RE: Weekend podcast5 Oct 2019 12:55
I actually don`t think his record is that good either, most of the % gains he shows on his videos are Bidstack and the snake in the grass dupe when he banked his Dish profits, without those two he wouldn`t be shouting about his performance as loud.
He was two years late recognising that gold was a good choice commodity, and recently I had a `chat` with him on twit because he kept banging the drum for Bitcoin saying it was going higher...this is going higher! It was like blind conviction, he was absolutely convinced.
I said to him `Hmmm, wouldn`t buy it now, chart looks like a decending triangle..lower highs and a flat bottom at $9100 suggests lows are being tested and any move higher is getting sold in to at a lower level (falling trend line). He bet me £1 that it would trade at $1100 in the next 6 months!! The price at the time had an intra day high of $10900! and closed at about $10300, so not exactly sticking his neck out considering how much shouting he was doing.
Anyway, we all know what happened next, it seemed more obvious to me that it was heading lower than higher, but he said that a decending triangle can be bullish as well.
Not generally it isn`t, no more than an ascending triangle is bearish.
So I find that he is all over the place, some of his other `tips` have also gone backwards...SKIN, NFX, ANIC, BITCOIN, XSG, SSTY (Safestay) he keeps saying that the NAV of SSTY is higher than the shareprice values it, but what he isn`t addressing is that they have bought hotels but won`t have them fitted out and ready for revenue for up to 18 months...so the market is thinking well we`ll wait then, and invest elsewhere until the sp starts to move strongly.
Medium credit for finding good early days companies that have high potential, but some of his moves overall are strange, and no better than any other trader, because thats what he is.
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