Member Info for Velo

...is someone with a holding in a share where they paid significantly more than the current sp. It's official: I'm now a long term holder in RR!

... in that it triggered a several months old reloaded and reloaded limit order for ALY. Held ALY since approx end of Feb this year but never bothered to post on here. My first purchase was @ 28.5p Held out for a low to add a top-up and got it at by the end of March @ 27.5p Thought to myself ....hmm 28.5p 27.5p has a ring to it....why not go for the triple and bag a 26.5p? Easier said than done as ALY rose and went on to show a 30% gain on my two purchases. I defo wanted more, so from March until Black Monday I reloaded the 26.5p limit buy, and was finally about to give up the ghost and buy my third purchase in the 27p's convinced (utterly convinced) that 26.5p would never ever be seen again. Almost bought in the week running up to Black Monday, but waddya know - it triggered!! And until it triggered, what with the rest of my portfolio, I'd let it slip from my mind so it came as a surprise when I had the automatic email confirming my activated limit order. Yes, with ALY's massiove spreads I'm overall, under water in my holding - but with an overall average including all costs of 27.7p I'm as happy as pig in **** with my ALY holding. By the way I have no more cheeky chancer's low limit buys outstanding in Aly, so you can all relax :) :) :)

Looks like we're back to the game of Hunt The Low Of The Week show. Had the TV on in the background last night tuned in to the financial channels, as I pottered about. Was taken aback when the presenter said all the day's US gains had retraced and ended with losses dropping in yet another significant day of falls. I thought right then - I bet that means we'll get it in the neck tomorrow. I'd bought a top-up of a US share late on Black Monday which lowered my average considerably, but still left my holding in that share well under water. It had risen nearly 5% by last night, so with the closing news was prepared when it now showed it back down to what I paid. The TV showed my share, even at that fall back price as topping the leader board of the DOW index as the highest riser of the day at ..... just 0.5% up. Strange days when a US stock tops the leader boards with a measly 0.5% rise! Below I posted support points based on the annoying day's low of 720p - but the day actually finished up at 724p which for today means we need to finish the day's close no lower than 715p. I know it's been lower than that already, but that's intraday only and not end of day, so it's still all to play for. If the trend continues really bearish then the last support point it would need to break for further concerns would be 707p. Needless to say, ending the day lower than either of those two support points would not bode well. On the other hand should something happen in the afternoon volatility-wise and take us on a bullish run, then it's difficult to see it progressing much past the two resistance points of 732p and if it broke up through that the next would be 740p. In the current climate those resistance points appear really fierce resistance levels to overcome. - Whatever.

Yes, my exact same thoughts today - at least until the final closing minutes . I've been looking at new do-not-pass-below-this-support-price stratgegies since it gave up almost all of it's day's gains returning almost to where it opened when it flirted around 720.5p area all afternoon. 720p (after opening at 719p) - Whilst the rest of the markets are well away and a couple of % up from their opening prices?!? 720p? You gotta be kidding me! (Knew that my earlier 729p buy was at the top end of likely gains and I'd be seething still, but for what happened in the last 30 minutes or so before closing (724p) which I am now quite happy to accept given that wild volatility is the flavour of the moment worldwide. But it was far too long at 720p for it to be mere fluctuation volatility. All my portfolio shares, and watchlist after watchlist are as one in coming off the worst of Monday's lows. So the final 30 minutes was a surprise. - And at the exact same time RR put out an RNS that Blackrock had reduced it's holdings in the company. You'd immediately think that was a bad news RNS, yet the sp lifted from the lowly 720/1p into higher mid-ish 720p's area. What gives??? Could it be that Blackrock's presence was regarded as unwelcome? (In the past Blackrock used it's hedge fund capabilities to team up with another hedge fund and short 1.5% of the shares in Pets At Home). I don't know, just ruminating, but the announcement that Blackrock had reduced it's holdings in RR came out at the exact time in the final 30 minutes or so that RR rose up and got off the floor. Coincidence? Whatever, the only thing that will move RR is future RNS trading interim updates that reassure things are on course towards recovery. In other words every 3 to 6 months you'd expect a creeping slight improvement to at least consolidate price ranges. So today falling back all afternoon to 720/1p wasn't pleasant - when all other western markets were getting on with it. If there is still a downward re-rating continuing with RR outside of yesterday's Flash Crash Day, then there are some worse case scenarios of danger support points to consider. Warning: Long term holders look away now. The first support level that if breached would signal more trouble is 689p If that went, then the next support point would be (I mean it - look away now) - 659p But that was based on a 720p close. However, every time the SP has spiked to out of character intra-day lows it has always eventually returned to them in days/weeks later with a vengenance. (Shown as 685p above) It's 724p now, so maybe RR was just late to today's rebound?

