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Hi Yanis, to begin with i had taken a small bite then I loaded up quite a bit more, luckily, just before the recent big move on Friday. As a result I figured there was more chance of more to come, so rather than sell, just topped up a bit more if it did indeed retrace, (which as it turned out it did),
So i have not traded this per se, as there tends to be a bit of a spread anyway, but just trying to time entry points. 45p-50p looks acheivible and I may top slice/sell around there if it makes it.
But who knows, i can be as fickle as the next man..... ;0)
Wyn, that was a good call on MMAG - the retrace to 30.5p.
I bought another £2k’s worth below 31p. id you trade some?
Hi D, re:G4m its saying 70 on the RSI so my 2p's worth is that it could carry on rising for a bit more yet, maybe 150 ish before a retrace/pullback but many books advise 70 as being the start of over bought territory.
Hard to foresee how the so will react but iq-ai had a positive RNS this am. Might be worth a read.
A bit over-bought territory for GEAR4MUSIC?
Sell:128.00p Buy:134.00p 26.00p (23.96%)
fear not D, its all going to come good...just you wait and see :0))
I hope it works wyn! I don't have the best record :(
Late morning I looked back at the chart and could see the rise started before Xmas and thought that might, in your view, be a good sign. If I had spare cash (or if AVCT suddenly rocket and I top slice) I'd put a bit more in Hemo, some in MMAG, and buy-back what I had in WOSG.
If only...
I have taken a bite on the intra day pull back D. Looks very promising. Thanks for the highlight.
Excellent Wyn, good luck to all o us..
I added too last week … and the week before … and … :)
Hi Yanis,
Yes, I added to my holding last week so both tranches well up at the moment. :0))
My new iPad keyboard is playing up … 3 to 5 years
“… be a £1 Billion MCap company within the next 3 to 5 years …”
Morning Geeman. Yes nice feeling, recovered my Eve losses and now onto recovering the ANGS losses. I believe I will soon recover those too and start making a real profit.
MMAG is my top pick. I was fortunate to realise the value of it since single digit SP and been adding ever since.
I believe it still has a long way to go, never felt so confident about any another stock in more than 20 years in the markets. It reminds of the Amazon early days when Amazon was simply selling books and begun expanding. I sold 1,500 shares of Amazon at $25 only for it to turn back up and go to $3,500 !!! That is a staggering $5++ mil profit lost opportunity.
I am not saying that MMAG will reach Amazon highs but in the present climate they are in the right field and the CEO is confident that MMAG will be a £1 Billion MCap company within the next 33 to 5 years - that will be ~£10 per share.
MMAG also differs from other AIM companies - they have a 108 mil shares float and has been effectively the same since IPO. They also have a £30 milo revolving credit facility and the chance of ever having a placing is infinitesimally small. About three quarters of the shares are held by insiders and big institutions.
All - DYOR
Well done indeed Yanis. Wish I'd followed you into MMAG but all easy with hindsight :-) You were the one who spotted it in advance and I'm delighted that you've got your 'eve money' back on paper.
MMAG looking great … already recovered my Eve losses and more (paper gain for now) :):)
I hope you are still holding Wyn, there is still huge upside..
good one... (maybe ripe for a TO?)
I put a part of what I saved from eve into HEMO which came out with a good RNS this morning.
IMorning D, I think for me the pace of change as we all know, has accelerated but we have grown up with the LTBH philosophy because it worked then.
My feeling is that over the last 20-30 years , things changed but of course it was gradual so no fundamental change was made to that historical approach. (So, different game, different rules is my thinking).
Ultimately I think we are starting to see the collapse of capitalism with this race to the bottom of profits through the never ending shaving of margins.
Govt (imo) should be getting smaller, but the reverse is happening so we are living in a "free" capitalist society with a communist type govt. (and that goes for the West generally).
The 2 don't really work together and we are seeing the strains now, which by my logic can only get worse.
Its a bit grim, but hey ho, buying and selling shares (gambling), allows me to fiddle while Rome burns. Ha Ha!!
I really can see the attraction of the charts if one can do it well, but they do seem short term and my nature is 'hold' so they become less relevant I'm afraid. You've often been right (even ABDX) regarding what will happen in the next week / month but you have the sense to get out if the SP or charts tell you that, whereas I stay.
