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£12 a trade plus tax can wipe out any gains unless the drop is significant and/or your risking a lot so the overhead is relatively small. Day trading can be fun and lucrative for those who are good at it or are lucky. Perhaps this is a good opportunity to settle on some companies with good long term recovery potential and back them longer term? Maybe split whatever you have into smaller bundles to cover more bases. keep the trading to a minimum. Some might fail and go under, but hopefully more will do well and you'll come out on top. Not advice, just random ideas and for goodness sake make sure you do your own research.

sounds like a plan. I can't really argue against the logic; but to state the obvious watch out for the trading costs. Always good practice to have a stop in place. These are certainly bumpy times and things can turn fast and unpredictably as we saw here late last week.

I think if it holds its gains and closes at anything more than 300 today we'll see the top end of your range by close of play Friday.....very probably with some small set backs along the way as day traders bag a little profit. But the trend will be upwards and there's room for long and short term investors alike.

Hi jh93, welcome aboard! If your new to this game I'll offer a couple of words of advice (forgive me, don't mean to be patronising)....

- Most important, any and every investment is a punt and never risk more than you can afford to loose.
- Read comments made by people on board like this with healthy scepticism. Too many are pushing an agenda, and some are paid to. You'll learn to tell those playing with a straight bat from those who aren't. But always do your own reading , research and thinking.
- enjoy it, and if you make a few quid view it as a bonus. Helps keep things in perspective.

Personally, I think you've done very well and good luck to you.

Overall I'm down on the day but up on the week so all's well that ends well and will be back for more on Monday. have a good weekend everyone.

perhaps, but there's a lot of slippage across the board at the moment. My suspicion is that as the press conference draws nearer people are getting gloomier. There are more ways for Trump to get this wrong than there are ways to get it right, and even if he gets it right there are more ways for him to present it badly than well. To state the obvious, we just have to ride it out, or get out and hold cash to buy back in later. Personally, I think that when the rally comes it will come fast. Not to heady heights but to something more like a week ago and I'd rather stay invested. But good luck to anyone who feels differently.

I should perhaps also have added that I came in yesterday and again today after the falls and so I apologise to other longer term holders if my comments seem somehow glib and dismissive. No offence intended.

agreed, the airline business will be impacted, as will all other sectors. But I am not convinced that people have lost their desire to fly whether for business or pleasure and while passenger numbers may be down I am not yet convinced that will automatically translate into significantly fewer airframes. Personally, I think Zoom, Teams and their like will have their greatest impact not on this market but the innumerable car and train journeys that people make. But in the interests of disclosure I have bought in quite heavily to the airlines so you might expect me to say that.

Apologies - typo - back up at 350 not 250 otherwise that would be grim!!!!!

agreed. Frustrating but not worrying. Yesterday's change was, IMO, largely a predictable response to flooding the market with shares sold at well below the price they would have attracted in a more orderly sale....and that sale had nothing to do with the intrinsic quality of the company. Today's fall is a reaction to that and other factors mentioned by others. Lots of people will be trying to judge the bottom and it will continue to fall until there's a consensus that it's bottomed. But one the buying in starts I am pretty confident that it will rise faster than it's fallen. Short term it will look worse than it does now but will be back up at 250 before too long. Just my opinion, but for those of us already invested I think the message is don't let this interrupt a good lunch or enjoyment of the weekend. And if some profit hugely from the bounce, then well done them is what I say.

It's rediculous. I dip in here only occasionally and by exception if I feel I have good reason to be optimistic about a company as I do this one. Otherwise I tend to stay clear and deal with FTSE companies where things are perhaps less exciting in terms of swings but are more rational. Hey ho, on a positive note I still think this is a goer despite it pi**ing me off yet again today

Noto - agreed, and all the more reason why it's failure to hold the (very sensible ) opening gains is so frustrating.......this one is going no good for my digestion.

Chreeby - I fear you are right.... declining numbers of 'ordinary' collectors. Stamps may remain of interest to specialist investors who with an appetite for holding the very finest/fashionable specimens as part of a portfolio of art, wine etc....; but that's a very different business to the traditional one and hard to know quite where SGI might fit into that with declining number of mid and lower tier buyers.

Hi cipro, possible but in my opinion too early to say anything in regards to an agreement that has only just started. I would, however, expect them to advise all shareholders via a RNS as and when first discussion on closure/extension of it occurs. Possibly around the 8 to 10 month mark, although what has been put into the public domain is conspicuously thin on when this should occur.

can't comment on the impact of nightingale units. clearly at some point there will be a reducing in the requirement for dedicated beds. Which agreements they will terminate first is beyond me. It will be some combination of relative bed cost and desire to make a public statement that the crisis is nearing an end. The latter would likely favour closure of the nightingale units ahead of releasing SPI, but frankly its's pointless me speculating.

loss of the dividend is not unexpected. It's paid from profits and they are going to be hollowed out for reasons discussed here previously. Since SP reflects future earnings it was also obviously going to be adversely affected

Suspension of dividends will, I think, be quite widespread. At least SPI will be around to generate return in the future, and it can probably avoid any capital raising exercise. More, I fear, than can be said for many others businesses.

No MoTs and attendant repair bills means a few more pounds in people's pockets.

Premature to assume no holidays - not overseas but more people staying in the UK with a wish to do something. Travel restrictions will be imposed and ease off as the situation demands. People will need to be flexible, and with no ability to plan very far ahead and book hotels short breaks and camping will look like a good option.

Put the two together and if we're lucky we might just see some redistribution of spend across product/service lines.

I agree it's going up, all I'm doubting is that it will achieve 150 in such a short time frame. I don't see that the landscape in the short term is better than that over the last year before the current crisis started. And during that year it peaked at 145.

To repeat, I really and truly hope I'm wrong. But realistically I think our rewards will come in time rather than soon.

Cipro - setting aside the possibility of a statement on a takeover, the chances of 150 in the short to medium term must be vanishingly small. Why would the SP exceed the 52 week high of 145 recorded as on this site in anything like the next 14 weeks?

In the absence of anything else my advice to the Board would be swallow your pride and try to reopen discussions with whoever you were talking with during the FSP and see if you can resolve your differences. An recommended sale at less than was hoped for is likely to be better than a hostile takeover.

yep. and think an all cash offer of 60p would have a fighting chance at the moment.