Shares in Sirius Minerals tumble after it suspends financing on its massive mine

[TheGuru12]

https://www.gazettelive.co.uk/news/teesside-news/shares-sirius-minerals-tumble-after-16706567

 

Bad news for Sirius Minerals! 

[nit2wynit]

Luckly i only bought £100/500shares, back when the price was about 21p.  However, i'm down about £50 now.

Not holding my breath on this one.

[Nelsy-Boy]

Hi @nit2wynit May I ask if you use your IG graphs and indicators before physically purchasing shares?

[nit2wynit]

14 hours ago, Nelsy-Boy said:

Hi @nit2wynit May I ask if you use your IG graphs and indicators before physically purchasing shares?

Hi, usually I do yes, but on this occasion, I took a risk with £100.  A risk that is about to fail.

Why do you ask?

[nit2wynit]

15 hours ago, Nelsy-Boy said:

Hi @nit2wynit May I ask if you use your IG graphs and indicators before physically purchasing shares?

Actually....Graphs? :O  No. what are they? 

 

[TheGuru12]

17 hours ago, Nelsy-Boy said:

Hi @nit2wynit May I ask if you use your IG graphs and indicators before physically purchasing shares?

Actually purchasing shares there are far better sources like the company's RNS announcements of just looking at the books. Stockopedia is phenomenal in this area. 

[Nelsy-Boy]

@nit2wynit I say graphs but I call them charts as well just to confuse me. I only asked as I have seen your posts on spread betting and wondered if you used the same principles as betting as you do when you physically buy shares.

[nit2wynit]

15 hours ago, Nelsy-Boy said:

I have seen your posts on spread betting and wondered if you used the same principles as betting as you do when you physically buy shares.

I obviously do when it comes to Sirius haha.  But Pinterest is on the Move hopefully.

[TheGuru12]

15 hours ago, Nelsy-Boy said:

@nit2wynit I say graphs but I call them charts as well just to confuse me. I only asked as I have seen your posts on spread betting and wondered if you used the same principles as betting as you do when you physically buy shares.

No one should. Shares are longer term. Spreadbetting is more speculating shorter term. 

[Nelsy-Boy]

@TheGuru12 If you have a decent strategy based on the daily chart for spread betting. Do you think you can obtain a decent strategy based on say a weekly or monthly chart that you can use to physically buy shares based on chart TA alone?

[TheGuru12]

9 minutes ago, Nelsy-Boy said:

@TheGuru12 If you have a decent strategy based on the daily chart for spread betting. Do you think you can obtain a decent strategy based on say a weekly or monthly chart that you can use to physically buy shares based on chart TA alone?

Perhaps, Depends on your own trading style. 

Edited August 8, 2019 by TheGuru12