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Was that you Noel 301k buy at 0.825p :-)) was not expecting that so quickly on a day like today it took me by surprise. If I did not hold so many (6 mil) I'd buy more myself
Thanks for giving your time to that Davey, and what you say is true.
I didn't make my point clear, sorry. I wasn't comparing the companies to each other. I was comparing statements of expectations and future prospects, versus how things actually turned out.
I have previously said how the talk of expectations and optimistic outlook in the announcements from FLX, and in video interviews with the directors, used to get me excited enough to add more to my holding, and I don't mean just once or twice. I was a buyer over a period of years and used to post on here about how enthusiastic I was about FLX's prospects. My postings will still be there - but I was a fool for not taking heed of FK1 sooner than I did.
Like FLX, and all companies unless they are in serious financial difficulty, ECK expresses optimism for the future and mentions expectations - always cautious optimism and being quite reserved about expectations - but in my opinion, they deliver on their claims. That trading update has these phrases - "US ARR ended the period at $12.7m, nearly 60% higher than last year" and "well ahead of expectations".
From the time I spotted ECK, the sp went from about 5p (I missed the bottom by waiting until it was 15p before I bought in) to over 50p. It has recently dropped back, but I think it will recover strongly.
The FLX sp just went down and down, so I got out. However, as I have said to others on here who accused me of being here just to cause arguments - I am in the stock market to make money, and if I thought FLX sp was going to go up I would buy. In fact I did recently have a small flutter on FLX, I told of it on here, and sold at a loss - making the scoundrels look ridiculous with their talk of a Moonshot.
So that is why I am still here, to make money. I keep an eye on FLX and if I thought it had turned the corner, I would buy - but not until FK1 confirmed my view and said it was safe to buy.
I said that ECK's reports, in my opinion, are always cautious with the optimism and quite reserved about expectations, so when they say "significantly" as in "The Board expects revenue and profit for FY23 to be significantly higher than FY22" - I am hoping for very good news. I think they put out their finals in June, so I will soon see.
I await the final results from FLX with great interest, but so far, their words haven't persuaded me that now is the time to buy, but I never say never, and good luck to you for when the results do come out.
Daley, Interesting observation
A good update from ECK but did you noticed them say they expect net cash to end up around £1.1 mil so little FLX worth just £4 mil next to £100 mil of ECK has way more cash.
Talking of company announcements and expressing optimism for the future \ expectations, etc. see today's announcement from ECK.
Not my words, but the title of this article - "Here Are Some Things That Are True..."
"Anchoring is a cognitive bias in which the use of an arbitrary benchmark such as a purchase price or sticker price carries a disproportionately high weight in one's decision-making process...
In the context of investing, one consequence of anchoring is that market participants with an anchoring bias tend to hold investments that have lost value because they have anchored their fair value estimate to the original price rather than to fundamentals. As a result, market participants assume greater risk by holding the investment in the hope the security will return to its purchase price." - end of quote.
Another quote - "everyone who is underwater on their positions desperately hopes that they will recover."
From -
https://www.zerohedge.com/markets/here-are-some-things-are-true
I thought I recognised this sort of behaviour from people on here, e.g. deciding to buy in the 0.60s range, but I'm not mocking or ridiculing anyone - I have made these same mistakes myself.
Yes, buy low sell high makes money, but don't confuse spotting shares that are oversold and buying low with bottom fishing.
Same here. I bottom fish penny stocks for over 20 years and overall it does me well. Obviously we all know a lot of Aim stocks will not be around in 10-15 years time, I remember looking at a old FT and thinking jeez I remember those stocks but a lot do change their names to throw people off the scent.
I know people like Noel will disagree but the market cap here is almost down to the last reported cash and it's also now very similar to OSI which punters still pile into despite halving from the spike yet they have bigger losses, bigger cash burn and far less cash and need to raise money. I feel a update from FLX soon might change the sentiment.
''and bottom fishing usually loses money.''
Across all bets over time, I don't think it has for me.. so far ..and fortunately.. Perhaps different experience for you and/or others.. learning that the hard way even .....
Good weekend. to all...
