Member Info for big-blue

patience
/'pe??(?)ns/

noun
noun: patience

1.
the capacity to accept or tolerate delay, problems, or suffering without becoming annoyed or anxious.

lol, I fail!

Well, my mid-term was always 250 by April and 300 by year end (I note adverts for the Christmas fairs have already gone out on Jet2 for example). I gave up day trading but it is an addictive sport and with the bathroom refit the temptation to start covering the cost and end up with a free bathroom is irresistible. The pandemic and lock down has presented an unparalleled opportunity to buy-in to stocks that normally only ever drift around a few percent over months, neigh years, but during the recovery have the potential to bounce back as quickly as they fell. That is why I jumped into the fire pit once more. I am currently locked in a few percent down on Jet2, and locked in a hefty 12%ish on RTN. For me, I just sit it out. The unique aspect of the current market of stocks depleted by lockdown is the probability of a return is very high. But there has to be realistic expectations as to where the 'return' level will be. For RR, which many are in and I may be in again at some point, I remark about where it was in reality pre-pandemic - I would say a return level of say 155. For IAG, would a level of 75% be a reasonable return point I ask myself? So I give a return level of 300. For RTN - my gamble is there will be a repeat of the eat out scheme or some such help to restart the restaurant sector, my target there is in the 137 region. Jet2, when there are actual holiday makers seen disembarking, maybe 1500 tops? I have only been allowed to play with limited funds and since I do not love my stocks and I am a debased greedy bastard, I will dump and switch to any one of a range of possible alternatives. It is why I did leave IAG as I saw potential elsewhere. I'm pretty sure I will do it again. If you are buying to hold I recommend you then turn off your computer, use your app for a critical alert should your stock begin to crash and then read the complete works of Shakespeare, War and Peace, all Famous Five and Secret Seven, then write screen plays for all the Famous Five and Secret Seven, post the manuscripts off to Holywood and fly over to pick up your Oscars in a couple of years.

Simples!

Fund % Short Change Date Changed
Covalis Capital LLP 0.51 0.00% 3 Mar 2021
Citadel Europe LLP 0.68 -0.05% 1 Mar 2021

As ever, never wear the rose tinted glasses when getting involved with day trading. It isn't a case of 'I told you so', the present pull back isn't particularly large wrt to what was a 'spike'. Critically the question is why another institution would open a short position? They could be wrong, just speculating, but it is wise to be aware and be ready with some sort of alert system.

I have investing.com app on my phone which I can set an alarm for price thresholds - I've used a range of others in the past which either stopped giving live prices or became power hungry. I have iWeb share dealing account on the browser speed dial. I have been able to react rapidly to sell off in the Swiss mountains, Polish train stations, casinos in Vegas and even taking the sun in Phuket on the beach. For the newbies, download investing.com - it currently shows live prices - other posters may recommend alternatives. Practise logging on to your dealing account whilst in the supermarket, pull over into a parking space, on the bus, walking the dog. Practise. Some of us are lucky enough not to have to go out and do 9-5 and can be near our home computers whenever we want. But I still have the app set up in case something happens whilst I'm filling the trolley with tins of baked beans!
I do not use stops or limit orders or any of the rest. The reason is because every now and then the sp will very briefly spike up or [mainly] down by very big margins and your stop will be triggered when you really didn't want it to be. I am not aware of a trading platform which has a time variable to filter out spikes - maybe somebody knows of such a facility on another platform. The other problem I have with orders is when triggered under normal market conditions, the order is not filled at that price, it is sent off for a negotiation. Your sell (or buy) is sent to a queue. By the time your order is being processed, 10,000 sells have been processed ahead of you and each one has driven the price down further. What you end up with can be dramatically different from what you set the order target and you have no control over it. That is why I do it manually, lost 60%ish on one stop where the price movement had been a slow couple of percent decline - lesson learned. Hence the mobile set up.
Hope that helps.

This place has the distinct aroma of slippery greasy rampers. Some of those obtuse posts against me because I warn to be cautious make more sense now.

