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Looks like you'll get your entry point today. I was hoping for (but don't think I'll get) slightly lower at 120/121 for one last tranche, as need to average down further before starting to trade to reduce my loss. Put a limit order in, so the SP will do the opposite and now rise, but all good as shows strong support. Either way quietly optimistic that the new F/Y will kick this back to 127 and above shortly.
Good call both - wish I had done the same as I watch the hard earned gains of the last 12 very painful months disappear! Tired of constantly buying in lower to average down only to see the SP fall further.
We are approaching oversold territory, so I am still quietly hoping that we will reach a bottom and head North again. But no idea how low the bottom will be this time of course! Any glimmers of hope welcomed.
I have been considering a similar strategy but not for the dividends i.e. buying shares 2-3 weeks prior to ex div date but selling just before ex div to take advantage of the hoped for rise in SP and before the drop. Based on my experience of shares in my portfolio, where the SP has dropped far in excess of the dividend collected, I would have been much better off selling before ex div!!
Excellent post Davielad! My thoughts are the SP holding pattern seen in Dec - mid Feb appears to be over and the SP has risen slowly and gradually (with the usual fall backs) from 108/110 to 120/122 range (excluding the very welcome spike to 127.10). If the rise continued, and assuming continued progress on other fronts (relaxation of restrictions, rise in travel, sports events, advertising etc.), I am hoping for 132 -136 by end March and a move into the 140's from April. As a LTH, I averaged down last year but still have some way to get to my new and 154 average. Plan to start trading on swings to further reduce my average if and when the the p SP reaches the 140 level or earlier if the range stabilises. Interested to hear others opinions on prices and timescales.
Can anyone explain the occasional 'blink and you miss it' intraday share price spikes that occur occasionally, accompanied by erratic times for published trades? Had one at around 13.05 today for 1266.76 SP with published trades jumping times from 13.04 straight to 13.32 then back and forth? Are these large trades that will be published after hours?
Good point and perhaps the rationale for supporting a higher target price? With many companies being jettisoned due to reduced dividends (BP, RDSB, GSK,IMB, banks etc), the progressive dividend policy makes LGEN an attractive choice for II's/pension funds etc.
Used to invest a % of portfolio in 2-4 year CISA's and bonds at 6% until rates fell below 3%. Transferred funds to LGEN which generates the same safe and dependable income stream.
Possibly not but would need to know what Barclays based their high TP on, given other brokers have a 281-315 range mainly.
Don't have any positive experience of Brokers targets for shares in my portfolio personally, so am fairly sceptical, but would be a very happy bunny if this gets above 340.
I have held and traded LGEN shares for over 10 years and during that time can only recall the SP reaching the 300's in the period between Dec 2019 and Feb 2020 (301-324), so probably meant to read 315. That said I usually take broker targets with a very large pinch of salt and hold LGEN because it is a solid and dependable dividend stock. And, for those fortunate enough to benefit from unbelievable entry prices at 138-158 in March 2020 during the pandemic (prices not seen since 2012), a superb growth stock as well.
Fingers crossed Barclays are on the money. Really good to see solid buying volumes today and a strong finish close to the 52 week high of 287.10 reached on 05/03. If it can open and stay above the 1st resistance level of 285.73 tomorrow, next resistance is at 289.86.
Likewise I added a chunk yesterday at 47.6 and am hoping to average down with another buy pre results but I'm finding it difficult to assess whether the price is likely to dip much lower in a tree shake from current 46/47 levels to say 45 or even 43 support levels prior to then. Any views appreciated. GLA