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

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.

Dil, Did you mean Curtis Strange the golfer?

Ooo yeah , should have been Curtis M. Faith.

Dil,

Downloaded chapter 2 of Way of the Turtle and read it quickly.

Reminded me of workshops I use to go to in the 70s and 80s run by Americans coming over to Britain with a lot of hype coming before them, well advertised and slickly operated. (I was lucky and not paying the fees for attending myself.) Often there were joint speakers who heaped adulation on one another. When one stepped back, the ideas and theories pushed were appealing until one questioned how long they had been practising those methods, the numbers and the results and why if they were so successful why werent they practising them rather than making money out of them.
Another thing peculiar to some of those meetings was the age of the ministers at the prayer meetings was that it was very young and that they could not have had the time to practice what they were preaching.

Having said that, one generally came away with some new way of thinking about a topic.

Without reading the entire book it seems to be based on swing trading within channels and throwing in daily range movements of day on longer period movements.

If, when you have read it and want to get rid of it, I will buy the book off you at second hand price. (As long as it is within normal daily price range).

The thing I liked about the TA for Dummies books range, although I found the style initially irritating, is that they remove the hype and are at my level, ie. a dummy.


The longer I play this game, I feel the most important thing of all besides the picking of stock, is stopping your losses and protecting you winnings and being disciplined enough not to overrule you system for "market reasons". I wish I could remember an implement the latter consistently.


Let us not pray and hope TAN does the works. It improved my portfolios a lot in the past and I hope so in the future.

Been in and out again this morning for another 6p gain.

I'm keeping the book for reference sorry Fred.

I hear EK has just gone short on TAN saying its all "green hype"

in this instance, he's definitely a twerp ...... TAN's vehicles actually work and are in demand and they have a full order book etc etc ...... this company is very different from CWP which is fairly borderline stuff and the company still unproven

It is going to cost EK big time now...TAN is just starting to shoot upwards...good luck to EK!

Hi Cynic,know about you buying TAN.Did you buy shares in PET-Petrel Resources Fatastic AGM.Apologies for o/t feel more to come PET over the next few months holding 2-5 years.

struggling to break resistance at 150p, which after all was support level for a while on the way down. In the absence of a further sell off in the next few trading days, i would imagine it will fly past 150p, of course the same in reverse is true, a swift drop to 130p could also be on the cards in the event of further bad news from the states...

having tested 150p nearly every day and hastily retreated, could it be significant that finally it has closed just above... tomorrow will tell...

hi lex .... no i didn't, but I see PET has rocketed away .... good luck on that one .... for myself, am still trying to invest but cautiously for the nonce which means, in particular, avoiding E&P mining/oil stocks