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It is usually easy to get a resolution without a referral in the region of £100 without much hassle.
In this case it raises more concerns about what he hid from his family, did they open his private mail.
The stress would appear self inflicted. Simple if you do not want it shred it. Done in seconds, no stress.
£500 fat chance.... however it cost Vanq around £800 plus staff time. A disgrace in itself.
Re the 100k quantity, not every single can be the same with a 5000 quantity or 10000 etc. It depends on the funds you have free to invest. A sizeable holding is relative.
I see on LSE talking about 250k bets or more, that is great if they can, but like me most do not have that much to risk in one company.
Rizzel,
Happy Easter 🐰
Simple example.
Suppose you buy quantity X thousand shares in a company and then sell 60% or more on a rise you are left with 40% shares at a reduced average cost.
Say 10000 shares in VANQ at 50p, = £5037 (incl stamp, buying and sell commission @ £6).
Share price rises to 60p.
Sell 60% you have 4k shares left averaging 35.9p
Sell 70% you have 3k shares left averaging 27.9p
Sell 80% you have 2k shares left averaging 11.9p
You can vary the selling %, a lot depends on the move or the news.
If you have patience & more funds you can build up a useful position at a cost below the range.
If you say are stuck with 2000 VANQ shares at £1.30 (price before the recent fall) you have paid ( incl stamp comm) an average price about 131p.
Never realise the paper loss, use a side pot to add low average share, eventually you may turn you position around and back to profit with no loss.
Not a recommendation nor for everyone, tax free in an ISA.
You could hit lucky with a bid or the company itself may turn around. I have found working average down on a position gone wrong a very useful strategy.
HTH
Mx
A £3+ bid secures my share Viavi.... show me the money.
https://www.thisismoney.co.uk/money/markets/article-13253517/Takeover-battle-Spirent-escalates-bidder-Viavi-takes-swipe-rival-Keysight.html
He is at 350 ahead of Mr Cuban and Mr Soros.
50/60 sometimes up to 100 in balanced portfolio.
Toffers
You see to have missed the point of my empathetic post. I accuse you of nothing.
However if you can read that into my post then perhaps your conscious has exposed the truth about you rhetorically.
I don't do spats. Will leave you to spat with yourself in your Toffer's echo chamber.
As I said take care. Don't shoot the messenger.
Toffers, I have not bother to read Dean01 posts. I tuned in to see if there was any news posted to read your posts thinking gosh tha guy who told everyone how ill he was seems to be in a bad way. I hope someone can help him find peace.
Take care.
Anyone who invests on the back of what an anon poster's post really should not be investing.
Anyone who argues relentlessly on Good Friday, or any day with an anon poster needs to think hard as to whether that is good for their mental health.
Toffers give yourself a rest and look after your health buddy.
Leaving the core intact works in an uptrend and at low prices, subject to funds & risk of course, prefer to use a separate pot.
Puts one in a better position as the price nears your average and then once above can be traded down to zero or simply held.
HOLDCORE 😁 (apologies to Hodor GoT)
@GoCPI
For me, retain a core for recovery stocks. LT do you see the price higher... of course it will be.
In the meantime add &trim to improve your average of your have the funds.
Eg 10000 at 37p, sell 60% say at 50p, give you an add including stamp and commission at sub 19p per share.
(10000 x 3700 x 1.005 stamp+ 5.95 comm buy + 5.95 comm sell less 6000 x 50)/ 4000 [10k-6k].
Works all day long for me.
Not without risk and nit a recommdations. Vary the quantities and selling % depending on the veracity of the move.
DYOR. Not for everyone.
Churchill has it covered....
https://peterengels.eu/wp-content/uploads/2021/05/Winston-Churchill-by-Peter-Engels-IMG_8646-scaled.jpg