Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was being genuine when I asked the question earlier as I am genuinely interested in EV's, have a small stake in Tesla and would love to be part of an up and coming EV company. The concern I have for SED is the market they are in is saturated by Chinese companies so what is different or special about SED that gives them an edge?
Guys this is my first post here since buying a few SED shares last week so I don't know much about the company but I do know a little about electric motors and am a bit confused at the idea of them selling for £200. Take a look at Alibaba and see what you can buy for £200. If you are lucky a really cheap 1000W ebike motor or maybe a rubbish industrial motor that will fail an a few weeks. I find it difficult to believe that any high quality motor capable of driving a car could be this cheap.
Maybe @TRQS can point me to some of the market info he claims to have.
Not saying it makes sense or not but it's a thing.
https://www.ig.com/uk/trading-strategies/-buy-the-rumour--sell-the-news--explained-190319
I sold out last Friday on what I thought was a high at 240 then watched as it climbed over 300 so I missed the peak but was not totally wrong. My thoughts were that the response to the RNS was a bit lack lustre so I figured something was not quite right and it looks like I was correct. Those really in the know knew today's announcement was coming so held back.
I have just bought back in so hopefully the answer is yes this is a buying opportunity.
In all honesty I don't know but like most here live in hope.
I'm just a minnow hoping to get lucky and avoid the sharks.
JOG has been good to me in the past but has also nearly sunk me so I don't trust it
I'm wary of keeping much money here but still have a couple of £k invested/gambled.
I followed Malcy's bucket list from a few years ago and put all his stock picks into a spreadsheet. Last time I checked the value had fallen by something like 95% with only one company worth more than when he picked them.
VOG was one of his favourites and at the time was worth 78p but after the death of a thousand cuts is now gone and I personally lost over £1.5k on them. This is only one example.
If you value your cash ignore Malcy completely unless you plan to do the opposite of what he says and short all his suggestions.
Sorry guys, yesterdays fall was all my fault and it seems to be continuing today :(
I never expected it to fall so quickly and even had a small limit order to buy before the end of the week at 305. The price was falling so quickly by the time the limit order went through it was 301.
I guess I have to thank X-O for that as other brokers I've used will always trade a limit order at the price you set (When the price is falling) regardless of what price they actually made the trade for.
So I guess now the question is how low will it go?
On Oct 5th the price of JOG had risen above 330 and I posted the following
"We have seen sudden surges followed by slow declines hundreds of times here in JOG. This might be the big one or it might be just another blip.
If I'm wrong then well done all who took the risk and bought more.
If I'm right then soon I'll get my chance to buy more at the price I was comfortable with a few days ago.
You pays yer money...."
Unfortunately I feel we could see the price falling further and all the ridiculous ramping from certain members here will make no difference.
Lots of good points here but how long do you think the Saudi Russia alliance will last? The way things are going the current management in Russia will not be around for much longer and it is even possible Russia could break up into multiple republics all of which will be shouting as loud as possible "It wasn't us! We're innocent so you can buy your oil from us without offending anyone".
My crystal ball isn't performing well enough for me to confirm the likelihood of any of this but the possibility is there.
I've been invested in JOG since 2017. I've seen the price fall from around 240p to 60p overnight basically losing a large chunk of my family savings.
Then miraculously jump to well over 300p just a few days later when I should have sold out because the value gradually slumped back. I did sell enough at the time to cover all losses and my initial investment and have been buying and selling since so that JOG is now my biggest earner and my current investment is up by over 70%.
But the point is many PI's were buying as the price was surging, all of them jumping on the band wagon.
All of the same arguments about better in than out have been made by many posters here over the years and most of them are no longer around having lost a great deal of money by buying at the wrong moment. They held on grimly as the price dropped back, waiting and hoping for the big payback that never came in their time and eventually sold for a huge loss.
I am NOT saying this will happen again here this time but it might. You might make your fortune by buying or you might lose your shirt, it is a gamble and should always be looked at that way.
We have seen sudden surges followed by slow declines hundreds of times here in JOG. This might be the big one or it might be just another blip.
If I'm wrong then well done all who took the risk and bought more.
If I'm right then soon I'll get my chance to buy more at the price I was comfortable with a few days ago.
You pays yer money....
I have no idea if you're right or wrong but just wondered how you can be 100% sure there is no leak.
Having said that, rises like this have happened with JOG many times over the years so I'm usually sceptical myself.
Also a little miffed I didn't click on the 'buy' button yesterday when my finger was hovering over it. :(