Diamonds in the rough

D

Dr Who

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Hi All

Fresh from my pot luck speculation on Lonmin which netted me a nice 82% return in a few weeks, does anyone know of any other rough Diamonds out there?

As Much as I would love to be a trader I do not have the time to look under every stone for value, the last success was due to an article in the paper ( LON) which picked up my interest. So any other such options out there?

I will consider them and then let you know how I do good, bad or lucky.
 
Dr Who said:
Hi All

Fresh from my pot luck speculation on Lonmin which netted me a nice 82% return in a few weeks, does anyone know of any other rough Diamonds out there?

As Much as I would love to be a trader I do not have the time to look under every stone for value, the last success was due to an article in the paper ( LON) which picked up my interest. So any other such options out there?

I will consider them and then let you know how I do good, bad or lucky.
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Do you still own Lonmin shares? As of now they are worth R1.89 per share...
 
I would say that a diamond in the rough if Advanced Health LTD. I have had a 20% profit so far.
Though I suspect you need something to trade and make quick bucks? Advanced Health is my long term investment as there is not a lot of volatility on the share price... just a steady clime over time.
 
terencej said:
Do you still own Lonmin shares? As of now they are worth R1.89 per share...
Click to expand...
I don't think he's referring to shares, he must be talking about an instrument which uses LONMIN as an underlying asset.

Like a CFD which he sold when the share price starting gong down the drain.

By the way, this morning someone bought R108k's worth of LONMIN shares, so some people still have hope :D
 
Hi All

Yes I do, sold 50% of my stake for almost the same value I invested in so I am basically even. However I do still own Lonmin and not sure what the next steps are. As I said in the beginning this should be an interesting journey.
 
YingYang said:
I don't think he's referring to shares, he must be talking about an instrument which uses LONMIN as an underlying asset.

Like a CFD which he sold when the share price starting gong down the drain.

By the way, this morning someone bought R108k's worth of LONMIN shares, so some people still have hope :D
Click to expand...

I'm considering buying some Lonmin. Just imagine they jump back to R10 a share and you only paid R2 a share.

btw, how can I see this info about how many shares was bought and sold at what time?
 
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terencej said:
I'm considering buying some Lonmin. Just imagine they jump back to R10 a share and you only paid R2 a share.

btw, how can I see this info about how many shares was bought and sold at what time?
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Do you have an online share trading account? You can see it there.

Have a look on the right. It only shows the last 30 transactions though:

lon2.JPG
 
I wonder, do you guys actually ever make a lot of money doing this?
I know a guy who owns a telecom company well he is the CEO of one he started, he plays the market but plays with enough money to make excellent returns, he is a big gambler as well.

What I keep seeing is guys make a bit and lose a bit, seems always evening itself out.
Do you really make money or am I correct?
Very interested to know
 
marine1 said:
I wonder, do you guys actually ever make a lot of money doing this?
I know a guy who owns a telecom company well he is the CEO of one he started, he plays the market but plays with enough money to make excellent returns, he is a big gambler as well.

What I keep seeing is guys make a bit and lose a bit, seems always evening itself out.
Do you really make money or am I correct?
Very interested to know
Click to expand...

I have not traded yet. I play with dummy accounts but usually loose my money. haha
I do invest monthly though. Letting it grow over time. That seems to work for me.

But this Lonmin situation is tickling my fancy to buy and sell a bit. dammit!!
 
so its recover or tank for lonmin. lots of money lost. wondering if its worth a go.
 
akescpt said:
so its recover or tank for lonmin. lots of money lost. wondering if its worth a go.
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I get this eerie feeling that something or someone is going to bail them out somehow, or at least put them on better track. I suspect that if they somehow close down South Africa will sit with a m**rse problem
 
akescpt said:
so its recover or tank for lonmin. lots of money lost. wondering if its worth a go.
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You'll probably lose. They just made a R2bn loss and have gone back to shareholders with cap in hand to ask for R6bn. Without that funding shareholders will lose everything as the company will tank.

Problem is this is like the 3rd time in 5 years where they are asking for a bailout
 
To me it seems more like a game and a gamble for people.
Unless you are involved in a company that is traded or you play with huge money its all just a game and you eventually break even if you are lucky
 
marine1 said:
To me it seems more like a game and a gamble for people.
Unless you are involved in a company that is traded or you play with huge money its all just a game and you eventually break even if you are lucky
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Share trading is a calculated gamble because as a shareholder you don't really know what the hell goes on at these companies even when they're supposed to be public. The reporting methods are so complex they could easily hide huge losses while reporting profits. If you really scrutinise a companies balance sheet and know where some of the numbers come from it'd scare you. They are allowed to claim value a lot of arbitrary crap that doesn't add value.
 
marine1 said:
Yes I know but but I don't know anyone that has actually made money trading unless you actually are a broker or you play big.
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Day traders historically have lost money and never beat the indices, especially when you consider fees. You will need to do research on a common stock and make sure that you buy at the correct price - not buying because there is 'growth' there and not selling because the market is crashing.
 
Piesank said:
Day traders historically have lost money and never beat the indices, especially when you consider fees. You will need to do research on a common stock and make sure that you buy at the correct price - not buying because there is 'growth' there and not selling because the market is crashing.
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Interesting thanks
That's what I thought
 
marine1 said:
Interesting thanks
That's what I thought
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Look I'm no expert - so what I did was find out what the experts recommended and came up with The Intelligent Investor - which I bought from takealot which was on sale and cheaper than other online retailers - probably because a new edition is coming out - interesting read if you want to get into share investing.
 
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