Should I sell my shares?

[jardantuan]

I'm very new to sharetrading, and I've only bought in one company so far. However, I'm tight on money and selling the shares I currently hold may be the only way I'll be able to afford my rent in about 6 weeks time.

I'm not so much asking advice on the share itself, but rather how to proceed given my situation. I bought around 3 months ago - the share itself isn't doing brilliantly, and I'd be taking a 15-20% loss if I was to sell now. Still, I think over a longer period of time (18 months or so) I'd see a fairly good profit.

At the time I could comfortably afford to buy, but things happened and the situation isn't so any more. Is it worth seeing if I can borrow a £200-300 for a few weeks until my rent is cleared? I get paid not long after that so I'd have money again.

 

[avtardhillon]

btw what is the share u hold now ?

 

[jardantuan]

Nintendo (NTDOY). I'm not really asking about the share itself, but more the situation I'm in.

 

[Project.Sagana]

When did you enter your position and at what price?
The price is on a demand zone and it never been touched. It could either go bounce up, push down through, or do stay sideways.

 

[jardantuan]

End of September, can't remember the exact date off the top of my head. It was 15.99 when I bought.

 

[NVP]

I'm very new to sharetrading, and I've only bought in one company so far. However, I'm tight on money and selling the shares I currently hold may be the only way I'll be able to afford my rent in about 6 weeks time.

I'm not so much asking advice on the share itself, but rather how to proceed given my situation. I bought around 3 months ago - the share itself isn't doing brilliantly, and I'd be taking a 15-20% loss if I was to sell now. Still, I think over a longer period of time (18 months or so) I'd see a fairly good profit.

At the time I could comfortably afford to buy, but things happened and the situation isn't so any more. Is it worth seeing if I can borrow a £200-300 for a few weeks until my rent is cleared? I get paid not long after that so I'd have money again.

given your cashflow crisis I would recommend you sell the shares and walk away from investing and trading until you have money you can afford to tie up and indeed lose

N

 

[avtardhillon]

unlucky don't worry hopefully it will go up due to during chrismas if you want to invest in the gaming sector I advise you to buy Take Two Interactive (Owner of Rockstar games -GTA)The share price is looking good due to the hype around the release of GTA 5 in spring next year its gone up five percent due to the release of trailer 2 which was 3 weeks ago of GTA V :d

 

[malaguti]

dump it..its been going steadily down since 2008, they will continue to go down. Listen to NVP