Fawkandles

I'm new to investing, so doubt CGT will be an issue in my first year. I have XEL and CAZA mostly in an ISA so tax free. Otherwise around 6k profit this year taxable. Cross that bridge when I come to it. ALO is a tiny company right now, so I'll forgive them for not having a great website. I'm hoping their 2010 annual report is out soon, and they should have some good news this quarter, but not yet. (Hence why I'm building a stake) I wanted a small explorer, focused as much as possible on uranium, early in its lifecycle. ALO is the best fit. The main risk other than not finding anything is that Mauratania is a dodgy country. My hunch is that the government wont be an issue unless the company is mega successful - doubtful. I can't find anything wrong with the company. BOD seems good, and hold shares. They have already raised cash so no dilution surprises, which also puts strong support under the price now (but maybe some overhang) Just gotta build a stake and wait for 2 years.

AIM is 80% of my savings, 20% cash for emergency AIM trades, so 100% AIM / not AIM isn't the point though. Some AIM stocks are relatively stable. Compare 7m ALO to 700m XEL for example. There are bigger examples but not in my portfolio.

My hope is that companies such as ALO will pay for my deposit, or even house, in 3 years. They are at stage 1 of their lifecycle - only just got some licenses to explore. You don't get cheaper than this in the lifecycle (unless you get in before licenses). Market cap of a mere 7 million. By my rough calcs, FTE are about 18 months ahead of ALO, same sort of company searching for the same stuff in the same country. FTE have a market cap of about 50 million, and they haven't found anything exceptional on their lisenses. FTE are still young, and ALO a baby, so the potential is double or more AGAIN from their stage. (Its not as simple as this but it gives some sense of relativity / potential) Its just a case of being patient. 5k invested at the new lisence stage CAN turn into 100k+ at the later stages. You only need to be lucky with one of these types of investments, and if something goes wrong at stage 2 then you go back to the stage 1 price, back where you started .... well most of the time. I'm not into "averaging up" so like to get a hefty sum in early and let it do its thing, then sell bits in later parts of the lifecycle to diversify. I will be buying plenty more ALO yet under 5p. DYOR etc

ALO shot up 17% whilst writing my previous post No news, nothing, just pure 7m market cap speculation frenzying. I'm off to Dixons for new pacemaker batteries.

I'm also only invested in AIM shares, small ones even for AIM. Not unusual for my profit/loss column to read like this: -20% -15% -5% 0 0 +430% Stick to your plan and hold, unless the fundamentals change, and trade the short term dips if you're confident with technicals.

I think we can safely say this market moves so slowly that picking a good buy-in price should be easy. Just be patient, have a hefty deposit ready, and be sure you can prove income etc. I'm in no rush, but would guess about 18 months yet before things look affordable imho.

The price is just a listed price, doesn't mean it will sell. A selling price is whatever someone is willing to pay for it, so presumably this "priced to sell" means that many people will be willing to pay for it - BUT it could just be a marketing ploy to get dumb buyers to say "DUUURRRH bargain!" and its actually 20% higher than the reasonable price that not many would be willing to pay.

I would suggest Monton, Worsley, Urmston. Fallowfield seems a bizzare choice imho. Nightmare commute to Salford unless by bicycle, and a student/immigrant shitole.

As I have said in another thread, I personally wouldn't get heavily into gold, but happy to have money in other precious metals that actually have a practical use and are likely to be even more in demand in the future, such as zonc, copper, uranium, etc. EDIT - zinc was spelled zonc, but I like this new spelling, or is it a new metal I have discovered? Let the zonc bubble begin!

I'll give it a good home!

"Would like to get into housebuilders at the trough of the house price crash, but who can call that?? Was in March 2009?" Tuna, my hunch is that the trough in housebuilders will be long before the actual house price crash. They will go into a defensive hibernation mode ready for prices going up again, sat on the land bank, not building stuff. They are arguably in that phase right now. I don't have the confidence in my convictions to buy though, in this instance.

I plan to do just this, and on 60k as a trader, with an annual target of 35% gains, or thereabouts off the top of my head. I plan to do it at age 28, but thats an aspiration, and requires semi-retirement rather than leaving all the work to the money alone. You can get a safe 10% from investments (diversity / defensive stocks / cash / bonds / whatever), so 200k answers your question.

