£ Share advice please
Discussion
I bought some shares a year ago after a tip (a bad tip) that a friend gave me.
I bought them at 15p and over the last year they've continued to go down and are now at 4p.
Do shares suddenly get down to 0p and the company goes bust and we lose all our money?
I will 'ate that, Butler!
I bought them at 15p and over the last year they've continued to go down and are now at 4p.
Do shares suddenly get down to 0p and the company goes bust and we lose all our money?
I will 'ate that, Butler!
Edited by Old Blakey on Wednesday 20th August 19:34
No, Synchronica.
They sell something to do with email and mobile phones. They have been bought up by Apple, and recently a Saudi Sheik has ploughed something like £16m into the company, so I was hoping that the shares would start going up again. Last time they sold a bit of the company off, share prices instantly hit 35p, which is why I bought them, but they seem to keep going down, and I'm just wondering if the company is about to go down too!
They sell something to do with email and mobile phones. They have been bought up by Apple, and recently a Saudi Sheik has ploughed something like £16m into the company, so I was hoping that the shares would start going up again. Last time they sold a bit of the company off, share prices instantly hit 35p, which is why I bought them, but they seem to keep going down, and I'm just wondering if the company is about to go down too!
Well you can check out their latest conference here
I'm guessing you've lost most of your money on it so it's really a token to close and take out the remainder. It looks you're in for the long haul if you're waiting for profit. A few options:
Buy more at the lower price: So you average down and you don't need such a move to break even. Of course if you have no faith in the company then this would be a little silly.
Hold and hope: Little to gain from selling so you may as well just hold and hope it bounces back.
Close your position: Write off the loss, put it down to "learning" and be done with it.
I'm not going to give financial advice and I don't know much about the share in general - but just looking at what's been going on in the last few days they don't strike me as a company that's going bust.
I'm guessing you've lost most of your money on it so it's really a token to close and take out the remainder. It looks you're in for the long haul if you're waiting for profit. A few options:
Buy more at the lower price: So you average down and you don't need such a move to break even. Of course if you have no faith in the company then this would be a little silly.
Hold and hope: Little to gain from selling so you may as well just hold and hope it bounces back.
Close your position: Write off the loss, put it down to "learning" and be done with it.
I'm not going to give financial advice and I don't know much about the share in general - but just looking at what's been going on in the last few days they don't strike me as a company that's going bust.
Now that you mention figures (although % wise it doesn't really matter) you could still get out for over a grand so it depends how important that money it is to you. I know personally i'd write it off in my mind as lost money and not look at it for a bit and hope for something positive to happen. You could average - but i'm sure you're probably not too pleased with the situation so it'd feel like throwing good money after bad.
I hope your friend is still a good one after his tip and perhaps just ignore him in future when he tells you of a great stock he's in.
Good luck whatever you choose.
I hope your friend is still a good one after his tip and perhaps just ignore him in future when he tells you of a great stock he's in.
Good luck whatever you choose.
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