Cattles

Pound foolish · Feb 28, 2009

I have just put a limit order in for Cattles at 4.5p. They crashed 75% a week or so ago and look set to recover around half of that short term I think. CTT

There is a reason for the crash but I dont think they will fall much lower and a small investment now may be worth the risk.

MrMiyagi · Feb 28, 2009

Pound foolish said:
There is a reason for the crash but I dont think they will fall much lower and a small investment now may be worth the risk.

I would imagine Cattles future lies solely in their ability to get a commercial banking licence, which they've been pursuing for some time.. given the climate it would seem unlikely they'd ever get it...
I bought the bugger when it looked cheap at 18.5 and got out at 10

foredog · Feb 28, 2009

They went down as they have delayed results, never a good things and they've stopped new lending.

In my opinion the only way they'll go up is a bear squeeze.

Look at Northern Rock, looked cheap and then one day they weren't.

just becasue they are 4.5p doesn't make them cheap, you can still lose 100% of your money and with a company like this it's just a 50/50 gamble

Boom or bust.

your money, do what you like but i don't like those odds............

foredog · Mar 3, 2009

I hope this wasn't big punt.

If you have lost money on this trade please learn from it.

Things go down for a reason. In this case the company was screwed financially. I'd say it was a 50/50 gamble at best.

PokerBrat · Mar 3, 2009

Just coz something looks cheap, doesn't mean it wont get cheaper. Bottom feeding is a risky business. Especially in this market, which seems to have no bottom.

megamuel · Mar 3, 2009

Ignore these guys, they don't know anything... Go and buy a load more at 2.80p Thats a sure fire way to make money

Oooooooooooonly joking! Bottom picking is for queers

Pound foolish · Mar 4, 2009

megamuel said:
Ignore these guys, they don't know anything... Go and buy a load more at 2.80p Thats a sure fire way to make money Oooooooooooonly joking! Bottom picking is for queers

bought on a limit order of 4.5p. actual price paid 2.66p.

hope to sell tomorrow for 3.5p to cover costs and a few bob profit.

Was always a punt, didnt move today when everything else did!

I did WLW dont want another loss on my beginners books!

porph · Mar 5, 2009

I worked for these chumps briefly a few years ago as a credit analyst. I only wish I had had some spare cash at the time to have shorted them... (price was somewhere north of £2/3)

Pound foolish · Mar 14, 2009

porph said:
I worked for these chumps briefly a few years ago as a credit analyst. I only wish I had had some spare cash at the time to have shorted them... (price was somewhere north of £2/3)

It's been poor week for this one I think I'll dump them Monday at any price!

Looks like they are going to do a Woolworth and I dont want to be holding when it happens.

Better to lose a bit than the lot.

foredog · Mar 15, 2009

These stocks are penny shares for a reason...they're crap

Try and sell stuff thats going down and buy stuff thats going up, not the other way round.

It's much easier to rie a trend thand fight it. OK the ones you do hit at the bottom may make £££ but the others will soon take this back

Pound foolish · Mar 21, 2009

foredog said:
These stocks are penny shares for a reason...they're crap

Try and sell stuff thats going down and buy stuff thats going up, not the other way round.

It's much easier to rie a trend thand fight it. OK the ones you do hit at the bottom may make £££ but the others will soon take this back

Sell while going down and buy while going up? Heard mentality? but good advice if you buy just as it starts rising and sell BEFORE it really starts falling. I have seen the most traded lists have shres being sold and bought. These are the ones on the move in any day and where quick gains (and losses) are.

I suppose the nack of day trading is to buy before the previous day's low and sell just before the previous day's high and I bet there is a timing patten too with profit taking just before lunch and rise after lunch as people buy back in and a slight fall just before close as people bank profits for the day.

As with catlles the recovery had been and gone and it was not going to do it again! I took a small loss and I am greatful to get out with something on this one!

foredog · Mar 21, 2009

Nothing wrong with herd mentality when trading, just as you said it's knowing when the bulls start running and when they are tired and slow down/stop.

Pound foolish · Mar 21, 2009

foredog said:
Nothing wrong with herd mentality when trading, just as you said it's knowing when the bulls start running and when they are tired and slow down/stop.

Bulls & Cattles love it!

foredog · Mar 21, 2009

Pound foolish · Mar 28, 2009

What a bugger! I sold at 2.01p and they went up to 4.0p last week for no apparent reason!

Instead of a samll loss I could have made the gain I went in for.

Still all things considered I am glad I got out as I still feel this one could go suspended at any time!

foredog · Mar 28, 2009

Pound foolish said:
Still all things considered I am glad I got out as I still feel this one could go suspended at any time!

That's the key, get out of the not so good ones and stay with the winners. You'd be more fed up if they got suspended and you lost all your money.

MrMiyagi · Apr 23, 2009

was just a matter of time wasn't it Shares suspended in sub-prime lender Cattles | Business | guardian.co.uk
were does this leave people with loans from Cattles?

anley · Apr 23, 2009

MrMiyagi said:
was just a matter of time wasn't it Shares suspended in sub-prime lender Cattles | Business | guardian.co.uk
were does this leave people with loans from Cattles?

I don't know but there could be a chance of the loans ALL being cancelled and nothing more to pay!

I could be wrong though :cheesy:

Pound foolish · Apr 25, 2009

anley said:
I don't know but there could be a chance of the loans ALL being cancelled and nothing more to pay!

I could be wrong though :cheesy:

You are wrong! the debt will be sold on to a another. debts only disappear when you can no longer pay, bankrupcy or death!

anley · Apr 25, 2009

Pound foolish said:
You are wrong! the debt will be sold on to a another. debts only disappear when you can no longer pay, bankrupcy or death!

Oh, you don't say.

And there I was thinking that in this hyper capitalistic society that if a bank went broke ALL debts would be forgiven, sort of like a bonus to the borrower.

Thanks for correctly me

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