Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have to admit like antofelli I don't belive in averaging down as a strategy, but it is only when there is a strong established downward trend (such as when G and S were running things) that it is clear that it is a poor stragergy.
Things are differnt now. If anyone is thinking of averaging down I would suggest considering the opportunity cost first and then consider consider the risk itself. I am quite happy to buy on dips and averaging down would just be a an incidental benefit to exploiting an opportunity. Don't rush any decisions. Gla
OB, don't rise to it. "Drip drip, the share price is getting there." well I suppose antofelli is just hoping for a better buy in price.
Personally I don't think ramping or deramping has any meaningful effect on sp (although it may influence trading decisions).
What will be will be, so don't worry about any poster xxxx talking.
We haven't done well this week and in fact we have 6 consecutive down days. Doesn't fill me with much joy, but it's not like sp has dropped that much in the last couple of weeks. I am still just holding tight for now. If it goes down I will just top up.
3rd consecutive day of a total Sclp bloodbath :(
We have been doing so well this year.
If we reached 30p I would have broken even.
Oh well, hopefully this is just a short term issue. I don't have the desire to average down, but this could be a buying opportunity for those braver than me.
Gla
Hi vicjain, totally respect your choice and your no nonsense approach to investing, not to mention your welcome honesty about having sold out of VAL.
Personally I don't think this will go much lower, but it's not certain at what ponit this might start moving up again.
I also agree the view that a 201 update won't be arriving till well into December at the earliest.
If you sold out at a profit I wouldn't worry about missing the boat, you have achieved what we are all trying to do (make a profit) and you have sensibly considered the opportunity cost of holding against what you want to achieve with your funds. (only a fool reproaches themselves for not doubling the stakes after they win a gamble.)
Spiros.C, good ponit about Rolls Royce. Not one I am looking at myself (too complex a business for me). Volitility on AIM isn't unexpected, but it is exciting/disconcerting in a company as big and established as Rolls Royce!
Well let's see what today brings. Hopefully the ftse will retain its value and perhaps some of lossers from yesterday see something of a recovery.
(I took an unexpected hit on BOO yesterday, funny how the prospect of going back to physical shops could have such a dramatic effect on online retailers, possible over eaction?)
I have been relatively happy to beholding boo, been thinking long term gains.
A whiff of a covid-19 vaccine and suddenly boo drops! Really? Online retailers suddenly no good?
I suspect it is an over reaction, but not feeling happy right now.
Seriously weird day. Looks like I have broken even with dge, looking better at TW and HL. Nice day for my Lloy and NWG.
I know biotech has been doing well on days when the ftse is doing bad, but got to admit I am surprised by the poor performance of biotech today. All the companies I see tipped, SNG, SAR, VAL and SCLP have taken a kicking today. The only exception is RENE. I hold GSK, but the rise on that is nothing to write home about compared to other ftse stocks today.
Wonder what tomorrow is going to bring, I also got to admit to being clueless about what happened today. The only thing of any note seems to be possible viable covid vaccine from Pfizer
Iceman, I think it might be a little early to call, but I agree if see 28p this week (and it can be sustained) it would indicate a breakout, or at the very least a cause for optimism.
As always I recommend caution, if we don't see 28p today it's not a disaster and don't buy on fomo. Sure we all want to call bottom, but if there is real quality here getting in at 25 or 30 will not matter in the long run. As buffet puts it “Price is what you pay. Value is what you get.”
The result will be what it is, so not much ponit worrying now.
Although not sure of what to make of the orange buffoon claiming that he has won whilst also claiming voter fraud and threating to go to the supreme Court; other than that he is an fruitloon.
Noise, just had a play with that calculator.
If I just consider my original investment from 2012, then I am 99.77% down.
However when Iook at my investments from this year things look rosier.
What a brilliant little calculator, have fun touturing yourselves as you second guess your investment decisions lol.
It's nice that it exists, but don't get too hung up on it.
Can't belive buys and sells are so close. The recent low was about 22p, I can't belive that selling at 24p is worth it, but I suppose its a 9% gain before costs. Perhaps it's just people who are thinking about the opportunity costs of not putting thier money somewhere else?
Not sure that's possible with a UK population of 68mil.
That said I wish the government used the original 3 month lock down to do some serious testing.
I find it hard to resist the temptation to vent spleen at the government and Bojo in particular, but little comes of venting spleen.
Hopefully testing will be ramped up seriously next week. I think if we could just cleanse a part of the UK of covid by testing and isolating, it might give some confidence there is a way out of this.
I think this is just a quiet period. People seem to have taken thier positions and now it's time to sit back and wait and see how things play out.
Personally this calm period has given me enough time to get the funds together to top up.
Also it's nice to have a nice calm board without all the ramping hype, allows for more evaluative posts to get the attention they deserve and not getting lost in the noise. Gla
https://www.express.co.uk/news/world/1354506/us-election-2020-donald-trump-win-poll-democracy-institute-joe-biden-swing-states/amp
I don't think the concept of a shy Trump supporter is any less surprising than a shy Tory over here.
We have survived 4 years of the orange bafoon, so I think we will survive 4 more.
It may also prove to be the better result for the UK in light of minimal effort by the UK government to build any relationship with the Biden camp and it will give us so wiggle room in resolving Brexit
Mark Kemode makes me chuckle. I do find him thought provoking though. I totally disagree with his interpretation of the end of the 1978 Superman film. I was quite impressed how he could completely miss the ponit :)
I think Jenny's ponit about TA is the right attitude, it is more reliable when traditional market forces apply and "market manipulation" and the unexpected are not so significant factors. I use TA as a way to manage risk more than anything. The purpose however is in the name, Trading Analysis, i.e. it's a tool for trading rather than investing. There is nothing wrong with being a trader, we are all here to make money after all, but the invester is not looking for a quick buck, they are looking to reap rewards from holding shares over the long term as the company grows and releases the potential the invester spotted. I freely admit I fall into the trader camp as far as Val goes, but my more recent purchases are long term holdings.
Wow you're bouyed up Iceman! You on the cough syrup? Lol
On a serious note though I think Suzy handles the reigns with a lot more competence.
However at the most fudimental level success for Suzy and for all of us is having something of quality to sell.
The reassuring thing about having a competent CEO is that they have the skils to ensure that the quality in the company does not go to waste. Gla
Looking back over the charts we have not had 4 consecutive down days in recent times.
The last time we had 3 down days that was not followed by a rise was 20/8/20 which was followed by a doji (open and close price the same and an indication of indecision in the market ) and which itself followed by another down day on 22/8/20.
Could be interesting to see what happens today, the recent pattern would indicate this would be a blue day, but this is hardly a scientific approach. (oh BTW I am not predicting a big rise, more an rise sufficient to demonstrate that a resistance level has been tested this week) Gla.