Member Info for LWHL

Yep. Pretty much unavoidable IMO, over any length of time picking individual stocks. Well, certainly when seeking above average gains.

We are indeed bid city right now. Stupid politicians have left us vulnerable in so many ways over the past few decades, and this is just one of many examples of where the chickens are now coming home to roost.

Still, we can only play the cards as they fall and at least this M&A activity is looking like it is going to keep things interesting during a period where markets often drift down as the big boys 'sell in May'.

I wonder if this rise was based on the WG news? T/O prospect here too, potentially, IMO.

Similar historical issues but something underlying that might be 'value accretive' in the right hands etc.

I am planning on potentially jumping back in with a 270's revisit if it comes to pass...but am sorely tempted to return a few to the pot, based simply on your midas touch Mary :)

Very true Mary. Glad to still have a few left in the pot, for hopefully a stronger SP down the line.

Stop losses got taken out over at FSJ at some point today I found out...so you might get another bid offer in that one like you did at WG soon :)

FSJ was only ever a planned trade for me, so nothing left in that pot right now.

Well done on your WG news. And good luck with PFC, whenever it updates the market. Rooting for you.

Given their track record of fiscal management, some might consider their aims to be somewhat ambitious.

Others might simply assume that they think they can line their own pockets more effectively by bringing more services into public control. The real driver for this stated ambition.

Naturally I have no opinion myself in either direction on what their motivations may actually be.

My opinion of those who keep voting for the same political gangs, over and over again....is probably best left unsaid :)

I presume RR is a case of a new management team coming in and turning the failing ship around. One of those dream scenarios we all look to catch.

The management here is IMO weak. My bet is that either they will improve, or changes will take place and the new management will fix things. Asset sales could make a real difference of course. Might work out well (the recent political stuff) in relation to our unattractive UK operations.

Or (and my preference) a takeover, which would negate the need to replace the management team, which should happen, if the next update is poor. Less risk, but also less potential reward if we do see an RR type turnaround. IMO I do not see the current management achieving that level of improvement, but hey, let's see.

Yeah, I had some nice Covid-induced hits myself. Especially AIM stocks, including a 10 bagger and several multi-baggers.

A lot of liquidity pumped into the system back then, which helped massively. Pretty much all of those AIM ones are now either bust, or as good as. Naked swimmers as the tide comes in.

At least with the likes of BP, even though governments are going to keep trying to kill the golden geese, you know in all probability they are probably ones that you can stick in the bottom draw if you want.

I have kind of done that myself, with CVX, even though the oil chart looks so much like it is going to soil the bed soon. I have decided not to risk selling and trying to time the market with that one. Will accept the likely paper hit and buy more around year lows, if it goes back there, should the technicals play out.

JG: All the more reason IMO to have a core holding in ones you have a long term horizon for, and side trade it. I bet you most RR holders are not ones who bought at or near the bottom, and still holding a full allocation at the time of print.

But anyway, like I said, you just have to find a path that works for you. And try to reflect on successes and failures as objectively as you can (easier said than done sometimes).

Even the best make mistakes.

Warren Buffet recently confirmed he sold out fully from PARA. I anticipated this news as soon as I heard he had reduced his position in their last filing, some months ago.

They might end up missing out on a takeover bump. He has certainly made a few other calls that proved wrong fairly quickly. Something for us humble PI's to remember as we pit ourselves against the City and Wall Street :) Good evening all.

Paddyboy1: For every example of a RR, there are many, many others, where profits would have vanished with a buy and hold approach over the same period.

But I am sure there are some RR holders who are sitting on a nice core holding/free carry right now, who also de-risked along the way. Probably a good many who are finally in profit or B/E as long suffering HODL'ers from 2013.

But yeah, easy to say. Less easy to do, or we would all be sitting at the top table of Davos :)

Absolutely, Pokerchips. I know that I myself sometimes come across as quite bearish on these chat boards, but when I am long, I am always trying to find potential threats or weaknesses to the bull case.

Madness not to when you have cold hard cash on the line, IMO.

Notwithstanding occasional white knight efforts on others that I have turned extremely bearish on, for one reason or another. Especially some of the micro caps from time to time.

Anyway, JG - it is worth doing some research into technical trading. Start with the very basics. Heaps of material on youtube and elsewhere.

Cannot remember which source I first started with, but I finally opened my mind to it (after initially thinking it was all BS) after seeing another poster repeatedly calling accurate SP targets over and over again on one particular stock.

Be warned though: there is an unreal amount of technical indicators and theories out there. My advice would be to keep it very simple and build your knowledge at a pace that works for you.

Then, do some fantasy trading using technical indicators alone. Any stock you want. See how you go. That is what I did to begin with (well, I used real money from the start, but stuck with stocks that I was already familiar with).

Not entirely sure it works as effectively with micro caps as large caps, although that could just be me not being very good at it yet :)

Oh, and it is never 100% certain either, it is a game of probabilities. So never go all in based on TA.

