I had a bad feeling about Oxus (pre-dominantly because it was a rubbish trade without me backing this up with my selection criteria) and well that proved to be very true with results out today.
Net debt up, financing being sourced for developing their latest mine which has now been delayed until 2011... blah blah. A lot of positive spin on a lot of bad news litters the rest of the results... in short I saved myself another 200 odd quid loss by getting out while I was feeling concern. Defo made me more likely to go ahead and do this again in the future rather than hanging in there for a rally!
TyraTech (REGS) - another proactive investors stock. up 50% today on director's purchases and notification of first shipment of it's new SafeShield insecticide! I'm not even going to pretend I was looking at this one but I did have a quick scan when my invite to the session came through as well as when one of my mates dropped me a line saying how annoyed he was at missing the boat on this one! Better to miss a boat then hop aboard one that sinks! This could still be a buy though...
Blog Archive
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2009
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May
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- Two new buys
- A nice new pharma I discovered - SPH (Sinclair Pha...
- BAY is a lame duck; Intec Telecom looking good
- British Airways to tumble & a medical technology tip
- Bye Bye Medusa
- Colt Telecom flies, TEP a bit boring.
- BA.... what's the story!
- Cutting losses really does save you money
- My trades for Monday
- The Naked Trader Wrap up
- My first milestone... cutting a losing trade!
- Alpesh Patel & Level 2!
- BA - sold at 162p
- Why Selftrade piss me off..
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May
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Monday, 18 May 2009
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