Grown up gambling

[Andy]

I think you mean 2006 and basically that was the US started arresting Gambling Company Directors and made online wagering in the US illegal. That was all before my time following LNG though, i have only been following for 6 months or so and now have only a tiny holding left anyway. I will rebuy on any weakness.

Overall I didnt read any books to learn this stuff but i was studying for an Economics degree which helped. I found (with hindsight) a lot of what i did read was bad advice/rubbish/not relevant anyway.

It is all expectations, not actual results, a company can announce £10m profit and the price fall if it was supposed to be £20m, and likewise a £5m loss can see the price double if it was supposed to be £10m loss and administration. It is also not so much WHICH shares you buy so much as WHEN. Pick a share, absolutely any share you want in the FTSE250 and i will find two dates in the past year when you could have bought and sold to both MAKE 10% and LOSE 10%. The same share, all i change is the dates i bought and sold that share. Timing is everything.

I would recommend ADVFN for charts and the bulletin board (forum).

Pick a few shares, maybe ten and research them thouroughly, then just trade those, there is hundreds out there you can not study them all properly, just pick ten over a range of sectors, and know them inside out, then you can know when to get in and out of those.

[satriales]

Pick a share, absolutely any share you want in the FTSE250

ITV - with the hash they made of the football last night I assume people will be wanting to "sell"

[Andy]

Easy, this is the same share any only over the year, results are annual but 6 months reports also get published as interims, so any actual analysis of the figures the company has an attempt to value it on PE ratios, assets etc would have been the same figures really or very close. My point is when you read a brokers report to buy based on those things its fairly ridiculous when everything they wrote was true throught the whole period YET:

Buy at A and sell at B = Over 10% profit
Buy at C and sell at D = Over 10% loss and you bought at the same price as A!
Buy at E and sell at F = Over 10% profit again!

Just buy at the start and hold for a year and i dont think it has moved at all!


So there you go, too easy, and that was an example you picked (I was quite lucky it was that easy to prove the point). It is not WHAT you buy itis WHEN you buy and sell. And you do need to buy and sell.