Based on what you have shared with us over some time here, if I was in your position, I would take your recent purchase off the table if/when mid 60's hit. Nice profit on that tranche, reduced risk and you might get the chance to repeat the trick down the line too. If the SP does not retrace, then you might have sacrificed some profit for less downside risk. The way it is.

But only an idea, as you know, your money your choice etc.

Totally agree, Hindy. Too many successful technical traders out there for it to be false, IMO.

Although I do not entirely rely on TA myself. For a start, still far too much of a greenhorn with it.

My performance since starting to use it in deliberations though has improved considerably, compared to before, where I just did the research, focused on fundamentals etc, bought and held.

But as I always say, it is about finding a method that works best for you.

And not being afraid to admit when you are wrong, or even worse, failing to try and keep on learning new things to make you a better trader or investor.

As an aside, and not this particular one, I have no idea why some on these anon chat boards always try to make out like they bought at the bottom and sold at the top....a long time after the event. Like anyone cares, lol :)

Agree. The chart looks lovely right now too. Regret my side pot sale at the time of print, lol.

This is one that I am glad to have a core holding in though, for similar reasons to you probably.

Subject to the obvious caveats etc.

Hopefully it will at least stop the scam against us.

I was ready for (and starting to expect) a further drop to retest the lows, so whatever the reason, a pleasant surprise to see this one on the move a bit on Friday afternoon.

I had hoped that we would have seen mid-50's again before now. Fingers crossed it happens next week.

Good weekend all.

Why will this stock never return to normality? Presume you mean it is being manipulated for whatever reasons?

TA: Yes, historic stuff can provide resistance and support points of course. Then you have a huge amount of other indicators to play with too. All of which provide probabilities for direction of travel etc. That is not relevant to fundamentals though.

My TA skills are not strong enough for me to swear by them, so will not try to argue the point.

Not sure how we are in uncharted territory though. We have a bunch of negative company updates, and uncertainties, on top of macro stuff that could also be negative for the company for the time being.

No significant inside buying either...but then we have the Cosmans's scenario.

Oh, and I have just seen that shorts have increased here too. Including M Wace, who I do not like seeing in one of mine (and seem to be in a few of mine currently!)

Anyway, back to the red wine and no more posting from me tonight :) Good weekend all.

Fair enough. Mobico will have my full support if the local politicians try to screw us in any future negotiations, and the BOD stand firm against this.

We already seem to get a bad deal from UK operations as it is. Price hikes and cost cutting remains a necessity. No more compromises and no baksheesh either. Drain the swamp :)

I am an investor. My investment here remains (underwater).

And TA is not a lagging indicator of the fundamentals. In theory and more generally, good fundamentals will eventually play out. That is a totally different kettle of fish to technical trading.

And final point - I was clear that my side pot trade sale here was not based on technicals - TA right now here (IMO) suggested more upside.

I think a number of people will be interested in hearing the response they give you. If/when they come back to you.

Got to be so much more careful in writing than in spoken form.

Anyway, for you uber bulls, it looks like today was a good opportunity for you to buy more!

All those stolen shares by the nasty, manipulating MM's, eh? Lol.

Not sure how that is relevant to this name, but the amount of people in the UK who seem to pin their colours to the Gaza flag (so to speak) does put the stock market stuff into the shade IMO.

Seeing as we have gone off-piste, I sold my PARA position less than an hour before the drop. Nice when that timing happens for the good!

I did not like the look of the chart in that one, which was different to here, although gut feeling the same for both.

Hopefully it will be two wise decisions out of two - although I am now fully out of PARA (for now, at least). Still have the core (under water) position here. Good weekend all.

Either way, I lost my nerve and sold the recent batch, a good circa 8% sooner than I originally planned.

I went against the chart (which is usually a bad idea), but I just do not quite trust the rise here. Meaning I think we need to go lower before mid 60's, nothing sinister. Have a good weekend all.

I was going to make a quip about how we cannot afford to invest such large amounts in shares like this one, as we keep on having to pick up the tab for the cheques that keep on being written to feed the military industrial complex on our behalf...but I decided that would probably be in poor taste, so chose not to.

But you almost got a rise out of me, Pogo, I'll give you that :) GLA and here is to hoping we see your 150p year end target.

If it was not for the fact that this has been kept at these low levels for so long now, I would wonder if it was due to a fear that they may take it private and stiff small holders, like a few outfits have done recently?

At least three names come to mind, and only one in a similar space to ASOS.

The one you will all be aware of never even had short interest as high as this, nor for that matter, anything like the level of inside buying, involving more than just one party, as we have seen here. Not to mention, a clearly failed business model, which IMO, ASOS simply does not have.

As I keep saying, it is a real mind-f*** (put the censorship in myself, to save the algo here, lol).

IMO, absolutely yes it would. Although I remain somewhat baffled that the continued large purchases of other insiders has kept this one in the low trading range it is in.

It is quite frankly extraordinary.

I am remaining disciplined (for now!) and holding fire, based on the chart technicals, but I would rather be long than short at this price, given all the 'known knowns', I really would.

Certainly do not see a good risk/reward ratio for fresh shorts in the sub 4 quid level, but I am no stock market guru, and time will tell. Anyway, GLA in the meantime.