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troublesome,
No-one asked you to change your moniker - I think your current name is quite apt.
I believe we discussed anxiety only once. If you'd read my post properly, you'd see that I had got over my anxiety by practical solutions and was telling crl123 about it in case they could be of help. Thank you for your helpful suggestion though. I prefer to stay here, if it's all the same to you. Also, I think a lot of people here are anxious about their investments and the state of the sp. Last time I was anxious about my shares, Junior was most helpful. There are others here who constantly and patiently talk about the future of this investment in such a way that fears are washed away - gggg21, VanV, HarChris, sasa43, ShaunP are just a few names that come to mind.
With regard to your last sentence, why do you ask a question if you already know the answer?
troublesome,
I raised the issue of humility because a young man was being called an idiot for using his masters' loan to buy Nova shares. crl123 said that he shouldn't be sanctioned as we all make mistakes, if it does turn out to be a mistake. In this context, I referred to humility in that we all make mistakes and if we remember our own mistakes, we won't go around calling people idiots.
The comments in my last post to you were about your second line where you stated: "Well, I've almost heard some peoples entire life stories on here recently !". Since crl123 and I are the only ones who've spoken about our lives in any depth, I felt it was directed at us. Apologies if this was not the case.
Keep safe.
troublesome,
You don't have to read these posts. Filter me out by all means.
Personally I like reading more about people, and often only scheme posts where future pe ratios are mulled over. I'd rather the 2020 accounts were published so that people could see our current pe ratio.
But, I still read these just in case there's something to be learned, same as when I read about people's lives.
crl123
So sorry to hear that you suffer from anxiety. Having been through it myself, I know how debilitating it can be.
My solution was to get a divorce, tell my boss to get lost, downsize so that I could be mortgage-free and keep enough of the money so that I could wait until the right boss came along. My current boss is a dream - she thanks me and compliments my work almost on a daily basis. I don't have an extra bedroom which I never used. And, my husband's critical voice no longer ruins my days.
I'm not saying any of these would be the way forward for you, but I hope you can pin-point the triggers and do something practical about them.
Don't worry about me - opinions of people I don't like are like water off a duck's back for me. But, thank you so much for your humanity and compassion. It's like a breath of fresh air. You and others like you here, more than make up for the venom of one person on this board.
crl123
Couldn't agree more.
As someone who has erred many times, I think some humility here would be appropriate.
I applaud the young man's courage to try something positive in these shuttered and precarious times, even if he doesn't get the desired results.
I would just advise him to hold - apparently , Warren Buffet said that the difference between losing and winning in this trade was patience.
Dartron,
Thank you for your post, before which I had never heard of the 200 day MA. Once I read up on it, I was really surprised about your figure of 611 as being the current 200 day moving average. So, I listed all the daily prices for the last 200 days and the simple Moving Average for the period 26/8/20 to 12/3/21 was 757 (the 50 day average was 804).
For those who never heard of this milestone, the Investopedia describes the 200 day MA as:
"a line on charts (which) represents the average price over the past 200 days or 40 weeks", "while the simple moving average is the average of prices over time".
"As long as a stock price remains above the 200-day SMA on the daily time frame, the stock is generally considered to be in an overall uptrend."
"The 200-day simple moving average is considered such a critically important trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a "death cross," signaling an upcoming bear market in a stock, index, or other investment.
In like fashion, the 50-day SMA crossing over to the upside of the 200-day SMA is sometimes called a "golden cross," referring to the fact that a stock is considered "golden," or nearly sure to rise in price once that happens."
MOST IMPORTANTLY, it goes on to say:
"It is possible that there is also something of a self-fulfilling prophecy aspect to the 200-day SMA; markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to the indicator."
I wanted to test the truth of these assertions. So, I looked at the graph to find the main turning point in the sp (29/1/21 - 17.29% loss) and went back and worked out the 200 MA and the 50 Ma for the day before this calamity - these were 655.04 and 941.89. Now seeing as the 50 MA was so much higher than the 200 MA, the sp should've been in a bull market. But it slid by 17.29% the next day. I looked up the news and of course, 29th January was when are venerable CEO told the world how well we had done in 2020 only to caution us about 2021 at the end of his press release.
Since this date, in the 31 working days, the SP has gone up 9 times, remained neutral 1 time and gone down 21 times.
Perhaps more importantly, the credit between 50 day MA and 200 day MA has gone down from 286.85 on 28/1/21 to 46 yesterday. In the last four days, the drop has been in double digits. Unless, something amazing happens, we will face a "death cross" next week, possibly triggering a Pavlovian rush among IIs to sell Nova, leading to further downturns in the sp.
Why am I saying this?
1. So that you don't panic when IIs start to sell - this isn't necessarily deliberate manipulation, just their modus operandi when a "death cross" happens
2. You don't need a "death cross" to cause a run on the sp - careless words from CEOs can do as much damage.
3. Conversely, a good communications director (rather than a PR firm) can turn this whole th
crl123
LOL. It's a Shakespearean cat-fight.
I know, differentiation and integration were a bit hard to get your head round but it just made it more interesting.
