RE: Opening SP tomorrow17 Mar 2021 21:48
VOD no idea tbh and then the market will do the opposite anyway.
If it goes to the 120p I buy 10k shares (funds permitting) if it goes past 136- 140p, I reduce .
Just keep repeating and reassessing the ranges as and when.
This should have legs towards 170p this year, never in a straight line.
Think of this.
A share price starts Jan 1st @ 120p, ends 31 Mar at 120p - trading range 120p - 140p with the odd peak above the upper range and a glance below.
If in a managed fund your statement shows no change at the quarter end !
You will have paid fees to the fund manager and only they are no better off. They trade your money with algorithm and then give you £0 gain. But what have they made while you could have ecen lost? Do they care? Not at all.
Suppose hypothetically, a share price moves intraday say 6p 4th Jan / 10p 11Jan / 8p 3rd Feb (as did VOD) within a range of 120-137 and during this time also moved 2% 3% or more most days in the period and by averaging in and out the trader took some of these gains in the 3 month period you could have travelled say 60% plus gains.
Who does best? The active trader - on even 3 trades a month or the fund investor back to where it started?
On a stock like MCRO, hit it right and you could make 30% per month.
Buy low / sell high amd don't pick crocks.
A stock travels more intraday, intraweek, intramonth up down up down up down. Opportunities galore.
I aim to travel rather than arrive and build up a bit of a holding along the way.
Not rocket science.
DYOR
NOT A RECOMMENDATION