"I'm going to keep my direct share holding which is considerable for me, but going to try trade the swings in the sp"
Exactly what I am trying, but not so easy as my buy price of 12.1p for additional shares was too greedy so watched it rise back from 13.5p to over 16p without any extra. Also, difficult to know when to sell: one gets tempted to hold the additional shares when we see the price rising strongly. In principle should be easy as price will probably bob around the 13 to 16p range until September but in practice it will almost certainly not be so simple.
" If I do decide to buy in at 13-14p, I will be setting a stop loss at 10p."
10p is less than 26% down on Friday's UT of 13.47p. Not a fan of Stop Losses as after my first two years of trading was thinking that a better name for them would be Create Losses. However, that said, SXX is my one share that could have benefited.
Had the right to buy 41,000 shares at 15p in the 1 for every 22 you own offer, but decided not to as I was already in too deep and had the feeling (thanks Stage 1) that it would drop well below 15p. So if I was going to risk buying even more the averaging down had to be significant and therefore put in a chunky buy order at 12.1p, which I've now cancelled as the SP dropped faster than expected. I make money on approximately 80% of my purchases but this share is really really hard to call!
"Why don’t you just divide the total paid by the number of shares to get your average? It’s pretty fool proof."
That is essentially the way I look at my average, with
total paid = total debits (for buys) - total credits (for sells)
taken over one's entire history with a given share. Then divide by the number of shares you currently hold.
You can end up with a negative average if you have traded very successfully.
" if only I'd sold off at 37p"
Lots of us are thinking the same.
Said I wouldn't buy more, but I've cracked and put in a chunky buy order at 12p. Believe in this share long term, but short term just cannot predict it, so worth a shot. Got to recoup those losses somehow!
"What do we do....?"
thanglan, I ask myself the question, "Would I invest a sum equivalent to my current holding right now if I had no past history with the company?"
If the answer is no then sell, because it means you believe your money would be better invested elsewhere. It is hard to detach oneself from one's losses but it's better to remain unemotional where the market's concerned.
"The scrip reference share price for those who are, or who will elect to become, participants in the Programme in respect of the Final Dividend is 94.44 pence."
That's more than the current price. What's going on?
"I’m down around 200K ha ha so a long wait until I can bail out. If I get back to 100K down I’ll probably will sell all my holdings."
Decided to bail at £1.09 when I was about 50% down. Can't see anything happening soon that will reverse the downward trend. It's approximately linear over the last 4 and a half years and will hit 0p in less than 2 years at this rate.
"Fellow Barclays clients - the ham-fisted way they've dealt with the OO - which they incorrectly call a "rights issue" - doesn't leave one with much confidence in their ability to get things right."
Totally agree. Just shows you don't need to be good at what you do to be in business, just believing you are good seems to be sufficient.
"I am with Barclays and heard nothing from them."
Par for the course for Barclays, unfortunately. Their system hangs about 40% of the time when one wants to trade - usually when it's VERY important. Needless to say I am closing my account with them.
"Many of you deal with HL as I do, but all other brokers as well, issue clear, unambiguous , straightforward explanations and instructions, calculations and cut off dates dates, with tick boxes for options."
Agree with you about HL but unfortunately all other brokers certainly do not issue clear instructions. As I've stated before, Barclays are a complete shower and show SXX as having gone Ex-Dividend on 1st May and they still show it as listed on the AIM (perhaps a reason why some on here think it is). Barclays have yet to issue any instructions, so I can only assume that must be true of other brokers as well.
"Been my most successful trading stock ever."
Last August quite a few others on this board would have been saying the same but it really doesn't take more than the odd mistake (aka not selling last August) to completely destroy your gains.
When we succeed we take pride in our talents and when we fail we feel foolish, but never forget that sheer luck is playing a huge part too.
They are all there and definitely not in my cache. Here's his last post:
Life30 Apr 2019 19:06
Eustus......quite.....it certainly made me smile.....what's a forward looking statement....
Amazing isn't it, the amount of ****ging off in recent days re stg 2 update not coming out.......877 posts as it stands now......I can't say I've read too many (but at least the grass got cut today) but I'll bet none of those sticking the knife in have back tracked.......just moved onto the next attempt to worry all.....but all the time the work goes on......and will
And the second to last
Life30 Apr 2019 17:12
OR......yes I do.....I doubt that all this would have been set up if there wasn't a great amount of certainty around delivery.....
...TDT....really...am I getting deja vous?......or are you just copying and pasting the same thing OVER and OVER..... I wonder why....... ?
There'll be a perfectly good solid gain to be had from this in time.....and not as long a time as some make out.....and for those who are in for the full story......there will be dividends.
For us, this project is one of the best things to happen in the North East and we're proud to be part of it........rose tinted spectacle my ar5e........ it's about so much more..... the trouble with too many is short term greed......manipulation and spreading disaffection.....this project has had and still has many who would wish to see it fail....but time after time seemingly against the odds, every hurdle has been overcome......
......bash and manipulate as much as you want.......and all that do will lose....because the greater good is already happening......900 direct jobs, 66% sourced from the local area....245 indirect jobs and over £200 million into the local economy.........we're in this for the long haul.......not htat it is such a long haul any more......and proud.....PROUD to be part of it!!