Member Info for JohnLewis79

All the house rules, never ever av down, wait for confirmation the trade was good by buying in incremental lots etc... I have been ruthless in observing the 10% rule on occasions. Why I disregarded this most important of all rules here and ended up arguing with the tape these last 4 bloody years I do not know. I must have lost my marbles. Forgetting if a stock loses 50% it needs a 100% gain to get back to even. If only I had cut from those days when Sphere was in the 30's. Oh well I deserve everything I get I was given enough warnings which I chose to ignore so serves me right. Investing on anticipation and hope does not cut it so very much in the lap of the Gods from here on in! At least I acted on the last pivot point so must not beat myself up too much. Best advice I can give to any new investor is never forget the 10% rule for if you do you will never be tempted to average down...another absolute no no. Thank you and good afternoon all.

Here's a few trading strats I used to look at when I was young and keen. i)Tandem Trading (check a sister stock & compare them).ii) pivot trading the right time to buy in or a reversal of trend, eg Sphere at 5.iii) Increased vols leading to a rising sp. iv) breakout on high vol leading to a new high for sp and most importantly no stock overhanging/ cluttering.v) pivot point sp continues up so confirmation, eg not in Sphere's case so far, 8.5 might be a downward PP. vi) the hardest to do....ignore the actions of insiders, they may know more about xyz stock than you but sfa about the SM. vii) Chairmen are little more than cheerleaders for xyz stock "all's well" do not worry guys. viii) avoid penny stocks, heh heh heh! usually your cash is tied in/up and your stranded, kinda like here! ix) take a good % of profits off the table put in cash reserves for another day....if only I could? x) stick with winners/....dump losers following say a 10% decline...not muggings me! Don't fight the tape Av up if you can though most pis hate to pay more for each trade it is confirmation that your initial buy was right and if so why not buy more? Finally patience. That I have in spades!

She dumps unpopular policies, DUP oops they still here, dementia tax, means testing, triple lock, school meals, grammar schools & doing the Mexican wave.

Anyone catch that St Marys Hospital prog last night? I fell asleep mid way. Don't suppose a P4 device was spotted?

Cellis...chill! Noone takes any notice of me! Perhaps today will be the day we get a confimed one trade! The beauty of owning Sphere is pencil in the opening price (8.5) and close (8.5) in the morning. No need to check during the day it will be (8.5) at close for sure. We shall soon start appearing on those ' sp never moves' sites. Safe and secure, sleep easy at night. Highly recommended.

Time? Many investors are becoming extremely nervous over the performance of the SM in the face of all the world problems not least the recent US rate rise. Here's the thing a 25% fall from here would only take us back to 2/16 (5600) so Anyone with the majority of their savings in the SM (me!) should be at the front of the queue before the mad rush for the exits if you believe the nxt crisis/crash will be 40%.

As I see it Barclays bad boys are being brought before the Beak (after nigh on 10 years) for allegedly bribing Qatar Holdings to bail them out via a $2bn sweetner and $332m advisory fee for which they rec'd none. The $2bn (loan) went towards propping up the sp (essentially they were bailing themselves out). In effect they are in the dock for trying to get themselves out of trouble rather than what they did to get into trouble. Not raising the cash would have given the Gov a massive headache with 3 zombie banks on its books. Ask RBS shareholders what happened to their investment leaving HMG to pump £45bn into RBS. The SFO never looked RBSs way despite allegations of the true purpose of the RI, misled investors how the ABN Amro merger was progressing and failed to mention it was relying on liquidity from the US Fed. Noone was charged in fact 'Fred the shred' walked away with his massive pension escaping a visit to 'My Lud' when RBS settled with shareholders. So those responsible for the bigest failure in UK corp history walk away (well done lads) the bad boys from Barclays get done for not getting bailed out by HMG. I must be missing something.

Picks today:- 5-8-7-9-22-22.

2-3-2-1-0-0 places yesterday at Ascot (24 pts) so picked up a few points but miles behind leader who has (52) points. Luckily for us he missed the 11/1. Annoyed i swerved T.Hobson for the donkey who trailed in damn near last.

On BBC 2 tonight at 9.00 series no 2 'Hospital' from St Marys Paddington. Will check out the BBC 1 programme you mentioned cellis.

While Teach stands in the classroom corner with dunces cap on her head....stop giggling at back of class, squabbles break out over the Queens Speach with the other mob unlikely to back the blues. A very responsible position for Dimwit to take, after all he's good at opposing anything with a pro British angle. Incidentally Barnfather one of my nomenclatures for the Euro geezer running Brexit talks, was the back stabbing jobsworth Chief of Police in the Homicide Life on the street TV series.

Pub comp (4 places) £20 entry pick as many winners as you can on a pts system. My selections today are 11-11-11-1-18-22.

'Hanging on by a thread Hammond' who only kept his job thanks to Teachers floppy performance during the GE has a 7 lbs penalty round his keck as he tries to convince us of Britain's economic stability in the face of much squirming & wriggling going on over the water. Tax rises cannot be far away but I see little chance of that which will be electoral suicide. Borrowings are through the roof but can be pushed back to 2050 if he needs more for the NHS etc...and too much uncertainty over which way the economy will perform in the next 2 (Article 50) ---5 years. Barnfather is betting Teacher won't be around much longer so pulling Diddlys chain until she's gone is seen as fair game to the unelected Eurocrats. Rid us of Teacher and the Tories face wipe out at a GE putting Dimwit in No 10, which no right minded person wants. She has to be there for the next 2 years and importantly will the 1922 committee (the bully boys) allow Teach to fight another election?

Best Lions performance... scalp the Chiefs 34-6...

I would agree cellis that under normal circumstances politics & religious comment is a no no. However since the referendum, the GE & now talks about Britain's future many more people have become engaged in the debate. Let's be honest there's very little else of interest to talk about, certainly not Sphere (under the wartime official Secret Act) which limits dialogue other than speculation and general muttering and gnashing of teeth.

Diddly and Barnfather were all smiles and pleasantries on Day 1 of the talks. However banana skin no 1 loomed threatening to become 'row' no 1. Britain's exit bill rumoured to be £85 billion will be strongly refuted as Diddly believes we have no legal obligation to pay. A cave in by Diddly is on the cards as both men disagree on many of the fundamental points on Brexit, he is in a hopeless position holding few court cards. Barnfather talks a good game but in closed session said " I am not in a frame of mind to make concessions or ask for concessions" or " take it or leave it Diddly" A long hot summer lies ahead and if Diddly sees the talks out he will be 70 and past Prime Ministers sell by date. Remember he failed to beat Dastardly Dave back in '05? Boriskarloff is playing a blinder letting Diddly take all the flak for little glory. Dimwit, Adolf McDuncy & The Madabbot have their priorities rubber stamped by their fellow travellers, SWP and Momentum to stir up as much trouble as possible while Teacher has her hands tied in knots by Barnfather and his Euro cronies. Anyone see a good outcome for us?

Shares / A.J.Bell investor evening on Tuesday 11/7. Sphere and Midatech are presenting at Novatel Tower Bridge, London.

The 2250 @ 8.43 not registered on Google. Strange.

Teachers cabinet meetings are code for Cobra meet ups to discuss the heatwave a Jihadist inspired phenom and strategies for Diddly Dave to take to Junkers 88 talks! Give Diddly 3 months tops before he jacks it in as a complete waste of time.

Yup Sherlock & Flashman both a couple of Herberts! Kopout.... well for me he usually does was the 7th straight maiden winner of the US open. Oh well Ascot beckons have done ok.... ish there in the past, perhaps I'll find some 'tryers'...... horses that actually give a damn!