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Indeed CooperD
I'd rather reduce in good time than out of time.
I'd like to be reduced today but when opps presented themselves early doors I succumbed to temptation to buy back.
If I keep that up I'll be (back) in when that Mother hits so may need to visit SBBA - share buy back anonymous lol
Twix,
it's election year...and by hook or by crook they keep the market going till they cant. I think we will be quite safe from here till winter months in terms of a crash but I agree the mother of all crashed is on the cards in the near future.
Florida,
yes, I agree. Either he knows something making him an insider. Not saying that's the case. or as he has stated plenty of times he plans to sell some to reduce his holding. At the end of the day £100k is nothing in the grand scheme of things. We are talking abut millions being off loaded over a period of weeks. There is over 600 mill if circulation and £100k's worth being bought or sold makes little difference. What we have seen is sustained selling when the buys come in.
If anyone knows where the price is going then they can only do so by holding an amount of stock large enough to control the price action and actively using that holding to influence the price.
Regardless, we will move once the buying is stronger than the selling.
I think I'm in a unique position to settle this discussion.
Florida's view is perfectly feasible however in this instance I wanted to reduce (and still do) ad I am overweight and no longer happy to hold so many in these turbulent times. I have said elsewhere that imv the markets will crash again. I sold down. Then the price fell and I was persuaded to buy back. This happened a couple of times until now I am back fully invested just prior to ce. I aim to sell within a month to revert to reduced position which remains my target. Trading meanwhile was a bonus. I still want to end up with a reduced position by end summer and sooner - 1 month ideally
For Christ sake Cooper, he's moving a £100,000 each time. He's certainly not taking a chance on if's or buts. He has to have a reasonable idea that the price will always revert back to it's original lock in point.