Yeah I'm no so into gold. I go for miners that dig for useful stuff like copper and uranium etc. These companies sometimes do gold too, but not exclusively. I just don't 'get' gold. Never have. Don't get beat up by retrospect, you'll lose your hair. Just ask yourself if you would do the same thing again with the same knowledge you had then. I try to learn something from each mistake, but not a silly Captain Hindsight pro-tip!

Thanks again for the help. Noted. i will just ignore the agent, or inform them that "I cannot accept correspondence by mail"

I never go back into anything I lost on, not a falling knife anyway. Plenty more opportunities out there. Re stops, no I would never use them on the AIM. NEVER. Unless it was a stock with a large cap too big for the aim. I tried using them to buy incase there was a freak movement but they never execute anyway. Just check prices daily and be try to predict direction, extent, etc, on news contingencies. I'm 15% down in ALO already so what do I know! Will top-up when funds allow, below 4p. Confident in this one. Even where I have lost money to date, I wouldn't have if I stuck with my gut feeling.

So this rolling contract thing, is this some sort of general law that allies to people in my situation? Like a default setting? Thanks for all your responses. Very reassuring. I look forward to writing a sarcy letter informing them that I invite them to pay a share of my gas bill!

Hi Just got a letter off of Reed Reins scumbag letting agents about my tennancy agreement that is ending soon. I will type it out for you, and your opinions about my options arising from it would be most welcome. Dear Fawkandles From our records we see that your tennancy is due to end on 02 March 2011. We have written to your landlord to ask if he is agreeable to the tennancy continueing for a further period. If the tennancy is extended you will in due course be asked to forward payment of £75 as your share of the administration costs. We cannot accept telephone instructions END So, its my understanding that I pay rent to these idiots, and they give most of it to the landlord, keeping some for costs and some for profit. Right? So why should I pay "a share of the admin costs"? I ALREADY PAID YOU!!!1! What can I do about this? Its a matter of principle and I refuse to be ripped off. The sneaky bastards have put in some optional tickboxes about agreeing to an extended tennancy, and presumably agreeing to the fee, and then a dotted line for my signature. :angry:

Good shout on uranium guitarman, I have high hopes for it too but in a different stock (ALO) Bottom draw investment, just leave it and don't bother monitoring it too much for months. I feel ALO is not only exposed nicely to uranium generally, but a young company yet to get going - so hopefully a serious multibagger for the future - my biggest punt in the portfolio. The sort of share that correlates to the metal it mines but with a massive beta relationship to it - well thats the plan anyway! Glad to hear your other stuff is ticking up! Was thinking of you when I checked YELL and VOG prices the other day. These were two shares I ended up in loss in, and had to sell-at-loss or wait conundrum that you've had recently. Sucks. But anyway they have both recovered so I could have waited.

Put in investment sub-forum please FAO mods

And here is CAZA, another share of mine that is very predictable from a technical perspective, apart from the last MACD crossover that tricked me lol. This one happening now should be the biggun!

I have been monitoring Herencia Resources for some time now, and been using technical analysis to trade it successfully (I wish I could say it was for large sums of money!). It behaves very well from a MACD perspective despite its news-driven agenda. Check out its price history in relation to the MACD crossovers, RSI>80, and secondary crossovers of the upper Bollinger Bands (not the initial crosses, the ones at the end of a rise). Strong sell signals imho, and am testing this theory with my hard-earned cash! If I'm wrong the price will leave me behind and I'll cry like a baby :angry: My pretty picture isn't showing

Guitarman, you may be the unluckiest investor I know of. Don't let it get you down, just diversify and do more research etc. Jonesinamillion - have a read of this link. It has recommendations for 10 little AIM stocks including some gold miners. Be aware it is the opinion of one man, but he is a sensible investor imho. http://thesharehub.com/?p=360

Why just focus on gold? Plenty of other metals looking just as profitable if not more. Silver, copper, uranium. Personally I recommend Herencia Resources. Have a read about them . ALso, you may get a bargain price next week as I reckon they are due to fall a little after the recent volume buying.

I was glad to see that that chap named Hub also thinks oil and miners are the place to be in 2011. He also tips CAZA and HER, same as me Glad to see Jaywall is in the same mindset, even if he does go for dodgey african ones! (although I picked one too... (ALO)