Wetherspoon ( J.d.) Share Discussion Threads

[ignoble] 05/11/2020 20:18

Few of those old sayings
If in doubt, stay out
Don't trade for the sake of it

One I always respect
Having no position, is having a position...
That is very wise...

[ignoble] 05/11/2020 20:12

Oh no
Reported that 13000 chickens will be culled due to an outbreak of Bird Flu.... Just what we need.

Stock Exchange once described to me as Rich Man's Horse Racing.
Difference being, that you can take your bet off before the race is over.

[gozzie2] 05/11/2020 20:12

Spending time looking at stocks actually keeps me from gambling. Unless it is gambling lol .I'm pretending its not .

[gozzie2] 05/11/2020 20:08

I love Cheltenham eeza I've never been but a few of us meet up every year and watch it .I hope its the same next year my favourite week of the year.

[gozzie2] 05/11/2020 20:04

You feel like you are missing out .Buffett bought Barick gold weeks ago .Now its started to fly it seems to when you least expect it .

[eeza] 05/11/2020 20:03

There's definitely not the the same thrill in Shares as in horse racing.
Lester looked part of the horse and won on some horses who would never have seen the finishing line with other jocks. Producing horses at the exact nano second. Massively exiting.
Or Red Rum on the run-in at the National.


Shares aren't on the same page.

[gozzie2] 05/11/2020 20:00

Some people have had me down for working in the city so I suppose I must have learnt something lol .

[gozzie2] 05/11/2020 19:59

Cheers guys anyway for your advice .I dont feel its great for me mentally ,its the chasing losses that's the problem and holding the nerve in bad times .If you are confident in the business you won't worry I suppose. Il just try to learn more .

[ignoble] 05/11/2020 19:53

Tough one to answer Gozzie

Gozzie, only you can decide.

[gozzie2] 05/11/2020 19:51

Yes my dad gambled on a AIM stock and so far lost heavily .He passed away and left them to me and now I have become a little obsessed with stocks I knew nothing before.I watched hours and hours of Buffett munger and others I think they are great people .They make it sound easy but they all say they haven't a clue what will happen tomorrow next week its the longhaul they are in it for because its the business they are investing in not the price .

[eeza] 05/11/2020 19:45

The way I see it, Gozzie, it's all about risk.

Gamblers are mainly looking for a big win, moonshot, or a lot of money from a lot of small trades.

Investors are looking to grow their capital by researching Co's and taking as little risk as possible.

[gozzie2] 05/11/2020 19:42

Yes I've had struggles with it eeza its patience. It feels like gambling especially when they fall.

[gozzie2] 05/11/2020 19:41

Heres my mate died recently he drank a lot .Great singer Johnny. hTTps://youtu.be/a8sHwjqeRrM

[eeza] 05/11/2020 19:38

Trading is more like gambling, where you need a quick result and on to the next. Investing doesn't suit a gambler, imo. Where you may buy, but then hold for 6 mths or a year.

[gozzie2] 05/11/2020 19:30

Yes I think it will be a worthwhile thing to do .Would you class shares as gambling though .I would .

[gozzie2] 05/11/2020 19:29

I have know a few alcoholic friends that have died recently .Landlady Prince of orange ashton 52 and a lady friend her mate 51.A few others as well didnt get past 55.Carol the landlady sat there all night with a glass under the bar .The pub killed her and the bookies nearly did similar with me I was there all day .

[ignoble] 05/11/2020 19:27

Must be rewarding for you to be able to mentor people who are struggling.
My admiration, Sir

[ignoble] 05/11/2020 19:25

The effect it had on my life was immense.
It scared me half to death.
I stopped drinking maybe 20 years ago as a result of watching someone destroyed by something he had no control of.
Probably, as well, as a respect to my friend's memory.

As you are to gambling, I am to alcohol.
Destroys, lives and families.

Respect, Dear Sir, in your ability to move on.
It is not easy...

[ignoble] 05/11/2020 19:18

Respect your honesty, Gozzie.
I have lost 5 incredible friends to alcoholism.
Addiction is such a destructive disease.
To watch my very closest friend die of Alcoholism.
Soul destroying.
At 29, both he and his wife went to "a rest home in The Country" to address the addiction
15 years without a drink but thought he could have just a Beer or two was his destruction.
Within weeks his body had totally shut down, mentally he was destroyed.
Did go back into Rehab as we now now it.
Things went well but had a massive Heart Attack and passed away.
To watch the destruction of a close friend was heartbreaking.
Sadly, his wife was riddled with cancer at about 50 years old and died a year or so later.

So, I very much understand addiction problems.
As my friend once said, when he was not drinking, He was a drinker, that didn't drink...
Always in recovery. Sadly, he died too soon

[gozzie2] 05/11/2020 19:13

I agree Eeza but there are some I felt safe in .Some I certainly didn't. I said the same as yourself at the start .

[gozzie2] 05/11/2020 19:11

I worked for a bookies 25 years he called the customers mugs .He sold out for 28 million he now owns racehorses .Paul Dean .What a lovely business calling your customers mugs .

[eeza] 05/11/2020 19:10

Gozzie, Where are you most likely to catch Covid.

In your own home, where it wafts in through the window.
In a shop, wearing your mask.
In the park, wearing your mask.
In the pub, no mask, no social distancing, all your mates elephants, yawping at the Footie and kissing everyone.




Oh. Yes. Well, that's a hard one.


Can I ring a friend.

[gozzie2] 05/11/2020 19:09

Buy shares in gambling firms if you haven't much morals .You make a fortune Flutter 888 and the rest .Bet 365 founder gave herself 323 million wages last year .Greedy git .Taking money off kids in Africa that sign up no checks on age etc.