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Topped up this AM having slept on it. Reduced average to 212.5. Hopefully, in future, I'll look back on it as a sound move.
@JG68
Hear hear. My average is 249, and I probably should buy more and average down, but would prefer to diversify rather than pumping more money into shares like this that have spectacularly disappointed and irritate me every time I look and think surely they can’t be down at this level. I suppose it’s times like this that one nerds to disregard sentiment and feeling, as it’s probably cheap as chips, and if it goes back up, money can be taken back out. Thing is I’m under water on the likes of Centamin, Cineworld, Helium 1, Tui, Polymetal, Boohoo etc., most of which I’ve topped up on. I’ll sleep on it and decide tomorrow.
Do we have to endure the drivel from esecallum every time there is a small retracement in the SP? Surely he’d get more satisfaction from throwing rocks at passing airplanes….
In fairness, it is a lot easier for us retail traders and hedge funds to just sweep the historic misdemeanours under the carpet and move on quickly, than it is for institutional investors, the FT etc., that need to be seen to tow the Government’s squeaky clean ESG procedures, applicable to all but the shady politicians themselves. Time is a great healer, and for that reason , this share should climb slowly and steadily I feel.
A good outcome today, (except for the shorters and esecallum). Now the institutional buyers can return, and the SP can continue to recover ground over the coming weeks, months…I can’t foresee parting with these shares easily, now that PFC has drawn a line under its historic transgressions, and has a new squeaky clean board and governance procedure in place. Onwards and upwards…
When I manage to buy shares really cheap, I wonder who the pillocks are that are selling them and loosing big time, then I see posts from the likes of esecallum, and realise it takes all sorts, and some people would be better off playing fruit machines than trying to understand stocks and shares. For PFC to go down substantially on Monday, that means a load of investors have to dump their shares - now ask yourselves, why would they do that at the point the fine that has been known is coming for ages is finally resolved, allowing the business to go forward without dark clouds over its head? Now whilst we all should know the market doesn’t always do the obvious in the very short term, for example Monday might be a general poor day in the market with most shares shedding value, PFC dropping on fine resolution drools to me like an obvious positive for the company, and unlikely to be a negative, as the charges it accepted and have been convicted of were less than many feared. GLA who are long on this; shorters get to sympathy.
Me too. Been waiting patiently for an opportunity to jump back on board this share since last November- really pleased to have had the funds to do so at the right time this morning. Want to hold long term this time.
For a few weeks, I’ve been wondering what point I should consider buying more, and averaging down on my existing holdings. That decision became very easy today, so I’ve bought more. I’ll wait patiently now, as supply chain issues won’t last for ever.
Bought back in today and in for the long term. Traded in and out of this one a few times over last 12 months, and at this price, I’m ready for a long term commitment.
I entered into this one today at 766, in the full knowledge that it is a high-risk punt. None of us know now how this will pan out, and where/ when it’ll end, but I decided this AM, when it dipped 11% that I’d consider entering if and when that drop became 25 - 30%, particularly if it happened today, as it could be in oversold territory. I entered Petrofac sub £1, and am just playing the waiting game there. Will do the same here. If it continues to drop, I intend to top up and average down. It’s a sector I monitor closely anyway, as I’m in NEX, Stagecoach and First Group anyway, (no-one’s going to accuse me of diversifying today!) GLA.
@Icouldntcomment
Happy to run with this sentiment....bring it on!!
Correction - I meant summer 20
Bring on the short squeeze again, anyone remember that in summer 21?
@Candid
Funny you should say about looking at shares at a yearly low point, as this AM, I stuck to my guns and didn’t top up on CEY, having done that enough for the time being, (even though the thought did occur when it dropped below 90) - instead I bought into Polymetal. Hardly diversifying, but I’m a sucker for these precious metal stocks at these prices.
Bought in today. One year low, dividend payments anticipated in future, and too much money already invested in CEY to sensibly be topping up more there. Not exactly diversifying, but very pleased to be on board. GLA.
@Candidinvestor
I think we will all be relieved to see CEY get back up to 135 in a timely manner. I have been averaging down on this more than any other. There is of course a story behind the SP drop with the reported instability at Sakuri triggering a large drop, which was my original entry point. The original anticipated fixing of that has taken longer than my amateur estimation.
TBH if I wasn’t so heavily invested already I’d top up again, but it does not make good sense to have too many eggs in one mining; plus I through caution to the wind a couple of weeks back in fund allocation to purchase shares in HE1, which is a whole different level of risk.
It’s good to see investors like you buying into this share though, as we all believe it’s due to turn the corner some time soon.
Been on and off this BB for circa 15 months, and in and out of this share during that time. Seen plenty of ramping and deramping over that period. Currently, it is my second highest holding, and I’m comfortable with that. I actually find some of the better quality deramping posts can be helpful, as I always like to consider the downsides and the arguments behind them, before allocating hard earned money into a particular share, even though there are some on here that cannot cope with any negative posts against their beloved CINE.
Topped up today. It’s at times like these, when sentiment is so negative, that I cannot resist investing more. CEY has been a very performer for me. I can only recollect disappointment followed by more disappointment since the day I entered. Unlike my other shares that have plummeted though, I still feel this one will come good in the future. Gold and CEY will come good, and I’ll just have to be patient I guess.
Jumped on board today. Have had CFD positions before a couple of times on this share and it has done me nicely on those, so at this price, I decided to purchase and hold. GLA
Couldn’t resist topping up today, effectively averaging down. I believe all will come good in due course; although I don’t know whether that will be weeks or months away. GLA.