We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
RoninV how you trade is up to you. No one should knock you for it. It does not matter if you are day trading and taking small gains. I have noticed a similiar pattern and have started to get my average down of 51p! So yes I have been day trading over the last month and have made a small amount of money. Obviously I am aware it carries risks of a huge upturn in the SP. I can't see this share with the news we have recently had and that which is hopefully to come dropping significantly. However I made a mistake at 51p. I was also told once never be frightened to take a profit.
Yeah there is that BB
Just to clarify guys,
I've held AFC since 2006 when it launched and I think it will go ultimately. But, who really knows, this is AIM.
Haggis is talking nonsense about "filtering me for years" because I go for months without posting and never say anything offensive. I can't even remember seeing his name on this board and until relatively recently. Maybe he has another nomenclature?
Anyway, I haven't made "loads of money" I've just started protecting myself by taking profits and ploughing some (but not all) back in when the price is right for the reasons I described. I do agree that some posters talk stock up or down to try and affect a better trade. I don't think I'm being accused but as a matter of record I've never done that, at best its a waste of time. I don't believe the major buyers and sellers who actually affect the SP give a toss what people say on the discussion boards.
I'd love to be the guy who bought at 1.8p and sold at 79p a year later though! It wasn't me :(
Have a good evening all - even the " keyboard warriors".
I'm not sure that strategy applies to the AIM market. It may work for property and more stable stocks. I've diversified out of AIM to create more portfolio stability.
There is a strategy for all and its a personal choice, the only thing that is nasty are people talking the stock one way or another while doing the opposite. There was a guy on CTAG doing just that. Most unpleasant individual.
Its funny to see what people post when you have seen a large number of screenshots of holdings in the company and also those not seen.
Banaman,
Don't believe the stories told on boards like this. Everyone will tell you they make loads of money but they never tell you how many times they lose money.
I've had Reonin filtered for years, for obvious reasons.
Meanwhile have a read of this, it's exactly why I have held the stock for 12 years and just took my initial investment money out of profit on the biggest spike, leaving me with 90% of my original holding at zero cost. Hence I can and will wait for the really big money that makes Reonins pocket money trading look like a pittance.
https://money.usnews.com/investing/buy-and-hold-strategy/slideshows/7-reasons-buy-and-hold-investing-beats-trend-trading
Yes, it's risky. Every trade exposes you to a risk. BUT... the pattern with AFC has been clear for years! Ive only just started to act upon it. Share crawls along the low end, IIs ditch a shed load of shares and the rabble follow suit, a couple of weeks of silence and lower still and the SP drops further again. Then, some piece of vaguely interesting news hits - a feel good that suggests a step towards commercialisation in the form of an (MOU), joint development project or some such, lots of positivity on the chat rooms then it hikes by 10 - 15% in a day and falls back again over the next week to ten days. Rinse and repeat.
So, wait for the rise sell on the start of the downward curve, wait a week or two, buy some back to keep your minimum level stocked up and keep the profit. Trick is not to get too greedy i.e. a 10% rise is enough to trigger a sell.
Waiting for the mythical £1 or whatever it is we all think it's going to achieve (see plethora of clever calculations) or "look at ITM surely it must be worth that!" That is the risk as you watch your shares go up and down without a penny made in actual profit. I made that mistake for 10 years!
RoeninV, probably the best approach but requires experience in trading. Not something that everyone is good at. Great if you can. You are making on every rise not just the single rise between your average buy price and the final price when you decide to sell the lot. I would love to apply that strategy but am not competent enough to do it.
ITM up a full AFC market cap today ???
Amazing stuff and good for the sector.
Hi Daz,
I've changed my approach too for the same reasons. These spikes are tedious but inevitable until there's real substantive news and large investors trade large quantities in cycles. This way I've been able to progressively increase my shareholding while building up cash. If AFC collapses Ive still made some money. If it flies, I have sufficient shares to make a lot of money.
Can't see anything wrong with your approach whatsoever - I got tired of waiting for the "big one that always seemed to be just around the corner!" This way at least its a bit more interesting!
If you mean me Haggis (it's Daz not Dan), i do hold stock and have done for over 5 years, I got fed up with the over promising RNS's and then nothing happening, and the subsequent fall back in share price, dodgy finance deals which also hit the share price so I started trading it instead so I couldn't care less if the share price doesn't follow our peers, as long as it continues to go up and down i'm doing ok. BTW I don't know how to short a share and don't want to as I don't agree with it.
Dan has never owned AFC stock, he's a full of ****e shorter. It's not worth the effort of moving your eyeballs to read what he writes.
This message has been filtered, please adjust your filters to view
This message has been filtered, please adjust your filters to view
We have previously had 2 RNS's confirming first commercial order but they were so long ago everyone's forgotten about them
I don't believe any "contract" has been accomplished haggis, forgive me if I'm wrong
People question why the sector is rising but AFC is being left behind, well there's several reasons including RA divesting from everything outside of Israel, and Schroeders taking profits.
But also look at the MCap of ITM and CWR. They can attract huge fund investors and very HNW investors with their high MCap. AFC is still a tidler at its MCap and can't attract the really big investors.
But our time will come. We have the technology and a big list of sales enquiries, NDA's, MOU's etc, and as we move out of COVID restrictions, these will turn into contracts, as has happened this week. Momentum will grow fast, and we'll soon be noticed by the really big investors, and then we can catch up our MCap with ITM and CWR.
Just hang in there, this is a 10 bagger in waiting!