RE: Take the Plunge23 Feb 2018 16:56
Now we're talking! Lets not compare apples with pears.
1) The first one was our short term rebound speculation last year September which indicated a swift rise to 900ish, and in case 950p is surpassed, then a rise to 1100 and 1200. Only in the short term! Nothing more, nothing less.
2) The second thing is the attempt to calculate if the company itself manages to recover; if they can stabilize quickly and even grow again, or to fall further?
Conclusion:
- Early birds turned a huge profit last summer during the rebound from 400ish or 500ish to as high as 900ish. Most of them were not even professional traders.
- Those who popped up last September claiming that PFG is going down and nothing but down within a few weeks of time, those people have been wrong. PFG did not sink that way, and anyone of us early birds could have easily sold as from 880 and 850p down.
Please allow me to ask what is your interpretation of small punt? Is it two or three K's? Will you stay invested even when PFG sinks?
Me, being a mid sized pro-trader, a small punt means 3 - 5k.
And a decent shareholding mens between 25 - 50k
And the maximum I am doing is to buy 3 x 30k or 3 x 50k chunks. That is what I am ready to handover to a PLC.
The same when I work with leverage / spread bets.
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'This 6.55 GBP should be the bottom. I only bought a very small punt now. I am prepared to hold for a very long time.' Fastfood