Share Advice

[c0ldpl4ya]

Hi, I'm seeking some advice on what to do with my shares.
They are all AIM shares, encore oil,gkp, max petroleum, BPC, Cadogan & the like. I invested around £9k in january in many of these companies some with £1k some with as little as £200 (yes i realise iv spread myself too thin- captain hindsight)
But now im sitting at a £2k loss due to investing at a very bad time, first japan, then egypt and the rest of the middle east and now all this PIGS Crap.

So the advice I need is whether to realise my £2k loss and hope all my shares continue to endlessley plunge for no other reason than market sentiment and buy back later or should I hold out for a year and hope things turn around? is it realistically only going to get worse as Italy and spain seek bailouts and greece defaults again?

Wish I'd have sold in May like many people on investing forums were saying! would be quids in now seems to be some absolute bargains about!

Thanks in advance

[fid]

I'd hold and sell each as and when appropriate. They're probably all capable of a short term increase of 20% to recover your current paper loss. Some might even be undervalued at present - CAD is, in my view.

[sinizter]

Hold and wait for some recovery ?

The shares may be somewhere near or at the bottom now.

[c0ldpl4ya]

Yeah that is what I was thinking. All seem very undervalued but thats not really due to their performance its more the general market. Which makes me think will they just carry on going down in the foreseeable future until the european issue is dealt with?

[fid]

If that's your view, don't sell for a loss, buy for future profit! Unless you need the cash right now.

[ghamer]

Hold,a couple of years I,d say.

[Turbodiesel1690]

Sit on them. To quote old Warren Buffet, 'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. '

[c0ldpl4ya]

yeah iv tried to stick to the other saying of buy when others fear and fear when others buy (or something along those lines) sadly dont have any other funds to buy up anymore shares at the moment!

[DonkeyApple]

Look at each one and verify whether the original reason for investment remains or has changed and act accordingly.

If you cannot afford to lose the £7k left then bin the lot regardless.