Hawkshaw: Did I mention sale or sell? Anyway,it doesn't matter now but I was heavily into Oil shares for some time, even now and making a loss. I did well on Raymarine (the Ship Radar guys) when they were taken over by Garmin. Whilst it wasn't a lot. I made about $1000 over my original punt of around $400, so $1400 returned. However, I have lost about $6500 on another Oiler which was run by a Crook from Down Under... No names mentioned, but he's under investigation as we write.
Essentially, I have lost more than I have put in, so I need to make at least $4000 to break even since 2003. It's unlikely I will succeed which is why I didn't buy any FLPC early on. It looked just too risky after reading all about them. Buying now could prove a good move, that's only if good news comes in AND you can actually sell one large Tranche of shares to get your profit. This could prove tricky! GL all.
I will never buy any more shares once I sell up my existing Holding.
