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Well you are right to identify that joseywales needs help, walkie. But your post is rather patronising toward her..
Last week when I received a toxic post from GMHK. I looked at my post, there were two post that made reference to Valentine’s Day. If he acted out from those post. It was not taken with the wright spirit. Then I noticed similarities in Wig warmer and GMHK. same phrases and grammar. Take with a pitch of salt, not that common! The I noticed some of the answers answers to GMHK. They seemed very scripted. I don’t know weather it’s parrot fashion or the Same people
Stand down cowboy, these are mine
it is the market that is making you and your trades look ridiculous, joseywales. don’t shoot the messenger. the latest is that you sold at 140p, were unconvinced at 155p, sold at 190p and again at 215p. shares now 235p+. this is after reporting buys between 300-500p. you are evidently no great trader, pal… jeez, even a simple buy and hold would massively outperformed that ****e, especially if buying at prograsivwly lower prices. and sorry to hear about your ailment - i’m guessing it is oral thrush? perhaps if you stop talking bwollox and aggrandising yourself then it will go away. atb
Was wondering when I was due another dose of thrush. My chat history is there for all to see. There will be something there where I talk about how futile it is to simply hold and hold and not trade within the ticker. I think Wigwammer the little petal, got a bit flustered and confused by it all and should probably just have invested in managed funds rather than try this out for him/herself.
Hi walkietalkie,
So maybe JW does something entirely different to what he/she posts here. Perhaps what he/she says and what he/she does are entirely different things.
But what possible use is that to anyone, or at least, to anyone with a brain cell?
Regarding buying low and selling high - that’s not a strategy, pal. It’s just a truism. It’s called “making a profit” and is sort of what everyone is trying to do.
For the record, having reported buys at 500p, 400p, “slam dunk buys” at 300p, then sells at 140p, 190p and 215p, there is nothing in JW’s posts that suggest a profit has been made. But hey, sounds like your kind of investor :) ATB
Hi Wigwammer
Maybe he/she is buying at 130, 145, 170and at 205.
This reflects my trading. It’s called building a position, buying low selling high and profit taking.
You should ideally posting this on Twatter or Ars£book
By looking at the chart, it might behave that way. It’s more technical analysis experience related to swing trading rather than any of those you listed. Let’s wait and see. Can’t really predict the future.
GMHK - Thanks for your reply. How do you reach your conclusion on price - 350/150/450? Is it calculation, extrapolation, some insight on speciality chemicals or whatever? Genuine question. Thanks.
FS, I agree it’s still low but keep in mind I’m talking short term 2-3 months with no news expected until next TU around October (?). Any target higher than 450p is very much dependent on positive trading update which I’m not so sure it’ll materialise. So 350, then down to 150 by end of year, then over 450p over 2 years time. Don’t have crystal ball so that’s my best guess.
GMHK
You indicate that 350 p is your target share price for Synthomer. On 164m shares that implies a market value of around £574m. Assuming a P/E of around 10 that implies earnings of around £57m. If the market for speciality chemicals is to return to "normal" is that not a bit conservative? Or have I got the maths wrong?
The expert trader JW was selling at 140p, not convinced at 155p, selling at 190p, selling at 215p… surely at some point he/she has to get something right. Of course I wouldn’t mention it, but he/she was rather adamant about his/her trading prowess … :)
Judging by the force we went down today from 250, it appears we have a bit of resistance here. If we hit 250 again tomorrow morning and subsequently return to below 240 then we’re done with the pump for about 2 weeks. I think I might play this setup and sell tomorrow morning if we get double top at 250. Will think about this idea overnight. I am slightly torn apart here about selling as my target of 350 is on the cards within 2-3 months.. however the prospect of a potential 20-25% retracement from the top which would be worth around 30k in my case, makes this scenario plausible. It would be all out if I make the decision to sell.
WT, please do not comment.
Hi GMHK. Yep MCG getting a little pounded. Not too concerned and will load more at 65 and 60p if it gets down to there. I'll probably have quite a lot going into results but only because it's been in that 55-90p range for so long now.
I'm still not convinced of a SYNT charge ... when RR. went it was a very different set of reasons/dynamics. Will keep watching and for me buying back in at sub 200 will be the initial target. Those broker targets are dependent on the company delivering to plan and a recovery in the chemicals sector ... I am confident both will come but I still feel shorts will engage once funds and the like tail off their re-investing.
Yes. Has been a great recovery. Our self professed “expert traders” have had a difficult time - it all started going wrong for them when they started posting their trades here first, rather than making them up after the event. ATB
Saxman, my target is 350 but I think, general brokerage consensus of 400 is likely since that huge gap 380-445 has significant gravity.. I’m not waiting for that myself though. At the current price, SYNT is half done so letting it cook for another 2-4 weeks. Not too bothered about current volatility as such price swings are expected considering the magnitude of the pump.
LOTM, JW - feeling the pain of selling too early.. been there many times and learnt my lesson.
JW, I can see MCG is getting hammered recently. I’ve got a modest 7k there from early last year with current loss -50%. Waiting for the delayed results and hoping it’s not a RI again. If the results are fine, I’m going to opt for aggressive averaging there yet again.
WT, please do not comment.
Hi LOTM
nice to see you back. This post is not for your benefit
Third limit order filled. Bought some back SYNT at 235p.
GMHK please do not respond to this post
Despite the perceived negativity at the moment, economies are doing better than thought.
Any news suggesting this remains the case gives a positive forward looking outlook.
With the latest SYNT results showing the company has stabalised financially, good economic news should provide a driver for producing companies with the right products.
Hopefully that is SYNT and there will be further rises to come.
This could easily be a rerun of the RR share price performance.
Hold for the medium term in my opinion.
REAL TIME
Just filled a limit order at 250p. Sold a few more SYNT, I now have 40% of my original holding from results. Might buy back at 235p. It’s called buy low sell high. It’s one of the fundamentals of trading on the markets. My second limit order has been filled as well, bought WIZZ. sold them on Friday on for 2170.
GMHK please do not comment!
I am still holding avg price is 257 so nearly broke even
Personally shocked by the share price performance since the announcement.
Well done to those that stuck with it.
If there's the slightest negativity in the next announcement, I hate to think what the downside is going to look like thou.
LOTM
My shares were bought at 2093 current price based on purchase before rights issue.
So now worth £150. So only a few multi bags required to break even. Easy!
I know GMHK ... it's just I don't think I've seen a ticker go like that on what was effectively nothing outside the update already provided. Whilst I felt the extension on covenant relaxation was important, to gain almost £1 in a couple of days seems too fast for a company that's not quite out the woods yet. That said ... regretting the miss on the 8% today!!
So where do you see this price going 250 or 200
I’m struggling to understand why you’d both be giving away your shares so cheaply. I get your emotions play you and want to finally lock in some profits (especially you WT with your scalping strategy) but ffs you held it throughout the most painful time likely for about/more than 12 months.. why not hold it for, let’s say, another 2-3 months? Let the FOMO play its game on others.
I’m not allowing myself to go anywhere near sell button for synt. If it loses 10-15% during correction, be it.
WT, I take your claims regarding the size of your holding here and the timing you buy with a great pinch of salt since you seem to be proudly talking about them few days after the event instead of saying the same day.. so yeah.. whatever.
Yes WT had XAAR before back when they were something like 40p during Covid and doubled rapidly. No idea where they are now. Really good business, IP protected and the type of industrial processes I can't imagine disappearing. In fact increasingly burdensome EU rules for marking product and the like probably help them.
I'm out of SYNT for now. I'll live with the regret of not holding a lot easier than not selling. Long time till we get any news again.