Member Info for Paul2566

Anything could happen, it could be a winner or it could go pop.
However if it gets to £1 in 5 years, thats a worthwhile profit by any standards.
Personally I wouldnt plan on making a mint overnight, if it were to make an SP of 64p in 5 years that would mean its doubled in value year on year for 5 years, and thats a very rare event worth being involved in.
But remember there are only two things we can absolutly count on, and neither are pleasant.

I think MXC is still operating at a loss at the moment, but the margin has narrowed considerably, and hopefully should hit break even in the 2021-2022 FY.
I also had a sniff around KNB, but at the moment MXC looked to have more short to medium term potential. I do like the vape pod avenue and this could I believe be a big area of opportunity for KNB. But I am unlikly to hold both stocks at the same time.

As far as I can tell I believe it closed around 9.7% up on the USOTC.
Last SP in Aus was 1.4% down.
Personally don't see reason for a 20% increase today, but of course its always possible.

Its not unusual for stocks like this to be subject to day trading, I wouldn't be unduly worried.
Think about your rational for buying in the first place, has anything changed to impact that decision, if not then forget about it.
I would expect quite large fluctuations in this SP for quite some time.
In addition this type of stock is frequently driven by sentiment rather than fundementals, after all its very difficult to do normal valuations, and much of the value is on predicted earnings, which is like chasing smoke.
Paper loss while unpleasant only becomes a real lossat the point of sale. Having said that if one feels the situation has changed concerning the initial decision to buy, one should not be afraid to take the loss, and invest elsewhere. Far too many hold in desperation, only to see their losses increase dramatically.
I personally bought MXC to hold, as I feel its wirth the risk given the small sum at risk. However I don't love any stock, and if I think I can at some point sell and re-invest at a lower price point, of course I will. For me in this instance it only becomes worth the effort if I think I can increase my holding by 10% on the trade.
I personally don't think this stock is suitable for those very new to trading, and would advise trying some sort of virtual trading platform at first. Its much easier to get the habit of developing unemotional trading decisions when its not real money. Even the there are times when even experienced traders can make poor decisions based on fear or sentiment.
I think this stock is worth a punt, but I wouldn't hold this as more than 5% of my portfolio at present. But I am quite risk adverse, and accept we all have a different tollerance to financial risk.

I've found a lot of the forums are much the same I'm afraid. The ones with alow SP seem to be the worst. I guess it may be new investors with no experience buying 10s of thousands of shares for pennies thinking they will be rich by xmas. I personally only bought £2k worth as I see there is potential, but essentially I've just mentally written it off. Most of my portfollio is mainstrean stuff which is slow and steady. This is a very small percentage of my investments, but from what I have read its worth a risky punt.

I hold in a BED as ISA full till the next FY. Plan to buy in the ISA to the same value, but hopefully on a dip, and sell the BED shares on a high. Then just forget about them in the ISA for the next couple of years and see what happens. I think MXC has potential, but be warned this is a high risk investment, which is reflected in the SP, once the company breaks even the risk will diminish and the SP will rise, but at the moment its losing money and has less than 12 months funding. However if all goes well it could also make me a good percentage of profit. My investment in MXC is a small percentage of my portfolio so I am happy with the risk. So for me at the moment it a hold.

Jack,
Thats a big punt on a newish stock thats not yet profitable.
I got drwan into ARB to the tune of £50k, got out and made a few k when I came to my senses. Strangely enough what made me decide was the SP and rate of rise. Looked like a disaster waiting to happen. TESLA is another example of a stock I steer clear of. I'm just not happy with over valued stocks that rise on sentiment and no substance to back it up. Some will make a real killing but most will take a hit. Shame because I think ARB has a good management team, but madness has driven the SP way too high and there will be a correction at some point.

Made a small buy today only a little over 40000 shares.
I agree this stock comes with above average risk, so limiting my exposure.
However it could very well be a good company to get into early, IF things go well.
I,ve read a lot of information abour MXC, and it looks promising.
I will however hold off further investment until they reach break even.
In 12 months things may look different.
I do expect this stock to be quite volatile for the foreseeable future so will hold through the inevitable drops.
If its trading at £1 in 5 years time I'll be very happy, if its 2p it will teach me a lesson. Win, win.

Its just a re-post of an article on the Motley Fool, not much original thought I'm afraid. Just a click and paste exercise.

I certainly will not bother, can't see any reason to.

The statement made by teofore is correct, however exactly the same can be said of Tesla.
It defies logic, but its happening.
I have bought and sold ARB several times and made profits.
I don't hold now but am watching the price and may buy in if I feel its the right time.
Its generally a good thing to have access to different opinions, it dosen't make me buy or sell, just provides food for thought.

I apologise for the double post, no idea what I did there.

I read that SSE is redeeming 600m of capital securities.
Does anyone have any views on this?

I read that SSE is redeeming 600m of capital securities.
Does anyone have any views on this move?

I'm waiting...............

Mark
Sorry no idea, I would expect £1.5 as not unreasonable for such a young fast moving well managed stock.
I have a very simple set of objectives, and there are no sure fire get rich quick schemes, if something is too good to be true it usually is. Look at Tesla, that stock is way over priced and although I like the company wouldn't touch it at the moment.
I aim to make 5% profit above inflation, which I achieve consistently year on year. Lately thats been nearer 10% above inflation. ARB is a stock that I think can achieve over10% for the next few years. All stocks and this one especially at the moment move up and down. If there is sufficient difference in the range I take profit and use that to increase future holdings. I dont like day trading but this stock often provides opportunities in short timeframes. Most of my portfolio stocks I have held for years as they are less volatile.
I think a lot of people on here are new to trading and just got lucky with ARB, and thats great, but luck only gets you so far. Stocks are just like poker, its not about luck its about risk management, but sometimes people just get lucky with a hand, however over time risk management always wins.

Not a lack of belief, at least read my post. It wasa lack of self control over astock I think will do well, but if there is a black swan no one could afford to lose 50%. Just needed to reset, and took the opportunity to take profit. I wasn't confident holding over the weekend because this stocks SP is so closely bound to BTC, and over the weekend I am unable to buy or sell ARB. A lot of people on here talk as if they own ARB, they don't. For me its just a tool to make money, I have no emotional attachment to it, and I nly make money when its in the bank. Until then its all just paper profit.

I was over £9k down on paper this week, got out at 94p with a few £ks profit.
I got over invested in this stock and at one point it was 50% of my portfolio, just lost self control and lacked discipline. I don't usually have more than 15% in any one stock and never more than 20%.
May take another run at it next week, just didn't fancy being in the market over the weekend with no control.
I think ARB will do very well, just that I want to be in cash over the weekend, if it shoots up on Monday I may miss out but I can live with that. There is always anothe day and another stock.
I wish good fortune to those holding over the weekend.

Currently I'm seeing resistance at $32482 and support at $32311.

Looks like there is resistance at $32.5k.
BTC has had a good day so far. If it pushes past this resistance it may maintain todays momentum.
We can only hope.
I agree if it holds over $32k thats got to be a good thing.