Soldato
Still stuck in JJB here. Looking forward anxiously for the upcoming announcement. At least I know buying in was wrong now!
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Associate
I'm buying £200 of CNR tomorrow, hoping they'll be good news.
Soldato
I was watching Caza at 25p yesterday wondering if it would matter or not. Back up 10% now to 29p area though it might not hold or it might continue up, never sure.
Just wish I'd waited for the worst case scenario or at least bought a tiny bit yesterday opps
With CNR I've put in a buy order for 7.2p which with spread I think makes it 7.7. I dont think it'll drop back further then that
Its just ironic the best price produces the most doubt
Any lower then that and it'd make the recent move up false / failed and we then revert to the previous ping pong around 6p
I dont have a proper chart for CNR but stick a ruler on lowest prices of late Jan and most of Feb and it points to todays price being on trend, ie. if I had none its not a bad place to buy I think but I wont add personally
Last edited:
Caporegime
Quick question and please don't take this the wrong way but what's your target sale price to make a £200 investment worthwhile?
I hope it all goes to plan for you and everyone else in CNR, I’m only in for a quick 1k punt and hope to make 250 - 500 out the back of the next few RNS announcements.
Caporegime
Interesting, volume traded seemed quite low when i checked this morning, 4.5 million now and whatever else SharePrince doesn't report.
Soldato
Closing price for CNR there is the 5 day average. That could be a ceiling, it needs a push anyway
Im hoping CNR gets back its el salvador mine and 30k ounces of silver isnt there. Unfortunately I sold HOC my only silver mine last year way too early
El Sal is locked to the dollar which has been in decline.
There is a small trend in even USA states to make silver legal currency again to avoid this problem with inflation.
Maybe El Sal might not be so negative on productive safe mining I hope.
Dont think Vol today was specially high, the vol on 1st april fall was near 20 mil. Think I'd call this a false dawn for the mo
Im hoping CNR gets back its el salvador mine and 30k ounces of silver isnt there. Unfortunately I sold HOC my only silver mine last year way too early
El Sal is locked to the dollar which has been in decline.
There is a small trend in even USA states to make silver legal currency again to avoid this problem with inflation.
Maybe El Sal might not be so negative on productive safe mining I hope.
Dont think Vol today was specially high, the vol on 1st april fall was near 20 mil. Think I'd call this a false dawn for the mo
Last edited:
Associate
No offence taken and some people might say it's silly to put £200 into a company.
I don't really have a target price. I might sell if they went up a lot 50% etc. I'd prefer to have my money invested rather than losing money in my isa at below inflation. I only started getting into shares less than a year ago and I don't have a lot of money to invest so I wouldn't want to put a grand in. I'm an unemployed CS grad living at home to give some context.
I can always put a bit more cash in if things continue to look promising, I'm using the portfolio builder feature on iii which means it's costing me less than £5 to buy inc stamp duty. Costs £10 to sell so I need roughly a 5% increase to be in profit.
I'm just trying to learn at the moment and I think having a range different companies can help. I bought £100 in mercator gold now ecr minerals which isn't much although it was up 100% at one point and I also went to an ecr minerals presentation which was interesting and there was free unlimited booze and food, so I'd say that small investment was worth it even if the company went kaput.
Caporegime
Sounds like you've got a good head on your shoulders, good luck to you 
I've got to agree with Firestars concern though. The small amounts don't make much sense to me. I'd be on the virtual platforms for learning and small investments.
My first actual investment was £500 and even then I was concerned that I was just earning the broker money rather than myself.
My first actual investment was £500 and even then I was concerned that I was just earning the broker money rather than myself.
Soldato
£10 + £5 = £15/200 = 7.5%?
That and a spread of 5.56% in CNR (currently) means you need an increase in the region of 10-11% just to break even. So you'd pretty much need a 60% gain in order to make £100 profit.
I'm not saying you won't, just be aware it's not as low as you thought, and personally I don't like those odds, especially when it's a bit of a punt anyway.
It's certainly worth learning how to trade if it interests you, like I am, but I'm holding off on the majority of the actual trading until a) I know more and b) I have more expendable capital.
Soldato
I dont think virtual platform can simulate losing real money though. Which influences peoples decisions, so its not fully learning
Try XO for smaller amounts. The roundtrip cost for them would be £12 compared to iii being £11.50 in this case.
iii is most useful if not sure where to buy so you can scale in.
