RE: Thank you1 Jun 2018 12:23
Velo,
I can imagine you furiously typing away last night in haste to get to bed, I hope we didnt keep you too long!
I will add PFG and GNK to my own watchlist and do some research on them. Always keen to look up more shares!
Profit warnings are a bummer, sell as soon as you hear about them IMO and take the loss on the chin. Although i think in most cases you can see one coming, shares either go very quiet or very loud on the RNS front if something like that is coming.
SYM - I got involved with them back at the beginning of August at around 11p, added again at 21p. I got involved because I think the product lines are great and it was a stable business, managed to get lucky with the government releasing new environmental policies in January.
Big issue with it is that they down own the Patent's. Big pluses are that legislation is driving their business and its slowing coming in, they have a good BOD IMO and global sentiment is on their side.
More on my strategy - I often see a overreaction from shares that issue trading updates that are slightly below market expectations. I think the market will massively overreact to results that are as little as 10% off target, which I dont think represents reality and there fore represents good value. So far, this has worked for me every time although Ive not been doing this too long!
Examples: I just sold DOM, where there was an oversell in August. Just bought into MGP where there was also an oversell recently. DOTD also of course.
Keep us updated with those trend lines!