Member Info for TerryM1

Muck165

Good analysis and can only hope we see some profits in the not too distant future as nothing else is likely to move the SP up, at present the best I can hope for is a SP recovery which will cut my loses, not a good place to be when almost all of my other investments are well up (and market in general up) since the time of the fund raise even the ones effected by Trump.

Not sure what caused the recent dip but gave me a chance to buy in, wanted to back in May but did not have the funds then.

My main issue is not about the fall out after covid but the fact they were saying there would soon be profits on the last fund raise, took the cash then radio silence and back to the jam tomorrow reports while spending more money with no tangible financial results.

Hghotshot

Simple just filter, as I said I don't care. In my defence I made one simple statement which was true and got hit by everything that could be found to throw at me so I responded, I am not just going to sit and take it when I misquoted, insulted, stated I said things I did not, told how to trade using hindsight, wasting my time etc.

Jim800

"You’re so wonderful - do you have a fan club we could all join?"

I see you run out of things to have a go at me. I would not usually give out this much detail but all I have told you is in response to you telling me I be better of doing this or that, not worth it, spending too much time etc. so I wanted to inform you about what I am actually doing in the hope you may see you way is not the only way. We all have our own paths to tread and you will get as good as you give when you start criticising what someone else is doing .

Jim800

" don’t want to sit at a screen all day scraping cents here and there."

I don't spend hours scraping cents (except in your mind), I mostly use limit orders, Friday was from 8pm to 9pm when working on something else (have a small farm to run and a building development on the house/land) and spent a maximum of 10 minutes to make the trades, end result was $190s profit. Yesterday a bit more effort perhaps the best part of an hour, $219s and £769s profit so not "scraping cents" to me, also trading for my partner now after she asked me to, she is very happy with what she has made which costs just a few seconds more each trade. I use mobile phone or Ipad while doing something else, I find I can do 2 things at once, you should try it, works better than hold and hope. Probably spend less time trading than you do posting and going though my old posts to misquote me.

"No loss till you sell"

What a joke try working for a fund manager explaining that to a client, try to get a loan against your holding or prepare accounts under IFRS.I guess you never worked in finance.

"No trading hindsight at all just pointing out you could have avoided your losses or increased your gains by acting differently"

So why do you keep quoting lows and highs after they happened saying you could do this or that, looks like fantasy trading to me or tell me the lows and highs before they happen and then I would take you seriously. I have given you the lows of $14.35, I cannot predict the high you may be surprised to know.

So let’s see the maths where I make more money holding from a low to a high (which you can predict with 100% accuracy after it happened) than having multiple trades which together add up to far more that the difference between the low and the high (even if you could predict the high as it happens). I take between a few cents up to 50 cents, and from a few pennies to 25p depending on what is happening on the days when I trade, I use the same cash, cut down the risk as I rarely hold overnight when the news comes out and get overnight interest on then cash.

I also have Lloyds, IAG, Energean, Aviva, and Phoenix but not HSBC and hold some long term, just because you hold shares in a company does not mean you cannot also trade them which I do from time to time when things are right, Friday bought after good results in IAG and ITRK when dropped due to Tump’s tariffs, will hold until prices settles. In fact you need to know when to hold them, know when to fold them, know when to ......

All I see is a money pit with a lifestyle choice for the BOD doing what they are interested in with no regard to shareholder value or profit. They asked for more cash, said there were going to be profits, went radio silence and still no sign of profit. They are great at spending money but terrible about producing a profit. Only thing changed since last fund raise is more money spent and SP gone down a lot more.

Virtually everyone is unlucky as I don't think hardly anyone is in profit let alone breaking even, most with huge losses but no contrition from the BOD or any sign of an apology for losing a lot of people a lot of cash.

"The government took the SP from £1 downwards not the bod's"

The government were not good and perhaps some of the drop is down to them but remember ABDX did get paid eventually but this is firmly at the BODs door otherwise why would the SP keep dropping after the issue with government was over.

Trenners

I love you optimism but I have heard this for many years now, however I would agree things are looking better and the issue is JL did a huge amount of damage hidden by lies, dodgy accounting and selling off the family silver (as I stated many times when he was running the company) and it is taking a very long time to turn this around. Let's hope December bring better news but I would like more than just hope.

