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Online Share Trading

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Down over 20%

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vishal
Regular Contributor
Any reasons why?
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4 REPLIES 4
GdM
Frequent Contributor
Had a spectacular run of late. Results were out Friday, and I don't think they supported the price. Just overbought and adjusting.
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scandal
Super Contributor
couple weeks ago it was in red hot peny shares site as a portfolio pick. Target price was at 500c and guess a lot of the smaller traders were buying on that advice... results must have not suppored that price and smart money is cashing in... OMO
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barry_1
Super Contributor
Made a packet,If a share does not pay a dividend,I always sell it on the declaration of dividend date,which you can find on Company Profile.Never buy a share that you do not know when the declaration of dividend is.You must look up shares you get as tips as well. By naomi ...not by Barry.
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Not applicable
you are right Naomi. I learned the same lesson during my first year of trading in 2006, but on Metrofile (MFL). The trend went up amazingly for couple of months. During the declaration date it was confirmed that there is no payable dividend on MFL. And guess what.... The share price dropped from 220 to 100 cents within two months after declaration date.
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