Don't rely on others to make your investing decisions. My personal opinion is that there is still huge upside, BUT I am not giving you any advice whatsoever.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Don't rely on others to make your investing decisions. My personal opinion is that there is still huge upside, BUT I am not giving you any advice whatsoever.
Soldato
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I know they put north sea oil tax up by about 12% But Rock avoids that I guess. 300 was a natural area for a lot of selling to occur, weaker hands will drop shares in the face of that and so it continued
Todays beat up stock for the knife catchers is VGM the fiji gold mine I think is their sole asset
Not sure whats wrong but not optimistic on the chart, failed to maintain their rise. Needs to rebuild now, maybe as low as 90p, not sure.
All I could say is I dont think much is wrong, they have very variable graded gold I think is the problem so for now results not good.
[Its an expensive mine, 600 dollars in costs per ounce? I imagine this makes them vulnerable to any weaker gold price but a good bet for dollar bears and gold bulls]
Also gold price has been down a bit recently and dollar recovering slightly
CNR have nice prospects near and far term with el sal. Not sure at 9p but 6p was very nice I thought as a floor.
They have broken out of range for this moment but a pullback from 9.13 to 9 and then 8p would fit into the price rise of most of February.
So its a bit ahead of itself, depends how that news goes
So possible target buys for myself might be 8 and 7.2 as support (jan closing highs)
Im never sure whether to buy on strength - CNR or buy on possibly unjustified weakness - VGM
They can both be wrong, the momentum traders always buy break outs
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Associate
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Man of Honour
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OTC is another mini gold stock, I'm hoping it will follow CNR in the nearish future too.
VGM is painful, should've sold at 226 - should've seen the development coming. Keeping my shares there though (as I bought way below current price) as it's a profitable, producing company which probably makes it unique among my holdings
VGM is painful, should've sold at 226 - should've seen the development coming. Keeping my shares there though (as I bought way below current price) as it's a profitable, producing company which probably makes it unique among my holdings
Soldato
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lol I scale in so that doesnt apply to me. I said 6p for CNR in lots of posts but I never know if it'll be zero tommorow. I know very little about mining so hardly a question of love.
Newbies shouldnt follow tips, very bad idea
Yea that does count for a lot, their PE is probably very high though. Cashflow counts, share dilution from these money drainer stocks is not good
Newbies shouldnt follow tips, very bad idea
Yea that does count for a lot, their PE is probably very high though. Cashflow counts, share dilution from these money drainer stocks is not good
1) Stop it. CNR is only worth as much as the proved up resources and that is nothing like 20p per share yet. No one is arguing and if anything there is far too little debate.I know your motive is just to get 'mugs' to pile the money in so you can make an exit, but I suggest you head over to iii and ramp it all over the boards there if that is your objective.
2) I actually brought CNR to the attention of this board and certainly did not leave others behind. Also it is NOT tipping! I don't think anyone here is qualified to tip, we just express our own opinions and state what we are holding/ buying/ selling.
3) Whatever happened to DYOR??
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Well said. We don't exactly have a high volume of traders here though so people will soon see his name and give no gravitas to his posts. Not to mention it being completely pointless as the few of us are mainly casual investors. Unlikely to have any real traction on the markets.
SOU last week? Surely that means you're up about 50%?
Associate
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Don't be silly, we're not telling you to stop posting. Maybe tone down the enthusiasm for individual stocks. We're happy to have more opinions, but we don't want this to be iii.
Could be bad timing, seems to be something stirring with RRR and RGM. But profit is profit.
Soldato
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Soldato
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In ORE and JJB at the moment. Former in profit, second minor loss as I stupidly bought mid-peak. Sold RKH last week - I should've kept as I got in @ 220p, but I'm planning on exiting all once I've covered costs and putting my attention to the Naked Trader book I've ordered and getting more experience on Bull Bearings.
Although annoyingly I'm up 5% on BB within a few days, mainly thanks to JJB (up 20%), EO. and EOG.
Although annoyingly I'm up 5% on BB within a few days, mainly thanks to JJB (up 20%), EO. and EOG.
Man of Honour
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Bought a chunk at .47, managed to sell some in the madness of the day it shot to 4p (tho it took me 40min to sell and I got 2.8p!), have a free ride on the rest so going to see where it takes me. Nothing life-changing but it'll pay for my car's next service I hope and the recent tax disc I forgot about
I did this, it is very good, but I have broken all his rules with my first 2 trades, though in fairness I didn't have the book then.
I bought RRL, 11000 shares av 9.6p
I also bought 20000 SOU av 2.6p
Both bought on impulse with a bit of research before, RRL from here and SOU from iii.
Plan on staying in RRL until Punty, and as for SOU, since they are not in an ISA, they are a set and forget with an exit point of £10,300 for CGT purposes, so a very long way to go there.
I have been very lucky, and Im not sure on the best way to go next, small cap AIM are a massive NO in the naked trader, but my first 2 have done really well for me. Also, I cant afford to invest massive amounts, just 300-500 a month depending on bills so small cap does seem to net me better gains at the moment.
This coming pay day Im going to have a £150 long SB on RRL and a £50 long on AMC, probably do the Dec spread for AMC and the Sept one for RRL. Hopefully I can make a bit and plough it into my fledgling ISA to build it up slowly as it just holds RRL at the moment..
Why don't you provide some reasoning to back up your stance - on what basis did you get the 20-24p price?