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tp hit...
bought back modest 2100
a mixed bag update indeed
as ever, no clear statement around all important fcf
38.5 being hit a little too hard for comfort
tp 35p to buy back
and to support the position patience approach I see all the other stocks you mention have made good gains back as markets pick up, as should be the case here with PTRO, a decent rise from the 30's a few weeks ago a bit of consolidation before we generate a bit more intterest ahead of next news and clealry the current under valued nature of the company at it's current price of 40p,,with cenkos and Investors chronicle both suggesting value nearer 100p+ a bit of patience and stake building here on any dips should provide decent rewards in the next few weeks and months ahead :-)
Hi Archy, yup, position, patience is the key often as markets do their thing, PTRO rather than be affected negatively in any lockdown can keep operating at full speed, so we should benefit over coming weeks :-)
Thank you for the response surprised. It was good to see most things going back in the right direction on Friday, especially TPG.
Agree it’s the downwards markets which provide the greatest test of investor resolve. These are particularly scary times when you consider the scale of losses that were incurred in the 3 weeks from 21 feb to around 13th March - a period that saw my (then) brand new portfolio lose a whopping 33%. In those dark days I acted like a rabbit in the headlights and didn’t do anything to stop my loses until it was far too late.
Since then, I’ve clawed back to profitability but it’s been a challenge to maintain mental strength and not want to sell up every there’s a few consecutive bad days.. I agree now is the right time to hold ones nerve but with the volatility we’ve seen this year, it can be hard not to act on the emotions that red days bring. Think I’m getting better at it. Slowly.
Hi Archy, yoiu'll notice it is general market pull backs and not stock specific drops....it makes ahuge difference to how stocks will likely perform going forward...most folks pf's are seeing reductions across the board and with indexes being pulled down across all markets and all sectors anyone holding almost any stock will be staring at paper losses on recent purchases....the good news is the tide that goes out taking all stocks down equally lifts them when it changes and comes back in....the good companies and their potential and business has not changed simply an index move down that no one can control, so imo position patience let the market do it's thing and over coming sessions it all re balances plus some if we have positioned in the right companies.....re TPG I like it, not the current price, but the business and growth like others you mention, are clearly going to be somewhat higher over coming weeks...........PTRO suffered no reduction in it's business during lockdown as it sought to secure more contracts etc and the core business will continue, so no issues here and very much the same with the others. Sentiments and market moves are volatile currently, however, it all will provide for the same style moves into positive prices going forward imo. Importantly much as we like quick gains, typically I tend to hold shares over an average 4-6 months+ period that allows for this type of volatility, stocks and shares can be a 'scary' ride as it is not like a bank account, ie. 10% down one day 30% up three weeks later, it's not for the faint hearted and tests folks mind set fully on occasions.
Sadly PTRO is the only one of my "surprised" tips to still (just) be in the gree so don't think I'm going to be making any donations any time soon! Full portfolio is:
PTRO +3%
KMK (break even)
ALM -6%
CPX -10%
TPG -30% (!)
I gues it could be worse given the general market malaise but that TPG one sticks out as the worst perfomring share in my whole portfilio, and that's after holding for just a couple of weeks. Not sure whether to continue holding everything or to bail on any of them before a further lockdown potentially gets announced?
https://twitter.com/surprised_trade/status/1321713291182354432
:-)
Think you need to report the link as when I clicked on it the status said that "The page does not exist".
Still holding. However the sp retrace, with the lack of news flow and low volume is very frustrating. The risk of downside does not seem to be as bad as earlier in the year to whether this. However I am hoping that some news comes which together with the lack of free float would prompt a similar sp rise and at a similar pace as earlier in the year.
as per the website etc. PTRO not one to be slowed down during lockdown :-)
https://twitter.com/surprised_trade/status/1321562237174206465