The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hey kpa
Limited coverage as all at sea in a boat, literally. HL site does not like Internet @sea.
In answer to your question on the Pru I trimmed some positions around 766 and bought some back at 715. Rinse repeat.
Still adding WG. too.
Holiday mode 🏖.
Mx
Someone has too SOS :)
Ge0
Experience has shown that, as a rule it is not always a good idea to hold a stock forever, fang stocks excluded.
Stocks tend to rise and fall, stock specific, general market volatility and of course crashes and mini crashes. It is worth noting that by the time Sky BBC etc are reporting the news, it is already too late to act and the contrarian call is usually prudent. Secret is to pick sound companies you expect to last and grow in the long term. Always good to enter initially when one of the shares you follow has a major drop (obviously check out the reason why - in case it is a red alert avoid).
My aim is to build a solid portfolio of stocks with an average cost well below the trading range and by adding and trimming (and patiently waiting) over time the average trend towards zero cost and as a rule never panic. Paper losses are just opportunities.
The harder the fall, the better the starting point, the sweeter the recovery. Adding in tranches rather than putting 100% in on day 1 in any stock helps mitigate the risk until you are on the right side of the average. Take on a paper loss and instead of a panic out on a further drop add tranche 2,3,4,5 on every drop until your are fully invested. Any turn allows you to offload some tranches higher than the entry point. Rebuy on further drops of trim on further rises.
I find 99% will average out to profit within weeks or months.
Not a recommendation to anyone.
DYOR
It was meant to be a formula, an illustration to show a plan entry and exit. The quantity is irrelevant as long as X is above 4k+ - stamp and the £5.95 commission is negligible.
As regards dates and figures ge0, that is for the Mr Revenue for the non ISA holdings. My tranches are usually 10k here if that helps.
Resetting my trim to higher soon be in the 12/14p range.
Song for the day
Hold on it's coming, hold on it's very near.
https://www.youtube.com/watch?v=HGcw6_2uwIo
The recent wars are staged, each actor playing it's role, aided by the media propagandists. All orchestrated.
Ask who funded Iran with billions, who was knee deep in Ukraine - a clue - a well known US crime family.
Wars only make the news when it suits the globalist agenda. How many more lives before this Godless society decides enough is enough?
When Irish eyes are smiling
https://ukinvestormagazine.co.uk/greencore-beginning-to-show-benefits-of-recent-efficiency-drive-and-new-contracts-these-shares-are-totally-under-rated/
👀 Eye opening
Date Open High Low Close* Adj. close** Volume
03 Apr 2024 125.20 129.60 123.00 127.20 127.20 4,801,446
02 Apr 2024 118.40 126.60 118.40 126.00 126.00 15,998,166
28 Mar 2024 116.00 120.40 115.30 119.30 119.30 1,774,392
27 Mar 2024 116.90 121.50 116.90 117.40 117.40 4,353,136
26 Mar 2024 115.40 119.00 113.00 118.00 118.00 8,088,549
25 Mar 2024 112.60 114.42 111.35 112.90 112.90 1,689,525
https://uk.finance.yahoo.com/quote/GNC.L/history