Member Info for Milliethedog

Just playing 'devil's advocate' here so let's just look closer at the article from ii.co.uk dated 11 May.
SP on that day was 104p. After dropping to 100p the SP climbed to a giddy 126p in 3 weeks.
So looking back, at the time, that article was spot on the mark; BT was due to take off.
But go forward 2 months and the SP had collapsed to 97p; that's whopping 23% drop.
So maybe that article wasn't so stellar....

All i'm trying to point out is these articles need to be digested with a 'pinch of salt'.

As always....DYOR

M

Was commenting on NewSid original link (i think) Is BT heading for £5? Dated 11 May, that one NigeCo
M

This article, from 4 day's prior to the other one, (both from ii.co.uk) casts to my mind a fairly negative opinion.
Both articles 'out of date' when you look at all that has happened over the last 4 months
https://www.ii.co.uk/analysis-commentary/bt-shares-should-investors-still-own-them-after-dividend-scrapped-ii511579

That article is from 4 months ago; does it have relevance after all that time?
Dated 11 May when SP was 108p.

M

Just agree to disagree eh....
Then we can get back to BT
M

On 29/July the SP stood at 111p. 3 trading day's later it bottomed out at 97p (-15%)

Over the following 7 trading day's it climbed, via 106p, to 111p on 12/Aug (+15%)

Then all the way back down to 101p 21/Aug (-9%).....increased to 111p by 25/Aug (+9%)

Back down to 99p 2/Sept (-10%)....increased to 105p (+6%) over next day or so

Fell to 100p 7/Sept (-5%)....increased to 111p by 10/Sept (+11%)

You might conclude from this that there is resistance at that 111p level; dropped from it 4 times during this time period.

So am hoping, perhaps over the coming week, to be able to get back in at that 100/103 level if the trading range 100 - 111 continues.....or, perhaps a new, higher, range is forming.
Either way I hope some of you find this information useful.

GL all
M

Just speaking for myself, but i think Toff has a point here. I don't really put much trust in drawing lines on charts.
I've been trading within various 'ranges' since March; BT, Av, Lgen, RDSB, HSBC, Lloy...mainly. I stick to a watchlist of up to 8 stocks, no more. Keeping an eye on news & the share price. Have had to average down most times as i haven't bought at the bottom. But it's always worked out in the end.
With BT. I had 16,000 shares up to Wednesday. My last 3 buys at 96, 100 & 102. So many times i've sat here and watched my paper profit melt away. (anyone else?) So on Wednesday i thought dash it i'm selling those 3 buys; going to lock in some profit this time. The SP was 100p only Monday. So it's risen 10% since then. So i sold 3000 shares at 110p.
Ok, so the SP may well continue up; but after a 10% rise over 2 days i thought it may retrace. If it carried on up i've still got my 13,000 shares left.
So to sum up, i trade the high's n low's. The 'ranges'. Not one for charts, but if they work for some folks, that's great by me.
As long as your methods & strategy makes you money.....
M

Thanks ev,
my buys were @ 96, 100 & 102 respectivly. I have held onto the one's i purchased at 102 thru to 113.
4th time i've traded the BT low's & high's; a tad under 30% return since March madness. Sure BT will one day come good. Well undervalued imv.
Also, sold all my Lgen day before XD recently@ 239.6.....Bought back in today @ 200.4; will average down if needed as think they are another undervalued stock.
Also, need RDSB (Shell) to drop to £10....

GL all

Millie

Yep, i don't know much about Rolls. But i do know that several times i've watched my BT's rise, only to see that gain melt away.
So i just thought that 10% rise since 100p on 7th Sept (2 days) was worth locking in. I still have quite a few more which i will keep as i think BT is going to come good one day.
Effectively, I have gambled on a retrace tomorrow i suppose.

If it continues up then you can all blow me a raspberry & call me a plonker....lol
So here's one hoping it goes back to £1

M

Fin, you've replied to me on a differant thread, but i found it anyway. Thankyou.
So, £30 a share then. That's pretty toppy. At the current SP of £2 that's going to come to a whopping 15 times the present valuation.
Do you have any research to back this valuation up with that you can share with others on here?
Really interested to know how you came to £30 a share, seriously.

Erm...who say's i've made losses? Why do i need to chill?

M

Erm...did you just type £30 Fin?
Just to be clear; do you mean £30 a share?
M

Sold some ( 3000) at just over 110p
Was 100p only other day, so could be a few big boys cashing in at that.
If so i'll jump back in on any retrace.
If not i've locked in some cap gain & still have plenty left in should they carry on up...
Seemed like a reasonable strategy to me

M

Sam,
another one to add to Mrs Millie's 'Walter Mitty' list; plenty of 'em on here & ADVFN.
imv

M

Yep, Tesla off 15% as i type. Nas has dropped 1000 points since peak; it's just the start imv.
FTSE hasn't moved dramatically & BT seems steady. Bit surprised there.....

Got some RDSB @ 1,014, which i'm reasonably happy with.
Looking for Lloy to drop sub 26p now....
Lgen target 190.....now 201

Millie

A couple of nice reports there i think; Barclays & Mail news article.
Myself, I can't see the SP going to the 93/95 level some have predicted.
FTSE is treading water waiting for 2:30 US open; after last week there could be a continuation of downward pressure, ie; I see Tesla stock is off 10% in premarket trading. DOW futures not worth looking at until 1;30, for any direction.
A sell off would drop our FTSE which may see BT under pressure. A fall back to 100 might see me topping up again....
Watch n wait, as always.
Same with RDSB, need a drop of 39 to jump in at a tenner...
GL all
M

That's possible Nige.
Another possibility is that Jansen (CEO) realised that, because of the SP being so low, he was vulnerable.
He wanted to send these takeover shysters a message. To say' we are ready to defend ourselves'. So don't bother.

Nige; another poster on ADVFN spouting off about £10bn pension deficit needs you to educate them.....lol

M

In defence of Bob, it's not entirely his fault.
He's only reading what's written in the press re Pension liabilities.

Most folks don't read the Balance Sheet; but they do read newspapers........

On the flip side of that an awful lot of people fell for the 'takeover rumour' the other weekend, also written in the press.
Nothing more than a Pump n Dump...in my view
Folks tend to believe what the WANT to be true i often think

Millie

"pension black hole of £10bn"....

Over to you Nige; give it one last try mate.......lol

M

Exactly; spot on Sam. Been diong the same; in & out 3 times since March. Very profitable.
These one liners make me & Mrs Millie chuckle; like 'this shares a dog' & 'lynch the CEO'
Nearly always from investors that have bought in @ £5, £4, £3 & £2....who are pi**ed off.
I actually do get their frustration. But who bought the shares?
It's the same story on every message board i go on.....

Am long @ 108 (got in a little too soon)....but am not bitter as believe SP will come back to me soon....
Sub 100 (maybe 97/98) will average down

Millie

Would you care to give some reasoning behind that in depth comment Blow? The resaeach that has caused you to arrive at this view.....
Like Samroy, I too have been in & out of this stock very profitably.....

In my opinion a fantastic buy @ 100p both for the trader & long term investor

Millie