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Here are nine surprising things Jesse Livermore said regarding excessive trading:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
8. “Don’t give me timing, give me time.”
and finally, the most important thing:
9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”
Marcal being 100% right in this is not so important as the real money here is in holding 9+ months to 5 years. At that point whether you bought at the absolute bottom or near doesn't much matter.
In your position I would break a campaign up into small trades where you are comfortable.
The toughest thing will be not to tinker with your holding.
Agree TL, no one is going to be in the slightest bit interested in following up whether they declare or not.
If they don’t, I’m sure ENET will receive a few enquiries from shareholders. That will be the extent of it.
I don't think that it is Tarana directly they have lots of investors who are well placed. I can't see City of London Police investigating anything and the AIM regulator is on permanent sick leave.
I am more intrigued by the timing and purpose.
As there’s clearly a great deal of cooperation between 5G and ENET it will indeed be interesting to see if we get a declaration or not!
Of course there are and will be more exciting things going on, nevertheless the actions and intentions of a major backer of our company are of importance and significance to the shareholder base at large.
Yes, it will say 5G. I didn’t mean declare their hand in that way , who remains behind 5G will continue to be a subject of speculation. I mean in terms of declaring their holding.
As they’ve appeared to be less than keen on declaring a holding I rather suspect we won’t get notification. One reason why they could be less than keen is once they’ve declared then any further buys/sells below certain thresholds subject to notification, thus alerting the market to their actions. Of course they could sell to drop below 3% then they can do what they want without scrutiny. I know dallo says it’s not the case, but I still think 5G will use 5% as the threshold. And as it’s up to the holder to interpret the rules and not the issuer, I’m not sure there is anything that could be said about it, imo. I’m expecting to hear nothing from 5G as I believe the 5% rule is valid and it doesn’t matter what ENET or the Nomad say in this respect.
The above is just my take.
GLA
Yes it would just say 5g Innovation Leaders Fund. Not a fan of the theory that Tarana are behind it - possibly one of the backers of Tarana in the recent funding round but not the company directly.
But surely it will just say 5G Innovation fund and Not Tarana Wireless
Wonder if 5G will try to circumvent the declaration by taking advantage of the overseas 5% threshold thing?
As it’s up to the holder to declare and not the company, as I see it the ball is or soon will be in 5G’s court.
Will our mystery benefactor declare their hand?
If I were a MM short of stock I would be shaking this down right now. Lots of New money yesterday and last week on a small profit. They will be keen not to lose that. A shake back to 40p will bring sellers and buyers. Let us see.
Looks like they are getting some now.
43.30/43.80 currently. MMs want your shares.
So on it around 26th April, with the allotment of shares announced today, 5G fund will own a minimum of c 3.49% of ENET shares.
I assume we will get the appropriate notification soon after the 26th April.
Lets hope this quickens the timescale to ENET becoming an AIM Unicorn.
Without knowing the complexity of the task it is difficult to say but it is clear that Ethernity has a relationship with many OEMs who I suspect could be subcontracted or commissioned.
Lots of options.
Ethernity are amongst a huge expansion for sure and events are now very near at hand.
I don't think that it would cost more than $1m to establish production in India. There are many government incentives for foreign tech investment in Indian production.
It is only a couple of hundred units a day so not huge.
Ethernity has income already to mitigate more than half of the day to day costs.
The drastic increase in staff numbers to cope with rapid expansion won’t come free either I guess
It's only 400k though TL, that's just working capital money. Surely a production facility would require large capital outlay and probably some form of debt instrument?
The other options are in house commercial manufacturing of ACEnic-100 for China.
Spend on the DU solution with 3 Major Server manufacturers is largely a investment in human talent as I am sure the server manufacturers will be physically hosting development.
I am firmly believing that we'll see a production facility created in India with a 50000 unit a year initial capacity.
So it is very clear that Ethernity are making a substantial investment somewhere with this need for funding early. Certainly some will be in a production line for the Tarana flow processor.
Yup