Member Info for WingingItSince92

Secretly - I am back in and probably more glad to be honest. I know if this jumps I’ll make a few Bob but will also throw the kitchen sink at it if it drops to 200p! (Which I hope it does!)

Absolutely Sir.

As someone who’s lowest buy was at 113p - my reasons for buying NEX haven’t changed. I’ve sold and bought it several times - we are in the May - Oct phase, historically, a tough time for markets with the D++++ or whatever it is called now also spreading, however, not causing many deaths - inflation worries, vaccine success - too many factors for me. That said, any big dip in shares such as NEX and I’m buying. Much safer than airline stocks, and domestically things are accelerating pretty quickly. If the SP dips to ~200p i won’t be panicked (granted, my position at 266p is small - medium) because I’ll see it as another opp to buy a decent share at a very cheap price! As Mr Buffett says, buy a $1 for 50cents -!

Falkland you’ve been through enough with this SP! I’m sure nothing will break your bond :))).

I dipped back in at 266p. Sub 200p does not worry me, will plough in!

Think you found the reason Jstar!

Just came on to post the same thing -

“Property companies are also lower after the government extended a ban on evicting businesses unable to pay their rent due to the pandemic. The ban was due to expire at the end of this month but will be extended until March next year.”

Wonder where this takes us then. Perhaps some consolidation in the mid 80’s before stabilising?… interesting stock this one. Can’t figure it out!

With domestic life *almost* back to “normal” I’m struggling to see why there hasn’t been a substantive rise here. I’ve been in and out of this share from 70p - 102p.

Currently back in at 98p with 1/3 of original holding, in case need to average down - not really concerned, just more curious tbh.

No obvious reason for the SP back in the 80’s when it seems it’ll be business as usual soon enough!

I must admit, I didn’t expect shorts to close their positions in such massive chunks. It can only be a good sign. Either that, or shorting BTC seems far more appealing! (Can you short crypto’s?)

I had a look earlier and short interest has essentially halved in the past few weeks. Those boys must think we are touching the bottom. Wouldn’t move their foot off PFC’s neck otherwise!

Heyyy. Third times a charm.

It’s a shame how many snarky comments I got for selling up here in the 120’s (again). People don’t realise how big and wide the stock market game is.

Opened my first position, only 10% of original for now. Will add more if it continues slipping and build up to a 50% position by 98p!

GLA!

Been in here for a while. Can’t remember the last time we were up +5%!!! The board need a good ol’ *******ing to get their cr*p in order!

Pokerchips pleasure as always bud. I’ll see you on the next board! Or maybe even back on this one in the next few days! (though, for your sake, I hope that isn’t the case haha!)

This time next year we’ll be millionaires ....

:-)

Visual thinker thank you for your comment. I guess I’m just not as pro as you.

Only made over a +20% profit TWICE within a few weeks of one another on PFC - a share I wouldn’t usually invest in, but saw value at the time. My portfolio is quite diverse and I prefer quick trades on certain shares.

No need for the snarky comments mate. Everyone has their own strategy ...grow up a little.

Boys & girls - it’s been a pleasure. 120.4p was my trigger, see you on the next board! Or maybe on another dip (third times a charm haha!).

GLA :).

A profit is a profit matey. Don’t be too hard on yourself.

I’m quite upset.

I invested a boat load at 98p and then I was promised 78p from these chaps.

Because of them, I’ll only be able to afford a 3 bed Malibu house now as opposed to my preferred 4 bed (will have to sacrifice my China doll room).

Very upset. Will be filling a complaint to the SFO. See you in court.

Shouldnt be a surprise with the price action. It was the *most likely* outcome given the facts.

Great that it worked out and I’m still holding onto my shares for the time being. Will reassess as the SP climbs further. Shorts opening in the low 90’s was madness to me if I’m honest. More of a gamble on bad news I think

SBB’s are excellent. And markets love them. Look at all the US bank SP’s once buybacks were once again allowed ....BAC went from ~$25 to nearly ~$40 now. It is a huge deal.

Boom

Haha Paddy - think we replied on the same minute. We’ve been on many boards together and it’s starting to show!! :D

I think short-tracker is a great tool. But should only be used as a reference. Hammerson was the most shorted stock only recently, and it suddenly went up 3 fold in a matter of days!
CINE was another top 5 shorted stock and at one point (05/10 - I remember because I *nearly* bought it) the SP crashed to 15p (still shorted) it is now around the ~100p mark (roughly).

Point being - big boys who are shorting are playing a totally game to what we are playing. Yes, any heavily shorted stock should be investigated before jumping in, but nothing is a certainty just *because* it is shorted.

Many stocks are not shorted heavily and keep dropping / vice versa.

Personally, IF it drops into the 80’s - I’ll be topping up again and bringing my av to the low 90’s.

The Suez saga could prove the catalyst if it continues into next month!

Jheeeez. Some people are getting too worked up. Take care of yourself peeps.

I’m chilling at ~97p. If I’m honest, I was going to make a third top up this morning if there was a decent enough drop (was hoping for one) but it never materialised. Then by the time I decided to buy RR it had also shot up (who the f*ck knows why when aviation has the governments crosshairs on it for some reason!) - anyway. Happy with the rise too, of course.

I was going to double my holding at 91p - I do think the drop from 130’s was over cooked (by A LOT) and I think any sniff of good news on the SFO front will send us back up in no time.

If you want a cry, I had a quote for Amigo when it was in the 9p’s this week (look at it now) and I chickened out haha.

Sorry JTT - in response to my question last night (asking for your TA/FA analysis), you’ve simply replied “well, I said 78p because I think that’s a good price” - I’m not arguing with you but it is laughable to provide a “buy” opinion at 78p but with nothing backing it up. A minority here are screaming “60’s, 70’s” - OK - but based on what? And why “buy” at 78p? Do you believe in the fundamentals then and you’re simply waiting for the right buy in price? Where do you see it going after 60’s/70’s?

No one will take you chaps seriously if you just scream random numbers. Quite frankly, I’d be a bit embarrassed doing that.

I’ve made my position clear over the past couple of months (bought in av 110p - sold out 125p, and just rebought 50% now of original holding ~97p).

I don’t know where the SP is going. Bluntly put, I don’t think anyone does.

However, this company operates in somewhat of a niche throughout the ME. They are still making millions of £££ and they have not had any of their contracts / projects cancelled. They have infrastructure and employ thousands of people. Since 2017 the charts have shown a gradual crash in the SP after the initial knee jerk drop.

The case docs are now open to the public, and the SFO have made (most) of their position clear.

A curve ball can always be thrown out there, and so there is some risk - however, to me, there is a clear upside here and why I’m in. (I’ve tried to compress my thoughts as much as possible.)