The rest of my portfolio is coming up fast in the time I posted so just bought back in to RR @ 729.17P

Just been and checked the contract note upon seeing your post L/Bradford and turns out it was a small loss of just under a fiver ( £4.86 : ) It triggered at 8:01am on Thursday. 8:01am ?!? The number of times I've seen a flash price drop to my limit order BUYS and ... nothing, zilch! They don't always trigger when they flash momentarily near the day's low. But they always seem, to trigger the sells orders. However, by close Friday I wasn't too displeased. Didn't think I'd mentioned Lloyds here, did you see that on the Lloyds board? Yes it did triggger (as did another limit order, this time a limit-buy order, for a further top-up of another share in my portfolio). It finished (Lloyds that is) the day just over a 1p down on the actual price, but currently now, it's blue and showing a tiny profit. Futures in the US are indicating the US market is likely to do similar to our markets and trade positively which should bolster and encourage RR to maintain and maybe even improve today's gains further. Which leaves me in a quandry with RR. The SP of RR is now safely out of oversold territory. (It went into "irrational" oversold at 721p and below yesterday) - today it's now well clear of that 30 RSI rating. At this rate I can see myself ending up buying back higher than my automatic sell out just because it will be "safe" to do so LOL! Sentiment aka decisions based on emotion, bah! What have Holmes, House, Sheldon (from Big Bang Theory) and Spock of Star Trek all got in common? - They are all classic examples of sociopaths; individuals devoid of emotions in their decision making. They would all make the perfect investor. That's the trouble when investing; emotions get in the way - just check out the more virulent b/boards :).

Anyone who hasn't felt a bit queasy today, must be so emotionless they can only be a diagnosed sociopath. Where we are: The US dropped 1000 points in the first half hour of opening, but then went from what they're calling panic selling to panic buying for a short time. It looked as if the US was going to get off almost scott free and reversed those losses to only 300 points down. This had the effect of impacting sentiment here lifting the worst losses so that RR finished up significantly above the lows of 688p's (Went to computer on seeing that on my phone but LSE was 701p by the time I logged on. Wonder if anyone managed to get in at the 680p's? But in the closing hour up to (9:00pm our time) the US fell again giving up it's progress with the DOW closing 600 points down. Which is possibly a warning for us here tomorrow on the possible direction of the sp. It all hangs on how the far east markets perform when they open in a few hours. RR's sp is a prisoner of world markets at the moment. We closed when the US was recovering -which benefited us here. As the US fell back by close their time, well after our markets had closed for the day, it leaves me with a sense of foreboding for tomorrow. Only the far east markets overnight (Shanghai) can change that for tomorrow - if they don't continue with market falls. It would appear most market analysts are of a consensus further falls are likely. Personally, I'm still holding out for the bottom of the market being done with, sometime this week.

With all worldwide markets in a sell-off, and the far east calling it 'Black Monday' and the US expected to suffer significant falls this afternoon, and that was precipitated by further falls in the Shang Hai overnight resulting in it's biggest one day fall since 2007 and most worldwide markets rated as in official 'correction' etc., etc., I hovered at 722p. Couldn't do it at 719p Now RR is flirting with crossing into the Oversold threshold and currently it's a micro fraction into that territory, just below the 30 cut-off point. Could go either way, but given the state of world markets....So if that sub 30 gets a hold it could trigger further falls in the RR's sp this week. I'm now supporting the view that if there is a bottom to this sell-off it won't be seen until later this week. So for me, I’m delaying buying back in. And that's not today. Each to their own tolerance of risk. What a day. It's got all the signs of me losing a day's work. I'm turning this screen off to make sure I don't.

