Deposit account.

When you have 5k that you only *want* to make money on short term, ask again.

Gausie is right - don't invest in the stock market if you "need" to make money - only ever invest what you can afford to lose, and therefore you should only do it because you want to!

I have weighed the negatives and positives. This is extra money that I would like to play with, to gain experience in trading shares.

Risk reward ratio is important. The higher the risk the more you can expect to gain or lose.
For example if you bought Mytravel at the moment you could easily gain or lose 25% + in one week! This company has a fine balance between people who think it is a takeover candidate and others who feel it is about to close its doors.
As a beginner the chances are very high that you will lose some money.
The stock market is a gamble on any share or index so if you want to be safe listen to Gausie!

Perhaps open a CMC account, commission free trading. Get your money management in order (never lose more than 2% of your pot etc.). Learn to trade off end of day prices (don't place orders in an open market). Don't use any margin. Use CMC's automated stops and limits, one cancels the other, if done facilities. Once you can consistently win (over a number of months/years), scale up your trades. You only need to use a small amount of your pot to find out if you can trade effectively and gain experience (just start with 500).

Don't try to make money, avoid losing it.

Fugitive, good points ..
D.

excellent advice.

WOuld mayflower be a good investment as it is dirt cheap and eventually will recover.

Also they will cut the divdend which will mean have a affect on share price

Any comments.

My risky investments.

British Energy
Cater Bernard
Telewest
Mayflower
Mytravel
Inter Alliance

You need to decide what type of trading you intend to do, because if it's the old fashioned type - where you buy a share (paying charges & stamp duty) and then sell at a later date - you need to have a different stratergy than if you are spreadbetting or using CFD's.

I don't know much about your choices - except Telewest. This is a share to short not go long! (i.e sell rather than buy!) Telewest will only survive if it joins up with NTL (another co in trouble). If this happens I would expect them to delist in the UK to become NASDAQ quoted, and any UK shareholder will lose all thier money. If Telewest does not merge with NTL it will go under and all their competitors will just help themselves for next to nothing. (Does anyone remember IONICA - they went bust and their competition took over thier customers & assets for either free, of next to nothing.)

cheers little woman very helpful.

Spreadbetting can you make good money or is it only little gainsa

There is no better way of learning about shares when you have your own money invested.

However my advice would be to keep your cash in the bank for now. Lot of volatility in the market at the moment. A lot of investors going for 'safer' shares.

When LSE stabilizes then go for it.

All IMO.

have a look at alltracel pharmaceuticals. web site www.alltracel.com. announcing final year results next week which should be excellent judging by their interim and quarterly announcements. their broker state that shares should rise to original list price of 68p in the medium term. also lots of new deals which looking very interesting. currently trading at around 30p. only my humble opinion but possibly worth a punt. stocks go up and down like wh***s knickers, who knows?

Why now ? Why not wait a couple of months so as to give yourself time to
gather more information?Meanwhile,you could have an imaginary portfolio.
rgds aj

Excellent advice AJ, but his performance may make him steer clear of market, and where would we make our gains if not from novices? IMH (but very greedy)O if you have 5000 to play with, perhaps you could just sign me a cheque payable to CASH!. Good hunting.

I'd put half on ZI Medical (ZIM) results due 5th April & half on CMS Webview (CWV) results due soon (April/May) (IMHO & DYOR)

Ok so am I being silly investing so much.

What are the fundamentals of trading and how do I become a day trader what do i look out for.

should i try spreadbetting

Do paper trading and think of it as "real Money".This way you will know whether your strategies are going right or not.
Aslo identify yourself as what type of trader u want to be.Day,week,mixture.Aslo the risk/money management has to be right.
Before u place a trade u should have worked out your max loss that u are willing to take etc.
Day trading "full time" -DONT GIVE up your JOB as its difficult.
s/betting recent article in sunday times said that approx. 90 odd % lost!!!!

rgds
zarif

thesaurus,

Watch, read, listen, ask questions, paper trade.
Check with Croc for any seminars in your area.

When you get it right paper trading, you'll find that
you have to learn it all again as you will then be fighting
your own psychological profile when you trade with real money.
This will be a totally different experience, believe me.

Melnibone.

what effects a share price.

Thesaurus:
In a nut shell: "if you dont learn the importance of Support and resistance than u dont know the markets at all"
markets are driven by sentiment etc etc.
Fear and greed are the biggest factors that play on emotions.
Cut your losses quick -the best way to survive.
Paper trading will help -BUT remember as soon as You put REAL money the RULES of the game change (as melnibone said)!!!.
IF YOU FAIL TO PLAN THAN YOU PLAN TO FAIL!!!

i hope this helps.
Get some knowledge -attend a few courses eg: crocs and attend any traders meetings in your area.

rgds
zarif

what are crocs?

Sorry Crocs the nick Name of David who does the traders thread and you can also go to his site at:
www.snappytrader.com
you will find a lot of info there including free educational material on tech analysis etc etc. The place is atraders goldmine.try it

rgds
zarif

will give that a go for sure.

thesaurus. You've a chance of ending up a millionaire, without risking your money, by buying premium bonds (you have to wait only a month before they go in the draw). That's your best bet.

If you want to take a chance on the market why not pay to go on one of Croc's day courses - you can ask all the questions you want, and get not only the answers, but also actually see him trading. It was the best 175 I ever spent.

As for buying shares you know little about, you've probably got, at best, a less than 50/50 chance of making any amount of money (after you've paid stamp duty and commission). Frankly to get experience of the market the advice to open a spreadbetting account is good - you can trade a dozen times a day or more; but for heaven's sake keep the bet low - 1 a point - until you're making a regular profit. But be warned - it looks easy but you will almost certainly lose steadily to begin with; to consistently win can take a VERY long time. Years!

One other point. You will probably get free day charts with spreadbetters (check before opening an account) but if you want historical info (like the week, or monthly charts) or Level 2 (the orders being lined up in any share), or up-to-date news on UK shares, or ex-dividend info etc, you will probably have to pay. I pay just under 80 a month to Moneyam for the facilities I use. And in my opinion you would need something like that.

Hope it helps. As Gausie says - if you NEED to make money short-term DON'T play the markets.

We were all wrong.See Fundamentalist wins at Cheltenham
rgds aj

I am tempted by british energy what do you guys think

If u really r this green do as you've been advised and put your money in a high rate savings account till you have some idea of what your doing. No offense meant.

How much will a high rate savings account give me

thesaurus, u should be able to get in excess of 5%. Shop around, use the web there's bags of scope on-line. At least it will be earning something in reality, while u r loosing it on paper. remember even though you are not Investing for real you will have to be strict, keep a book and include all your ex's. There is no point in cheating yourself, you already know how clever you R :-) Good luck. dm.

5% A YEAR?