I'm feeling a little concern for some of you - it is quite clear you are getting a little carried away and are not seeing the wood for the trees. It is really fab and great and brilliant to hold a share that never stops going up in value. But always be your own worst critic and keep a sense of proportion. Subliminal ramping going on here, I notice the 'ganging up' on one or two posters. You are to feel like you are aligned and comfortable encompassed under their wing, one of them, in your corner, accepted not rejected. If you are comfortable with that then great. If you are in for the long term, then what are you doing looking in on this board? Why are you nervous about small changes up and down if you are really only invested for the medium term? True to thyn own self? I've seen it all before many times. Be your own boss with these people around. If you're intent on holding then do just that and remove distractions like this and other discussion boards.

I believe I have said exactly the same thing before holding RR, during holding RR and post holding RR. Indeed, the same as I do with every share. I note I am increasingly being accused of ramping this or that when I am not actually holding, deramping when I am holding and various combinations or contradictions in-between. I don't do the echo chamber, I don't do the selfish filter. I am constantly telling myself the good reason to be in whatever share and at the same time warning myself about what might go wrong. All based on a lot of experience. It is a discussion with pros and cons for a share. I only started posting what positions I have to avoid finger wagging about calling it after the event. Specifically to avoid assumptions and, god forbid anybody following me, I give just enough info to avoid the finger wagging. Perhaps I shall only give my opinions which many find as useful food for thought, insights that load either one side or the other of people's inner mass balance on a stock. But above all else, I am never so proud as to stick to my guns on a point when a new thought, perspective or information comes along. Lessons learned, I have to be prepared to about face in moments when short term trading. Never fall in love with your share. Here today gone tomorrow and with a little luck another 5% profit - to spend on a new towel heater perhaps, which is my next target.

Careful with RR, although I have a watch on it, read around the news releases just before pre-covid. The defence and power/nuclear side is good but there was pressure on the engine sector and I understand that despite apparently gearing up for servicing engines that have laid dormant for months on end, the two week closure in the next month or so in engines is still going ahead!!! I have contacts there but they are doing very well on the sp as they bought at a significant discount as employees. There is potential for some upside, but realistically I wouldn't estimate the sp much better than around Jan/Feb 2020 before lockdown.

****! Do we have to watch our ****ing language now there is a 'lady' reading? Or does she wear hob nail boots with 15 facial piercings (and then the rest!).

Only advise, 'luv', stay away from the penny very low volume AIM stocks. Maybe worth a 1-2% punt of your wealth but only ever regard those stocks as a lottery ticket where you will not get your money back unless you 'win'. I had to wait many, many years for a large stake in JLP to suddenly turn round. 99.999% don't!

" I can only assume people that have been out of the party are a bit jealous of the ones who have done well"

Classic willy waving. Jealous? If pis regard this as some sort of competition, then you will lose by default. Whatever another made or lost, it is what YOUR shares do that is the only important thing. Ignore the willy wavers running round the playground trying to make you feel insignificant and subordinate to them. Most of the time the willy wavers never made the trade they say and usually are revealed to have lost big.

Shall we all go to Cyprus? Wasn't impressed with the scuba diving there and if you take a wrong turn and cross into the buffer zone you are still at risk of being shot on sight! IAG still hovering - not sure what pis are waiting for as the most significant next news is April 12th - and the vacc passport debate has been

Oh, yes, the sp is ahead of itself. But do remember this is being traded as a dumb share, it doesn't actually matter what the business does, what sector it is in or what the real world prospects are. It is auto traded - iis have skin in the game so volume exists which can create sp movements of a short space in time. It has piles of cash so the liquidation risk is very low so pis can chance their hand throwing chunks of cash in. It is related to rolling news headlines so there will be a large pool of numpties ready to have their cash separated from themselves. There are visions of pots of gold based on ephemeral share graph to be chased.

