Member Info for Robina

So what to do when you're already 40% down?

Sure as anything, holding will see a further decline and selling now will see a magic reversal of the downtrend.
That for me is a law of nature.
If you lay a rule on the sp line at say April 17 it's a pretty straight gradient till April 20. Then it all went mad. The underlying stock valuations were mad. Like the early tulips in Holland. So if you continue the pre-pandemic trend line you get around 600. So we have around 40% further to fall.

Whilst the sp was starting to look up in recent months I felt a lot of this was ramping by brokers and pundits. I thought maybe it would jig along between say 105 and 115. Still a massive debt and ongoing spectrum costs although revenue was going up a bit.
Problem is VOD keeps getting clobbered and has been on a downtrend in recent years. With the current crisis I feared my 90p scenario might come to pass. I'm still holding though.

Yes CMCX isn't being clobbered as much as many other stocks that are dropping 5-7%

Well what a good investment this has been.

I can't see we are anywhere near the bottom of the markets. The next thing will be Putin declaring support for Ukraine as NATO effectively joining in. Why should that effect LGEN for example? Will it's simply that sell offs cause sell offs like a run on the banks.
Personally I just don't know what to do. Losing several percent a day means an extremely long climb back if that ever happens this decade.

Looks like my 90p prediction a while back could be achieved in days but now for a different reason.

So it looks like I've put the kybosh on it.

I bought PHNX for the dividend and as a LTH along with MNG but as usual am in the red. Potentially am looking at the sp declining as much as the dividend so may never break even as the market is out to ensure I can never make a profit!

If it's a potential bid target - does this mean the sp will decline further?

Be positive - it's up half a p as I write. When i press Post Message it'll probably drop back...

Bet it's not good enough and it falls further.

By all accounts I feel MNG is a good investment. As long as the dividend is sustained it's something you can just buy and leave. This is what I'm going to do with MNG, LGEN and PHNX. Also BP and SHEL even though I bought them years ago and am massively down on them due to the green lobby ill thought out nonsense that the media have latched on to.
Anyway, in the past I've tried trading the fluctuations as the last poster described with PLUS. However, the stats are at least 90% against me . It seemed reasonable that a history of ups and downs on any stock would mean that buying on a down would mean a profit when it goes back up but every time the trend gets broken. This lends credence to my personal universe theory.

Well I didn't think the market would let it go above 140p.
I also fear it has been overhyped with shorts reducing but investors will now be cashing out. Of course we all know that selling out would see a reversal. I think each of us exists in a different universe where our actions influence others.

A yield of just under 4% is about average. A drop in the OP wont be good for the sp but only matters if you wanna sell your BP shares. Some have a very short term view on oil co.s due to all the green **** in the media but this is clearly stupid and disregards the facts of life. Fossil fuels will be around for most of our lifetimes at least and oil co's dont only produce fuels.
Should BP drop back to around £3 I'll buy more.

Broker targets look nuts but this isn't unusual.
Maybe if TM17 finds its feet the sp may recover. Guess this may be a year or two away.

A little flurry of buys today.
Divvy tomorrow.

Well it finished up today. That tuppence will make all the difference.

Will the market let it go above 140p?

Well it looks like it's going somewhere - down 20p/month.