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Haha excellent retort. I enjoyed that.
However given the frequency with which my name appears here and that it only has 4 letters I think it is reasonable to conclude that expert and others are using that lack of respect to insult me. That really is rather pathetic and childish.
From WB (hehe): “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”
2 t's in Buffett....... touché
There are two t's in **** as well.
Calamari.. by that rationale no one under water should ever sell when a stock is being shorted. That way they won't lose money this adhering to Buffetts advice which is no doubt yours as well... If no one sold the short would fail.. awesome thanks!
Thanks Daisan, I was hoping Expert or Charlie would have a specific number in mind as they both seem very knowledgeable. Your response is much appreciated though.
Expert talk to me again when you have mastered the art of spelling.
TomStorer,
The problem with stop losses on AIM shares is that prices are very volatile such that you have to accept the risk of them being triggered by temporary large drops. The problem with not having them is that you may expose yourself to large drops unless you are very disciplined. Your choice essentially - which is the lesser of two evils.
One approach used by some is perhaps one you should consider - a very wide stop loss or, if you adhere to TA, one set a few percent below a key support level.
Warren Buffet also said:
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
Absolute commitment to long term holding of shares in good companies. And BMN is a good company... ie highly profitable. Remember a 2017 loss was turned into a $49 million profit in 2018. H1 Ebitda for Vametco (100% basis) was $48.6 million so profitability still strong even with lower V prices. Nice.
Expert10201, if you are going to quote people or address people please be polite enough to use their name correctly - it is Pdub!
As the most respected poster on LSE you owe him that courtesy.
Thanks.
Sanchez599 That must have been just before his stop losses triggered a sell!
Expert, you have proven here countless times how inept you are at even grasping the most basic of company information. Perhaps keep to working on your own romantic fiction about the time you pretended to have 3m shares. It needs a lot of work if people are going to believe it.
I'm still waiting for you clever f**kers to tell me what to do with my stop losses!
Pub, I see you've mastered the skill of using others' quotes. original quotes are more intellectual than mere plagiarism. I enjoyed the original the other day...about someone masterfully coordinating the deck chair allocation with seamless leadership skills, as the Titanic sailed towards the ice berg. now that's original and funny
Charlie I do wonder if your gloating would be the same had those stop losses been triggered and the following day the sp jumped upwards?
For example on 19 October 2018 the sp closed at 29.00p. Imagine had you set a stop loss at say 27.5p and having that triggered over the next week (closed at 28.00p on 29 October 2018. By 13 November 2018 the sp closed at 47.50p. I can't help feeling that you or anyone else would not be on this bb bragging about that!
You got lucky. It does not always work out that way.
Just my opinion.
Warren Buffet: “Honesty is a very expensive gift. Don’t expect it from cheap people.”
Morning Charlie, I'm asking what you think I should do with my stop losses at the moment on this share. Any ideas?
Good Morning....I was just pointing out that Alfa was talking nonsense with regards stop losses, I am investing in stocks to make a nice return...not to prop up any of the companies invested in long term....it works for me..gla
Yes expert. On this occasion luck was on their side. Hindsight is a wonderful thing. I wonder how many pi's on AIM have had the opposite misfortune?
Warren Buffet: “In the business world, the rearview mirror is always clearer than the windshield.”
I like that description Pdub - maybe our traders are just hopeless romantics.
well Charlie123 .. good luck to you ... perhaps those that set stop losses when we were mid 20's and then saw the SP shoot to 49p would feel as fortunate also.
Your gloating is about your fortune (assuming you stayed out).. its all timing... but TBP evidence showed not just the manipulation, but how that was fuelling the shorters depressing the SP for all.
But no matter .. you did well ...
Hi coffeecups. Are those "professional traders" trading AIM shares?
Over the years I have read so many posts from pi's complaining that they forgot to remove a stop loss and had their shares "stolen" by mm's. This can be particularly dangerous if set with a rising sp. it lays the pi wide open to a raid to get more shares.
Personally I never set them. But then as a long term investor in a great company like BMN I don't need them.
Warren Buffet: “Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
I'm asking what to do now Expert, it's easy to comment on past events.
those who got "robbed" at 40p + SP and stayed out are now laughing. they can now but back and double their holding.
@charlieR123 - What if you set them and the price dips and then doubles? Very easy for you to comment in hindsight so what do you think we should do now? Stop losses at 18p and then miss a potential rise? Look forward to your help with this one.
each to their own CC .. but having seen the evidence, I won't
Hi Fara,
The stop losses is an interesting debate - if you follow some professional traders and read what they do in their set ups - they set stop losses because a lifestyle or human manual trader vs a trading algorithm loses every time due to execution speed and pre set limits so they set a stop loss for being away from the screen on e.g a coffee break ..... to preserve capital
So if the professionals set them ........