Sirius Minerals Forum

goldmind: I prefer to aim for medium (40%) gains and try to protect myself. Problem is that stop losses do not protect you as the MM shake the tree on interesting shares and you end up having to buy back in at higher prices.

Justaname: know what you mean about palpitations - I was sat at the tea table with my wife asking why I kept looking at my phone, whilst trying to work out how to tell her I'd lost lots of money! Phew - came good in the end - sort of, my average is 19p.

Justaname, OscarCool do you like binary bets, big win or lose everything?

OscarCool: Many thanks for the advise. Have other long term share investments and really bought into this on a whim...just turned out to be good advice! Might stay put and see what next week has to offer...already had the heart palpitations from the planning meeting so can't see that financing is going to make me lose much sleep. Hoping it goes +++++

Hi Justaname - This is the eternal question. Are you in this for short term gains - in which case you can sell as soon as you like. If you are more interested in building up a portfolio then you may want to stick. There is an RNS due on monday that may give more upward pressure on the share price because this is about how SXX will fund the the build of the mine - if, however, shareholders see a dilution (raising money by issuing more shares) then this may cause a drop. No-one outside the company knows the answer to this. In the end, it is your decision. what are you after? if you are happy with 50% + profit then pull your money now, if you think there is more to come then stay put.

New to trading...but bought in on some pals advice back at 14.5p. Happy with the inital jump to 29p and thought it would push on to 40 but sat around 22.5p all week. Do I stay in or take my small profit and run?

Beware of those making exaggerated statements designed to get the uninformed to buy-in to push the share price up so they can sell and buy back later at a cheaper price because fund raising for this project may include issue of news shares at a discount. Long term holders are safe.

What is going on here? Buy volume for the day is 19,836,136, and the sell volume is 9,395,919 but yet the share price when down. Is the AIM system dyslexic? For long term share holders its certainly not a problem but for those looking to cash-in on an increase in the short-term might be disappointed.

What bounce are you on about

Retrace back to 15