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At 8.02 this morning you posted ...adding.
Now suddenly you ...trimmed at the open.
It's the way I trade.
A pop up I trim, which I did, but I retain a core to average down so not need to get too worried. With PRU I sold my add yesterday and bought back too soon thinking 740 was reasonable.
Will trim on a rise and have bought some more at levels I never thought I could buy at.
Fret not, as I am sure you have other more pressing needs.
Mx
@ fatprofits
I also posted this yesterday.
Bracing for a buying dip tomorrow but at 774p this is already at a bargain so in for a bounce too. Always a market reaction with this beauty.
Add £5/£6 bring it on
or
Trim £8/£9
Let's go Brandon ( Bless Joe even saying it himself ;) )
I will leave it for others to assess the veracity of your posting. Not that the bulk of posters would give a second
thought to this in any case.
Suggest you focus on your own trading approach and leave others to their own. Focus on fundamentals or technicals of the stock and share/discuss here, rather than critique individuals.
I
* a comment rather than a critique.
And I will post exactly what I want to -
but thanks for the suggestion.
@fatprofits
I will leave it to you to cast your misjudged aspersions.
The "bulk of posters", as you put it, do not give a toss about anyone's input, including yours so I am not sure why you felt the need to comment. That is your right of course.
This can be played on up moves and down moves. My aim is to lower my average over time towards £0 or below.
Volatility like today works a treat as it will usually settle and reverse.
Thanks for your concern and have a wonderful day. Good luck with your trades, a sentiment for all - long or short.
Mx
Meanwhile...they got their 10% drop from opening ,taking it down to 719p
IF it follows AIA, and AIA had significantly outperformed PRU in SP tetms over 5 years - there is another 5% to come off.
It may not play out that way
AIA is also arguably favoured by the CCP - and in China
that is vitally important under Xi's leadership.
PRU is more than China and HK clearly, however a sale of
those businesses to AIA, might be the way to go.
What a pile of steaming shat this share is even by brexit basket case dog index of the world ftse 100 standards.
Hahaha, I think this should be their summary under the description section:
Prudential is listed in the FTSE All-Share, FTSE 350 Low Yield, FTSE 350, FTSE 100 indices.
Prudential is listed in the Life Insurance sector.
Prudential Plc Ord 5p is listed on the London Stock Exchange trading with ticker code PRU.L. It has a market capitalisation of £19.83b, with approximately 2.75b shares in issue. Over the last year, Prudential share price has been traded in a range of 514.50, hitting a high of 1,233.50, and a low of 719.00.
Prudential PLC is a pile of steaming shat even by brexit basket case dog index of the world ftse 100 standards, headquartered in the UK. It operates internationally, offering a wide range of insurance, investment, and retirement products and services. With a legacy spanning over 170 years, Prudential PLC is committed to helping customers achieve financial security and prosperity. The company's expertise in risk management and long-term investment strategies makes it a trusted partner for individuals, businesses, and institutions seeking reliable financial solutions. Prudential PLC's strong reputation and global presence position it as a key player in the financial services industry.
There, fixed it.
A 15% fall for PRU in one day would be extraordinary (all be it can still happen) so a more gradual decline, IF PRU is going lower still, is perhaps the more likely trajectory.
Fatprofits
no way will they sell Hong Kong business to AIA ..room in the market for both of them ....PRU very well established there
In China PRU and their 50/50 partner CITIC are both investing $176m more capital , as the market opportunities are considerable ..
CITIC is a huge Chinese state owned investment company
@fat
A bit of fun for you.
Let Core = X
Core pre purchase yesterday - Average £3.84 ( result of several years adding and trimming)
New trading pot = Y = @ £7.74
Sold Y early doors @ over £8
Y - now 26p cash buffer
Added 5 tranches 0.2Y at 760 754 740 724 720 ( too soon at the higher levels)
Average add 739.60 less 26p cash = 713.60p
Now 730p so moving into profit any looking to reduce around 760p to await the next move.
Trust that make sense to you.
Mx
eg 5X5k, low average, add 5k yesterday, sold this am
Add all the way down and sell on the way up
5k @ 774 -
Mary, post your contracts notes ...
Then we can see you for the genius that you are..
Poker, thanks for the view.
More misjudged aspersions.
You will find them here.....
https://www.londonstockexchange.com/stock/PRU/prudential-plc/trade-recap
Each any every one of them.
I'm asking you to post an individual contact note for one of the trades you have mentioned.. so for example one of your sales this morning at the open..
Just post one of these.. it's a simple request.
You are getting yourself in s bit of a tangle here.
@fats
Not at all.
It your first name Didymus?
OK, so no contact note to show an extremely well timed Sale of PRU shares this morning then. Right.
I thought you would be delighted with the opportunity to show your great trading skills ...
I will leave it at that.
I was about to send you my bank account details too.
Any other requests ? 💋
Mary rocks up at every stock that drops claiming to have bought the lows as per normal....normally on pfc doing the same