Soldato
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[TW]Fox;10937212 said:
Just as someone can make an educated and informed choice on which dog/horse/greased pig will win a race
I purchased £6000 of Northern Rock shares on Friday..
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Just as someone can make an educated and informed choice on which dog/horse/greased pig will win a race
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![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
But a comprehensive understanding of the way shares and business works to such a level you can consistently make informed and correct decisions relating to share trading requires intelligence, whereas comprehensive undertsanding of dog racing requires a bacon butty and a copy of the Racing Post.
He could have said it's no different from racing a jelly powered sausage car on the moon. That would be further from the truth
lmfao
someone save that post for the end of year awards!
There was an element of a gamble in this - I'm guessing he bought the shares when there was still uncertainty whether Northern Rock was going to be taken over.
Hence the difference in share price and profit made. If he'd bought the shares just as the takeover was announced he'd of made nothing worthwhile.
I guess if you know the situation inside out, or had some sort of inside knowledge before it was announced then thats fine. But I wouldn't have gone into that gambling blind.
Hence the difference in share price and profit made. If he'd bought the shares just as the takeover was announced he'd of made nothing worthwhile.
I guess if you know the situation inside out, or had some sort of inside knowledge before it was announced then thats fine. But I wouldn't have gone into that gambling blind.
At the moment I think NRK is a huge gamble. There is too much going on - if Virgin pull out, for example, how far will the shares drop? What if the government decides to pull its support?
And then what if they go up to £1.50 by Thursday?
The point is you can never know for certain, at some point you have to make a decision to sell.
If you hold shares it's just paper money until you sell them anyway.
Much better to think of the actual money you've made by selling than to lament not holding them for longer, you're just setting yourself up for an eventual fall if you go down that route.
Soldato
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I think the trick is to take out your original 'stake' and leave the profit (or just some of it) in. Then you're gambling with someone else's money.
Andrew McP... another one who thinks the stock market, on a short to medium term basis, is no different to horse racing. You can study the form until you're blue in the face, but you can't guarantee getting it right. However you can spread your risks around and -- with enough skill & judgement -- make money. It's not easy though, and markets thrive on little people (like me) throwing their cash down the drain. You can bet an awful lot of people have lost an awful lot of money in the last 6 months trying to make a few quid on NR shares.
PS Well done anyway.
[TW]Fox;10937317 said:
Spoken like a true gambler, or someone who does not understand the markets.
It is gambling, however you want to spin it. There are no guarantees and nothing is certain. How anyone can think that making an "informed" decision on the stock market (unless you are referring to insider trading) and one on the tracks is different, is beyond me.
There are differences between short and long term trading though.
In the short term I would agree with you, the aim is to buy something and sell it on quickly for a profit.
Longer term you are basing your investment on the performance on the company, yes there are still unknown factors, but it's a different sort of investing.
Traders are responsible for short term volatility in shares, but company performance is ultimately responsible long term.
To be honest I would say that people who do not know how to find out how to trade in shares probably shouldn't be trading in shares.
Becuase share prices are based on real world influences. Influences which, to a certain extent, often be predicted.
I don't gamble nor trade in shares, by the way.
Of course the comment was made in context of the thread. This discussion is not about long term investment.
What an utterly retarded statement. I can comment on a piece of music. I can understand how it is composed, how it is produced and how it is distributed.
"CAN YOU PLAY A PIANO?!"
"No"
"STFU!!"