True it is risky but Nano have cash in the bank and developing partnerships with Dow, Marl and Osram. With new technology it is always risky. Anyway thank you for the insight into your system and best of luck.
Hi Johnny By averaging down I take it you mean buying more as the price goes down, rather like the ladder system used by the day traders on tw. They seem to be doing OK but seems risky to me. My holding of Nano only represents 2.1% of my port so its not a disaster if I lose that. Had I averaged down I could have maybe 10% of port in Nano and that would be serious. If they bounce back (which I expect) I will still not buy any more until they are showing a profit for me. The other side of my method is to buy more shares in Coys that have done well for me. I hold bdev 21.9% of port with 57.7% profit which is my biggest single holding, since August '14. Best of luck whichever system you use
Just read your post about being unable to buy more as your 60% down. Reminds me of Alkane Energy, just sold for a loss as its being taken over for a cheap price. If I'd have averaged down it would have been a profit so seems fitting to do so with some of the Alkane proceeds as I still believe in the future of Nano and remain hopeful at least some of the 11 OEM's evaluating our dots will lead to orders. Dow believed in Nano so hopefully others might. GLA
RE: Daft Idea
Hi, If you go to the website markets.ft.com , enter NANOCO and enter the Business Profile sector you will see bar charts of which big Institutions holdings in Company and also the analysis of their change in position . These figures are up to Sept 2015. There appears to be no sign of a bailout by these holders and those who have reduced their position still have sizeable holdings. II's hold 55% of the shares. Wait for Tuesday and see what that brings.
Take a look at Share Price graph for Nano over the last 5 Years. Max price almost £2.00, now £0.60. Looks like the Coy is going bust or it is massively undervalued. Imo it can't go bust cos Dow Chemicals has a factory about to start producing Nanoco Dots.They are not going to throw that away. If Dow thought Nano was going bust they would by the coy (using their petty cash account). They could well buy them anyway and I would expect them to pay at least £2.00 per share. Qed not going bust so ... You will have noticed the Shorters and Canaccord value of £2.60 no doubt on prev posts. I would be buying now if I was not 60% down and my own rules prevent me from doing this. These rules would have prevented getting to 60% down if I had followed them! Best of luck
Sorry to invade your board, I have been watching here for a while apart from the major rampers anyone any thoughts outside the box so to say !
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