Monday, 14 February 2011

Opening statement!

Ok, so I just saw this guys blog: http://100000goal.com/


Now, recently I have invested a small sum (£330) onto the Stock Market and I'm going to see if I can change that £330 into £10,000 within 10 months time!


Albeit I probably won't do it but I'll certainly give it a bloody good go!

At the moment I have the entire 'fortune' invested in a single share, Range Resources Limited, I orignally invested £150 at 10.2p and £100 at 11.2p as the share rose into the 18p range I was sitting on around £150 paper profit! In my stupidity (still learning) I decided to invest another £80 at 16.5p. However the Stock Market gods and my stupidy shat a retrace today, levelling the stock at around 14.88p slashing my paper profit to around £70.

Without news I expect them to drop to around 13p and flatline until news erupts, now do I invest abit more at this level and hope it rockets? I've seen a few people estimate (with figures to back it up) that in 5-6 months time it could be worth something in the range of 60-70p!

Now at my current share amount (2699) that equates to £1619 - £1889

Now if I invest at 13.5p with £125 that will give me about 3600 shares which is £2100 - £2500

So dilemma then ensues. What am I going to do?

Plus thats going to soak up a vast amount of my 10 months for half the goal :/