Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Forgot to say Q4 aswell given furlough will end in October in the main!
Fleccy, Trenners, DividendChaser mainly - thanks for the replies. The main reason I sold was because of all the negativity this week and could not see anything pulling this back up for the moment - on the contrary everything pointed/s downwards and the SP reflected this by dragging lower and lower as the week went on and struggling to stay above the 31p at which I had bought. I could see this in the 20's and yesterday already dropped to 29.25p - could easily be back in the 20's next week so will wait and see what happens. Very worried about Q2 and even Q3 results also and prefer to take a small loss and sit it out for now! I agree 30p should be cheap given the drop from 70p but with the news so negative (including the Chancellor) who knows where it is going short term?! Should not really have bought in as I was waiting most of June for it to drop below 30p and should have had more patience but on jumping in should have taken the 2.5/3% profit when I could and got out especially as it was blatantly obvious could not get over 32p at the time - big mistakes by myself recently but you live and you learn!
I disagree. I think that loads more people should sell this share. Let the price go down, the further the better. That means I get more when I top up
There was no virus announcement the announcement was that the existing drug redesivir was effective in reducing syptoms therby reducing death rates yes I agree selling in the hope of buying back cheaper is a mugs game I have tried this a few times more often than not got it wrong and found the shares I have sold gone on a winning run but I can also understand traders selling at a loss to protect the position escalating into a greater loss something which I have done myself only for the shares I have sold at a massive loss to recover lol at the moment it is difficult to predict which way the markets are going though at the moment we will not experience the volatility seen in march and April because of the actions of the fed many times the last week ftse futures were showing a healthy gain in the evening only to fall sharply in the morning before trading so even ftse futures is not a guide to how the next days share prices will pan out
i agree trenners ,i could not belive the amount of red on the screen as soon as it got back to a tad over 30p ,selling tiny amounts why?? the amounts were that small less than the cost of a good night out ,i am holding for a repeat of after the crash i bought at 30p then and could of sold mid 80p but i was greedy and waited the ppi ,etc etc , topped up yesterday i will stop looking until after xmas keep safe everybody
..... I think selling out at 30p is a massive misjudgement.
Yes ... They went down to 29.25 .... Then they rallied to 30.45 .... So hands up everyone who sold out at 30p, bought back at 29.25p and then sold out again at 30.45p? Exactly no-one!
Lloyds at 30p is cheap .... Yes it might go cheaper .... Or it might not ... But with stamp duty and dealing costs .... Selling at 30p and then buying back lower is a gamblers game and giving away shares far to cheaply.
Maybe it makes more sense selling a portion of your shares at 38p after a 3 or 4 day rally (like we had at the start of June) in the hope of buying back in on the retrace. That seems a better strategy than giving the shares away at 30p or less!
As LTI once said - if you are holding shares for the longer term then the movement of a few points in price is somewhat academic.
I think even the luckiest short term trader would have struggled to make much money yesterday, after costs and stamp duty, on the swing between 29.25 and 30.45.
What is more telling is ... The mention of a virus vaccine towards the end of the trading session saw this share enter into a massive spike upwards .... And that should be a clue to what the future holds for long suffering lloy holders when a vaccine proves successful.
Trenners
"It was proving a correct decision yesterday morning when sunk to 29.25p - now back to 30.45p"
Lloyds has probably dropped about 50% on the back of Covid 19 and the market never recovers in a straight line. All the vaccines should be trialled by early next year, with some by the Autumn. It stands to reason that stocks will recover large amounts of their losses as the pandemic subsides. I don't see Brexit as big deal personally and the pandemic is probably on the verge of ending, so i don't understand why investors, with funds, don't jump in with both feet now on their favoured stocks.
It was proving a correct decision yesterday morning when sunk to 29.25p - now back to 30.45p (big surprise here to be honest - remdesivir is apparently the reason.....) - we'll see what happens next week - but losing my shirt is exactly what I wanted and want to avoid! GL+ATB to all especially LTH's - also have a great weekend!
We sold at 35/37.....
yeah lol! prats buying at 31p and then selling at 30p. wtf? any wonder 80% of PIs lose their shirts on the stock market?
What's the point in sticking around if the trend is down?! 30p might look very decent in the coming days/weeks - closed at 29.73p so 30p easily breached at the end there - see it continuing lower tomorrow and onto next week! Prefer to be out now and see what Q2 results bring!
LOL