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With the DESaster, just wondering if anyone got bitten by this shambles?

 

I got out just in time taking a small loss though. Was going to by back in at 30p & sell pre spud but missed the boat although overall I'm kind of glad to be shot of them really.

 

Others are going grand like AMC, XEL & now also RRL.

Sold up on GKP & (unfortunatley slightly too early) on ENEG, ENEG I just over doubled up on when I sold on Fri but they went up another 10% or so yesterday (they will likely keep climbing as well) but I needed some funds for others.

 

In a good few now (a lot more than I originally planned) & just hope this AMC 4th & final license comes off sooner rather than later.

 

GLA

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With the DESaster, just wondering if anyone got bitten by this shambles?

 

I got out just in time taking a small loss though. Was going to by back in at 30p & sell pre spud but missed the boat although overall I'm kind of glad to be shot of them really.

 

Others are going grand like AMC, XEL & now also RRL.

Sold up on GKP & (unfortunatley slightly too early) on ENEG, ENEG I just over doubled up on when I sold on Fri but they went up another 10% or so yesterday (they will likely keep climbing as well) but I needed some funds for others.

 

In a good few now (a lot more than I originally planned) & just hope this AMC 4th & final license comes off sooner rather than later.

 

GLA

 

What is your rationale for choosing those companies?

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What is your rationale for choosing those companies?

 

AMC I've been in since May @ 5p so happy there so far.

XEL in a few months ago on a tip off @ 66p & hoping for a Satoil take over cos they're looking to increse there heavy oil production & have a main hub in the area, as they have an established field already in the area only 6k away from Exites Bentley field, so fingers crossed on hat one but well up there at the mo anyway.

 

RRL have lots of potential IMO as they have their fingers in a lot of pies & I'm in them from 6p & should be ok with that as even if all else fails they will not fall much below my start price hopefully as they have oil already in Texas.

 

I'm speculating in a good few others but have a lot more that I want to get into but canny free up funds yet til others come off :(

 

GKP still have lots of potential but I doubled up & just got fed up waiting on them to kick on again (a lot of political sh*te there) so I sold up for funds to get others I wanted... Bought in @ 83p, sold the other day @ 171p.

 

ENEG also still have a good chance of rocketing & a lot of chat about them at the moment but same as above, I doubled up & got fed up waiting on them to kick on again so sold up..In @ 11p sold the other day @ 23p or just over.

 

 

If DES taught me one thing then it was not to be too greedy & just be happy to get out when at reasonable profit. I could have made a fortune off them had I sold the two times I thought about it & gotten back in at lower prices. I changed my thoughts on the way I go about my shares now & if I could give some advice to anyone, it would be to OBVIOUSLY do your own research (DYOR) & also don't be to greedy.

 

I only started doing shares properly in May last year & if I sold up on all right now, then I'd be just over 150% up on all the cash I've put in, so long may that continue.

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How much did you guys go into the share market with, I've recently started a new job which means I'll be able to save some money and hopefully want to invest some into the share market, I'd prefer to start small and work up... how much do you think is worth while to start with, and how much does it cost to do it online etc and how do you get started?

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I know absolutely sweet f**k all about when/what to buy and sell.. I pay an investment group to deal with all that sh*te for me, and thus far we've done nothing but make money, even when the market was tanking. Once every few months we go to a meeting, they go on about where our money's invested, how much they've made for us that quarter and how, when we retire, we don't have to worry about living in a cooncil flat on Menzies Road. I pretty much sleep through the spiel, but the wife seems to be paying attention.

 

Bad idea to treat your investments like the horsies and shove your cash into areas you have a 'hunch' will come good. I plan to be a drunk old b*stard sitting on the beach in Florida from the time I retire to the time I die from alcohol poisoning probably a couple of years later. There are people, seriously dull, boring people who have absolutely no personality whatsoever, and all they do all day is sit and watch figures and extrapolate and talk to each other regards tedious, tedious sh*t like long term investments and hedge funds and retirement things with the money and the stuff that they do with all that investing and the suchlike as you were. These are the people who you want to be taking charge of your money, not someone who works at Mobil as a coffee maker.