You'd be forgiven for thinking that @ 735p It's as bad as bad can get and way, way, over sold yet again. Well, surprisingly it's not (oversold). Hard to believe but true! (Previously it's not been uncommon to witness a higher SP than currently and yet classed as oversold). On one hand impressive (on another, slightly worrying as it means it could be the 'true' market price). There are loads of shares this weekend suffering with an oversold rating that wouldn't have been, had the China calamity not climaxed by Friday. Was sure RR's closing SP would also render it under - until I checked. Amazingly it's still showing remnants of strength (INMO) @ 735p. It looks quite dramatic when the falling SP is viewed on a chart and looking more like the trajectory of an arrow heading for the the ground. It doesn't look like it's going to stop. But that's for next week. I'm talking about Friday night close. The SP we're at now, before business commences tomorrow. Quite simply being above the oversold threshold at this lowly SP means (to me) it's not panic selling fuelled sentiment. If there is to be another rush for the exit, it has to breakdown through into that oversold threshold. As of Friday close that hasn't happened. You can blame China, but it was drifiting lower before the latest geopolitical events hit heavily in the closing days of last week. So in a way, an oversold rating would be easier to handle in that you could make a fair stab at SP recovery. It could also be argued that not being oversold at 735p is a bad sign for RR in that it's the market price and not a panic induced flight from RR - but my post would go on for pages if I posted all the ramifcations that - I think - are possible. It would need to drop significantly more, before you could say RR sentiment had turned to oversold panic selling. It's trailing along near to that threshold, true, and would only need a few pushes lower, to tip it over the edge, but I'm gobsmacked that with all what RR has suffered of late, this latest China influence, particularly for companies with an international presence, has not yet forced RR to succumb, and remains defiantly not on the oversold limit, nor resting on the limit - but a notch or two above it. Been out of circulation all last week oop north, and realised I'd been stopped-out with my holding in RR sold automatically when it spiked lower on Thursday. Bit annoyed as I don't normally use stop-losses, but it wasn't really a stop-loss but set a few pence above my buying price to cover costs and leave me with with all my initial investment intact (still haven't checked accurately as only back at base as of today). Was intending to top-up on dips but I've been kicked out with my investment intact and a chance to buy back in even lower. So the question I have to answer is - is this China debacle affecting world markets a sign of worse to come or a buying opportunity?

Now the good news When it started the retrace climb down from the 840p’s it did so in a measured way that the RSI never fell below 50 (Talywhatnot got that wrong too claiming it was 58 - it wasn’t it was 50 when he posted. So where is it now that it’s flirting with sub 800p’s again? Only at RSI49 - the mid point is either side of RSI50 a bit like the captain of the ship saying reassuringly steady as you go - it’s within ’normal’ price fluctuations. So I’m happy to stay with my holding as is, but I haven’t fully committed my budgeted full allocation - never got a chance - it shot off too fast after I bought for me to top-up. There’s nothing in what I’ve posted previously, that an experienced investor wouldn’t have said for themselves - without TA and using just their observed experience. I’m not that good so I rely on TA a bit. It’s a moot point to ask is it going down? I have indicators saying yes and others saying it’s within normal fluctuations and to hold. The point is, the big panic for the exits that led to 700p-teens has emptied RR of the big sellers - they’ve gone. (Faor the moment : ) What’s left are frontline assualt troops type holders. That’s why this decline from the two day rise is not causing me undue concerns (concerns but not ‘undue’). The RSI shows the selling as controlled and thought out sentiment, not the panic induced sell-off that resulted after the new CEO’s flash announcement of huge losses and therefore a cancellation of the share buy-back scheme. RSI is still 49 and that’s well within the boundaries of ‘normal’ acceptability. I personally hope RR can stay the right side of 800p as it’s a physiological price point. 800p = calmness. 799p = induces anxiety.

