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P.S - Only mentioned it as you stressed it twice in one message.
Very unusual !!!
psmith64 - Thanks for the explanation.
Notice you said you weren't greedy in one of your messages which probably means you are - not sure whether it was tongue in cheek. Greed is not really a financial issue but one of the heart.
Anyway, we are all born brave, trusting and greedy and most of us remain greedy.
ATB and thanks for all the useful info that you and others provide here on a daily basis.
Alex452........ certainly not part of any consortium or pump and dump brigade, just a private investor like everyone on here.
Do you really believe that a share bulletin board can move an SP , I very much doubt it.
Well at least you understood my position Tonearm and yes it was a risk, but a calculated one.
There is still a lot of doom and gloom , but the hydrogen news flow has moved quite positively the last month.
There could be another chance to pull off a similar stunt that I did the other month but I am not quite so brave to do it again at the moment.
As for the Jackanory accusations, I have the proof of all the contract notes should back up be required.
Me, me, me. Yet again
Tysonfury.......read my post properly.
I thought I made it pretty clear that the 400,000 purchase at 6p was purely hypothetical to give an example of the sort of profits that some long term holders could currently be sitting on.
I have never declared anything other than a 30,000 share holding in ITM which is probably quite modest to some on here.
I acquired my holding some 5 years ago in various tranches between 6p to 20p with the 40p placing shares last year, so an average original purchase price of an average of 14p
I did sell out completely back in June at an average of 298p and bought back in a week later at an average of 252p. That has put me in a position in effect of taking out my original investment plus some profit. Effectively that week out has given me my shares for nothing.
Tyson, don't bother trying to get any sense out of it. He's all over the place. Frankly he's lucky to still have his holding with the risky stunt he pulled a few weeks back. Even luckier to come out of it 8k up on the deal. He could have easily waited too long and decided to jump back in 8k down instead. Let's face it all the doom and gloom he spouted a few weeks back is still with us, EU relationship undecided, Covid still with us, big recession still happening, massive job losses piling up. None of that's changed yet here he is back in the same game as big a holding as ever, just a little more pleased with himself. Basically, just leave him be...he's happy.
OMG .... the penny has dropped at long last ..... JACKANORY springs to mind.
By all means read the posts here, listen to the various views but don’t always believe it all. There’s a lot of spin from a few individuals who constantly think they know better than you. Don’t be misguided by others when it comes to investing your cash.
So you have 400,000 shares, still?
I know you bought that many at 6p ( though you said you’d bought £5Ks worth after visiting the Co. Back in the day).
So 400K @6p =£24K. Even if you’d sold them all and bought back at 14p that’s still > 170K shares.
@ c. £3/ share that’s way over £1/2m!
But then you said you’d sold them all a couple of weeks ago and bought them back and made £8500 cash!!
To make £8500 at 2.92 and buy back for ~ 2.60 ( think you bought 3 or four “tranches” either side of that price, you’d now have between 25,000 and 30,000 shares!
I hope you’re making loads of £ but If you’d been in @ 14p ave and your original holding you’re over £1m
What did you actually do??????
Ps smith,
I’ve been reading these posts for a few weeks now and i thought you was getting a lot of stick for no reason. I’ve noticed you have contradicted your self a few times ie with the 14p average for example.
For some reason I can’t help but think maybe your part of a consortium for example pump and dump gang. This is my first post as well and I’d rather it be different but you seem to be ramping itm constantly and from reading your posts your good at it too.
Today’s as you say profit taking felt like market manipulation to me.
Maybe I’m wrong but I’m sure this thread will be interesting when you reply.
I always count my original buy price as the one to work to , I still hold the same amount of shares that cost me 14p, that's how I look at it.
psmith64 - Thought you'd sold all your shares and bought back and now averaged circa 250
Your average buy price is 14p ??
During the last five years I can remember adding some ITM at 6p per share.
I wasn't so risk adverse back then to buy 400,000 at that price but some were, it would have made you a millionaire today.
If I held 400,000 right now I think I would be selling at today's price if I could get 292p and call it a day, I'm not greedy.
And there lies the story. So many people are sitting on massive profits, me and probably quite a few of you too, and yes there are going to be some cutting and running hence we see what we saw at the end of the day today.
But somebody took them at 292p and that is reassuring just as a few weeks back many more were bought at 283p as the directors offloaded some. Both massive sales back up the SP in the 283p to 292p range.
I am comfortable holding for the foreseeable future, certainly the next five years, but will be reviewing things at 1500p if there is no dividend on the horizon by then , I'm not greedy.
That is another thing I am bearing in mind. My average buy price is 14p, I do dream of that day the dividend hit's 14p and I being paid back my initial investment year on year, and that is not an unrealistic thought.