Looks like another disappointing jam tomorrow report but a lot better than it would have been under JL.

"Think these guys know what they are doing and positioned well for what's coming."

Unfortunately these guys have taken the SP from £1 to around 6p while paying g themselves very well for doing this.

Looks like the profits promised at the last fund raise are still just a dream, a money pit with at best jam tomorrow, if a new fund raise is required and more share dilution I dread to think where the SP will be and no one will believe anything the BOD say about future profits. The BOD should concentrate on making some money instead of spending it.

JIM800

"Terry - I think recent events proved my point - if you’d bought at sub $14.35 and then sold a few weeks later at $15.60s"

I take it you did this, if so why not.

Your trading hindsight is 100%, twice now you have predicted the high after it happen, please tell me the next time the SP reaches a high but this time before not after. By the way I have made more trading many times than I would have holding even going from the low to the high.

“plus surely that would have been better than 3c at a time”

Of course I would but the facts are it did not go up any more so I traded out, so sold out, bought back in with the same money, traded out again made $190 for 10 minutes work and then back in at $14.30 to hopefully trade out today at a profit. Again not reading my posts I have made up to 50c on trades, seems you don’t understand every day/trade is different, some days it goes up a lot some days just a little, some it goes up and down and of course some days down.

Check IAG and ITRK boards out for Friday, you can see my trades as they happened I have also called that right.

How’s your trading going, how much did you make Friday, do tell? Or do you only do fantasy trading after it happens!

“You repeatedly tell us it only falls on acquisitions and is not affected by other world macro events, looks like it is.”

Again you either do not read my posts or deliberately misquote me, I never once said “it only falls on acquisitions” or “is not affected by other world macro events” I said the SP immediately falls after acquisitions, you said it could have been from other events so I said what events have occurred between the announcements and the falls. You really should either take some English lesions so you can understand what is being said, remember what you said or stop misquoting me.

Or even June investors, should read

many investors.

JC01

Should have added I think the botched financing in the Maverick deal was the last straw for may investors without it we may have got a partial recovery but DECs financial integrity is now shattered.

JC01

His strategy seem to be hold and hope, perhaps it will come good one day, not one for me, too many opportunities elsewhere.

JC01

"Oh dear Jim , Broomtree and all the rose coloured spectacle merchants what’s happened to your little rally you were so pleased and pumping about !!"

As I say investing in DEC has been a disaster but trading profitable as SP is not holding onto any gains but relies on the BBs to put a floor on it which is around half the SP from a few years ago.

JIM800 posted

""Enjoy all your buying and trading for peanuts around $14.35""

and then

"sometimes buying low and holding might (see I’m not dressing my opinion up as fact, you may wish to try it sometime) be more profitable, looks like over $15 today"

Seems his opinions are not very profitable and may lead to losses, I have been in and out of this share over 30 times this year alone taking anything from a few pence to 60p and for NY anything from a few cs to 50c profit each time all using the same cash. Far more than I could have got holding even when the SP was at it's recent high. I still have huge loses but significantly reduced, would have been reduced more but I am reluctant to put too much money into trading as could take a big hit if holding and Rusty comes up with another cunning plan, also my $ trading is just using most of my DEC dividends (some deployed elsewhere) as these are paid in $ in II and not wanting to add more cash for reason given and 1.5% CCY conversion fee. You can say I am spending a lot of time on this but I am not, a lot of trades are limit orders and I just check from time to time while working on something else.

However I do sometimes hold for a time when I think it is the best course of action like when I rebought in at around £9 but sold a lot of these now and use the cash for trading. All in my old posts.

In no way I giving advice just saying there are other courses of action to consider, even been accused of ramping other shares when all I did was say take a look and as the facts prove have been very profitable.

I will say if you can't handle what I say, don't like it, think I am talking rubbish just filter me, I don't care, why would I, better than posting insults, silly videos and using opinions to try to disprove facts.

Last limit order of the day was part filled at $14.30, will be interesting to see what happens Monday.

Sold my first limit order and placed a second at same price of $14.35 which also got executed and just sold out, both for around 3c profit but on a large amount, now placed a lower price limit order as BBs seem to stop just before end and SP and drop.

II free trades on NYSE today that helps.

Just had my limit order at $14.35 executed, hopeful get out later at a profit.