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Not posting this for any other reason than to explain why this stuff is so emotive. For me every 1p movement is the same as my monthly take home pay. I retire, albeit at a youngish age, in three years. This is why I am affected by days like today.
If you were at the casino, bookies or racetrack and had been 4.5 x your monthly take home up at one point and then left with a third of that you’d feel similar to how this share can get you.
The answer is undoubtedly to visit the SP infrequently and see the longer term changes but it’s so easy to track that it’s hard not to look every day. It’s hard not to excited when the SP flies. It’s hard being an SXX holder!
Once again I’m left angry and frustrated because I’m an SXX investor. Is it a tempestuous response unfairly taking in hindsight?? No it is not. It is because I’ve watched a progressive SP climb today with a very natural volume increase occur making this share look rock solid and sensible.
Now we have a day of SP activity that looks like a circus and makes the share look like a novelty item once again.
I get profit taking but it’s too extreme for one day and it makes this stock look like a wild card.
Pain in a 7% up day? YES.
If you are thinking of profit taking now and getting back in on Monday morning for 20.5p - DREAM ON!!
Hold hold hold.
Relatively stable SP this week and holding up well against the falls in the broader market where we normally over reflect those moves. Low volume suggests people are happy and holding - good news if that sentiment remains.
Now let’s plod along and wait for the excitement of latter April. Have a nice weekend all. Espresso martinis recommended.
Woody - LTH for me is someone who is investing and not trading, who has a strategy in place for exit, and who is probably looking in terms of years not months. Any LTH’s situation can change and they change strategy and go.
What bothers me is the SP activity being so silly and making this a comedy stock at times. Unexplained 10% swings within a day do nothing to suggest a steady ship.
Today represents a roughly 6% range - up then down down down on no news. This is not a good thing.
My 1-2% point is about those who are sitting hovering over a click tile trying to make a few quid via SXX - my wish is for them to go elsewhere.
Should say zero sum game
My rage stems from what I always perceive to be a damaging situation for us all when we have share price shenanigans that are either not explainable or are over reactive.
This stock has to be one of the worst in this respect - it is regularly in the top five most traded for the day and it attracts a lot of attention. The SP then behaves radically due to the behaviour of those trading it and we have a self perpetuating negative situation which I believe damages the general reputation of Sirius.
People often use phrases like ‘struggling company’ when they mean ‘struggling share price’. They are two entirely different things.
Got to question how we touch 19.23 from 20.43 when the sentiment was looking very good indeed.
It’s all just noise ultimately but I yearn for the SP to reflect the company status rather than being the plaything of those making money like they are today.
I take the view that I can buy shares that the seller is happy with the price and has made a profit due to the progress of the company. I later sell those shares to someone else at a profit I’m happy with and walk away. My buyer takes dividends for years and sells on and so on it goes - in my chain we are all winners and we are all happy. What I know about days like today is that many people have lost money because of market behaviour and their own poor decisions. My problem is that the greedy person and the loser in these interim processes have an effect on me and my holding. There are established companies whose activities create volatility and that’s where traders should be in my opinion- enter there and accept the I sum game and take your gamble.
I thin SXX deserves more respect. I don’t know the answer but I don’t like activity that I suspect has gone on today and every other day that we suffered this roller coaster ride.
I absolutely want scream.
WTF? WHY?
Just GO please - you can make your tuppence elsewhere. STOP effing about with this stock. GO AWAY.
We have an hour left- 18s?
Dear person trading in SXX
Please could you find another instrument to trade with. It was widely reported in investment media yesterday that SXX represents a ‘thirteen and a half bagger’ so it clearly is an investment opportunity rather than a catching knives type trading vehicle.
You currently worrying about a 1-2% daily difference on your take profit (LOL) sell price is undermining the overall professional image of the company as the SP ends up looking a bit fragile all the time. (It basically looks like a load of under researched numpties are frantically clicking on buy or sell buttons and getting in a tiz about a few percentage points of profit)
If you could just go away and leave SXX alone we as investors can watch a nice steady climb for the SP as dedicated long term holders do exactly that (hold!) pending their individual sell point being reached.
Thank you in advance.
LTH
Nice to see the legends are out with their “I told you so”.
Nothing will have changed this may be a leak that we aren’t getting good news as opposed to we are getting bad news. And of course we have the absolute over reaction of those that just shouldn’t be in this share. The volume is still low and no doubt represents loads of 5000 share pots being sold off in a blind panic.
Very frustrating but it happens every time. There just is no inherent confidence anymore and as such we need a forced situation of solid positive news which presumably we are not getting.
It is of course disgusting that this could be a leak.
