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Courtesy of thorpematt on ADVFN:
"Yes, results are out on Monday. I see no specific reason for the fall. I suspect profit taking is to blame. The shares have had a good run and the chart has gone off the top of its trading range. Often investors get a little cautious and bank profits pre-results. The combination of the 2 can often see such dips in the price. Recent trading has been very good so I suspect this is just a technical re-trace (or in other words an opportunity to buy)."
“For the record I have exited POW, in favour of CMET, until I see some more concrete progress on projects.”
Why did you invest in the first place then? You could’ve waited until there was more concrete progress and saved yourself the dealing charges.
Gamekeeper, Paul Johnson tweeted this morning after this news:
"Let's be frank - director options need to be challenging - so POW must rise c140% to 5p before these can even be used. I can tell you my aspirations don't stop there, not at all. POW doesn't offer cheap director options - never has & never will with me as CEO."
Make of that what you will.
Why is everyone so impatient? As Warren Buffet once said, the stock market is a mechanism for transferring wealth from the impatient to the patient. Either you believe in the long term potential of this stock or you don't. POW is up 201% over the last 12 months according to Stockopedia, so it's only natural there will be a period of consolidation. This is a multi-year hold for me.
"It is a silly saying but maybe in Mary Antoinette's day cake meant bread ! Which again could be interpreted in the modern meaning as money. Even dafter is the expression you can't have your cake and eat it which begs the question what do you do with it."
I think the peasants were starving because of harvest failure and when Marie Antoinette heard about it she coldly uttered how now infamous phrase. No wonder they executed her!
The correct expression is 'you can't eat your cake and have it', which has somehow, confusingly got switched around.
Could someone please explain the differences between POW and POW.GB.PL? The share price seems to be different and the rises and falls each day also seems to be slightly different - though this could just be a technical anomaly. I buy via the AJ Bell YouInvest platform and it buys the POW.GB.PL shares.
That's what I thought. If so, why didn't it have any impact on the share price - or maybe it did on the 21st, I can't remember if the price was up or down that day?
“I don't have a problem with someone paying a fee to a financial adviser for initial advice but that advice has to be: spread your risk. Which means investing in several funds. Fair enough, even if they don't recommend a Tracker fund! What gets my goat is the annual fee thereafter! Half an hour's work once a year shuffling money around to justify their existence?”
That’s an optional service though, it’s not compulsory. Many people like the reassurance of an ongoing service, as their circumstances and circumstances change. The key is to negotiate an annual fee you think represents value for money.
DG1066, why have you invested in Blue Prism if you are so negative on the company, the company's location, the company's prospects and the BOD? Surely you had all of this information before you invested? Doesn't sound like a sensible investment strategy to me, which rather undermines your credibility as a poster.
From today’s Guradian, a look at The ROC leader:
https://www.theguardian.com/global-development/2021/apr/10/denis-sassou-nguesso-rules-like-an-emperor-while-congolese-die-from-extreme-poverty-congo-brazzaville
I know not directly relevant to what's happening here, but interesting nonetheless:
"Signs are starting to emerge that the rally in iron ore prices may have peaked. The price of iron ore, a key ingredient in steelmaking and a bellwether metal for the health of the global economy, has surged in the past year. This has been driven by soaring demand from China – the world’s largest iron ore consumer – and as optimism grows over a big global economic recovery. But after breaking the $170 per tonne barrier this month, prices in the past week have slipped back 5% to $165 per tonne, the trigger being a crackdown in China on excess capacity in the country’s vast steelmaking industry and policy measures to clean up pollution from the sector, which reportedly accounts for 15% of all the country’s emissions. Chinese demand is still expected to remain strong, despite government officials calling for a fall in the country’s output this year, and that combined with recovery in demand elsewhere as economies reopen should provide a layer of support for the majority of 2021. Since the iron ore rally took off at the start of November, share prices of many big miners rallied with several reporting bumper earnings. However, analysts suggest exercising caution on iron ore at current levels, with many seeing prices falling back to around $100 per tonne by the end of the year.
Liberum analyst Ben Davis says a bull factor for iron ore could be a ‘large, fully-funded infrastructure rebuild program for the US economy’, but warns iron ore prices right now are ‘over-extended’ and ‘abnormally high’, with supply at mines across the world expected to ramp up in the second half of the year at a time when China’s demand moderates."
Dean, only if you have a very short term view. Trading is in my view, not a way to get rich, especially when you factor in trading costs. The only way to get rich is to buy a stock you think has long term potential, and hold it for the long term.