Member Info for psmith64

Delayed by the latest government bail out , the cash will run out soon, then the reality will sink in...........

Tick tock, tick tock, tick tock.........

ITM - new range 100p - 175p

FTSE 100 4500 - 5000p

Those who laugh first laugh last, remember 315p a fee weeks back ?

Tick Tock, Tick Tock, Tick Tock..............

Tick tock, tick tock , tick tock ............

I have added to the AFC board in the past. I went to their shareholders visit to see their product last year.

Very impressive.

I guess what has kept me here is the abuse. When that started all those months ago it just makes me want to keep posting here.

No abuse = no need to post.

I normally post only when people choose to put my name in a post head or goad me in another thread.

I am happy to keep quiet if no-one posts anything that requires an answer from me.

The usual suspects choice.

Yes, thanks to the government throwing more billions to prop things up that has been delayed.

The bank has also printed £ 150 billion for quantative easing to prop up the economy.

It's just delaying it all. They can't keep throwing this sort of money at it, Covid-19 is going to wreak havoc the next six months and further, then there is Brexit to contend with.

So no , the bloodbath has been delayed, my timing was based on furlough ending 31st October.

A very uncertain future ahead, it will affect the markets, not in a good way.

I stick with the potential of a 175p entry point here not out of the question.

Oops - Powerhouse that should be . I keep wanting to call them Powercell !

As I have said in the past, I am always open to reviewing my position. The Bill Gates news today is great of that there is no doubt.

But for the moment I stay with my gut feeling that other market dictators have the ability to drive markets down including shares that have a bright future.

A gamble I know, but would rather miss out on some future profit than lose actual profit.

In recent times I have hedged my bets in three shares using a little of my ITM profit that I believe to be undervalued, AFC Energy, Powercell and Velocys.

I will be back in ITM when the time is right for me, now is not the right time for me .

Good luck everyone that continue to hold.

Back to the abuse then SatellitePro.

Been there before, all BB degenerate to that in the end when someone with an alternative point of view comes along.

I won't be sinking that low.

Have a good evening, tomorrow is another day, Covid-19 is heading in the wrong direction, looks like lockdown heading towards end of January at least.

I guess the government will continue with the bailout.

Wonder if they will have any left to help businesses with Brexit too, I hope ao.

No Seaangler it's called knowing when something is too good to be true.

When I invested in ITM back in 2015 I was thinking that 100% was possible if all goes well, it was always a let's review in 5 years time share for me, I nearly hit the sell button at 150p .

I suppose yes, I was a bit greedy by letting it ride to 2000%+ , common sense told me that couldn't last and seeing the drop when Covid-19 came along spooked me a bit I have to admit.

I don't think it is greed to buy back in at 175p when that situation arises, common sense with the possibilities if the gamble pays off.

I certainly won't be aiming for the same type of position Ihad before, that would be greedy to think the same could happen twice.

350p is certainly possible sometime in the future if Hydrogen does progress as hoped, but it would need a £ 500 million order book to justify that price, all possible, but equally not possible.

That is the fun of investing, trying to predict the future right long and short term.

I am pretty confident of the short term, time will tell.

When Johnson resigns in the spring, that will cause more uncertainty on top of all the other existing uncertainty.

Tick tock, tick tock, tick tock.

Watch this space.

Don't forget greed is the downfall of many, I have been there when I thought I knew better than others.

DYOR........ deep research beyond the share. Sure the long term has the possibility of good potential, but their is still risk no matter what major investors have thrown cash in the pot.

We have no cash generation yet with ITM, everything is based on a maybe, based on the adoption of Hydrogen on a major scale. You don't actually need Hydrogen to get to zero carbon, zero carbon has been achieved in energy production by other long established methods which also benefit from solar and wind such as ground source heat pumps which many local authorities have been installing for years, we now have Tesla batteries for storage of surplus energy production.

I have seen millions thrown into AIM companies in the past, and got sucked in off the back of it ,I am £ 11,000 down on that adventure with one share, I didn't listen to the other investors on that board and who advised against the company, Investors Chronicle even recommended the share on occasion when it was over 100% infront.

Greed has the ability to cloud judgement.

I still put my name to 175p as being a realistic possibility to things well outside the control of any of us in these very unusual investment times.

1LEO......... there has to be a balanced view.

This is a high risk speculative share.

Somebody has to add some balance.

This share was still being pumped at 365p by the same people, look at it now ?

Enough said. I am not here to be liked by all, I am entitled to share my view and hopefully my view has saved some heartache somewhere.

I stick with my prediction, ,175p is a real possibility once all the bailout money stops.

The government have u turned, it was supposed to have stopped on 31st October, my prediction was based on that.

