London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
With this stock now on up at last just wondering whats everyones average price and what would you sell at mines is 77p so little way to go but think we will be back in 90s by end summer . Might offload few if hits 92p again as little overweight
140 @ 84 in isa ( need 115 to make back losses from cineworld) so will sell 40 at 84 just to derisk
80 @ 74 in trading account ( need 84 to make losses back from pfc) so will sell 40 at 84
65 @ 95 in sipp ( simply no need to sell)
I thought you bought another bunch in the mid 50's recently? I was referring to those ones....but if I imagined that, then my apologies :)
Anyway, hopefully the momentum remains with us, because this is still a long way from the SP value it should be IMO....and the jury still remains out on the BOD too. GLA.
I need a lot more .to make a small return… I’m regularly buying at the mo and will then hold for the next 5 years I think. No rush.
Overweight here as well, but avg is 121. might trim a few at 90, which were bought at 56, but that then pushes my avg out to 139, so unsure.
66p is the resistance according to TA advocates so lets see if the tealeaves are true!
Short positions seem to have increased. Bit worrying. Do they think this mini rally will not hold?
LWHL
Yeah I bought 40 averaging 55 in the ISA, most recent, and previously bought 50 at 58 in the ISA in October, but the first 50 in the ISA were at 127, hence average there around mid 80s.
But 2 years ago sold cine whilst I could recoup something at 28p making a 40k loss in my ISA which is why I'm trying to recoup that somewhat with MCG, not going to plan yet!!
JG: Glad my memory was not faulty :) I would suggest not thinking about your average in those terms, because this is a LTH for you - and you can move it around with trading naturally.
So, eg if you were to sell those ones bought at 55p, then that particular tranche would lock in a nice 10p per share profit at the time of print.
Naturally, that action might lead to some lost future profit on that batch if we kick on from here, but if we retreat back to that level, or even just to eg high 50's, then you can look to repeat the trick if you so wanted.
Or you will have basically de-risked a bit on a size of holding that you sounded pretty uncomfortable with, only a few weeks ago. A strategy which might sit most comfortably for you.
I took a hit on another of my holdings yesterday, so missed your reply to me which I have only just seen.
Very annoying and a not immaterial sum of money either - but had I not undertaken a similar process to the one I mentioned above, then the size of my total loss would have been even greater. The successful side pot trades in that one in the past couple of years were not big enough to have put me on a free carry though, so it was still a net loss.
And if it comes back, as some holders in that one naturally think it will, then I will have made the wrong decision, from a trade perspective.
It just felt different this time and was one red flag too many to my mind - so I took a smaller loss than I think it would have become otherwise.
That one is on AIM though, none of which IMO now should be anything other than traded, where before some I held as investments as well as traders. Not a single AIM investment has worked over the time I have been doing this! Plenty have been good short term trades though.
Always a learning game, often with a hefty price tag! GLA.
Decided reluctantly to sell 70pct of my holding this morning for a 12pct profit, we have had a good run, shorts increasing and no market announcements scheduled for a while, I suspect MCG may retrace - will retain 30pct as I think it will come good eventually but I suspect will take time imho - gla
If it can break the 66 level it should go to 90 without too much bother!
It broke 66 the other day and went to 67.1
LWHL
Sorry to hear about your hit yesterday, and your logic applies in terms of reducing overall (paper ) losses in these situations.
It's a sad state when we're talking largely about reducing hits as opposed to increasing gains!
You're right though, it remains consistently uncomfortable given the size of my holdings here.
And if I am honest I think I do need to alter my strategy here, because up to this point , the main aim of having such a large position in one stock in my ISA has been to try and claw back the CINE loss.
I keep forgetting that one can trade around without tax consequences more freely in the ISA, so take a few grand here, few grand there etc.
I hope you claw back yesterday's hit asap.
Thanks mate. It happens. I have managed to claw back a small amount of that total loss so far with a trend trade in another stock today. Not one that I have commented on that particular chat board. I have a few more in that one where I am hoping to repeat the trick somewhat. Not chasing that loss though. It is a small position that IMO offers a solid risk/reward ratio for a trade at the time of print on its own merits...but time will tell of course.
But, again from personal experience, I would suggest you try hard not to allow that (entirely logical) mindset of trying to claw back losses from something else.
Look at them each on an individual basis and put out of your mind the overall maths of needing X or Y to break even on a previous losing trade. Otherwise, you are more likely to place bad future trades, IMO. Easier said than done, but good advice I think!
But having been in the same boat as you and having made (and still make) plenty of mistakes, all we can try to do is get better at this stuff. Especially risk management.
That is what distinguishes a good investor or trader, from one that ends up in a net losing position sooner or later, in my absolute opinion.
And IMO only, that is why I suggested you consider the approach and strategy as I outlined before. I think it might work for you - but only you can know what works best for you of course.
And say you do it and the stock rockets and never returns to this level again...you have to decide if those 'lost' profits would bother you more than said strategy.
Anyway, still holding my small core position here, but do not 'see' a particular trade right now. If this changes I will post as I have before. Might make it a good short at that point, lol :) GLA.
Thanks for sharing your thoughts too.
Ironically all of my positions which are small and have been added to in small tranches, are currently most profitable ones, WOSG, BT (today), IAG, VOD, from not being greedy and overweight I'm up 10-20% on each and a few others.
Taught me not to try and chase, not to be greedy unless black Swan event or sell off for no good reason, and don't be too all in on 1 or 2 stocks.
Catch up soon.
Pretty clear this is being shorted today and last couple of days. New short taken out by Citadel looks like it's to cover their previous short which they're losing on so they want this down to 61p to break even. Reckon there could be a short squeeze soon if we can get over the 66p mark and ones that are selling a chunk will wish they didn't when we shoot over 90p fast. All about a bit of patience until the re rate!
Such a shame Wace aren't getting mullered at BT or WOSG today.
Always tomorrow
Check out RNK !
On the move again, after a brief pullback .. added another 10,000 - next stop 80p / £1. UK inflation figures due on Wednesday (expected drop) .. hopefully give us a boost. GLA.
EU interest rates cut in June and BoE should help.