Member Info for psmith64

A good deal Static.

Sometime a caution does pay off.

I feel we are heading for one of the choppiest markets in history where cash will be king.

So many opportunities will arise out of the market in the coming months is my gut feeling hence I am holding 90% cash at the moment.

When the full extent of Covid-19 becomes fully clear I am not going to want to be all in because the drop in world markets is going to quick and there will be a lot of people caught out.

Sitting here waiting for the moment to get back in the market, never have I been so positive about something to have taken the action I did last Friday.

I won't share any any of my thoughts for the moment having read some of the comments on my last contribution.

It is sometimes good to have a balanced view in times like these.

Sometimes it does pay to be a little cautious when there are so many unknowns in the general market. It was only a few months back that without warning when the full extent of Covid-19 became known that I woke up to massive drop on ITM.

I do believe we are going to see a second spike of the virus and I think that will spook the market on top of the uncertainty of Brexit which is getting more news coverage.

I also remember it well when it was getting close to the Brexit vote. I did the same thing then as a precaution and sold out 90% of my stock which included a major portfolio of housebuilders which the morning after I was able to buy back at a substantial discount. Strangely enough I had not long been in ITM back then and my investment in ITM was small value wise so was kept within my 10% left in stock.

The best time to make cash is when their is some uncertainty about but you need cash to do that and being a long term holder of ITM it has given me the ability to take advantage of the uncertainty out there.

I will let you know when I am back into ITM, it will certainly be inside the next few months when they uncertainty has had its effect on the markets.

Only time will tell if I called to right to take a short break from ITM , and if the price stabilises higher then so be it , at least my blood pressure will remain calmer.

The SP has been a little to volotile of late and I suspect the price is being driven by day traders at the moment hence it's all over the place.

The 10% I have kept my money in are Ballard and Plug where I have been in long term and am more calmer about those holdings , and also more recent additions Powercell and NEL.

The whole thing about investment is it's a gamble and I don't know about you I am glad to read other peoples strategies in times of uncertainty because that is the time when most can he won and lost.

After being a long term holder of five years how can I change my mind so quickly.

Well it all happened after the directors dumped £ 13 million of shares at £ 2.83 and the fact that I was sitting on 2000% profit on 30,000 shares it seemed the right time to crystallise a profit for paper profits are just that.

The market in general spooks me a little at the moment with potentially lot of bad economic data on the horizon.

Being a shop owner I get live info from my own sales data and that of other retailers. It's going to be a dire 12 months and that will fully come to light very soon.

ITM carries substantial profit for long term holders and also very good profit for short term holders and very soon many investors are going to want the security of cash and it will be quick and the markets are going to dive like we have never seen before.

At todays SP ITM now carries a lot of risk for new investors off the back of the last update. ITM has a great forward order book but does not guarantee profit, the company is still burning cash.

I feel the SP at present has got carried away with the hype and may be due a correction when people start to take some profit dictated by general market sentiment.

It's not all bad of course if you can cope with the volotility, I have no doubt in my mind ITM are in the right place at the right time and I do believe we will see the SP achieve 1500p by 2025 . It will have the manufacturing capability to take advantage of a growing green hydrogen requirement of many territories across world.

If was not in the middle of one or the most serious health issues in modern times and still the major uncertainty both of which have the ability to rock the market substantially in the next six months.

I will choose my re-entry point when I feel the market is more settled.

I think todays ITM SP has totally been run by the day traders making a quick in and out profit with the amateurs left lucking some wounds and hoping for a better day tomorrow.

For the moment I feel more secure sitting on cash

Thats the one Taskmaster.

Well I just did a dummy buy if all the ITM I sold on Friday and could buy them all back at the click of a button for £ 2700 less.

I am still not tempted to buy back just yet.

I would like to see how the markets pan out over the week ahead.

Hasn't been a vaccine found that should have read, so yes that is news if it rings out correct could really bring the market down.

I have done a bit of research on the vaccine situation and if I was a gambling man I doubt they will get one anytime soon.

There has been a vaccine found for any Coronvirus.

I know quite a bit about this from local knowledge.

In my home city of Salisbury we used to have the common cold unit. It was there for decades and they used to pay people to go there and catch a cold, which is a Coronvirus, after decades of trying they finally gave up in the late 80's.

