The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Thanks Velo, appreciated. The sharing of knowledge is everything as an investor. With a lot of skin in the game flippancy is not the order of the day! :)
Hi Stoodio,
Just time for a quick post before turning in for the night, and to say thank you for an illuminating and thoughtful response.
- Appreciated.
Lots of interesting observations in there. I commend it to others - I shall be returning to it myself when time, for further consideration.
.
Points that remain in mind:
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"I was chuckling at the £1.10"
"I have studied percentage movements after news"
"I wasn't phased by the £1.10 as it was ever so clear (to me anyway)"
"nothing short of the loosening up of some stops and order filling as I've seen on many occasions here"
"I was confident it would spring back as a certainty to test £1.20 in quick order"
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I found it brimming with considered confidence and decisive decision making, I like it.
It's clarified something that I was privately thinking but didn't reveal.
Sort of guessed it wasn't random-for-fun guesswork, but bona fide strategies to reach a conclusion. Very interesting, thanks :)
Velo! Evening squire.
You asked for honesty, and honesty I shall give. Having been here likely longer than most, I was chuckling at the £1.10. It's never nice to see sharp swings (either way, for me personally), but SLP has always had that ability as the shares are relatively tightly held. There really are not than many shares in issue, and while I don't study charts, I have studied percentage movements after news. As some already know, SLP does follow patterns from time to time. I wasn't phased by the £1.10 as it was ever so clear (to me anyway) that was nothing short of the loosening up of some stops and order filling as I've seen on many occasions here :) And the large buys did indeed come in, manipulation? Very likely, but don't care too much! Value will always out itself :)
With the results this week, I knew I was running a tight ship way back in January when I think I first mentioned £1.25 February 28th (only saw that was a Sunday a couple of weeks after the prediction). The results were very much in line with my own expectations, and once the news settled and the we had the pull back to £1.10 (which I saw coming without charts, just in line with good news percentage pull backs) I was confident it would spring back as a certainty to test £1.20 in quick order. Did I question my £1.25 judgement? Perhaps a tad, I blinked. But I'm a confident son-of-a-gun so held firm in my head. I could validate this to you via some what's app conversations I had this week about the £1.25, but we're all grown ups here so there's no need for that :)
I must say I also enjoyed and took further confidence from your own post regarding 'staying the course' Velo, as I know what you were looking at was also validating the £1.25 - I could sense it in your tone :)
So how confident? 90%.
As an FYI, I concur with your £1.27 was thinking just the same, it might also go wild and test £1.32 :)
All on course IMO for that 125 tomorrow. In fact could the SP go further and might 127 show its face tomorrow? :)
-
Mid-day yesterday (Wed) It didn't seem possible that in 2 and half days time the whole train set could be put back on track to come in "on budget" :)
But barring an accident it looks a done deal tonight. Have a question for Stoodio.
Utter honesty is required or we learn nothing from others experiences.
Stoodio: After seeing circa 110 intraday and finally Wednesday's close circa 114 - did you truly believe that the whole show could be turned around in 2 and a half days? (7% increase today alone).
- Or were you preparing for a worse case scenario of accepting a lower close to the month end than previously thought?
I ask, because the strategy I was employing was indicating to stay the course - the end of the month, if probabilities function, will most likely align with Stoodio's 125. But human emotions always, always, get in the way. Both Stoodio and I and others have oodles of leeway in so much as profit created from holding SLP
- but when we find ourselves either as newly invested or faced with the prospect of perhaps receeding below our initial stake money, such a day can cause us to weaken our pre-planned resolve and let immediate emotion make the decisions for us.
So, which is it Stoodio; were you unrepentantly confident, or did dropping to 110/114 dent confidence - until tonight's close? :)
(Don't think personally, I felt gung-ho confident when I posted of stick to your guns - can do it all in 2 and a half day's - as I certainly do after tonight's close :)