Member Info for Smokey2

There is only 25% free float with SEE.

The potential is huge here, everyone knows it Baxter including yourself. That's why you are here after all isn't it?

The sell off is market wide. It is brutal here because contrary to popular belief there is low free float here which means sharper price movements. This also works in our favour.

People moaning because they didn't sell at the top and buy at the bottom.

May be this can teach people not to follow the herd with trading, i.e sell when people expect further upwards price movements and buy when everyone is selling.

Hhmmm sure someone else said this was a good strategy.

If only i could follow it too!

What was your timescale here hagd?

and do you ever have a good day? hehe

ET

The stock market is the stock market. There is always ups and downs and always another crisis on the horizon.

As long as a company's fundamentals haven't changed neither should an investment strategy.

A trading strategy on the other hand is totally different.

Investor psychology is a very interesting subject. Easy to comment upon but hard to live by to profit short term.

Up we go - We are the best in class.
Down we go - We are doomed hehe.

But the facts remain the same which is why i remain invested. Just wish i had more funds for a top up.

You make a really good point sic. Sometimes we forget the reason we invested and the timescales we set.

But just because people vent their frustrations on here doesn't make them poor investors.

I'll quote Warren for you...

"The stock market is a device for transferring money from the impatient to the patient."

I remind myself of that everyday as i slowly lose my sanity. I can just hear the music...

You say that sg but this has fallen 30% from recent highs.

Carnival, owner of the quarantined cruise ship has only fallen 23% in the same time.

An opportunity for a top up maybe but most frustrating for long term holders and those that are unable to top up further.

According to my monitoring we are on track a to reach our fleet targets by 30th June.

Will let you know more in the coming days but the last few days show a slight increase in take up rate.

Fleet numbers are looking ok.

20th and 21st feb showed an increase of approx 4% vs previous weeks numbers.

Fleet numbers are still showing a steady increase in numbers.

These media events are all well and good but unless there is imminent news due what is the point targeting new investors?

...and by imminent i mean the Oxford English definition.

I think everyone would like to see that but if he is stating a license deal is imminent he is in a closed period and cannot buy any.

It's a performance related bonus.

I hope SEE performs, the SP gets a permanent boost to above 6.1p and Paul McGlone gets his shares.

But he needs to get his skates on and start focusing on finalising contracts rather than all the media interviews.

If you want to attract new institutional investors Paul get some new big $$ contracts signed.

Nice chunk you got there bogyo.

I have no idea of my true average. Six odd years ago I bought at 4.8p, sold at 7.8p. Did that a couple of times then bought back at 7p and sold them at 3.2p .

Then due to ENCAP's regulatory requirement for DMS bought loads more recently.

I've been topping up constantly ever since.

Dunno why you would want to be out of this share at this particular moment in time hagd, afterall the ducks are lining up.

Wow HAGD

I was thinking from your postings your average must be 14p and you must have at least a few million.

A mere drop in the ocean for you and mrs B GOOD.

It will see you good. Just have to see what % market share of DMS we get. I would think we will do well.

Doubt they will be able to buy shares still being in discussions regarding contracts/licensing.

May be the best course of action. The SP decline is depressing enough.

CFP doesn't hold any shares. He used to but sold at a loss.

We've all been there... Cut him some slack.

Thanks Paul for taking the time to go to the conference and the effort to type up your experience.