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plantravel- while we are owning up to successful trading (hic), I bought twice on 3/2/14 @10.45p and 10.30p. I sold twice the day after to cut my losses at 9.84p and 9.26p only to see the price rise after my sells and I bought back later @10.25p only to see the price drop to 8.85p so I sold again. Finally I bought five more times that same day @8.6p, 8.6p 10.24p, 9.39p and 9.4p. At the end of that particular day I had 50000 shares. I bought more shares during the steady decline, but always cut my losses and sold at a loss. My first four buys of COMS I sold in profit, 28 of my next 29 buys were sold at a loss. That is why I am thousnds down on this, but don't tell the wife.
Utahsaints- you are not the first to question this. I'll try and explain it simply. This is just an example: Say I bought 10000 shares at 10p = £1000 and sold the lot at 5p = £500 The price rose to 10p I bought 10000 = £1000 and panicked when they fell to 5p and sold =£500. I would now be £1000 down with no shares. I now buy back 10000 at 1.5p therefore an average of 1.5p but my break even would be higher because I have to recoup the £1000 I had previously lost. I hope this explains
At a guess.. reason for the discrepancies is that he sold several times at a loss. Therefore his avg now may be 1.6p but to get back what he's lost would require circa 5p
Well, just for comedy value. I challenge anyone to have bought COMS shares higher than my spectacularly timed buy at 16.29 date:03.02.14. 26666 shares @ 11.25p. My second buy of the day over 10p! Let's just say the RNS the next morning was unwelcome!
How can you have an average of1.6p but break even at 5p?
Beat you plantravel, I've totalled 65 trades since I first 'dabbled' in jan 14. I've sold many times at a loss (Stupid I know) my intention was to buy back lower, the price rose and I would panic at being left behind and buy back to early. We've all done it I know, but none as bad as my COMS decision making, I am now thousands down. Lowering my average which at present is 1.6, but my break even at present is about 5p :'-(
Nice to see.
Gm all. We may well see 1.70p+ this week. So we can see how this is moving up from 1 weeks low sp of 1.45p to 1.65p & rising.
You just made me check my trade history. 51 trades since my first purchase in March 2014. £2k worth at 7.4p. I've managed to average down nicely to 1.1p with 8.4m shares. Thinking of selling 1m at 2p and investing in flowgroup (flow), a local company.
It got personal!!! Good luck with what you decide to do. I think I made Coms one of my projects, not finished yet either......
62 trades is quite impressive for a little dabble lol... I used my ISA allowance up stuffing it full of COMS end of tax year 2013... sickener... now avg is just under 5p after buying few more in Jan... toying with another top up as still below recent Director buys.. seems sentiment is pretty positive...
I feel your pain. I have looked up today and found to my horror that since 2014 I have made 62 trades in COMS, selling and buying tranches in order to reduce my average. I have probably personally paid for my trading account's Christmas party! 2 years and 4 months after my initial 'dabble', and I have 40x the number of shares I started with! For the first time in years I can see a way to this investment achieving its aim of providing funds for travel.
and yet here we are after the dark days with buys going through of 10 grand+ and my shares although still hideously down only have another, gulp 160% or so to get to break even.. shows the difference a decent CEO can make... Average down time? I'm almost tempted....
1/4/16 & not 1/4/15.
1/4/15: 1.40 to buy & now approaching 1.70p to buy! Getting expensive now as we are heading toward 2p.
Since last week a new uptrend has been performed by the share price, on a much large volume today 1 month chart with volume http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECOMS&width=700&height=285&p=1&t=1&dm=2&vol=1&cb=
Couple of mil just picked up has seen us through the 1.62 resistance.
at 1.62 and nice pressure building.
Many thanks Plantravel for your explanation.
http://www.bbc.co.uk/news/technology-35746647 found this yesterday, looks interesting.
GM all.
😀
Simply to make your home interactive. The options are ever more interesting. Heating is becoming more and more linked to need, you can get your heating to turn on when you are about to arrive home simply by interacting with your phone, you can programme your fridge to reorder food, your lights to turn off when you leave the room etc. This is what COMS does in offices, parking spaces can be designated by need not by person, heating requirements adjusted so that rooms heat up when they are about to be used, computers coded to have the specific interface for each user recognised when they log in, allowing hot desking. The options are endless! What is brilliant is that the technology saves money. In other words if you are an office manager and you are not embracing this technology you will have to explain to your bosses why you haven't adopted the technology and saved the company money!! I have a sales business, and selling is all about making the buyer look good to his bosses at limited risk. This technology ticks all the boxes. 😀
Someone has just asked me what smart homes are and so I resorted to Google to find an explanation.Could not understand a word.Could anyone help by giving a simple laymans explanation.Many thanks.
A great article and a must read for ever COMS Shareholder or prospective COMS Shareholder. My favourite bit wasas followqs: "A major benefit of IoT gathering pace at the moment is the potential for transforming working environments; making them more cost effective, intelligent and agile. In fact, Gartner predict smart commercial buildings will account for 35% of the smart city market, driven through BIoT (Buildings Internet of Things) sensors. Between 2015 and 2020, IoT endpoints (or connected sensors) will increase five-fold, from an estimated 4.9 billion to 25 billion units while smart commercial buildings will accumulate 1,663% increase in installed IoT sensors over the same period, from 206.2 million units to 3.43 billion".