“…it went up quickly in two days and reached rsi 70 and started retreated back down…” Woah, woah there - (….try RSI 59 : ) - Think you may have remembered the final summing up of my post and applied it to what actually happened. If RR had hit RSI 70, holders here would have been bouncing off all four walls as I’d guesstimate that would have translated into the foothills of £9 or at the very least a couple of pence below that But first . . . . Hi LeedsBradford, Actually saw your post very very, late last night, but was just briefly passing through after the Lloyds board, ate late and turned in for the night so ran out of time to reply Got to say L/Bradford - wow! What a compliment. Laughing like a drain here. I don’t need a CV (self employed) but if I did, I’d find a way to put your post on it, hee hee! Isn’t it just a wee bit over the top? You make it sound like I’ve been nailed to the cross by Romans LOL! What shall I ‘predict’ next you ask? (Think I’ll go for parting the seas and demand “let my people go”) : ) : ) I bristle at the term “prediction.” That was the heading used by Talywhatnot and automatically is repeated to link threads together. I don’t post predictions, nor do those seriously involved in TA. Trend spotting or trending changes in direction of trends (breakouts) to answer the perennial questions we all ask: When should I buy? How do I know when it’s time to sell? The best one can expect is that anywhere in this ‘area’ or that area will do. To pick a particular price point, is to invite disappointment. As I said above RR didn’t hit 70RSI and in fact has only done it once this year, round about April-ish. What I actually posted was that after buying I was up 5% the same day. Now I wasn’t expecting that. One the second day of ownership I was then up about 11%. And the RSI reached a maximum of 59 (not 70) which is quite acceptable but still awfully dramatically fast after being below 30 two days previously. What I posted at the end of the first day’s breakout from sub RSI30 (and the reason for my buying) was that if this continues at the same mad rate and SHOULD it hit 70RSI then I’d be selling and banking profits. Now the good news When it started the retrace climb down from the 840p’s it did so in a measured way that the RSI never fell below 50 (Talywhatnot got that wrong too claiming it was 58 - it wasn’t it was 50 when he posted. So where is it now that it’s flirting with sub 800p’s again? Only at RSI49 - the mid point is either side of RSI50 a bit like the captain of the ship saying reassuringly steady as you go - it’s within ’normal’ price fluctuations. So I’m happy to stay with my holding as is, but I haven’t fully committed my budgeted full allocation - never got a chance - it s

"...What happens if the deal with the 99p doesn't proceed? Surely the price will fall back...." Have you reverse-engineered that to back when the 99p Stores takeover attempt was launched? The SP was rising fast on excellent trading results then on top of that came the annoucement that Poundland had concluded agreed terms for a friendly takeover of 99p Stores, followed almost immediately by the Monopolies Commission announcing it was investigating the takeover attempt and would announce it's findings on whether to allow the takeover to go ahead or not, or with restrictions. That's when the SP crashed from it's mighty high of 420p or so, all the way to sub 300p. So one issue to consider is that when the 99p takeover was announced - the price crashed. So take the 99p takeover off the table and would the reverse happen? Open to debate I suppose. But you must factor in that the 99p takeover announcement ultimately led to the SP falling massively. So is it possible the SP would rise if the 99P takeover was terminated and taken off the table? You could argue - no it was the suspension by the Monoplies Commision that led to the SP falling. But if memory serves me right the SP started falling on the announcement of agreed terms of the takeover. The SP was flying on the trading results - and not the 99p stores takeover news. The opposite happened once the takeover was announced.

Well, that depends Coventrykid. What type of investor are you? I mean do you like to buy into strength or buy on weakness? PLND is quite strong Relative Strength wise at the moment, which is pleasing if you're a current holder. But you ask is it a buy "at present?" Personally I buy on weakness - and waited a long time to get in at just over 300p after missing the chance at sub 300p. Sold up for a pretty profit @ 418p soon after and set about waiting for weakness once again. I expected my patience to be severely tested and all but wrote off my chances of getting back in at a good price. However, luck was on my side and days after selling (or it might have already been publisehed in the day or so before I sold) the objection by the monopolies commission over the 99p takeover attempt was published - and the effect was - down, down, down, went the SP. Actually I panicked a bit around 320p and bought back in at 321p, I just never expected to ever see 300p again, and therefore topped up twice more with smaller investments, on further drops, bringing my current average buying price to 316p - as I was then forced to watch it temporarily drop even further and go sub 300p once more - all after completing my buying spree - doh! :) :) :) But I'm more than happy to be in at 316p - and I'm looking for a further top-up or two depending on the trend direction surrounding the 99p store takeover attempt. Right now, things are riding well with the Relative Strength Index displaying a rating of 67. odd at the moment. That's good - but dangerously close to the 70 overbought threshold, so the SP might (might - not will) might suffer some slippage in coming weeks/month. Or not. Who knows? No one expects a Straight up vertical line. There's bound top be a bit of see-sawing now and then (on it's overall upwards journey). So my personal opinion for me alone (this is not advice to others) is I'm not topping-up on strength. But waiting for decisions on the direction the 99p stores bid will take and then take advantage on the dips. Long term - it's a no brainer for me - It's a buy. With Dealz they've even got their future plan of attack sorted too. Although by that time, Home Bargains will be a serious threat to Dealz. (B&M Stores are too dark and dowdy to be a serious threat to a future British Dealz chain). But that's all another story.

