Member Info for HarChris

You should listen to Tiger16, he is fantastic trader, never got a prediction wrong, 100%, flawless record, no one quite like him.

Perhaps if they hadn't boasted of their gains daily the opposite wouldn't occur with their losses.

Vanadium may be abundant in the earth's core but physical vanadium from primary processing plants is not a common product, there are only three producers in the world. If demand for vanadium increases to such a degree that new producers come onstream that is great for us as we have a massive headstart already.

To say BMN are late to the party is ridiculous.

From what I remember due to peoplepower repeating it weekly on this board, they bought 350000 shares in 2015 and never sold (up until at least June 2021) so was holding £1.2m+ at one point last year. They had claimed they had done their due diligence and would be holding for at least 3-5 years...

So how much is your holding now? £400k? Less?

No I think it's fair to say until now BTC has gone in one direction and one direction only - upwards. Sure it's failed twice to push on to $100k when the whole bitcoin space was screaming it from the rooftops but the historical yoy returns are still enormous.

We're in new territory now however and what happens next is all that's relevant. Will it prove over time to be hedge against inflation? No one knows yet but that's how you make /money, you place your bets and take your chances.

Personally I don't believe it will and I don't think we'll ever see bitcoin rising relatively smoothly ahead of inflation. Counter to the whole wall of money, institutions about to drive this to the moon type theories I personally feel bitcoin needs a prolonged period in the doldrums again if it's to rise like a phoenix smashing ATHs and pushing on beyond $100k. A year of sideways movement between $20k and $40k with all the new institutional interest on the sidelines could be quite interesting and lead to the sort of 1000% rises we have previously seen.

I found it hard not to get a bit of FOMO when he predicted 250k bitcoin and 40k ETH for mid 2022.

It's that tendency to put out short term predictions like he does which makes me question how genuine he really is - he knows how much the cryptosphere currently relies on belief that price will move up and he has huge influence... his wild predictions are an attempt to stimulate excitement and drive those price rises.

Call it wrong too many times in a row and that influence will quickly erode away.

Raoul's eternal bullishness is starting to wear a little thin with me. On Dec 2nd with ETH at $4500 he predicted it to finish the year closer to $15000 than $10000 - it's now $3900 so let's see it more than treble in 12 days Raoul!

https://www.youtube.com/watch?v=gnRqIDdjA78

More than anything I'm interested to see if he puts his hands up and admits how wrong he keeps getting it or whether he waffles some excuses and restates his targets for March, for June, for end of 2022 etc.

My word after doubling down between 97-99p I've now closed my trades - s*** scary doing that and not the most sensible thing to do but hey ho!

Ciao for now, hope you all return to profit soon!

Strange that you closed your supposed short at a pound then.

Well put it another way then, wouldn't it be better in such an environment to hold off with their price targets until an upcoming trading update that will reveal the full picture?

Well at least as a holder you must feel this is overdone or you're just a bad gambler that won't cut your losses.

Not my point. Many of us saw this coming, if broker forecasts fail to take in to account obvious potential risks and headwinds facing a company/sector and mindlessly throw out a £4 target a week before revising it down to £1.35 that shows a lack of intelligence in my opinion. Robotic analysis perhaps.

If the poor results and margin downgrade came as a major shock then I'd agree with you.

Now with all the information out there regarding increased freight costs etc and expected margin hit they had been significantly lowering their targets prior to the update I would think them more credible.

It doesn't help Dan, I think what you just wrote is rubbish.

If the issues highlighted in yesterday's update were previously unknown I would accept that, but they were known. Sure results were a bit uglier than expected but cutting targets by 2/3rds ugly?

Nah.

'I'm not even tempted at this and I have £500k liquid.'

https://www.youtube.com/watch?v=H8OxKx6zKkQ

More than anything the Telegraph is traditional and conservative, this sort of business is not up their alley.

Expecting one more attempt at a quid and then a little bounce, even if temporary.

Fun for a bit of trading, patience needed to make one's money back.

Not only by 2/3rds but their 395p target was only published last week - if true they lose all credibility.

You're right, many have got this VERY wrong. I waited and waited and waited and then first bought in at 155p and it turned quickly to s*** ! I thought i'd done well haha

But there does become a point where a debt-free profitable company in a fast growing space becomes too cheap and rebounds sharply. Now we don't know if 105p was the bottom or we are still to go lower but at some point it will start to recover and many like me are willing to take that chance down here.

And that just about sums it up - i've seen five or six comparisons to cineworld today. Now I'm no big fan of boohoo and have never felt comfortable holding for very long but to compare these reduced margins and profits to cineworld, a company that took a £1.95b loss last year, a company with net debt of £6.1b that only saw profits in the region of £100m at the best of times...

And guess what, at one point in 2021 cineworld's market cap was higher than what boohoo is at today!