Suggestions for 5,000 gbp:

(1) Buy something you always wanted and be happy. Better yet, buy someone you love something they always wanted and make them happy. It'll make you feel good.

(2) Spend whatever it takes on yourself to make you feel good. Then go see the boss and ask for a rise. (Even if you only get 500 p.a. and you spend all your money you get you've bought a 10%(ish) investment at ten times face value).

(3) If they fire you you have a 5k cushion while looking for a better job.

(4) Put 500 on the 3.30 at Newmarket. See how you feel at 3.37.

(5) Take the CFA exam. Look after other peoples money.

err, thats it.

Oh, I suppose you could open a cheap dealing account and get 5 x 1,000gbp lines of stock. You get to know how it feels.

Remember:

'Shares go up and down, but not necessarily in that order'. (Who said that ?)

Oh, seriously, everything that everyone here has said is true, and if this is money you can't afford to lose then bank it. If you are serious then you could look at gearing your investment by using extended settlement dates. This means you buy stock now but don't pay for it until later. It's old fashioned and incurs stamp duty etc, but it means you can buy more than 5ks worth of stock. Your broker will want some cash in the account before doing it for to cover the (very likely) chance of a falling share price.

The above is an example of what you may be able to do. It isn't good advice. Good advice is put it in the bank.

Best of luck.

My friend everyone is giving you good advise.You have 5k which you dont want to squader on a venture. Preserve your capital and do some quality researcing and paper trade.Profit or loss even on paper "IS a PROFIT OR LOSS" treat it like that and you are on the right path.

Use this analogy: If you want to DRIVE than you need to get some Lessons,the rules of the Road, the Do and Donts. Also the car size speeds your heart can take and what you can control.

I hope this helps but at the end of the day its your "money and u take your chances" but without sound knowledge you are better off putting it on number seven on the gigis.

rgds
zarif

Hi
Been reading your thread & very interesting. I asked a few questions when I started and certainly didn't get as many replies as you, so well done. I am also a novice so this is not 'advice', just my experience. I invested some small amounts off my own back from newspaper tips & did OK so got a taste....Bought shares mag and then found this site. As regards BGY...I started reading the threads and got carried away and bought these. As they went down I regreted it as everyone had been so positive and one of the comments made me feel a bit silly if I didn't buy. I believe long term still Ok but I want to trade short. So beware...noone seems to fill in their profile so you don't know who they are, keep reading all the threads and you will get to know who is reliable. I started carefully with slow growth, solid companies but decided I wanted to be more daring. As they say, if you want higher gains, take higher risks. I now invest more in riskier co. Petra diamonds and petroceltic, up & down but I've had good profit whilst keeping backup in big companies. (I'm still tempted to take out though as too slow for me!!) Best of luck.

Sorry off the topic:
Amberjane -Did you get my internal Mail??

Also back to the topic.
Try Trendwatch Publications- Its one month Free and has quite a lot of info in it regarding shares what to buy and what to avoid etc.

www.trendwatch.co.uk

have a look at it -nothing to lose and keep your options open.

rgds
zarif

Trading with a 5K pot will be very hard, because of the spreads/costs.
If you have a margin account the price can move against you very fast and you will have to close at the worst possible price and generally it will be the exact price the share will turn back in your favour. So if you do trade like that, make sure you keep plenty of available margin in hand.
Small caps are okay if you are not in a hurry to sell and do the research.

Zarif

Many thanks in advance for your reply. Have seen in index but trouble with AOL and can't open anything??

Putting my thoughts together now for a trade in the morning, something small (have u seen the 'tiddler' thread?) as I can't leave my money over weekend without it 'having a chance'. (I was going to say 'without it earning' but don't want to tempt fate..)

amberjane,
Have you worked out what price the share will have to achieve for it to breakeven on the costs (stamp, spread, brokers?) and is that a feasible target if at all?
There is always another bus another day if you miss it, so don't rush it.

This is all very sound advice. But lets assume I can afford to loose 5k.

When shares tips a share the next morning it goes up. How can I buy the share first thing in the morning at yesterdays closing price or can i pick it up so that i catch it on the way up.

For instance say joe bloggs closed yesterday at 6.5p. But jumps up to 9.5p in the next morning.

Now can I buy the share as it goes i.e at 7p or is the opening price the best i will get even if i put in a limit order

You shouldn't buy a share because it is tipped in a magazine. And if you wait, more than likely the share price will fall back anyway.

If you use CFDs you can buy in the opening auction pre-market, but not necessarily at the previous close price.

Thanks Jumpin, but no I don't work out little things like that. I know to you experts its possible but my experience is the market never does what you think so why predict. Didn't do anything this morning just research. Been looking at a new issue Central African Gold, Phil Edmonds is Chairman, is he same guy that launched CFM? If so that went from to 3.25 to 9.5 in a year. (I know, bit long for me). Appreciate any info if known??

ps. thesaurus - Assuming you could afford to lose 5k. My suggestion, go to option 1. of 38's thread, forget that you don't know me (and that love stuff) and buy me..........
Failing that, have fun 'playing' the market.

amberjane,

The company of which Phil Edmonds is Chairman is Southern African Resources (SFU). They were tipped as an accumulate in Shares Mag Oct last year at 4p, they are 33p today. Should have bought some. Never mind!!

Hope this helps

Rgds

PTH

tempting offer amberjane

Check out some details for DTC, Thesaurus. You could have lost a packet if you had held these early last year or before or take a look at TWT. It is very,VERY easy to lose your cash and your confidence if you try to make a quick buck (or Pound). Be cautious and always do thorough research yourself. Remember opinions are just that and even 'experts' get it wrong (remember Norman Lamont and our lost Billions!). Be careful.

You'll never know which was more exciting!! Oh well such is life. (told you I liked 'high' risk) Hope playing the market doesn't prove tooooo painfull. Good Luck.

ps. Although my 2 high risk shares are soaring...didn't tell you about the 6 that are down..time will tell, I still have faith.

Regards, AJ

ptholden

No it didn't help, it hurt! I didn't buy either. Still is it the same guy for this new company?

Regards, AJ

amberjane,

Out of curiosity, what attracted you to Petra and Central African? Was it Shares rag, or something else?

Hilary,

DAILY MAIL!! That's how I got started with their tips. Not been so succesful with the ones I've picked from Shares so far although I nearly went for Tadpole!!!

Interesting, amberjane, thanks.

Invest 2,500 in high risk /Cash 2,500 ?
rgds

Daily Mail! One of the members of the investment club i'm involved used to suggest tips from the daily mail - and every has done really badly including 4 wipe outs! I managed to stop the other members going along with tips for the last 18 months and the worse share is down 4%, the best is up over 40% and we have been able to take profit (through stop loss) on 2 shares. I should sit down and work out how much we are up overall............

