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Trek baloney, you don't even have the intelligence to see how ridiculous a statement like '...The stop was set here after the buy when the SP had gone up. To cover my position. Pretty obvious really!...' actually is. There is no such thing as a stop in this context, as everyone but you seems to know. But then, you say capitol, everyone else says capital. Lol.
Trek Baloney, don't misunderstand me, I'm not bashing you, I have no opinion on your 'wins' or 'losses', I'm outing you as a fantasist, a liar.
Don’t get the obsession GG. Obviuosly you are rattled by my performance on DEC! Pssd on your chips there too many times! Lol!
The stop was set here after the buy when the SP had gone up. To cover my position. Pretty obvious really!
I have been fortunate trading this as it was a ‘forced trade’ brought about by the xd, broker downgrades, Fed hawkishness and the ME conflict. All at once!. An axiomatic trading opportunity when you rationalise it, so nothing clever really.
Some investors act on that data and others stick it out which is fine. I just happen to be an active investor..
At times of high volatility I do hold some and trade some like at DEC which has obviously upset you. I did well here when Liz Trust had her budget and I posted my views to hopefully help folk consider selling and buying back cheaper. Which I did throwing off loads of cash over those few days.
Occasionally you get a winner like this. Makes up for the duffers and PHNX has been good to me just like DEC and HE1 has of late.
Now I am back in here as of Friday for hopefully another leg up next week and I may add to my position if I have any change after adding to MNG and HEX.
I won’t be jumping in here though as sub 450 is as likely as 500p on the chart. So I will average in and may again sell some spikes and recycle to try and get a good base to hold from so as to maximise the yield ahead of September.
Whilst this has more yield (50/50) MNG is still a play (2/3 1/3 divi) as it should have more capitol (lol) gain.
But then for you it’s easy just bashing from the sidelines with all your hindsight and not making any advance calls. And you note how I call what I execute in advance!
And as I say I only trade a stock or trade and hold a stock that I intend to hold. That takes the pressure off!
Oh by the way you missed out trailing orders from below.
Hope they are paying you overtime for the weekend mate or is it just your troll infatuation!
Buy some HEX with your overtime!
Now kindly let’s leave this BB alone!
Usual caveats
Trek
Here you go, Trek Baloney, a simple explainer for you. Might help in your future BS posts.
Limit Order:
A limit order is an instruction to buy or sell a security (such as shares) at a specific price or better.
When you place a limit order, it will only execute if the market price reaches the pre-defined level.
If the price does not reach the specified level, the order remains pending and will not be filled1.
Types of Limit Orders:
Buy Limit Order: This order allows you to buy a share at a price set by you. It triggers when the offer price drops to or below your specified price.
Sell Limit Order: With this order, you can sell an existing shareholding at a price set by you. It triggers when the bid price rises to or above your specified price2.
Stop Loss Order:
A stop loss order is another type of order used to manage risk.
When you set a stop loss order, it triggers a sale of your existing shares if the bid price falls to or below a specific price (the stop price) that you’ve chosen.
This helps protect your investment by minimizing losses in case the share price declines after you’ve purchased it2
'...GG the stop was set higher than the average buy. Doh...'
You see, Trek Baloney, there is no such thing as a 'stop' order to set a share sale at a pre-determined higher price. Not in ii, not in HL, not in any UK retail investment brokerage. Stop orders are designed to kick in to limit losses. Now, you could place a 'limit' order to lock in a profit on sale if a share hits a certain price. Which you'd know, if you actually traded shares. It's a way for people to protect their capitAl.
Next stops will be set on Monday as looks like may have another relief rally following ME. Well let’s hope so!
Trek
GG the stop was set higher than the average buy. Doh. They actually went up 8-10p that day from memory. My stop was set higher than my average. It’s no wonder you don’t make any money!
And they have gone back in again and the stop is set higher than my average again. Stops work well where there is a tight spread and liquidity. So do buy orders.
Got any HEX yet… I am trying to help you if you get past your ‘acidity’. Folk spend ages looking for an opportunity like that.
Good luck and apologies to the PHNX BB.
Usual caveats
Trek
Trek Baloney, I guess you were too busy today to answer this, so I'll just post it here for you, you know, for when you can spare the time to share your genius :
'...I bought PHNX, just a few a 479 average and posted a stop. ..'
'...when I looked all my PHNX shares had been sold and I nearly made £400!..'
Trek Baloney, you truly are an investing genius ! You hit your stop loss, the shares got sold, and yet you still made money ? C'mon, share your secret. How'd you do it ?
Just back home and can’t believe PHNX finished up! Even had a buy at under 476 filled today and obviously the ones above went through.
Let’s hope it’s a recovery now from the divi blues and the broker recs with a steady return to +500p.
Trust me I much prefer to just hold!
Don’t think this has been posted here. I don’t subscribe to the views but the finance breakdown chart is quite good.
https://finance.yahoo.com/news/phoenix-group-holdings-plcs-dividend-110748276.html
Usual caveats
Trek
'...It’s served me ok on DEC has it not GG? Perhaps folk should have a peak at your posting history and see how you spend most of you life in a boiler room bashing one stock...'
That's right, Trek Baloney, I've been calling DEC a fraud for over a year, in that time it's share price had more than halved and the dividend has been cut by 66%.
I wish Tek Baloney would look up the difference between capitol and capital. For such a free market wheeler-dealer, you'd think he'd get that right instinctively. Oh well. Sloppy is as sloppy does.
Couldn't resist. Bought a few @475.46. Hope that this is the bottom or near to the bottom. Now, will sit back and enjoy the generous dividend. Will top up if it falls lower.
So, good luck everyone.
