Member Info for psmith64

It's certainly a better place than last week I will give you that Bilboburgler.......... but I think there will be a better entry point a bit later down the line.

Now is not the time to be playing with a speculative punt. I can't see any big buyers coming in to recover the price in the short term for the time being.

No slander from me Robinhood69.

We speak off the same hymn sheet.

Have a great weekend.

Just for you Mikeslot..........

https://www.merriam-webster.com/dictionary/idiot

With what is sitting in my investment account right now I would hardly think I qualify as an idiot.

Mikelot......... you join the abusers.

You know nothing about my education. I don't need to justify to you or anybody about my education.

As for the idiot bit, do you actually know the dictionary definition of an idiot, because if you do then your comment should tell everyone everything they need to know about you.

I can accept being called names and if what I have written here over the last month or so constitutes being an idiot I think you have the definition wrong and that maybe you should look in the mirror.

And my advice is dsc1978 is do your own research......... It's your cash at the end of the day and I trust nobody else with my cash.

Some of the most simple investment advice from the likes of the late Jim Slater is often the best.

I bought into Whitbread at a time when I saw how busy Costa Coffee was all the time. I sold out there when Coca Cola bought Costa as that was the only reason I bought in.

I bought Greggs based on the queues I saw out the doors of every Greggs I passed. After buying in at circa 1200p I cashed in at 100% when it hit 2400p, there is no point in being greedy.

Just Eat, the same. At around 250p I bought in as suddenly their boards were appearing everywhere. I sold out at 500p, another 100%, a bit early as I could have made more, but don't let greed take over.

Your eyes are often the best indicator of a buy or sell, with what my eyes have been reading of late now is not the time to be all in.

DYOR as ever.

Yes Seangler, The Telecom Plus board on ii..... I just got fed up there in the end.

They kept goading, I kept rubbing it in and it got really childish in the end that I had to share contract notes as they thought I was just someone having fun with them and telling lies about my holdings and positions.

I have no reason to lie anywhere especially when you may be asked for proof.

I only ever held 30,000 ITM and they all went in a few tranches last week at an average of 323p and I fully expect to be back in when the time is right for me.

I will be looking at that at 175p SatellitePro, which has to be a possibility looking at the wider market and the shorter term investors here now seriously looking at protecting great profits from the last six months.

As I said tonearm....... you have to remain fluid.

I have always remained firm about five years ahead, but the short term can change just like that and if I change my mind about something I have previously written its only right I put my current thoughts out there.

As it stands at the moment I would take a punt on ITM off of no new news at 175p if it does drop that low. I have a limit order placed at that right now.

If I change my mind on that it's only right I declare it.

Alternatively I am prepared to miss out on some profit and buy back in at circa 400p off the back of positive ITM specific news and a decent order book.

The potential for both options is there but I prefer the 175p option which definitely has the potential now for all previous reasons stated on other threads.

Robinhood....... I will continue to post whatever I feel like posting.

You are starting to sound like a dictator.

No not jittery at all dsc1978......... wise. I read a lot about the wider market and other issues.

The writing was on the wall a month back. I took a big gamble riding the market another month but common sense took over when the WHO sent out its warning and the Brexit situation took a turn for the worst.

Just far too much uncertainty for someone so close to starting to draw the pension. I don't want to be adding another ten years to that. I might not be here then when you look at what is going on around us now.

I want some free time to spend the fruits of my labour.

Robinhood, back as far as a month ago I said the wider market would be affected hence I have all but cashed out across my whole portfolio and now sit on 90% cash.

It would appear you did not see what I said a month back was going to be a wider market issue not just Hydrogen.

Maybe you had me on block back then as you didn't like my predictors back then and like many accused me of spouting drivel.

Well, you can all eat your words now.

I was only trying to be helpful.

Oh well, you can't even try and help some.

What's happening now in the wider market was a racing certainty in my eyes a month back as I put down in writing.

It's not about trying to be clever, it was just about sharing a view based on wider news that I fully expected to affect even the good shares out there.

People want the security of cash, paper profits look pretty but they don't mean nothing as many will be finding out now.

It's not about bragging, it was about having to remind people after suffering constant abuse over my now valid words of caution.

Good job I have thick skin and continued to post my words of caution because its the abusers will look the fools now in eyes of new people looikng in over the past month, as has been the case in various other boards.

Well dsc1978........ let's review BT in 12 months where I suspect it will still be chugging out profit and a return to a dividend and batting in the region of 150p.

Now back to the current day. Didn't I predict what we see now?

Will I still get the abuse and lack of respect for throwing out what is turning out to be wise words of caution.

Who are the fools now? Certainly not me.

We are all here to share views. I have been round the block a few times, made early mistakes. I know what it's like to lose cash in early life and by the quality of the posts here at times I am guessing their are a few novices about.

I hate seeing young people lose cash,I hate seeing anyone lose cash.

If anyone ever checks out the ii boards and ADFN boards since around 2007 you will see that what I have posted has always been pretty sound, all under psmith64.

I never get hounded off a board.

I hope what I have posted here has been a benefit to some.

Didn't I predict this a month ago. I am glad I cashed out across the board.

It's difficult to time but last week I was getting twitchy and let my common sense take over when it looked like Brexit was going horribly wrong and the WHO mentioned that Covid-19 was getting further out of control across the world.