Amazing, it's only been 12 months not 18 month and the portfolio is 40% higher than the cash added to the account (received a few dividends too!) Not bad for a very conservative portfolio based partly on high dividend return.

thesaurus. The answer to your last question about buying first thing in the morning at the previous day's (lower) closing price (or somewhere near it) is that you can't. If you could everyone would do it. However you can frequently buy early (after the auction finishes at 8 am) and take a chance on it rising more during the morning. Not everyone is able to ring their broker up at 7.45 am and leave instructions to buy first thing - some can't buy until they get to work; even more don't know the price has risen until they get home that night -then there's possibly another rise next day.

Believe me there are no easy short-cuts. As Zarif says you can't make an omlette without breaking eggs. You've got to take a chance.

thesaurus
I have been reading this thread out of general interest and I have come to the conclusion that it must be a bit of a wind up.
Buying today at yesterdays prices!!! Wouldnt we all be just a little bit richer if we could. It would be something like filling the football coupons in after the matches had finished.
If you are serious I respectfully suggest that you should put your money in the bank, if not its been quite a good laugh.
optomistic

Could be a wind up.

Never in the field of investment management has so much advice been offered by so many for so little money. (Not Churchill) However, It's now time to sh@t or get off the pot. (Stormin Norm') So, Accept the challenge, and feel the exhileration of victory. (Patton) All I can promise you is Blood Sweat Toil and Tears. (Definitely Churchill) Drop me a line and I'll make arrangements to take custody of your 5k and buy you some stock. (38) I'm sorry this letter is so long, I didn't have time to make it shorter. (Wilde)

Love

38

Edit: The Bank and the 3.40 at newmarket are still my prefered options

Apologies "38" but I believe I have first dibs on the 5k. PS- are we talking H.Norman Schwartzkopf JUNIOR or SENIOR?

38-20!!!! It's your fault. You made me fall off my chair and hurt my hand. Now, my ribs are moving in tune with the throb.

Namreh, you take 2 1/2 and I'll take 2 1/2. Done ?

bonn1e, Que ?

Jokes at my expense, come on thats just not playing fair.

Look I am at Uni, my mates are all out getting drunk most nights. I would rather use my student loan to create wealth not demolish it. So is this a joke, if it was it would not be a very good one.

I just needed advice and to be fair i am touched that so many people have. If you learn from other peoples mistakes then you should be ok

Thesaurus

Thesaurus - Take a look at http://www.investtech 'register for free' then look at thier comments on various company/charts click on 'Trends' many rising stocks there, check our any other info you require on Money AM. I like the look of Stream Grp (SEA) up over 1500% since June 03 results were 16-02-04 take a look, and no I don't hold any yet! Don't but all your 5k into one 'golden egg' make your dosh slowly not loose it fast..! All IMHO/DYOR.
Hope this helps
Mike....

Thesaurus, the thing is that you will not be creating wealth consistently at first. You may well be lucky and make money to start with, but you will eventually give it back and more. The vast majority of traders who make money consistently (and it is said that only 10% of so of traders make money) only started being successful after blowing the whole of their pot at least once if not two or three times. Those successful traders are the ones who persisted. So bear that in mind when you come to decide whether your student loan, funded with the money I pay to the Inland Revenue, is better spent on drinking or trading :-)

Thesaurus: a millionaire friend of mine once told me "there's no such thing as easy money". Another such said "the first million is the hardest".

These statements appear to be true, from my experience. Personally, I'm still working on the first million.

Good luck with your life.

Yes but who said this is 'easy money' anyway even if you do gain? Every day just before you click on your portfolio you lose a few more minutes of your life, with fingers, toes & anything else you can cross, crossed!

Millwall were a couple of weeks ago as 5,000 would have got one millions of shares.Perhaps it still is.Any snooker players amongst us knows the good
player never scorns the lowly yellow.
rgds aj

If you want the benefit of years of research for free, Antonov PLC's transmissions (gearboxes) will be going into production later this year. Antonov have found a partner and should be releasing details sometime who their business partner is. They have a 6-speed design which should be in production in 2005. If you are capable of holding for a long period of time this should be a one way ticket, even if its a rough ride.

But don't put all your eggs in one basket, in case I am wrong ;-)
And don't risk more than you can afford to lose!

http://www.schmider-investments.de/frametext/interviews/frame20.htm

Put that through babelfish and you'll have a good overview of the company.

I'll tell ya where to put 5k, the same place I put my investment, NML, a great return for ya dosh, upside potential is massive, I reckon you could 4 fold minimal ya money there too within the year and well, after that the sky and on, what bank's gonna give ya 400% interest in ya first year !!!

Write this one down as were expecting news now which was promised end of april, a new mine start for diamonds, after the initial 2 months operation it will double the mine production, giving over 1 million dollars a month income (20,000 carats a month) , for over 6 years !!!

Trading has got healthy now, and over the next week or couple should see the upside start, watch this as early as THIS tuesday morning, its gettin hot.

Upto you, but i'd guess minimal 30p by year end, very conservative, DYOH+R and be sure before entering.

AGAIN WRITE IT DOWN, DON'T MISS OUT, THIS ONE'S BIG TILL 2010 AT LEAST, AND HERE'S YOUR ENTRY LEVEL.

Be especially wary of posts such as the one preceeding this.

we'll see

thesaurus

i suggest you listen to peeps like gausie. its because of the likes of him im still here after nearly 10 years.

my suggestion would be to read your thread header again and imagine someone else had written it. what would you think?

if there was anywhere anyone could put 5k ( in the market ) and get a guaranteed return, dont you think we would all be doing it?

you are pitting your wits against everyone else who trades, 99% of which are more savvy than you. sure, we can all hit a knutsford occassionally ( 9p to nearly 2 in a couple of hours if memory serves ) but its far more likely ( 100% id say ) that you will lose money trying to make a short term gain with no experience. absolutely no offence intended.......ANYONE will try to shaft you to make money in this game.

there is one infallible ( almost ) bb rule.

NEVER EVER believe anything you read on a bb ( this advice excluded )

good luck


ps if you DO hit the winning formula, be sure to let me know

I agree with the cautious approach - something like ING direct which gives instant access to your money and will pay 4.5%. Meanwhile set up a virtual portfolio with something like www.msn.co.uk then go to My Money and set up a portfolio so that you can see how it does. This gives you clear info on how much you would have gained/lost. There are also good clear charts (intraday, week, month, yr, 5yr) free for each stock on www.comdirect.co.uk, along with analysts information - all of which is useful. I don't think it worth buying individual shares without investing 700 because of transaction/stamp duty costs. Crocs site is excellent as mentioned before but I also like Citywire, although I subscribe for the full service and that is 98 or thereabouts per year. Good luck.

