Member Info for mdmckea

@mrJimV - good posts Jim.

I've just bought more, but that's the last of my 'dry powder' funds. Now to sit back with fingers crossed

KBYK: It was actually a little more than 50 shares :-)

But that's my concern. I've done OK with this practice so far.

I sold my entire holdings at 4:15 yesterday for 112p per share. I have such faith in this company that I'm looking to reinvest that cash today and, if the SP is at 108 or below, receive a greater number of shares for it.
As all investors know however, it's almost impossible to time the bottom of the SP. I'll see what 14:30 brings....

@RB26 The reason for the sell-off, according to yahoo finance, was inflation fears.
https://uk.finance.yahoo.com/news/ftse-100-european-us-asian-markets-latest-update-inflation-fears-074233789.html

@Dip666 - Great post. There are many of us who, like yourself conduct the due diligence TA & FA) on a company, check the economic calendar, and review high-level global macroeconomics that may affect the share.
There's a great deal of good information available on these BBs - shame about the rampers and de-rampers.
All in my opinion of course - Good luck to you all.

IMHO - Two recent quotes:
Warren Buffett's comment at his recent Berkshire Hathaway shareholder meeting of "We are seeing substantial inflation"
And Janet Yellen's statement today: "Interest rates may have to increase somewhat to keep the economy from overheating" These are upsetting the US markets somewhat.
Energy shares are a great thing to have though....

Thanks Jonny. I've known PIs who have sold their shares in panic then, when the share price later rises, not only to what it was at open, but well beyond, they've been physically sick at the money they've lost.
At the moment my loss is only on paper and, like you I'm confident of the future of this sound company.

A long time ago I learned (along with many other investors) that although the stock market should involve the buying / selling of stocks based solely upon analysis (both fundamental and technical), a large part of those sales / purchases is really based upon sentiment.
Some hedge fund managers make a lot of money, not only by short-selling shares, but also by calling in their favourite tame MSN 'financial reporter' and, without being too specific, denigrate a particular stock's current standing. Careful phrases such as 'the data suggests' and 'my understanding is' and so forth. See some of Ray Dalio's videos - they're quite revealing.
For me, RR is a quality company with enormous potential so I'm quietly buying when I can, knowing that my future returns will be very attractive.
IMHO of course - GLA

Wish I could give you more upvote recommendations Dude.

@Hindy86, I'm staying positive too. Charting RR on yahoo finance I can see a peak of 134p at 3rd December 2020, lowering to a dip of 91p in February 21, then back up to a peak of 127p at 17th March.
I'm hoping that forms the 'cup' of the 'cup with handle' chart pattern, as I see a rough 'handle' to the cup forming next.
It's about time that the share of a company the quality of RR began to perform as well as it should in the markets so, fingers crossed for the future. GLA

That's a lot of red Rocky. But, what goes down must come back up - and that's what we're here for. Good luck mate

Bought another block this morning thinking it wouldn't fall lower than 113. Then it hits 111 Lol. ??
Still, these are bargain prices for investors so I'm happy enough. Like many of you LTH I'm hoping to be pleasantly surprised at the SP in 2 or 3 years time. ATB

I remember looking at the recent SP hike to 127 and thinking (like most others) "Damn, wish I'd bought more while it was cheaper".
Well, I'll get chance to top up today I think... GLA

I would hope for £2 by the end of July. GLA

Holding. This company has so many positives that, as an investor, I'd be foolish to sell. Fingers crossed for tomorrow, and if it dips I'll buy more. GLA

I've read through many, many comments on this board and I'm grateful for such a wide spread of views.
I've continued buying RR up until recently and hold many thousands of shares. I still have faith in the company so will continue to hold. Having said that, if it all goes horribly wrong I'm in the fortunate position that I can afford to lose my entire stake - not that I want to!
But I don't think that will happen. I've reviewed the status of the company, their order book and their product. Yes, I know we're in difficult times, but it can't last forever. If it does then I'd rather invest in fine wines and sample them all.
GLA.

My average is 97p, but with the winter almost behind us and a (hopefully) decent summer ahead, I feel more positive for the long term.

I was lucky enough to buy Redrow at the end of last March when the shares were at £3.48. Sold them all today at a good profit and bought more RR shares.
I know the SP won't rise quickly, but rise it will. And I'm a LTH so fingers crossed.
Good luck all

It was in an earlier post from @Stockraiser:
https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html