John Hume - Amateur Investor16 Nov 2022 09:37
Morning investors - be careful - there are lots of amateurs on these boards. Take John Hume for example.
first he posts:
"WTF has a 50 day moving average got to do with today's SP."
then he posts (few hours later) an excremental tirade of historic drivel not relevant to today's SP :
"Rolls Royce peaks at 375p - Bottomed out at 38.98p. Almost 1000% increase to restore to original level.
Boohoo peaks at 413p - Bottomed out at 31p. 1340% increase required to restore to original level.
Easy Jet peaks at 1507p- Bottomed out at 294p. 513% increase required to restore to original level.
IAG peaks at 495p. - Bottomed out at 94p. 530% increase required to restore to original level."
So, first he contradicts his own statement that history has no place in determining future share prices. Second, he lists share prices taking no account of dividends, time periods, rights issues. Third, he seems to think that all investors must have bought at the very top and therefore need to have a massive (e.g. ~1000%) rise from the very bottom just to get back to break even. In real life, investors often make several trades (buys and sells) at different points within the range of the low and high. Amazing! Rarely have I seen such excremental drivel on lse before.