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If my post came across as that way glandore that's not what I intended and I completely agree with you. Everyone has to find what works for them. I'd never tell anyone what to do, I'm not qualified nor that arrogant. Both trading and investing has its place and always will.
I was just passing on whats happened in my experience. Just one of countless different and varying views. It's what makes the market the way it is after all!
I wish everyone all the success, whatever way they try to achieve it.
I've mixed trading and investing for a few years, made money here and there. Ultimately what I learned is that if I never sold half my winning trades, I'd be multiples up. I sold a trade that tripled. I was elated. I looked back a few months later and it had halved. What a trade I thought! A few months later it would of been a near 20x multiple if I just held. What does that tell you? And that's one of a few..
Sure it may not happen every time and each to their own, but its happened a good few to me and the maths works out that I've missed out on substantial gains.
For these reasons I decided to move away from trades and I'm now all long term with my investments, looking at least 3-5 years down the line.
My average in SEE is about 4.5p. When it hit 12 I was tempted to trade some but never. May have missed an opportunity to make some cash but I go back to my first example. I fully believe SEE to be a mirror of this event, and its prospects are well better than that particular stock. I'd much rather miss out a short term gain than not be part of the journey in a stock I fully believe to be successful.
Good luck to all, and thanks to all the valuable posters in this chat, you know who you are.
Some of the information that's been posted in here led me to dig further into SEE and their vision which in the end led to me being invested.
Your great analysis hasn't and isn't going unnoticed. I thank you for the initial 'heads up' and wish you all the best of luck.
I cant see dollens and Davis allowing their huge investments recently to be spiralled into the ground.
Unfortunate to see this type of funding. It will be red tomorrow for sure...
Davis and Dollens must have been happy enough to go ahead with this funding. They're positions were realised at 3.5p , 3.75p. That tells a story.
What will be will be though .. ATB
We learn from every decision made in this business. That doesn't matter if you made money, lost money or lost the opportunity to make more. Take everything as a lesson would be my advice and don't let negatives set in. Once I adapted that mindset I felt everything became easier.
Gaz, ticks all the boxes for me so far!
I haven't used Tidal, but compared to Spotify seems pretty similar. Just different to Navigate.
Cheers
Signed up to Napster to support my investment.
Enjoyed a view of Queen's greatest hits, now cracking into some Fleetwood Mac.
Because YouTube are supplying the platform to copyright and are therefore just a liable as the person who uploaded it.
Melody really need to get a grip of this. 125k views stolen
The whole point of the acquisition of Napster is to overcome the issue you're talking about. VR on its own hasn't been enough to bring in repeat business and MVR have clearly had the stats to force them to make a change in their business model. Liam Gallagher - huge name, huge fan base, but will someone who paid for and enjoyed his show in VR come back and buy more VR shows? Probably not, and thats not a sustainable business model. If that person were able to subscribe to a music service that can provide all of their favourite tracks and provide VR content as part of that subscription for a reasonable price, would that sway their decision to subscribe or to change whom they subscribe with already.
Thats the point of acquiring napster. They have the library of tracks now. If they can provide VR music shows as they currently do and potentially expand on that with other VR content, then the user base will grow.
Makes an appealing investment case in my opinion and is why I remain committed long term - whilst very aware the risk remains high.
Maybe the MMs will see your post and do us all a favour before the rocket blasts off to the stratosphere.