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Take the Daily 'Big Winner' Lists with a Big Pinch of Salt.

By Malcolm Stacey

13 February 2015 01:48

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Hello Share Stackers. I looked at the list of big risers today and was gratified that San Leon (SLE) the oil and gas outfit, was up by a third. Wonderful, I thought. Which is always my reaction when I see one of my penny shares towards the top of the 'massive gains' list.

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Comments

Bobby Chariot

13 February 2015, 01:35

I too have been in here for three years Malcolm and have suffered the drop from 7p to 1.3p. Still hopeful that it could turn around if they frack Lewino and get a good result.
Lewino is well overdue now – it was supposed to be drilled H2 2014.
wildrides

13 February 2015, 01:53

The only way out of your mire is to average down or :- sell today and buy back in three weeks , rinse ,repeat ………… on every rise and drop . Its tedious in the extreme , but big inroads can be made over a year or too . One needs to use a diary to remind one to buy them back after the drop in 3 – 6 weeks .
My preference is just to sell them and put the money in a Lemongas outfit that is at the bottom of its trading range . Something like REM is now . Lemongas always seems to be able to pull a bit of news out of the bag when he needs a placing that then sees a 100% gain spike courtesy of the morons. At least for a day or two ( you must sell into the spike )
This is not for Malcolm ( who knows all this ) but any newbies wondering how to get out of their latest the lobster pot .
Malcolm Stacey

13 February 2015, 09:20

Bobbo.Thanks I’ll hang on a bit longer now. Wilders: a spiffing good strategy, as we used to say in Bomber Command. Will try it on Arm Holdings, probably on Monday. Meanwhile, gang, you’‘ ll notice that yesterday’s big winner San Leon is now back in the big losers column QED.