The common cold is one of the major contributors to days off work hence they wished to discover a vaccine.

I am conflicted regarding ITM short term, it's a difficult one to call, so many external factors could drag it down.

Not only did I sell out ITM on Friday but also most of my other stock.

If I miss out on a bit of short term profit so be it , I would rather it that way than lose profit I have amassed.

My age coming up to retirement is making me a little more cautious with all the uncertainty about at the moment.

I am gambling a little on ITM getting mixed up in the bad sentiment should the masses join me and get out for a while.

Staying on the sidelines for today.

The FTSE look's like it's starting it's correction today after the weekends gloomy outlook.

I think we will see more drop's tomorrow when the unemployment figures come through. As a shop owner myself I am not expecting the high street to generate good news after opening up today which again I think will spook the private investors into selling.

There will be some better value over the coming weeks when the full extent of unemployment is known after furlough ends.

My feeling is the best time to buy is going to be after Christmas. We will know the outcome of Brexit then. If it's no deal I still would rather be a holder of cash.

Although ITM has a great future of that there is no doubt, even a good share could suffer as people wish to protect cash. As I have said before this has generated some great returns for even newer investors who may not see it as a long term hold but a short term cash generator in uncertain times.

So difficult to call with so many general unknowns about that could spook the market in general.

I think back to when the pandemic caused ITM to tank down to 90p . If we do get a second wave we could see a mass exodus as people wish to protect cash. Cash is king in these times and I can't grumble where ITM has put me in that respect since I offloaded.

Awaiting my comfort zone full re-entry point which in all probability will be after Christmas is my current feeling.

An interesting thought, check out the value of this 2.5 MW electrolyzer order for NEL below.......

https://www.h2-view.com/story/nel-receives-order-for-a-2-5mw-pem-electrolyser-in-europe/

Now imagine the future value of orders for ITM when it reaches full capacity of 1 GW from its new factory on top of income from the generation of Hydrogen at the Shell fuel pumps.

Once the SP stabalises a little I will be back in and stick with my future projection of 1500p by 2025

Now to see if my gamble pays off that will allow me to get back in at a lower price. Will start to build my position again on any dips below 280p

Still a little cautious that the market is going to correct a little as Covid-19 unemployment figures become more apparent and the uncertainty of Brexit is still there. This is a share loaded with a substantial amount of private investor profit that may be tempting to realise in this period of uncertainty just as I have for the moment.

It's a very difficult to call the market at the moment hence I have opted for some short term security of taking the caah.

Good luck everyone, long term this is a dead cert IMHO, but the volotility makes me think there could be a better value entry point at some time in the not too distant future.

I will certainly be staying around and watching closely. I fully expect to be back in on ITM inside the next 6 months when everything in general seems clearer regarding Covid-19, Brexit and where unemployment ends up.

Three big things that may cause a major correction all round.

I don't think the weekends business pages are going to be good reading and we could see a lot of profit taking all round and corrections to all major markets. A major world recession looks imminent and the Chinese market could bring everything down.

Uncertain times ahead I think. Just put my realistic head on and don't want to be fully invested in these uncertain times. It's been an amazing last 10 years for me and I feel more comfortable with cash at the moment.

Good luck

Thanks for that Satellite Pro, very interesting.

I have also been a long term holder in Ballard in Canada and it was looking at this share today that made me think ITM could be due a re-trace.

Ballard have a market cap of of circa £ 2.8 bn , a turnover of circa £ 59 million , are generating positive income and have £ 87 million in the bank.

It just brought it home to me that with the meteoric rise the last 6 months, it's current position compared to Ballard and the keen competion out there that maybe the ITM SP is a bit top heavy at the moment.

In last year's trading statement there was over £ 400 millon in the tender pipeline and it would appear looking at the latest trading statement that not much of that came to fruition the last 12 months.

The latest trading statement indicates a tender pipeline a lot less than last year.

On a positive note turnover for the year ahead looks way ahead of last year and the Linde and Shell link up can only be positive.

I will definitely be back in when there is a bit more stability in the ITM SP. If it goes up from my exit point of 298p then I miss out on some profit, but for the moment I go into this weekend happy and safe, cash is king.

I am still doing very good with Ballard and Plug Power and will likely take a position in NEL and Nikola at some stage when the markets settle, I like the look at that pairing.

