Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Not often that I can get the timing right to buy really low eg bought here at 1.44p whereas 0.3p would have been a much better entry point. Roll on next week. GLA
There is always the option of buying low and selling higher later, assume fund available:)
S*d's law, instead of going up to 3p it has gone down to 2p so no chance to sell half on a double this week and no chance to sell high and buy back more shares at a lower price.; philosophical smile :-)
@ RKB, I understand what you are saying but there is always a BUT! It is so difficult to find a 'good pen'. I am aware of the stock market saying 'sell half on a double' but had I done so with my largest holding I would never, in a lifetime of investing, have the value of my 10+ bagger! My largest holding is in a 'good pen'. I could sell some of those shares and go on a free ride but the dream outcome (£m) would only happen if I keep the total holding. So some months ago I set up a separate trading pot but I did not think about any ground rules. I think in future my policy will be to take some profits when they occur but also leave some shares to run. Now CLP is doing well and I will think about selling half my holding on a double but it is so tempting to wait for 3p!!!! ATB EMC2
A few years ago, when I had 7 million (after slicing 4 million) on the last day of June 2017 I believe I sold a few in 47 trades, all small trades but cleared £31,000 profit. If on that day I had dumped say 3 or 4 million at 8am then I would not have got as much (and the price would have crashed) I drip-fed the market and got an average, nobody got spiked and I still had 3 or 4 million left for the next leg-up which was early January 2018. Then late February 2018 another good day.
If you read business books and took a simple business proposition like, “I have a pen, a good pen, do you want to buy it? It is so good that it will last forever, and you can sell it for more than you will have paid me”. Would you buy the pen? Would you buy the pen if you thought it was never going to be worth more than you paid for it? Nobody knows how much anything will rise to and if I slowly top slice then I believe I am not greedy. But most on B.B. are greedy and want to sell at the top but invariably miss the peak because of greed.
I do not know if that assists you or answers your question but it is what I do.
On 90% of my main market shares I put a limit order in for a portion of my shares at a percentage above what I paid for them, sometimes they trigger in days, sometimes weeks and sometimes never but I take the emotion out of selling and as they say, “its only business”.
RKB
PS Most of us do dummy buys & sells to gauge the current price and earlier today I could sell all of my shares for about £50,170 then this afternoon would not even take 1 million so if I could sell my first batch at 2.33p then the next 3 batches would probably have been at 2.3p then 2.2p then maybe 2.1p (all hypothetical as I do not know what price MM would offer but on the above it would have resulted in about a total of £44,545 (£11,650 £11,500 £11,000 & £10,395) so I would be walking away with £5,625 less if the price is falling. But if I am slicing as the price is going up I will achieve a bit more.
Pass the Chianti over this way, I need to drown my sorrows over the huge profits I did not take in UFO, BRH, ARB and GGP during the past three months. Don't have enough CLP shares to make up the gap when they come good over the next couple of weeks but every bit of profit would be welcome. GLA
Profits profit, there’s risk involved no matter of confidence, I don’t blame anyone for taking a profit.
Research with Chianti
As there was not much happening today with our share, I decided to do some research on the LSE Main Website.
I have said on a few occasions recently that I am moving gradually over to the Main Market mostly top 350 Companies and dividend payers.
I had already come across Income & Growth VCT ticker IGV. I first seen this share on the 8th of this month, and I liked it and had it on my buying list (when funds become available after 10th March)
Then I noticed an IPO document for V irgin Wines for next Tuesday. They are listing at I believe £110 million. Now IGV have 13.4% pre-IPO and they are selling all their shares. Their shares are currently valued at about £6.45 million and pre-IPO about £11.54 million. This could indicate an increase in IGV’s current share price from about 74.5p to over 80p.
I only mentioned this to two close friends, and we all bought. Typical of LSE our trades are not appearing (yet)
I do not apologise for posting the above on our B.B. as I believe Chianti should be mentioned where appropriate.
RKB