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#888 Is moving as per my TA idea and is now 8p up from when I dropped my chart ideas on the th of Feb https://x.com/SwazersC/status/1754467344884072917?s=20 GL to all investors. https://www.tradingview.com/x/1yuc5u29/ https://www.tradingview.com/x/Nzb3RvVM/
Lile is corrrect, an easy way to track where you are with a share. Add / trim over time and shares end up free and then become a core holding to add to, virtually derisked.
Again, this week if we can get to the weekend over 95p......it puts us in a good position going into next week on the back of another 5% + rise in SP.
Would be more than happy if we keep ticking along at that rate until a buyer starts sniffing around again.
I've always taken the view that you have no profit or loss until it is crystalised, and once it is, that trade is over. If you happen to take out a new position in the same share, the whole process starts again. Using your previous figures to calculate an average might make you feel better, but doesn't really reflect your current position.
I wonder how people who do it that way account for negative averages.
Lile - thank you for explaining.
If you buy 10 shares at £1, the price then increases to £1.5, and you sell 5 shares, your "true" average could be said to be lower, because for the remaining 5 shares you hold the cost to you is now only £2.50, so 50p a share.
I don't personally count my averages like that, but I have seen and heard it done.
You won't be able to!
Lile - maybe I am being really stupid here, so correct me if I am......but if the lowest the share price has been is 51p over the last 12 months.,....then it doesn't matter how high you sell your shares at....your average cannot be below 51p?
Or am i missing something......the lowest average you can have is between the lowest value you have bought for ( i.e 51p and another number - depending on what you have sold at?)
Averaging down by unloading high, buying low - you will achieve an average that is lower than the share price if you can time the swings correctly.
51 was the lowest.
Are you on the right board, never been that low to get such an average
Hi Marybr,
Was this share ever at 23.14p?
How did you achieve that average?
The lowest I've ever seen it was in 2011 at 28p.
My 2023 results could really use a £3 bid on my 80p average...
I can dream 😭
My foray into this 12 months ago at almost a 4 bagger (23.14p avge). Wish I have loaded up more here than many other turkeys like BT.A but philosophy of paper losses are transcient works well in the grand scheme.
Everyone wants 888 but the board say @156p undervalued so stomp up an agreed £3+ bid and end the dance of the 7 veils.
Troisi - is this you starting the rumour for us?lol
Takeover by Entain.
I agree. 1 well placed article at its 120p
Would like a few takeover rumours circulating in the press
Expecting the £1 party again any day soon.
Any successful bid will have to be at a minimum of £2.50
Draftkings and all the rest will not get hold of William Hill, the most famous name in gambling, for less than £1 Billion
Now at 0.49%
Acadian short has been reported as closed, or less than 0.5%