TCG has been my riskiest punt to date, and most profitable.
I tend to stick to stuff that will "do better than the bank" That said, LLOY hasn't been too much fun recently.
My (uninformed) view is that, even if TCG tanks after the financial statement, surely it can't drop below 100p... (Famous last words) I don't need the cash in a hurry so I'm happy enough to leave it in there till things pick up.
I'm not looking for reassurance here. Just thinking out loud. I'll find out soon enough if I've done the right thing.
Puffy, when you say the charts are pointing you to 111p, does that include pre-July 2013 chart data or just recent movements?
I'm not into charting but it's something I've been wondering about when I see people on TCG "predict" lower SPs based on charting. I see July 2013 as the rebirth of the company (rights issue, debt restructuring) so I can't understand how chart data from before then could be used.
Buzz -- Does one bad summer make a bad CEO? Especially as most of that will be through unavoidable industry-wide factors? And also....how much of that will be factored in already / hedged into the current SP?
JulyN -- I think the market is insane and baffling at the moment, what with FTSE stocks displaying behaviour more to be expected of AIM shares and just about everyone trading shares nowadays rather than holding them. And even TESCO is now looking like a giant with clay feet (though I'm keen to get in there soonish). So......it's probably not you :)
TCG is currently the only "boring" blue chip share in my portfolio. I'm mainly dabbling in AIM miners so am used to rather rambunctious share price movements. TCG was originally a punt back when it was on its knees but as I'm not getting any younger it is now the first "sensible" share with hopefully more to follow as I balance my SIPP towards the not quite so stupidly risky (though the stupidly risky shares have more than paid off so far).
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