Member Info for SadAct

o....please don't hold back with your opinion of BTs performance, tell us what you really think! You're right of course and sadly, BT is not the only example of British business complacency. God, we are good at it, perhaps we can wrap it up and sell it? Maybe this is partly why new tech companies do comparatively well...investors rebelling against the status quo and low expectations so they go looking for almost anything that isn't the establishment? Maybe I am being too simplistic.

m...Dennis Potter? Yes, of course I remember Singing Detective etc...both entertaining and disturbing in equal measures, a bit like share trading then?

Well I opened a bottle of Rioja....I had to really after just squeaking past my weekly target. Also I need to drown my sorrows as I see my overall portfolio value dropping week after week. (I blame C for inadvertently encouraging me to check it!). I hope everyone has a good weekend, myself, I am looking forward to a rest.

C...well done with those trades, especially the PFC, kicking myself I didn't sell the ones rebought today. I had several offers above 138. I thought it would go up further...John woods up 7 or 8% and some oilers well up. Oh well, rule 8 applies.

T...you are becoming a part timer!

R... did you sell your todays ARB and make a nice profit or like me, just watched and frittered it away?

Well if I do no more business today, I have made 109% of my weekly target. My portfolio value continues downhill having lost another 0.6% this week.

Whoopee, sold another tranche of PFC at 134.9 for +3.5% profit. I used my old trick of setting a limit sale high in the spread and they sold immediately.

R...simple, you tell me when you are buying and I will copy, then I'll tell you when I am selling so then you don't copy me! LOL.

Wow, BT keeps setting off my sell alerts, it's up 3% now at 139p. My mate Warren would tell me to hold.
PFC now at 134, may be selling another tranche!

Oh dear oh dear, I seem to have 3 choices of action...
* do nothing (always a good default decision but weak to my mind)
* sell a little of something to tip me over my weekly target ( slight satisfaction benefit but stupid)
* sell some/all of my BT that I have been considering liquidating to access the funds. ( well with budget tax incentive, Chairman retiring and good broker reports, price is on a surge so seems silly to jump that particular ship right now)

Incidentally, thought of a creative accounting method of selling BT without dirtying my 2021 profits record....I start a new trading pot with just the BT proceeds (starting with a minus balance from realising a loss) then trade the realised funds "separately". Reminds me of that tax/VAT fraud common in pubs? where they have 2 tills, one on the books, one off! It's denial rearing it's ugly head again. Ha.

R...I bought more ARB at 238...I note, yet again, that you always seem to get better prices than me. Well done.

Oh dear, distracted by the cricket, sold PFC just too soon so now at 99% of my weekly target, still a 3.4% profit on PFC bought on tuesday.
Really shouldn't have Channel 4 cricket in a pop out window over my trading stuff!

Ah, India 59 behind with 4 wickets left, could be an exciting ending.

Good morning Brigands.

Friday already and nearly all of my holdings are down, oh well. It looks as though I won't be making my target this week for the first time this year. I am scared to look at how much my portfolio has gone down but I can tell it's a lot.

T...your comments on the US market...I agree it is over valued but seems like it has been for years. Doesn't bode well for our market, if the US sneezes, the UK gets a cold. Sometimes it feels to me that the FTSE hardly ever moves but a year ago it was around 7500, months ago 5500 now it's 6500, not even sure what that means. I will be optimistic and hope for 10 to 20% uplift in the coming months.

Good luck all.

o...yes, slightly regretted selling te MCRO shares but these were extras I had bought on extended settlement (I know, it's a bad idea) and I just felt more comfortable taking a profit and getting my account back intothe black. Still going to hang onto my main holding. Yes, the Amazon/MCRO deal could prove very lucrative but I imagine Amazon have some more powerful tech partners in the states or even in house. Perhaps this new no-checkout system will give the tech side of OCDO some ideas.

C...I have been taking note of your portfolio changes and how you are trying to transmogrify (magically transform) it into basically a high yield one. High yielding shares are coming back into vogue and I see them doing increasingly well going forward as the market trys to return to old habits, especially if the dividend is well "covered" by company profits.
Of course ideally we all want capital gain AND dividend. I also note your shenanigans with (maybe) selling some companies just before dividends and buying back as it goes ex-divi. Interesting, I admire these sort of manoeuvres having tried some of them myself with mixed results. I
Glad you are keeping a trading share for "fun" and even gladder that you have chosen the non stampy PFC. I have 2 tranches in PFC and meant to be trading them more lately but I think I am not fully functiining at the moment. I think it was R the other day that did a quick in and out trade on PFC on a small change but it's all profit and I personally make more by 1 or 2 percent gains several times a week than the odd 30% which takes months to realise.
Today, I was going to sell a tranche of PFC at 132 (bought on tuesday at 128) for a 3% profit, sometimes I do these things for 1.5%!! but took my eye off the ball and missed the chance...actually I was busy trying to maximise a sale of some MCRO bought yesterday which I sold for 1.8% profit.
Sorry, caught myself talking about my portfolio when I meant to talk about yours....
SSE by the way was one of my favourites a year or two back and NG is still in my portfolio and adding divi. Still have AV. but very few, smallest part of my holdings. Now I have to decide whether to actually sell BT, darn it, it has been going up ever since I took the decision to do something with it, mostly to liberate funds.
Good luck.

m...yes, I will also be leaving behind a pile of **** .

o...read yesterday that the accepted definition of "substantial" in the city is 10% increase in profits attributable to new arrangement.

Good morning Brigands.

Might be going AWOL later this morning...thursday shopping detail.
I am hoping for more progress on MCRO and maybe even a little boost on ARB but I am not holding my breath there.
Good luck all today.

Forgot to mention that I was about to sell some/all my BT when they jumped 6% (budget tax concession or capital investment). Might sell half tomorrow.

T... sanguine about ARB, expected them to get above 300p but not worried, in fact, bought back tranche sold yesterday. Also bought more MCRO in their afternoon dip. Bit shocked that I haven't booked any profit since Monday morning but just discovered my WJG limit sell at 208.5 triggered, only had a few left to sell but that's one less holding. Enjoy your spag bog with red wine I trust.

Making a courgette gratin tonight, receipt part way tween "Hairy Bikers" and "Delia" with SadAct extras. Wine? Funny, don't feel like drinking tonight.

Bit late I know but just doing some research and found that MCRO go ex divi on 11 March for 15.5 cents (about 11p).
Do I qualify as a William Tell trader who hasn't got a clue what they're doing?
"Bernie, The Bolt"

Huh, not sure if anyone gets the saturday Times but I have just got around to reading the magazine. There is an article about generation Zers spending lockdown trying to "get rich quick" by trading (or "online dealing" in the parlance of the article). Blimey, I had no idea...
" about 400,000 new accounts have been opened on the main trading platforms, such as etoro, 212 and Freetrade in the past year, according to a survey published last month by Fnd Out Now, a market research company. Of those newly opened accounts, 50% are owned by people who are more likely to get their stock tips from social media than from established investors."

Wow..400,000? more than I thought but if that is world wide then perhaps not surprising.
eToro, 212 and Freetrade are main trading platforms? I thought they were small upstarts, what about IG,PLUS, HL etc? No wonder PLUS share price is languishing!
The article has some success and failure stories which are equally scary to me, indeed, I have mentally moved my internal risk control back a bit towards Prudence from High.

The article starts with a quote from Buffet that I like: "No one wants to get rich slow".