Member Info for psmith64

Let the news from Lloyds Bank today be the warning to protect your cash moving forward.

Probably one of the reasons for the big sell off today and the first of the falls on the FTSE 100.

You will find a note on the Lloyds board on ii when I bailed out there at 81p after being a holder from 45p.

Looks like a few ITM holders are heeding the warning today to. More and more optimistic that I will be buying back in at 175p in the not too distant future.
Got to be worth a punt at just over 26p now.

I think a lot of people are suddenly realising all the Hydrogen shares are heavily over priced at the moment.

All that on top of general market sentiment not being that good at the moment.

The rout on the FTSE 100 is starting in earnest too today. My prediction is we will see the FTSE end the year around 5000 as by December we will be well into the worst global recession in living memory.

Personally I can't believe the markets have held up this well.

Don't be the last one out, the lights are starting to he switched off now in preparation to pick up the bargains in 2021 sometime which will include buying back in on Hydrogen stock at a much more realistic price.

Just the thoughts of a long term investor with his sensible head on. DYOR as ever, but the writing is in the wall and we have been given fair warning.

Nothing wrong in throwing a bit of caution to the the wind at times SatellitePro.

A board that has had nothing but positive for a long while never does react well to a bit of caution.

Never have we been so lucky to be given a chance to exit without instant disaster and for those of us that have been heavily slanted to Hydrogen this last 5 years we have been so lucky this last four months, extremely lucky.

I still can't believe how lucky as have been when the majority of people have taken quite a hit the last few months in their pensions and ISAS especially those tracking the FTSE 100 which is still well down from the start of the year.

It's hard to make money, but so easy to throw it away when greed or stupidity takes over.

The thing that will bring the likes of ITM down is the forced sales. When the furlough scheme is over and the true extent of the Covid-19 economic carnage is revealed that is when people will start to think " better get some cash set aside", and where best to do that than the most profitable shares that will generate most cash.

I think those getting ahead of the game now will be the winners.

Just my thoughts. DYOR as ever.

Too right dsc1978. After a good decade I can't afford to throw any of it away now.

In a good safe place at the moment, biding my time, being patient and not greedy.

Waiting for the crash of all crashes that will pull every good stock down.

And if I get that wrong I might miss out on a bit of profit, rather that than throw profit away.

The next crash will not bounce like this one the last three months.

Difficult one to call at the moment troublesome.

I will be happy with either, 175p preferable and certainly possible in the short term with lack of ITM specific news and the general market sentiment in these days of uncertainty.

The rise in gold prices should be a warning to everyone that all is not well with stock market investment.

Up or down today?

Let's see if you are still wink, winking a few months down the line Seaangler......... wink wink :-)

I am no guru Peakview , but sometimes common sense does play a part in investment. When you are sitting on 2300 % in just over 5 years, that is not a bad time to take a break.

I am sure there will be a good 5 years ahead, but I want to see ITM win some work from that pipeline because with the grant money drying up we need to see them performing on the open market.

Out of the £ 400 million pipeline declared in the 2019 trading update, the 2020 update did not reveal much of it had been won.

I would like to see £ 75 million on the order books to justify the current SP. Fingers crossed that will come, then I will think about taking a position again, unless the SP drops to a more realistic 175p which would reflect better value with the current lack of news.

In the meantime, I am happy sitting on the 2300% of real profit I have made here for where I am in my own investment cycle.

As I said troublesome, I enjoy my work enough not to fully retire as like you suggest it can be the downfall of many.

I fully intend to keep running my business as long as I feel able to on a part time basis well into my 60s.

I know risk pays off, I made the most riskiest of investments into ITM, Plug and Ballard and that has enabled me to be a bit more cautious now.

Had I have been 10 years younger I would have probably rode it out now, but I think anyone with cash now is going to have some fantastic opportunity as others leave it a bit late to sell out.

An interesting 12 months ahead and certainly one with some great opportunities where there will be some money to made.

All I will say is dsc1978 when you don't need to take as much risk in life whether that be financial risk or anything else in the game of life, why take risk.

I'm not greedy, I am pretty happy where I stand at this moment in time.

I may well miss out on a bit of profit at the moment by being a little cautious, but there will be plenty of opportunity in the future that is for sure.

I am fairly certain a major crash of some sort is on the horizon and I don't want to be all in when it happens.

For my own circumstances I have judged it right, but we all have different circumstances depending on where you are in life.

This rally is weird. It has baffled many, especially in the USA.

How anyone can have any confidence in the markets at the moment beats me. We still have a virus we know very little about still that is still out of control and in the UK we have the unknown of Brexit and a recession that could take years to get out of.

There will be some big cash to be made in the future that is for sure, and a lot to be lost in the next 12 months hence I am being ultra cautious at the moment. I can afford to be off the back of profits made on Hydrogen the last five years. Opportunity like that does not happen very often, in all my years of investing I have never had a 5 year run like this and doubt I will see it again hence I have protected it all now.

