Member Info for SadAct

https://www.sharesmagazine.co.uk/news/shares/ocado-shares-gain-despite-widening-losses

I fully appreciate the idea of ignoring actual values and concentrate instead on spike/shake transactions to nett increase the shareholding, I love it. I want to have its babies! My records however had taken a turn for the worse lately as I am just producing a couple of A4 pages a day with notes on as I go along, it doesn’t fit well with my previous system of book keeping where it seems to hinge on fixed size packets (1000, 5000, 50000 etc) of shares. Still, that is a little logistic problem for me to toy with.
I know I have mentioned using tranches to buy/sell before but I offer the idea up again now.
I can fully appreciate objections, after all it can actually reduce profit in certain circumstances but what it does do is to increase opportunities. Another downside is the added complication of keeping track of things. Your system has an elegant simplicity and allows almost continuous trading (no waiting for the price to achieve more than a previous buy price, simply trade on spikes and shakes), simples. It would be a shame to interfere with that unless there were obvious benefits. I know you like to do paper trials of what-if scenarios so maybe you could look back over the last few trading days and see what might have been the result of buying/selling in tranches. Maybe even think of it as a time slipped duplicate investment strategy?
Just a mention about trading MCRO alongside OCDO. I thought your suggested path from 2 days ago was to just buy some and hold till above your £10ish price. If you wanted to trade a share alongside OCDO (when OCDO is in the doldrums of course) then ASC would be a good candidate. You have in depth knowledge of its movements, range and its non stampy. Sorry about that but thought I should mention it. Excuse me.
I am attempting to add a link here to a Shares Magazine article about OCDO although it is a bit superficial.
Good luck tomorrow.

I see the London Stock Exchange site lists OCDO as second highest FTSE100 faller after TUI (and they had a big ex divi today). You will like the charts for OCDO. I was looking for a definitive overall volume figure for the day but could find everything else but not what I wanted. I saw that the volume on HL is massively different to MorningStar.

Yes I had a good day, I could have done things a little better but I’m content with my performance today and managed not to panic. I think I did the correct actions but could have got slightly better prices. I still can’t quite believe how much help it is having knowledge of the likely range. Very useful, maybe even essential. It certainly feels that luck is playing a lesser part in my trading. Some of my trading today was for positioning which I fully expect will pay back in the next few days.

Yes, OCDO is flat again, I agree with your comments about the figures but it is sentiment we are fighting and perhaps memories of the Andover fire and the CEO remuneration don’t help.There were plenty of positives in the figures but I always find that a negative point vastly outweighs a positive one. It’s as if we are conditioned to seek bad news.

Noticed your message was your first attempt to post. Please try again and feel free to join in our happy, sometimes despairing, usually informative, amusing but never insulting conversations.

I remember you said that you start each week with a fixed number of shares then as the week unfolded and lets say your 1000 OCDO became 1100 shares, you presumably sell the extra 100. I am interested in the logistics of how you do it, if you don’t mind.
Lets say you sold 1100 on Friday afternoon, so you only buy back 1000 on Monday. But if you were holding the 1100 for the weekend, then I guess you sell them on the next spike on Monday (or Tuesday) but only subsequently buy back1000?
I suppose there is no other way without actually doing a separate sale of the surplus over the week?
I think I am trading too much, 11 transactions today. I know I agreed to juggle less different stocks but all the trades I did off piste were blatant “must do” type trades.
I always seem to do most transactions on Tuesday or Wednesday.
I have to admit to buying an extra tranche of OCDO at the close at 1208.41. This was to appease me for not buying at 1199 earlier as I believe 1200 to be a high resistance level.
Final OCDO was apparently 1,105,671

I apologise to the PLUS500 board, I seem to have posted this in the wrong place, sorry

I remember you said that you start each week with a fixed number of shares then as the week unfolded and lets say your 1000 OCDO became 1100 shares, you presumably sell the extra 100. I am interested in the logistics of how you do it, if you don’t mind.
Lets say you sold 1100 on Friday afternoon, so you only buy back 1000 on Monday. But if you were holding the 1100 for the weekend, then I guess you sell them on the next spike on Monday (or Tuesday) but only subsequently buy back1000?
I suppose there is no other way without actually doing a separate sale of the surplus over the week?
I think I am trading too much, 11 transactions today. I know I agreed to juggle less different stocks but all the trades I did off piste were blatant “must do” type trades.
I always seem to do most transactions on Tuesday or Wednesday.
I have to admit to buying an extra tranche of OCDO at the close at 1208.41. This was to appease me for not buying at 1199 earlier as I believe 1200 to be a high resistance level.
Final OCDO was apparently 1,105,671

I just bought back into FEVR at 1484, not exactly on a shake but I am scared to close the day without shares in them. Also, looking at the graph, I notice that although the upswings are large, the down swings are comparatively small. Ignoring this is what tricked me out of ASC, i.e. trying to rigidly use a range on a fast rising stock.
Volume now 982,646 but, as you say, who knows?

II using MorningStar data says volume is 911,262 is yours yesterdays figure till after the close?

OCDO volume now 834,180

my chart bottom line is £7.775.
I,m getting itchy to buy, had a quote at 783.5 and it's nearly 2.30
Had a busy day, feeling rather stressed, going to take the dog for a walk soon, wait, hold up, I haven't got a dog!

How are things going for you T? Are you still thinking of buying back into MCRO to put away till they are £10?
Is the shake due at 2.30?

OCDO volume at 12.00 was 615,467 so should make over a 1m today

sold FEVR at 1500, couldn't resist

Doh, dithered again, I should have bought when I said at 1199. Hindsight is 20-20. Rule 8 prevails, Rule 8 always prevails.
FEVR has set off my alert but I am hesitating to sell. 60p range so far today although apparently there was a spike up to 1497.5, making the range 70p

Well this is worrying, I remember being somewhat concerned when they came down through 1300. I know that some contributors say this share is £12 overpriced but I disagree. There surely must be a support level here. I am tempted to join the supporters and buy in with new money

Yes, bought FEVR at 1441 the other day, actually yesterday. Already have an alert to go at 1485.
A little bit scared to sell FEVR as their trend is up with not many downward shakes and what they are is comparatively small. ASC got away from me totally, don't want the same to happen with FEVR. (although I have been dealing FEVR in 2 tranches and never been fully out....should have done that with ASC! Doh)
When I have some time I will look into double bottoms/top, fascinating.
As ever T, thanks for the hints.

Established what I thought was a range for LLOY (i.e. 0.8p), incredibly something I have never done until meeting your system knowing ranges on OCDO and our other shares. So I was rready when my alert (set at expected peak minus a bit) to sell LLOY and have just sold. Thanks

It was Peter Wood, darling of the insurance market at the time, remember him well. I agree with your comments, crikey, he did found the company so he should enjoy the rewards.
Selling out of PLUS has reduced my holdings, another step towards being able to concentrate on making money on OCDO!
I often look at the share trades charts to check my transactions...I get a kick out of seeing if my "lucky" sell is listed as a buy as it occured near top of the spread at the time and vice versa for buys. When I can't find my sell, I start to suspect the Market Maker of "hanging onto them" to sell higher later. He being more knowledgeable about the certainty of expected share movements. I shall take my cynic's hat off now

Yes, that bad publicity for the ceo bonus £54m? on both BBC website and on Radio 4 Today programme can't have helped.
I sold MCRO at 799 so am quite happy. Off piste I know but an alert went off for PLUS so I sold those too. Double happy now as I have past my target for the week. Expected ASC to drop more and nearly bought when they were down 40 but ditherered.