Well I am starting to clean up my portfolio and focus purely on my 10pc return strategy at the moment. So I curse and hate Montague Pitman stockbrokers... they are complete cowboys and a disgrace to the industry... but of course I learnt that the hard way.
4-5 years ago when my stock trading days began I became part of thepump and dump scams... I'm sure many of you have had the old phone calls about "the next hot stock" out there that "you absolutely must get involved in"
Well Mr Montague Pitman - i put 2k of my heard earned cash into 2 such stocks thinking it might be worth a punt. Of course I knew nothing at the time about the lack of liquidity, the massive spreads and the amount of cowboys involved in the AIM end of the market. Subsequently as always seems to be the case with these guys I got a shitload of tossers dumping their shares into the nice buying strength that MP provided!
Well I finally sold one such share today for a 750 quid loss.. mind it could have been much worse but I decided to dump these and move on with my life. Plus all the directors have been selling too (probably off the back of fears around a bit of a market sell of after the recent rally)
I also impatiently jumped in and bought Vislink at .279, canceling my order at a previously cheaper price... they have jumped 10pc today so pleased I had the nerve to do this.
I also have gone and done the same with Upstream but placed a buy order here as I refuse for my 1k investment to turn into 75 quid return!!!!
NEVER EVER EVER follow up on a tip without doing your own research and never as a newbie invest in penny stocks, unless you are shorting the f*ck out of them! You'll only screw yourself in the end!
Buys today: Vislink, TEP (303p - again higher than wanted but with strong performance, good charts, director 10 million purchase at 297p - it still looks good for me and remeber my strategy is only for a 10pc return after fees!)
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