Im with the general opinion, listen to the older hands. While 5k is alot of money it is not that much if you are trying to buy mid cap shares and the costs will soon wipe out the profits, that means as with most the aim shares look more attractive. If you get them right you clean up but mostly you have to keep money in for along time before they move (depending on what profit you want and what your timeline for return is ). spreadbetting is fine but trade for a good while till you get it right more times than wrong and aim for shares which have a least twice the upside to downside ( short or long ). Also look at the general market if it is a bear market week beware of being to bullish. When I started spreadbetting I made the mistake of falling for the index trap, looks easy to make a lot but the spreads are against you and I learnt the hard way. Went back to good old shares. Of course all IMO and all the best and lol

Ah well, you try and help, do us one favour, stick it on ya watchlist for several months, check it by summer, then toward the end of year and beyond for that matter.

Gausie , you read my post and within 20 minutes told everyone to be wary, I've spent countless money on professional opinion, weeks of research (still digging now pardon the pun), and a fare amount of money on various sites to gain my info.

Posts like yours just shows how narrowminded you are, if you had replied at say 8 or 9 oclock tonight with some backing as why you thought what you have then maybe I or we would beleive you.

If you don't believe what you read on a bb why are you here ???

Try some research yourself, instead of criticising helpful people, gausie you ain't the only person to help others.

edit :- PS >>>>> I was the one who tipped DDD when it was 9p, sure alot of peeps said a quiet thanks on that one !!

No offence meant LEEWINK, but say you get it wrong, and thesaurus takes you up on your advise - are you going to compensate him?

Anyone buying your hot tip when the share hit it high in Feb would currently be sitting on a almost a 50% loss and from the research I've done so far all I see is a company that keeps issuing shares to keep going - and the biggest surprise a figure of $5,192,338 for Exploration expenditure held on the balance sheet as an ASSET - so when are they going to treat this expenditure as expenditure? (Perhaps when it means it won't wipe out the rest of the balance sheet!)

The only this guarenteed in Life is that one day we all die.....

Like you say, a "tip" is a choice for yourself to decide on, you obviously don't know all the "cash at bank" details, anyway the measly 5m your on about is a mere 5 months mining of 6+ years worth, they have cash facilities more than this, what about the niobium and tantalum updates we are waiting on too, care to answer what this could do also.

Compensation has nothing to do with it, and a suggestion of such is ridiculous and petty, will I get compensated if I lose on my 15k investment.

Seems a few can't get there heads round the idea that someone can be reasonable on a bb, your researching is not up to much if you can only find this tiny insignificant minus, and you cant see the plusses coming.

And yes we all die, thats the only sensible thing you've said.

Listen to Gausie. Listen and think. All he is really saying is heed the market.

Why should LEEWINK (with all due respect) know something that has been hidden from the rest of us in the marketplace?

LEEWINK says he has "spent countless money on professional opinion, weeks of research (still digging now pardon the pun), and a fare amount of money on various sites to gain my info".

Well, we all do research, but who did he spend all this "countless money" with? I think we should be told the source of this apparently extremely expensive wisdom.

I'm not mocking -- I'm merely exhorting caution -- how do we know who LEEWINK is or what he knows?

The final danger sign "If you don't believe what you read on a bb why are you here ???"

Do you believe everything you read on a BB? Yes? In which case, I can authoritively tell you that the Moon is, indeed, made of Green Cheese.

Now you all know, for sure.

MM

12th August 2003 I mentioned NOP, could of doubled your money on that one, and a few probably did at minimal, shortly after this date NOP had a centre large spread in one of the main newspapers, from there people started to see and hear about the company for its potential, and onward it went from there.

Its early stages for NML now, mine prospecting in other minerals is due to come to a head soon, and the work to begin on the mines themselves to get this latest diamond mine started, it will happen, the latest area of land in question still has further possible exploration and this insert now is from there current and lastest RNS.

Now If i said to you 6 months ago buy AFD you would of had the same reaction as now when I say NML, AFD 10 folded in 4-5 months of open, and although has dropped to stable now, still looks a good share if you had it at the low of 7p, it is to me the base level to buy NML now, as the prospecting starts, NML are utilising machinery very well and can shift it to whichever projects they like, "others" I think was mentioned.

NML have produced concrete evidence of the upside potential now, but there is so many further possibilities as you can see again, from this last RNS insert :-

************************************************************

Angola Diamonds

New Millennium Resources N.L. acquired 100% of Angola Resources Pty Ltd that has
entered into a joint venture with ENDIAMA E.P. and Mombo LDA (Angolan
Companies), which hold diamond concession C9 in Angola (Lapi Diamond Project).

The company's Concession Area C9, is located 45km North East of Saurimo, the
provincial capital of Lunda Sul.

Concession Area C9 is 323sq.km in area and is located 30 km north of the large,
operating Catoca diamond mine in the North East of Angola. Extensive mapping and
exploration has identified an inferred resource of 3.7 million carats. There is
potential for 8.7 million carats just in the currently known area.

Four rivers including the Rio Chicapa flow through the tenement, providing
sufficient water for operations. The sparse vegetation and mostly flat landscape
lends itself to both land and dredging operations with low production costs.

The diamond industry in Angola has been an important component of the country's
economy for over ninety years and has enormous potential. The Angolan Government
has signed the United Nations agreement to certify all diamonds produced and has
provided secure title to the tenement.

The company has put in place a highly experienced management team that aims to
vigorously pursue the exploration and development programme planned for the
tenements.

The corporate strategy of New Millennium Resources N.L. is to enhance the
shareholders assets by:

Developing the Lapi Diamond Projects alluvial deposits in Area C, at an
initial rate of 10,000 carats per month.

Establishing a sound financial and operating base for the company, and

Acquisition and/or development of other diamond bearing areas, or of
income producing projects (either as owner operator or in joint venture with
suitable partners).

The company has purchased plant and equipment for a confirmation prospecting
programme. The programme is planned to commence in April and will take two
months to complete. On completion of the prospecting programme, the plant will
be put into production on a selected site. A modular primary production plant
with capacity to be relocated and expanded will then be installed to produce
diamonds from the alluvial deposits at the planned production rate of 10,000
carats per month. The Lapi Diamond Project is then expected to generate an
initial cash operating surplus of US$1.2 million per month (NMR's share will be
US$0.6m).

*****************************************************

Bear in mind, this is only the new diamond area which in time terms is young, they also mine precious metals etc to which the company are constantly gaining ground on too, as well as more in the pipeline, like you say, you makes ya choice.

Lee

A very long and, I'm sure, a very informative post.

However - unless there's anything there that you and only you know or understands, then it's all in the price. If the market knows it then the market's priced it.

Gausie

Thanks for the responses Testex, Leewink.

I'm a little concerned that this thread is rapidly going off topic, so have set up a new thread specifically to look at the question 'It's all in the price - or is it?'