I have warned for a good few days that this is going to turn at some point, how big the drop remains to be seen. There are many stops that will be triggered and of course, those famous city traders will take profits to cover the loss of divs for their investment funds and pension funds. Night follows day.

This will remain on the news agenda up to summer, so this will be traded to hell and back - time the waves falling on the beach correctly and you will make a considerable mark-up. Get it wrong and you will be parted with your cash quickly. I'm lucky, I got some return for dabbling in this paying for part of the bathroom refit. However, I'm now locked in else where with Jet2 and RTN but I am the sort of investor that shrugs shoulders and just sits on it for however long it takes.

Just to be clear, I only signed yes in order to receive email alerts as to the formal response.

Reading between the lines, the official response talks about internal use of a vacc passport. That has never been on the agenda as far as I can see. The application of the passport for overseas travel isn't even mentioned. It looks like the aim is to keep internal and travel vacc passport separated so the debate will not interfere with travel vacc passports. That is my understanding. That will leave the Gove review free to adopt any and all of the travel vacc passports as they emerge.

The Government has responded to the petition you signed – “Do not rollout Covid-19 vaccine passports”.

Government responded:

The Government is reviewing whether COVID-status certificates could play a role in reopening parts of our economy, reducing restrictions on social contact and improving safety.

The Government is reviewing whether COVID-status certificates could play a role in reopening parts of our economy, reducing restrictions on social contact and improving safety.

As set out in the roadmap by the Prime Minister, this review will include assessing to what extent certification would be effective in reducing risk, and the potential uses to enable access to settings or a relaxation of COVID-Secure mitigations. The Government will also consider the ethical, equalities, privacy, legal and operational aspects of this approach and what limits, if any, should be placed on organisations using certification. It will draw on external advice to develop recommendations that take into account any social and economic impacts, and implications for disproportionately impacted groups and individuals’ privacy and security. The Government will set out its conclusions in advance of Step 4 in order to inform the safe reopening of society and the economy.

As the Prime Minister has said, there are complex ethical issues - and we can't discriminate against people who, for whatever reason, haven't had a vaccine.

Cabinet Office

Click this link to view the response online:

https://petition.parliament.uk/petitions/569957?reveal_response=yes

'Ned', flattery gets you everywhere with me.

04-Mar-21 16:35:21 216.20 2,821,981 Buy* 215.80 216.00 6m UT

Think this may have had a lot to do with supporting the price in the afternoon. With pi interest drying up fearing it is at the top, lot of shares to clear so price raised. I will predict a further drop tomorrow in the 5-7% region.

Inevitably topped out, whether this part of a U-turn and retrace is difficult to say. iis may decide they have milked the pis as much as they can and it is time for the big profit take. Was a nervous morning playing with it, but I banked a bob or two and have a shiny new crapper on order!

Where does all this go next? Well there is the big vacc passport news, a common system which is bouncing around in the background. There is a lot of competition and I think the UK with its far off April 12th review date will end up being bounced into a system introduced earlier form elsewhere (you know who) which will be riddled with problems having been designed by committee with every bodies little preferences built in.

So the big binary vacc passport 'moment' which I've been looking for since January is probably not going to happen. I think there is trading sentiment rather business logic that will get behind further peaks, so this might be a 5-10% day trader with only very long term prospects, i.e. 300 by end of year.

These sorts of bubbles often burst. Still, I'm waving my willy all over the place as I surfed the wave well twice today. :)

Sunsurfer, go and buy 7% of Restaurant Group, help out my breakeven sp a bit - thanks.

I was in and then out of CINE and not looking to reenter, I'm locked in elsewhere and have banked new towels and a new bog for the new bathroom so far this week. Best to sit back for me and let the locked in shares recover. Might jump into IAG at random though depending on when resources are released - hoping to release part of RTN at a loss which can be recovered by the remaining stake to take advantage of IAG which appears to hovering nervously at the moment.

I'm looking at jet2, been on a decline, will it turn on vacc debate?

To tempting, took profits, new bog paid for though :)