 

All due respect to the people who see a test drilling and go "BINGO! That's where I should be investing for the big buckses, n'at!" but that seems to me to be a pretty cavalier way to allocate your investments. You may as well stick your cash on Mr Piggy's Curly Cock in the 4:20 at Chepstow on the assumption "He's a horse, eh? He's got a chance of winning."

 

 

2011_1_3-2011_1_3_12_56_27-jpg-51006.jpg

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I know absolutely sweet f**k all about when/what to buy and sell.. I pay an investment group to deal with all that sh*te for me, and thus far we've done nothing but make money, even when the market was tanking. Once every few months we go to a meeting, they go on about where our money's invested, how much they've made for us that quarter and how, when we retire, we don't have to worry about living in a cooncil flat on Menzies Road. I pretty much sleep through the spiel, but the wife seems to be paying attention.

 

Bad idea to treat your investments like the horsies and shove your cash into areas you have a 'hunch' will come good. I plan to be a drunk old b*stard sitting on the beach in Florida from the time I retire to the time I die from alcohol poisoning probably a couple of years later. There are people, seriously dull, boring people who have absolutely no personality whatsoever, and all they do all day is sit and watch figures and extrapolate and talk to each other regards tedious, tedious sh*t like long term investments and hedge funds and retirement things with the money and the stuff that they do with all that investing and the suchlike as you were. These are the people who you want to be taking charge of your money, not someone who works at Mobil as a coffee maker.

 

All due respect to the people who see a test drilling and go "BINGO! That's where I should be investing for the big buckses, n'at!" but that seems to me to be a pretty cavalier way to allocate your investments. You may as well stick your cash on Mr Piggy's Curly Cock in the 4:20 at Chepstow on the assumption "He's a horse, eh? He's got a chance of winning."

 

 

2011_1_3-2011_1_3_12_56_27-jpg-51006.jpg

 

So long as you do the research & ONLY use money you can afford to play with/lose then there's no problems in taking risks with it but educated risks.

 

I'm actually joining a small investment group as well.

 

But will always have a play on the stocks & shares, as it's very enjoyable & also very interesting when you get going.

 

I have all my original investment safe, so as far as I'm concerned, I'm now playing with free money that I didn't have in the first place.

 

I'm openening another account in the wifes name too, so as to earn more & avoid a little more CGT

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  • 2 months later...
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Seems like a pretty legit company. Announce a find, then wait a few days after the price of their stock has rocketed, and then announce, "Nah, it wis waater." :)

 

So is Tony Soprano the Chairman of this company then?

 

 

I think AIM investigated them for this very reason. Really, really fishy. Their senior levels made millions selling their shares over misleading claims

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I also lost a few hundred on them but XEL, AMC, RRL, SAR, EOG, DPL & SOLO are all keeping me well up in profits thankfully & with others still with a lot of potential it's all still good.

 

Sold out on DES first time around but stupidly bought back in just over 30p in the hope of selling before TD results but they never reached the out price I'd hoped for pre results & got greedy in the hope of them actually finding oil that time around & stayed in them, so I'm just going to have to stick with them long term, or in the hope that they get taken over. Didn't buy in much second time thankfully, so have written off the 50% loss as 100% for now cos all others have more than covered them.

 

Up 100% from my total investment at the moment but at some stages was up over 150% so will hopefully get back to that sometime soon.

 

XEL & RRL are my really good bankers & in an ISA share acc so all tax free there as well & if AMC do finally get this long awaited forth & final license then it's happy days with them, my average price with them is 5.25 & if they drop below 10p then I'm going to buy some more cos that's a steal at that price but only if they do eventually get that damn license. :crossfingers:

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Seriously, does anyone know Donslegend? If he's okay? The boy had thousands tied up in that company.... it wouldn't surprise me if he's thrown himself in the Dee!

 

It's ok, Donslegend is in fact Stewartie Milne & he was only investing next seasons transfer kitty in DES, so his own personal wealth is still fine.

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  • 3 months later...

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