That was enough for me, I cashed out on everything save 10% in the more secure bets like Tesco and National Grid. We are always going to need food and energy.

Since March there is a whole stack of new news about Hydrogen so I don't see ITM going back to the 100p territory.

I have always said from a month back that the wider market would drag everything down. I thought it would happen sooner hence I first sold out a month back.

I did take that gamble and buy back and luckily got away with it.

I totally believe I am doing the right thing at the moment in holding 90% cash.

It looks so tempting to jump back in at the moment with a punt on BT, but I still think there is a sub 100p entry point there. A definite recovery stock because no matter how you dress it up with the competition they still virtually have a monopoly. I can't wait to get back in on BT there is some mega profit waiting in the wings there.

The housebuilders will fall back before they start to rise at sometime. House prices are going to tank at some stage, let's face it, the property market is long due a correction and the after effects of Covid-19 and Brexit will see to that. I feel for anyone who is new to the housing market in the last five years with a massive mortgage.

We are in times in modern history like never before. The certainly of cash is by far best option as many will see in the next six months as stock markets around the world crash.

Anyone thinking any different at the moment is only fooling themselves and putting their capital at grave risk in my honest opinion.

Not alcohol troublesome, I don't drink now there are some great non alcohol beers on the market.

I always have a clear head.

As with the ii Telecom Plus board I still got abuse on there from those looking through the rose tinted glasses for a few years after.

These boards are here to share valid investment advice and that is all I ever do and will continue to do.

It will be the 3 & 6 month holders driving the price down at the moment wishing to still protect very good profits that most investors would have been happy with from a five year investment.

As I said yesterday greed and stupidity can take over. These are not normal investment times.

Uncertainty about a virus that is still evolving where the likelyhood of a vaccine in nil now matter how they try and dress that up, a Brexit that is going horribly wrong and the worst tory government in living history lead by Johnson and Cummings that gives little confidence.

Wait until the USA can't artificially prop their market up any longer, how that is happening nobody can work out, DYOR on that, it's even puzzling the the top investors out there.

When the real bloodbath happens you won't want to be in anywhere.

Cash is king in these times.

I would be happy to come back in on ITM at 175p still without any good news directly from them as a I think that would be a more sensible entry point in these times, even though with the continuation of no news we could see a further fall below 175p during the course of any general bloodbath.

Long term, sure there are no worries, but you have to wake up at times and protect profit to make more.

Good luck everyone, just be a bit cautious because the next fall in the market is going to be a bit more permanent than the last and could take a few years to get back to where it was.

I don't see the FTSE getting back above 7700 for maybe a decade, certainly not inside the next 5 years which will put the lazy investors back a long time.

I am very grateful for Hydrogen, it protected my pension the last few months for which I will be eternally grateful, for the greedy and stupid ones it could be the downfall.

When things are too good to be true, they normally are.

Larryh........thanks. I have never been bullied off an investment board yet.

My long history of sound content stands the test of time across ii and ADVFN.

It's why I never hide behind daft monicas.

psmith64 has gone given honest and very accurate views.

I don't know if you ever saw the abuse I got on the Telecom Plus board when I gave my view for getting out of there when the price quickly rose way above its value in the 1800p area........ It never recovered from there.

I even suggested some better places to put the cash, either Taylor Wimpy or Next at the time.

We are all here to try and help each other.

Lets see how my prediction pans out here which is further falls before picking up.

I don't see much help from our bankrupt government, sadly

Tonearm......... The one I missed out on was the 358p........don't know what I was doing that day.

You been logging into my account?

Not tempted yet. I think the 175p is possibility. Brexit carnage ahead after today's negative news will be the driver in today's nosedive here as newer investors look at a nose dive in profit or even losses now.

Somebody bought my shares just over a week ago at 323p, that's not coming back anytime soon.

Lyndhurst1973........ Nobody should ever discount that we are all taking part in a gamble when investing, nothing more than a glorified casino.

Never in my 33 years of investing have I made 2300% on a share.

Sometimes when you look at a paper profit and think this is too good to be true, it normally is.

Greed or stupidness to think it can continue can take over logical thinking.

I think I got away with a bit of both of that in cashing out for the time being at 323p.

At some stage you have to look at a situation and think how other investors might be thinking.

I was thinking a month ago that many investors will at some stage opt for a bit of safety in uncertain times and I believe that is what we are seeing now.

Even if the SP of ITM does fall to 175p many long termers will be sitting on vast profits, but its the new investors of the last six months that might be getting twitchy now.

That is where the greed or stupidity starts to take over reality. There will be a few today getting a dose of reality.

The latest Brexit news today should be making everyone wake up to the reality of the possibility of an investment bloodbath, all in top of the uncertainty of Covid-19.

Some on here may be critical of me right now but I think in six months time maybe people will look back at the wiseness of a long term investor who would openly admit that a bit of greed or stupidity in the past lead to some heartache.

ITM Power, Ballard and Plug made well and truly made up for some past mistakes and I wasn't going to let my head rule and make another, especially as I am knocking on the door of 60 years old, I can't afford mistakes now.

You can all say what you like about me, I am only hear to share my thoughts, maybe I have been a bit of a disruptor, but it's all been done with good intent of protecting hard earned profits.

Nothing more, nothing less. We are all here to protect our asset of cash.