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MAJOR DEAL RUMOUR-POSSIBLE 200% GAIN
ticotonic - Mon, 29 Dec 03 :
Thanks for the response to my rather inflamatory post 2757. Several posts have disagreed with my logic! Therefore some explanation:
Firstly I prefer to buy with a rising price on positive sentiment than on a falling price. If I had wanted more TRT I would have bought them at the time of my first purchase - or would have pyramided up. Thats not to say that I am currently unduly concerned about my punt which is in profit. This company does seem to have excellent prospects.
Secondly, I like TDM because of its wide selection of opportunities. The relationship with TRT only relates to one aspect of TDM's activities.
Thirdly, I got in early on TDM and bought more as the price increased, my average being 35p. Although no-one wants to lose paper profits, the price would have to drop to, say, 100p before I became concerned. I don't think it will do that and also believe that the warrant situation (soon to be cleared) has held the price back recently. The company didn't need the cash or want share dilution and it is quite likely that the crossing of Ts and dotting of Is of certain deals have been briefly delayed so that the company could legitimately hold up RNSs.
I agree that it is all about risk and reward and virtually all my investments (TDM, TRT, BPRG, CYH, NSB, HIF, HCEG) are in the category of possible 50% loss (if you can get out quickly enough when disaster looms) or 100+% gain.
I prefer to hold if viable rather than to trade in and out (due to spreads, dealing charges, risks of being left behind, taper relief on AIM stocks, etc.).
I'll admit to having done less research on TRT than other stocks which is why I have a smaller holding and consider it (possibly wrongly) riskier. I'm at fault there. I'll also admit to reacting a touch to what I consider to be vizz's subtle and intelligent deramping of TDM (a stock of which he admits he is not a holder).
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