Member Info for Inferno

Good advice old chap! Am slightly spooked, probably compounded by the loss on bailie Gifford us find as well . I’ve seen £15k profit / 9% up on both to £5k down and negative percentage.

I’m hoping for a slow and steady recovery. 12% loss in a week is disproportionate in the wake of any bad news .

The buys and sells are guessed by the platform - done on algorithms. Often they are mixed up. Given the drop today I would put money on it being a sell.

Or it was a sell from earlier showing as a late trade. Either way we will know tomorrow the price will go up or down ! Lol hopefully up after that shocker of a day !

Well let’s hope today was the correction !!!!

Well let’s hope today was the correction !!

£33 million sells V £9millon buys today, oversold, profit taking i would think

Kcco - I’m Concerned by the 10% Drop in a week, baillie Gifford us growth hasn’t faired much better and interestingly JP China is 5% down today. Not sure what is happening with the world, tech has taken a continued slap the last 2 weeks in the US.

Whilst I’m in no rush to sell up any 10% drop of a stock in less than 2 weeks causes me concern. Let’s hope the week recovers somewhat! 1st Feb sp was 1250, let’s see where the week ends heading into March

Owls very true, 2 points spring to mind however

1. I read a very interesting article, that demonstrated a lot of funds drawing their 12 month average where taking it from March last year at the intial onset of covid which saw a 50% reduction of most stocks over a 1 week period. This of course rebounded in the following weeks

However what is also shows is that ‘doubling effect I.e 100%+ was taken from a false reading.

My second point is around The track record of SM - 800+ up over a 10year period, the results speak for themselves. No fund or manager is of course immune to the wider market or conditions.

Fingers crossed we will see a better week than last where we saw 2 weeks of fantastic gains all but wiped out !

An uncrossing trade is where buyers on the bid and sellers on the ask match together in a single trade at the end of an auction period. The uncrossing trade shows up with the trade code “UT” on the London Stock Exchange.

The 7mil sell was the UT - uncrossing trade, it’s not a sell it’s the mm’s clearing the books for the day, sorting out the final buys and sells - it’s already factored into the day and has no impact on the SP

Many thanks Highlander, makes sense indeed. Of course one can’t view trusts on a daily basis, probably monthly at best, quarterly even. Just seemed an usual week after an excellent previous week which of course followed the previous wall st sell off the week before.

I think we will see much more of the highs and lows, rebound market effect etc. Fundamentally i have huge faith in the trust management and that gives me some comfort.

Feb has been disappointing for all of the markets, roll on March for some uplift hopefully !!

Thanks Tongy appreciate the reply, have you a view on whether you think it will stabilise, rise or continue to fall ?

It’s been a strange week for both Scottish mortgage and baillie gifford us, both have almost shed 10% without a specific reason per say or market trend.

The Tesla reduction came into play on the 21st so I don’t think that would have impacted. It’s been a steep correction this week with tomorrow still to come!

Any thoughts on the reason for the drop? I often take some solace by looking at the overall trends both monthly and quarterly and see that it does tend to rise after a drop like this

My journey with this share started 4 years ago and I bought into it knowing nothing of how the market worked or shares in general. I was guided by the old man who had spent a whole career in the city, it was a bonding experience and opened my eyes to the world of stocks and shares and markets.

Over the next 4 years I bought and sold maybe 8/9 times. Buying in on the dips and selling with profit, not always calling it correctly, sometimes missing the high and getting caught on the down or selling thinking it would go down to see it go up. However it allowed me to make more money than I could have ever saved normally, but in hindsight I was reckless or as my mates put it had balls of steel.

Over the past year I really took the time to research and learn the markets, which is the one good piece of advice from PP1, previously I had put all that energy into understanding Boo and every last drop of boo blood in terms of how they operate, the challenges and the risks. At times I was far too emotionally involved with it, losing sight of the fact that this was a business transaction there was always an entry and exit for me

What researching, understanding and listening to people like keep calm showed me was how to spread your risk And portfolio.

I switched to 3 investment funds and have seen 9.5% in 4 weeks with no huge rises or dips 1-2.5% rise or fall max. This has allowed me a far greater calmness around my investments of course there could be a world crash but in which case we will all get smashed.

I will continue to trade boo, but the amount of drama and high energy involved with the share for very little return to be replaced by epic highs and lows is as I get older not the level of risk I want

I’ve kept some in Boo but not enough to impact my stress levels if it drops 5% in a day. Previously I was heavily heavily over invested to the point of madness in hindsight, but it made me a lot of money from a trading isa along the way so seems ironic to look back and say it was the wrong thing to do.

I’ve swapped (4.50 by Xmas) to a steady return, yes it may get me less but it’s still a significant return which suits me.

I think Boo will get there, my dad is heavily invested and plays it long he has 50 years + in this game. I still believe there is an orchestrated media campaign against boo which won’t go away anytime soon.

The city view Boo with deep mistrust, they have a way to go to shake the barrow boy market stall perception V reality of billion pound turnover worldwide clothing company / digital sales platform.

But as we all know there is a thin line between perception and reality. I’m hoping for £4, it will come soon I’m sure but for now I think there are more stable short term options which members on this board Guided me to; so I think there is much value from talking and swapping opinions on these boards it has served me well

lol none of the charts saw this coming did they...... at best we can just all hope its been oversold and claws back 1-3% tomorrow... that or it will just keep dropping all week. At best I can get out tomorrow at worst I will have to wait for results in May. Is what it is, I've given up trying to predict this market ! It defies all the rules

I think the issue with boo after a significant drop is the drop Effect a further 2-3% daily drop 4-5 days on the bounce before you know it. It’s back at £3.25 with little or news to carry it into the next few weeks apart from the budget on March 3rd where we know he will confirm an online sales tax.

This share just cannot catch a break... Scottish mortgage and baillie gofford

@triumph, whilst I get your explanation - Asos went up 6% on the release of the tp shop rns followed by a further 7% the next day. Which casts doubt on your thesis.. unless of course Asos was the anomaly, quite possible

How is asos less than 1% down and boo is still nearly 4% with a new acquisition rns as well... bizarre

Repyrr it all comes down to your style of trading and ones specific exposure within this share, let me present two views below;

1 x 10k stake; it’s probably not worth tinkering with it, leave it in; check back at £4.50 to see any significant change on £10k. If the sp reduces by 10-30% it’s not the end of the world and it won’t impact on your everyday investment if you are for the medium / long

1 x £70-100k investment, now one starts to look at previous historical action a lot more closely as a guide. There is a proven run into results with a drop on results day which if you look at the last 12 months has been between 10-30% over a 28day period.

Therefore it would be remiss of any savvy investor to ignore that data.. I did in Jan, ignored my gut which was screaming to sell day before and in the process made 75% of the profit I saw the day before.

From a personal trading style I am happy to make less by reducing my risk holding long term with a view that it will one day hit £4/5/6. I am yet to see it hold £3 for six months straight. Once it does I will reassess

I plan to sell in the next week or 2.... then buy in 3 weeks before results so mid April and then 100% sell the day before