Smc Share Discussion Threads

[cool_hand] 13/12/2007 13:01

mdin79 - that's the problem - you can't tell. and that IMO is one of the reasons FSA should of investigated. Plus there was clearly insider dealing going on between the porky and the final profit warning.

My mistake was not to bail after losing 50% value in 45 minutes and not to have a stop loss in place. I don't like stop losses as I look to invest long-term and tree shakes can take them out, but in this instance lesson learned.

The other thing: Profit warnings usually come in threes - I didn't research correctly and take notice that 2 profit warnings had already been released - but the porky took everyone in not just me.

I know there are people that took a heavy loss on this one - I thank my cotton socks my loss is not to much and I can put it down to experience. In the long term a lesson now will hopefully pay for itself in the future. I am only a novice investor.

[love it] 13/12/2007 13:00

Be lots of people wanting out of this now so NO I will not be joining the fun Dead cat bounce might fall on ya head.

[njp] 13/12/2007 13:00

Pug

'Once again the results of rapid over expansion by one man have ruined a potentially great concept.'

Too true. These were threatening to bust through 200p when that first warning hit in late January. Debt and the rate of growth was always a concern, but too easy to push that into the background whilst the news was good and the share price rising. With hindsight, the new FD and a period of relative quietness on the RNS front from a company which hitherto seemed to isue at least a couple of RNSs evry month, should have caused people to reflect on the negatives.

I wish holders here luck. The company should be generating profits and cash quite well now, but the issue has always been how to fund that debt. The banks were never going to fund it all.

[william47] 13/12/2007 12:58

L2 TURNED 3V1

[william47] 13/12/2007 12:57

JOINED THE FUN GUYS 150K@6.25.

[mdin79] 13/12/2007 12:46

cool hand - how can you tell a company is telling porkies ? It's usually too late by the time anyone realises. My lesson is to avoid ANYTHING that issues a profits warning. The positive rns that followed the initial warning which resulted in a 70% rise is probably the porky that has lost out even the shrewdest investor. Incredibly shambolic.....

The warnings were there though but too many had held too much faith in the management's lies. Obviously posters posting one liner ramps along the way are just as bad. You know who you are.

[cool_hand] 13/12/2007 12:35

try and put this one down to experience, don't buy into companies that tell porkies.

FSA should have investigated

[topinfo] 13/12/2007 12:29

8Trader...dont you just want to see hat I replied...How much you lost mate? I really do sympathise with you, its not nice at all.!!!

[8trader] 13/12/2007 12:28

Bliss..peace is restored :-))

TOPINFO - 13 Dec'07 - 12:27 - 7978 of 7979 (Filtered)
TOPINFO - 13 Dec'07 - 12:27 - 7979 of 7979 (Filtered)

[topinfo] 13/12/2007 12:27

8Trader...notice the word potential....it didnt materialise so I bailed.

[topinfo] 13/12/2007 12:27

Not too bad Cool Hand, much bigger losses to come once unaware investors return home from work and bail out 2moro...

[8trader] 13/12/2007 12:26

TOPINFO - 8 Nov'07 - 15:32 - 7942 of 7976


This is a multi bagger potential from here.!!!


lol

One of the worst posters on this site !

Time for the filter :-))

[cool_hand] 13/12/2007 12:24

I have sold, only lost £750.

[topinfo] 13/12/2007 12:18

2p a real possibility, rights issue, D4E, shareholders left with nothing.!!!

[pugugly] 13/12/2007 12:17

Once again the results of rapid over expansion by one man have ruined a potentially great concept - Seems ot be happening all over the place - In this current credit crunch I suspect this could be the END.

Only kept out by the skin if my teeth - Sorry for all still holding -

[topinfo] 13/12/2007 12:17

8Trader...read back and I bailed at 10.5p having got in at 11.25p and advised you to do same, so why have I lost you money.!!! WNG...Weve all had dogs, you more than most.!!! Move on.!!

[topinfo] 13/12/2007 12:16

No discussions created by '8trader'
I rest my case

[badgeman] 13/12/2007 12:15

Not worth selling now!

[topinfo] 13/12/2007 12:12

D4E it is then Chaps and Chapesees...and 8Trader of course.

[topinfo] 13/12/2007 12:10

How to wreck a company in less than 12 months.

[topinfo] 13/12/2007 12:10

8Trader...feel sorry for you mate, truly I do. LOL.!!!

[love it] 13/12/2007 12:07

No need to rub it in! We have all had stocks like this one. Poor soles.

[dontyo] 13/12/2007 11:56

looks bust this, massive dilution.