Member Info for MattTheBrave

Thanks Steve. In fact, not only did I buy back in here, I initiated a new position in CMC markets which had fallen even further than IG!

...that the Chairman and new CEO have just ponied up £150k between them at £6 per share. Doesn't seem like there are a host of worrying court cases out there from their perspective......

Thought that might be your response. Just like the vast majority of amateur investors, you get lucky (your thesis was based on hysterical posts about court cases which will come to nothing) plus the market massively overreacted to a short term blip. But of course, you now attribute this to your own skill and foresight, when it clearly isn't. This will lead you to feel you actually know what you're doing (wrongly), and lead you to make poor decisions in future (eg selling out at a loss at 560p).
I on the other hand recognize that I might be wrong and I size my positions accordingly. Having bought originally at £4, I halved my holding above £9, and then started buying back below £8 and carried on down to £5.50 and have now re-built my position. Overall, my dealings in IG over the past 18 months have generated me a very healthy return, whilst I'm very happy to have a full exposure again at these levels.

It is well structured thinking like this which makes my contributions here constructive and helpful. Your snide posts like the one below are exactly why people won't take yours seriously.

Maybe in the end, I'll be wrong on this stock, but my approach works on average across a diversified portfolio, and that's what I care about.

BTW my index shorts on IG continue to be in a healthy profit as well!!

The point is not that there is risk - that's obvious. It's whether you think that risk is priced in. My thesis is based on actual expected earnings outcomes and valuations. Your comments here are emotive, and you have so far produced no numbers to back them up. Perhaps if you did that, people might take you seriously.

Hey Sis - IG have employed another Sis to run the Company. Presumably that will change your mind completely...? ;-)

Well it's certainly smashed through £6 if that's what you meant is....;-)
Regretting your sale in the 560s yet......

:-))

Well Bradders, I think the question has to be, are you really so scared that you're wrong on this stock that you cannot countenance any views which are negative and might shake your resolve further? If the answer is no, then you should be welcoming posts by non-holders as holders by definition will always be positive. Me and SS are providing valuable service, and you should be grateful...;-)

(You really do sound like GCC with the paid de-ramper nonsense. You only have to look at all the other stocks I post on to see that. Then again, your technology abilities are poor- you haven't really got the hang of this filter thing at all have you....bless)

Copying and pasting previous posts, eh? Looks like you have indeed become like GCCRa as predicted. What a shame........

Another 10% fall in the UK from here, and I'll start to close out my short positions. I think the US has quite a lot further to fall though! Been a long time coming......

:-)) Now don't be so coy Brad, you know who exactly who it is - you're not fooling anyone you chump.

.....along with his money. A very sorry story indeed.....

...looks like it has yet to make any sales, and lost £95m in the first half of 2018. Won't be long before they've burnt through all their cash and have to raise more debt or start D4E swaps- sound familiar anyone...?;-))

Yep. another sure-fire winner Brad, well done!

Brad- if you read my post properly you would see that it was not the £600 I considered significant, but the more than £30k you pi55sed away on a single stock. TBH, given these losses I'm somewhat surprised you can manage to pull £600 together! Putting a bunch of monikers down as your filter list is clearly meaningless you buffoon - your continued responses (and accompanying excuses) just prove this. However, if this were your filter list, the size of it says a lot more about you than me or anyone else. It shows a clear pattern of you filtering anyone who disagrees with your POV, and as this is likely to be a very large number of people, a large filter list would be the result. After all, filtering is the last bastion of refuge of those who have lost the argument, and your losses here are simply a reflection of this simple fact. Sad you won't be able to respond given your filter, isn't it - :-))

Brad - your constant responses to my posts, followed by how I've been filtered is laughable. Be honest now, you hang on my every word. - LOL. Shame your anti-missile knowledge didn't help you avoid this excocet, eh...:-)

Looks like SXX has been on the skids recently as well - your portfolio is collapsing around your ears!! I suggest you try and get out of your own way by selling up there and leaving this investment lark to those who actually know what they're doing. I can honestly say that that's the best advice you'll get on this Board. You're welcome by the way

Now you're really betraying your ignorance. Read the Plus 500 statement. Higher volatility leads to greater volumes/more trading, which leads to higher revenues. It's not rocket science you dummy.

HITS - I rounded the purchase price down to 4p (prophetic perhaps?). Shows how sensitive the calculation is to assumptions (as is always the case!)

I previously invested at 96p, but then bailed too early at around £1.30, and watched this climb to £2. Very happy to reinvest at 115p today based on 8% yield and near single digit PE. Plus 500 figures showed a rebound this morning with recent vol meaning a better than expected outcome and outlook. I also think that CMC could easily be a target for one of the larger players at these levels. We'll see. GLA

Yep SIS - you're falling into the traps that all inexperienced do. Allowing sentiment to cloud your judgment. This market Vol is absolutely fantastic news for IG. If you need evidence, this is from the Plus 500 Q3 announcement today: " Trading for 2018 is now expected to be ahead of expectations. Entered Q4 2018 with positive momentum, benefiting from recently increased volatility" Combine this with a single digit PE, high cash generation leading to a safe and yield above 5% you have an excellent buying opportunity. Needless to say, Sis has gone the other way.....

....to come out of the woodwork at these levels. I bet a number of them are running their slide rule over this as we speak!