Please can we move this discussion HERE. I have taken the liberty of copying a few of these posts over to the new thread.

Thanks

Gausie

LEEWINK, I don't call $134,076 cash @ 31 Dec 03 at lot of money. They have had to issue 2 lots of shares to raise more cash, as they didn't have enough to keep going. The 2nd issue was because they didn't issue enough the first time.

This company needs some results and yes, if they get it soon you are right, the share price will take off.

But if they don't get some results soon, they are going to run out of money and if they can't raise it next time they will go bust and you will lose all your money.

ITS VERY HIGH RISK and NOT GUAREENTEED

None of them are ever Guareenteed. (or even Guaranteed - did u learn nofin from RH)

Spelling has never been a strong point of mine - give me numbers every time!

LEEWINK - You're talking bollocks.

Littlewoman - you're quite correct in your assertion, even though your post contains smelling pisstakes.

Quite right Rudolph. The only share for which anyone has been able to predict the future has been PDX. But that's different :-)

I once new a bookie whose house was called "Fool's Money".

The online bookies are sometimes call "stockbrokers" or "barrow boys".

Get some basic books on the stock market read 1,2,3 times.

I don't know much about charting but recently bought "Technical Analysis for Dummies" By Barbara Rockefeller. It seems logical and not over blown. I wish I had read it 10years ago.

Get a stockmarket portfolio software package to follow your ideas and make believe punts with. Or better still use a spread sheet and write your own. Look at the graphs!!!!

Read the "Zulu Principle" Jim SLater.

Divide your pot into 1 or 2 portions labelled eg. Safe bets 2/3 and Gambles 1/3.

Check the SPREADS.

Invest in the Safe bets something relating to your present work which you think is a good idea. Check the promised returns on capital invested in the company .
Look at the fundamentals Remember the figures reported are generally lies.


Same applies for the gambles but invest in smaller companie. Remembering many promising companies are not in profit and perhaps never will be!

Run both phantom portfolios side by side for six months. (I think the market at the moment is treacherous. (After looking at my different portfolios I feel I have betrayed myself for the last few months.)

Do this for 6months before six months before real life gambling.

Re-analyse the reasons for your buys and sells. Especially your losses.

Get an on-line broker with research facillities and On-Stop losses. "think about Stop Losses"

I use Comdirect for SIPPS. A little more expensive than some but has good research facillities.

Don't rush in because the company is the flavour of the month. Follow it for a few months, even to and after their AGM etc.

After you have done this for 6-12 months you may have enough knowledge of the market to consider over gambling techniques ie, Spread betting, CFDS, Etc.

But remember generally there is more time and perhaps chance to recover from a bad stock purchase than a bad "bet".

Remember for you to be making money, somebody is loosing theirs. And the "bookies" are in the middle smiling.

Forgot WHAT DO YOU MEAN BY SHORT TERM!!!!!!

Buy a mask and rob a bank!!!

"Going off topic", I posted a reasonable point, you slated me for it, to which I had to justify it.

Ok, its getting silly now, the company aint skint, its got massive loan facility if it needs it, which I must add I don't think they've touched it, it may of issued shares to cover costs, but they were quickly snapped up by investor(s), and of course the upper top management transferred all there funds from other interests to lose, why did they transfer this or these massive amounts ??? because of the potential gains by any chance, this was very recent.

" It is all in the price " LOL, as if

thx testex for your inputs, shame peeps can't see a good one even if its right there in front of 'em.

"If it can't get results soon", the company will be skint, I think someone has missed the point here, try this :- 1 MILLION USD A MONTH INCOME BASED ON 20,000 CARATS A MONTH FOR 6 YEARS, ITS IN BLACK AND WHITE.

Leewink.

My most sincere apologies to you and your kind. I'm sure they're a top notch company and thats why their price is going up so quickly.



Whats your target? 2p?

LOL, as you will

Why is this thread being use to try and plug shares? Or is this ramping?

Why not start the appropiate thread for the company?

Dear me!Same old stuff.
Listen to Gausie /little woman.
And print that chart off:-)

"Why not start the appropiate thread for the company?"

I have.

"ramping", not at all.

I think you'll find that Gausie doesn't hold stock! He prefers to hold short positions and is very successful at it. (G - Correct me if I'm wrong)

Hi all,
Am I the only one that would like to see this thread return to normal i.e.
not personalised ?
rgds aj

testex
while i share yor sentiments i think they could have been aired with a little moe tact. we all ( i assume ) started trading wearing rose coloured specs. i was lucky and began trading at the bottom of the bull boom. others were not so lucky.

i am far more cautious now, and although posters may give "tips" in all good faith, i would totally ignore them.
i could post at least 25 shares that everyone and their granny was tipping over the last few years. THEY are ALL BUST or down a huge %. a few were lucky but all they did was take other punters money. you nedd a share that is generating cash,increasing market share,blah blah blah

Afternoon all. Its great to see that honest open and straightforward discussion isn't dead. I sort of wonder what the original poster who came to this board with a genuine question and interest has made of the subsequent discussion....

If you're still out there old fella can you tell us what you finally decided to do ?

Compliments of the day to you all.

Yes I remember this one at the start, think I was suggesting the alternative of a car somewhere along the line.........interested to know how it went to.

what thoroughly horrible individual you really are, testex.

Ok,

Gents that is enough - please stick to the discussion at hand and not personal stuff.

Testex, we like to encourage freedom of speech on here but will not hesitate to step in when things veer off in a personal direction.

Ian

testex; No we can go one step further, bye bye!

testex

accept this bb for its intended purpose......ie like minded peeps with a yen to making money. no point in getting wound up by other posters ( even MAM ). you will be zapped so keep to the topic. PLEASE

good to see ianT[moneyam]stepping in to introduce a quality control!

good to see ianT[moneyam]stepping in to introduce a quality control!

hey guys id love to know what testex wrote! was it that bad?

This is an outstanding board.I am delighted to see Ian making every effort
to ensure it stays this way.
rgds aj

gunnergonk,

It was the sort of thing that you would expect a Redneck
Klu Klux Klan mental pygmy to make.

Nobody is going to repeat it.
Forget about it.

Melnibone.

Getting back to the original point.
Thesaurus,
Run a paper portfolio for six months trying different strategies. You'll learn how easy it is to lose money and you'll still have your 5000 at the end of it. Remember: a lost opportunity is better than an actual loss.
fartingbear

Ian -Well done -Doesnot matter what Testex wrote as soon as someone starts taking personal Bites at someone -than you know that things are getting rabid and they have relinquished their right of "freedom of speech" for there is civlilty and courtesy to maintain harmony at all levels.

rgds
zarif

5k is subjective to a "Caliph it may be Dirt but To the Dirt Its Caliph!!!!!"