The government have moved the goal posts. You may laugh at my prediction now, but you won't when the bailout money stops and we know what the real fall out is.

Yes bad terminology Seaangler, I count anything with cash sloshing around in it that is accessible as a bank account.

No capita gains at all Seaangler, all my shares are held in ISA's and SIPP's , both mine and my wifes.

Been very lucky to have held tax free savings in the envelope of PEP's in the early days to ISA's today.

When I start to draw on my pension I will certainly keep my tax in the low tax band combining tax free income from my ISA's

Seaangler, this is not about timing the market, although I have been lucky of late, it's about just using common sense at the moment and not focussing on hype.

It's so easy to lose touch with reality when you let hype take over.

Yes there is no doubt that Hydrogen could be massive by 2050 buy who knows what might come along in 30 years time.

Remember in 1985 CD's were the big thing of music ? Now thanks to music coming out of thin air now 35 years later they are worthless.

Hydrogen produced via nuclear energy could kill off electrolysis by 2050 or battery storage from wind and solar could progress so much over the next 10 years the need for hydrogen in the mix could be obselete and once again the hype around Hydrogen dies the death again.

The last six years for those that took the gamble may never be repeated. Over 2000% and cashed in has never happened for me personally in the 34 years I have been investing, I still have to pinch myself four months on to make sure it wasn't a dream, then I look at the bank balance and all the things we have bought for the home the last few months, it's real.

Good luck Seaangler, I hope you do call it right, it's good feeling when you do.

Not special Bilbs, just using the common sense approach.

Sometimes the markets reach a point of shall we put it all on red or black, but that nagging doubt of that big green zero is always there and nobody wins unless of course your cash is off the table and still piled up in front of you.

We are in times of major uncertainty like we have never seen before, I don't gamble when the outcome is stacked way to far against you.

Sensible people taking profit before the plummet.

Cash is much better than paper profit in such uncertain times as many will find out soon who maybe got a bit too greedy.

That was a busy day, finally just caught up on the days news and read some of the comments here.

Not quite the day I thought it would be , but the longer the government keep bailing out everybody, the longer it delays the inevitable, they can't keep doing it forever.

There will be no cash left for investment in the green future, it's not an endless pit.

We still have..........

Major unemployment when the bailouts stop
Major bankruptcies looming especially in the services, leisure and hospitality sectors and non essential retail.
Then the big one......... Brexit.

Then we have the SP of ITM. The swings are rediculous. How can anyone trust a SP that swings so much, it needs to find some stability before it can be taken seriously.

We need to assess the outcome for the economy once all the government support stops, it's giving many a false sense of security.

The whole thing is like high stakes gamble on the roulette wheel.

I stick with my projection of 175p as the point where I will start to get interested again with the potential that it could fall further.

Alternatively I don't mind missing out on a bit of profit and waiting for some stability in a 300p+ price with a full order book, that could well be a couple of years off.

By that time my investment will probably be smaller as I hoover up FTSE 100 bargains in 2021, the likes of Taylor Wimpey dipping to 50p has to be a possibility, NEXT sub 4000p again, Whitbread 1500p

The bloodbath might have been delayed another month or two, but it's coming of that I am certain.

I am keeping my cash on the sidelines on the whole for the moment.

Good luck everyone, don't get caught out, it will be an overnight thing.

I have learned my lesson in the past, paper profits look fantastic, but they are meaningless until you convert them to cash.

One last thing. Dr Cooley has known about the last deal for 12 months as it was coming along, yet he took his life changing profit at 283p, a very wise man I would say.

Green43........ Smith ? You a headmaster talking to the naughty boy ? :-)

Bit busy hanging some art on the walls at the moment, just broke off for a bite to eat and catch up on the days news, when I got my feet up this evening I will respond.

But in the meantime there is going to be a much better entry point, the short term is now where a lot of future money will be made.

This along with many other shares will tank on Monday, it's a case of where will it bottom out , 100p is not off the table and my thought of 175p a few months back is now very realistic.

Research nowadays has to go deeper than the share itself, it was medical and scientific research on Covid-19 that spooked me back in June, it predicted what we see how was a very real possibility.

I was spooked enough to sell out 90% of all my stock holdings and sit with cash.

I am glad I did that now, this latest lockdown is going to wipe billions off the markets on Monday and we are in for months of uncertainty now, and that is without knowing the consequences of Brexit yet which could be equally catostrophic.

The stock market is massively more of a gamble than its ever been with many companies at risk of running out of cash.

One thing is for certain 2021 is going to be the year of picking up bargains at some stage.

Prepare for the meltdown next week..........

https://www.dailymail.co.uk/news/article-8898985/Boris-Johnson-announce-national-coronavirus-lockdown-WEEK-save-Christmas.html

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