Great logic. A definite winning formula. I only remembered that it is
normally the way to win these things when I saw your selection.
I notice there is a risk Richland Resources might morph into something else
leaving normal shareholders fleeced. I think the rest of us should be
grateful that the rules prevent you from selling Richland Resources today
and investing your £300 in another 3 penny stocks.
John.
On Tue, 28 Apr 2020 at 07:21, Nicholas Gallop <nsgallop@xxxxxxxxx> wrote:
My selection logic was simple, John:
a penny share is much more likely to have a high multiple, if it doesn’t
go bust
I don’t care if it goes bust, the down side is that I simply won’t win
so I generated (or perhaps found, I can’t remember) a list of penny shares
on mainly emotional criteria, I removed some I didn’t like
and then picked three with a pin
The whole process took 5-10 minutes, because I wanted to meet the
deadline, but it was late and I needed to go to bed
Nick Gallop
+44 (0)7867 808 872
nick.gallop on Skype
On 28 Apr 2020, at 00:39, John Stringer <johnlstringer@xxxxxxxxx> wrote:
If you are wondering why the share allocations in my spreadsheet don't
exactly match Peter's original allocations, it is because I entered the
ticker into the system and then asked google to give the opening price of
the share on 16th March.
This seemed to fix all of the problems I had with Peter's allocations -
probably because we'd used different sources or even different tickers.
Anyway, these things are easily fixed. Please let me know if you are
unhappy with your allocation.
Nick - I've been reading about your star pick Richland Resources, which
sounds like a cash shell. Would be interested to know why you picked it.
https://uk.advfn.com/stock-market/london/richland-resources-RLD/share-chat
John.
--
John Stringer
Skype: john.stringer
