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in any event i think you got in at a steal at 156, more i look at the fundamentals & history of this share, it looks like a goldmine waiting to bear fruit!
fair enough, just the original post confused me a bit. I guess some people have accounts for LTH & separate ones for day trades. each to their own i guess!
That's right syrup I don't usually do this but I just thought I would put a limit price in for for 151 for the 10000 i had bought earlier in the day never really thinking they would get there but when I looked at 4.30 they had been sold, it does not bother me because it is a profit on the trade and the way the markets are today sometimes it is wise to take a profit.
Anyway good luck for next week.
Just 2 different but valid ways of accounting for multiple buys of the same share. Either combine the lot into one big pot with an average price, or treat each purchase individually. Not rocket science, just down to personal choice.
quite right Syrup glad someone can understand.
You just can't seem to grasp It paddy I have not sold them all I still have got the original 20000 I have only sold the 10000 that I bought yesterday, I could have 10000 in a different stock and made 6p a share when I sold them, but I bought the same stock i could have held them and like you said averaged down to 153, but i decided to sell the 10000 which I bought for a profit, if you had sold the IAG shares which you had bought at 167 at 215 you would have made a profit on them and then sold the remaining IAG when they got above what you bought them for.
Example if these rise on Monday to say 160 then I still have the 20000 shares which I bought at 156 which I could sell and make a profit of £800 but I would lose on those 10000 shares which I sold at 151 but if they go down on Monday to say 145 again then I could buy the 10000 back and keep the 530 pounds profit.
You only lost out on IAG because you sold the lot i have not sold all mine.
Paddy, you're talking about 2 separate share purchases combined to one amount and averaged out to one value, whilst noggers considers his 2 purchases as separate (may well be in 2 separate accounts). So 2 pots of shares, one of which had 10000 bought at 145 and sold at 151, hence a profit on that pot.
as an example i bought some IAG shares at 230. I also bought some IAG shares at 167. I sold them all last week for 215. I only just about broke even/small gain. Averaging down this is called. I didn't make a profit on the 167 ones as i got stung by the 230 purchase earlier!
if they rise on Monday you will have lost as you sold 10000 shares out of 30000 each averaged out on price at 1.52 for 1.51 and you won't be able to buy them back!
You don't seem to get it paddy I sold the 10000 that I had bought at 145 for 151 profit 530 pounds on that trade, I still hold the 20000 that I had bought at 156 on Thursday so until I sell those I have lost nothing on them, if these drop on Monday to 145 I can buy the 10000 back and i will have banked £530 if they rise on Monday I still have the 20000 that I bought on the Thursday.
If I had decided on Friday not to have bought any more I would still hold the original 20000 that I had bought on Thursday at 156 but I would not have an extra £530 in my pot now, now if this is all above your head maybe you should not be dealing in shares.
yes, so you held 30000 shares at an average price (1.52) higher than your selling price of 151!
If you read it right i bought 10000 at 145 and sold at 151 the 20000 was bought the day before at 156 which I still have.
if you bought shares at 156 then sold at 151, you made a loss!
Not my usual sector but FWIW I similarly picked up a chunk at 155 around Thursday. Would appear to be a straightforward buy and hold boring good sort of play. Provides a fundamental service. Unspectacular but solid. GLA
Bought into this share on Thursday 20000 at 156, bought another 10000 at 145 yesterday, but i put a sell price in at 151 for the 10000 i had bought early on which they sold just before the close, made above £500 on them, but it could have been a mistake, if they drop Monday i will buy them back again.
I think this could be quite a good buy long term.
GL to all and have a good weekend.