The opposite to setting a stop loss is setting a buy order. Not wanting to look at a screen all day waiting for the right price to buy in (or sell out with a stop loss), a buy order enables me to go out and enjoy walking the dog or whatever on my day off.
I set a buy order on INL for 81.75p this morning and have found that it was executed at just below that. So, although this is a couple of pence above what I sold out at a couple of weeks ago, it is about four pence below what I could have bought in at around a week ago. With the volatility of the market at present I am far from sure what is going to happen generally, but with a much reduced holding in INL than previously I feel I can rest more an not be so exposed.
Should think Wicksey boy is going to keep a very sharp eye on the success or otherwise of the flotation of Countryside who geographically mostly operate to the North of town whilst Inland south .Countryside seeking to raise approx £114m from the market . Interesting to see what appetite is out there amongst the institutions and how he can plot the exit with all the dampners coming from the macro back ground
Being quoted 84.67 to buy 1000 shares, 85.40 to buy 1001 shares and more. It means it is cheaper to make multiple purchases if you want to buy, say, 2000 shares or more than make one transaction. Not sure what that means re direction of share price for rest of the day?. May be about to find out. It did the same sort of thing last week when I was given a better price to sell fewer shares than more shares. Then the price went up.........well, only after I sold out!.
Market is totally unpredicatable at present. Your guess is as good as mine which way it will go and for how long. If I buy in it is bound to go down; if I stay out it is bound to go up!. On that basis.........what am I bid to stay out?.
CM I agree with you that that there is no problem in buying into a sustained rise in sp if you are already in at a good price. I have and still do this with NG and in the past year or two various other builders. Beats trying to catch the falling knife and the risky 'Averaging down' imo By far the best builder performance in the last few months
Yes, don't I know it!. I had the chance to buy back in at under 80p on Monday but held back due to general market malaise. Now I see it rising to mid 80s again!. Arrrggghhhh!. I felt I made the right decision at the time due to circumstances which is the best any of us can do but obviously with hindsight regret it.
I'll see how things go. As I have said previously, if the share price goes to £1, IF, then paying a little more to enter or re-enter isn't too much of a problem. Maybe I should view this as a new begining. Had I not already invested in this share previously and not known about it or just become aware of it, would I be investing rather than reflecting on what has happened in the past?. Interesting.
Thanks capt. The price seems to be bouncing around. Quoted nearly 83p to buy 10000 shares and nearly 81p to buy 1000 shares. I don't know what is more difficult; sitting on the sidelines with a war chest or investing and trying to hold through rough times.
Is this a relief rally or more sustained?. Nothing worse than getting caught in a suckers rally. I see the oil price is well up today, which is probably driving the market.
We have to live by our decisions; better to have some cash on the side than see our capital disappear. We'll see what happens. If the share price does go up to say 100p (possible), then to get into the market at 80p or 81p or 82p is ok.
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