Uche
- 12 Aug 2003 03:19
I've just graduated form the Uni. where I've done some research on daytrading activities. I feel this is the best time to give this a try as the bear market seemed partially over for now. Few questions - what is the best way for a novice like me to make a start ... and ... what is the minimum capital that I need to start - to know if it's within my reach.
petralva
- 13 Aug 2003 17:48
- 17 of 24
dnx is ticking over nicely not sure why though perhaps tightly held
cel bought these 2 years ago paid 18p and then dived down to about 9p,the company got there fingers burnt in s,america,its back up now and bought more about 5 months ago,these are for the long term,phtm what a star bought in at 74p
and with the new deal in poland a cash driven company i might sell these soon and take some profits,rtd at 4.4p and doing nicely for now,these are my best performers to date,xen is the only one which isnt bought in at 18,87p so off about 30% might get out when they come up again,and ofcourse seo,apart from csv,the other stocks arent really moving much maybe 5-10% looking at the mining stocks next fancy something in gold.how about you angi?
angi
- 14 Aug 2003 18:09
- 18 of 24
My star PRM is no longer a penny share but I still but/take profit. Recently I've bought SPS,NMT,SEO and RTD. SEO and NMT are long holds. I bought RTD last year and lost but sold up and I now think they've seen the bottom. I'm going to buy some BVC tomorrow as they've been stuck for a few days but started climbing again today.
Mining and gold? Are you thinking of MJX? I bought these several years ago at 19p and no matter who recommends them I will never buy again. I wish I'd had some ONX and FTO. Mining stocks do well at this time of year
petralva
- 14 Aug 2003 20:22
- 19 of 24
i fancy p hambro mining,the guy is well regarded in the city,and has had plenty of experience in the past,perhaps rio might bid for them?
i see a lot of sells for csv today,maybe time to get out? as for xen well,posted another loss today and wants to buy out ks bio,maybe time to get out and recoupe some of my money?.
angi
- 15 Aug 2003 01:47
- 20 of 24
Petralva
CSV's debt is horrendous, there were huge sales but a few buys too. Maybe they know something we don't. I can see this one going under if it doesn't improve quickly. As for XEN, it has some money (which it's going to spend puchasing KS Bio who also have a some of money) Together they might make a good team.
The only mining stock I know apart from the the big ones is Hunting. I think I've left it too late this year.
Uche, I hope you're benefitting from this chatter. I agree with what Petralva said about not risking any money you can't manage without.
petralva
- 15 Aug 2003 19:49
- 21 of 24
csv up another 18% not sure whats going on? shroeders are taking up a lot,perhaps because of the debt,they might be looking for a debt for equity swap in the next few weeks,thats if they can get 51% of the vote and force the banks to do something about it,and force it into admin,and then sell the remaining assets on,or something else? who knows im not an expert!.
bingobingham
- 15 Aug 2003 21:37
- 22 of 24
Uche,
I certainly don't agree with the statement "don't invest what you can't afford to lose". The likelyhood of you losing all your money, unless you are stupid, are pretty remote. As the saying goes "the trend is your friend" and "never catch falling knives" is actually a good strategy in pratice. Do your research and look at those charts! You MUST set tight stop losses!
Paul
angi
- 16 Aug 2003 12:51
- 23 of 24
Paul,
I have met several unfortunates who have lost money that they did not already own, buying or selling the stock market. None were happy bunnies, nor would I be. It's great taking risks and winning, but if you lose, it's a very uncomfortable feeling, and if you have borrowed the money you've not got just yourself to answer to. If you are single and have no children, there's still the bank/parent/sibling or whoever else leant you the money and what about loss of confidence. I know you can get out if you have a stop loss but the whole point of buying shares or shorting is that you have are confident about your reasons for action. I have not yet met anyone who bought shares of shorted in the hope of losing money.
Angi