Rich - I don’t have specific experience of following a company for this long through this process so I can’t give any examples of II tactics. I was “reliably” informed that when SXX was listed in the FTSE 250 that institutions would have to buy SXX to hold it as part of any FTSE 250 tracker funds- made sense and I got all excited but there was definitely no spike to indicate massive new II involvement.
What I am very fearful about is the lack of strategy and discipline that PIs have with SXX that may mean we all get sold a bit short on true potential and the II’s tactics (whatever they may be) will work very well indeed. Basically I think people will get excited and sell far too many shares far too early.
I have the honest held belief that more than one idiot is involved in buying and selling SXX shares. Possibly even several hundred or even thousands of idiots. I think some of us should have been more careful with our sharing of this ‘hot tip’ and ‘get rich quick’ gem because these people / idiots are clearly running out of patience and will not doubt be telling everyone else down the pub how this tanked / fell off a cliff etc. etc. etc. but luckily they got out while they still could.
(The above information should be treated as satire. Any resemblance to real life characters is purely coincidental. )
Usual unnecessary unpleasant SP behaviour from SXX. Watching from afar for a few days has made me realise that there is no way of predicting what the SP will do. The SXX share price is so affected even when there is no news and nearly always moves either directly against the broader market or moving so much further in the direction that the broader market moves.
This means it is utterly unpleasant to be part of. It still doesn’t really move far enough to be a decent trading share yet it manages to be just destructive enough in these moves to thoroughly pee off the majority of people watching.
Plenty of people have said equivalents of “it was never going to be easy”. Why? It is what it is - the same rules and legislation applies to the company information and declarations. This stuff has all been done before. So why can’t it be easy?
All the fundamentals remain. This SP should be stagnant or strong. It should go south if bad news happens. What it shouldn’t be is irritatingly unpleasant for no apparent reason.
I am irritated by a 0.5p drop on 5m trades shares because this is crap. The company and the SP are in different worlds. I can’t imagine this exists to this degree in hardly any other shares. It’s like the SP is the drug addict high maintenance nephew that drags the whole family down and you don’t know what to expect next. He keeps you on edge all the time because he’s just doing his own thing regardless of how much time and effort so many people put in to help him. You so want to say “go away and never bother me again” but you can’t.
to the market manipulators - another stunning days work. 8m shares traded in an utterly controlled manner - slowly but surely prising gold plated shares from the hands of PIs who can afford to take a small percentage loss. Though I suspect the reality is more like this - “well that £2000 in SXX is now only worth £1600 but I’ve made £150 on Glencore so I’m going to cut my losses”. So a 20% loss is all but forgotten in a deal in some mining company that was never researched at all.
By creating a culture of fear this is what I think goes on at the hands of dealers. This is not a nice thing to watch this often - it happens everywhere I’m sure but here we have a share that doesn’t deserve the bad press and negative perception that is being forced.
Just another bleat- ignore me.
Why we have a 0.7p slide which is against the main market position with no news in the world of SXX?
MMs manipulating? PIs getting it wrong? Leaky ship? Brexit?
Whatever it is, it’s certainly very painfully persistent.
“Being patient” doesn’t really cover this anymore.
Losing the will..........
Aaaaaarrrrgggghhh.
its not it’s- my phone thinks it’s clever but it’s not!! Its spelling correction is most annoying and it’s getting on my tits.
Thank you once again Myo for a post that cuts through to the detail. Pontificating on market perception or interpretation of a doom and gloom version of how awful HM government is doesn’t help.
The straight forward explanation of the actual time line and variables that you have provided is very reassuring and I for one get it in it’s true context finally.
This has been said many times by many people but I don’t think I’ve ever said it and I have a very good feeling about it - today will be the last day that you buy SXX shares for under 20p.
Monday is the start of something good.
These are not even similar things let alone the same thing yet we have many people suggesting both these options are what the IPA aspect of the finance plan represents.
Does anyone have a simplified explanation of exactly what HMG are able to offer SXX as a result of the IPA process.
I looked at the government website via the link offered previously by someone (probably Myo) and I thought then that this was a guarantor type situation and I was happy.
Some people are still suggesting there is government funding available which I assume is incorrect but I’m now questioning my sanity and wondering if I’ve missed something.
This is nothing to do with CF or the SXX BoD.
This is shareholders self defeating with the usual panic and jumping ship.
I guess we just have to hold tight and remember the long term. The problem being we are being pushed further and harder every time now and I worry whether there is a breaking point at which all confidence is lost.
I don’t want to sit on a paper loss for a year because of unnecessary damage done in this period.
I know you guys are the wrong crowd to bleat to but I don’t entertain any other forum for SXX. My friends and colleagues who are invested with SXX are holding tight but clearly many aren’t. Collectively we can only try to reach out and stop people throwing money away as they currently are by selling up now.
PLEASE STOP SELLING!!