any comments, thoughts, on this stock.

Cynic Re: your Question Post 281.

Mitzy, Strawbs and Aldwick elude to the answer.

As we know the first rule in financial life is to protect the downside (out capital), so with this in mind.

The definition that I tend to agree with goes something like this.

Gambling = when you put X amount on the say a horse to win and you lose, you loose "100%" of your stake.

Risk Taking = when you put X on say a share you can limit your loss to considerably "less" then "100%" of your stake.

It's your ability to limit your losses once the stake has been placed and while the position is open which defines the difference.

Thats my view anyway )-:

it's a nice philosphical view .... my opinion, is that gambling on horses or backing your wits when playing either poker or buying shares are ALL gambling ..... if it suits your mentality, you can shade it any which way you like, but in the end, you are still putting down money against certain unknowns in the hope that you have called correctly.

I think Cynic could be right in regards to the next direction of the price. It's often the case that when you think things can only get worse they in fact get better, and just as you think things are getting better, they suddenly get a whole lot worse. Two shares that spring to mind are Yell and Jessops. You can see in both charts how they bounced off the bottom from a big drop, but once the bounce was over the price continued South. Whilst all shares are different, I wouldn't necessarily get your hopes up for a large scale recovery. No doubt there's money to be made and lost for traders and gamblers though. :-) In my opinion.... Strawbs.

Looks like things have got worse!

Looks like things have got worse!

serves me right for not obeying the discpline! ...... is NRK really going to <100 or even <50 in double-quick time?

Hopefully people recognise from the charts posted above that when a share price falls by a large margin, it normaly continues in that direction, even if it bounces slightly on the way down. If you pick the bottom you might get a small profit from the bounce, if you don't it could be an expensive mistake. In my opinion.....

Strawbs.

I'm happy with Friday's purchase ATM. ;-0

Looks to have recovered some what. I guess without external events, it's now a battle of who has more money.....the bears or the bulls...

Strawbs.

Sumfin's up. ;-))

Looks like the shorters have turned on Wolseley instead!

Oh whats going on? lol

Hmmmmmm

Behaving like the Dow on a manic day

exception that proves the rule! ...... as it happens, totally wrong call to have cut my losses, but bounce unlikely to last as Strawbs says

Depends if there is long buying that will squeeze the shorters even more. We already know that some hedge funds have taken a longer view.

I may get some of these at 150p

Depends on whether there is other long buying by hedge funds that may squeeze the shorters further. Too hard to call.

the brave and fleet of foot could have made a bundle today ...... not me i am sorry to say!

;-0