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.
Today folks in my podcast I look at the sad cases of Maple Energy, Beacon Hill, Ultrasis and Quindell on the theme of its never too late to sell and why folks just do not behave rationally. All three are heading for wipeout so why is it that we some folks hang on? I also look again at Jiasen the Chinese company I had a go at yesterday in light of a phone call received today. If anythig it makes me even more bearish.
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Comments
peter kerslake
Dear St Thomas, You are magnificent. I have assembled 150 disciples to gather your next years olive harvest. In return we humbly ask for free lifetime membership to niftystock50 rockets. We have also discussed free dinners at the Real man pizza for the next 15 years, but in deepest respect have reduced this to 5 years, plus free delivery of olive oil.
wildrides
Peter …………. I hope you realise that Tom produces Virgin Olive Oil. Therefore in order for the produce to be fit for sale under trade descriptions legislation your 150 workers supplied must be female virgins . Virgins in that quantity with the required travel documents and permits to work in Greece are quite scarce so good luck with that . I look forward to viewing pictures on SP in the near future of the 150 virgins squeezing the olives between their golden tanned thighs in order to extract said oil . I bet you thought it was done with a press ………oh no …….thats just for the common or garden olive oil .
Tom S
Hi Tom,
Fortunately I don’t own any of these. I must admit I’ve been entirely long so far in share trading, yet successfully worked out quite a few companies whose share price is clearly overvalued e.g. IGAS at over 100p previously and I think I’m missing out.
At the UK investor show, will there be a seminar on shorting, and how to do it e.g. who to use/ways of doing it (spreadbetting? Brokers?). Thanks for the bear cast, and I enjoyed reading about your olive harvesting (wondered how that was done and great pics and financial analysis!).
Things continue to look very bad at AMI, though there is a very small chance they may turn it around.
Best Regards,
Tom S