The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Think we could see 154 today.
Downgrades + whizz don't appear to be able to shake the price so there is obviously some resistance to selling.
It appeared there was an anomaly last night after close where the price was 153.5 so that will be a one off trade that was processed late, but the close registered as 153.5 on my trading platform and a few others. I've seen that before and it usually bodes well for the next day.
Good luck all.
Lol at Arthur apparently not understanding how investing and trading works. When I was in the game I lost track of all the tranches I bought, but my average was good when i sold the whole thing. The general idea is to buy more tranches low and sell more high. With the price currently near its lows its just too tempting not to get back in, safe in the knowledge that it will at least hit 160 again in the next few months. At which point my deposit would have gain way more than any savings or isa.
House purchase is delayed by 6 months. I've transferred the deposit back into the trading account and seriously considering getting back in after the weekend. As grim as it is, the warmongering has helped bring this back down. But I think mutually assured destruction means there will be a complex mesh of proxy wars overt the next 6 months. Crucially , China will sit it out because they are on the precipice of a serious financial collapse and any all out war will tip them over. My finger is on the trigger on Monday to but if we see any kind of retrace to 141. It won't go past 138. So the only way is up and anothe opportunity to grow the deposit. Risky but have been doing it for years.
Tempted to get back in at these levels.
Hope everyone is doing OK. Might wait for 138. I think the markets are collectively reacting to pending war, despite the more upfront inflation and interest rate issues being present. Markets are getting battered all over the spectrum. Friend of mine put into Blink Charging in the US a couple of months ago and has halved his money in two months. Feel really bad for him.
Good luck all!! Merry Christmas. Hope you do better in the new year! I really do think it is overdue a 20pence + rise likely in Jan.
I was forced to sell to prove deposit funds for a mortgage application. But I genuinely didn't want to get out and miss the potential profits that are due. Have been watching the sp like a hawk for 3 years so I tend to open it up on a browser just out of habit now. I hope that all of you who are down see some better prices next year and all the LTH get to see some rewards in the new year. Good luck all.
Wow, cant believe I'm saying this but I may have to sell my paltry sum tomorrow a bit early. My estate agent is trying to help me with a bargain property and I need to make an offer, but need proof of the sum in cleared savings. Its exciting but also a bit annoying because i know the price is going up by another 20p in the next few weeks.
Seems like we heading back to 160. The fact that we are slowly clawing back some of the gains with average volumes seems positive. Most days are around 3000- 4000 trades. Not big numbers, but also not small for this share. It looks like a tiny little cup and handle for nov/dec. Not sure these things can be relevant in such short timeframes but interesting to see.
Weird logic. RR has already seen most of its potential upside. Investing now would be bonkers. It's a great long term bet now, but not for short term.
IAG is long overdue an uptick. Selling it now would be bonkers. Should have sold when it was 160 or the previous years 170.
The combination of selling iag right now while it is low and going to buy RR at historical highs seems like a double whammy of not clever. It made sense a couple of months ago but now , not so much.
If we get into the 140s it will be time to get back in for me. On the last dip to 143 I borrowed £10k on a credit card for 5% pa , bought at 146 and then sold around 159.9 - in about a month I made about £1k and paid off the debt. I wonder if I can repeat that but this time with £11k? That would just be too good. Probably not. But I cann dream. If it goes south - I service the debt , paying off ungodly sums and eating home made flapjacks and chilli con carne everyday at work to offset the payments. Weirdly, it seems to work. Then, when the price recovers I sell again. The while time I have a £25- 30k pot in that just keeps fluctuating up and down and insures that if it really all goes south I can still pay everything back.
This share has not stayed still for the last 4 years. The one constant, up or down is that it has always been moving. It's a literal golden goose to anyone who can hold still for 6 months. I'm heavily invested so never fun to see it slide but I am ready and waiting. If it gets to 146 that's the new buy.
I do think there is an element of theatre at play here tbh. Part of the reason of imposing these controls is to dent general optimism just long enough for inflation to cool off. Its no good keeping rates high if everyone is still betting on them going down. You have to make the proles believe they are in for a rough time, so they stop buying and investing. You want the 'right' people to make money not the proles. I do definitely think they have overstated the length if time it will take. After all, under promise and over deliver.