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Rover

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Been thinking for a good few weeks that we MAY be at a pivotal point. Where unrealistic gains on afore mentioned stocks maybe due for a retracement.

Anyone holding on short positions on these.

I'm particularly interested in BDEV, especially due to their intentioned cash call.

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Not on BDEV it wasn't. :(

I'm on a bad streak - if only the Government would underwite my irresponsible gambling with my money. Damn, there's the flaw - it was my money. Buggar.

Anyone care to guess the result of BDEV's rights issue - they fell sharply on opening, as per my cunning plan, but rallied and I had to increase my stop loss. Any further gains will wipe my position out tomorrow and my wife and kids will have to be sold for medical experiments.

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Not on BDEV it wasn't. :(

I'm on a bad streak - if only the Government would underwite my irresponsible gambling with my money. Damn, there's the flaw - it was my money. Buggar.

Anyone care to guess the result of BDEV's rights issue - they fell sharply on opening, as per my cunning plan, but rallied and I had to increase my stop loss. Any further gains will wipe my position out tomorrow and my wife and kids will have to be sold for medical experiments.

You have the right idea, but your timing was awful. Read the prospectus of the rights issue if you have not already done so.

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You have the right idea, but your timing was awful. Read the prospectus of the rights issue if you have not already done so.

Looks like Cazenove piled in some shorts to save my bacon.

I'll have a look at the prospectus pm Shugs, care to illuminate my timing errors.

PS. The wife and kids look relieved :rolleyes:

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Looks like Cazenove piled in some shorts to save my bacon.

I'll have a look at the prospectus pm Shugs, care to illuminate my timing errors.

PS. The wife and kids look relieved :rolleyes:

As the rights issue placing to the market is not until around mid october, whereby the the share price may fall, I have, over the past year or so, monitored the actions of rights issue placings, and have noticed that manipulation takes place. Firstly, the company that is due to have rights issue share placed in the market, the values go up until the last day of trading before the rights issues shares are tradeable the following day. Long then short positions are taken by many. Just something I have noticed, and also, from experience, that it is difficult to get in on the act as the big players take all the market. As a result, I will never leave share trading and will avoid all other forms of trading and stick with owning assets rather than borrowing etc... Also, I have noticed that timing in buying shares upon placing pays off pretty well, as so often there will be an increase in the share prices to a given ceiling which represents a good profit making trade. The problem with CFD, spreadbetting, is that you never own assets, and if they go down or up, against your bet, you lose. At least with owning an asset, if it goes against you, it will be temporary and you will gain. Far more sturdy than bets. ;)

Overall, it is more likely that you may gain more confidence after the placing, rather than before. My opinion from what I have monitored over the year or so.

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The problem with CFD, spreadbetting, is that you never own assets, and if they go down or up, against your bet, you lose. At least with owning an asset, if it goes against you, it will be temporary and you will gain. Far more sturdy than bets. ;)

Overall, it is more likely that you may gain more confidence after the placing, rather than before. My opinion from what I have monitored over the year or so.

I suppose you don't have to pay tax on a spreadbet but probably still doesn't compensate for the risk of not owning the asset.

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I suppose you don't have to pay tax on a spreadbet but probably still doesn't compensate for the risk of not owning the asset.

Absolutely. We would be punching the air in delight if the bet pays off, but getting it wrong won't half do your head in.

Rover:

I will PM you later, after work. ;)

God DAMN!!! stinking website, spent over an hour with a PM to rover and as I send it, it logs me out and so lose all what was written. Someone smash the thing with a sledge hammer please! :angry:

Edited by shug

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Not on BDEV it wasn't. <img src="http://www.housepricecrash.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/sad.gif" style="vertical-align:middle" emoid=":(" border="0" alt="sad.gif" />

I'm on a bad streak - if only the Government would underwite my irresponsible gambling with my money. Damn, there's the flaw - it was my money. Buggar.

Anyone care to guess the result of BDEV's rights issue - they fell sharply on opening, as per my cunning plan, but rallied and I had to increase my stop loss. Any further gains will wipe my position out tomorrow and my wife and kids will have to be sold for medical experiments.

Struggling to PM you Rover, as this website is pretty ******ed up now, but in a nutshell, you are right in theory. Will PM you as soon as this site gets working correctly.

Lots of RIs due within the banking sector soon, and worth keeping an eye on this news: http://business.timesonline.co.uk/tol/business/markets/article6856555.ece

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