Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In today's podcast I start with the awful Paris attacks - my thoughts on this can be found in detail HERE. Then it is onto why Malcolm Stacey is 100% wrong about Northern Rock today (HERE), to the crock that is AIM and to a boycott already underway and finally some more musings on my favourite subject - David Lenigas
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Simple Moving Avarice
Tom – your comments about avoiding the stocks in the top ten on the LSE BBs are spot on and also contain the hint about why private investors keep getting mugged.
Stocks in the FTSE-100, or even the main market, hardly get a mention on the BBs. AIM stocks dominate – but even there it seems that the worse the company the louder the chatter. I’d say that right now the best performers in the AIM 100 are probably TILS FEVR POWR REDD GAMA HCM. (This isn’t a tip; just an observation. They’ll probably all crash simultaneously next week now.) but what are the hot chat topics according to LSE? 88E REM MTV SMA UKOG AFPO – all of which currently have negative drift. (and some – like MTV – are just pitiful.)
Something attracts private investors to poor performing stocks like moths to a flame. While this continues, not only will they get mugged, but there is an active incentive to provide them with what they crave. This site does an excellent job of exposing some of the most grotesque abuses but I wonder whether it could help to play a part in the education of the private investor to stop chasing utter rubbish.
David Russell
Great Bearcast Tom but I thought you might have mentioned R4E and the discount placing of approximately 56 per cent. to the closing mid-market price of 2.25p. I really thought this company would come good and like the rest of AIM the small shareholders never get a look in. I thought they could have raised a lot more money and in a better way than a discount placing at a penny. We have no chance of making are money back but at 2p they will double their cash and we am still on a loss. Sorry about the rant but AIM really pisses me off. Be ok in a couple of days.Lol.:)
DUCK AND DIVE
Now you’re talking. Send a drone to take out the fat snake oil salesman.
Phil
I had a deal with bank shareholders. I would not expect them to carry the cost of repairing my car i wouldn’t have to repair their stupid decisions. Investing in retailers that stack out fixed costs without knowing fixed costs are an Achilles heel to any retailer is sheer folly.
I was miffed, so miffed in 2008 I worked a credit card to get 5 grand of interest free credit and put it back into the market. At the moment it is part of my stake in OPTI . There is a service charge of course, the transfer fee, but it’s cheap money, the bank is picking up the tab.
You shouldn’t buy shares on a credit card, no you shouldn’t but you shouldn’t expect I would bail out a poxy bank. The British have been good to me, my tax is for those who need it and I don’t begrudge, but for shareholders, no chance.
My first ever share purchase was done using a bank loan, I still have those shares but not the loan.
wildrides
Great cast and just the right length for my ever more senile attention span ……… stayed awake right through ! . I must say as a long term critic of Del Boy Lemongas ( mostly re AFRI AG ) even I was totally shocked at the latest CUBA RNS debarcle . That has to be just plain fraud by misrepresentation surely ? Unbelievable .