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Leaving the core intact works in an uptrend and at low prices, subject to funds & risk of course, prefer to use a separate pot.
Puts one in a better position as the price nears your average and then once above can be traded down to zero or simply held.
HOLDCORE 😁 (apologies to Hodor GoT)
@GoCPI
For me, retain a core for recovery stocks. LT do you see the price higher... of course it will be.
In the meantime add &trim to improve your average of your have the funds.
Eg 10000 at 37p, sell 60% say at 50p, give you an add including stamp and commission at sub 19p per share.
(10000 x 3700 x 1.005 stamp+ 5.95 comm buy + 5.95 comm sell less 6000 x 50)/ 4000 [10k-6k].
Works all day long for me.
Not without risk and nit a recommdations. Vary the quantities and selling % depending on the veracity of the move.
DYOR. Not for everyone.
@MaryBr - Personally I tend not to trade as trading is a hit or miss for me, and sticking to my theme of this being a recovery play, the best returns will be had with a buy and hold, IMO. However, I may just resort to trading between 10 to 20% of my holding should it end up in the 60s/70s. Its a wait till then for me!!
Buy the dips, add and trim. The volatility is super at the moment to substantially reduce averages while the recovery continues. Many here have averaged down, mine is currently just under 68p, heading to zero average. Patience is the key. Momentum is upward. Soon will be a trim and add as the spike continue. Trade smart.
Just look at the recent SP travel to see the opportunities.
37 to 53 (16 travel) and also from the lows to the 50/60p brief spike on 22nd (potential up to 20p) and many more opportunities as the SP dropped.
https://uk.finance.yahoo.com/quote/SFOR.L/history
Date Open High Low Close* Adj. close** Volume
28 Mar 2024 41.20 54.00 40.35 52.55 52.55 8,773,288
27 Mar 2024 42.54 43.99 37.00 41.46 41.46 9,822,081
26 Mar 2024 44.00 45.50 43.76 44.52 44.52 4,188,421
25 Mar 2024 43.00 45.50 42.58 45.22 45.22 7,753,269
22 Mar 2024 40.20 55.29 39.78 42.38 42.38
Nice one, jcj07. I don't mean to pick on your negative sounding posts, however given your high average I need to acknowledge that you have every reason to be pis5ed off with SFOR for their previous misses. And just as it happened with the other stock I hold (albeit a very small holding), SYNT, the stock price turn is unfolding well ahead of any real recovery in the sector this year.
The LSE is s shiite market with low depth, sadly, and US investors can still pick up real cheap assets this side of the pond. And a company like SFOR with circa 80% revenues from the US and valued at well under book (albeit mostly goodwill driven) is even more enticing. If there's anything that the market has shown us over and over again, it's that when a stock moves up post a recession the turn always occurs well ahead of any changes to revenues/profitability that the market judges is on the way. We may not have had a US recession, but we have had an ad sector recession. The same themes continue to be spelt out by the bears to justify hammering the SP down - the company is uninvestable as new emerging sector paradigms mean that the company is positioned badly (AI usurping/degrading Agency consulting work permenently by doing away with Agencies, blan blah) and its prospects are permanently diminished. However, in most cases it can't be further from reality and if there's a strong management team at the helm you know that tide will turn. Ignoring that noise to buy/hold such undervalued shares is what will give us mere mortals the best possible returns.
OK, that's my Easter Friday SFOR investment thesis post out of the way, LOL, and now to be follwoed with plenty of wine tasting around the Western Cape to take in as a reward for yesterday's move. ;-) Good luck jcj07 et all holders! The tide is surely turning, IMO.
GoCpi
I actually added despite being negative, you make some good points and I hope the tide has finally turned.
My breakeven is 111 now so I'm not 100% confident I'll ever see my money back, having said that, tonight I'm celebrating. A much needed respite to those like myself who started buying in the 150 mark.
Thanks for your comment & happy Easter
A typically pointless click-bait investing you-tube channel that relies on backward looking indicators to promote investment (or not) thesis to weak-handed investors - that's how I'd characterise this lot. I'm sure this was a great help for nervous investors/traders that were looking for a price miracle yesterday and likely sold a chunk when a jump didn't materialise!!
It gives me no pleasure to say this, but you reap what you sow!!! And jcj07, I hope you didn't listen to numpties like these and decided to crystallise a loss, even on a portion of your portfolio, at about the wrong time for this stock? Sit back and let the economic recovery in the US in 2024 guide a recovery in digital ad market and that's what will move the share price to much higher levels from here. The market always runs ahead of a turn in fundamentals and that's as consistent a theme as any. Enjoy the ride upwards in the coming months/quarters!!!!
Thanks for the posts cnbc and jkr... nothing we did not know though. Patience will reward when least expected.