The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Microstrategy bounced back a bit in post market whereas miners barely moved. Could be Biden proposing miner taxation in the news again. Who knows.
https://www.google.com/amp/s/www.coindesk.com/policy/2024/03/11/us-president-again-proposes-crypto-mining-tax-wash-sale-rule-for-digital-assets-in-new-budget/amp/
I know I got a bit spooked in the last hour, sold 90% of my MS and started new positions in clsk, mara and wulf once more. Hoping for some strength from them for all of us. GL.
I've been in and out of HE1 for over three years, I took a hit in 2021 when I cashed out at a loss, had small wins and losses since and finally got in decent profit on the recent rise by buying on the morning the RNS dropped. I then averaged up to make a large holding and took a decent hit to my profits on Thursday at 08:02.
I sold out in stages on Thursday and now hold zero shares. Thankfully the crypto bull run meant I actually managed to recoup my losses and more within 24 hours, though things could flip back, of course.
People often ask why those who've sold stay on boards, well for me this post is in the hope of saving other people from losing their money. I know how that feels and it isn't great. Whenever I've previously had a bad news RNS land when holding HE1 shares I've been unsure what to do. This time I was certain.
The thing my experience in this share has taught me: selling out immediately at bad news would have always benefitted me. Waiting until good news lands before immediately buying would have always benefitted me. And that's it. The safest thing to do now is sell. The share price is likely to drift. Your money can do better elsewhere. Keep an eye on it, wait for the truly good news and then pounce. That's honestly how I read it.
I do wish you all well, it can put you through the ringer owning HE1, so genuinely good luck to all whatever your strategy and if it opens at 3p on Monday I'll be happy for all who held.
Yep it's certainly interesting again.
I got greedy and got caught out last time when I should have taken decent profits and refused to believe Argo could drop so low. Chaebol you were a thorn in my side back then, calling for 50p as it headed down towards £1. Thankfully I got out well before that but lesson learned I hope. And, whatever I was feeling, you were right. And fwiw I reckon you're right again.
I've been rotating miners with fair success over the last couple of months and will be fully laden before long weighted heavily towards mara and ready to bail before greed gets the better of me. Hopefully.
Argo will not feature in my portfolio this time around though, that's for sure.
Good luck all, regardless of strategy.
So far her record as CEO has been to over-smile and under-deliver. That is a fact all share holders from 10 days ago or more know all too well.
I'll be struck down for it, but it's true.
I say this as someone who still has a holding and who is hoping for a positive result.
@theriflemans - good logic there.
I've lost money in the past on this share but over the last week have made it all back and much more which I feel fortunate to have done. I've now sold 80% to ensure I'm in healthy profit. The remainder is a gamble on results.
If they're bad, I've lost a small amount.
If they're good, I've missed out on what would have been huge gains but will still see some. I will likely increase my holding on good news.
I know already it was the right choice for me. Others would say hold the lot for gold and that's fair enough, but I think there are different approaches and they each have their merits.
I'm not a troll or a deramper, just sharing my experience and expecting to be lynched for it!
Whatever your choice, good luck. Let's hope we've hit the jackpot. Just be prepared that we may not have and consider how you would feel waking up to a negative RNS and a share price below 0.4p.
I'd never be annoyed at anyone making money and am happy to admit I've not got it right on this particular investment. Yet. Hopefully we all do well today and beyond. I'll take my own advice now and stop clogging the board. GLA.
No I bought back higher than you, as did everyone else on this board. Been in and out for years, making some money and lost more. Hoping it goes well this time. Well done with what you've done so far but I'd say reduce the posting frequency.
Similar here. I imagine there are a good number of us who have been in and out for the last three years but always kept an eye on it even at times when not invested. Feels good to be back in and in profit, let's hope this time it really is the one. Good luck to all.
The point of the comment may have been sound - anyone with shares from before the crash in SP has to rethink strategy a bit. I just took issue with the completely incorrect and misleading maths as below:
"No that’s nonsense
£10k at 4p average
£10k at 0.25 top up
Average 2.125p - you need 9bags to b/e - NO chance
Buy £10k in separate account at 0.25p
Hope for a spike to 0.50p
Sell that’s £10k that clears your original buy or you broke even overall!"
Utterly incorrect, the average is the same at 0.47p regardless.
All makes sense Coco apart from the maths and the idea of a separate trading position making you money.
£10k at 4p is 250,000 shares
£10k at 0.25p is 4,000,000 shares
Total cost £20k for 4,250,000 shares is 0.47p per share.
It definitely is not 2.125p per share.