Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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You know the saying - ‘Buy the rumour, sell on the news’ Never a truer saying. Shame I don’t stick to it.
Steve
I’ve been spanked twice by Tesla recently. First with the stock split when HSBC took a week to get the extra shares to me then the price tanked. Then I loaded up for battery day, which to be fair are back up to what I bought them at now.
I first invested back in April though so it’s been a five bagger for me.
Buy the hype sell on the news (or short it)
What lesson was that? I did the same with Tesla on battery day and still haven’t learned anything....
Haha yeah I wouldn’t say free lesson, could probably pay for a uni course with the losses. Senor exactly if we could manage to not read the threads and not check share price for two weeks I think we would be nicely surprised. It’s just a bit addictive checking every 5 seconds.
Superstar probably the best summing up of what may be happening at the moment, relaxed me a little bit, thank you.
I said free education, but actually on paper at least, it was definitely the opposite of free.
I am not feeling that down, happy for the free education. Realistically I was taught the same lesson on tesla battery day, but didn't learn from it.
@SuperStarr, nice ideas, I agree on the whole.
People just need to realise that the stock market is not predictable like they imagine. People panic when time passes and they don't get their return - but the stock market always favours the patient.
The market knows there are many impatient people around earnings releases, and that is often why you see so many duped and disappointed at a non-break out or a tank, on good results. The market just isn't going to pay you for a night's worth of risk and work. The market favours the patient, the sensible, and as long as the business fundamentals haven't changed, the sentiment can waver but that doesn't reflect long term outcomes at all. It's, just, noise. Step away from the computer screens for a week or two if you are really feeling hit by the correction.
Yeah 400 resistance followed by 433 as new highs then 450. All of which will be beaten it’s just a question of weeks or months, I personally think weeks.
Yeah I agree, may dip another 2% just with people fed up with waiting when they already have done for a month or two and had enough, after that it will have new buyers seeing a cheap price and build up to new highs. A 2-3 day dip will a be forgotten about when we start talking about Christmas on the way, lockdowns and who are the companies that will benefit from it. I just think for people it was too tempting to sell regardless of the price yesterday as for everyone who bought July or later, yesterday was profit. I am happy to hold for the bigger profits on their way.
But might have a slight drop when and if we hit 400, as its a nice big round number.
@superstarr I think you are right, this time round there won't be a big drop when people sell, except maybe tomorrow, as everyone won't just be focusing on one big date.
Or at least, I hope so.
Hey all, I have followed this thread for a few weeks but finally registered so I can comment. This thread has been a great help since I bought early August, if you can filter it though all the rampers and derampers there are some really useful tips and advice. I too have seen my boohoo shareholding drop about £4K over the last two days, which of course is hitting but really all it means is as long as long as you don’t need to sell straight away it’s more of a time issue than losses issue. The price will go up, I watched the boohoo shareholder live stream yesterday and the company is going places, it’s just the price doesn’t reflect it yet, we need to hold on a few weeks longer. In my opinion (and of course I could be wrong) over half the people that were on this thread bought cheap, all waiting for a positive slavery report outcome, and good results, once that had happened they planned to sell. This is exactly what has happened!! The share price may of not been up in the high 400’s but it was profit so tons sold immediately resulting in the share price going down, then al the price was low people toyed with whether to sell or stick but as they were hoping to sell on results day they have taken cut profits as they wanted to move onto the next share. I think we were all expecting a higher price yesterday morning but I think we also expected that to shoot down with all the sales of people cashing in on profit, that’s exactly what’s happened, just at 400 down to 355 instead of 450 down to 400. It will take a few more days of people toying whether to cash out at a smaller profit and then it will start to climb again, as this is a good company, big expansions, good profits and a cheap price at the moment. Give it a month and we will be where we all expected to be yesterday.