Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Prion25
Yes you are right with that.
Why does this share always drops off a cliff around lunchtime.
It has gone from nearly 240 last Friday to nearly 210 for no apparent reason, come the end of the week and we could be back in the 100s again
Just when this share was starting to go North, the BBC decides to bring this out, fully expect this to go down today, it's about time the government did something about China exporting cheap goods into this country, it is not just the clothing it is every thing else, this country isn't on a level playing field with China.
The trouble with asos, and boo, and a few more, they are up against Shein and the trouble is their is no level playing field here, Shein is getting a foothold in the UK and such as ASOS BOO and the likes can't do nothing about, the government should have done something about Shein a long time ago.
Alanthomas
I have had another look at my trading platform and mine also allows this, it was quite a few years ago when i was caught out, and since then i have never looked at stop losses sinse then, i use a lot of limit prices to sell and buy though.
Morning EyeQ
I would never set up a stop loss, reason why say it is on CWR and you put the stop loss at say 180 and then they bring an RNS out in the morning and it is bad news and it drops to say 100 first thing, your shares will be sold at 100 and maybe they then recover later in the day to say 150 you have lost out big time, it has happened to me only once and never again will i put a stop loss in.
Unplugged01
Yes I can see your point with that one, everyone has got to have a price in mind when they are going to sell.
Those days when you bought a share and got a share certificate and you put them in the bottom drawer for years on end, are long gone now.
How many times would you have missed the top price if you just hang on to a share for 5.8.or even 10 years, you only need to look at all the shares that have had very highs in the past, only to see them 50.60.70 percent down on the highs.
EyeQ
I don't usualy keep shares for the long term (too old for that) i like to be in and out of a share when i have made 1 or 2k i only keep a share if it goes down when i have bought into it, and then sometimes i will try and trade the share to try and cut my losses, sometimes i would have been better off keeping them long term ie RR, but i am happy doing it this way, only get frustrated when i buy a share and then it continuly goes down every day like this has done.
It is eveyone to their own way of dealing, i don't blame anyone for keeping long term if it suits them.
Mr Profit
You are correct in one way, but for some on here {not me} could have bought at some dizzy heights of say £10 a share, in my mind they are never going to get so high again, like a hell of a lot of other shares are not going to go up to the highs, like ASC, £30 a share,ITM £5 a share, BOO £4 a share, CCL £35 a share the list goes on and on, even if you keep them 4-5 or 10 years imo i don't think they will get back to the highs of before.
Unplugged01
You can do with it with a lot of shares, not just penny shares, I have done it with WOSG, OCDO, MCG, it is very risky sometimes and you need to be watching the shares all the time, I am retired so I can watch them.
Unlugged01
Yes it is a gamble to do this, you are hoping the share price will decrease so you can buy them back at a lower price, but the way the shares have been going this last 6 Months up down up down it is easy to do, you could get caught out if suddenely the share price scoots up but that is the risk, i have done this loads of times with BOO, i have 50,000 shares in BOO and when they go up a penny i might sell and wait till they drop a penny every time i make 500 pounds, no tax to pay on them as well, not everyones cup of tea but at the moment only way to make a bit of money.
JOHN007
You have got it spot on with that comment, I sold all my shares last week and the beginning of this week, bought them all back at a lower price.
1863 has 8000 shares if he had sold those 8000 shares say at 210 last week and then bought the 8000 back when they dropped to say 190 then he will have around 1600 pounds extra minus costs in his account, and still have the same shares, or he could have bought more shares with the extra 1600.
Yes 01
Maybe I have jumped in too soon buying them all back at an average 193, but the trouble is you just can't time everything right, nearly all shares that I watch and own seem to be going down nearly every day with the odd occasion going up.