Member Info for Redtom

Ken,

I bought some RDSB today so you are bound to get them even cheaper over the coming days!
Glen very quiet and stable this morning. Probably famous last words!
Tom

Pete, I agree it is a bad day for both GLEN & GVC. Would like to recover the £4-5k that I'm down on GVC in particular.
Maybe the rest of the week will be better,

Ken, looking like a nothing day today. A little disappointing to say the least. No dollar made today.
Better luck tomorrow.

Ken, great minds think alike.
I've starting accumulating further GLEN shares too given it is in the 288s.
I should have sold at 291 but missed it. Damn work gets in the way.

Pete, sorry to hear your average is so high. Mine is lower than that.
Good luck with it though.

Thanks Pete.
I share your pain.
Just added more this morning in the hope that I will offload when we get the next decent rise.
It is very jumpy I can see and often with little reason.

Got quite a big holding in GVC.
Finding it a little frustrating and even more difficult to read than GLEN.
Anyone else on here in GVC? Pete, I think you are from memory.
Worth holding do you think?

Ken,

Slighty wrong maths there. Average was 288.8.
Tom

Ken,

Just after my last message it dropped back so I've managed to pick up 75k in total around 288.4 average.
Let's see what today brings.
Good luck,

Tom

Being trying to add as many as possible this morning but the MMs are not playing ball.
Got a few in the late 287s and early 288s but then price went

George,
I can't speak for Ken but I use Hargreaves Lansdown. You can do multiple deals in a very short period of time (unlike other platforms that restrict repetitive deals) and only 5.95 a deal.
Tom

George, it equates to around £550 profit. It was closer to 1.1p but involved 12 deals at 5.95 a pop. The commission is fairly negligible and no SD.
It is a great trading stock.

Ken,
Managed to get back in bang on 289.
Tom

Ken,

I'm now all out. Decided that a decent turn and cash overnight was best.

Tom

Thought today was going to be a nothing day but there were great buying opportunities in GLEN and many other too like Shell & GVC. Sweet.

Ken,
I've joined the fray. Picked up 60000 with average around 288.8
Will stop for a while and assess.
May pick up more later or tomorrow.
Still not sure where this is heading short term.

Ken,
You have a nice profit already.
Well done,

Tom

Ken,

I missed the low 290s as was in a meeting.Holding off for the moment.
Think the Yanks may move the markets down a little.
Depending on where it goes, might try to hoover up a few around 4-4:30pm?

Ken,
I'm not back in yet either.
We've not had a bad stock market day for a while so I expect one soon, possibly starting with US later today. Any mini sell-off is likely to drag down stock across the board. Equally US markets have not reacted to China slowdown nor continued shutdown. I would like to get today behind me before thinking about getting back in. But any reaction later today or overnight tonight could trigger a buying point tomorrow.
Of course non of the above will happen and I've already missed today's buying opportunity in low 292s. Who knows.

Pete,
I would suggest that GLEN is possibly worth more that 296p but how do you justify 500p? The markets are telling us that it is currently worth roughly 300p based on its expected financials, based on the risks it takes and based on the estimated future returns. The first one alone would provide a much higher value, the 2nd will discount that value quite heavily but the 3rd one is the difficult one to judge. A global slowdown led by US & China would have a big negative impact to investor sentiment. A rosier view (eg US/China deal, China supporting its economy etc) would be positive for the share. But sentiment changes daily so very difficult to call. But not 500p, no, imho.
I would not be surprised to see either 250p or 350p+ in 2019. I obviously hope for the latter but almost impossible to predict this market with so many variables in play.
Good luck to all who have GLEN.
Tom