cwah
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Post by cwah on May 23, 2019 19:34:43 GMT
Good point about only betting what I can afford to loose. But to be honest, I can't afford to loose any money!
Also, if I want to have decent profit, I have to put decent sum. If I only put £100, which is probably an amount I could feel comfortable enough to play with, I'd be eaten out by fees and stamp duties.
I think my stop loss was way too high, as correctly indicated by Wallstreet, so next time I'd put it to 50%.
I'll wait for the stock to go down again to £8p-£10p to buy back. Hopefully it won't get any lower than that.
And I've removed my stop loss from my Bank of georgia (BGEO) long term buy to avoid the same issue
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adrianc
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Post by adrianc on May 23, 2019 20:35:44 GMT
Good point about only betting what I can afford to loose. But to be honest, I can't afford to loose any money! Also, if I want to have decent profit, I have to put decent sum. If I only put £100, which is probably an amount I could feel comfortable enough to play with, I'd be eaten out by fees and stamp duties. I think my stop loss was way too high, as correctly indicated by Wallstreet, so next time I'd put it to 50%. I'll wait for the stock to go down again to £8p-£10p to buy back. Hopefully it won't get any lower than that. And I've removed my stop loss from my Bank of georgia (BGEO) long term buy to avoid the same issue Let's just pause and go through that, shall we? You can't afford to make any losses. And because only playing with small money means you won't win big, you're going to just splooge real money you can't afford to lose. And because it can't possibly lose, you're gutted that your stop loss kicked in. And because they can't possibly lose more, you're going to buy when they've dropped another third of their value. And because this is such a flawless strategy, you're going to repeat it with another wildcard, from the wild east. What could possibly go wrong?
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SteveT
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Post by SteveT on May 23, 2019 21:15:58 GMT
Surely this is a wind-up?
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cwah
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Post by cwah on May 23, 2019 21:28:21 GMT
Good point about only betting what I can afford to loose. But to be honest, I can't afford to loose any money! Also, if I want to have decent profit, I have to put decent sum. If I only put £100, which is probably an amount I could feel comfortable enough to play with, I'd be eaten out by fees and stamp duties. I think my stop loss was way too high, as correctly indicated by Wallstreet, so next time I'd put it to 50%. I'll wait for the stock to go down again to £8p-£10p to buy back. Hopefully it won't get any lower than that. And I've removed my stop loss from my Bank of georgia (BGEO) long term buy to avoid the same issue Let's just pause and go through that, shall we? You can't afford to make any losses. And because only playing with small money means you won't win big, you're going to just splooge real money you can't afford to lose. And because it can't possibly lose, you're gutted that your stop loss kicked in. And because they can't possibly lose more, you're going to buy when they've dropped another third of their value. And because this is such a flawless strategy, you're going to repeat it with another wildcard, from the wild east. What could possibly go wrong? It's just that I'm convinced it's not going to bankrupt soon and will survive past summer at least. So the chance of rebounce is high. They also have multiple initial bid offers for their airlines (Norvegian airlines, Virgin airlines, Lufthansa) as well as interest for their Tour operator (Fosun). So THEY WILL announce the bid they have received and it WILL bounce up when it happens. It's also very likely they'll sell at least part of their airline I wasn't planning to exit anyway. I wanted it to drop lower and buy back when it drop at its lowest. It's just unfortunate that the news happened at that time. I don't want to buy back higher than the price I sold, so if it doesn't go back down I'll let it be. But if it goes back lower I'll re-invest the cash for the next bounce.
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cb25
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Post by cb25 on May 26, 2019 13:52:26 GMT
Article here "Thomas Cook launches last-ditch survival plan that would see it turn into a holiday comparison website" (may need a Telegraph subscription in order to access it)
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adrianc
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Post by adrianc on May 26, 2019 19:08:14 GMT
Article here "Thomas Cook launches last-ditch survival plan that would see it turn into a holiday comparison website" (may need a Telegraph subscription in order to access it) "last-ditch" doesn't begin to describe that idea.
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cwah
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Post by cwah on May 28, 2019 12:14:39 GMT
Thomas cook is recovering. Already £16p per share. Double the value of its lowest. I shouldn't have put a stop loss. Worse mistake. Now i'm out while I could have made lot of money
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registerme
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Post by registerme on Jul 12, 2019 9:30:16 GMT
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cwah
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Post by cwah on Jul 14, 2019 18:43:34 GMT
What's the risk of complete wipe out? Share dillution is ok... But depend to which extent
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michaelc
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Post by michaelc on Jul 14, 2019 19:45:34 GMT
What's the risk of complete wipe out? Share dillution is ok... But depend to which extent I did something similar with Northern Rock and watched my cash disappear. I also thought there was a chance of a "quick buck" and learned my lesson. I hope this doesn't end up similarly.
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pikestaff
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Post by pikestaff on Jul 15, 2019 7:06:08 GMT
What's the risk of complete wipe out? Share dillution is ok... But depend to which extent Closed Friday at 5.38p, down 59%. You should feel better about your stop loss now.
The price suggests the market thinks complete wipe out is probable, but not yet certain. Pure gamble, at best.
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cb25
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Post by cb25 on Jul 16, 2019 9:16:38 GMT
Article here in The Telegraph (may need a subscription to view) "Fears mount Thomas Cook's £750m rescue could be blocked by bondholders"
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registerme
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Post by registerme on Aug 28, 2019 10:18:38 GMT
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agent69
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Post by agent69 on Aug 28, 2019 12:24:56 GMT
The firm was founded in Market Harborough in 1841 to run temperance day trips (ah, those were the days)
I've used them a few times with flights from Bristol and they were always fine, but would never put any of my hard earned cash near them.
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Post by Deleted on Aug 28, 2019 14:31:18 GMT
cwah, FANUY just hit $16.46 btw
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