Member Info for CaneToad

Indeed. The next week could provide some incredible opportunities. I'm tempted to jump into some of the 'bouncy' coins like DOT, ALGO and ADA. Waiting for a break-out as it could go a lot lower yet...

I think it's all part of the 'risk-off' sentiment. Large parts of the S&P500 have been drifting down for weeks and Tech/Growth stocks are selling off in the US/UK. UK growth stocks (e.g. Boohoo and Asos) have been selling off - massively. Facebook is 20% down from the peak. Alibaba is massively down. Tesla is getting hit. Anybody with a broad equity portfolio will have seen this for the past few weeks.

This does not look normal to me. It's what happens just before a market crash. Hence why I scaled back my crypto a month ago from 15% of my portfolio, back to ~1%. I now have about 2% in crypto after some buys last night and this morning.

Good luck!

Some decent prices for the US/CAD miners; couldn't resist a nibble.

It's significantly dropped below its trading range, with volatility increasing. Not a great sign... I'm guessing that it's due to covid and the nasdaq selloff. Sitting on the sideline now, until the dust settles. On the current fundamentals, I'm still happy to buy more, but will be waiting.

@appletree: yes, the volume is small. It's often small for PERE. Now that MNTO has listed, PERE is a fund which holds shares in a single company. Most people interested in MNTO will buy shares in MNTO directly. Gati (the 'fund manager') has a seat on the MNTO board. A fund does not necessarily soar, just because one of its shares does. It depends on the debt and cost situation of the fund holding the shares... Lots of funds trade at a big discount to NAV. If I was Gati, I'd be thinking about how to buy the whole of PERE and selling the MNTO shares, because until MNTO starts paying dividends, it's hard to see how PERE investors get a return. In order to do that, I'd want the PERE price as low as possible...

FYI: I am an active trader of PERE. I used to have a large position, but bailed once the MNTO listing was announced.

"Big night for BTC incoming."

Not just bitcoin...Nasdaq is in freefall. Happy that my trades are on the short side.

@Chuz: "I'm starting to think that the miners are just very expensive penny shares, thier volatility is worse than most aim listed shares."

Miners are great for trading and if you're really lucky, investing for the long-term. But in my view, it's mostly an act of faith at the moment. Personally, I've made more on defensive stocks and dividends lately than trading speculative stocks. The only thing that has gone up significantly in value for me lately is my Nasdaq put option...

If charts alone were a reliable way of making money, hedge funds would have been using them in algo funds many years ago. Fact: on their own, the make ZERO money.

"Cannot believe, it is heading to 150"

Guys, stocks can reach any level....It's not going to surprise me if it gets to 150p or 140p or any other price. Listen to Peter Lynch when he talks about buying Kaiser!

@London: "Market in general is in panic, I wouldn’t buy any dips yet. Pure panic."

Pure panic is the time when I'm mostly buying...........

'Wine glass with handle and saucer' on the 30-second chart.

Always seems to start around 4pm Friday. No need to shi* yourselves - just telling you. Always been a reliable signal!

@London: "Bearish flag on 15 min chart, target 155p."

Even a stopped clock tells the right time twice a day...

One positive note is that the shorts have fallen significantly. They have been the primary cause of the drops in the past. Now, I think it's suffering like a lot of other stocks.

It's grim - I agree. But it's grim technicals, not grim fundamentals.

According to The Fool, Petra Diamonds was the 5'th most popular UK stock in October 2021:

https://www.fool.co.uk/personal-finance/share-dealing/learn/these-were-the-most-popular-lse-stocks-among-uk-investors-in-october/

I rarely understand the market...

@Pipedreamer: "I you buy any share at 300,200 and 100,the same amount of money each time,you average out at 200."

Unless you're a TA genius (I'm not), you need to 'pyramid' into this type of situation. I.e. start small and grow from there. the biggest amounts are added at the lowest levels - preferably at the time of a break-out off a bottom. If you don't achieve your final position size, that's fine. You've still made money.

@pipedreamer: One of the few books that I've seen to even discuss it as a 'strategy' is 'The Art of Execution' by Lee Freeman-Shor. It's quite controversial. Most of the trading community shun this approach - for good reason.

I'm happy to do it with BOO, because they're debt-free, high quality and what I consider to be exceptionally good value. I'm prepared to hold the shares for years if necessary. If you're going to use this approach, then in my opinion, you need to plan up-front and size the position accordingly. And know the levels at which you might add more *if the situation is unchanged*.

Blindly averaging-down at every 10p is akin to the Martingale Betting Strategy and will almost certainly blow your account.

That's just my opinion. I might be 100% wrong.

@OxfordBull: "Literally nobody cares about this."

You couldn't be more wrong...

@Bythesea: "Been here for about 5 years and about 70% down"

You might find the book 'The Art of Execution' by Lee Freeman-Shor useful.

@OxfordBull: "BH is a growth stock in terms of its development. It’s is still heavily engaged in M&A and even now has a p/e of around 30"

Your P/E figure is a bit off.

12m Forecast Rolling P/E: 15.3

2021: 21.2
TTM: 27.8
2022E: 19

It's hard to argue that a forward P/E of 15 is expensive. On the same measure, Amazon has a P/E of 67.6

This as an exceptional situation:

* Price now back at 2017 levels, but business is much bigger/more profitable
* Price Target: 351.45p (~120% above Price/24 brokers)
* Debt-free/net-cash
* Company will include new brands (Debenhams etc.) in next results

NICE!