The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Quite right MS007.
Too many people who shout how brilliant a given share is, want to sell it,
- and too many people to shout how useless a share is, want to buy.
Good evening Grace,
Your post is a welcome change to the 'oh-so-wise-after-the-event' brigade.
I know the AIM is a bear-pit, but today has been 'different gravy'. Anyone who claims to know which way this will go tomorrow, doesn't. All we can do is guess. Some will be right, some wrong.
For what it's worth, my guess is a substantial rise, followed by another fall - whether to below where it finished this evening, I don't know.
'Robyems' asked earlier, about the 35p closing price. This was the 'uncrossing' trade. For anyone who wants to know more about UTs - and has the time/inclination to read it, this link may prove interesting:
htTps://www.thebushveldperspective.com/blog/public-articles-1/post/auctions-uncrossing-trades-and-evidence-of-manipulation-291
Finally, I can't end without referencing Saint Rampez. I had his agenda sussed from the word 'go'. Shame I wasn't as clever when it came to sussing out where this would end up, at 8am this morning.
What is the consensus on the use of 'stop-losses' with regards to the amazing rise this week.
I've got a lot of travelling to do today - and will be unable to keep a sharp-eye on developments.
No RNS so the SP will be driven by sentiment and momentum alone. I'm also mindful about the savage fishing trip
the MMs went on, a couple of weeks ago. I
I really don't know what to do for the best - sell some at the open and set a 'buy' limit in the event of a fall?
Nelsonthedog,
You were pretty much 'spot-on' with your 11:43 post this morning.
BZ Sir.
...recorded as 'sells' are buys - I just bought another 12,000 at 43p.
Sir,
You appear to have sabotaged your own credibility.
Terrier54,
I'm not disputing whether or not the RNS is a 'warning' - as you put it, I just wonder what lead you to think that.
I would be grateful if you could delineate.
Thank you
:o )
Just got home - night all.
Oldbaldy,
Just read your post earlier. It's been a hell of a couple of days for me - haven't had time to read BBs or follow price movements.
However, I sold just over 40% of my VAL holding at about 30 seconds after trading started yesterday (got 26.5) - wanted to buy some more SNG - which I did (big error).
Two Sundays ago, my Dad (85) and step-mum (77) attended a friend's 90 birthday party. On Friday just gone, the friend's carer was tested positive for Covid-19. My Dad & Step Mum were confirmed as having it on Monday. Yesterday afternoon, mu step mum (who also has COPD) was admitted to hospital with breathing difficulties and a very high temp. I must admit, I thought she was a gonner. Dad was distraught - but, of course, we couldn't to to visit & comfort him.
Miraculously today though, they (the hospital) contemplated sending her home. They decided to keep her in for another night - to be on the safe side.
Dad, meanwhile, who's type 1 diabetic, seems relatively untroubled - apart from a very sore throat.
I know the wymptoms of the more elderly people who get it, fluctuate, and just when you think you're getting over it, you take a tumble again - so we're not 'out of the woods' yet.
Having worked 9 hours yesterday, I was 'called-out' at 00:30 this morning - got home at 06:00. Started work again at 09:30 until 17:00. Got called out again at 19:30 this evening - and I'm still working. I'm an hour and a half's drive from home and I may have another job to go on - just waiting to see what 'they' want me to do (if anything). Either way, I'm not likely to be contributing anything of value tomorrow.
...but then, you'll all used to that.
That's a good point actually viera (something most will have noticed, but it's only just dawned on me).
IE. If the SP had remained a fraction over 15p for five days (which almost happened a fortnight ago), almost twice as many shares might have to have been 'forward sold' to finance the warrant purchases, as will be necessary with the shares a shade under 30p.
Thank you for the replies oldbaldy & vf.
I'm very capricious by nature - I have no idea what I'll decided to do - I just hope to face the conundrum soon.
Looking ahead to '201 results day' - and getting completely ahead of myself, what are the best strategies to employ?
On the day SNG went mental, the SP shot up from about 38p (ish?) to over a quid. Having never experienced holding a share that had done this, I sold about 40% of my holding within15 minutes of trading at 1.04 (the market was very 'liquid').
Minutes later, it was back down to the low 90s - where upon, I bought back the 40% - and a few extra besides. At this point, I was feeling - as you might imagine, extremely pleased with myself - especially when share price quickly re-established itself around £1.10 - where it remained (or there-abouts), for half an hour or so. Then at about 9:00-9:30, it went mental again 140, 150, 160 - all gone in a flash. I sold nearly all my shares at these three levels - and was delighted to have done so - briefly that is. I then had to sit and watch as the SP soared past £2 and way beyond (grrrr - *******s).
So, is the consensus opinion here, that we should hold if the results should be what we all hope for, or does the old adage of:-
"buy in anticipation of news - sell on news arriving" - still apply?
Are there any lessons to be learned from what happened with SNG?
Sell half and let the rest ride?
What would Grace do - and how much gin can she handle?
So many questions.
Telll me more about this placenta.
too (whoops - it's early - need more tea).
ST - I hope you're not to flattered by this numpty.
Somebody has lost the plot - and it ain't Grace or ST - who are polar opposites to one another in just about
every aspect save for their bullish stance - and if a bullish stance is evidence enough, then I'm Grace & ST too.
Grace - I hope you're not troubled by this numpty.
Discuss.
Nite all.
x
Baxters,
I thought it was common-knowledge -
- Grace was (and still is) a connoisseur of fine wine.
Grace,
Please don't refer to yourself as 'boring'.
You are the very antithesis of such.
..judging by dummy trades.
Was 24.75 at 14:40, now 24.885.