Hi all
pretty new to all this. I have pumped some into Deltex - looks like a strong product with good growth. Could be a steady gainer.
Does anyone else have this, and anyone have some research on it? Someone with more experience than me!
thanks in advance.
Grajul

Arf Dysg - don't forget it is the sheep that allow you to buy in lower.

Skyhigh - awkward name to be attached to this share at present.

SD

DELTEX MEDICAL GROUP
(DEMG:AIM) 20.5p
Shares in Deltex are crashing, with its price chart looking like
the north side of the Eiger. We should have said sell after the
warnings on 17 December and 5 January. Tipped at 27.25p
on 7 October 2004 the shares promptly jumped to 33.5p
before collapsing after the warnings.
Smart investors would have sold at 27p for a small loss if
they followed our 20% trailing stop loss advice.
Deltex hopes to clinch sales of its cardiac monitoring
products to NHS hospitals but there are plenty of competing
devices which seem to have brighter prospects.
SELL

as per your request Stockdog

thanks, hampi-man - or rather, no thanks!

Glad I got out a few weeks ago with small loss!!! BUT still on my watchlist becuase IF and when the deals do come through DEMG should be successful if only they get their before the dosh and support runs out. Can't understand why not implemented when suggestion is that it could save NHS money and reduce waiting times!!! Then again, Blair thinks the NHS is just great and can't be improved by any other means than making us throw more of our income tax at it!!!

Hit my 33% stop loss - so I'm out at 16p.

Will try to buy in lower. Only has to fall to 15.5p to buy in again without loss.

I guess the chart support level of 8p ish is looking at least 50/50 - this sell off smacks of whispers in the wind of bad news on Tuesday.

I'm feeling very brave and grown up!

SD

Stockdog, if you want to a chance to get your profits back and wish to stay in medical, quickly get into MDW before it flies big-time. yesterday as ideal top-up, I thought about but didn't!!!!

thanks for the thought on MDW andysmith - with my usual timing the price has now gone up 1p

write out 500 times - buy low, sell high; buy low, sell high . . . .

SD

True stockdog but it flew beyond 11p a short-time ago when some thought deal would be announced with results. Once deals come through MDW should really take off. <10p is cheap IMO. DEMG worth keeping on your watchlist, its on mine

No, andysmith, I menat the price on DEMG had gone up since I sold at the very bottom of today's prices!

Looking at MDW - interesting. Will I make enough profit on the SP to pay for the equipment I'll need in my dotage?

Don't feel like rushing into anything too hastily, though.

SD

Shares Mag have a lot to answer for - tip it then slate it.

I seem to remember a phrase like "no 1 wealth creation stock" mentioned in the Shares mag article last year - certainly wasn't a wealth creation stock for me!!

Same 'ere as well. what a pile of sh*te shares mag are. same with RHPS as well. they were tipping it good with a target price of 70/80p !
The only only thing I can do now is to hang on and wait and hope that Deltex eventually does come good one way or another. keep smiling :)

I agree with these sentiments.

I also bought the stock in good faith, but with hindsight (what a wonderful thing!) everytime the share was mentioned some goon from Charles Stanley was available to highlight the growth potential. Like it's not in their interest to talk the stock up!

A broader spectrum of opinion is needed before I invest again in a shares 'Play of the Week'.

Feeling very sore this morning to see it rise of the florr where I finally sold out yesterday!

Watching to see what happens today.

Will this buck the trend and rise strongly on results next Tuesday - or is there more bad sentiment to be washed out of the SP - if the latter I sahll endeavour to buy in lower next week.

Tail between legs!

SD

Trouble is that those irresponsible people in Shares Mag state in issue 10 March " Deltex hopes to clinch sales of its cardiac monitoring products to NHS hospitals but there are plenty of competing devices which seem to have brighter prospects." If that were true, and it seems unlikely, then why did Shares Mag not say so when they made Deltex a "Play of the Week" I dont believe a word and I am staying - remember this is the NHS we are dealing with !!!!

Good luck Oakapples - wish I'd held on for that extra 15 minutes to see the price lift again, but a stop loss is a stop loss and on average it is the correct thing to do to stick to it. Unfortunately, for me this reduced my average this time round.

No mention in RHPSG email update today either where I was rather hoping to find inspiration.

Ah well, older and wiser - go the SEO!

SD

It's not the first time Shares mag has recommended something, then trashed it later. Examples: earthport(EPO), Polaron(POL), Adastra minerals(AAA was AMF), As Seen On Screen (ASOS). Situations change, market sentiment changes, prices go up and down.

EPO is particularly amusing since a member of Shares mag holds a lot of their shares. I wonder what sort of internal pain Shares mag suffered to write a SELL note for EPO. On second thoughts, not quite so amusing since I also have a lot of EPO shares.

The bottom line is that we all take responsibility for our own share-dealing decisions. In the last year I may have seen a hundred plays of the week (2 every week) and have bought maybe four of them. I chose to buy DEMG on long-term considerations and I chose to ignore Shares's current SELL note because that was based on short-term considerations, i.e. the current price. I may be right and I may be wrong but I don't believe in blindly following someone else's recommendations. I've bought and sold because I've chosen to so I accept the consequences.

I'm going to sit on the fence as i agree with both Arf Dysg and Oakapples142 to some extent. Deltex is the only share I have followed blindly and I have learnt my lesson.

I know with the magazine there is a balance between sensationalism and caution considering they are ultimately trying to add value to it - and sell more copies. However, in the Deltex example there were three occasions (it has only featured four times in the last 6 months) when someone from only Charles Stanley were offering an opinion on the stock. Shares magazine, in my view, have paradoxically made the same mistake as me, and therefore have been negligent in making it a Play of the Week.

As someone who got lucky!!! and got out a few weeks ago with small loss I feel that Shares mag was right to tip it, wrong not advise to get out at the first warning but right to advise sell now. I have to say we are all responsible for our own decisions and we should learn from our own mistakes. At least Shares tips some good smaller companies, all IC does is the steady eddies that cost loads each. Thats why I have subscription to Shares and not IC having bought both first. As a small investor I appreciate these opportunites and tips for smaller companies but we must buy on our own research and these bb's add to that. As for the recommendation on Deltex, we'd all be OK had a deal been struck but with our inept government and NHS perhaps we should have known there would be delays. I also think right to advise sell ASOS now until they have the business model for expansion correct, those who bought on the buy tip have done very well. As for Deltex, we all know the potential, keep them on your watchlist, if the deals start to happen the potential is still huge and what it needs is momentum. Good Luck.

So my friends, advise me. How low will the SP go on the results published today wihch still show no real progress on sales during 2004.

I still like the story very much, but I am hoping sentiment will drag them down to a price I can buy in again at with dignity - like 15.5p offer would be a perfect no loss reentry.

What am I bid to ease my troubled mind?

SD