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I find it slightly odd ST hasn’t caught up with SLP in his IC writings. It normally opens the door for a further lift up as exposed the ridiculousness of this undervalued share. It’s been nearly a year or so since he did an update. Come on lad pull your finger out :)
The current trend lines say yes to all you what say in your post, Stoodio.
No clouds in the sky to stop the SP.
However, not much room overhead, left in the Relative Strength before the SP hits that overbought area again, but then again, hot stocks are rule breakers.
Following the trend is always the best option IMO and the trend is up and continuance.
Follow the trend . . . follow the trend . . . yellow brick roads and all . . . and see where it takes us.
Velo, thanks for the words.
All points taken, but what’s your view on the state of play should we got my target of revisiting the 63p end of August and just pre Covid levels? My Is that certain gaps have beeN filled steadily since then and we’ve been and are looking like we are consolidating around the 50p mark. In line with final results and possible divi and a steady (4week) rise back to 63p, do you not feel we’d be likely to steam on past and reach further highs still?
Morning Stoodio and sorry to hear that. Sounds like you are close to your cousin. Haven't seen any of mine for decades as they all live far away, so I'm somewhat emotionally detached from them. I can hardly think of a more cruel turn of fate than that of visiting a doctor for a minor ailment only to be told your illness is terminal, and they give you 'x' amount of months left to live.
Nothing you can do, nothing you can say (except helpful practical matters) other than follow the solace of age old religious advice as you are doing, and that is: to take it one day at a time.
Then each new day becomes another bonus.
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63p?
Eminently practical and makes me feel a little better with what I'm about to say.
I've averaged down from 57 to 49.1p with plans to lower further that involve a high risk sell-out at higher profit to come (if fortunate) and re-buy at the end of the year, for what I project may/ may not be, lower or hopefully worse case scenario, no lower than I am currently. And thus control allocation of funds.
First off, apologies to all for posting of "very big expectations" When you see what I'm proposing you'll wonder why I thought it was even a big expectation. I have a thing that is a seasonal charty thing. Rarely use it, because it always lets me down when I use it - But note it, don't act on it, and results are not half bad.
- It must know when you're looking at it :)
It's based on the average performance of each month of the year, and it's showing August as the expected highest % gain in the SP of any of the 12 months over the last 5 years average. Only thing is, since I last looked it's reduced a bit, it's an algo so maybe it's calculated zero for Aug 1st and Aug 2nd? Perhaps that the flaw in historic mixed results?
Whatever it's also averaging Sept to December to be distinctly flat and uneventful. But Jan and Feb to further increase noticeably , but not like August is outlined.
Previously I was expecting bang on 60p, but as of now, it's coming out at 56p (look it was late last night and I was v tired :) :)
Should the SP reach 56p before the final week of August I may well act and sell (With part 3 of the strategy of looking for a decent return buy-in, which I can delay until the few days after Xmas, before New Year, as Jan and Feb are down for the next spurt in the SP). Otherwise will follow my fav No:1 trend lines.
So, I'm going (LOL) for 56p by close of August. It's not a case of will I be right? - but based on past performance of this little seasonal metric - how far, and by how much, will I be way out of line ??? :)
Be kind to me. And if you must throw rotten fruit after the outcome is known, remember you can't jump the gun and throw it until Sept 1st. :)
PS. True balance sheet metric longer term valuation of the SP is of course much, much, higher, longer term.
Thanks Tony, I'm from Jersey, Channel Islands (live in Middle East currently) they've told him it's too advanced. go home, be with family and enjoy the rest of your time if at all possible. It's infiltrated every major organ and isn't something I'm going to start touting to him under the circumstances. It is what it is. Which is BS. I'll read up on that device though. All the best.
Hopefully we all do well here.
To Stoodio
Regarding the situation for your cousin, you may want to consider looking at Creo Medical speedboat device. Microwave technology as opposed to radiotherapy, chemotherapy etc. Not sure of the latest on that device, and how relevant it would be, however if there is a clinical trial going, what is there to lose and the very least it would remove a lot of pain if and when that situation arises. Best wishes to your family under the circumstances. Tony
Morning Velo, hope you're keeping well buddy.
I concur with August, and I'll hit you with it, I'm simply expecting us to revisit the Feb/March High pre lockdown of 63p by the end of August.
Let's see. I'm an open book so any and all thoughts openly welcomed. Thought for the day; My cousin has just been told he has 2 months to live as went to A&E with what he thought was food poisoning and was told he's riddled with cancer and nothing they can do. Moments like these i don't give a flat f**k what happens here. Lose the lot, I'm happy. Make some money, also happy.
Basically, enjoy your coffee and try to enjoy something about you day today. And you're doing OK.
The Sp should be around 80- 100p! Lets see what Simon Thompson investors chronicle has to say!
Phew! A long day for me. A cuppa then turning in. At long last my holding closed in blue. And what a huge profit a small movement in the price makes. Love it :)
Oska and Craig, yep I concur.
Should be a cracking bull run starting tomorrow onwards.
Got big expectations for August. Very big. Tired now. Will post tomorrow.
I have a SP figure in mind for the end of August. Any views? Tomorrow then :)
Another assault on 50 fingers crossed