Member Info for psmith64

You obviously have not read the latest research coming out of Imperial College tonearm, antibodies are not lasting long term and people are starting to get reinfected, herd immunity is therefore looking very unlikely.

Coronavirus has the same base as the common cold which still today is a major drain on the economy hence they tried for decades to try and find a vaccine at the common cold research unit in Salisbury, Wiltshire, backed by scientists from one of our top disease lab's at PHE Porton Down.

I will continue to air on the side of caution and see what unfolds with regards to a vaccine.

Covid-19 has made investment a lot more complex over the medium and short term, it's not just about researching companies anymore but the wider medical issues and of course on top of that the other economic factors of a no deal Brexit which not only will crucify our economy further but the wider EU economy too which could bring under pressure spending on Hydrogen.

I have always been a risk taker, but there is too many unknowns at the moment to be a risk taker. It's the first time in my life I have been more cautious for the moment.

I think we need to see what unfolds over the next 12 months before we can take full on risks because there are going to be some great buying opportunities over the coming 12 - 24 months in my view which sadly will means those remaining in the market are going to lose cash and future opportunity.

That's my take on it all and at the moment I don't have to stress over the seesaws of which ITM is a classic example especially when I had as much as I had invested.

Somebody on here a few months back declared they had 100,000 shares, well they have kisses goodbye to £ 100 K the last few months and seen it bounce around like a ball in-between.

That is not for me at the moment. I hope it comes back good for that person on the board over time which it will, but exactly when we see ITM hit 350p again is very difficult to predict at the moment, the drop being the easiest to predict , again in my view.

Good luck to everyone remaining fully invested, you are braver than me at the moment.

I don't think so tonearm.

I also see through the spin regarding the vaccine.

It is very unlikely we will see a vaccine for Covid-19 anytime soon, but governments around the world have to pump out the optimism to prevent a nuclear reaction to the world stock markets.

You have to be a realist, 35 years on and still no vaccine for the HIV virus, Covid-19 is no less complex than HIV and we have the bonus of knowing that a vaccine has never been found for any Coronavirus , they gave up on the four Coronaviruses for the common cold after years of research.

The worst is yet to come in 2021 when it becomes evident just how long term Covid-19 is, and the long term effect it's going to have on world economies.

Cash is going to be king for a while in my view, especially as we have one of the worst governments in power, ever.

You can blame Johnson 100% over what is going to happen to today in the continuation of the bloodbath.

It was him as PM that gave me confidence to make the predictions I made back in June.

I just don't know what his agenda is but singlehandedly he had added years to your average persons retirement date.

A scan through the news this morning, 100p really is now not out of the question, I won't be buying back in at 175p now or 150p, both my fill or kill orders now adjusted to 100p, the short term to medium term is now very rocky thanks to our useless government.

Even with all the abuse I have suffered on this board, I am glad I didn't let that drive me away, I am.glad I didn't listen to the majority and continued to go with my gut feeling.

There is a place for all views on these boards for to have a very one sided view can be extremely dangerous.

Don't worry taskmaster, it will be polluting less than your mates Bentley.

It's my 20 year old classic that does very few miles nowadays, just 62,000 miles over it's entire life, it's probably polluted less than you cars over the period.

A sensible post troublesome, let's just accept we all have valid differing views, and get along without the childishness and abuse.

Let's have a clean slate from tomorrow, life is too short for all the aggro.

And troublesome you conveniently forget to mention those that gloated when the SP rose to 313p in recent times when I was on my holidays, I didn't even bite.

You are all just as bad, you just can't accept another persons view, you only want to hear your story.

Well investment works both ways. If I had listened to your view I would be thousands out of pocket now.

As it pans out today my view from three months ago is totally valid for the reasons stated back then, the unknowns of Brexit and the likely second wave of Covid-19 and all the uncertainty in the wider market that could potentially cause.

No this is not gloating, it's a reminder that those posts were made with good intention of people not throwing profit away.

Yes Seaangler, until some posters were not able to accept an alternative view and it all got childish, yes it was pretty much on topic around here.

It always happens on these BB's when people only want to hear their side of the story.

It's a shame really, and all the blame gets put on the side of the poster with the differing view when the others are as much to blame for their incitement through their abuse and childish behaviour.

Oh well, nevermind. I am all for getting along with people , shame not everyone has the same attitude, things would be a lot more calmer and friendly.

That option is there if the childish behaviour stops, that is in the hands of those that need to grow up.

It's not about gloaters taskmaster, it's about a board accepting both sides of the coin and not resorting to abuse and taunting.

That just incites those with the alternative view and leads to repetition so new visitors who have joined mid abuse can see what it's all about.

More abuse, leads to more repetition and the poster of the alternative view gets all the blame from the abusers when they are as much to blame.

Always happens and I won't let it rail road me off making a valid contribution as can be seen from how things are now panming out.

