Just getting back into shares (mid 2016) after a 15 year gap. Last time it was a pre-internet era and I was mostly interested in biotechs (including British Biotech) but it all ended and I had to go back to work (real work) when I naively ploughed too much into Clubhaus (remember them?) unaware that the huge tangible asset backing (golf courses) that a top UK accounting firm had been signing off year after year was in fact worthless. Of course a month or two before the end everyone knew but small investors.
I expect there are still lies, the special access to privileged information by big investors and the complicity (and ineptness) of accountancy firms but at least the internet and sites like Stockopedia and HL may have helped level the playing field just a little.
I'm stewing over being stopped out a couple of times recently and hope you don't mind if I vent a little on here. I don't feel I've quite grasped the what/why and how of it yet and would welcome comments.The latest occasion was losing my holding in Patisserie Holdings (LON:CAKE) last week on the cheap. I don't get to watch prices when I'm at work…
Over the last week I've been reading up on small biotech firm Immupharma with a view to investing. Phase III trials are underway on a Lupus treatment. The peptide discoverer involved is a Professor Muller and watching some of her video presentations I have to say she is very impressive, and certainly a credible cheerleader for the treatment.But it was when looking over the management…
Sound similar to a company I almost invested in nearly 20 years ago, who were using a pesticide based on pine bark, I think, but turned out the flavour of the wine was affected. They always seemed to be hinting that wide-scale take up and vast profits were imminent. I can't remember the company's name. Eden's website refers to terpenes, which sounds famliar. As for…
I'm surprised at some of the accusatory and threatening rhetoric Imagination Technologies (LON:IMG) has come out with today. It's as absurd as Fallon saying he's well up for war with Spain. Bizarre.
I second your doubts about management. The former CEO is still with the company! I sold last week due to the lack of clarity in regard to the debt business. It was supposed to have been wound down completely but now it seems to be part of the plan going forward again. Who knows?
Thanks for clarifying that point, Nick.
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