Member Info for teslo

There was a huge volume spike during the closing auction between 4.30 - 4.35.

My post was about how it's actually easier and more profitable to buy the rise, rather than buying the dip, trying to time and predict the bottom.

I read a really good book about it recently and it highlights a mistake I have made in the past and what many on here have also made and I used that to illustrate the point.

As @one said previously some people are overthinking assuming it's always about them.

@Crystal, in May-June 2018 many people on here bought the dip, and then they proceeded to spend the next 2 plus years continuing to buy it whilst talking the price up, and plucking figures out of their ass about where the price was headed based on at best minimal analysis purely because they were stuck.

Without a global pandemic, those people would have been stuck indefinitely, and based on their posting histories, it does not seem that many of them have educated themselves or learned anything trading or investment related during the intermittent period.

If any of them had predicted the global pandemic I'd respect that, but they didn't yet they seem to be taking the credit for it because the price has surpassed a prediction that was purely guesswork. Those selling the dip post-May 2018, were for the most part chased off the board for implying the price might fall further.

Unlike the past, this board has a semblance of balance now, mostly because that group of posters has either moved on, sold up, or post less frequently. Fortunately, they have been replaced by people who have bought the rise, not the dip, and therein lies a fundamental difference.

I'd rather buy the rise than buy the dip at this stage.

In 2018 it seems the initial sell off was caused by the May full year results RNS, which was followed by the profit warning in October.

I think Q2 & Q3 2021 earnings will be key RNS dates, Q1 April - June 2021 should be in line with expectations because Lockdown restrictions are only just being removed. After that based on what employees have been posting I'm not so sure.

It would actually be better if it stuck around the @565-600 level for a while, considering there has been a 20 % rise since the @495 low last Thursday.

In 2018 when the price reached these levels, there was no high level consolidation base set-up and once the price hit the ATH it tanked almost right away, then it ranged around 4.50-5.00 for a couple of months before the huge drop after the profit warning RNS.

Remember July 2020 when JP Morgan wanted to give you 1.45.

What I have found out over the last year is that the more I learn about trading and investing is actually how much I don't know and how much I didn't really know in the first place.

100 % @One.

Plus institutional investors are in competition with one another and have to disguise their intentions and thats why we get these consolidation phases.

How much of rise is genuine and how much is institutional shorts getting burned I have no clue but breaking 5.40 Yesterday was key as was not dropping below 5.13 on Friday.

Good luck.

The trend is more important than the specifics.

Institutional investors will unload just as quick as they buy if they feel the tide is turning. Ride the wave and try not get caught in freefall like many private investors did in October 2018.

Exactly, all they're doing is inflating the bubble until the next RNS.

The higher the price goes the greater the expectations will be and eventually RMG will either have to deliver or the bubble will burst like it did in October 2018 and the cycle will start all over again.

Just follow the trend, the what, why and the how is irrelevant sometimes.

The consolidation since April was an accumulation phase by the Institutional Investors, a big move either up or down normally always follows a consolidation period.

The tree shake on results day, and the following day, which was followed by the broker upgrade yesterday highlight what is actually going on here. Add to that the increase in Covid cases with the new variant means this could break the ATH before the next RNS.

But please note that I did post today before the market opened saying what I thought would likely happen today, and it pretty much played out that way.

Both scenarios occurred, highlighting as @Oli just said what a roller-coaster this share is.

Did anyone else on here post about the new variant of the Covid virus before it was reported in the news? or was that just me also?

I only post when I am trading or am invested, so unless we have a repeat of today I will not be back anytime soon.

@Onelonger I'm just trolling you to be honest to see how many people like your replies.

Take care.

If everyone was as smart as each other then efficient market hypothesis theory would be in play and no one would be able to beat the market or obtain a return on investment.

The key is doing your own research and realizing that there are no short-cuts and putting in the time and effort to learn, not to memorize but to understand.

Those selling between 8-8.15 were smart and not fearful, but I agree that the market makers went stop hunting in the run up to the low of the day, hence why placing stops has pluses and minuses. A stop @5.31 and you have been stopped out around 8.20am allowing you to buy back at 10am, whereas a stop @5.00 and that person would be pretty ****ed off right now.

It's typical of the algorithm manipulation by market makers and institutions which is everywhere in the markets these days.

This the 6th time in recent weeks that the price has bounced of the @495 level only once for a few day's did it breach those levels.

Since April the price has been consolidating within a range and that is normally a sign that the next big move is pending.

There is a lot of stability at the @495 level.

Unfortunately, it is what it is, Institutional investors are what move markets not private investors on a share board.

I think you just need not be stupid and / or greedy and potentially make good use of a stop loss when the opportunity arises simply to protect and lock in profits.

Institutional investors and brokers were executing buy orders @540 on open and sell orders @510 15 minutes later, why would they be concerned with a dividend of 20p when they can make more in 15 minutes on the spread?

If record breaking results cannot lift and hold the price beyond @5.40 you really have to ask yourself what does the market require for this scenario to happen and can RMG deliver it in Q1-Q4 2021 and beyond.

With the share price heading towards 5.00 the market was expecting a lot more than what RMG actually delivered today and as bizarre as that sounds considering RMG delivered record breaking results that is the reality of the situation.

It's just institutional investors doing what they do best.