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GFD, what spin?? Listen, this exchange you are having with me is not shedding any light. I really am not concerned about your average or anyone else's. Good luck with whatever it is you are doing... I really am not paying much attention, however. Why would I?
Similarly, what I'm doing here in terms of adding, subtracting, trading or whatever is no concern of anyone. Don't pass judgment. It's condescension.
OK you're chucking money at it while it's cheap... we all are. This is not a ***k swinging contest as I remarked earlier. It's childish and I am now bored with it.
ivenoidea, thanks for that intervention. I sold when the sp spiked - just a reflex, really, and it has been at the best bid of the day. GFD, call me a trader if you want. I don't care!! It isn't a term of abuse in my lexicon.
ivenoidea, as you say, one is in control and I was watching the sp bouncing around while on the phone discussing the issue.
So I was prepared to risk the mkt moving against me while I waited for the funds, to clear. Yes, the Bed&ISA was always a possibility and I know this is the conventional way to do it, having discussed it with the broker. But I took on the risk.
The discussion here on the BB suggested that I re-evaluate the strategy, however, so, as I always listen, I gave it some thought. But all was not lost, as it turned out, because, in the meantime, the market fell and bounced off .1680 more than once so I could at that point have bought back the stock in the trading account and then done a conventional B&ISA.
In the circumstances the broker said they would buy the stock back there and then at web rates for the credit of the ISA, and move the funds across on Wednesday without any further involvement from me. I accepted that offer as it removed the sp risk and I did end up with £88 worth of shares more than when I sold. But that was because I sold the spike independently. The relevant buy-back trade was at 13:14.
So, GFD, thanks for your comments - that's my 'beer money' sorted, as you all too frequently describe traders' motivations. I reiterate I am prepared to take a risk in return for a reward and, as it turned out, AIM gyrations saw to it that I have more shares than I did yesterday, and now in a tax -free account. I'll drink to that... beer, of course.
GFD, I am not selling... I am transferring... I have traded one stock out and cannot buy here till the funds clear. Anyway, someone has to sell, ffs or there would be no market. But I am not substantively selling.
I am not much of a trader, GFD. Unfortunately I was caught by this minor rally while holding elsewhere and planning to buy more here. But, owing to lousy timing, the profit from the other holding has put me only at slightly less than break-even rather than having more KOD. Much ado about nothing, therefore.
If having other holdings, which may be sold to add here, makes me a 'trader' then yes, I'm a trader. But AIM is a trading market and that's what makes it what it is. There are easier stocks to trade than KOD as the volume and spreads here are not suitable. I will however sell where I see better opportunities and don't need to justify it. Holding is not a superior strategy... it is a different one, that is all.
I reckon I can do better than the spread available in a b&i, GFD. I may not but I will give it a go. I sold from my trading account today at a good price - .1715 - and the proceeds at T+2 become available on Weds.
I'll add still more, GFD, funds permitting. This is not a dick swinging contest! Currently I'm moving everything into the ISA; this not my beer fund; and I am not a trader as it's too hard to beat the spread. I vill not be karikatured!
Fosters, a bed-and-ISA was done at that spread, I think, which was a rip-off. I'll take my chances...
Fastjet, yes, thanks, that £8.6K buy was mine and I also sold 3m at 17.15 earlier, so not too shabby. I'm usually hopeless at this kind of thing...