Tanfield Group is the new company name of Comeleon. As I understand it, Comoleon was getting into trouble so TAN (paerent company?) took over. Since this has happened the share price has dropped by 0.25p each day for the last week or so (on average) and are now around the 3p mark with very little activity.

Does anyone know much about this company or previously held stock in Comeleon? There is virtually no info out there other than on the company website.

cheers

Mike

Ta skinny :-)

Stopped out at 140.5p for 12p gain , oh well.

Thought you were down the pub :-)

;-)))

Happy days again, what a difference a few hrs makes in this game. Thanks to the federal reserve I can sleep better over the weekend. I may have lost a big chunk of my wealth on this one lately but I kept my nerve and held onto the lot. Not saying were out of the woods by a long shot. Happy for the time being :))

Good luck all and have a good weekend.

before you sleep too easily, read post 1016 in Dubious Sell-off for clarification as to what has really happened

Hi cynic, I only said I would sleep "better over the weekend" I would rather run the risk
of investing in stocks that I feel will benefit me in the longer term rather than leave my doe in a savings account regardless of the markets volatility. And I certainly feel TAN fits the profile. I will not deny that I haven't been prone to the odd skid mark or two and I have no doubt there will be more to come in the days, weeks, months ahead.

Thanks anyway for pointing me to your post. As I have said in previous posts I'm a fledgling investor I have a lot to learn and will try to absorb any advice I deem pertinent as I still have a very long way to go.

does your "doe" have wonderful almond-shaped eyes?

Yes, And hopefully santa and his reindeer will arrive come December with a sled full of cash for me ;)

Lankin,

I think it is best to stick to shares before dabbling in Share bets.
At least until you think you know how the market works an then realise you don't and as of this moment nobody really knows what is going on and hoping the know which way the sheep are going to bolt.

The reason for sticking to shares is that it usually takes longer to go bust and after notice the pain of losing and after a while of recognising your mistakes and bailing out early before to much damage has been done.

Also, to trade derivatives on margin successfully you have to be exceptionally discipline or bloody lucky.

.

Lankin,

I think it is best to stick to shares before dabbling in Share bets.
At least until you think you know how the market works an then realise you don't and as of this moment nobody really knows what is going on and are hoping they know which way the other sheep are going to bolt.

The reason for sticking to shares is that it usually takes longer to go bust and after a while begin to notice the pain of losing a little earlier admitting your mistakes to yourself and bailing out early before too much damage has been done.

Also, to trade derivatives on margin successfully you have to be exceptionally discipline or bloody lucky.

Perhaps, it is worth being paranoid enough, to wake up in the morning and think the bookies are out to get you.

Hi Fred1new,

I haven't ventured into spread-betting territory as of yet. That may change in the future. I have already suffered losses in my first year of investing e.g. Torex Retail so I have experienced pain quite early on unfortunately and I'll hopefully learn from that costly mistake :-(

Thanks,

Ian

Don't know what others think but personally loosing money has been the most effective thing in my learning process in share dealing....it's also the most painfull!

Good Luck.

Its the only way to learn Stan but those that do can prosper.

Good luck.

I would recommend the naked trader, followed by the financial spreadbetting handbook, followed by the uktrader's bible, and then trading long and short with a degree of caution. Direct market access cfd's are the way to go for short term trading but spread betting is easier and you can use smaller stakes when starting out.

running a dummy portfolio is not bad either, though it lacks the tension and emotional issues of reality

This is the TAN thread. But so what!!!!

Lan,

Apologies I thought you were considering using leverage "betting".

But if you are new to this game (which is fascinating), for a while, stick to the FTSE 350 initially.

Within that group there are many companies whose share prices are increasing by over 50% pa. The values of the companies may not be doings so, but the punters think they are and so the share price goes up until they go down.

This group is more likely to have their books examined and more likely to have their fundamentals carefully examined.

Don't necessarily believe them. (I have just been burnt a little by CART).

Avoid companies without positive cash flow and dont get caught up with the good ideas and prospects a company have. Look at their cash register. I have been burnt numerous times and still occasionally get caught.

Get yourself an end of the day package like Sharescope, which gives you a decent charting and fundamentals and end of the day data at a reasonable price, allowing you to follow your gambles closely. The package will save you more money than its costs.

Any tips you are given or read about, check the charts before you buy. Check the fundamentals to see if they support the chart.

Check the RNS etc. the data mining package on the packages will allow you to filter trending shares to follow them adequately.

Get Jim Slater's Books and TA for Dummies. Barbara Rockefeller. All reasonably priced and informative.

Don't be sucked in by tips on the boards, many posters have vestige interests.

Check the NMS and SPREADS before you buy, as you may need to escape.

There are threads with a list of books etc..

Books are cheaper than workshops, often better thought out and you can use them as references whenever you want to.


When you make your fortune, send me a buck or two, I may need them.

8-)

You read Tutle Traders by Curtis Strange Fred ?

I'm working on a mechanical system for fx and commodities , only tested it on GBP/USD and so far so good.

I'll sell it to you when I've made a million :-)


Back to TAN , still look way undervalued on a long term view so happy to trade on the long side at these levels. May look to get back in sub 135p if they fall back again.

Dil, Not yet, but may see if I can get it thro' ABE second hand.

But I use channels for trend following and try to deal within them. But my problem is over ruling the system and common sense.

Tan, I hope it lives up to its projection as it is my biggest holds. My anxiety with them, is whether they can keep up with the necessary production to sustain the cash flow.

From their press releases they seem to be doing the right things.