Advice for Pensions!!

hoyin

Centenary Club
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1,706
Yes mate I'm in! topped up today too.

Yes saw that, maybe why the price was kept so low today to fill an order so big?

I reckon they will be snapped up by Newmont, they know what's down there with access to the project tenements and exploration database, as well as the right of first refusal should Greatland wish to sell or joint venture the project. Very interesting times indeed. Strad? :D
Cool.

At this rate it won't be a Strad. It will be an F12!


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4,048
I did a fair bit of spread betting a few years back & as long as your limits were tight but not too tight you could only lose a set amount. I would do some smaller bets & just ignore or leave them for a few weeks sometimes months. Sometimes better not watching or looking at too often. Worked OK for me at the time but you need the time to research & work out your stops. I have had the time for years but would revisit it for sure at some point. Certainly money to be made. I made a fair bit on SOLG over a time
 

hoyin

Centenary Club
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1,706
I'd never short a share that's for sure. It's way too risky the way that the stock can rise.
But I have always found that a stock always falls a lot quicker and harder then when it usually climbs.

Saying that I have never shorted.


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GeoffCapes

Centenary Club
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7,477
Shorting is easier to do than going long on a stock. The only caveat is that you need a tight stop.

Fail to do that and it can cost you dear.
 

Contigo

Moderator
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16,362
It's just negative though, I research companies who I want to do well not gloat when the price drops and make money off it. Weird mentality....
 
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4,048
I agree with Phil & hate shorting. It never happened many years ago. I think it should be banned. It can destroy a company or make them vulnerable for a cheap takeover.

I don't understand the concept & it causes more of the boom/bust & peaks/troughs with terrible volatility. The only thing it is good for is to allow unscrupulous finance sorts to make money whatever the cost.

I company can find they are doing good business, have good contracts in place, are making money, have good cash flow to find their stock price could halve in a short period just because a load of finance dudes want to short that stock. Ridiculous practice & makes for a corrupt and unlevel playing field.

I have never shorted or spreadbet a stock south & prefer to only bet going north. For the same reasons as Phil that it is positive and I'm a positive person. I can't stand negativity.

Too many conflicts of interest so IMHO shorting should be banned.
 
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I agree with Phil & hate shorting. It never happened many years ago. I think it should be banned. It can destroy a company or make them vulnerable for a cheap takeover.

I don't understand the concept & it causes more of the boom/bust & peaks/troughs with terrible volatility. The only thing it is good for is to allow unscrupulous finance sorts to make money whatever the cost.

I company can find they are doing good business, have good contracts in place, are making money, have good cash flow to find their stock price could halve in a short period just because a load of finance dudes want to short that stock. Ridiculous practice & makes for a corrupt and unlevel playing field.

I have never shorted or spreadbet a stock south & prefer to only bet going north. For the same reasons as Phil that it is positive and I'm a positive person. I can't stand negativity.

Too many conflicts of interest so IMHO shorting should be banned.
This is interesting.

I get the positive angle, around investing for growth, etc.. However, if you're investing to make money, then I think shorting has its place.

Human nature is that panic sets in quicker than euphoria, and people are much more scared of losing money than they are excited by making money. This is exacerbated by the bonus culture in most Investment Banks, and most trading desks.

As such, the masses, and the market in general, almost always over exaggerates bad news, and there is serious money to be made in betting on falls in share prices.

I dont do it as I don't have spare cash to gamble (and my job makes it complicated), but if I were making a living as a trader, I would be doing as much, if not more, shorting than investing
 
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4,048
I am not saying it is a bad idea to make money if that is you thing. I just don't agree with the practice of shorting full stop.

It is another 1st world problem we have created for ourselves and another example of greed is good. It isn't...well not in my book anyway.

It is another example of making money at any cost or whatever the cost & not caring about the consequences. This practice can be the catalyst in having quite an effect on quite sizeable businesses & have a ripple of impacts such as funding being pulled, businesses losing contracts or having to make redundances or a whole raft of issues. Just because some smart **** or clever academic thinks it's alright to just make some money for themselves.

It is not a game & real lives depend on it. Why don't these clever people making all the money go and get a real job or do or achieve something that has some intrinsic value that might actually change the world or solve 3rd world poverty or debt or something of use.

It is sad that such clever minds are wasted on this industry & such practices when they could make a real difference to the world. Oh but of course they would need to actually give a sh1t about someone else other than themselves.....that is not going to work is it....silly me.
 

D Walker

Centenary Club
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6,316
Agree totally with Dean,
At what point does it become acceptable to make money from someone else's misery,
In my book your moral compass has gone wrong and you are an abhorrent anathema,
I couldn't live with myself if the kids said to me, how did you do today, oh I drove a business bust bust and put x amount of people on dole, buy hey we are going to Maldives's for 3 weeks..
 

D Walker

Centenary Club
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6,316
After a little nudge and wink, bought Caspian Friday, sold Monday, £500!
Need to make best freinds with my scaffolding mate I think.