So buy CNR over 4 times and its 6 in broker costs and maybe CNR does fall from 9p down to 7.7p cost to buy during your four averaged buys
So you spend 6+10 at iii on a tiny holding of £400 say. Thats 4% cost.
XO its 12 over 400 or 3%
And the difference the iii guy got in his choice of buying four times not once meant 15% lower cost to buy which easily justifies the extra cost even on a small amount bought I think
Obviously Ive not included any growth there but basically it can pay to buy a few times not once. I think thats not a bad place to start for someone new.
Try XO for smaller amounts. The roundtrip cost for them would be £12 compared to iii being £11.50 in this case.
iii is most useful if not sure where to buy so you can scale in.
So buy CNR over 4 times and its 6 in broker costs and maybe CNR does fall from 9p down to 7.7p cost to buy during your four averaged buys
So you spend 6+10 at iii on a tiny holding of £400 say. Thats 4% cost.
XO its 12 over 400 or 3%
And the difference the iii guy got in his choice of buying four times not once meant 15% lower cost to buy which easily justifies the extra cost even on a small amount bought I think
Obviously Ive not included any growth there but basically it can pay to buy a few times not once. I think thats not a bad place to start for someone new.
Associate
I was wrong lazy calculation
.That's why I want to invest, although I don't want to lose money! Thanks for the XO info that's interesting.
I have been on a virtual platform but if I'm given a 100 grand and it's pretend, I can't really care about it in the same way as my own money.
The thing most of the companies I've invested in I currently plan on holding for years. I wouldn't call myself a trader as I've never sold any of my shares. If I think the price is good I can continually add a bit more using the cheap portfolio builder option on iii.
Is £500 the minimum most people would recommend buying normally?
For me its the smallest yes. You sound like you're thinking your decisions through quite well, so keep at it learning and reading..... no one is an expert, but some get on quicker than others.
Soldato
I invest less then 500 quite often, but I might buy ten times too and I own like 50 stocks. I get bored reading stuff all at once plus sometimes situation has to develop, ie. risks decline
A reprieve for Cisco from death row today. Apple is being cut from 20% to 12% of the Nasdaq 100 and vice versa for cisco microsoft and lots of unpopular but highly profitable tech companies.
Best of usa is tech imo
HMV is making 30m profit still. So surely this is cheap, this is the rule where NT would say its too risky I think. (Dont think its about avoiding aim)
30m to 130m of debt is way overbalanced apparently. They are selling waterstones, etc, I can think of worse prospects.
Still not for me, base case of bricks & mortar retail is going where?
NT shares held
A reprieve for Cisco from death row today. Apple is being cut from 20% to 12% of the Nasdaq 100 and vice versa for cisco microsoft and lots of unpopular but highly profitable tech companies.
Best of usa is tech imo
HMV is making 30m profit still. So surely this is cheap, this is the rule where NT would say its too risky I think. (Dont think its about avoiding aim)
30m to 130m of debt is way overbalanced apparently. They are selling waterstones, etc, I can think of worse prospects.
Still not for me, base case of bricks & mortar retail is going where?
NT shares held
Code:
Shares
Stock Epic Qty Price Target Stop Buy Date Sell Sell Date P/L
Harvey HVN 5000 69.00 80 61 21/03/2011
Avation AVAP 3000 107.75 150 95 21/03/2011
Capital CAPD 4000 80.01 120 72 15/03/2011
Volex VLX 1000 250.25 320 210 10/03/2011
Photo PHTM 5000 47.25 8 40 10/03/2011
Kofax KFX 1000 504.80 700 440 07/03/2011
Alternative AN. 2000 200.00 250 175 07/03/2011
Acal ACL 1500 313.50 400 280 02/03/2011 340.00 14/03/2011 398.00
2 Ergo RGO 3500 133.00 180 105 28/02/2011
888 888 10000 45.53 58 36 09/02/2011
Character CCT 3000 192.80 250 175 08/02/2011
Eaga EAGA 4000 81.90 120 77 03/02/2011 119.00 28/02/2011 1484.00
E2V E2V 4000 109.80 130 102 01/02/2011
Cadogan CAD 25000 26.70 50 22 01/02/2011
Anite AIE 5000 62.25 80 48 26/01/2011Soldato
Bought the following on my virtual trading account (BB): BOY, BLND, DCC, LAND and MML. Also watching BOD and NAD closely.
That is quite bizarre reasoning.
Soldato
