RE: Amasing Mary29 Oct 2021 11:39
geOrge123
I will try nad clear this up.
I woke up to a heavy dose of sarcasm from a tag team, which seemed unfair to me as much as the unncessary labels particularly as the comments are so wide of the mark.
Re your query on PFC, I am looking at my trades here so I hope this will help you understand and perhaps be less sceptical.
My initial purchase was in Dec 20 at around 145.384p a small position (usually tranche 1/10 an entry point. It was a test trade for me to start taking a position even though a risky investment but my research has it on my watchlist.
I added a second tranche, averaged down and exits on 5th Jan with a few £s profit and reentered on 15th Jan 129 (bad timing). but a small position and added and added and added using my snooker rack 1 2 3 4 to gain volume and reduce average ( 119 115 109 105) and reducing exited gradually (132 137) on 5th March.
You can see the picture hopefully as I know you are good with figures and you can see profitable trading. Call it fortunate, mystic or otherwise but it is real and did happen so please try to understand why sarky unfounded and unncessary comments do not sit well.
Adding back and 123 (bad timing again - but part of my method) the shares were bought with my profit ( so in my view - at no cost to me and the profit at risk but a comfortable buffer for any downside.
I bought down to 95p, watching every newsflow, at times thinking it was all to go pearshaped but still has a belief (based on a hunch / contrarian view) that the was something here.
I reduced into the rise on 30/9 157 169 (prematurely in hindsight) but now fortuitous and got sold away at £2.
The picture is coming clearer now hopefully, I did not sell out completely but reduced into the spikes as I do with any trade.
I added at back some 150.85 / 1.26 / 1.28 selling some at 144.54 on the 26th as I was aware of the correct ex date and picked up a few extra rights.
The upshort of this is that I have 50000 PFC shares from profit I have made in only 29 trades and I will try to improve the position by adding on dips and selling higher.
You can believe what you want to as I cannot help your opinion but hopefully this has made you less sceptical and we can more forward.
Yes I take the hit of paper losses but work out of them by the method above. You would be amazed rather than amused at the portfolio I have build up in the last year since the April 2020.
Others may do better or worse, but my method has allowed me to retire early and enjoy life.
Hope this is clearer for you.
M.