It doesn't matter how you try to worm put of your words - you are still bottom fishing and bottom fishing usually loses money.
.60 or .65 or .67 for eg are each figures Noel.. I said .60's, not a specific figure :-)
Also where did I say .60's are a bottom ?... This might easily go to .50's after I bought in .60's for eg .. c'est la vie..
I've learned the semi hard way not to call a bottom here.. others have learned that the hard way, seemingly...
PS I hold 30 plus AIM shares at any one time, bought at whatever prices; and it's all gambling.. hence why I refer to them all as bets.. and NEVER Investments.. and I've learned that the semi hard way, but not the hard way, fortunately..
"I'd consider getting back involved here in the .60's, if it were to go there" - note that NTM did not spend many hours inputting all the variables into a spreadsheet to come up with the figure of 0.6p as the bottom. He tells us "intentioned bet to hopefully sell in the 1'sp" - so it is a pure gamble
Now, as we know with FLX, a bit of news can trigger a spike, and so there are money-making opportunities that come along for nimble traders, but to randomly pluck a figure out of thin air and call it the bottom - well - I remind NTM that The Trend is Your Friend.
I'd consider getting back involved here in the .60's, if it were to go there.. hopefully for the long suffering here it doesn't.. this would be a smallish range trade intentioned bet to hopefully sell in the 1'sp if it went back there.. my losses here my first time around were, altogether, modest.. so I feel I've only learned the semi hard way, so far.. if I get back involved, worst case, i could say I've now fully learned the hard way, and not feel like I've been left out in that sense here....
0.75p ! How can this be? The slimeball, roly, Miss dribbles, SL100 and Squadron all gave the reasons why the FLX share price would be going up not down. Who was it who told them that their reasons were only theoretical and that the trend of the sp was abetter guide?
Well slimeball, roly, Miss dribbles (also SL100 and Squadron if they are still here) - what do you think of 0.75p, as Davey has told us about.
Speak up Squadron - you had lots to say when you first came on the board. Now admit that FK1 is always right.
My post needs clarification - I didn't buy on the slimeball's advice. By, "as did "", I meant that I ignored FK1 and learned the hard way, however, I had come to my senses and realised that FK1 is always right and I sold before the slimeball started dishing out his advice.
Over the last few years many FLX investors who took the slimeball's advice and bought at 3.5p, 3p, 2.5p etc. sold at a loss. They learned hard way, as did I, that you ignore FK1 at your peril.
Somebody just sold at 0.75p bonkers. I just had a look back at that crazy day 1 month ago and they bought them then and paid 1.1p. So when it was flying they are happy to pay 1.1p but when it's quiet and struggling they sell below the bid at 0.75p, that represents most pi's chasing a fast buck in this market. 0.75p is mental considering the business now and the cash they have.
One more trade - a sale -
05-May-22 14:32:49 0.8175 225,000 Sell* 0.80 0.95 1,839 O
Someone got fed up of waiting for the Moonshot that never comes.
Today's trades -
05-May-22 11:51:56 0.82 106,096 Sell* 0.80 0.95 869.99 O
05-May-22 11:21:23 0.82 30,579 Sell* 0.80 0.95 250.75 O
05-May-22 10:39:17 0.905 10,503 Buy* 0.80 0.95 95.05 O
05-May-22 09:28:33 0.82 14,394 Sell* 0.80 0.95 118.03 O
05-May-22 09:19:49 0.82 162,175 Sell* 0.80 0.95 1,330 O
Is that what a Moonshot looks like?
Your so-called humour stems from a smug attitude, the same attitude that caused you to ignore the warnings from. That is why you are losing money here. You really are buffoons, just like the Carry On cast.
I suppose your "humour" gives you some consolation as you watch your investment evapourate. I see humour in the fact that you are posting your drivel with the Subject line pointing out the reality of which you are in denial - it says "0.80p !"
So keep on turning a blind eye to the sp and continue with your pathetic mocking - you can star in a film - "Carry On Mocking".
He also sang " Send in the clowns " which I will dedicate to a poster here !.
He also asked to be taken to the Moon.
Did Frank Sinatra do it the Easy way ?