RE: new highs?5 Aug 2020 12:18
Morning Stoodio and sorry to hear that. Sounds like you are close to your cousin. Haven't seen any of mine for decades as they all live far away, so I'm somewhat emotionally detached from them. I can hardly think of a more cruel turn of fate than that of visiting a doctor for a minor ailment only to be told your illness is terminal, and they give you 'x' amount of months left to live.
Nothing you can do, nothing you can say (except helpful practical matters) other than follow the solace of age old religious advice as you are doing, and that is: to take it one day at a time.
Then each new day becomes another bonus.
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63p?
Eminently practical and makes me feel a little better with what I'm about to say.
I've averaged down from 57 to 49.1p with plans to lower further that involve a high risk sell-out at higher profit to come (if fortunate) and re-buy at the end of the year, for what I project may/ may not be, lower or hopefully worse case scenario, no lower than I am currently. And thus control allocation of funds.
First off, apologies to all for posting of "very big expectations" When you see what I'm proposing you'll wonder why I thought it was even a big expectation. I have a thing that is a seasonal charty thing. Rarely use it, because it always lets me down when I use it - But note it, don't act on it, and results are not half bad.
- It must know when you're looking at it :)
It's based on the average performance of each month of the year, and it's showing August as the expected highest % gain in the SP of any of the 12 months over the last 5 years average. Only thing is, since I last looked it's reduced a bit, it's an algo so maybe it's calculated zero for Aug 1st and Aug 2nd? Perhaps that the flaw in historic mixed results?
Whatever it's also averaging Sept to December to be distinctly flat and uneventful. But Jan and Feb to further increase noticeably , but not like August is outlined.
Previously I was expecting bang on 60p, but as of now, it's coming out at 56p (look it was late last night and I was v tired :) :)
Should the SP reach 56p before the final week of August I may well act and sell (With part 3 of the strategy of looking for a decent return buy-in, which I can delay until the few days after Xmas, before New Year, as Jan and Feb are down for the next spurt in the SP). Otherwise will follow my fav No:1 trend lines.
So, I'm going (LOL) for 56p by close of August. It's not a case of will I be right? - but based on past performance of this little seasonal metric - how far, and by how much, will I be way out of line ??? :)
Be kind to me. And if you must throw rotten fruit after the outcome is known, remember you can't jump the gun and throw it until Sept 1st. :)
PS. True balance sheet metric longer term valuation of the SP is of course much, much, higher, longer term.
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