Thanks for the filter reminder, but how else will I know what horrible things some people might say about me. How will I defend myself? As chivalrous as you are, I can't always expect you to speak up for me.
I'm signing off now so you don't have to worry about me getting into anymore scrapes. Sweet dreams.
You sound really hung up on me. I wonder why?
I don't like liars. Aspergers never lie. But, you're free to not believe me.
I will only explain one thing - the property was in Maida Vale which went mental in prices shortly after the crash.
I really hope you'll exorcise your demons. I always find it better to take people at face value until they prove otherwise with their ACTIONS.
The smoke up the backside was in reference to you saying that I sound like I know a lot and ask good questions, right after you had insulted me.
crl123,
I don't know how you can make me sad and make me laugh at the same time. I'm so sorry about your early life - another thing we have in common, although mine was just one Adams Family.
My maths teacher was the only one who was nice to me. I was very good at maths so he would get me to help mark everyone else's weekly exam papers. He put me forward for accelerated learning but my dad wouldn't let me go. So, I have a soft spot for teachers. It takes incredible courage to be one these days, not to mention patience.
I too have never been afraid of death. It always baffles me when people are. What's there to be afraid of? I don't believe in heaven and hell, except in this world. Hell is not living fully. I think that's what makes us risk-takers - I've taken so many, it's a wonder that I'm still alive, although barely these days.
Thanks for all your advice about investing in shares. I have a lot to learn. I know that logic doesn't always work and that is a great shame. Sentiment is the name of the game - hence the need for good PR - which is crazy but true.
Thank you for all your supportive posts today. Have a lovely evening and weekend.
Kaeren, I never said that I lost £500k investing in shares. You should read my posts more carefully. I never said how I lost it. Not that it's any of your business, but I allowed my ex to talk me into selling our home right after the crash even though I knew it was the worst decision ever as we had bought it just before the crash. Two years later, our home had gone up from £500k to £1.6m.
The CEO may be very good at some things but he's terrible at others. On the day when I made my remark, loads of people were saying the same thing. But, I was the only one you sent a nasty email to.
I note that you didn't apologise for your remarks about "flattering" and "begging". Let's just call a spade a spade. You don't like me and after your treatment of me, I don't like you either.
You don't need to blow 'smoke' up my backside.
troublesome, not sure what that means. I google TopCat and it cam up with:
1. an interactive graphical viewer and editor for tabular data, and
2. a clever hustler whose close friends get to call him TC, leads his faithful followers Benny the Ball, Choo Choo, Brain, Fancy-Fancy and Spook in assorted scams, gambling activities and harebrained stunts, all in the pursuit of a fast dollar.
I don't think either of those fits crl123
crl123, so sorry. I just used the other name you were considering, before I saw your last post.
Cutiecol, I second your last 5 lines. Thanks for the heads up on Trinity. I'd look into tomorrow.
Dartron, thanks for your sentiment. I've had a good life with few regrets. As much as I would like my £500k back, I'd give it up again to get my health back. I've had long covid since last March and I'd give anything to feel my normal energy levels again.
Thanks for sharing on investment advice. I thought a number of times about investing in Poly - another sound company. Didn't know the other one - I'll do some research tomorrow.
earth. LOL :)
It wasn't a brag. I don't like to talk about my losses because it makes me sound like a loser. But, crl123 has been so honest that I felt I should share. I'm certain that he's not bragging. He's the only person who's opened up about himself really honestly and with no egotism- a quality more of us can do with.
Sorry about your £4k loan. Here's hoping you'll pay it back and have a bundle left over.
crl123, you never fail to make me laugh out loud. I always look forward to your posts.
I think Cutiecol would be a great name - rolls off the tongue more easily than crl123.
I hope your prince to pauper road end in prince again. I really feel for you.
It's so weird how much we have in common - I too lost about £500k around 10 years ago. I too am still recovering. Clearly not too well - I'm already down on my new shares and I only had them for a few hours!!!
Seriously though, I think we will recover. I'm new to shares but have only lost when:
a) I've been too lazy to do a proper DD, or
b) When I sold too soon after the sp plunged on a share that I HAD done the proper DD.
I'm comfortable with this share. All the main ingredients are there for a slap-up meal. We just have to let it simmer properly.
Just one more post re. RNS. Has anyone seen Oliver Smith's comment on Twitter:
Blackrock RNS on 26/1, holding 2,132,372
Blockrock RNS today, holding 2,117,183
Reduced by 15,189 shares
Last time they reduced was 13/1 when SP was c. £9.10, two weeks later we were at £11.90
And in any case, I bought more than that last few weeks as a 'top up' Rolling on the floor laughing
https://twitter.com/hashtag/NCYT?src=hashtag_click
Darton, thanks for the link. I live and learn. such a dastardly world we've walked into...In my case, sleepwalked into :) If only we had the power or Reddit behind us...
flushfrank, sorry I didn't understand the mechanism. Jungla explained. Just looked at Sage shares - they went up from 579.40 on closed of 3/3/21 to 592.60 today - only 2.27% rise, although some people must have sold at 603. You'd think it would go up more...
Jungla, shows how much I (don't) know. Thanks for the explanation. I thought they give you something like 3% above the sp on the day of announcement, or something like that.