I don't think it's too late for me. I do need some good luck though. We all do I guess!
Have a good evening Wyn – and anyone else here today.
Truly D I don't have the answers, so I hope I'm not coming across as though I do.
The "plan" thing (given its all arbitary), is to figure out in some rational way, as to what the profit sale price is and when it gets there, act on it.
(I like charts because of the mechanical aspect and targets it sets for you rather than deciding what they should be.)
My last post wasn't checked and read very badly! I'll try again:
'It's tricky as whatever I try holding on (to Sng and Tils to £2.40, even 'eve' when it briefly went well) was running my winners but then not doing the 'sell 30%' etc bit was a mistake' is a little more comprehensible.
I only 'borrowed' from WOSG for HE1 and would like to get back.
Also, and I guess this is something, my losers have been a couple of thousand (apart from eve :( so the problem has been the shear number of them – I forgot to mention DDDD – rather than the size of an individual loss.
Then I had some which I sold due to inactivity and they've subsequently done very well (Yu +287.32% since sold) and Glen.
It'd be a great hobby if I were any good at it!!
Thank you wyn. It's tricky as whatever I try holding on to Sng and Tils, even eve when it briefly went well, was running my winners but then not doing the 'sell 30%' etc bit. WOSG (thanks for that) made me 30% and I was going to hang on there but HE1 looked a good bet to maximise my gain there before spud, and then you know what happened just as well as I do.
I will certainly let much of my AVCT 'run' if things go well, but also bank some of any increase if only to get back into WOSG.
The weird thing is I'm set of resigned to having lost a lot yet it doesn't make me depressed and I hanker to put more in. Addiction?! Next time my luck will change.. I have more experience now.. If only .... etc.
Hi D,
the old adage of "run your winners and cut your losses" always sounds so trite but the reason it exists is because of the emotional pull to do the opposite.
Most people have an idea what they think a share is worth (lets say its 50p now and if all goes well 125p in a years time)
Then it jumps the very next week to 80p, so because of the quick profit you cash out pleased with your self on the profit made.
Share B is also 50p and also hopefully is expected to go to 125p the next year. This one disappoints a bit on results and falls to 43p but its probably market over reaction so you hang on it drifts down to mid high 30's but the next TU is due so a good chance to either cut losses or get back on track. and then it repeats and falls to 25p.
Of course the other one went on to 150p....
I know its a similar trite example but the psychology is to bank profit as asap because of the fear it will disappear and the looses don't want to be crystalized because of the pain of losing money.
Thats why i have learnt to have a plan and to stick to it. (Every time I do come unstuck its because I don't stick to the plan!)
Which tells me actually, its not so hard to play this game in fact. The hard part is to stick to the original idea and not get distracted by profits or losses.
Easy to say i know, but if if my experience is anything to go by its just practise rather than any great investment prowess.
Good luck Geeman! fingers crossed for u.
Happy New Year to you too Ci :-)
Yes, too many AVCT eggs now for me, but not 'cos I chose to put them in, just that the eve egg, the Angle egg, the HE1 egg, TILS, COPL, all went a bit sulphurous. Leaving one nice shiny AVCT egg – so long as the shine is justified. Trouble is that I wait too long and then the shares are not valuable enough to sell, and you get the occasional spike which gives false hope. I got Angle much earlier than you but then did top-up at FDA clearance ('now it's definitely a winner' – famous last words).
It's certainly a lot easier to lose on shares than win, in my experience. Having said that, in 6, 7, 10 yrs, everything and his dog will be going up and people will think they are geniuses again. Just a long time to wait...
If AVCT do well I will sell 50% and pay off buy-to-let mortgage and slowly drip feed things like WOSG. Maybe get back to where I started (with an awful lot of luck!)
Another note, I don't know much about AVCT, but some general advise as the saying goes not to not put all your eggs in one basket.And If you had a fresh piece of paper, how would you allocate your portfolio? Quite easy to emotionally attached to one stock. Eve Sleep costs me a lot more than it should have... hoping it doesn't happen to others too. GL