I had a good sell out in general today. Not liking the look of the UK data and come October when furlough is over we will see the full extent of unemployment, I don't think that is going to be pretty and think will lead to some cashing in.

I am just being a bit more cautious as retirement is close.

Good luck. Still some great profit to be had in Hydrogen over the next decade and beyond that is for certain.

I will be here Satellite Pro, watching from the sidelines.

I just did a dummy buy and could be back in marginally better than when I sold, but for the moment I am parked up .

Have a good weekend.

What a difference an hour can make in investment Troublesome.

So much bad sentiment out there and I just heard a few things this lunch time that spooked me.

The second spike of Covid-19 seems pretty likely, the 20 % drop in our economy the last few months, and I think once winter sets in that could get worse. I think the USA market is going to tank.

There will many like me wanting to protect cash and I can see a mass sell off next week from PI's when they read the weekend press.

I totally still believe ITM is recession proof, but the SP is going to be potentially volotile on the downside for a while, and not just ITM, the market in general.

At this moment I would rather lose a few thousand of what I have never had, than lose a few thousand of what I have had.

I will be back in when things stabilise. This is swinging too much at the moment. I am out of my comfort zone when I see my ITM tooing and throwing £ 10 - 20 K on a daily basis the last fee weeks. It could land anywhere over the next fee weeks. I will be able to sleep comfortably for a moment, that is until I jump back in .

Maybe tonearm. I got a bit extra out of things on top of my long term hold by buying in a couple of times on the dips circa 280p.

I just think back to when the crash happened a few months back when Covid-19 was getting underway. When ITM dropped to 90p I nearly had a baby.

And now on top of a potential second wave , and with the start of a major recession anything could happen. I am too near to retirement to take chances and I would like to see some stability here now.

If that is sub 298p , I will have called it right. If it's over that then I miss out on a bit of profit.

I have never in 24 years of private investing cashed in so much profit on one share. I am going to savour that over the weekend and then keep my eye on things over the coming weeks.

I will be back in for sure. This is a great company which is totally de-risked now and there is still mega profits to made here over the the next decade and beyond that is for sure.

Blooming spell check ??

After nearly five years of holding at an average bought price of 14p I just sold my entire holding of just 30,000 shares in a few tranches ranging from 299.00 to 296.50.

My nerves can momentarily take a break.

I will be back in when I feel the settles a bit.

I do feel with all the bad sentiment out there at the moment it could drag everything down and there is a lot of profit being held in this share at the moment which in uncertain times ITM Power could see a sudden cash in.

I wasn't happy that the directors cashed all their opinions in. That tells me they think a correction might be in place.

I will sleep with a smile on my face tonight, if I have called it wrong I can handle missing out on a bit of profit.

For the moment for me cash is king. Thank you ITM for the last five years. I will be back in when there is a bit more stability and seriously believe we will see 1500p by end of 2025.

Good luck everyone.

50/50 I would say.

Difficult to call at the moment.

It's still very tightly held considering the drop late yesterday , that didn't cause a major sell off.

Likewise the rise today hasn't caused a major profit take.

My view is , to prise these out of people in any great quantity it has to head towards 400p because the future looks pretty sound for ITM based on the sheer fact of its manufacturing capabilities in a fast growing sector.

A good read........

https://www.greencarreports.com/news/1128428_report-hydrogen-fuel-cell-price-parity-with-gasoline-2025

Spain soon to go out to tender for its first public Hydrogen filling station........

https://www.intelligenttransport.com/transport-news/100669/barcelona-to-house-spains-first-public-vehicular-hydrogen-station/

As long as the newsflow keeps coming, people will look at where to invest in hydrogen. With ITM's electrolyzer capacity it's going to be a key player in the production of green hydrogen so it will never be short of investors now it's pretty much de-risked.

https://www.powermag.com/developers-make-progress-on-solar-powered-hydrogen-projects/

This business is pretty much recession proof with all the world government stimulus heading green hydrogen's way.

I will continue to top up on any sub 280p opportunities. I don't think those opportunities will exist much longer.

I do agree things may be volotile for a while whilst people withdraw from the market in uncertain times.

Long term we will be fine here, look how ITM have bucked the trend the last three months.

The panic sellers here will be the ultimate losers.