I recommend that you spend it on high class hookers. Remember to light your Havana cigar with a flameing 50 note. That's guaranteed to take you to heaven and back.

Open an online controlled risk spreadbetting account & buy the sept/dec Torex Retail plc future listed on AIM current margin req 20% up to you how much of 5k you use suggest 1k initially ( ascertain per point value relative to current price based upon margin )and continue buying on dips of 10% or more current underlying share price spread 67/72. Prob will fall back to 63/65 offer short term fr current levels allow for small future price/spreadbetting premium but commence buying around this area with a trailing stop.

I think the guy with 5k should open an account with CMC and cfd on margin and scalp 0.5p on a short, but be very careful, its easy for LITTLE people with not many funds to get caught out, so make sure you understand what your entering yourself into.

Ian ( Moneyam)

Good to see you have kept Testex off this board, i'm sure the police worked wonders with him, i heard they held his hand out and smacked his knuckles with a ruler and said dont do it again or possibly they never bothered visiting him, cos they have far better things to do with their valuable time.

Its good to see that Moneyam can stop these people from entering on these boards, ip address's work wonders these days ;-)

good to hear you kept Nikkei225 on this thread, your so clever Moneyam, LOL.

THESAURUS,HI ARE YOU SERIOUS ABOUT 5OOO,IF I SAID TO YOU GIVE ME 5000 AND BY NEXT WEEK YOU GET 30000 BACK ,YOU WOULD LAUGH AT ME.,,LETS JUST SEE THEN.
duke of venice 3.45 goodwood,,18/5/2004 predominate stakes if the ground gets a bit of water ,,you will get 30000 back,i am on at 5/1, 100 to win

Plant sowing potatoes etc and save money on your grocery bills. Keep enough potatoes left over to plant the following year. Buy low power long life light bulbs. Use waste, eg old newspapers, as loft insulation. Etc.

When you no longer need money short term then its time to think about speculating.

Warren Buffet: Don't hold a share for 5 minutes that you are not prepared to hold for 5 years.

(Even if a company is fundamentally undervalued, the current price represents the average current opinion of those interested, and that opinion could move against you. Its only over time that the fundamentals should win out, and even then, they can change due to unforseen circumstances: eg rogue trader and Kobe earthquake taking down Barings bank.)

Short term ?How long ?
rgds aj

Just like the original poster, I too have a "small" pot of beans my wife & I have put aside for MY "new" career ... trading from home. I'm 45, unemployed, ex-metallurgical engineer, ex-electronics engineer, ex-quality/reliability engineer, ex-statistician, ex-lecturer (letcher), MBA, etc., etc. with about 15,000 to start with. Fortunately, my better half works full-time.

I've been lurking on MoneyAM since just b-4 9/11, running as many demos on as many sites as I care too mention (mostly very dissapointing - mostly the loss of intraday interactive realism - watching the L2 screen still turns my brain into a turkey).

I feel "psychologically" ready to start trading ... my technical competence is still questionable ... but the only way to test the brakes is to start rolling down the hill ... hopefully a very slight slope, building up a small momentum.

My initial strategy is to invest in 5 shares (x 1,000), held over a period of 10 days, hoping to see a return of 3% (30 net profit) per share. Ideally, I'd like to see a larger return, but 4 now, I want to see HOW, technically, it all works, ie. the broker service, the computer system/s (hardware & software), the transfer of funds, the opening of a trading account (first & foremost). And then the final consolidation and sale of shares, as well as being able to find my transactions history and funds in my account. All this is still alien to me - hence STEP 1.

U could argue that I only invest 500 off the bat to research how the brokers work, the system and data monitoring packages. What scares me is that I don't get the best market price on purchase/sale because it may depend on WHO I'm registered with as a trader. I'm not sure if there is any regulations that force brokers to offer the same prices as seen on the floor (L2)?

I'm also considering a new PC with 4 monitors ... currently I have a portable with 2 screens and broadband. Ideally, I'd love to watch a trader for a day to see which Software / Hardware and Broker/s they use.

Finally, I cannot get my head around "going short" and profiting from it (I understand CFD) Wot about boring "missionary position" stock trading?

Feel free to comment.

If I was you I would put your 5k in a bank at 4.5% Their aint no get rick quick tips. like the rest of us you take your chances win great loose take it like a man on the nose. But you sound as if you would top yourself if you loose, and 5k aint enought to top yourself PUT IT IN THE BANK

Just read my own post .. sorry folks, it's all over the place. Let's see if I can get to the point. This to those with a few years trading experience:

1. Do U have networked PC's linked at home, or multiple screens to one "supa" puter?

2. Which technical analysis software do U use? Sharescope / Visual Trader / MoneyAM, ... etc?

3. Which trading platform do you use - ie. getting in and out of the market

4. Do U keep this on a seperate monitor, live and open at all times?

5. Is there a share price variance between the technical packages and the trading platform which also quotes it's own share prices?

6. Are all sell transactions transacted immidiately - especially penny shares? OR could they decline my sell request?

7. On MoneyAM's streaming data screen, TYPE of Tx is "O", "AT" and "L" ... what do these stand for?

8. Is it still possible to get an online T+10 account?

9. I'm happy (well, resigned) to meet Tx costs, varying from 7 to 15 a deal. But having looked at Hoodless Brennan & Prtners website (demo) ... cheap isn't necessarily best ... what is the concensus out there as to who are the most professional and helpful (online) broker - or should I get a "payphone" broker on the high street?

10. How do the X-purts KNOW there's been a pos+ move on a stock they own, given that we're not chameleons able to watch 2 monitors (shares/graphs/etc.) simultaneously?

Please feel free to comment, I promise not to sue!

OK before anyone accuses me - I don't get a commission from croc (posts the daily traders thread), but I would recommend attending one of his one day courses. I've been investing for more than 20 years, and trading on & off for the last couple of years. But struggled to get my head round some of what I was hearing & seeing. Finally 2 weeks ago I went on his one day course - it confirmed a lot of what I had heard, but most of all he actually showed me (& everyone else there)by putting into practice things - you got see to believe! Personally I wish I'd done it years ago - but of course I thought I didn't need it, as I'd been involved some way or annother in the market all my life.

I suggest you base everything on Need to Know i.e.discard 90 per cent of
information.
rgds aj

I agree with LW. I have been trading for years but have signed up for one of Croc's courses in August, i.e. www.snappytrader.co.uk to learn more. I don't think anybody would advise investing in the stockmarket if you can't afford to lose it - you could put the lot in and lose most of it overnight with one terrorist attack and that is the reality, even with blue chips. Meanwhile, with regard to broker, I changed mine a couple of years ago and now use comdirect who charge 12.50 flat rate - not cheapest, but have used for some time and found them extremely good. I am sure you can find similar but they also handle my SIPP (which is one of the reasons I chose them, as not everybody will do this). IMHO. DYOR.

