Member Info for steveinhull

THE SHARE PRICE IS NOT THE COMPANY

Investors are paid based on the share price. We don't earn our money from the company paying us directly.

So the share price is all that really matters to us.

A big investor fallicy is too many fall in love with the company. Big mistake. You can have the best run company in the world. But if it's share price is in the toilet it is worthless to investors.

Unfortunately Goldy the market is puking again today. All indicies are down again today and the US futures are now turning negative. Only ones how are making any money this year are short sellers and day traders. Us long term holders will just have to sit on our hands for a while yet.

On a positive note be thankful you are not a SUPREME shareholder. Down 31% today. Ouch.

How long have you been invested in THG Rich?

Hmmm not good. This is one of the big issues. They promise things and don't deliver on it

The beauty soon off as a separate company. I bang on about it. But it was promised in another update last September. Still nothing.

No worries Ste....we are all in the trenches with this share for sure. Just hope those of us in at higher prices can see a return at some point.

I have some at 94p.....no brainer that will make money
I also have some at 185p.....should have sold out at 230p just before the turn of the year but didn't. I think that bundle will take some time to make a profit so I have written them off for now.

I am torn on Ortex. Not sure how accurate the data is. But just presenting it for others to make up their own minds.

Ortex short information is all increasing.

Flagged shares shorted 25.05 million +5.77% in the last 7 days
Free float on loan 4.72% + 34.09% in last 7 days.
Shares on loan 35.85 million +34.26% in the last 7 days
Utilization 26.31 +63.82% in the last 7 days.

If you believe Ortex data is accurate then the short interest has gone up by a lot in the last 7 days.

Because they are playing both sides of the trade. They go long and run it up. Then switch to short and run it back down again.

All we can do is watch and hope something stops the pattern that has been going on since the turn of this year. Truth is until the company updates the market on its strategy this will just continue.

This share rarely starts the day positive. Always seems to drop by +2-3% to start the day.

But we need an up day when the market is up.

84.77 is the 10 day EMA. Would want to see a finish above this level today. It has been used as a resistance level a few times in the last week (It was 88 earlier last week)

Good luck Rodney. Hope that makes you a bundle.

The pattern seems to be the drive it back under the round number and then set that up as resistance. They have managed to get it back under 80p again. So let's see if this is now todays resistance level.

If it goes by past performance of this share then yes it will,

Someone is selling off today.

Could be just momentum traders hopping on. Not many other shares going up today.

Another rise. Can we hold into close this time?

The amount of times this has gone up by +6% and lost it in the same day is a joke. It even lost over 10% in a day once.

Until inflation is under control and retail catches a bid all we can do is watch.

As I said the other day.....some are getting rich moving this up and down day after day ....and it's isn't LTH.

85.06 is the 10 EMA. That should be the target at least in the short term.

Personally I would settle to stay above 80. The market is poor right now and even small gains are welcome. Then we see how the market sets up tomorrow but so far, US futures are looking poor again which doesn't bode well for the UK tomorrow if they have another big sell off.

Just be glad we are not in crypto.

Don't get too excited guys. This share has a habit of rising then being sold off before end of day. Just temper your enthusiasm.

Could be Sir Chas averaging down after a day already :)