Lost £200 in a week from a £800 investment

[smilingcrow]

I bought some shares of Gulf Keystone Petroleum at 420 each (£800) due to loads of hype at work and some articles I read on a potential take over bid that would put the share price up to1200 each. How ever a week after I bought them they started taking a dive and I read of rumours that the take over will not happen. So I cold £500 worth of them at 330 leaving me with 30 shares left.
The share price is now 250 so I am glad I sold but do you think I should have sold all of them or that I did the right thing by keeping a few?

[KJN]

Take over rumours happen all the time on shares like this, seems like you got in too late, won't hurt to keep the rest for a few years , too much speculation etc on his one for my liking. Good tip never buy on others recommendations and speculation, as there is allways somebody out there waiting to sell and are happy o pie up the ok.

[KJN]

To finish off :-

And are happy to push up the price what ever way possible, best rule of all only play with what you can afford to loose.sorry cant be more positive.

[johnk]

Why keep the 30? It's too late now anyway.