Morning Deepjoy
In an ideal scenario maybe but like to tax my brain and yes sometimes would be nice to just let them do there thing and take the Divi and sometimes I do if I miss the boat, always get miffed to fck when they fall way below due to the shte situations that are going on in the world and the only thing I know is to use it to an advantage if the fundamentals are solid,, nothing is certain and to date have done well to follow my instincts , have increased my pot far more than just waiting for the dividends so maybe ive just been lucky
Ive got quite a few of these now so waiting for under 470s, if that happens or not im not fussed as LnG to go Ex then will start piling back into them, also re instated back into mng- meanwhile Iran and Israel are still sizeing eachother up so maybe more downside to come , looks like Israel are pssing close to Iran nuke site as a warning meanwhile Putin is rubbing his Billocks as the world attention moves away from Ukraine
Had some buys as well this morning. Looks like Iran are sat on their hands according to sky news.
Feel a bit like nick though! But I downside v upside v macro means time to average back in. I use time as well as price.
GLA
Usual caveats
Trek
RBC raises price target to 615p from 600p.
Been adding over the last few days.
Final tranche this morning & very much overweight.
Maybe just let the divis do it for you twice a year Nick and take the stress out of it. Wish it was four times a year thou for the same amount, make life easier for sure.
Used to buy a 1000 shares each time they drop in stages of 10p, now I wait till they drop 20p, this in these troubled times now seems to be the norm
Deepjoy,
Agree - apologies. I shouldn’t rise to it.
Trek
I have held PHOENIX for more years than I care to think about and based purely on cost is my second largest UK holding. The current analyst "consensus" target share price is 600p. The last time PHOENIX hit the analyst target, 784p, was 24 November 2020. It has been a pretty steady and sustained decline since then. Book value per share was £8.92 Dec 2020, down to £2.99 Dec 2023. 5.25% interest rates are not an abnormality, it was the years of 0.25% that were abnormal and unsustainable.
Holding for that dazzling dividend can prove to be an expensive occupation.
AceOfClubs
Trek, I have previously said 'each to their own' about you which I stand by, however, this board is about PHNX the company and not about trading strategies all the time. If I wanted to read that I'd simple go to the AIM rubbish stocks and read that style of posts. It is a shame you feel the desire to justify everything you do or do not so.
Phnx as a company has been around a very long time with a good pedigree, decent free cash flow and a great yield. I am down short term but remain relaxed as I know it is just a matter of holding for a few years and watching the power of compounding give me (hopefully) a very decent return. There is another way of protecting capital and that is investing in great companies or funds and riding the waves, all about timescales. Your way is your way, but others do things differently what matters is the health and potential of the company, which, in my view remains sound as my pound. GLA
Hi Abjectperformer,
I view PHNX as a solid long term hold. I was spooked by the ME and gathered the SP may drop due to political uncertainties and inflation proving sticky.
I fully intend to use this opportunity to build back up my position in the stock hopefully ahead of the next run up for the Sept divi. I had a significant part of my pension invested so have to be cautious when balancing income and protecting one’s capital.
I am a buyer below 480 but I often trade a few where I think there is an opportunity even if my long term view is hold. I don’t get them all right but do my best.
GG you were right with ‘few’ to a ‘load’ but I made other trades and don’t post everything. I actually went to 100% out, rare for me, and got stopped out yesterday on the ones I bought. Made a tad under £400 but that wasn’t the point. The point was to not loose money hence I used a stop. I have buys set again for today. Not to many as I want to see what the weekend brings.
I hope that The West are putting huge pressure on Israel for peace and not to react.
I use funds between dividends to pick up what I view as hot stocks. Or use divi income to invest in stocks which I think will do well but I then usually sell them. I bought SHG at 9p, sold them at around 13.5p from memory. I didn’t wait for the final offer as I saw another opportunity in PAF at 17p which I still hold. I also bought ECOR at 76p. Have sold the last there at 86p even though I think they will go to 100p.
Sold ECOR to buy HEX which I am down on atm. But I have only put in a third of my position. HEX is a rare opportunity and I have a trading calendar so I know the cost pivots and fully expect to get a free carry there which will enable me to take my stake out and reinvest for income.
TRR looks a solid play, look at the director buys. It hasn’t moved yet though as needs the next set of results. I hope slice some on news.
There are many ways to make a living out of this. I have been doing so now for 7 years self funded from a relatively small pot having been extremely lucky during Covid with serval multibaggers which afforded me the opportunity to build an income fund.
But I have to protect the capitol. Like I say…
Rule 1 of investing, protect your capitol.
Rule 2 see rule 1.
It’s served me ok on DEC has it not GG? Perhaps folk should have a peak at your posting history and see how you spend most of you life in a boiler room bashing one stock. I am glad I have given you something else to think about. Perhaps you can use your skills to help others.
HEX is a free tip for you. Pretty much guarantee you will make 100% by the end of the year. Many folk don’t trade and I get that. It’s one that you can buy and hold and sell at least some before the drill. But if you are hold you have to be prepared to stomach 8p or 15p. Then take profits before the drill.
GL
Usual caveats
Trek
Strange investing strategy, too, from Trek Baloney, selling an 11% yielding share for an unproven newcomer with zero dividend, and zero dividend potential for the foreseeable future. I guess he's relying on his much vaunted luck to come good for him. Looks to be on a loser at the moment though.
I have found treks posts helpful.
However a few weeks ago he was advocating to buy and hold long term, but now I read posts where he is actively trading and transferring funds away from here.
That is disappointing to read.
'...“ I sold some yesterday. Only because I found TRR and needed some funds to build a position there. Still got majority in here though.‘...'
'...But also took a load out at around 5:56 To buy TRR as posted before...'
Trek Baloney, you can't even get your story straight in the same post. Did you sell 'some' or did you sell 'a load' ? Yeah, it's fascinating, reading your BS over time, lol.