Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
I use a similar approach to you Fleccy when buying shares. I buy and hold for a while until I get back what I think is a fair price for the company. I usually only start looking at a company when its share price has dropped at least 50% from a high. I then start to analyse why its dropped, if I think the reduction in SP is overdone I start buying in tranches, the tranches get larger the more depressed the share price becomes, some call it averaging down but I usually sell some as the price rises. You need to continually review the investment case and be prepared to sell at a loss IMHO. I also believe that BT is undervalued however we are losing money on paper. Velo is in profit here so that makes his BT investment strategy more successful than ours thus far. You can say it’s only a paper loss but with hindsight I’m sure you’d rather be investing at these levels than your initial entry point?
"HaHa, good escape Velo. Your acting like a slippery eel not letting the market catch you out."
It's only useful if you buy back in at the lower price, and take the chance that the price will increase from there. My personal view is that BT is so undervalued that it will see significant upside at some point. I'm still down on my BT investment overall, but I topped up £15,000 worth at 106p, £20,000 worth at 112p, and recently bought another £1600 worth at 123p. I'll just hold through the ups & downs, and decide on selling when I see the right price, which is at least 150% north of the current price. Like Velo disciplines himself to follow his method, and sell at a loss if required, I invest where I see value and hold through thick and thin until I make a profit. I've been down significantly, on other investments in the past, but my investments have always come good eventually, as will my investment in BT.
HaHa, good escape Velo. Your acting like a slippery eel not letting the market catch you out. I think I’m going to stop looking at my BT holding for a while (It’s too depressing) and buy a few more Verizon shares. Verizon are still paying a nice dividend too. Worth a look if you like your telecoms companies.
Velo I know you love charts as a tool to predict price movements. How do you explain these moves in BT toward the end of 2020? I've only charted the recent upward movements, obviously BT has lost much of the price gain since it climbed into the higher 140's. I don't believe you can chart BT's price movement with any certainty. Please see charts, below.
https://docs.google.com/spreadsheets/d/e/2PACX-1vTF-k3lA_C1VtORHNEfyLcSBVYlas_Y5xE28CjTTT_9HO_Yx7emBixd36CHqstRPfh3GWqx3xMcZwNR/pubchart?oid=987433372&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vTF-k3lA_C1VtORHNEfyLcSBVYlas_Y5xE28CjTTT_9HO_Yx7emBixd36CHqstRPfh3GWqx3xMcZwNR/pubchart?oid=1814860612&format=interactive
https://docs.google.com/spreadsheets/d/e/2PACX-1vTF-k3lA_C1VtORHNEfyLcSBVYlas_Y5xE28CjTTT_9HO_Yx7emBixd36CHqstRPfh3GWqx3xMcZwNR/pubchart?oid=627487239&format=interactive
Good luck Zico. All being well it should only be temporary on my part. Still believe BT has commenced a somewhat confusing change to a bull trend. But with UK stocks I need all my ducks lined up in the right order. BT has form in punishing otherwise :)
Just added at 124p
gla dyor etc
lol I've just bought back in at 125p
Bugger! Let the day develop until nearly half an hour had elapsed to let the market settle and control any pannicky reactions by myself in the first 'cowboy' period of the day, yet despite expecting 125 I thought it would be an end of day close yet within that first half hour 125p itself was showing on my screen.
Seeing it that early was worse than my expectations and I thought forget day trading all day trying to pick off the best price - so after a few minutes got a quote for near enough last night's close, better than the 125 that had been showing, and after broker's fee only a tenner worse than the amount showing last night - so all in all approx £59 loss. Nothing. Out intact.
(Got 127.09p and the trade was accepted).
If it was going to get worse than 125 at such an early hour I was going to hack it through enemy territory as best I could, because I still hold the opinion that the SP is developing into a new bullish trend. But timing is all. So didn't want to hold 'hoping' whilst in a deepening worsening position.
Some thought required on my part, in BT stock. Myself. and the future.
Apologies: Overlooked sprinkling IMO's all over the place in my post below.
See you soon velo
Now if I done that 1 hour after pulling out takeover bid of £3:50
I'm issuing a Tactical Retreat! Lost the battle tonight! I'm being airlifted out tomorrow. Live to fight another day. Yada yada yada.
Tiny loss - double figures only (might be less if time to pick and choose exit tomorrow).
It's the one thing I'm proud of - after some half a dozen assaults by the zombie bears of BT and after some 3 or more years of trying to defeat them, I'm technically still in profit after all these forays behind enemy lines.
And there's only one way I've remained in profit and that is retreating when the battle is lost, and doing so ASAP.
Result? Funds still in intact to plan another attack. Battle lost, but the war is not.
I could be back - parachuted in behind enemy lines within weeks. Not sure. It's that new uncertainty I have to remove from the equation.
Biggest concern for the last day of the month is 125 as it's on the cards for putting in an appearance - tomorrow! Hell's-a-coming!
And after it being p!ss easy to see 130 at some stage each day of this week - no longer. In fact close on 130 tomorrow and my retreat will be a huge tactical error as for tomorrow, closing on 130 would turn the whole game around - but it won't - it's gone for the foreseeable.
Biggest mistake? Hiring a man in green ladies tights as a warrior - Could have booked Liam Neesom from Rob Roy, telling the Normans: I have a particular set of skills. I will find you. And I will kill you.
But I thought no, the Normans would only nod to each other in whispers and talk about me behind my back, if they saw me replace a bloke in tights with one wearing a skirt.
BT is a worldwide toughie to crack and make a profit out of it via the SP alone. So I'm protecting what embarrassingly little profit I have left in BT (still in a little cumulative profit; stake money unharmed) I'm going to ground and planning the next assault. This is a temporary setback; I'm just cashing in the insurance policy to survive as don't expect 120's to completely give way - but I'm not sure - so insurance policy redemption enacted until I am.
I shall return. I'll be back.