Posted in Articles By Sam Applegate
Over the festive period, besides stuffing my face and getting fat, I've been busy looking for potential investment opportunities.
As I mentioned before, I really am a novice at this. However, one thing I have picked up on is that research and background reading is important (duh).
The first thing I learnt about investing in stocks and shares, is to look at director dealings. Basically, if a company director invests heavily in their own company, it's generally a good sign. They obviously know more about the company than I possibly could after just a couple of hours of research, so why not just look for the smoking gun?
This makes perfect logical sense to me, so thought I'd use insider buying as a start to deciding on where to buy.
Quindell Portfolio PLC
Get this, the Executive Chairman of the Board: Robert Terry bought 625,000 shares (about £100k's worth) on 27th December 2012.
Again, the following day he bought another 250,000 shares (£41k).
Now, I'm no expert, but this has got to be a good sign right? I mean, he must be pretty confident in Quindell if he invested so much of his own cash into it.
I'm not one to rush, so decided to find out what I could about Quindell.
Buy Buy Buy
After learning about the company, and reading up on their financial situation (half of which, I didn't really understand if I'm honest), I stumbled across this article by The Telegraph.
Basically a tip, to buy into Quindell (for a whole bunch of reasons).
I was now thinking, this is probably enough of a reason to buy, so I did!
It's pretty exciting stuff really. I'm enjoying the research side of things, and learning about different strategies involved in buying and selling stock. Since I bought the shares at 15.89p, they've increased to 17.00p, making me a whole £16.96 (or 6.99% ROI).
Now, pride comes before a fall and all that, so expect the price to crash in the coming months.
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