Member Info for OWLS

In that instance you would have been better selling and then buying back when the share price changed momentum. If it lost 50% then you would need a 100% gain to get back to breakeven.
If you had followed the 200 day rule you would have bought at 82p in Jan 13 and sold at £4.22 in Apr 14 (411% gain), bought at £3.09 in Nov 17 and sold at £7.73 in Oct 18 (150% gain) and bought at £11 in Mar 20 and sold at £23 in Feb 21 (109% gain).
Total gain would be 2,200% and you would have only tied your capital up for 3 years. Average return 733% per annum.
If you had held since the start you would have made a 833% return (still very impressive) but you would have had your capital tied up 11 years and would have had some very worrying drawdowns during that period. Average return 76% per year.

EFFIX - you never mentioned the word "zone" in your post.
I must admit I don't know what you mean by it, you are the only one I have come across that ever uses it.
According to you, it hasn't even passed the 400p zone yet, how big is this zone of yours?
Perhaps you confuse it with your playzone?

Not so sure about a leap of faith, perhaps balls of steel would be more appropriate.

"I believe we are near the bottom of the current range. You can wait for £21 but that would be missing the profit from here until £21. "
Value, you have been bullish on this since it was well above £21 so you will have lost a lot over the last few months. Nobody knows what the bottom is, follow the 200 day rule and you won't suffer too much, you won't get in at the bottom or sell at the top but you will limit your risk.
Following the 200 day rule would have had you buying at £11 in March 20 and selling at £23 in February this year.

Oh Effix you have excelled yourself.

“ I doubt it will move again to 500p"

Today's opening price - 500.5p. Even you haven't been so wrong this quickly before.

It all depends on the price of iron ore, this is very volatile so FXPO will continue to be very volatile.

Wait until it is above the 200 day SMA, currently £21.

Nobody knows when the next maket correction will be. Probably best to stay invested and SMT is as good an investment as any at the moment.

Agree, he does moan a lot especially with such a small investment. He'd probably be better putting itin a bank if he gets so stressed with a couple of grand loss.

Any reason for the recent falls ?

Matthew,
This is the message I received after my first request.
"We are able to provide you with the Tax
Vouchers for Swiss stocks, please confirm the stock name and the specific
payment dates of the Dividends you would like the vouchers for and we can
arrange for these to be sent to you."
I provided the dates and they sent the vouchers to me in the post.

I am with them and they sent them to me in the post without charge, no problem.

"Sad git NH....moaning to LSE again to remove a post?"

Yep, another one of mine removed, I was only responding to him calling me pathetic.

What I would call pathetic is somebody posting hundreds of comments criticising a share that they don't own.

I think you will have to account for the divi.
With such little knowledge I don't think you should really be spread betting, the majority lose money.

DANL90, you are correct, I got that wrong, hands up.

Big gains yesterday, a retrace today and it's all down to short sellers. Yawn.

It is impossible to buy at the low and sell at the high. The 200 day SMA is probably the best rule to follow, buy when it is above this and sell when it is below.

The share price is lower now than it was back in 2008 but if you'd followed this rule and invested £100k back in 2008 it would now be worth over £1.3m. That doesn't include divisidends.

The big gains would have been buying at 30p in June 16 and selling at £2.70 in March 18 and then buying at £1.55 in May 20 and selling at £3.63in August this year

Current 200 day SMA is 383 so needs to show some positive momentum before it is a buy signal.

This share is a money maker but it's all about timing.

Not that simples.
If SGC board negotiate a higher percentage then the NEX share price will fall accordingly and the benefit to SGC shareholders will remain the same.
It is a merger not a takeover.

That's what happens, not everything is correlated with the FTSE.

OWLS
So what you're suggesting is, if you invested 100k in a share, and you are currently 12k down so it's worth 88k, you may be better investing that 88k elsewhere in something maybe with current momentum, taking the 12k loss which you can offset in your tax return and hope this newer investment gains and doesn't lose you more money ??

Basically yes. If you think NEX is the best investment out there then hold on but don't hold on just because you are showing a loss.