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Thank you Icarus,
your comments , are welcome, part advisory, part condescending but very polite. as you were some weeks ago
I cannot easily find the thread on which i first posted on this subject, but from memory I stated that my buys at 2.80 and at 2.40 ,average 2.60 were made as the market plunged from a 3 euro to 5 euro stage to below 3.As I said then ,I had no idea that the virus was likely to be so serious. You may not have read that comment .but to criticise me for doing then what i had already said may have been foolhardy is pointless. i am not or have not said it was a good move ,whether or not all the professionals were shorting.
When you asked me about what stop losses i was using , I replied that both you and I were sure that this share would return to over 2 euro, such stop losses were not needed
you mentioned that i might build up a pot of 20 k, but "that it will be pure luck" I think not I am only buying below the value that you and I both think its fair value is. My purchases above 2 euro will be fewer
and that i will give it all back... no way .. my shares ,bought at 2.0 2.4 and 2.8 could all have been sold in the last two weeks and bought back at a lesser price, leaving me cash in bank and shares at a lower price . i did not choose this route as it would have been a gamble, which i dont do. All of my purchases are based on our joint belief that these shares are worth over 2 euro.
regarding screen shots of my trades, whats that about.
I do enjoy your texts, made with politeness, and hope you read mine the same way
Regards
Fatboyslims,
I would very humbly suggest you read up on probability and also read -Fooled By Randomness- Nassim Taleb.
You bought Brig @2.60,no trader would buy it there,most traders were shorting it big time,it was falling like a knife,if you look at a daily chart from Jan2020 you bought around the 11th March,if there was a month of lateral movement on the daily that would be a reasonable trade as is any purchase at the bottom of the current trading range 207-129.You are currently short term trading at the top of the current range without stops. You might build a pot of 20k as you are doing,but it will be pure luck and you will give it all back in due course.Posting trades without stops holds little value to traders,only real time screen shots of your trades and reasons for and risk management.Risk reward/probability and context are what matters.
I wish all the best.
No need to be rude..let's be kind please..
Nobody cares!!!
error earlier
Next morning WOW, up to 2.04
I sold 3000, bought @ 1.80,1.81 and 1.83 , sold @ 2.02 profit 240,230 and 210 (gross) then sat pleased as I saw them falling, providing more buying opportunities.
sold @2.02 , gaining ,220,210 and 190 less costs
Got degiro sorted, strange turn of events there,had to do an exam twice,rang in ,got immediate answewr, back ok now.
Bought 1,000 @ 1.863
GLA
Who is this guy???????
Who is this guy???????
Hello Folks
have not posted since 24.7
my lowest hanging fruit, bought@1.76 was sold on28.7 for 1.87, grossing me 112,net about 96
I set a sell price of 1.88 for those bought @1.78 , did not pay attention that day and it only reached 1.87.Had i been on the ball and taken the 90 euro,but que sera
On 31.7.20 the price fell,so I bought three tranches @1.77,1.76 and 1.75
On 3.8.20 I sold all these @1.84 netting me 170 (240less costs)
4.8.20 I sold those I bought @ 1.78 for 1.84, netting me 38 euro ish, little did I know that they would be worth 200 euro more the next morning, but....
i thought that evening of presetting sell orders for those I still had, having bought @100 euro gross profit/ten cent gain but luckily I did not
Next morning WOW, up to 2.04
I sold 3000, bought @ 1.80,1.81 and 1.83 , sold @ 2.02 profit 240,230 and 210 (gross) then sat pleased as I saw them falling, providing more buying opportunities.
I still have ones to sell, bought in @ 2.0,2.09, 2.40 and 2.60
Today ,when the price fell back to 1.85 and I tried to buy I find that Degiro have deemed it necessary that I pass an exam to continue, passed it but am still in Limbo.
Passed it, but no change in status yet.
Good luck all
hope this roller coaster continues
Right,after my greed for 5euro prevented me from pocketing 135 gross,112net.
The price fell, Wed I bought 1,000@1.83
Thurs. Ditto@1.81
Today. Ditto@1.78
Ditto@1.76
Let's see how it goes
GLA
The European settlement of grants and loans is only part of the equation - somebody said that value is hard to find in the current stock market.
Why wouldn't be - with so few opportunities for genuine investment - what we finish up with is a shrinking economy and poorer wages that will act like a slow puncture when it comes to growing the economy.
We've spent too long under the guidance of the bean counters as they chopped lumps out of industries whilst extolling the virtues of cheaper and cheaper labour wherever it could be found which has resulted in investments being in products that compete with existing products and brands and fierce and cut throat competition which in turn impacts quality and choice.