You talk about gloating, look back to when the SP peaked above 300p whilst on my holiday, who was gloating then ? Well that was short lived wasn't it.

Let's just get on well alongside each other, with no abuse, sharing our valid views.

I'm not biting Green43 , you join the abusers, you won't silence me either.

Plug is years ahead of ITM, a good bet for the future without doubt. It's product is well and truly out there and will be competing in many of the same markets as ITM.

My money would be on them rising quicker than ITM.

And that is the problem with these BB time and time again, the majority only want to hear what they want to hear, when someone comes along to add some balance you get abused in the hope that they can silence you.

All it does in time is reveal these boards are run by amateurs behind false handles.

I am proud to use my real name..... psmith64, Paul Smith born in 1964, long term successful private investor as those that know me well know.

Yes, that looks like £ 7 million gone by the wayside mcmikeyh

Robinhood69.......now have two fill or kills, one at 175p and one at 150p.

I feel confident both will get filled in November.

Same as you Robinhood69, I got thick skin, after 35 years of investing you pick up on things in advance.

I rarely post anything that will make me look a fool, that can be checkec out at various times over the years at ii and ADVFN

I got the same treatment there many a time.

I only ever post to try and help others, of course everyone should do their own research.

This has been one of the easiest markets to predict ever in my investment life.

It's was announced last week by ITM that it would be completed in November Bellers, so yes, I would hope it does look nearly ready to go into action.

And there you have it. Sub 235p , 175p on the cards.

It's not because of anything wrong with the business but other external factors that I don't need to mention again.

More confident than ever that we will see sub 200p very soon, the market bloodbath predicted a few months ago is kicking off, expect the FTSE to see those lows last seen after the Brexit vote as times now really are worse than then with the reality of a no deal Brexit on the cards.

2021 is going to be the year of bargains and those of us sitting on cash could be in for some fantastic buys, including ITM at a substantial discount to today's price.

Warren Buffet can't be right all the time, the writing has been in the wall for months not helped by having one of the worst governments in office, with the worst PM ever.

I think it will drop to sub 200p during November.

Brexit, Covid-19 pretty much out of control so many will isolate themselves regardless of what governments do if they don't lockdown.

The world economies are in for a rough ride and cash will have to be thrown at businesses and individuals to keep some form of equilibrium.

The bloodbath looks like its in full swing now.

I think I was laughed at here when I suggested the FTSE would head towards 5000 before year end.

It's going to affect all good shares and regardless of what the long term holds for ITM , the short term won't be good.

I have a fill or kill order in for 175p and I still think there is a possibility it will be filled by year end.

We are in the most serious economic turmoil in living history, everything is more of a gamble than normal.

Troublesome...... some of the morning routines :-)
https://images.app.goo.gl/v9phPXXW2nHZf8Xf6

Crikey Sharpeye, did you get out the wrong side of the bed this morning ?

Thanks to my Hydrogen gamble I get a lie in on Monday's now as I only work part time. Might take the Merc out for a blast this afternoon.

That's brunch done, now to catch up with the weekend news.

Thank you ITM for taking the stress out of life.

Powerhouse that should have been, not Powercell.

Mine is a Mercedes. Bought and paid for from investments over the years. It's no ordinary one either, but that is another story for another day.

Pre pandemic and no Brexit the news last week would have been the gateway to 500p much quicker.

The reality is this fundraising just shows how much cash a company like ITM needs to expand, and we all know it won't be the last fund raising in reality.

It does secure the next few years of that there is no doubt, but as a company there needs to be substantial news by way of it actually generating some cash through profit.

My worry is it's going to be in majority just a manufacturing company, and one on what is going to be a competing market meaning it's gross profit on each project is not going to be much more than 10%.

It has potential for reoccurring income from the production of its future fuel pumps, but that is years off yet and its more likely as time goes on the likes of shell will just use ITM to male electrolyzers and gain the income off the fuel.

For ITM to justify the current sp it needs to be generating £ 65 million profit, we are years off that.

It's still over priced, it's lost it's sparkle for me, the days of 2000% gains are over and it's just a good long term steady growth share now with the potential to return above average returns over the long term, but nothing like this last 5 years, those of us that took the gamble back then have been the real winners.

I am glad I cashed in recently on ITM, Plug and BallardI and took the major profits, but I now have a similar amount invested in AFC, Powercell , Velocys that I invested in ITM all those years ago. They are cheap , just like ITM was, and I haven't invested a lot just as I didn't on ITM in the first instance as there is major risk involved.

But my latest investments have only dipped into my Hydrogen profits and like this last five years I will enjoy the gamble especially if it has the same outcome.

Good luck all holders here, I think I will just day trade ITM for the moment to keep an interest and make some short term cash to pay for the petrol in my Mercedes which guzzles about £ 80 per month having a V12 5.7 lt engine.