The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"Quite simply
Averaging down, if your trade brings your average price down
Averaging up, if your trade takes your average price up
All pretty simple, did someone really contradict this?"
Yes....Prionace the "Grandmaster AIM trader". I tried till blue in the face to explain that I am currently holding a big gain but at one point (when it hit high 40's) I had been averaging down and was heavily underwater but I had obviously brought my average price paid down. I never purchased any further shares into the subsequent rise so I have only ever averaged down. He won't be told though.
Satan, you didn't buy at 9p hon. You only just arrived a few weeks ago. Still. Maybe you are bringing us luck.
In other news. That tweet seems to be working. Wondering how big that first contract is going to be?
Why do they need more staffs? Next month they will enter on delivering test kits massive scale so more job to do,See number and that company will come out with spectacular results on money return. Perfecting on expansion and they should have all resources they need to do the job.
Mr Tan. what makes you think that you needed to cash out at £1 to become (rich and) Obnoxious?
Guys, I keep reading some members expressing anxiety about the SP and their losses. Relax.
Just wanted to remind everyone SHARES ARE CONSIDERED RISK ASSETS. So by definition their value fluctuates. If you can't stand the heat .... For example. My niece is a hospital registrar and has close to £100k savings earning less than 1% annual return. When I talk to her about investing in the stock market she says she cannot stand the risk. End of.
Personnaly I think it is currently very dfficult to lose money in this morket if you are a long term investor and invest wisely.
GLA
stimulation, yeah that's why I'm here LOL
tecbadger.... "i dont mind admitting i was £1500 down on ODX after the Pfizer crash but i used the opportunity to average down and it paid off. The risk was worth it as they were still expanding the workforce and building capacity. I also believe the company is strongly underpinned outside of COVID testing. I still think there will be strong upside from here for the patient."
Totally agree Tecbadger ....I did the same thing. Careful when talking about "averaging down" mind as there are some folks on here would argue that you were actually "averaging up" in a falling SP. !!?? Beggars belief !! but yes I averaged down too and glad I did.
"Why does an entry price that is higher than the current price correlate to ramping on an LSE board?"
Because anyone in such a position NEEDS the SP to rise just to get their money back, and human nature being as it is, there will be a tendency either subliminal or deliberate to enhanced perceived positives and diminished perceived negatives.
I'd put money on it that your a day trader deramping all day long
Judging by the figures on this thread, it appears a lot were sucked in at various times by the usual ramp mongers and are now locked into ODX as a result, which of course was the point of the rampers, and some now have in turn become rampers as they need to SP to go up just to breakeven, and so the cycle continues.
Postings on this forum do not affect on the overall SP, but they can have an effect on those that inhabit here.
"i dont mind admitting i was £1500 down on ODX after the Pfizer crash but i used the opportunity to average down and it paid off. The risk was worth it as they were still expanding the workforce and building capacity. I also believe the company is strongly underpinned outside of COVID testing. I still think there will be strong upside from here for the patient."
Luckily I managed to get my initial tranche at a bargain price, which has meant that I've basically remained in profit despite averaging up to 48.6pps. But there have been a few days when the reduction in that paper profit have been painful!
I agree with you about the wider value of the ODX portfolio and the rewards for the patient investor.
NHS England published guidance last night which included an indication that the NHS would be providing LFTs to IS providers providing NHS services. As they'll follow the NHS testing routines, that another 170k plus LFTs per week that will need to come from somewhere...
I am still in profit as my avg 56p, but down £46k when the sp was £1.07
I'm currently -461 @ 89p but I am holding no matter what. Even if my whole 10k goes to zero, which of course will never happen.
i dont mind admitting i was £1500 down on ODX after the Pfizer crash but i used the opportunity to average down and it paid off. The risk was worth it as they were still expanding the workforce and building capacity. I also believe the company is strongly underpinned outside of COVID testing. I still think there will be strong upside from here for the patient.
Not a massive amount compared to others, but at one point I was over £1k down on these, balls of steel, you only lose if you sell :-)
Good tip mate been caught out a few times when they shake that tree between 8-10
& never use stop losses on AIM
& never use stop losses on AIM
Only way this can be done is massive buying pressure or none of the newbies being scared by derampers sprouting nonsense and having the balls to hold even when drops because day traders operate between 85-95 at present so we need to keep at £1