Prediction my ar,,,,(insert word of choice) ! Damn you tayalsmith for tempting me to break my self imposed break from posting on LSE,. If it wasn't for my phone freezing I wouldn't have seen your post but for shaking and my turning my phone sideways etc., etc., There's not a SINGLE accurate figure in your post. Where to start? Geez no wonder people say TA is rubbish with such made-up rubbish posing as a "prediction". The most outrageous claim is that you say the sp is trading above the 50day ma. It hasn't been above the 50DMA since approximately May. And even though it's dropped continually it's still nearly half a quid above from where we are now! So how do you conclude : " Stock is trading above the 50 DMA with positive bias. "? - When the 50DMA is in the at 845.37p vicinity?!? At first I thought you'd mistakenly used another share's data and mistakenly appropriated it against RR, but your ridiculous assertion that: "MACD and Signal line is sustaining above the zero level line" is just so wrong as to make me question the veracity of why you would post such nonsense. The MACD is NOT showing any signal line near or above the zero line. It's way below and yet to cross. My personal advice is to 100% ignore tayalsmith's post below due to glaring inaccuraccies. What, you think posing fictitious rubbish posing as data wouldn't be checked by others? (Didn't need to check as holders already roughly know the data from day to day - but re-ran the figures before posting in case there had been significant changes).

Still got a wry smile from AJBennett’s post last night. He derides a legitimately recognised type of investment decision-making as “a load of crap” then goes on to retrospectively use hindsight instead, to inform us all of “what is going on right now” by telling us what happened AFTER the event!?! Exactly what he’s accusing the chartists of : ) Great post by AJ - demonstrating perfect hypocrisy. If YOU KNEW what was “going on right now“ as you claim for yourself, what a pity you didn’t tell us all the day before the SP went up so dramatically. Instead you wait until after, to tell us. You’ve transferred your own failings by pinning those failings on to something you haven’t studied, haven’t read a single book on, haven’t practised a single indicator tool, yet feel qualified to condemn something you’ve never even read or researched. Go on, tell me what the simple initials MACD stand for. If you’re vain you’ll Google and lie you knew all along. But you’d stand taller in my eyes by standing by your assertion and admitting you have no idea and don’t care to find out either. At least I’d know your utterances about TA come out of your rear end. Don’t care for TA? Fine. It’s not everyone’s cup of tea. And I’m not here to defend it. I can even point you to Japanese candlestick websites that regularly publish an apology for getting it wrong. That’s the trouble with INTERPRETIVE indicators - the reading all depends on who’s doing the interpretation. I don’t like tea-leaf like interpretation indicators for that reason and mostly stay away from those and stick to averages, price, volume and momentum indicators - factuals. No interpretation required. Pure stats and facts - in the face. But puleeeeeze don’t try kidology that you actually know what TA is and therefore are somehow qualified to pass derogatory judgement upon it. Or maybe you can share which TA methods you've used and found wanting??? By the way, if you try kidology that you know without Googling what the letters MACD stand for I‘ve got whole lists and lists waiting for you to explain and demonstrate your knowledge about. (By the way, as regards TA - I regard myself as only novice category : ) So, if you want to change the rule book at least read the rule book first (as the training sergeant always says to the recruits in the films) In the end, I must admit it’s not really your fault. I blame the movements involved that chose the disastrous term ‘Technical Analysis’. It’s far too scary a title and justs puts people off from the set-go. We have no problem with the term ‘weather forecasts’. The trouble all starts with the subjects’ name.

TA is a load of crap. LOL!

