Maggot
- 16 Feb 2009 11:39
- 8 of 10
If any of my poster friends read this they may like to copy it to the Trader's Room.
I have a mate whose wife used to work for TSB and they accumulated many thousands of TSB shares. A huge proportion of their savings is in them. He didn't take my advice to sell a load a couple of years ago when I sold most of my shares - he didn't believe they could possibly fall much. So he watched them drop from 6 to today's level, without selling ANY.
He even bought some more ten days ago when they went back up to 1 (I thought of ringing him to suggest he sell some at 1 but knew he wouldn't, so I didn't).
I have tried to console him by telling him that most people would have (and indeed have) done the same. But I know he will do the same next time. Why do people buy shares if they don't intend to make a profit on them by selling them?
Anyway, just sold some of my ASOS at 26% profit. Think they will probably keep rising, but I have learned my lesson not to be greedy. Always leave some for the next person!
Master RSI
- 16 Feb 2009 12:35
- 9 of 10
LUNCH TIME FUN
Some posters are better getting lost somewhere else ( chinesse delicatesen ) than in this page..........
Maggot is the common name of the larval phase of development in insects of the order Diptera (flies).
Sometimes the word is used to denote the larval stage of any insects.