Thought some of you more 'experienced' boys and girls might like a novice's perspective, (or perhaps you don't!). For the record I started investing last October, without the aid of MoneyAM and managed to pick a couple of stocks that actually made some money, (CNE/IEN). Building on these small successes I decided to subscribe to MoneyAM, (and by default the website), where I can now draw on the expertise of hundreds of kindred souls, (retirement asap).

Only problem is, is that there seem to be so few who actually know what they are talking about. Conversely there appears to be loads who do not. My point being that I have lost money since 'listening' to others. Yes, I do my own research, but let's be honest, some of these threads have so much research, there appear to be little left to do. I accept the decisions are mine and I am not moaning about the current lack of results, more the difficulty of separating the chaff from the wheat. We have rampers and de-rampers, cliques with acolytes, those without a clue, (probably me), and downright nutters who should be locked up. I have to say I enjoy reading the threads, there are some desperate people out there seemingly willing to say anything, (without any qualified research), to achieve their aims.

My advice to newbies though, is don't believe what every poster posts, chances are they have their own agenda, take time to read the threads and try and find out who the good guys, (and girls) are. They are there.

Meanwhile I am having a great time, I just wish I could have latched onto Trading Sports, great call Legend! Jealous as ****.

Happy investing and DYOR

Regards

PTH

BB's are mostly about takers, not givers. Most folks come for the first time with a back-of-the-mind expectation about latching onto the "hot one". It's the basic herding principle.

People go into a position and then ramp (even using Fundies) to get others to buy the stock to push the price up. When the original ramper gets his exit point he sells and smiles all the way to the bank. Which leaves the herd staring at a falling price.

Use BB's for general info sharing. Don't use them for stock tips.
TES is the only exception I've seen to this for a long, long time. So that makes my initial point invalid doesn't it. LOL
In all seriousness, TES is a rare beast, it's nowhere near the norm.

I'm back to the Traders room chaps - later..

Big Al

Have had a quick look at PRE, as you say similar to SEY. Can't for the life of me think why people are selling SEY, but they must think they have their reasons.

Another to look at is probably WTE. I imagine that this is significant, although not too sure why, but they have only 14 mill issued shares, so any small trades appear to have an effect on the SP. I am sure someone will be able to enlighten me. I imagine oil will be discovered in the Falklands one day, I was there when a previous exploration took place, but not a sniff from that one.

Regards

PTH

PTH

I think it might have been seawallwalker who was on about PRE.

Are you in the oil business?

Al

PTH, good points and always an awkward one to judge, there is always the one who thinks the share will recover and look to bottom feed, the ones who never give share up, sorry to say I am in that category with Matrix could have sold a couple of times and bought back in but I think it will rise higher so have held. Mind you am well in profit. There are also the out and out rampers, and of course the idiots. I think the problem is most want to use the BB as a method of enforcing or supporting their views, this helps justify the positionor thoughts thay have. This attracts like minded and before you know it the analysis has been lost and it becomes a mutual appreciation society and probably lead the thread that way. For the poor person who joins it later all he sees are glowing views ans small chat. But I suppose that is the way of the world and as long as we are aware that is OK. LOL, IMO

Al

Yep, sorry it was Seawallwalker, my apologies.

Regarding employment, no, unfortumately not in the oil business, I am sure if I was I would probably be retired by now. I work for the MOD and was in the Falklands some years ago when an exploration was conducted. Lots of excitement in the Islands as I recall, oil is more interesting than sheep. But if you want a cynical view, (Falkands conflict),I think the then Govt recognised the possibilty of oil in the region, so in addition to remaining in power, (successful war), they thought they might be adding oil reserves! If only someone could find it!!

Enjoyed my golf today a lot more than my shares, have picked a tough year to start investing. Oh well, see what tomorrow brings. More golf I think

Regards

PTH

PH.

I enjoy dog walking more than golf.

My handicap is less than 12 nowadays.

What do you want to know in relation to SEY and PRE?

Just saw the Falklands bit!!

FOG.l

Hardaman HNR may be a good lead for you.

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