This is all very sound advice. But lets assume I can afford to loose 5k.

When shares tips a share the next morning it goes up. How can I buy the share first thing in the morning at yesterdays closing price or can i pick it up so that i catch it on the way up.

For instance say joe bloggs closed yesterday at 6.5p. But jumps up to 9.5p in the next morning.

Now can I buy the share as it goes i.e at 7p or is the opening price the best i will get even if i put in a limit order

You shouldn't buy a share because it is tipped in a magazine. And if you wait, more than likely the share price will fall back anyway.

If you use CFDs you can buy in the opening auction pre-market, but not necessarily at the previous close price.

Thanks Jumpin, but no I don't work out little things like that. I know to you experts its possible but my experience is the market never does what you think so why predict. Didn't do anything this morning just research. Been looking at a new issue Central African Gold, Phil Edmonds is Chairman, is he same guy that launched CFM? If so that went from to 3.25 to 9.5 in a year. (I know, bit long for me). Appreciate any info if known??

ps. thesaurus - Assuming you could afford to lose 5k. My suggestion, go to option 1. of 38's thread, forget that you don't know me (and that love stuff) and buy me..........
Failing that, have fun 'playing' the market.

amberjane,

The company of which Phil Edmonds is Chairman is Southern African Resources (SFU). They were tipped as an accumulate in Shares Mag Oct last year at 4p, they are 33p today. Should have bought some. Never mind!!

Hope this helps

Rgds

PTH

tempting offer amberjane

Check out some details for DTC, Thesaurus. You could have lost a packet if you had held these early last year or before or take a look at TWT. It is very,VERY easy to lose your cash and your confidence if you try to make a quick buck (or Pound). Be cautious and always do thorough research yourself. Remember opinions are just that and even 'experts' get it wrong (remember Norman Lamont and our lost Billions!). Be careful.

You'll never know which was more exciting!! Oh well such is life. (told you I liked 'high' risk) Hope playing the market doesn't prove tooooo painfull. Good Luck.

ps. Although my 2 high risk shares are soaring...didn't tell you about the 6 that are down..time will tell, I still have faith.

Regards, AJ

ptholden

No it didn't help, it hurt! I didn't buy either. Still is it the same guy for this new company?

Regards, AJ

amberjane,

Out of curiosity, what attracted you to Petra and Central African? Was it Shares rag, or something else?

Hilary,

DAILY MAIL!! That's how I got started with their tips. Not been so succesful with the ones I've picked from Shares so far although I nearly went for Tadpole!!!

Interesting, amberjane, thanks.

Invest 2,500 in high risk /Cash 2,500 ?
rgds

Daily Mail! One of the members of the investment club i'm involved used to suggest tips from the daily mail - and every has done really badly including 4 wipe outs! I managed to stop the other members going along with tips for the last 18 months and the worse share is down 4%, the best is up over 40% and we have been able to take profit (through stop loss) on 2 shares. I should sit down and work out how much we are up overall............

Amazing, it's only been 12 months not 18 month and the portfolio is 40% higher than the cash added to the account (received a few dividends too!) Not bad for a very conservative portfolio based partly on high dividend return.

thesaurus. The answer to your last question about buying first thing in the morning at the previous day's (lower) closing price (or somewhere near it) is that you can't. If you could everyone would do it. However you can frequently buy early (after the auction finishes at 8 am) and take a chance on it rising more during the morning. Not everyone is able to ring their broker up at 7.45 am and leave instructions to buy first thing - some can't buy until they get to work; even more don't know the price has risen until they get home that night -then there's possibly another rise next day.

Believe me there are no easy short-cuts. As Zarif says you can't make an omlette without breaking eggs. You've got to take a chance.

thesaurus
I have been reading this thread out of general interest and I have come to the conclusion that it must be a bit of a wind up.
Buying today at yesterdays prices!!! Wouldnt we all be just a little bit richer if we could. It would be something like filling the football coupons in after the matches had finished.
If you are serious I respectfully suggest that you should put your money in the bank, if not its been quite a good laugh.
optomistic

Could be a wind up.

Never in the field of investment management has so much advice been offered by so many for so little money. (Not Churchill) However, It's now time to sh@t or get off the pot. (Stormin Norm') So, Accept the challenge, and feel the exhileration of victory. (Patton) All I can promise you is Blood Sweat Toil and Tears. (Definitely Churchill) Drop me a line and I'll make arrangements to take custody of your 5k and buy you some stock. (38) I'm sorry this letter is so long, I didn't have time to make it shorter. (Wilde)

Love

38

Edit: The Bank and the 3.40 at newmarket are still my prefered options

Apologies "38" but I believe I have first dibs on the 5k. PS- are we talking H.Norman Schwartzkopf JUNIOR or SENIOR?

38-20!!!! It's your fault. You made me fall off my chair and hurt my hand. Now, my ribs are moving in tune with the throb.

Namreh, you take 2 1/2 and I'll take 2 1/2. Done ?

bonn1e, Que ?