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Enrico, it is impossible to miss you.
I wonder why you do not get your timing right.
TIMING is the key to success. I remember RTC when he
was gloomy years ago but you are more of a newcomer and too confident.
And a good one, JerseyCrew!
Now, how about going up 7p from here, then another 7p, then another...
Sorry Bully I seem to have stepped on someone's toes.
One thing I've learned through David Lenigas companies is never ever buy on a spike and buy when the dust settles
ATB:))
Suggestion. Talk in terms of up 7p and down 7p. It is very transparent and avoids arguments. Just a suggestion.
ATB
Mapp,
You seem to have an unhealthy obsession with what I think and say, and you've been stalking me for over a month now. Stop it, please.
Our predictions, hopes and expectations are sometimes right and sometimes wrong. My GGP average is around 11p and I don't hold a massive number of shares (just under 115000) but I do believe in this company and I have topped up twice this week (at 24.8p and 22.225p).
Everyone should make their own decisions. You choose to listen to someone or ignore them but please don't go on abusing people and stalking them on discussion forums.
Ok, this has become petty. I was defending our position that 40% has been lost out on by someone being derogatory in the first place. The share will need to rise 40% in order to achieve what we once had. Is that sufficient pedantics for you?
Clue. A 50% drop followed by a 50% gain is the equivalent of a 25% drop
Enrico likes spikes when he makes his predictions.
ROCK promoted on GGP at 2.00 now less than 1.00.
GGP predicted to go beyond 27 soon and now 20 .
I wonder how much he is losing?
Sorry, I didn't mean "doubling" in reference to a 50% rise in my last post. Here's a corrected version:
For those of you who are still struggling: imagine the SP halving (a drop of 50%) then rising 50%, then halving again, then doubling again, and so on. Where do you think the SP will be after a large number of such steps? Certainly not where it started.
By the time I typed my response to jg88, several posters had already clarified the confusion. It's reassuring that a lot of people do understand these concepts!
For those of you who are still struggling: imagine the SP halving (a drop of 50%) then doubling (a rise of 50%), then halving again, then doubling again, and so on. Where do you think the SP will be after a large number of such steps? Certainly not where it started.
jg88.
Nope. Thats incorrect.
You've lost the equivalent of 40% of the current value of your holding. However you've only lost 28% of the max value of the holding.
You're now comparing apples to elephants, and if you have any sort of financial role i'd worry for your clients
Ok fair enough. But I don’t think anyone was ever saying the value of the company had dropped 40%, but instead our take. There was a commenter informing us to go back to school for pointing out that 40% lost.
If you invested £1k in GGP at 10p and it rises to 28p, then you’ve now got £2,800 worth. It drops to 20p and you’ve got £2,000. £800 lost on £2,000 now represents 40%.
Enrico - this ones already become good for a lot of us, not sure how much goodder it can get. I was in here at 1.8p. It’s been a massive rise since then
" chartered tax advisor" LOLOL hilarious.
jg88,
With all due respect, you seem to be confusing two concepts: a 40% drop and a 40% rise.
The former works as I described earlier: a 40% drop results in the current value being 60% of the initial value, so a 40% drop from 27p is 16.2p. The latter is more straightforward: a 40% rise results in the current value being 140% of the original value, so a 40% rise from 16.2p is 22.68p.
No need to hold a PhD from a top university to understand that. Still, remarkably many people struggle with basic maths.
All the best with you investments! This one will come good sooner than you think.
EP
Especially embarrassing as you are allegedly a chartered tax advisor jg88.
You clearly don't understand arithmetic either!
8p increase on 20p is indeed 40% but an 8p decrease on 28p is around 28%.
I personally am seeing Friday's closing price as a technical blip due to the ETF buy so we are currently around 4p down on last Thursday's close of 24p so maybe 15% down this week.
I can live with that!
jg88 - you are making yourself look foolish with your grasp of numbers
jg88 - then you can't slate enrico as you're both using different figures.
You are both right in your maths as you were talking about the rise, and he was talking about the drop
Jg88 - not sure if iv got the arse end of this argument but a drop from 27p to 20p is around a 25% drop. It’s not the same as a rise from 20p to 27p lol
DGR1980...we’ve lost out on 40% potential profits by not selling effectively...
jg88. I'm afraid its your maths thats wrong.
20p to 28p is a 40% rise. However 28p - 20p is only a 29.6% drop.
The rise is 8/20 but the drop is 8/28 as you need to divide by the number you start with
Our latest newcomer is getting awfully angry , just like shorters do , insults flying as shorters do . Must be a little fella lmao , filTURD.
I also care about precision. People saying "a 40% drop in 3 days" should go back to school: 40% of 27p is 10.8p. Have you seen an SP of 16.2p this week? I bet you did, and probably bought back at 16.2p, having sold at the very top...
Bamps21,
"I don't know why you are all fretting over a little drop"
I hear what you're saying, but a 40% drop in 3 days is more than a little, it's rather savage, it's a pizzzz take really.