T D Waterhouse also do 12.50 flat rate. 11.95 as a frequent trader, I find it suits my requirements, easily obtained trading details, instant trades at prequoted price and hardcopy backup usually the next day.
Hope this may help a little.
opto

If I were u, I would follow Sue Helen tips, she always picks good stock and they tend to go up, must be strict as they also fall very quickly so u need to keep an eye. Good examples: British Energy, Warthog, CWV Webview, African Gold. Soem people call her a ramper, maybe she is but so what!!! it works. PEOPLE SHOULD TAKE RESPONSABILITY AND ACCOUNTABILITY FOR THEIR OWN ACTIONS. She is not putting a knife and asking anyone to buy, she just state some facts and it is up to you to decide. If I had follower her I would have made tons of money. I decided not to in few occasion but I did with Warthog and made some quid. Thanks Sue Helen!! Your fan number 1!

Straight away I'd forget trying to make a profit in 10 days. There is a spread on the shares 5a difference between buy and sell prices). I'm pretty sure the MMs don't like to move the price by more than the spread in a short period of time, unless they have a reason to do so. So in the absense of news for the companies you are unlikely to be in profit that quickly; and if you were, it might be eaten up by trading costs. Work out 12.50*10=125, 5 buys and 5 sells. Add on 1% stamp duty or whatever it is, 5000*1%=50, and we are talking about having to make 175 just to stand still. Forget that. Go for undervalued shares and hold for a long time if they are moving slowly.

To start off with however, you might want to move your money around let's say from year to year. There are a couple of reasons. 1. With such small amounts you can buy and sell without moving the price, or at least you spoil the price for somebody else and not the rest of your share holding. 2. You are likely to be within your capital gains limits, so you can move the profit into another share without first giving away 40%.

There are reasons however not to move money around. If you find a good well managed growing company, why move the money. It only takes one mistake to put it into a dog, and you are easily stuck.

Get a good understanding of how compound interest works. For example a bet of Schumacher to win a race is higher risk than a bet for him to be world champion. But a race bet can give a return in hours whereas a championship bet need months to mature. So which is better value, the risky race bet, where returns can be compounded several times over the months? That's a simple example, but trading costs, risk/reward (expected return), compounding, and tax are the key things to understand to maximize your return.


1. Do U have networked PC's linked at home, or multiple screens to one "supa" puter?

A1. I have a good computer with modem internet access. It did have two screens but lightening took out the one that wasn't protected by a uninterruptable power supply.


2. Which technical analysis software do U use? Sharescope / Visual Trader / MoneyAM, ... etc?

A2. None. I base myself on fundamentals. I do look at charts, but I don't use them much for actual trading.


3. Which trading platform do you use - ie. getting in and out of the market

A3. I don't know what is a good platform, and I'd like to find out. I have a large amount in a company that is just siting still, but when the time does come to sell, I will be an active trader and having the right platform might make a reasonable difference. At the moment it doesn't. With 5000 I'd think your effort is far better directed at picking shares than picking your platform.


4. Do U keep this on a seperate monitor, live and open at all times?

A4. I used to. It was fun to watch the market move, and sometimes I'd jump the moment a price varied. I had SMS alerts to my phone and would buy some things the moment they dipped, etc. But assuming what you are buying is an absolute bargain that you have recognised, something is wrong if you are out and waiting for the bargain to get a lot cheaper.

It is something I will consider doing again when I have a large cash pile in addition to my main investments.


5. Is there a share price variance between the technical packages and the trading platform which also quotes it's own share prices?

A5. Others will know that better than me. When I buy things, like the field next to my house, I'm not too concerned about the price as it is valuable to me. If a share is well undervalued you can try to get the best price you can on it, but surely not at the expense of missing it. If it is not well undervalued, don't buy it, wait for one that is. You will make mistakes, everybody does, so why add to that by going for things you are not certain about?


6. Are all sell transactions transacted immidiately - especially penny shares? OR could they decline my sell request?

A6. You can put in 'limit' orders or 'at best' orders. Limit orders will not go through until the share is at the price you specify or better. 'At best' should go through straight away. That's for trades like your 5,000. If you have a big stake in an illiquid company, it could be that nobody wants it, or it has to be leaked into the market over a long period. I don't think you'll have that problem for some time yet.


7. On MoneyAM's streaming data screen, TYPE of Tx is "O", "AT" and "L" ... what do these stand for?

A7. I use a rival site more frequently than this, and the mnemonics look different, but there is usually a help button to explain. If not, contact MoneyAM, or ask again.

8. Is it still possible to get an online T+10 account?

A8. I'm pretty sure it is, but I haven't got one. TDWaterhouse do T+20 I think, so that qualifies as T+10 in my book, just settle earlier if that is what you want.

That implies to me that you want to guess events. If that is something you are talented at fine.

I'd like T+20 too, but I'd use it just so that I can buy a bargain at a moments notice and than sort out the funds for it in my own time. I wouldn't try to be a day trader. (Leaking a huge holding into the market might be called day trading, I don't know. As I say, I'm sitting and holding at present.)


9. I'm happy (well, resigned) to meet Tx costs, varying from 7 to 15 a deal. But having looked at Hoodless Brennan & Prtners website (demo) ... cheap isn't necessarily best ... what is the concensus out there as to who are the most professional and helpful (online) broker - or should I get a "payphone" broker on the high street?

A9. I prefer online. I hate call centres etc. With just experience of two brokers, very different, one online and one very much a human touch, I'm not qualified to reply.



10. How do the X-purts KNOW there's been a pos+ move on a stock they own, given that we're not chameleons able to watch 2 monitors (shares/graphs/etc.) simultaneously?

A10. I had stock alerts sent by email to an SMS gateway and then to my phone. It has happened that I have been online with the thing staring me in the face, and the first I knew about it was the phone bleeping and reading it on the SMS. I bought the share and the buy pushed the price straight back to where it was. I saw it as a profit of sorts at the time. They company went through sort of bankruptcy since, but emerged alive but crippled.

Choice is far more important than price. I read once about Glaxo Smithklein Beecham - and I don't know if this is true, I haven't checked the prices - but the shares were say 30 and if you bought them 30 years before for 30p instead of 15p, people would have called you a nutter.

Maybe the story is not true, but it illustrates the point.


I'll not spend my time ramping my favorite share here, but something goes into production this year; something else the year after. They have a partner to help them progress, and contracts which only bear fruit after a period of time. I'm patiently (or more like impatiently to be honest) waiting for all that to filter through.

Some people buy on hope, others on the rumours, some on the contract news, some on production, some on break even, some on profit, when there is a reasonable dividend, etc.

The trouble with the stock market is if you have a shares in a good company that you have researched well it is a risk to put money into a lesser researched company, especially when 40% is going to go in tax.

