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What a ****e day on the shares
I see the bad boys got it down to the £2 target or was it just going down anyway?
It's definitely a hard one to call? They do seem intent on taking it lower though. With the very thin volume, currently they have the upper hand. I visited another branch of Metro today in Orpington, again it was very busy.
Theosus - Thank you for your insight it's much appreciated. I intend to put a £100k into Metro. I know I don't have to justify my trades, but I'm quite happy and open to name my trade before I place it. Initially I'm going to buy £40k worth of shares. All to often in the past I've jumped in feet first, this time I'm going to give it plenty of thought before I invest. I've set my target at 180p entry and I'm going to stick to it. I did post before that my stop loss would be 140p, so it's quite ironic that yours is the same. Good luck to you, and let's hope we make a small fortune in Metro. Atb. Popeye.
Makes sense Mister Popeye.
100k is solid, nice healthy profit if this ends up going where we think it is (TO/ JV/ etc)
I put £100k into this about 5 months ago and I’ve managed to turn that into £60k, lovely! So a 40k loss (paper) plus the opportunity cost and not to mention the emotional roller coaster. But, if you want the gain (free money) you have to be able to ride the waves and wait for the storm to pass. Good luck to you because you won’t know when to deploy your capital, it will be a combination of calculation and good fortune. You buy on the hope that someone, at some point, will pay more.
https://www.lse.co.uk/profiles/penguins19801/
Joined last night. 24 posts in an hour.
Good morning Penguins19801 and welcome to the Metro BB. Everybody is welcome here, the more the merrier! I'm sorry to hear that you're a little bit underwater on your buy in, but I'm sure it will come good in the end for you. Remember it's not a loss until you sell. Atb. Popeye.
penguins19801 - I don't think anyone holding this ****e is in profit, as if they were, then bu now they would have long gone. This has been one of the boring shares, that I have invested in.
Mr Jimdson - That's the plan. Ideally it would be nice to get a double up. I think NOV made a good point last night. I'm probably better off trying to pound average on my entry, rather than searching for the bottom. Atb. Popeye .
I would add below 190 since big drop at 200, defly 180 and below... anyway my view only gl
£1.80 on its way
Looks like an even worse day today..................
Mrlong - I like the analogy you use regarding deployment of capital. This game is all about entry and exit points, and your dead right a certain amount of good fortune is definitely needed. Good luck with your holding. Are you tempted to buy anymore? Atb. Popeye.
Thanks Theo
Metro is the target stock - the City don't like it!!!
This mornings open - sluggish - then the Algo's took over.
Then the Southbound rush.
Why our BoD so quiet ????
“ Why our BoD so quiet ????”
Most likely for the same reason they have not bought anything over the last few months: they have access to privy info of background Moves.
I personally could not care less about the daily share price fluctuations. 195, 180, all good.
End game and 350-400 TO/ JV is all I am interested in.
Whats up with this frigging thing ? I'm starting to get into Dogger mode.
Theosus - Good morning. I have heard of the naked trader. Thank you for putting the link up. I will have a read of it. I'm going to visit another Metro branch today in Bromley. I've already got a Metro Bank Account, which I've had for about 3 years. I will let you know how I get on at the Bromley branch. Atb. Popeye.