Member Info for OWLS

Not nice at all today, very disappointing given all your positive comments recently. You obviously know as much as the rest of us.

Still well up over the last year so shouldn't complain I suppose.

It is a general statement, there will obviously be exceptions.
If you know something the market doesn't then yes you should invest but generally you are better buying shares with positive momentum than negative.

"Its only a 100/1 gamble if you don't make the right choice."

You don't know if you've made the right choice until afterwards.

Holding long term is not a good strategy - nearly all the gains in the stock market are made by just 1% of companies.

Ocado may be one of those but it's a 100/1 gamble.

Averaging down is not a good strategy, what is falling tends to continue falling.

Momentum is the best strategy in investing and EMG certainly has it at the moment.

Good to see it back over £70, up 20% over the last month.

VP, you claim to have made great profits trading OCDO but you held them all the way from the high 20s down to the low teens. You don't have much credibilty in here I'm afreaid.

Reebit, I think it's irritation at the number of people who quote the UT as a buy.

If you want to learn, don't use BBs, it's generally full of idiots !

To be fair, you were only 1 day out !

"here we go 260p this week"

Unlikely

I wouldn't be buying until momentum changed.
Following the 200 day rule you would have sold last August at 363p, having made a 134% profit.
This would follow on from the 779% profit you would have made in 2018 following the same rule.

No logical reason why it would repeat last year's trend, more likely to continue falling.

All I can say is that it works in most cases, as in the example quoted.

It is a form of momentum trading, this has stood the test of time.

You don't buy at the bottom but you avoid falling knives.

It's better to miss out on a 20% gain than suffer a 40% fall.

HALIFACTS

"OWLS, just take a good look at that simple rule again for us. I think the reason for bigpunt's comment may become clearer to you. :-)"

No, not any clearer I'm afraid.

By following the 200 day rule you would have bought in April 21 at 238 and sold in March 22 at 317, a nice 36% profit but more importantly you would then have avoided the subsequent painful 40% drop.

But you avoid losing a fortune with dogs like this !

VP, given that you are not invested here, why do you post so much ?

Simple rule. Sell when the price is below the 200 day SMA, buy when it is above it.

No. 200 day SMA is £81.