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

ptholden

Well said I could not have put it better myself.

Good luck

Hey pt

I think you are in the wrong room.

Most people in here are amateurs and probably know that.

The Traders next door are the experts.

We in here are no hopers, who hope to make a fortune.

Work that one out!!

Oh todays amateur tip is buy SEY and make a fortune in the short term.

Know what price to pay and when to sell, or else ask!

ptholden

This is indeed a weird and wonderful world. I first went though it about 7 years ago and your story is rather familiar. Some BB's and some threads are worse than others as I'm sure you are finding out.

All I can say is you have to stick with your own ideas and research. It is very difficult when you start - I too got lucky first off in that I split my meagre dosh between two companies, both of which headed north and did well. Things inevitably declined, strangely the more I learnt, the worse I got, but then things turned once more! ;-)

You will find that the free BB's often attract those that have other agendas, but equally there are those who know their stuff. The problem you have identified is that many fail to realise a bad investment and hang on indefinitely. I've seen so much tripe posted on the prospects of this or that company simply because the poster cannot accept they are wrong and that then leads others down the path who do not know better.

My advice is to hang around everywhere, but you must make decisions on your own regardles of the writings of others. You will also find that many "pay" bb's are for traders as opposed to invesotrs. It might be worth a look if you wish to move in that direction.

Not sure "The Traders", as referred to by seawallwalker, are experts. Everyone loses money at some point, as well as making it. The difference might be when to recognise when you are wrong and bin it!

Either way, check out all sites. It's fun!

Al
;-)

Seawall

Thanks for the tip, although I bought SEY about 5 months ago. I seem to have had a bit of luck when it comes to picking stocks that are subsequently touted as 'Play of the Week' by MoneyAM, I think 4 so far; banged out of IEN at nearly the top, one of my better decisions, buying ZOO at nearly the peak, was not. Having said all of that this is all most certainly a waiting game, patience, patience. Have a look at OMH, results out Aug 06, might not be earth shattering, but like SEY good long term prospects.

Big Al

You are absolutley right when you say stick with your own ideas and research, I am now back to doing just that, but using the BBs to give me an initial steer.

But every now and then you have to go on instinct, however ill founded. Took a risk with BGY, and have walked away with a good profit.

I learn more about my fellow posters everyday, reading and research is certainly key to success. And as you say its good fun.

Good luck and by the way I agree, (for what it is worth), that QTR looks rubbish. Entertaining thread though.

Regards

PTH

PTH

I trade more than invest. Fundamentals mean little to me. Tried that and didn't do too well.

You've obviously read the QTR thread! You might note all the bears are long serving traders/investors! You've obviously done your own research there! ;-))

You will find some one comes up with a beauty now and again so it is worth keeping an eye on things.

Best of luck.

ptholden bbs,,,,,,, a bit like first day at school,you think you no what to expect,but its not what you thought,,and when it comes to making your way in life you find out what people have told you,,,,,,, is practically useless , enjoy the ride.


spot on seawallwalker on sainsburys .

Dave sainsbury are easy.

Watch Rentokil.

The break up will happen within 6 months, or there will be a management buy out.


Buy in cheaper than 142p as I have seen price targets of 120p here and there so I think it will go that way.

Sorry pt hijacked your board for a mo.

Glad you got SEY.

I have hedged with PRE as well similar price similar prospects, some partnerships with SEY, smaller cap.

I also bought TTH twice now, sold on profit just before Ex Div. now in again but wait for a price cheaper that 8p ask price. Waiting game will pay off long term. They are up and comers, if they are not bought first.

I will look at OMH now, thanks.

OMH looks good on first glance.

Lots of good news in many areas.

Think I will have a few on Monday.

seawall,whats your thoughts on brjk a recent buyer myself new format stores going well,long term 12/18 months me thinks.

Move off this Thread Dave.

PH wants comment on his observations.

!!!!!!!

That told you Dave!! LOL

And another thing!!

It may be my imagination, but there seems to be quite a few posters who are chasing companies that have previously been successful with a much higher SP to match, who have now fallen on hard times and therefore must be a bargain buy. Obviously everyone is searching for that 'killer' share, but just because they have fallen 95%, this doesn't mean that they can't fall the other 4.99%. I would imagine that if a company is going to reverse its fortunes there has to be some indicators that they are capable of doing this, not all these threads appear to reflect that all important ingredient.

Whooops, just fallen off my soap box!

Regards

PTH

see what you mean pth , myself i would never buy a share that has lost 95 % of its value,i think you would need to be locked for your own safety.as to people who buy holding in hope of better times ahead,not allways an important issue.
you show me a fat capitalist,who pays top whack for company,and i`ll show you a flying big!!!!!!!!
whoops ,sorry just fallen off my box now,i do see your point .

i think it must be the shopkeeper in me,,,,,,regards dave.

pth

You display a very good attitude for a "newbie". I'm impressed.

Big Al

Thanks for the comment but........

I have to confess I have been doing this for nearly a year, although I'be been away for four months and haven't touched a share in that time. Down on paper, but up in real money. This is becoming my second love behind golf. Problem is that it is becoming a tad addictive, and I don't mean Tadpoles!

I'm guessing that VOD will be a good short tomorrow, (neck on line), but no money on this yet. Easy to be wrong when there is no money at stake.

Looking forward tomorrow I might break 80 yet and I might buy some more shares.

Regards

PTH

PTH

you certainly have the right attitude - golf first, shares later!!!

Believe me breaking 80 is a lot easier than making money in this game. Welcome to the board.

PH it was PRE not PNE as stated till I rectified it!

Pan Andean

I bought in to Osmatech.

Great prospects I think.

Director buys in more expensive than me, must be a good punt.

Thanks

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