I am happy to move the money around. But I need a darn good reason to do it.

crystalclear

NEVER save potatoes for next years crop......but on a similar note

make your own wine and beer, jam, picallili etc. saves a fortune that you can then flush down the stockmarket drain LOL

crystalclear
Stampduty currently 1/2% on the purchase only
Rgds
opto

As at - Friday 21st of May 2004
Position	EPIC	Company Name	% Change	Users
1	EEN	Emerald Energy	285.71	pistolpete2
2	CFP	CFA Capital Group	230.19	Soulretro, hilary
3	CYC	CYC Holdings	215.38	al100
4	DAG	DA Group	164.58	BLAND2, Rkencars
5	AFD	African Diamond	143.24	dlpm, Wendy D, axe79, Terra99
6	BGY	British Energy	142.70	DOMINGO
7	IBL	International Brand Licensing	119.40	ticker
8	ATV	Antonov	118.18	depeched101
9	IDN	IDN Telecom	105.56	keeplosingwoman, amana
10	PCI	Petroceltic International PLC	102.61	porky, sinead33, Testex, griffon

Superrod

The girlfriend does the gardening so I am no expert but where do potatoes come from if not from the year before? There is no such thing as potato seed that I am aware of, its the 'eyes' of the previous years potatoes that throw off shoots that grow the year after while the old potato withers, isn't that so?

Return on investment seems to be about 1000%, ie 10 spuds for every one planted, tax free.

So it seems to me the stock market is a better investment than planting potatoes if

1. you don't own a reasonable patch of land,

2. food costs are insignificant compared to the return on your shares.

For somebody with 5000 to invest a year's food bills could be say 50 weeks * 20 = 1000, ball park figure, and one good share like my pet Antonov in his 5*1000 would give a return say 100%, ie 1000.

So we are talking risky stuff in the stock market compared to a pretty safe return. I'm not saying don't do the stock market, I'm here myself. But take the easy riskless returns first. 100%-ish on Antonov and hopefully more to come is not going to happen as regularly as a potato crop.

Newby1066.

With your background, why not stand as an Independent candidate for Houses of P. or even THE EU. Pays good, rewards high and there is plenty of free time to concentrate on the Stock market.

Seriously though, with your background, initially concentrate on finding companies in electronics, education etc. which is related to your knowledge. (Stick with things you know about, rather than talk or hear talk about.) For you buying a company is similar to a farmer buying a field, it is generally worth to him, only what he can produce from it, or rent it for.

Sometimes he may plant a good crop, sometimes a bad crop, sometimes it rains when it shouldn't. At the end of the year he hopes to make more than what he could have made on it if he had invested in a bond or bank account.

The same goes for a company, it is a good company when it is either earning more that the current interest rate + inflation or has the potential many times over to do so. (That is the gamble or risk factors come into play.)

Read Jim Slaters books Basic books on the ZULU PRINCIPLE. I think these contain good basic knowledge of company fundamentals and written in a very clear, quite entertaining way.

Get Technical Analysis for Dummies by Barbara Rockefeller. This like the other Dummies books is well written and not overplaying the bases, concepts or results from TA.
(I dont know a lot about charting or its principles but since using Moneyman and reading this book for the Fourth Time (I am a very slow learner) I have become fascinated by some of its concepts and I think charting will become more and more useful for me, in finding trending shares and timing buys and sells.)

Also, if you buy shares, which have a good fundamental analysis, and a good trend you will be less likely to by a dud, if you are following the graphs, and also buy and sell at a more appropriate times.
Once in profit, which covers dealing costs ie. spread and contract charges and 0.5% (double this if you are going to buy another share) set a sensible automatic stop loss which, protects your profit for next time. (Sometimes you will curse the stop loss, but if you look at the end of the year, probably you will thank your self for doing so. Egs. BPRG, RTD, TFC ETC.)

Setting the correct stop loss is the problem.

Initially, if you wish to trade in and out, use the bigger companies with smaller spreads and larger Normal market sizes. Follow their trends. (Smaller but more reliable gains, which mount up over the year.) (If you made a mistake on the Fundamentals you are more likely to recover or at least get out with smaller losses.) (Cut your losses and let your profits run.)
Aim to make 50% or more a year, but be satisfied with 10 15%.
I personally use Comdirect and Barclays for dealing and though I was a little disgruntled by Barclays initially, after it took over C Schwab, but now I am more satisfied.

Dealing costs for both are about 12.50, with Barclays the fees drop to 7.50 after a certain number of deals.

Both companies have good research facilities and Comdirect allows automatic Stop Losses. Barclays is said to be introducing these within the next few months. (GOOOOOOD)

Another tip is plonk some of you kitty in ISAs. It simplifies your tax returns and if you are lucky save you some capital gains in the future. Unfortunately, this prevents you from trading AIM and OFFEX Gambles with this money. (A SIPP (Comdirect) will allow you to trade a greater variety of securities, and you have immediately gained 20+ % on your initial investment, the problem is you cant get at the money until you are ?55 and then only 25%. (There are, I believe, some fiddles around this.)

Bear in mind what ever you do in life should be fun, the stock market is a game and the more you read the more you think the greater will become yours skill and hopefully rewards. I have found and still find it fascinating.


THE OTHER THING IF YOU SEE A SHARE TIPPED, CHECK ITS FUNDAMENTALS, WAIT AND SEE, FOLLOW THE GRAPHS FOR A WEEK OR MONTH or LONGER. IF THE SHARE IS GOOD NOW, IT SHOULD GOOD THEN!!!!! You will have lost nothing and if it is good and you buy later you will only make a little less.

A good software package for analysis, I think along with others is Sharescope although COMDIRECT DOES have good online Graphics but I think Broad Band is necessary to make it useful.


DYOR




Now I would like some help.


I have of recent started flirting with Data Mining Feature of Sharescope, filtering on various criteria for shares which may be useful at some time in the future. (Watch and Wait.)

My problem is that I am beginning to use more and more PEs,ROCE, ROC, PEG, etc. as a method of evaluating companies, but the program at the moment does not provide "norms" or "averages" values for the different Sectors.

Does anybody know of an Internet Site from where I could extract this information? Or have other Ideas where it can be gained from without having to key it in from FT ETC.

Fred1New - company refs evaluate each company against the market in general and against their own specific sector. Contact me and I will mail you an example. They don't actually give the underlying numbers but an 'at a glance' comparison.

I too would be interested if anyone can give a source for the underlying data.

Newby1066 - If you drop me a line I'll talk you through the practicalities of running an account as best I know how. (I'm not punting for your business)

Regards

38

38, thankyou, Have E-mail you. But think I have a solution.

Buy/Sell antique silver cutlery.Capital virtually guaranteed i.e.low downside/
high upside.
rgds aj