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RIPLEY filtronics I was lucky as I took all my initial stake out at 29p leaving only profit. It had tripled for me. It looked strong so I started adding again but the bad news took it down fast. I added at 9p and again at under 6. As it stands now I am 7% down.The recent PXS was never an investment hence £200. You wouldn't invest that little with broker charges and spread as a viable investment. However as a datum or an instrument to keep me focused as a check for my trading it's proving useful.I am down approximately 50% and genuinely do not expect to see anything back. However if £200 stops me making similar mistakes I made with pxs then to my way of thinking its money well spent!!
Alfista - you're right I am not staying around here - why would I - but I'll keep my measly 48000 shares and watch to see what happens! It is my sincere hope PXS proves me completely wrong - Should they start posting a profit I'll fill my boots! But historically and realistically it is unlikely IMO. I for one cannot stay and watch the next winning agenda of PXS
The problem is - it always seems plausible until the share price drops some more and the majority of people lose money!
But just for the record - at the moment I am trading. Kainos, McCarthyStone, Dignity, Greencore, Coral Products (nice sector lift today) Totally (this one is a complete gamble) Filtronics and the absolute joker PXS. I usually, have more stock but thinned out when the UK market seemed to have no strength left last Sept/October. I also periodically short the FTSE as a hedge.
I am using PXS to remind me when researching that plausible and optimistic are not the ingredients needed to make a profit and also to GET OUT QUICK and don't stay in based on sentiment for 'next week' next month, next year!
Good luck to all - DYOR
Alfista ---- was it not one of the world's largest consumer market 10 years ago? Was not FFlow backed and endorsed by EU legislation years ago? I agree entirely with what you say. However, to me, it sadly only eliminates the positives whilst highlighting - NO shining a monster beam on the problem and metaphorically I would suggest you look at the rabbits caught in the headlights!!
Alfista - I don't make a small fortune - 10-20% gain is hardly a small fortune - a nice steady gain which I mostly take out every year (that above the inflation rate). I don't have the luxury to leave it compounding.
I recognise I must seem negative with PXS but believing in a great product alone profit does not make!
Alfista - I don't make a small fortune - 10-20% gain is hardly a small fortune - a nice steady gain which I mostly take out every year (that above the inflation rate). I don't have the luxury to leave it compounding.
I recognise I must seem negative with PXS but believing in a great product alone profit does not make!
Ripley yeah FTC was a profit-making PLC when I bought and got a right kick in the nuts over some 5g antenna orders! However, the management is reacting and repositioning themselves in a proactive way - so I stuck with them! It's funny but I rarely post and hardly ever on shares that are doing well! (although I was lucky with FTC)
PS Ripley I sold both SiS and PXS at the same time for a huge loss ( percentage wise) - couldn't take the false optimism anymore! As said before recently bought £200 worth for 4p -- Just to see if they could surprise me and go up - but no! I think PXS is an acronym for Permanently eXastperating Someone!
Last 5 years I trade usually 50-100 times a year (various PLCs and average somewhere between 10-20 percent gain/ profit.
I have been caught several times by a variety of different companies but never so consistently as PXS. The dualism between an exceptional product and the company's non-ability to get it sold has been exemplary insomuch as like the barrister who refers to a landmark case as a reference point - Many I am sure will refer to PXS as the benchmark for financial disaster! IMO
Ripley I truly wish you every luck with these but I fear you should get out on next euphoric spike! But then again what do I know!!!!
I have come to hate this company! --- back when I started trading it 2009-10... Oh it was going to take the world by storm!! Don't get me wrong a great discovery and product. These are but a few of some of things I have heard;
Big companies like Coca Cola are interested in it!
Now we have EU endorsement the share price will fly
The share price is at its lowest ever (laughing well it will be more often than not when it continues to go lower)
Be patient Fruit flow sales will go through the roof!
Management has it all under control!
They need to raise money to expand.
The company will be in profit this time next year --- this one seems to repeat yearly!
In my portfolio, I keep £200 (well it was) of PXS shares to remind me what a mismanaged company can do with a world-changing product! It also encourages me to only invest in profitable companies!
Please, to anyone looking at buying into Pxs because 'what might become' Take a look at their track record, say the past 10 years. That
should be a good reality check for the most hopeful!!!
DYOR
It's a sad fact that this company has a wonderful 'product' but they couldn't market water to desert dwellers!! After several years watching and buying in 4 times now I have to conclude there will be NO turnaround for this company just an abysmal decline into oblivion if history is anything to go by!I shall continue to watch the pitiful efforts of this company in the hope that FF gets sold to a more creative and motivated PLC. However, that seems unlikely!Good luck to all DYOR