The rag trade would be a very good example of this, manufacturing has migrated to a number of "Cooly Economy's" where competing "BRANDS" are manufactured in the same factory, as are many televisions in Turkey.
Over the last forty years we have been forced down this route by our one-time "Masters of The Universe" as they played for higher and higher stakes in what seems to me to have been little short of a game like Roulette.
Shopping Centres and University's have been built or enlarged on a foundation of ever increasing debt, what is left of the useful economy is expected to provide the jobs that will repay ALL this debt and in turn produce a profit for the banks.
Whilst there are opportunity's for worthwhile investment our "money men" do not very good at discovering them - probably because they want a high percentage return over too short a period. This was fine whilst they were plundering existing economy's and pension funds and exporting lots of jobs to China and anywhere that they could find cheap labour to produce goods that were sold at very good margins through all the wonderful shopping centres that were built - UNTIL Phillip Green and the like eroded those margins and the race to the bottom started.
I have been banging on about change for years - it has never been more wanted - what have the UK done about it NOTHING, preferring to opt for Brexit now that greatness has been re-discovered.
This has been reduced again to the status of a penny share which I do not see altering over the next couple of years.
Good luck all and to our friend playing "Shove Halfpenny" - just like the City with our money....and then charging us for looking after it.
Did go ahead and sold those I bought at 1.78for 1.92. Gained 140gross, 118net.
Tried to flog those costing 1.80.when the price was at 1.935.but my greed in asking 1.94.meant no sale.
2.60 is enough for me, I've no faith in the stock long term
You're at nothing
Good News on the European Agreement but I still fear we have not seen the worst for BOI - I think only merger talks will take the SP over 2euro anytime soon
correction, gain 130. Since they sold they have risen in value by 45 euro, but.....thats the buyers luck
It appears the European Agreement at 4 a.m. is the driver here. So I will hold onto my tranche s,bought@1.78 and 1.80
GLA
Just sold 1,000 shares,bought@1.77 for 1.9. Curiously enough, that price at which I sold has not even shown on this site.
gain 120 less approx 21 euro costs
According to my data sheets I can see this share reaching 2 euro at some point, this I base on the daily highs etc I record each day, at this moment I am not so sure of the 2.60 mark.....another covid -19 strike and we could be south of 1.35 or lower. There we demand for this share today evidenced by the sell price and buying price moving closer together at certain times in the afternoon namely around 1400hrs. Having said that I do not have the time to sit watching these all day, I have better things to be doing, just watching and trading when there is a profit to be made.
Nice to hear of your gain, London 747. Jumping in and out anywhere below 2euro seems to be a good idea.I still have 2.0,2.6euro to be rescued, but I dont fear for them
Well done fatboyslim, you have made a turn and that is great. You got excellent selling prices at 1.85 euro.....you jumped off when the big rickety wheel was at top dead centre for today......!
Bought 6678 here in BIRG on 9th July 2020 at 1.7253euro sold today 15th July 2020 at 1.855 euro...profit after fees etc £481.88 sterling on my third deal since returning to the market. I think tomorrow could see another interesting day.....lets watch tomorrow all eyes peeled.
Trade them don't trust them.....! my motto with the current state of BIRG
Right chaps/ladies
Mon and tues were uneventful, but I bought 800@
1.69
Today things livened up,
Sold the 1.69,@1.81. Gain after costs 76euro
Sold (2.000) bought @1.723 .sold @1.823 gain after costs 160
Sold (1,000) bought @ 1.75.sold at 1.85,gain aftwr costs 78 euro
Sold (1.000) bought @1.76 sold at 1.85,gain 70euro
Still have those bought @1.77.1.78 and 1.80 to deal with.
Regards
GLA
On Wed I bought 1000 @1.80
Thursday , 9th, it started falling
There is a saying in this business that one should never try to catch a falling knife.
But I did, buying in again at each penny fall down to 1.723.
it fell further to 1.69, but I chickened out.
Friday was a mediocre day until after lunch. then it rose from 1.68 to 1.78 in the afternoon.!!!
Who knows what Monday will bring.
GLA
Right, last Friday week 3.July I bought 3000 shares ,average price 1.78.
On Monday morning i did not get to turn on Degiro app till 09.00. the price had been at 1.92 and back to 1.91 at that time.
I did not sell all at that price as I was a bit busy. (though with Degiro its a few seconds work)
As it fell mid morning i decided to take small profit @ 1.85.
Gained 240 euro gross less costs and taxes of approx 70 euro.
For the rest of the day the share price rose back to 1.90 but que sera, sera
Regards