George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Yes, its worth it when it works but for a 3.85% gain when it could have moved through 270p and now be 290p means in my book its high risk. (and therefore not worth it). In theory I assume you are out of boo because you sold the last time it was 270p? Look, each to his own, if it works for you great .
Waiting for 264 to buy back
Have you bought back in thought?
It felt good Chris - nerve racking, but good! lol
ASOS is up strongly today, it has broken through resistance at 3500. Hopefully Boohoo will have a stronger end to the day.
The sp has been churning traders for a couple of weeks. You have to invest. Fair chunk and be skilled to trade it for a few pence and risk missing the boat. Imo It will a move above resistance soon... . I expect a good rise from this current level before results in sept as we know they are going to be Very good.
"260p-270p buy and sell with the associated costs makes it marginal at best?"
I did this Fri-Mon, with 10,000 shares and banked £1K, so of course it's worth it.
Risky, but worth it if it pays off.
Yes, don't worry. I'm in the same boat with some of my holding.
It hit 257 the other day after going to nearly 270. Patience.
Yes in tui and iag, thought it was never going to happen, but yesterday and today, a welcome comeback, risky though,
Sold for the first time at 270 damn, I don’t think it’s hitting 260 again?
Opinions
Be patient is my only advice with this share. It's heavily manipulated (IMO) - I'd be surprised if it didn't ..but you never know and it may not reach that low today.
Travel stocks have taken a beating over that last. I'm personally happier here for now as who knows what's going to happen re travel ? When I first started looking at investing this March I was very tempted by anything that had halved through covid and got burned to the tune of 8/10k. Since then I've learned a lot from these boards and have a better understanding but at the same time know I'm probably out of my depth and shouldn't be here. But hey it's fun and if it works I can retire sooner
Just fwiw, the risk reward on a 260p-270p buy and sell with the associated costs makes it marginal at best?, Because if when it goes through 270p its probably going to spike a lot. (imo). The spread is not tight on this stock, so its not really a trading share. (just because its followed a pattern recently does not by itself make it a candidate. Super tight spreads, high volitility, large market (no of shares in issue), are all pre-requisites.
Plus to properly trade you have to have the function of shorting a stock. You must be able to make money on a falling stock just as you can on a rising stock. You can't expect to make money with one hand, as it were, tied behind your back.
By all means use the patterns to try and time your entry for perhaps a longer hold, but that's a slightly different kettle of fish.
Again, just fwiw, the reason I bought in a262.7p yesterday is that I too was looking at 260p but to expect a share to always go to exactly where you think it should often means you miss out, so I am always content to add an extra 1% to a target to help reduce those potential "misses". I think with many here, this stock will rebound further on the September update and could well edge up to 300p + over the next few weeks, in which case my entry point (even if it had fallen further) would not materially hurt my profit forecast
Sold for the first time at 270 damn, I don’t think it’s hitting 260 again?
Opinions
I’ve traded it a little got an extra 427 shares but lower lows now and ftse flying so don’t think I’ll play the game today as it’s when you get ****y/greedy will you miss out and lose the extra shares having to buy back higher
This is a correction waiting to happen, why would you do anything but own.
"All well and good trying to be clever trading like that but what happens when it just keeps going past 270....buy back higher less shares?"
Of course, if you believe in the growth trajectory of the company. Otherwise you might miss a rise to 300 etc...
All well and good trying to be clever trading like that but what happens when it just keeps going past 270....buy back higher less shares?
If you sell at 270 and buy back at 260 you'll buy more shares than you had. Higher average but more shares. I think around around 3% more
My issue is I'd sell at 270 and then buy back at 280 as it would rise if I do it lol
i thought about doing it but my av is 2.18 a share so don't see the point unless its going to do it a number of times, as ill never get back in near my ave price again, unless i need to sit and work out the maths, but im going long so surley the max profit is to buy at 2.18 and leave till end game, as after that i buy at 2.60 sell at 2.70 smaller profit window, as i can buy less shares because the price has gone up
please dont all jump on board saying its a stupid question lol im obviously missing something.
"Who's selling if we reach 270 ?
Personally I'm not brave enough
GLA"
Good question. ASOS is soaring and the markets look broadly positive. We also didn't have the usual unsubstantiated rise this morning. Difficult situation to read. One day, we'll test it and break into a new range. Could be today, or might not...
Who's selling if we reach 270 ?
Personally I'm not brave enough
GLA