Member Info for Al4x

I have to say 2.5 years in this is a loooong time.

Its shown no spark of excitement.

There are so many good stocks to buy over in the USA.

Heck, even meme stocks are worth buying, due to stocks and shares being open to the average Joe in a much more accessible way than ever before.

Look at plantir.

No way it should be at that valuation.. But it's popular and hyped.

Uk doesn't have much growth and no meme potential. Better off on the other side of the pond.

A sensible decision. Even simple vanguard L world etfs have left this in the dust

Good old asos teases long term holders with some 400 action. But always drifts back to 300s

Worked out how little difference in terms of pounds between current SP and offer and decided just to literally sell my holding.

As its all in an isa tax is irrelevant. And basically price is stagnant now. So decided to just release funds for another buy I wanted to make.

I'm not sure what position I'm in and if it's better just to get these sold.

I've had no correspondence from trading 212 about this sale. Accepting, declining. Not a peep.

Is it better just to sell and release the funds. I don't want to get caught in some weird situation that I don't even know about?

Definitely a con man.

How many times has he said production is "just around the corner" or "next week".

Should be done for fraud if the regulators had any bite.

I'm sure he's made quite a chunk out of us investors.

I lost s so much trust in prem (and AIM in general) recently, I wouldn't be surprised to find the lab results were falsified.

Sold up for my biggest loss with prem. Sold a few weeks back at 0.05, quite painful. But the constant lies from GR means I lost all faith long before I sold.

Certainly learnt my lesson. Most of AIM is just throwing money away. Where directors can just lie about what ever they like with no consequence

Why would you not do quarterly.

Telling your investors twice a year how you're doing is poor.

See asos is back down at 400 again. Nothing has really changed since I started following this stock

I do agree.

USA is pumped to over bought in general.

Especially AI /tech.

I work in that sector and monitisation of AI is.. Tricky!

AI costs a lot to run. Me as an individual? No I'm not gonna subscribe to any AI service.

Businesses? Not sure either. There's one thing getting it bundled in with your azure subscription. But obviously that isn't generating profit.

I have stop losses all over as when it turns the correction could be significant and fast.

I'm surprised this bull run has carried on this far.

There are better picks for fashion shares than asos for people invested.

You have multiple risks here and too many elements have to align for this to end in a good way?

Sure it could. But the risks are high.

Without news or a leak I suspect asos will just follow the sector news.

Really hope our economy picks up.

Itsba sorry state of affairs!

Asos is just suffering same as general UK. Except it has massive competition from premium brands (amer sports owned arc'teryx etc) and cheap brands (temu cheap).

So it's unattractive (imo) in its sector. And primarily operates in an unattractive (imo) region.

I actually do own some amer sports shares as outdoor wear is absolutely everywhere. Look at North face. I swear every 3rd person in town had north face jacket.

My main UK good ones are also over seas.

AA4

BGEO (bit risky at the moment)

SEE

MPE

FXPO

I have a chunk in AV as a "safe bet".

But other than that I've gotten tired of same old poor returns. So poor it isn't worth the time to invesrige stocks. Monitor losses/gains. Maintain stops etc.

I do think the US tech is in bubble now. But can't deny better place for cash. Even now I'd still buy into USA. Even with its over priced tech.

I mentioned a few in November that have doubled and more in that time alone.

Some even 4-5x. Unbelievable.

Look at my dwindling UK holdings? Near enough flat.

Meme stocks are scarily profitable. And this doesn't seem to be going away any time soon.

Not smug.

Many have said on here investing in UK is pretty dire for ages.

I've said this before.

But simply putting money in all world etfs is miles better than anything UK based why bother with these single stocks?

Nearly any USA tech stock has outperformed in 2024.

You could spin a roulette wheel of US tech stocks and plonk a load on what it landed on and almost certainly do better than any UK stock. (bar a select few like RR)

I fell for these boards in my early days. If even a couple of people read these comments and don't make mistakes I did that works for me.

General interest in psychology of these boards.

Making sure I don't get tempted by any UK shares again from following hype generated here.

Since giving up on the UK my isa is performing so so much better than it ever did.

Coming here and seeing people say over and over again "this will 2x this year".. Just keeps me nice and grounded.

And maybe someone will see this comment and save themselves a bit of cash!

Yeah 450 was a great price point to sell. It'll drift down now until news comes out. Good or bad!

General macro UK news isn't looking good. So I still have no confidence in UK shares

You're right it's worse than that. It's mostly under 400 for the last year!

"The only thing" .. Should read "then"

Not sure where that came from!

Asos is so predictable.

It bumbles around 350. The only thing jumps to 420-450. The retreats down.

Probably good for the more "trader" types.

Investing? Not so much.