Posted earlier, of being in at 747.8p earlier this morning. Job done, went off for the afternoon and didn’t see the SP again until after close. Friggin’ L! After costs, I’m up just over 5% in one day! WTHell? This is not AIM - and the SP being up nearly 6% in one day flat, on a FTSE100 stock is more than significant, and not to be taken lightly, make no mistake. And for that reason it has me concerned. The Relative Strength Index hasn’t just lifted out of the oversold doldrums of sub 30 (yesterday; which is why I bought this morning) it’s rocketed past just over the midway point and tonight lies at a rating of 55 ! Geezus!!! You can’t do that in one day. Well it has, but it can’t - if you follow me : ) That’s what’s got me concerned, The SP hasn’t EARNED that one day flash rating on a 32% fall in H1 profits, despite all and sundry regarding it as ‘slightly better than expected’. At this point let me say, contrary to my personal concerns, as of tonight ALL my TA indicators are saying relax it's a screaming bright blue buy. (Went over to British Bulls and they’re saying the same). Candlesticks are more art than science, and can take forever to master fully, so I don’t - I take a peek at B/Bulls now and then when I want a candlestick confirmation reading. So, wherever you go this weekend, you’re going to see a ‘buy now’ rating for RR. (Think it even busted through the 20 day MA too; haven’t finished checking all indicators yet, but seen enough already). I’ll be watching the RSI like a hawk. And I can reveal one thing. If the rise is as swift and as dramatic on Monday and lifts the SP to an RSI rating of 70+ I’ll be banking profits and taking my money off the table, and with the added funds buy back in much cheaper after the inevitable happens. It’s in everyone’s interest that this SP solidifies and gains strength - STEADILY, modestly. Not a continuation of today’s whippet out of the traps rocket-like performance. I’ll say this - (for short term only) If come Monday the SP rises as fast as it did today, and breaks 70 RSI - it’ll all end in tears in a week or so. (Long-term however; things are at last moving positively). It’s never about the figures - it’s always about sentiment.

“you don't even have dudes posting style…” - She bladdy well does! I mentioned assumptions earlier; well I’m guilty of one - assuming Q/Elvis was male : ) “I can only suggest that if you are busy off board and work is pressing then it might be an idea to shorten your posts…” - Arrgh, well you got me bang to rights there. “…You didn't say you had bought shares at £7.47 so how was I to know…” - Why should I? It’s unimportant. I own several shares, a couple of which I haven’t even posted about at all, ever, on the relevant forums. As to my earlier point, why should you take Grayling’s posts to task as of being less contributive for not actually being an investor in RR? It doesn’t matter. “..You are no stranger to the rolls Royce bb so if you go into hibernation again without saying I might start making more assumptions..” - That is my intention. It is fun, but also dangerously addictive, posting on BB’s 99.999% of my total posts were racked up by Christmas 2014, so I’m annoyed with myself that I’m creeping back on LSE. It’s a traumatic time for RR, so I thought I’d contribute, and also find out what others think. But you’re right; I must stop using this forum as an excuse for putting off getting things done. Procrastination is my middle name. - And now, another post : ) about my thoughts on today’s astonishing closing SP performance.

Edit: Inserted the wrong quote in the 13:02 post. Should have been the quote in my 11:49 post which referred to the insinuation that, only-the-views-of-those-invested-here matter.

Before I clear off and get some work done, I've just time to post this. There's a view that prevails throughout this LSE site. I. personally disagree with it but that's just my opinion. The following post related by Q/Elvis in his own post, reminds me of it QE @ "...I read this from a lse poster and liked - lse is full of ten bob millionaires here for an ego boost but they would be better suited to sitting at the roulette table. I don't think he/she intended to post anymore so we can only speculate as to what it meant. Is investing about making educated cases and maybe seeing your investment double over a few months eg flyb or grabbing a point or penny a day. Have a good weekend...." My opinion again - but that is just a ridiculous 'inbred' outlook on how to view the world. And it's not unique to this board. Should the prime minister ever be allowed to commit this country to war against another country if he's never fought in a war himself? How could he be 'invested' in fighting if he's never fought himself? Should Osborne be Chancellor of the exchequer as he only has a history degree and not a single qualification in finance or economics? So, he's not truly invested in the subject matter he's employed in, is he? Angela Merkel of Germany has only a chemist's qualification as her right to hold authoritive sway over the EU. Surely that's wrong too, according to your poster? A former research scientist ruling over the EU? (Thatcher was a former scientist too, wasn't she?) How would that have been considered as 'invested' for a future as prime minister? Of all the main leaders in the last election all were ex-public schoolboys apart from Milliband who lost comprehensively. (Even Tony Blair was an ex-public schoolboy). So to become future prime minister the last 100 years show that overwhelmingly, apart from a statistically insignificant figure, you first have to be 'invested' with a privately paid-for privileged education, not available to those of average income. If you post on a particular share site your views only carry weight if you're invested? Is that what you're agreeing with in that post you recall? I suspect if it were positive comments from the 'ten bob' posters then suddenly they wouldn't be so dismissed. If you read one type of poster you limit yourself to a mirror-like reflection of hearing your own views from similar minded people. It's not about being right, and hearing your opinions reflected back - it's about making money.