I genuinely don't know how it's still this low with all the news coming out, as well as expected news (which we saw a huge rise a few weeks ago) and then the next FOMO before Az's option deadline.
Kinda annoying to see it jump 10% and show only buys in the data, yet somehow get shaken down before bouncing back a smidge. I'm already up 28% or so and in this for a good long hold so the intraday stuff doesn't bother me all that much. Just an annoying itch in the meantime when I check it every so often.
I'm trying to free up some capital from other meh investments to get myself up to 500k here. Not far off, just have to hope I can buy before the next rise! If it's taking some of you 20+ minutes to buy, just think how long its going to take me on T212 to get this transaction done!
I have high hopes though based on previous RNS'.
@Guitarman Maybe this share is the one that will get me that top shelf PRS I mentioned before haha! Or a house deposit.. You know.. One or the other.
I've been on T212 since May and agree with you completely. Its not terrible for other shares which move on each update but for SYME its horrible to put any transactions through. I've had buys waiting all day which is just not good enough.
Unfortunately for me I have to wait until next year to create another ISA, at which point I will probably move over to HL. Not sure what the process is when transferring to another broker's ISA but I can find that out later.
I found this on a whim from another BB and got in at about 0.7 too.
Luckily I didn't put too much in it initially, but as I researched more I managed to average down to 0.381 (actual average is slightly higher from selling and re-buying in my ISA though).
Wish I had the money to get an even million but thats just me being greedy and the 400k shares I do have should make for some good LTH returns.
A lot of people (myself included) got started with T212 this year.
I cant create another ISA with another platform (at least I dont think I can, please correct me if I am wrong) so I'm stuck with them for a year. Also a lot of people do not have £10+ to drop on individual trades. My total portfolio is much much less than most here which was my reasoning to go with a free platform.
If SYME kicks off in the near future like we hope, I would definitely change to a more respected broker. The spreads, frequency and accuracy of updates are pretty bad on T212. But good enough when you consider it is "free".
I spoke to their support a few times yesterday when I was trying to sell and rebuy in my ISA account. Took a total of about 7 hours to do!
They told me its not updated very frequently due to low liquidity and they can't manually execute trades. Just have to wait for the quotes to come in. Not a good platform to be on for this share in my personal opinion but with the amount of money I have to play with, its really not worth it to have a different broker at the moment.
I assume the speed of transactions and quotes will scale with activity on the share.
Thanks Gotham. I think the whole DA thing happened over a weekend or a period where I was busy and wasn't reading the forums so im not entirely clued up on that situation. I just throught it was funny to see it had liquidity, but also not according to my platform support haha.
Either way I always take anything that is said on BBs with a pinch of salt and verify myself if im worried, like everyone should do.
@extrader I laughed a little to myself about the liquidity bit :) Not that its wrong or anything but because the reason it takes me hours to buy or sell any shares on T212 is because, and I quote "this share has low liquidity". Not sure if I can trust their answer or not, smells like BS to me but ah well.
Took me almost an entire day to sell and repurchase from my ISA account with them!
@HARDCOREMECHANIC I sincerely hope you are right since my luck has never been that great in life. This would be a huge turning point if in the next few years it gets to even 4p.
Investment is only 330k shares but my platform has slow updates due to the share having low liquidity (their words, not mine). As long as it stays below my average of 0.468 then I'm happy enough.
@poorinvestor Aye, I have two pots at the moment that I put into equally. One is for messing with stocks, the other acts as an emergency/savings fund. I can afford to lose the stock stuff but it would still sting. Weighed the risk and thought it would be worth it since I shouldnt need any of this money for at least 2-3 years when I originally planned to buy anyways.
For me, I'm hoping to just be able to afford a mortgage, using some of my savings to play with stocks. All this second house stuff and mortgage free just sounds like a dream to me haha! If SYME got anywhere near £1 I'd still be looking at a small mortgage. House prices in my area seem second only to London at the moment (might be an exaggeration but thats how it feels).
All I can say is I hope the goals we each have are reached :) Patience pays.
I've been invested here for a good few months now and always been averaging down.
I'm far too committed to let any shares go! Just waiting for it to reach my average of 0.48p and then I can finally stop this sea of red in my portfolio haha. Looking forward to December, I am hopeful that Az will not want to lose his call option.
I've been slowly topping up for a few months to bring my average as close to 0.5p as possible (annoyingly i got in at 0.69 or something like that). I've been in the 0.5p - 0.58p range for a while and looking forward to the day it finally lifts.
I don't need this money any time soon so happy to hold until the middle of next year to see where it goes. Patience is key! Hoping this becomes another GGP, going from half a penny a few years ago to the 20s today. Although I would be more than happy with just 5p.
Well noted. Thanks for the advice everyone. The longer I use it T212 the more frustration I have with it. Since I am only ever averaging down on SYME it's not been tooooo bad for me. 130,000 shares at 0.5p so it's not a fortune, and I will be holding for about a year. But definitely looking to go to a better platform as my funds go up.
Other trades have executed between instantly and 1min most of the time. It's just the AIM stocks and SYME that seem to have a large delay on them for some reason.
The few times I used their CFD platform it was always instant too, but that's too risky for me right now. I made some money on it and promptly decided not to use it until I have more experience... Leverage is scary.
I've been with T212 since May and found it okay but SYME stocks do take a long time to buy on it (sometimes 4 hours or so). The platform has helped me learn the ropes a bit since May and I was thinking about moving on from it at some point. Digerio looks like a good contender for the next step so thanks for the suggestion.
@purchaseatthetop @guitarman I have to say, coming from CINE myself this is quite refreshing (and hey you guys :D ). I bought in on a whim a while back, but reorganized my portfolio to be mainly NEX based at about 154p average after some research, and I have some SYME slowing growing as well. For now, I am happy with this investment choice. Seems like a much more level headed BB too.
Personally I put in about 400 shares at 27p just to keep a feeler on it. Wish I got in again at the sub 20p mark but oh well. Hindsight and all.
With last week doing a rather unexpected number on my finances, forcing me to sell Cine, most of my holding is now with NEX which is pretty much on the edge. Some days im in profit by a little, other days im not. Weird share. Not as entertaining as Cine yet but don't want to move my investment yet.
Aye, I want to see how it rides from here on. If this is an overreaction or not, I am not experienced enough to tell. I believe in Cine because a world without it is just depressing as someone who loves film, but I need to see good news before I invest again. That new guitar will have to wait.
Honestly, I sold out last week due to several very large unexpected expenses taking me well into my overdraft. Unfortunate, but I sold most of what I had in Cine to get out of it. I might not buy back in until next year now when there is good news. For now what little I have left is sitting in NEX and SYME.
Life is hard.