bosley
- 20 Feb 2004 09:34
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
Chiva20
- 19 Apr 2005 16:37
- 3124 of 27111
Very true. You actually made me laugh there driver! Just to add to Baza's comments, even though it is pricey to go guaranteed stop loss I'd stick with them. Much better - you know what you're risking - always best.
bosley
- 19 Apr 2005 18:38
- 3127 of 27111
cheers for the advice fellas. nice to see the price push up . and we have a new pope. all is well.
chiva, baza, guaranteed stop losses are for girls!!!!:)
EWRobson
- 19 Apr 2005 21:06
- 3128 of 27111
Well, perhaps chiva, baza are girls. Mind the girls like dynamite, moneyplus could have more guts than many of the fellas - at least they have savvy, nose, whatever.
bos, feeling wiser? Perhaps gf is an expert but I am still on the learning curve afer coming up six months. I've twice been up 300%, then back to break-even; at present up about 100% with losses on NLR, YOO and BGT offsetting my SEO gains. Lessons learnt (so far):
(1) Be certain that the upside:downside risk is at least 3:1. Obviusly I am down on the 3 positions quoted because the whole market has moved down and you need to take that into account.
(2) Keep a positive cash position so that you can unwind if necessary. Keep a positive open position ( a bit more technical) with something to spare.
(3) I am keeping SEO open for the duration. But generally, set your target and close the position when achieved.
(4) Accept that the advisor is paid commission on deals (as any broker) so take his advice with a pinch of salt.
(5) Only start in the first place if you are comfortable with risk - which means that you can lose more than the stake you have put in.
In the end of the day, the big advantage is the multiplier effect (the bigggest disadvantage can also be the multiplier effect). If I have 5K to invest in SEO in the market, then I can buy 24,000 shares. Or I can take out a CFD for 120,000 (5:1). Lets say the shares go up 20%, then I could take some profits by selling the shares. With the CFD my open position is up 100% or 5K. I can re-invest that without closing the CFD. I could buy more SEO - that is called building a pyramid and is mega-risky. But remember, the higher the risks, the greater the reward (if I had done that with SEO I would be able to retire if I wasn't already retired!).
Eric
andysmith
- 19 Apr 2005 21:17
- 3129 of 27111
Driver, Donny sounds OK for an SEO gathering, just up the road from my home town. Maybe we could tie it in with a Day At T' races as apparently we have taken the biggest gamble of our lives investing in SEO. Must have been mad buying a no-hope share from 4p!!! DID WE DO OUR OWN RESEARCH, like good boys and girls and did we have the audacity to believe this COULD be a winner, no!!.
Wait, hang-on, is that the folks with white coats at my door right now??? What, I've been conned by SEO RNS's into making a clucking big profit!!! and there's more to come!! and t' bloke from Asda is a lying twat as well, thats it I'll shop at Tesco!! What, there's more!! your joking, Concorde wasn't supersonic after all, it was Ultrasonic!!! but the supersonic makers nicked the patent and business first in an act of utmost deceipt and it should have failed and I can read all about on the internet at plonkertalkingshite.co.uk
To quote Jimmyb, Shares can go up as well as down.
bosley
- 19 Apr 2005 21:22
- 3130 of 27111
thanks again. btw , i was only joking about stop losses. i have been saved a few times by sticking to my stop loss. i understand the multiplyer effect, both ways, and i will be using stop losses. the last thing i want is to be like the guy on the bprg thread who said he had to now explain to his missus that he had lost 80k. if that was me, i think my girlfriend would have no hesitation in turning me into a girl...john wayne bobbit style!!!! ouch!!
bosley
- 19 Apr 2005 21:32
- 3131 of 27111
andy , i know what you mean. i cant believe i put my money into such a crap company!!!! it's got nothing going for it!!!!!! and i am now suffering severe profit.....
oh and your link doesnt work , for some reason.........
driver
- 19 Apr 2005 21:36
- 3133 of 27111
andy
You shouldnt put Web Site links on this board with out reading it all first yourself (misinformation) any way it didn't even work shame sounded like a good site. Heres one that does courtesy of bos from the other day.
http://rainbow.arch.scriptmania.com/rainbow_tv_episode.html
EWRobson
- 19 Apr 2005 21:41
- 3134 of 27111
I like it andysmith. Its not actually money that we've been earning, but fools' gold. Better swap for shares in the ultrasonic specialist company, SEOS (swallow 'e own shite!). Guaranteed to go down the pan, although may cause blockage on the way, particularly if passes insider on outside!
Think we should collect all this into a book and dedicate it to the much mourned insider outside, last seen passing into the stratospehere in Dynamited rocket, folowing the lift-off of SEO share price, multiplied 5 times by his shorts!
It may be that he's been squelched by the brave Ian Taylor, by the way; not even coming up on my screen, thank goodness.
Eric
bhunt1910
- 19 Apr 2005 22:06
- 3135 of 27111
Just a word of caution guys - before you make merry gloating over your successes. Remember - the game is not over yet - and there is still risk - albeit managed and small. Lets not get complacent - leastways - not until we get to 30p
Baza -
Ps - well maybe just a small celebration then
bhunt1910
- 19 Apr 2005 22:07
- 3136 of 27111
...and the dow finished nicely up 56
sleep tight
Baza
EWRobson
- 19 Apr 2005 22:11
- 3137 of 27111
Just posted on the NML site - counting diamonds tonight. Well, I can't even imagine an R/F unit, much less count the meat packages; although I can count the dosh! Yeah! a glass of Rioja before the sweet dreams. Cheers, baza, bos, andysmith, di, zzzzzzzzzzzzzzzzz
Fred1new
- 19 Apr 2005 23:43
- 3138 of 27111
I thought Rioja was out of fashion since John Arlot's Departure.
stockdog
- 19 Apr 2005 23:51
- 3139 of 27111
Sorry Fred1new, but talk about carbon dating!
Poverty
- 20 Apr 2005 01:08
- 3140 of 27111
Have you guys noticed how ineffectual Insider Imbecile's posts are on the share price!? He will have to find more dosh to short harder if he wants to have an effect.
Have you also noticed that he has appeared like a spook AFTER the BPRG meltdown last week!
Hmm. anyway business as usual and we are up again! Hurrah!
stockdog
- 20 Apr 2005 01:14
- 3141 of 27111
Reminds me of Oliver Postgate's Nordic epic - Nogginsider the Nog and his queen Shortharda. :)
I bet Fred1new remembers that an'all!
insiderinside
- 20 Apr 2005 01:31
- 3142 of 27111
Poverty - there is no intention of anything else that making people aware of another side of the fence - thats it - allowing them to read a different view - the truth is there for all to see - SEO will find its own price in the coming months - as I keep saying - there has to be news - has to be books opened at interims and prelims.