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INVESTMENT: NO PAIN NO GAIN: Why a love affair with a penny dreadful
I AM accused of being soft. It seems I hang on to loss-making shares for far too long. Instead I should be much more brutal - unceremoniously kicking them out of the no pain, no gain portfolio as soon as it becomes apparent my hopes are not being fulfilled.
There is little doubt that many small investors fall in love with their shares. It can be a fatal attraction. I suspect that in portfolios up and down the land there lurks a multitude of penny dreadfuls - shares that should have been ditched long ago. But their owners just held on - and held on - until the value of the shareholding dwindled to such a modest amount that there seemed little point in selling. Indeed, with the sale cost outweighing the value, I believe many smaller shareholders may only be stirred into action by the prospect of offsetting capital gains.
I accept that investment is a rough, tough business with no place for sentiment. Although I find it easy to understand the feeling that it is better to hang on than accept a loss, it is, of course, foolish to let a share's value slip to virtually zero. But many do. I have been guilty of such stupidity. There is little doubt that once a loss is allowed to loom large it becomes much more difficult to sell even if a share continues to lose ground. I bet many small shareholders are still in Marconi, despite its dramatic fall. Bite the bullet and get out before losses escalate, is never bad advice.
One way with to deal with such misfortune is to adopt the stop- loss system under which a share is sold if it breaks through a pre- set level. For example, a 20 per cent fall from the buying price or even subsequent peak, can trigger a sale. As I have explained in the past I am not a devotee of the stop-loss formula. I believe it to be too restrictive. After all a gut feeling can be important in the investment game.
And it is, I must admit, instinct rather than hard facts that scream sell that has so far prevented me from elbowing the clear laggard of the portfolio, Profile Media. Since I discussed the share a few weeks ago it has shown further weakness, although a few buyers have latterly appeared. Profile is trying my patience, but I am prepared to stick with the share for now. One reason for my reluctance to sell is I feel the shares have been heavily oversold. I realise many investors have regretted such charity.
It is, of course, impossible to get every investment decision right. Clearly I was far too tolerant (perhaps too soft?)
I think it all underlines the simple fact that investment is not a foolproof exercise. There are few hard and fast rules. And mistakes will be made. The best that can be expected is to get rather more winners than losers.....
lololol.that is good one.
'traderpirate44' ,
i see and we thank you, but also sometime with out knowing also will say think that may sound like bashers or perhaps very very negative, that all.
its not personal, just a coment that may help for the future
buddy,
all of us we're on the same boat, so here is what individual of us we should do.
(1) wait and see and hope for the best
(2) get out now and loss money
(3) base on your thinking,say we all got screw and live it
like that?
if i was you with all my honesty, after reading your post and see how you feeling and crying , i will report this to the SEC.
why not? better that then craying like baby and make others feeling sorry for you.
come if you are smart man base on what you say, that tell me that you still around thi stock?.
if what you sai is righ, and if i would be you, i would get out of this boards long time, long time ago right? why you still waiting if you think that here are a lot of pumper?. plesse get e to understand thanks.
i gree let'sdo it..
We have all been there little buddy We need to give Trader a BIG GROUP HUG COME ON EVERYBODY!! haha.
always..thanks and diamnonds
great i love to heard that.a lot of people don't think like that.
no problems
careful when you turn the light off don't fall..lo...lol
thanks you the man you are a really gentleman.
half italian and half spain and a bit of american..lo..lol. and you bud?
you right man
always.. but not when some talk bad about ours stock that for sure
here is some news about love for diamonds
Why People Love Antique Diamond Jewelry
Many people adore antique diamond jewelry, and not just because of the value it carries, but also because of the unique settings, and the meaning of having it passed down through the years.
Many people adore antique diamond jewelry, and not just because of the value it carries, but also because of the unique settings, and the meaning of having it passed down through the years.
A lot of antique jewelry can be found set in different stones, such as sapphires and rubies. Even engagement rings were made this way, only they were called betrothal rings, as a sign of being true to someone. Although a ring was not always given, it was a common gesture.
Your Jewelry Is a Future Investment
Your antique diamond jewelry is most definitely worth the venture. The superiority and price will only go up as the worth of the ring goes up and you can counterbalance this purchase by using it as security for future purchases if you ever need to.
Because of the customary high cost, you ought to mull over insuring your antique diamond jewelry, and while this sort of jewelry can be passed on from generation to generation, it would be a shame to have it stolen or misplaced, and lose not only the item itself, but the money that it cost to buy. As a family heirloom, you’ll want the best value you can manage to pay for.
