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Snap, I'm a landlord, Richpassi,....started the business 2001,....the stock market is my hobby,....believe in having a spread of investments myself, holding thirteen different shareholdings in the portfolio at present, same with the house portfolio (double figures), also claw back covenant on 6 acres of land,....but I certainly would not want it all in Fiat Currency, & I do not appreciate derampers (shorters), talking my shares down either.
BW
I started averaging up on LOGP at around the same level and after my third purchase sensed something was wrong.
I got out at about 8p and out of PVR at about 80p.
I did that without advice from a self-declared shorter who has admitted to enjoying seeing you and me losing money here.
If you had taken his advice on JOG, you would have missed out on a rise of nearly 225 percent.
In the last few years, LOGP shares have risen from 0.53p to about 3p, a rise of about 500 percent, and from 0.2p to 2.75p, a rise of about 1,275 percent.
TheShen was doubtless predicting further falls at the bottom both times.
There are plenty of know-alls on LSE who get a kick out of predicting that a downtrend will continue and think it makes them look clever.
Here are two very recent examples:
One of them predicted that PMO would fall to 5p, but instead it went to 30p.
Another predicted 95p for TUI, but instead it has gone to 450p.
There is nothing clever about TheShen's predictions.
He has been making money from a falling market and deriving Schadenfreude from others' misfortune, but when the bull market arrives, as day follows night, he won't be able to do either any more.
Some years ago when logp was at about 10p to 3p I was chasing the share down and putting more and more into it to lower my average ignoring all he was saying , the money was coming in monthly from a house I was renting out and didn't need it so treated logp like a fruit machine after possibly 3 years I had next to nothing to show from the rental :(
Woke up listened to him and thought I'd give it a knock on the head ............now nearly approaching 40k in the bank from rental ;)
All that's in now are the shares I bought, I can't see pvr/logp beating my cash in the bank , although as I say WE dream it will
Two of TheShen's posts - in which he called other members idiots and clowns - have been removed.
He called me a charlatan and more or less called SpotOn charlatans too.
He urged investors to sell shares in JOG when it was 77p, predicting further falls.
It was in fact the bottom and is now about 230p.
How has he saved them money?
He has admitted that he has been shorting LOGP, which does not exactly make him a disinterested party, just giving people advice in order to save them money.
He has also said that he enjoys seeing people lose money investing in LOGP, which implies that he enjoys seeing people lose money on PVR.
You credit him with saving you money.
The truth is that he actually wants you to lose it.
The reason for there being a reason for The Shen to be allowed to post his thoughts on this forum is for ......Balance . The Shen if as suspected is Bones698,has been totally more right about pvr/logo than any of Us Dreamers . Everyone ****s him off on days when the price goes up but on possession of the Ball he wins hands down !
I for one believe that if he makes a new investor think twice before they throw money into a share, then he does a good job . Saved me a fortune ;)
The Shen no more thank God knock knock knocked keep the faith lads
I don't know whether they have been permanently removed, but TheShen's last two posts no longer appear.
Could that have something to do with the fact that in both posts he called other members idiots and clowns?
Is it just a coincidence that in one of them he said that buying these shares is a way of losing all your money?
What actually is the point of his being allowed to remain a member of this forum?
Why is he permitted to devote all his time here to ridiculing and rubbishing companies with interests in the Barryroe project and anyone who dares to invest in them?