Member Info for teslo

Last post 8 seconds, one before 10 this one 3 because 21 seconds is the amount of time I willing to give to this.

My post history highlights my recent trades, buys and musing, so there is no need to second guess neither my actions or motivations.

Today I purchased some more around around 3.20, it could be short-term trade or a long-term hold, I have not decided yet and relevant stops are in place as always.

I would suggest you look up the dictionary definition of AROUND, OPPORTUNITY, and maybe SOMETIME as well and then I recommend you go out and touch some grass and enjoy the rest of your day.

I wrote my previous post in about 10 seconds whilst sitting up my ivory throne and this one in 8 seconds.

If you want to understand MISLEADING all you have to do is look at your own post history.

Just be patient.

The bottom could be anywhere, but history has proved buying anywhere around the IPO price will offer the opportunity at some point to at least double your money.

Notice how the buy recommendations from brokers are coming in now, that's because they have been accumulating in recent months whilst causing panic selling the weak holders during the same time period.

I have been buying buying and trading all the way down since £4.50 and realistically without the shorts the price is a £5.00plus minimum stock.

Look at the American market, stocks that led the market during the pandemic are getting hammered in a similar way to RMG, but unlike a lot of them RMG will produce strong results next week.

I think it's just like always, they're trying to drive the price down as low as possible, so they can accumulate.

Covid rates are actually increasing and I have been noticing workplaces putting previous safety restrictions back in place.

I am trading on the way down as well as accumulating along the way and no really too concerned how low it goes.

Thanks

Just sold half @347 will freeroll the rest.

Any reason for the drop this morning?

Have I missed an RNS, I managed to buy some after costs @335

I am continuing to day trade this at present at least until the 15-20p daily swings stop.

I have traded in and out over the last week and am back in averaging around 3.65 now.

Not really too concerned how low they go at this stage.

I have added more on the way down

I bought some more today.

I just bought the ones I sold at 444 back.

@Anger - OK

@Anger from a personal perspective I would have sold on the 25th January had I known that no statement was going to be delivered on 10th February.

It's poor form from the company.

Which in hindsight is probably what they wanted so they can buyback cheaper.

PI's are the only ones getting screwed here.

The company made a mistake not sticking to their plan of releasing a trading update on 10th February.

They could have burned the shorts today, instead they're getting their ass handed to them.

This looks like a repeat of what occurred at the end of September.

They dragged the price down to around 4.04 - 4.05 price level, but soon closed out when news came out about the Omicron variant.

Once they closed the price went back to £5 very rapidly, and that would be the current price level without the shorts, they're are attacking the price during the auctions anytime the price is close to breaking resistance levels. They will also be able to see the company buys on the order book, so it's textbook price manipulation.

I made almost 8 % this week trading RMG on two individual day trades, but my other account is down 6 % in valuation due to the drop since Monday.

And if anyone would like to observe a classic example of what I am talking about, check the FRES board ( Fresnillo plc.) and look at what that has deteriorated into in the last couple of days

@Angel I have done that I currently hold stock in RMG with no intention of selling and also trade some others on a completely different broker account.

Have a nice weekend.

@Dan exactly this is what these boards do to people.

I saw it in 2019 and tried to help the a set group of posters out and tell them what I had observed only to end up getting drawn into petty bull**** and ultimately becoming the main target for them.

The same crowd predominately all sold sub £2.00 in mid 2020 after spending the previous 18-24 months going on about fundamentals and not much else.

I think Dan makes valid points and today is no different the price started well and tested the 441 resistance and then at the 10am auction the shorts came back in and have taken control once again.

The market is the market and fundamentals count over the long-term, but short-term the market is a traders paradise with the @vix at its current levels. (422 - 440 is 3 % in 24 hours.)

Anyone basing their buying of stocks on fundamentals alone would be a lot better off taking the Warren Buffett approach buy them and check in on the price once in a while but ultimately have a 3-5 or even a 10 year outlook.

Marshall Wace is likely increasing for two reasons, one because they think COVID is over and that RMG's profitability will be heavily impacted by this.

Two, RMG stepped up the buyback program to 500k shares a day, with the daily volume currently around 2-3 million shares supply at those volumes will dry-up, the shorts are therefore creating artificial supply to meet the demand from the company.

It's very similar to DK v the shorts last year, with the difference being a lot of profit taking was likely taken at the higher level and I would assume real selling pressure from overhead supply (those who bought above the current price) will not occur until those holders approach their breakeven point.