Thanks for the compliment Robinhood. No 7th sense just decided not to get greedy and have done really well out of Hydrogen the last five years.

It has become very speculative now when you see just how much future earnings are built into the current SP's. That article you posted should be an eye opener as to just how speculative it all is at the moment,. There is better value our there with less risk.

You will have noted I said £ 500,000 to £ 1,000,000 in liquid assets was my goal. I have never declared any of my other assets outside of stock here that also bear income, one being my business which will continue to give me income in retirement as I will continue to have an interest in it, and property. You don't work in construction all your life without investing in a bit of property, always a good long term security.

If my pension can give me £ 15,000 pa extra when I am 60 in 2024 I will be happy with that as it will mean I don't have to work as hard. I like my work so will never give up completely.

I wouldn't say I need to spend, spend, spend anymore, you get to the time in your life where you just about have everything you need so I don't foresee any major outlay for me in the years ahead.

You pick the right car and they can last you a good 20 years now if you look after them, I don't intend wanting to drive much into my 70's if I am lucky enough to get there.

I would say if you and your wife are both going to get a full state pension then £ 500,000 - £ 1,000,000 would suit the majority of people to have a comfortable retirement.

I guess we all have different ideas.

They all do look a bit over inflated. I also think it's going to get very competitive out there so margins are going to be slim.

That said dsc1978, if I had been back in late Friday I would have been back out by now. It has become a day traders dream.

As well as my long term holding I did, like many, make a bit extra the last few months with a few day trades.

It did get a bit predictable. If it falls back into the 230's today I could be tempted into a small over night day trade.

Still sitting on the sidelines until either of my re-entry criteria are met........

175p.......I would take a position then

400p........with at least £ 75 million of future orders.

For the moment in these strange times for me to suit my circumstances then, " cash is king"

I do believe over the course of this week we will see the wider market fall back too. I predicted last week that we will see the FTSE 100 hit 5000 in the not too distant future and the sell off there will bring everything down.

Just my thoughts, DYOR as ever, it's your cash not mine, and you might have a bit more time on your side to speculate.

Lets see where we are by the time Friday comes.

Yes I will give him that toneman....... that even made me chuckle.

Have a good weekend everyone.

Lets see what next week brings.

Scmdcyp......... The end of day walk down begins

I did say liquid assets there tonearm, income doesn't just come off of stock assets when you get to my age if you play your cards right.

The business news is not going to be a good read this weekend.

The USA can't prop its market up for much longer. Quite how it is where it is at the moment is defying logic in the light at just how bad Covid-19 is there, and that is not going to improve anytime soon.

Just over 40 minutes left to protect cash as I do believe the FTSE 100 will start it's major dissent towards 5000 on Monday.

That will drag everything down, even ITM from where it is now.

Will be interesting to see if ITM can maintain above 220p in the final 30 minutes.

So true SatellitePro, but it can give security in this uncertain world we live in and it can give you access to opportunities.

I know a couple of multi millionaires and they are the most miserable people you could ever meet.

One million will do me more than fine , anything else is just greedy. Infact £ 500,000 of liquid funds would do me for the rest of my life, that is my aim.

Either of the above is entirely possible over my next three years timescale and Hydrogen the last 5 years has made my goal realistic.

Have to agree with the 5 year stance tonearm.

I also agree that anyone not holding there nerve for a lower entry or in my case re-entry point today's price will not be a disaster over the medium term.

I will start to take a position again when we see what Covid-19 decides to do over the winter and where Brexit ends up on January 1st.

Until then the next few months are full of risk that I am not prepared to take.

Back in 2007 I was more adverse to risk as there was time for me to hold out. The house builders and NEXT in particular saw me OK in that time.

The last time I did a mass exodus which included my retail and construction stocks was just before the referendum vote as I had a suspicion that might go the way it did, the only shares I really held on to then was my Hydrogen as in monetary terms it wasn't a disasterous amount to lose and it was an out and out punt.

Again straight after the EU vote I got straight back in on the house builders as they looked way over sold.

And here we are now where I have not much confidence in any part of the market especially as my adversity to risk is less being just over 3 years off 60 when I want to start using my pension.

Some of you are going to be younger here and take more risks as time is on your side and the medium term for the right Hydrogen shares does look promising and I still consider ITM, Ballard and Plug as the ones with the best potential.

I won't be taking quite such a major position when I do get back in, I am happy where my first venture into Hydrogen has got me. Its made up well and truly for a couple of previous disasters both involving AIM shares where I didn't listen to people like me giving out warnings.

We live and learn and I don't wish to make past mistakes again at my time of life.

Try not to get too greedy because the boost that the likes of ITM has given anyone where ever you are in life if you have been in for just a year is life changing, more life changing last week than where it is now, but still life changing now.

I have no qualms in putting in writing now that a sub 200p entry point will present itself and I know that view has changed quickly, but news flow to make changes if mind quickly should not be dismissed.

Have a good weekend.