BATM Advanced Communications BVC

This morning was the year end results for BATM Communications. I checked onto the LSE site at 9.00am French time and saw that there was an item of news for BVC. I clicked on it and found a report from Reuters that BATM results were not good and they were not going to pay a dividend!! So I quickly got onto TD Waterhouse and sold my shares. I made a loss of £24 but that was a relief as the sp fell below my sell price and the likelihood of it improving soon is not great.

I was then able to put that money into Orogen Gold (ORE) where I bought some shares at 0.96p. I have been following these for quite a while as MVC but they changed their name today so I thought that might be an omen!!

I must learn to be smarter!!

With the rest of the money from the sale of my Low and Bonar shares, I topped up my TSTR. I bought some more at 1.03p. Later in the day they moved up and at one point I could have sold them at 1.14p but I didn't as It wasn't that much of a profit. Later when I looked the price had gone down to 1.10p So it is possible that I could have sold and then bought in again on the retrace but I am not that quick or  adventurous at the moment. If I had sold and was not able to get back in I would still have a profit, so I must try this at the next opportunity.
My Tangent shares are strange, there is a wide spread and the only people buying them seem to be the directors, which isn't a bad sign. Be nice if they moved a bit more though!
VOG is doing OK, closed at 6.3p yesterday and is hovering around that mark today. We are still waiting for the licence and hopefully that will be soon.
I want to buy some shares on the New York stock exchange so that I can spread my money around the world economies. So if anyone has some low value shares they think are of interest, then let me know.

Another RNS !!

Woke up late this morning and found another RNS from Sunrise Resources SRES, this caused a rise in share price of about 13%. After the barite results last week, they have now started drilling for gold in Long Lake, Canada. Certainly, for a small company they are having a go and I hope they are successful. Results are due in 6-8 weeks time!
After the excitement of the last few days at VOG, the share price (sp) continues to stay over 5p. It was intreresting to read the views of Broker Man Daniel on VOG
http://brokermandaniel.com/2010/11/11/victoria-oil-gas-fireworks-update/
I would be delighted if the sp gets to double figures as I will be selling my shares. I will then try to get back in on any dip in price but this time using my UK dealer.
Currently I have 7 different shares and my aim is to have a share in each market sector. I have taken the market sectors from British Bulls, http://www.britishbulls.com/, and as such there are 14 different sectors. It does mean that my investment in each share is small but also the overall risk is reduced. The other side of the coin is that the potential for big gains is reduced!

Victoria Oil and Gas VOG

Well today the share started to move steadily upwards and at one point reached 5.4p! Also at one point in the day it was the top volume share on LSE. The BBs were full of posts and a number of long holders were able to sell at a profit and other new faces appeared. There was much talk of what would happen when the licence is received and what the sp will be in 2 years time. I am still with my sell target of 10p. It is difficult to change because of the situation with my French bank. If I was with a UK online dealing company then it would be easy to decide when to sell. Indeed, today some people sold at 5.15 or more and bought back in on the retrace. I think that is OK to do near the end of the day but in this instance I wouldn't do it in the morning or you may never get back in.
All my other shares showed a little movement up or stayed still, better than losing money! I also took the time to get verified on Interactive Investor website so that I can post comments. They had some problems with people posting negative comments and were threatened with High Court action, so now everyone has to be checked to avoid possible litigation.
I wonder how VOG will do tomorrow and when it will receive the licence?

First trade

Ok, so I opened a share trading account with HSBC France, I thought it would be simple but as with many things French, it wasn't. To trade on the Paris bourse is relatively easy but to trade in London required me to fill in a form and send it by post to my bank!!! Then there was the shock of the charges, £29.28 to buy then €91.47 commission!! I rang the bank and asked how I was expected to make any money and they agreed to give me 50% reduction on the commission. They had a breakeven point of £1.35 so it looked that I would be working for the bank. Still, it was a start.
Why did I choose GKN? I think you have to be able to convince anyone why you are buying a share otherwise you are gambling. Well the first reason was sentimental, I had applied for a job with GKN nearly 40years ago. I didn't get it but they were a company I had had contact with.
Secondly, when trading CFDs I had traded GKN and made some money and they seemed to go up to about £1.20 and then back to £1.02 so I figured I could make a little money.
Thirdly, with a western governmental startegy of boosting the car industry, I figured that GKN ought to be able to take advantage of that.
The first couple of days the share price went down to about £1.03 then it went up and never fell below £1.05 again.
Whilst CFD trading I had discovered bulletin boards(BB) where people post comments about nearly every share traded in London. The 2 that I read are London South East (LSE) and Interactive Investor (iii). I signed up to both and regularly post on the LSE site. It is worth noting that the quality of posts varies enormously, from abusive nonsense to informed research. To trade successfully you need as much information as possible and
I found that the BBs were very useful. To start with people mentioned things I new nothing about, like MMs (Market makers, who tend to manipulate the share prices) and various chart info like MACD and RSI.
 I would ask what these things meant and frequently people would post a link so I could read more. If I didn't understand I Googled it. Also, there is a cameraderie on the BBs that is useful to help pass the time whilst waiting for the share price to rise!!
I hoped that I would be able to make some money and I calculated that my break even point was £1.23. I wondered how long I would have to wait for the price to rise to that?