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I completely agree with 1Squadron. JW has an investment style which I really like too. He sets out his clear reasons for the stocks he buys but always stresses that it's important to do your own research. He's really approachable and engaging and exudes a passion for investing which you rarely see. And his track record speaks for itself. He's a top bloke in my books and I am delighted to be part of his investment club.
1Squad definitely not cool and no i haven't bought any and currently have no plans as without further news i believe it will drop further! The price rose after JW discussed it then it rose again after the RNS that he had bought a substantial number of shares, then the RNS speeding ticket dropped the price as i suspected would be the case.
As you say JW has carried out great research and has indicated a number of shares that he has bought into, some rose sharply Bids, ESC as 2 very good examples.
James Draper was extremely bullish and again, when it became apparent that his revenue forecasts were thousands of percent off the mark, people should have made their own minds up.
I'm not aware of any previous schemes from JW the like of which you allude to. "Insiders" being watchers of his YouTube and listeners of his podcast? As far as I am aware, the SIC is the first time there has existed anything "non public". But its members are members of the public like you and me. It is a public club in the sense that you can sign up. Like any number of similar things, many of which as far as I can tell are "tipster" type services. SIC is very much not that and it's not what I am looking for. JW has a sharp eye and an investing style that I very much agree with. I have followed him into around 10% of the stocks he's bought over the last three years. And I have held stocks he has sold, for better as well as worse. And he doesn't owe it to anyone to announce that he is selling. He doesn't tell you to buy, he lays oit the case. What you you with that information is up up you. Personally I have found his research to be excellent and he has saved me TONS of time over the last few years.
Cossy hasn't replied to me so I can only assume he bought stock and wanted to see it ramped. It's either that, or he was just being "cool".
@Riddler
Clearly JW's "advice" seems best ignored, this "crock of crap" stock was a very easy one to ramp, as most trades seem to be by appointment only, whatever he did or did not do (& noone can ever be sure), there is never a better rule than DYOR.
Personally I wish him all the best with his holding as this stock tends to be like a lobster pot, easier to get into than to get out of....
Especially with the update provided by the company this morning, less than encouraging imho.
By "his education is excellent" I mean his content and guidance. He is a bit wild at times, but very sharp with an eye for the future. IMO.
Hi Riddler,
He has always been very clear with the old DYOR message even if he has a tendency to be quite excitable and I don't believe he iwes anyone anything in terms if informing when he's selling. People have to make their own minds up. I do recall the fervour around BIDS in particular but, the story dramatically changed there and anyone in their right mind should also have looked hard at the revenue/hype scenario in the share price.
In my opinion he is very good at picking small companies on the brink of growth, and his education is excellent.
1Sq.
A motivation has a purpose. It sounds like your purpose was for the stick price to go up. What, for fun? Or because you bought?
It seems to me that you lack an appreciation of "community". As a member, I enjoy the fact that an experienced and successful private investor shares his experience and from time to time, a stock he is buying. One tennet of the club is that it is private and members have time to do their own research and consider whether they might want to buy a given stock, before JW releases the information more widely. From what I can see, the vast majority do not buy, at least not straight away. There is a strong ethos around the right time to buy and not getting spiked. The primary function of the club is to share learnings and attempt to improve as lomg term investors. If you have spent any time in the Discord group or on the weekly webinar, you will know all of this.
Tell me, were you aware of these principals?
Announcing on a public bulletin board that JW was buying the stock tells me that either:
1. You are incredibly ignorant.
Or
2. You have some motivation.
You sound educated, so I struggle to believe it's the former.
1Squadron my motivation is just to point out the following: JW has bought into INX in a substantial way courtesy of the RNS this morning and on his suggestion that this maybe a good opportunity people have followed him in! That is what i implied by the JW effect nothing at all sinister as you are trying to paint.
His suggestions over time generally go up!
There was no ramp. An individual decided he likes the company and bought stock. He mentioned this to others, some of whom did some research, and some of those bought stock. One of those individuals decided (for reasons not determined) to mention the fact here. This is a small illiquid stock and anything out of the ordinary will affect the price, including buying by those (such as me) who think the company is good value at the price they are buying at. If others jumped on that, that is their choice.
Well thats a shame. I was expecting good news. The move from 6p was just a ramp then. No contracts, nothing positive to say. Taken my profit and moving on. So much for being in long term.
GL holders
You literally keep repeating it and making references. What is your motivation?
Why then did you post here first thing Friday "JW effect kicking in?" or words ti that effect?
1Squadron Yes i am a member of SIC but not bought or sold a share ever in this company!
Cossy are you a member of SIC or were you tipped off? Bad form either way.
though wonder if he has taken his profit already?
Well he really takes the biscuit doesn't he ?
I hope so, you shouldn't be allowed to take advantage of less experienced people like that by pumping a stock. Feel sorry for those who bought at the heights
Statement of moving of the share price at the same time lol no material change from last December, back to earth it comes lol
but he just told all his followers to buy knowing it would drive up the share price for him?
J.Waite buys just under 5 percent of company ,tidy sum and contracts have developed ,he will have a decent news flow .
18 to 20 pence. Still very low mkt cap so 50p in longer term perhaps. In at 5p as a sleeper myself. Will sell enough for a free roll and then let it go up ten fold hopefully.
That was quick!!