Happyin the quite pleasant position of having sold by chance on limit around 45% of my AAU. at 2.535 and significant profit but still in the game with all to play for. If it happens to drop back I will buy more but after todays bizarre switcharound of share price direction, I am suggesting onwards and upwards.
'Personally I do not think this is any kind of retrace , its a bit of profit taking and the market taking advantage of Boris hinting at a no deal Brexit as a negotiating ploy. BDEV is up £1 since this time last month and will probably be up another £1 by next , happy days'
Perhaps retrace was the wrong choice of word but 4% drop 'just like that' a buying opportunity which I hope you took advantage of Sunset. Have been cutting my 15 foot high laurel hedge all day so missed the fun but as the price has risen substantially over the day just another Brexit panic perhaps. LLoyds down similarly earlier - not even checked that yet.
A profit is a profit sunset and crystalizing that is never a bad idea. I am sticking for the moment as mindful that there could be continued inertia with the SP. Chance of volatility and a drop but not a problem for me when we are talking profit made in minutes. Where are you looking to reinvest, missed Tullow?
What happened to St. Lucia? Just looking at Nige's charts. It certainly appears that Builders shares don't rally at this time of year. I think tradition still has it that the industry grinds to a halt for about three weeks? Could be wrong with the modern money grabbing world of contractors flying around the place to make their fortune though.
'But not jealous. I collected a bag of money the other day, so can't really harp at your little piece of accidental luck. The weather in St Lucia this time of year is very inviting... But...' I live in South Devon - can't be bothered with all that flying nonsense but if it turns you on get over there and enjoy yourself!
Given the current situation and the number of negative posts since the big drop and SFO interest, why are there no short positions declared? Perhaps a bit too cold for shorts at the moment. Anyhoo from my point of view as a holder and purchaser of more shares yesterday at £2.20, would welcome some proof that there is tangible reward and indeed any constructive point to the negative posts.
Struggling with LSE last couple of days - very unstable. Yes please Nige - I will be in touch.
Nice thought Taver but my advice is keep your builders shares. I've held AV. and formerly NU for donkeys and now hold too many of these. Great dividends but share has been out of favour with market for over 10 years now. Check out the 30 year+ chart on interactive investor. Back in the day when the iii forum was the place for share chat various of us predicted AV. recovery from time to time over the years - it never happened.
Thank you Nige. Will discount TW and consider PSN or RDW as the other options then. Unfortunately the actual share price influences me to some degree - somewhere around the TW mark far more entertaining to watch than overblown PSN. Trading not as brutal as shorting but a compromise. I have needed to trade my best shares to try and make up for some losses on the munters of which there are way too many. Recent trades on BDEV have not made me very much. Sold at £6.35 and £6.95(one missed £6.95) and back in at £6.50 and £6.57. Very small profit really but very happy considering the position of the share price now and additional comfort with my overweight position restored. It could be a rocky ride but general intention is to stick. ATB
I was mindful of Nige's advice and looking to get back in. Just needed the market drop as a contrarian prompt. Dropped way further than I though it would to 2 month lows, ironically initially resisted by BDEV. We both did OK but even on the day could have got in at £6.47. Should really also look at another housebuilder but none of them particularly appeal. Perhaps TW if it drops below £1.70. At the moment my other big holding Aviva is doing it's best to offset BDEV. gains. The market hates AV. but look at the dividend payouts for many years.
You like my expression sunburn - did you see what I did there. It worries me that you sold at the right time the other day, not quite £6.95 but still a good price. The chances of you picking the correct moment twice are remote but tempted to join you on a purchase today.