Does anyone know anything about stock market shares?

Faz

Basically, I bought a lot of shares in a company called Touch Group Plc (TOU). Since buying them their value has plummeted from 25p a share to 13p a share. I bought approx £5000 of shares to the very strong disapproval of my dad, so as you can imagine I have pretty much shagged myself.

To make matters worse, I was using borrowed money (stooze) which I then had to start paying interest on. Luckily my dad is going to give me £5000 to pay back the lender, then I can pay him slowely in my own time. My actual question is, does someone have access to any knowledge which may help decide whether it is worth keeping my shares or not? If i sell them now, I probably lose £2300ish of solid cash. If I keep them a little longer term, and they increase in value, my losses will be loss. However if i keep and they don't improve (or get worse!) then my remaining £2700 is being tied up for no cause.

Bit stressed out because of this, back at university in a few weeks, could be doing without... will need to get a part time job to help earn some money back.

trademark

mm online search directory ... they seem to have promise and looking at the share price it appears to have bottomed .

you got caught out at the top of the last rise and given the time of year id be tempted to hold on , the summer months are usually poor .

if you want your money back for certain you will need to pull it out and forget the market , get your job and invest the money in an isa

if you want to gamble and get your money back then you need to leave it invested of maybe buy 5 stocks with the money £500 in each

the market hurts doesnt it , i know ... i only have a small position in LGB at the moment , huge amount of cash and promise ... worth a try as its an unusual stock in todays market .

one thing to remember .... the market always does as it should .... but not always when it should .

cheerfulcat

Hi, Faz,

Well, the short answer is, it's not usually a good idea to invest with borrowed money so probably best to sell the shares and pay your dad back as and when you can.

Looking at the company, as tm says, they seem to have some prospects but it is a tiny little AIM penny share so very risky. Also, I don't see that they have anything unique? If you want more info, here are some good websites for research ( you'll need to register, but it's free ) -

http://www.digitallook.com/

http://www.advfn.com/cmn/fbb/thread.php3?id=7743952

Bear in mind that bulletin board chatter can be seriously rampy :-) the advfn thread seems to contain some decent research. You could also ask here -

http://boards.fool.co.uk/messages.asp?mid=9527950&bid=51144

HTH

Cheerfulcat