I wouldnt tell people to sell or buy. I think its more about balance then greed, because there is probably a time to stay greedy. All these little oilers could end up like cairn which is 5bn, that'd take gkp from 170 to 900. Unlikely but in iraq i think its possible in time (and vice versa)
My point was if you made 190% then you can sell 100% of that profit and have no regrets either way. I dont get why people are doing all or nothing, the biggest gamble was investing so much in the first place
The only reason I sold my bradford bingley shares was to use the money in standard life ipo, clueless otherwise I just guessed one was better value then the other.
So I figure ever since the way to stay ahead is to constantly look for somewhere better to put the money, if you cant find it then hold but if you do then take some profits
with rok or cnt I think they could still be here if the big money had wanted them to be. problem is big money people did their sums and decided this isnt worth it for us, your out. so if I think similar I will hopefully avoid being crushed by bigger players.
Is yell or hmv going to be giving back enough money to their lenders to make it worth it, wheres the upside. I noticed yell have a very neat advert online at the moment, is that any good or does google do it better for 'free'
greed
greed
greed
still lesson learned hopefully, wild swings are possible. A trailing stop loss can be good though I usually set it too tight and still often sell too early mostly hence I try to reinvest so it can gain elsewhere