Member Info for psmith64

Dipped my toe in for the first time this morning on the early drop and showing a 10% gain already.

I think it's going to be a keeper.

I really see this share coming to the rescue when EV's take off and the National Grid needs a bit of regionalised support with energy generation at peak times.

Any idea why the dramatic one day rise.

Is it worth a punt ?

I agree with the thoughts on this thread.

I look at when I sold the majority out in the 600p range because it all seemed too good to be true sitting on the massive profits that I did back. I even made a bit more on the way down day trading.

The big but here now is ITM Power is in a far stronger position than it ever was when it was pushing out over 700p yet we see it now heading towards 100p again.

I feel its way undervalued at today's price for the potential that now lies ahead and with the Iran war now bringing energy security to the forefront of many minds I believe ITM Power will play their part here and in other countries too.

Once ITM Power bust through the 100p mark and that like anytime soon then the rise to 200p in the not too distant future is quite a possibility.

Who would want to be a shorter on ITM Power at the moment? Some will be getting well and truly burned at the moment.

I agree.

As a long term holder who sold a large proportion of my ITM when they were in the 600p range I held back a tranche for times like this.

I visited the factory in 2016 after buying the majority of my shares in the 6p - 15p range.

It's easily been my most rewarding investment ever and I believe we are in for a great 12 months ahead.

Some great progress being made of late.

You really get the feeling that a really big news article is going to drop and we see the SP rising above 100p and beyond again.

Here is to a good future ahead.

Having been in from around 2017 where I purchased most of my shares at 6p - 15p and sold out the majority at between 550p - 700p when things looked to good to be true I did retain a small holding of circa 10,000 shares as I believed one day the good times would come back.

I still believe this and think the over the next five yeas we will see a return to over 500p

I will be buying more sub 100p for a long term hold.

Looks like there was a big buyer in the market today looking at the current volume of circa 18,000,000 hence the rise this morning.

I think we will see this going north of 100p again in the near future with future projects in the bag.

Let's hope they are all proved wrong

https://www.hydrogeninsight.com/electrolysers/hydrogen-electrolyser-maker-itm-power-is-the-most-shorted-stock-in-london-says-market-data-firm/2-1-1414279

https://www.hydrogenfuelnews.com/hydrogen-fuel-cell-honda-gm/8557202/?no_cache=1677085811&utm_content=cmp-true

And yes if I had not bailed out at that initial 320 I would have gone on to make a lot more, but I was happy with what the 2500% profit gave me.

Some of the longer term members on here slated me a couple of years back for my stance on this one.

One of my philosophies in my 35 year stretch of private investment is " never get too greedy "

When I saw my early investment here showing 2500 % I had to sell out a major part of my holding , easily my best return on any stock market investment in my life and I used the cash to investment in that bomb proof investment of property, job done as far as I was concerned.

I almost got hounded off the board for predicting 175 at my first bail out of circa 320, glad I listened to the voice in my head.

I did reinvest at circa 320 after my first bail out and again in a short space of time was once again sitting on a 100% , where could you get that sort of return in under a year, so my let's not be greedy head kicked in again.

I have been investing again in recent times below the 100 mark because there is still a lot of positive ahead and I think it will be third time lucky again on this one over the next 5 years which was my first investment term.

Never get a greedy head in investment would be my simple advice, it saves a lot of pain and will bank you profit.

And the SP goes down.

Been using the last week as a good buying opportunity.

ITM Motive mobile green hydrogen refueling solution

https://www.nanosun.co.uk/post/itm-motive-and-nanosun-collaborate-to-provide-mobile-green-h2-refuelling

Looks like with 15% swings over the last few days ITM is becoming a good day trade again on the dips.

A good way to make some gains whilst those of us that bought in a bit higher sit on our losses.

Makes things a little less painful.

This is a good read and covers some projects in the UK.

https://www.building.co.uk/sponsored-content/a-new-chapter-for-the-oldest-element/5119447.article

Not really nuri considering I could have held out and made over 5000% if I had held out and waited for the top of 700p , I was happy with 2500% .

I took the time to go and visit the factory 7 years ago , speak to the directors and was comfortable ro invest a few thousand pounds at between 6p to 20p and had a hold time frame of 5 years and them review, I believed in the potential and stuck with my gut feeling over that time.

I didn't quite understand the fast rise from 40p to 300p , hence my prediction it was due a fall , hence I sold out and took my first profits.

I do feel sorry for those that bought in at 700p , that was a massive gamble after such a rise , for me that was the start of the second sell off.

Now it's the long five year wait again , but its surprising how quick five years goes in investment time.

I have seen it so many times in
investment where greed takes over from reality.

As has been the case when I have shared my investment philosophy on other boards when declaring a cash out followed by a prediction, I got abuse when sharing my views as was the case when I sold out at just over 300p a couple of years back and banking over 2500% profit.

I then predicted a buy back price of 175p , admitted my mistake and bought a smaller holding back at just over 400p , subsequently sold out between 700p to 500p along with a year of active day trading . I now sit on a very small holding which is currently showing a loss.

I bought some more in recent times at circa 160p and will now hold my residual holding for the next 5 years as I believe the next 5 years will see major growth with 700p plus and beyond not being out of the question because I believe with what has happened in Ukraine, Hydrogen is the key to energy security throughout Europe.

Never get greedy in this game . Even with the small loss I am now showing, over the last 7 years this has been my best investment ever in 35 years of investing and enabled me to invest in property thanks to not getting greedy and hoping for more.

Let's not forget after the successful trials of 20% Hydrogen pumped into the public grid around Gateshead which ITM were part of as the HyDeploy project that the 5 national gas grids are looking to roll this mix out across the 5 UK gas grids from 2023.

This really has the chance to put a lot of work ITM's way.

This is major news concerning the potential of the planned 20% mixing of hydrogen across all five UK gas grids planned for 2023. There is going to be a need for many GW of electrolysis to achieve this.

ITM are in the right place at the right time with their manufacturing capacity........

https://theenergyst.com/hydrogens-big-win-at-winlaton-as-northern-gas-succeeds-in-mixing-green-h2-into-home-supply/

Has to be good news for ITM share holders.