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.
Yesterday we advised our readers to bank gains in LGO Energy (LGO) at a 3.9p bid - that would be a 77% gain on an offer to bid basis made in 14 days. Not bad eh? All those idiots who questioned why we tipped LGO have their answer: to make money for our readers. And that we did. The shares are now 3.7p offer. Paying customers (just £5) come first so got out at higher levels. The rationale for the take profits advice is clear - our article from behind the paywall reads:
Two bits of news from LGO Energy. First up is good news. Its Goudron 682 well has been successful and will soon be a producer at 45 bopd. That is good bit it is not a company changer in itself. LGO needs a lot more wells like that and critically we need evidence that they do not go into steep decline in terms of output shortly after coming onstream.
That has always been the way in the past but LGO insists that "it will be different this time". We shall see.
Second up, is a kiss of death. Saddo chartist Sith Lord Zak "Judas" Mir says the shares are going to 5.5p. Given his record....
We tipped this stock at a 2.2p offer on 28 February. Our target was 3.25p+. They are now 3.9p bid. They may go higher. Who knows?
We never said this was a good company just a good share trade. And so it has proven. A 77% offer to bid gain in 12 days is no disgrace. Bank profits now as Mr Mir's three followers pile in.
This article first appeared on HotStockRockets - its always paying customers first. If you missed out on last week's red hot share tip, fear not there are TWO more on the way within the next three weeks and you can access both and all of our archive for just £5, HERE
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