Dannn

Well - I lost a little this morning as I did not predict they would go so low - Overall since I started this last week I am £50 down but if you include my current profit I am only £15 down. Only playing with £10 a point for a laugh - as they say only bet what you can afford to lose!!

foreigneRS

Dannn exactly

i put £200 in my betting account and since 2 weeks i have been up and down. i am now £60 up, not a lot but it's free money

when i get £100, i will withdraw £100 and then when i get another £100 up i will withdraw that so that everything left in the account will be profit and then win or lose it doesn't matter

RWD_cossie_wil

iTrader: (9)

Basically it's just socially acceptable gambling

Micky The Finn

last trade of the day was 1,2million shares,somebody knows something.

Shings

Was it a buy or a sell.

I cant be arsed to view it.


Jake

Dannn

Well it looks like my little flutter is coming to an end.

Do or die with my last £60 notes tomorrow morning - lol and if I lose thats the end of it for me.

Man I can see why people fuck themselves with spread betting.

Even putting a "stop" on to protect yourself can be a bad thing as I experienced twice day. Only takes the market to jump up and down for a minute or so and hit your stop value and close your order automactically (to lose) just to see it bounce straight back up a 20 secs later......

RWD_cossie_wil

iTrader: (9)

TBH unless you REALLY know what you are doing, spread betting is very very dangerous to play, IMHO if you want a return for your money buy the shares low, ( well duh ) and wait it out for a few months. At 250p a share people were saying they couldn't see it going much lower, now look at them , might be worth just buying them and waiting to see what happens

The Sludge

must admit im tempted to buy £500 of shares to see what happens. Surely they cant go any lower??? Long term they can only go up especially if someone like HSBC does take them over?

Porkie

iTrader: (1)

Er no mate! If it was that simple, EVERYONE would be buying wouldn't they!!!!

Hardeep_Singh

and it has gone lower 135 according to London Stock Exchange web site it also said the lowest it went was 112

Shings

Might pull mine out and put it down to experience....

£250 quid down .... oh well...

RSrussell

exactly Lee. I thought they couldn't get any lower when i bought mine at 1.66

Porkie

iTrader: (1)

Tescos could be fun....

Ex-Finesse

Yes, that's very annoying, but you realise what a God-send it is when your stop loss has kicked in at the top of a cliff

The stock looks even more unstable given that no bids have been made by the large banks (HSBC, Barclays, etc.) and it's mostly private equity or a dodgy Spaniard who are trying to buy in...

Analysts have revised their forecasts down from profit next year to loss, and target prices by one broker were cut from 300p to 100p.

Not a great deal of room left now and it's on the floor!

The Sludge

I assume though, that it will be taken over eventually? It cant completely be lost can it?

xr2i-carl

yes mate there is always that risk

Fil

Group profit before tax £1,289m good 1/2 a year for them

selling ransid meat does pay off

The Sludge

so if i "invested" £500 it could be lost? What heppens to the company then and the assets like the property?

MikeR

Tesco's hum my misses works there and will hopefully be offered share options next year when she moves up


Mike

broadmoor

or you could pump in another £250 and lower the original price you payed..making your overal target price more achievable

PT

That quote has just taken this thread to 10 pages Lee

Shings

I dunno what you mean mate- I brought shares.. not spread betting.

I got £940 @ £1.90 each.

Rodge.

He means, spend another £940 and buy more, you will then lower your "break even price"

Usually known as "averaging down". Can also be known as "throwing good money after bad!"

Example: If you buy 1000 shares at a pound each, they cost you £1000.

If the shares drop to £5 each and you buy another £1000 worth, you end up with 3000 shares for 2 grand. Your "average price" is no longer £10, but £6.66...... per share, so instead of being £5 a share down, you are only £1.66 down.

Hope this rambling makes sense!

broadmoor

If you buy 10 green apples at £1 each and the price of apples goes down to £0.50p you should buy 10 more apples @ 0.50p each ..making the 20 apples you know own worth 0.75p each

broadmoor

i should have also mentioned if your apples go "OFF" your fooked

RichardPON

Close, but with those maths, I'm glad you're not my broker!

Rodge.

OK, in my defence, I typed it in a hurry!

Shings

Yeh at the moment this pussy dont like the taste of the milk.

I shall observe my position- but I was prepared to loose a long one... so if thats the case so be it.


Cheers for the explanations guys

Jake

xr2i-carl

the end of the day i cant see the company goin under

its a cash flow problem, they CAN make money and have been, just over zealous with the lending

Carl

Ginge !

jake can i buy your shares at a good rate, i may join this fun train

Ex-Finesse

Anyone who has a decent amount of money to invest should look at investment funds with exposure to gold and gold mining stocks.

Gold is historically cheap (compared to 1980) and is a safe haven in a depressed market / economy.

RSrussell

Shings I do hope you didn't sell, you seen the price lately £2.80 mark, which means you'll be £445 up

Porkie

iTrader: (1)

Cash flow?!?!?!??!? WTF? hardly... and its not Northern Rock that have been over zealous with lending either??? Jesus....

Why comment on something so big, when you clearly have no understanding whatsoever about it!!!!!!!

arkley

His dad told him so it must be true

Shings

Nope

They're there till they double the 1k I put in or it gets to March....

I was up £500 ish earlier/yesterday, at £2.58 as I type so prob about £300 quid.

Shame I didn't stick another grand in but I didn't have the balls

morcheen

my bruv just sold his 10k worth,had a panic when it shot down! made 1500 in 15 days of mild panic

Shings

£2.67 and Virgin have just announced proposals to invest heavily into NR...

Rodge.

Not looking too clever now!

Porkie

iTrader: (1)

Shings

How dya mean mate- they're about £1.80 ish....

More or less where I started off.