There Are Several Places to Find Your Jewelry
You can discover several places to purchase your antique diamond jewelry all over on the internet. You can also locate antique diamond jewelry at local antique dealerships or at jewelry auctions if you can find one near your city. While you can from time to time pick up bargains at the auctions, for this type of jewelry you’ll likely find yourself bidding against other well-off individuals where price is less of an issue as apposed to what they in fact want.
You will take pleasure in the intricate details that are found in the setting of the ring. They are often only one of its kind to each custom piece, and you’ll likely not find anything like it anyplace else in the world. This attributes to the high cost quite often, as sometimes the scarcity of the piece adds quite significantly to the price.
Remember to always look for the 4C’s (carat, clarity, cut, and color) when making your all important purchase. Whether you are a collector of antique diamond jewelry or looking to buy for that certain special someone, it is imperative that you know what you are looking for and get a piece that is worth every penny spent on it.
well we're green and the volume almost 37 mill is great at least for me.
hard to say...sorry,
of course if not ask the guy that robber the bank?..lol..lo..lo he must love them...lol..lol
to the end..
sorry i meant to i gree with you on that... sorry again budy
never mule you the man mean the best..lol..lo
lol..lol...no sorry..
wowowo sorry..lol
nice hot looking, but if you are a man, how that will impact you?. just a question?.lollol
i miss you buddy let me know how are things with you..and the new house
BRUSSELS, Belgium - A man stole $28 million worth of diamonds from an Antwerp bank where he had been a trusted customer for a year using a stolen Argentine passport, officials said Monday.
Prosecutors say the suspect broke into safety deposit boxes in an ABM Amro bank in the city’s diamond quarter last week. He made off with diamonds weighing 120,000 carats, police said.
Police believe he may have carefully planned the robbery, becoming one of several trusted diamond traders with access to the vault. The suspect had been a regular customer at the bank for the past year, giving the name Carlos Hector Flomenbaum from Argentina.
Authorities now believe that he was using a false identity because a passport in that name was stolen in Israel a few years ago.
Police offered a $2 million reward for tips on the man’s whereabouts. They released a composite photo of a gray-haired man, 6 feet 3 inches tall and aged between 55 and 60. They said he speaks English with an American accent and often wears a baseball cap, and they are appealing to anyone who got to know him during his time in the city to come forward.
The bank discovered the theft on March 5, believing that someone took the stones that Monday morning or the previous Friday from a vault used by pawnbrokers and diamond cutters.
Police did not say why they waited over a week before making the theft public, nor did they mention who had put up the reward money.
In 2003, in the world’s largest safe-deposit box theft, thieves in Antwerp pried open 123 boxes, finding so much loot they could only carry away $100 million worth of diamonds, gold and jewelry.
More than half the world’s diamonds are traded in Antwerp’s gem district, a maze of tiny streets hugging the main train station. Its turnover of $23 billion a year makes it one of the densest concentrations of valuables on earth.
Jewish traders have been there for five centuries. Bearded men in broad black hats still predominate, but Indian dealers have also moved in to the many trading houses and glittering gem stores.
Huge deals are sealed with a handshake and most of the diamond trade is done on trust without a trace of paper. However, that trust is reinforced with heavy security — briefcases handcuffed to wrists, cameras filming the milling crowds from many angles, a special police station, and circles of steel pillars at both ends of the district
the bigers roberry on the history..read this guys about diamonds.
http://www.msnbc.msn.com/id/17581876/
look at htis news...
Gold forecast $750 an ounce (Telegraph 1/17)
The majority of the world's top metal experts, 29 prophets polled by the London Bullion Market Association in its annual forecasting contest, think that gold will reach 25-year highs this year, surpassing the brief peak reached in the speculative surge last spring. Ross Norman, director of TheBullionDesk and winner of the last year's prize (a gold bar), said gold would reach $850 an ounce, up from the current price of $628. "We remain manifestly bullish for gold but this is the year that is going to separate the men from the boys because the old factors of supply-demand we all used to look at are no longer the real drivers," he said. Fifteen of the 29 analysts said gold would reach $750 an ounce or more this year...
yes sir you are right..lol
i do i gree on that..too
thanks mule,
that would be great.
lololol and some gold under the subway who knows?..lol
chatting and thinking one an a while..lol..lo nice to see you general
well who care has long that make us happier right?
i think so, that way they responde right of way..
don't worry i will never think that way of you..if we can work has a group why not right?.
plus i did the first contact, so now that we know they reponse let's go for it.
mule,
that will be nicer thank you...
you never know may happen if comtinuos going that way.
lolo...lololo....llolo