RE: Singer capital markets19 May 2022 12:20
Mcoption,
I will check on return if I have that figure still. It was at least 8 years ago if memory serves. Plus so much trading and buying back and buying anew at crash lows on occassion, since that I doubt much can be derived other than simply I took a view from all my experience of failed delivery and a desire more generally to reduce, and I sold down. Then these relentless buying opps kept appearing and tempting me back in to average down (recent example selling and posting at 16p+ to buy back at 10p and lower). Gradually as that worked a treat the ineptitude of the BOD and enabled the process to be repeated. Now been doing it for well over 2 years and in the 8 years all told, my average price has gone from over £4.50 to now be around 17p, give or take. a revelation to my situation and within striking distance of b/e or even dare i hope, a profit one day. Once identified it was all so obvious and predictable and i tried advising but all i was met with was attacks, denial, lies and Stalker. Well it worked a treat for me!!
It may also have helped that I was aware of many missed, delayed and failed expectations. It was almost comical. My conclusion wasn't a difficult leap that much would be expected but that share price delivery would be a rollercoaster that I should trade if I had the nerve to take the risk. I felt it was a fair bet and its worked a treat thankfully. Infact so far it continues unabated and I expect even with Ranger it will be a model to follow for a while longer. There will come a time trading the buying opps stops and then as I always keep a core holding I will still be very happy if one day we shoot up and stay up. aimho
What I identified and traded was a continuation of what I had experienced in Vialogy. Namely a never ending list of positive reasons to hold or increase along with relentless expectations and excitement which was nearly always unmet, delayed and if not then detail light and inconsequential apart from a spike and retrace. I played this scenario in a material and sizeable way time and again. Selling on a material rise and on the way up. Buying on material falls and on the way down whilst also adding funds if we really did fall below my view of fair value. Its far from rocket science and nothing much to learn as all it was was once having identified this pattern with a safety net that I wanted to reduce anyway, I simply played the trading game to average down. The pity is that we performed so poorly for so long and that continues. The Silver cloud for me is that its obviously worked a treat and the irony is that if we ever rise sustainably and leave these levels I will be happy as hell as I only trade my trading element not my core. That is though of a material size.