shares

[imamartian]

anyone dabble in shares? there's obviously the common understanding of long term investment over a broad range of companies... but i want to dabble with a grand (say) and maybe pick up troubled companies, wait for them to recover, then get out. There is a name for the practice, but i can't recall it.

I think the dangers are...

getting it wrong (lol)
scale (i.e. you gain is less than your trading fee)
greed (waiting too long and losing it again

As an example, if an oil company has a well disaster, that polutes 100 miles of coastline, share price plummets... does the price eventually get back to where it was?
Anyone who does this sort of stuff got any advice?

 

[seco services]

Got shares in exxon mobil that had been passed down over the yrs.

Apart from that haven't got a clue of anything else about them thats beyond my knowledge, leave that side to my uncle.

 

[imamartian]

Got shares in exxon mobil that had been passed down over the yrs.

Apart from that haven't got a clue of anything else about them thats beyond my knowledge, leave that side to my uncle.

get 'im logged in here then... !! let's make some cash !!

 

[libby lou lou]

How fast do you wanna win, quick,bookies, slow, bookies.

 

[misterdubya]

I have bought a sold a few, but only with my basic knowledge. I bought 2 grands worth of shares in Wolseley in 2002 (at 344p). Sold them last year at 1845p. There 2240p now.

I'd be steering around random fossil fuel exploration IMO. Use a solid ftse company to start with - look at BG's price hike in fuel costs, plus a warm(ish) Winter. We may be cold down here, but Scotland it is quite warm in comparison. I suspect a 5-7% drop in their share price by mid 2012.

 

[imamartian]

How fast do you wanna win, quick,bookies, slow, bookies.

not one for the bookies, me !!!!

 

[JohnD]

is there a line of business, that you know and understand better than most people? Would you be able to to walk round it and tell if it was better run, or worse, than most?

Remember that most mug punters lose money to the professionals.

 

[joinerjohn]

A chap I knew, used to dabble in the money market. Literally betting on whether certain monetary units would rise or fall, against the pound. Some weeks he could make a lot £20,000) of money and other weeks he could lose the same amount in a few hours.
Certainly not for the faint hearted.

 

[libby lou lou]

Not with a grand.

 

[namsag]

Research research research buy proper papers like the FT and the telegraph is quite good .Look at historical data regards company that interests you try and find something that you know something about and find out as much as you can about the company .
When the price rises set yourself a drop point of 10 to 15% so that when it comes of its high you have still made money.
In todays market a grand is not going to make you a lot of money unless the company has an amazing discovery or invention.
Best one i have done is 3k into 22k in 3 months and 7k into 42k in 3 years.
Luckily enough loses have only been about 2k on long punts.

Biggest secret is knowing when to sell and not holding on as they fall

 

[imamartian]

So lets focus on companies that are troubled and in the news and shares tumble..... i guess i want to buy on bad news stories, give it three months and get out... is that viable?

 

[libby lou lou]

Biggest secret is insider dealing,period.

 

[FiremanT]

Why not start by using virtual cash. Set up a spreadsheet and "invest" and track how ypu would have done. The hard bit will be emulating exactly what you would do with real money.

EDIT: It's been done:

Cut this site out as the Game had finished!! Itw as way too compliucated anyway

Why don't we set up a CC league

 

[namsag]

All depends on what you class as good money last year you would have doubled your money in weeks in if memory serves me right in RBS when it hit its lows and the other week think you would have trebled your money in thomas cook in a matter of days.
Case of knowing its hit bottom and can only rebound and being brave enough to jump in.

FIRST rule is only play with money you dont mind losing.

Dont forget to factor in dealing costs and there is also a % spread in buying and selling price.
the price you see on teletex etc is a mid price get a real time price

 

[Alarm]

Another

http://www.virtualtrader.co.uk/default.asp?