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AlphaC
I've had 3 goes buying at 125, 133 and 109 since early December.
I was hoping to trade a profit over 3-6 months, but looks like I've become a LTH by default.
Trying to pick the floor is a mug's game.
Most sensible option would be to wait until the SP shows evidence of rising - which I thought it was doing when I bought 2nd batch at 133 on 7th Jan.
Alternatively just dip your toe in and spread/average your purchases.
The SP could easily drop much further yet, but hopefully not for any existing holders.
Any future buyer should be wishing for lower prices.
Cheers - CSDI
So, where is entry point/floor. 95p?
Mother
Thanks for the advice
I'll have a look.
Cheers
Dagger
Hi Somnamna, yes understanding fundamentals tells you what you need to know about the company and is obviously very important, but technical analysis allows you to better plan your entry and exit. You need both in my view.
DaggerMal start with the basics, understanding support and resistance, drawing trend channels and understanding basic candlestick patterns. Once you've covered these there is a wealth of information on YouTube alone for you to sink your teeth into.
Hi Motherfaker, thanks for sharing. Irrespective of CEY you have kindly given me a new source of reading on technical analysis.
Learning from the usual investment mistakes over the years it is becoming clear that a good knowledge of fundamental and technical analysis is required.
A share is not worth buying unless it is good value but it is important to understand where it is concerning price and market action at any one time through technical analysis. Indeed I wished I had read Stan Weinstein's Secrets For Profiting in Bull and Bear Markets before making the emotional illogical decision not to sell CEY when they were riding high at 230p.
I am a long term holder in CEY and will remain so but on an in / out basis going forward.
I like the irony!! All done that!
DaggerMal
Thanks for sharing. I just got to understand it now!
Are there any books out there, that may help a new investor, like myself?
Many thanks
DaggerMal
Painful day everywhere today. Glad to have added more yesterday ready for a drop today. Onwards and upwards.
Hi, I see it going to 90p as a harmonic crab pattern is almost complete. I could be wrong, but that is where I will be looking for a reversal. My targets would be the green boxes. https://www.tradingview.com/x/Fqqu9GnH/
Cheers Steve for such a quick reply. I believe in the company. Fundamentals are sound. Change of CEO, cash in the bank, pit wall resolved( ish). Slight possibility of a t/o. All in the plus column.
In the minus column - yields against it. Plus mkt sentiment, POG etc
However, eventually the tide will turn. Therefore sp is under valued imo.
But I'm a novice, what do I know. If you disagree please be gentle, I'm a newbie!!
DaggerMal
I'd like to avg down. I got it wrong first time, don't want to get it wrong twice! Lol
Stay well stay safe
DaggerMal
Unfortunately DaggerMal I simply don't know. I'm not chartist although do take the odd look.
I've stated the reasons I hold in previous posts if you're bored, scan through- they're pretty much echoed on the board, and lots of other good posts from people since the Oct2020 RNS'.
The SP, has broadly tracked other PMs and gold since the poor news in the Oct2020 RNS'.
I've traded many golds, so could swap, but at the moment the case is more compelling here in the light of imminent, potentially impactful, news down the track along with what's been communicated since the Oct2020 RNS' which caused the big drops.
Cheers.
Hi Steve
Thanks for posting. As a guesstimate how low do you think it could go? Low 90p or lower. If so I'll buy more
But would like your opinion? As well as anyone else who wants to chip in
Regards
DaggerMal
If you look at the US indices, pretty much everything is moving with the yield (opposite to it of course)
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
Yes on this one, and most gold dependant one alas. The US indices started of ok at open, but yes are dropping again with the Yield spike, also battering gold- how much auto-correction is in there is anyone's guess. On the ~50% drop from highs, yes a bit more alas, but moved with gold bar the big RNS Oct2020 issues.
Good luck to all whatever you do, we are all here to try to make money- we get these brutal times, time to time. Although I must admit, seems to happen here quite a lot recently.
I hold for reasons I've already stated, not overly exposed here, but of course I hate losing money, and this is painful!
Wonder if WorldQuiant will still be going short on Cey now?
SteveJones999 Re carnage. Unsurprising thought this would happen. 50% retrace from Aug/Sept high. Buying opportunity opening imho.
I wonder will the SP hit 37p just like in the old days ?
Just going to Poundland , wonder if Centamin will be in the specials Isle!