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GS ... No not £20K in money I meant to say 20k of shares!
Hi Gs good to see you back on the board... I suppose tech stocks will come back at some point but not for a while i don't think. Good strategy have a percentage exposure to any one sector.... We all know its hard to make consistent gains in the market but we keep at.
I closed out my Greggs today at 7 % loss and that was too much of a loss to be honest but its done now..
looking for the next trade.
I see an activist shorter is having a bash at dark trace Matt, hope you are not affected. I see your Kr1 is doing well.
Gs i saw that two of the S4 directors stumped up for £20 k worth of shares between them last week ...bodes well fro S4
Im guessing that living on wits could end up being a stressful experience when markets crash/ turn nasty.
Fortunately had good sense to have only 30% exposure to tech stocks, so currently on a 10% loss with existing portfolio.
Long term I still think tech funds are best for growth and nows probably a good entry point, the market simply over heated.
Hello Matt and thanks for your pleasant comments.
Kr1 . I still don't know a great deal about the Crypto world but ive heard that Kr1 are into Polkadot.
IG now has 20 crypto coins to trade on its platform .
I wish you good fortune with it and the market will do what it always does,its own thing. I will watch it with interest.
One thing we do know is as market participants we are all involved in a game of high risk, probabilities and unknown outcomes. Only yesterday i bought reasonably heavily into Greggs....... yesterday and today its dropped quite a lot 6.24% and i don't know why, no matter, onwards i go as my history tells me i make profit over the longer term!
Good luck with your early retirement I tried to retire in my fifty's but an acrimonious and expensive divorce forced me back to work. I then work very hard and managed to buy a house outright and semi retire at 60, at that age I pulled an annuity from Aviva, then I just did the work that i choose to do. Now i can just concentrate on trading and other pleasurable pastimes.
Not seen GS i bet he is busy
Thanks Opt - looks like you're applying a very rigorous and well thought through approach - I'm impressed!
Yep KR1 has had a good start to the year, but I was kind of lucky with the start date due to sharp fall in 2nd half of Dec. I'm back to around breakeven on my overall position. The story is that they have a host of positions in yet to float crypto which they get from a mixture of staking, and in return for their professional expertise in launching new coins. The KR1 Board here on LSE are very well informed and keep a close eye on the NAV. Due to some recent new Crypto holdings being launched, the stock is on a discount to NAV of c48%. For me, this, and a diversified exposure to Crypto being chosen by genuine experts in this field is exactly the crypto investment I want, and I will likely add on any further weakness.
I'm still working currently, but planning to retire in August 2024 (I'll be 57) so I'll also need to start living on my wits!!
Bought into Greggs this morning
Yes Matt we all have our own approaches and its what works best for us for us .
I guess i use to have a buy and hold view but the pandemic crash got me to re adjust my thinking . Plus i trade F/X commodities, indices which tend to have a faster turn (due to the large cash exposure ) On my shares i journal every trade with all the details its all on XL so i can see previous trades at a glance and look for repetition. Then i do a monthly report I do the same on F/X Spreads its all detailed .. Last year was my best year for consistency which enabled me to draw some lump sums. I am just hoping i can keep it up but being retired gives me more time to do it...... I see your KR1 is on the move is, it on the main market yet ?
If a stock falls a long anyway, and I still like it (ie stock fallen more than any deterioration in the rationale) then I buy more. Then again, my average holding period is probably more than 3 years, so a very different approach to yours Opt. Horses for courses as they say.
Sold SMT first thing at 12.15 ..Gl all
GS I dont know how you can hold on too shares that are in a big loss .... On shares my maximum stop loss is 20% and i am often out a great deal sooner than that, at 8% i am getting trigger happy
I had 3 stops last year OTB 7.8%.. MNG.. 0.37%... 888. 4% and my ultimate bad ass share of the year was Deliveroo and it was 22% before i got out of it............ All my others closed in profit
I hope so to GS its all too much .. Amazon has now put in two decent days
Ive bought into SMT this morning at 11.76 and hoping for a decent rise......... 13.00 would be nice ... Gl all
Lloyds and Rio for both growth and income at present.
When financials crash they drop 40 to 60%,for a full on tech crash Im hoping its nearly finished 20 to 30%, even amazon has dropped nearly 15% from peak.
I think the four of us still hold Lloyds Matt Do you concur GS?
:-)) Yep, you're right! I had Lloyds in the comp last year (and still hold), Armani this year. Doh!
No.... Lol.. its "1Armani" one of our cavers see post of 26th December
I hold Lloyds Opt, but never been in Armani if that's what you're asking below?
Hmm I didn't know that GS and yes ive just now looked at SMT which is a very techy IT and unusually down .
Maybe some bargains about!.
Sfor put in a decent push on Friday , so hopefully it will soon recover........... WPP i was looking at that before Christmas and i note that their consistent rise is partly due to their share buybacks. It look as a bit toppy to me at the moment though .
As Matt says its all a bit wait and see at the moment.
I took profit on my December RR buy on Friday made 7% after all costs so happy with that as first trade of the year.
Im just now looking for my next trade............ I see Armani has got off to a good start with Lloyds this year.
I think it was Matt who held it last year
...working very nicely at the moment. The start of a sustained recovery, or just another false dawn? Time will tell, but the ratings in these stocks still seem to be discounting a lot of pain!
Its a hang tough situation.
I think there was an 8 billion dollar tech company whose price collapsed when all wasnt as promised, its sent a shockwave through the US tech market, with alot of investors derisking and reweighting at the same time.
Some tech funds down 18% indeed even similar drops for big guns like Amazon and Teslafrom peaks.
Hold, stick or buy- for me currently sticking.
For digital advertising another offsplint from wpp with similar goals to sfor hence the drop I think.
Its a 3 horse race but my moneys still on Sorrell with Sfor.
There was a similar fallback last year too before a big rise upwards.
Nothing has changed and good results will drive it upwards.
Ah yes probably was and sorry GS i didn't know you were still in. I know its one of GS seniors shares .. Wishing you well with it . Ill keep watching it
I reckon yesterdays drop was due to a partial leak of todays rns of a share issue,pre agreed when taking over another agency and only 1 million in value. Shares back up 3.8% so far today, still in.
Happy New Year all cave dwellers.
As always.... brilliant again and thanks for that GS ........ The Tipster comp superbly organised once again by yourself...... GS Rules!!
Nice to be in the top 3 with MARS.
Just looked at SFOR and was tempted when you mentioned it the other week ... Yikes really glad i held off as i was thinking about the squaring up that goes on around this time of year... S4 a 10% drop today ... I think its best staying clear of that one for now something odd is going on ...
Thanks for your excellent management of the tipster comp once again GS. My first win on my 5th attempt (having stuck with Lloyds after having been 7th out of 9 in 2020!!). I see they've been picked again (by someone else) for this year as well! GLA!
1)lloyds 37.2%
2)saga 20.4%
3)mars 2.6%
4)888 0.3%
5)aex 0%
6)edl - 15.8%
7)cey - 29.6%
8)phe-47.6%
9)wte - 66.3%
Thanks GS - Same to you al all who dwelleth here!