bosley
- 20 Feb 2004 09:34
016622
- 19 Apr 2005 14:51
- 3104 of 27111
(and place a decent stop)
bosley
- 19 Apr 2005 14:52
- 3105 of 27111
that's what i wanted to say before but instead it came out as ....who gives a sh*t?
Jacks
- 19 Apr 2005 14:53
- 3106 of 27111
Insider, where do you get your information? Your comments contradict everything thats been posted on this BB and the National Press. I work in the packaging industry and there is genuine excitment reagding SEO technology.
Biscuit
- 19 Apr 2005 15:05
- 3109 of 27111
What is the size restriction on buys at the minute? Interesting to see the 25k and 50k buys at 20.85.
Chiva20
- 19 Apr 2005 15:13
- 3110 of 27111
Driver, looks like my birthday has come early ..
bhunt1910
- 19 Apr 2005 15:18
- 3111 of 27111
I am being quoted 21 for 50,000 on Barclays SB
You can also get 21 for 100,000 on a limit order
Baza
jimmy b
- 19 Apr 2005 15:20
- 3112 of 27111
Naughty Naughty,we don't mention his name on here,he's nearly faded away..JB..
Biscuit
- 19 Apr 2005 15:23
- 3113 of 27111
Cheers Baza
bosley
- 19 Apr 2005 15:28
- 3114 of 27111
baza , just opened an account with barclays. i would be very grateful if you and eric , and anyone else who has experience of cfds, would email me with a step by step guide on dos and donts, ( me being a virgin ). thanks in advance.
ssanebs
- 19 Apr 2005 15:32
- 3115 of 27111
insider
why is the price going up. Strange?
bhunt1910
- 19 Apr 2005 15:43
- 3117 of 27111
Lets hope those shorters are feeling the heat ??
Baza
Jacks
- 19 Apr 2005 15:48
- 3118 of 27111
Sorry everybody. Should not have asked him any questions, I like you would rather him steer clear of this BB.
bhunt1910
- 19 Apr 2005 15:50
- 3119 of 27111
Bos - I think the biggest DO from my point of view s to watch your position like a hawk and never go away leaving an open position. The great advaantage of a CFD is that it can make you money 10 times quicker for the same outlay (or 5 times quicker in the case of SEO as the Notional Trading Requirement is 20% instead of 10%) BUT the big Risk is that if it goes against you - You will loose money 10 times quicker(5 times for SEO) - so you just need to keep a sharp eye.
Also if you are short and a dividend payment is due - you end up having to pay the dividend, similarly if you are long - you will receive it.
Plus I understand it can be painful financially if you have an open position and a rights issue is declared. Not sure I understand that one yet - but just be aware that any corporate action might hurt.
I bought my first CFD in SEO at 15 which is nice - but equally I bought a CFD in NLR at 530 - not so nice.
Good Luck - but be careful
Baza
Chiva20
- 19 Apr 2005 16:08
- 3120 of 27111
Wise words Baza, I'm a big fan of CFD's but they need constant religious attention. Much prefer them over traditional share buying & selling as the returns can be pretty amazing. To date I've not had one blow up in my face (luck rather than judgement I'm sure), however I'm know it will happen one day, as soon as I get cocky no doubt! All depends on the amount your prepared to lose so I would avoid the volatile stuff no matter how tempting. Great for relatively safe stocks like SEO.
Hope I'm not teaching you to suck eggs here, I'm very new to this (& love it), this is just a snippet of what I've learned.
bhunt1910
- 19 Apr 2005 16:21
- 3121 of 27111
Suck Eggs!!!- I have been trading CFD's for at least -ooh let me se - 4 weeks or so - so I have lots of experience - NOT. Am therefore a bit of a novice - so am treading carefully until I feel I fully unsderstand them.
I suspect Eric or GF are the experts
Baza
bhunt1910
- 19 Apr 2005 16:36
- 3123 of 27111
Driver - you can set stop losses - which means they will sell in the market as soon as the price hits the price you set - but if the price is moving fast - you may end up getting a price a lot lower that your stop loss
or
you can set a guaranteed stop loss - which means that you are guaranteed to get the price as soon as it hits it - and the stockbroker takes the risk. Each option costs a little bit more than just a straight placing.
I also gave out incorrect info last time - I said that deals were made at a fixed pricce of 17.50 - this was wrong - they are made at a cost of 0.15% with a minimum of 17.50 - apologise for that bit of misinformation.
Hope that helps
baza