The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Just to be clear I only confirmed they were my trades in order to avoid misinformation being posted.
For those that say I risk being out when news arrives, totally wrong. I have a significant holding that I will not trade.
If the offer price drops to 17-17.50 then I’m in with a trade, but no one would be happier than me if news dropped tomorrow at 7am.
Gruff, it sounds like a fine Rum but have a feeling it’s krevis wipe
Tilly - maybe this is where the Regina Blitz could be useful.
Gobig , no problemo , all banter is good whatever orifice it comes from ,
Unfortunately, Septic Lils rear orifice will be like an orchestra tonight after that double Lamb Bhoona
Zero Funks given, buy/sell/hold - who cares, it's your money
The main point was that he sold in 4 tranches. Code 4! £4b sale price, 4 rum and coke’s and 44 slippery sea dogs on here all happy as flipper the dolphin. GLA (sorry Tilly)
Whatever he did/didn't do the main point is he sold BECAUSE we were rising, we weren't rising because of anything he did... so that's a good sign for tomorrow right?
The rise was natural for once not some strange after market stuff. That fills me with some hope for tomorrow.
Sorry, I didn't realise the trader was here or I wouldn't have said anything
I think he actually got more than £10k. He tells us his buy average was 17.48, and the four sells were for 19.16, 19.1201, 18.6501 and 18.6001. So every sell trade was at least 1p above the buy average and two of them were 1.65p above the buy average. Probably around £12k or £13k profit.
Who cares what someone's done not interested all im interested in is that red dot with rns stating deal. The sp can do what it wants in-between...
Fair play to him, and fair play for being transparent.
No-one's getting mad. We're discussing investment strategy.
Don't project please.
That's it! Lets all get mad at the chap that managed to make some money today when really the MM's are the ones shafting us!
Each trade of 1/4M affects the sp. Both on the way down and way up. So it's very unlikely that you'll manage to gain 1p on all 1M shares.
If you managed it once, congrats. Don't try it again or you'll probably lose the second time round. Stick to the roulette wheel, it's got the same level of safety of capital and attractive women give you free drinks.
And you don't get £10K unless the sp movement is more than 1 penny because the spread eats 1/4 to 1/2 a penny each time. Then transaction costs add up. Plus tax.
Plus the risk that you'll be out when the RNS drops.
He didn't sell that much in one go - he sold 250,000 in 4 trades over 2 minutes
Ginger - You generally can’t buy 1m shares in one go either.
Break the deal down into smaller batches, not difficult.
Sorry, should say 1M shares, not £1M worth. Point still stands. You can't normally sell that much in one go
1) IF you can predict the sp movements that well.
And every time. If you only get it right 50% of the time you get no-where.
2) you lose out on the spread each time. So really you're making money for the brokers and MMs
3) you can't buy and sell £1M worth of share very easily. In fact starting that process would lower the price by the time you ended and it would be a while before it picked up.
So, in summary, you can only do it for small amounts, most of the gains go to brokers and MMs, and it's risky
So a lot of this price fluctuation is probably just standard day trading. If you sell a million and buy them back at just a penny lower you have trousered £10K.