bosley
- 20 Feb 2004 09:34
hewittalan6
- 31 Jul 2006 09:54
- 18122 of 27111
LOL......
aldwickk
- 31 Jul 2006 10:03
- 18123 of 27111
Geekman,
You are beginning to sound like hewittalan6, '' more upside than downside '' thats because the price is below 5p bid, LOL
Oilywag
- 31 Jul 2006 10:46
- 18124 of 27111
This extracted from Evil's e-mail received this morning.
"I am asked why shares in Stanelco (SEO) of which I am long have fallen sharply. I do not know. I feel a bit of a twit for going long having shorted the shares very successfully. No doubt comrade Legg is already digging out his green biro to remind me of page 112 of the Good Book* and how those who sin by diverging from the true path will receive punishment in this life. I fear that my latest liaison with a blue-sky stock with no asset backing is indeed just such an unoriginal (on my part) sin. I really haven't a clue what is going on."
I assume that the "Good Book" is Evil's own bible on investment strategy of which we all have as bedtime reading.
I doubt that even Evil would tempt fate by going short on this stock now, having fallen so much in the last three months, given the possibility of a sharp rise on the back of any contract news.
The oily one
hewittalan6
- 31 Jul 2006 10:50
- 18125 of 27111
With a stock like this, the real danger, for mortal investers, is selling out now and buying back in when the charts / news etc. tell us to.
The result is to lose two sets of commission / dealing fees, one lot of stamp duty and two lots of Bid/Offer spread.
i can't justify that when my feeling is that when it does move, it will move quickly.
Which way? Dunno. Neither does anyone else.
Alan
aldwickk
- 31 Jul 2006 11:00
- 18126 of 27111
Alan,
I agree its to late to sell now.
Mad Pad
- 31 Jul 2006 11:54
- 18127 of 27111
Boys you should read the FT great value at 1!!The Wallmart out of Germany and South Korea for that matter has been reported for days now and is the subject of the leader today.
hewittalan6
- 31 Jul 2006 12:02
- 18128 of 27111
To be honest, pad, i rarely read any newspaper, unless I can see it through the salt and vinegar.
Had I not been looking for a house, i would not have seen the Share tip in Saturdays paper, and Had I not been chatting to my imaginary friend, I would still be blissfully ignorant of WM selling up in Germany.
Alan
Mad Pad
- 31 Jul 2006 12:10
- 18129 of 27111
Alan,fair comment everyone to thier own.Really don't know what to do about this one got out @10.25p and unfortunatley can't see any good reason to get back in yet, if at all.Might as well go and back an outsider at the races.Good luck to those brave ones who still hold.
hewittalan6
- 31 Jul 2006 12:17
- 18130 of 27111
I wouldn't get back in myself at the mo, MP, but i would watch it like a hawk!!!
Thanks for the good luck message.
alan
bhunt1910
- 31 Jul 2006 12:28
- 18131 of 27111
Hi guys, not much time these days to chat - but still read this and the chaco thread avidly.
I got back into SEO today - not sure why - something in me water !!
Will have to wait and see if I am mad or a clairvoyant.
Regards to all the regulars - love the dialogue Alan - keep it up mate - brings a breath of fresh air.
Basa
hewittalan6
- 31 Jul 2006 12:30
- 18132 of 27111
Baza,
Where ya been?????
Love it when you get something in your water. At one stage this was a better indicator than any candle pattern or golden cross!!
Glad you're keeping well.
Alan
cynic
- 31 Jul 2006 14:18
- 18133 of 27111
ALAN ..... a very polite Q ...... let's assume you are right that SEO will come good eventually ..... surely, even when it does, it will happen in stages and thus will not rocket from the current 5p to say 25p (or even 15p) overnight, or even if it does, it should mean there is even better news to come ....... With that in mind, I ask the same as i did yesterday ...... At least for the time being, would your money not better employed elsewhere, with a watching brief on SEO so you can jump back in as soon s something truly seems to be happening?
hewittalan6
- 31 Jul 2006 14:35
- 18134 of 27111
Still think not, cynic.
Novice i aint, but my timing has a habit of being atrocious. i take comfort in the fact that research shows that on average, timing out and back in again is a sure fire losing strategy. Can't remember where I read it but a weighted study of professional fund managers and investers showed it to be the case that timing the market led to increased costs that outweighed the increased returns.
Even with a fairly tight spread, as SEO has at the moment of about 1% means a large drop in value.
100k sold, bought in to another stock, sold from that and then bought back into an unchanged SEO would present a bill of about 4%+. My issue is that the start of an SP change could be any day now, so to sell, reinvest, sell and reinvest agian would effectively knock my holding down by 4%, if i got back in before the news that i hope will come. if it were after then I may lose 8 or 9% of my holding. To make the gamble worthwhile requires a stock that I can be certain will make 10%+ in a matter of a few days, and I am afraid if that stock existed, then we would all be in it already and the price hike would have gone!!
This is what I mean when I say that one needs to know strategies, aims and personal circumstances before judging whether someone is right or wrong to buy /sell /hold.
In April I posted a report on my 12 months and how it had been on the NOWT thread. You would see from that that I had a bad 12 months due to trying to time it (and going too heavy on the minnows) and that I declared then my intention to go back to my tried and trusted formula. In a nutshell, the bulk of my investing is handled by professionals. The remaining part of my portfolio is largely in blue chips and my "gambling money" comes form top slicing the blue chips and non-reinvested dividends, so it is almost free money.
That is a polite answer to the question.
Alan
aldwickk
- 31 Jul 2006 14:42
- 18135 of 27111
Yes Alan, thats what i have been telling you but its to late now, you should have sold at 16p.
cynic
- 31 Jul 2006 14:44
- 18136 of 27111
As you know, I am no fan of this stock .... In fact all I know is that they (hope to) make biodegradable clingfilm ...... I only follow vaguely because I am totally bemused by the huge volume of posts for a company that, certainly at first glance, seems to have failed to deliver every time.
hewittalan6
- 31 Jul 2006 14:45
- 18137 of 27111
Just as a BTW, Bos (cos I know you read this). Back to charting. Have a look at one I have banged on about for a while, HYC. Dead cross at the end of June and a near vertical 25% rise since then.
I don't doubt charting, but it's not the philosophers stone!!!
Whatever works for you?
Alan
hewittalan6
- 31 Jul 2006 14:49
- 18138 of 27111
Wonder what language he speaks?? (not you Cynic)
Can't possibly be English, because he misreads everything ever posted.
Whichever week it is that you get a use of the family braincell, come back on the board and read it again.
In the meantime, grab the OED and look up "gambling", "atrotious" and "free".
You might then understand the underlying philosophy of my investment practice, why it has workd so well in the past and why I don't give a gnats if the SP ends up at -1!!!
Some people really are very dense. this ones so dense he's probably got his own gravity.
aldwickk
- 31 Jul 2006 14:52
- 18139 of 27111
''weighted study of professional fund managers and investers showed it to be the case that timing the market led to increased costs that outweighed the increased returns.''
They were referring to the market as a whole not to a individual share.
automatic
- 31 Jul 2006 14:56
- 18140 of 27111
cynic
you say your no fan of SEO, then what the hell you doing on this BB then, is your life so boreing , you don't hold yet you want to give others advice??get out of here