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"Free Money"

You have to love the stock market, i bought 100 Marconi shares just after they took a battering on monday at 531.35p and now they are 564.50p. Its not exactly a fantastic profit, but if they return to their former glory i will have a nice little sum.

[S]Please note stocks and shares can go down as well as up ;)[S]

*disPute* wrote:
> no. but frankly i think marconi is really not a company to invest in.
> They used to be one of the largest and most reliable companies in
> britain but with new management they managed to screw up. frankly i'm
> surprised they've avoided liquidation. probably banks taking pity on
> their stupid new bosses.

Actually the new management is doing a rather splendid job of brining the company back to former glory and has posted an £11m profit for the last quarter.

Cool, I just know that if I were to invest the company would crash the next day.

no. but frankly i think marconi is really not a company to invest in. They used to be one of the largest and most reliable companies in britain but with new management they managed to screw up. frankly i'm surprised they've avoided liquidation. probably banks taking pity on their stupid new bosses.

Im looking at new investments, i dont suppose anyone has some reliable inside information.

M&S shares sky rocketed the other day after a proposed take over from that Philip Green. It was the same with Safeway when he moved for them.

Anyway, if you bought M&S shares when they were at their decent price a few weeks ago, you'd be laughing today.
I think they're still rising too.

Just an update to say my shares are now at 651.5, im rich and you are poor.

cookie monster wrote:
> Flockhart wrote:
> Just out of interest what are bt at, my grandad has 1000 shares, and
> i
> told him to sell them a couple of years ago when they were worth
> £15 each.
>
> BT are now worth 173.25 p
>
> Your grandad must be kicking himself.
>
> Hard.
>
> In the face.

If he isnt i will be.
* Cries onto wooden pc, pc crackles, pc breaks down, cries more *

Flockhart wrote:
> You gambled £500+, you are up £30+, i'm not sure i'd be so
> pleased when the broker takes a cut, but i dont know what they were
> before, so well done.

At the moment my profit is only around £10, but if they just get up to the £7 mark they were at before i'll be a bit better off ;)

Flockhart wrote:
> Just out of interest what are bt at, my grandad has 1000 shares, and i
> told him to sell them a couple of years ago when they were worth
> £15 each.

BT are now worth 173.25 p

Your grandad must be kicking himself.

Hard.

In the face.

Edgy wrote:
> Marconi were, at one point, less than 10p a share.
>
> If you spent the same amount of money buying shares then and sold
> them now...

Those shares were ditched and new shares were brought out.