Member Info for xbb2008

Well. Another outstanding exemplar of my ability to time the market.........4p down on this morning's purchase already. Got to laugh else I'd cry!

Ha! Yes, that was badly written prose on my part. I was referring to my average cost being a lot lower. Not the share price itself hopefully!

Trade went through at 158p. Average down to 230p now. Hopefully not too long until I at least breakeven....

Well. I’ve woken up with a spring in my step and some cash to spend this morning. Have topped up with another £10k. I’d gotten my average down to 269p a few weeks ago (yes I’m a very LTH from the 400p era!). It should be a lot lower once this trade gets executed.

I've had similar experiences Goldfinger. Got into investing relatively late and went too hard on individual shares such as Nanoco, ITM, MSTR, ASLI, Blue Jay (now 80 Mile). Five figure-plus losses on all of them before I pivoted to trackers and have fortunately made enough on those to offset the losses. I've given up on Nanoco earlier this year having got in in 2014 and finally sold them all. Only by chance that I didn't get rid of all my ITM at that point too. Glad I kept them and in fact bought a fair amount more at 130p last week to bring my average down to 269p. Hopefully will breakeven on them at some point in coming weeks!

My breakeven suddenly looks achievable😁 just wish I’d bought some more earlier in the week now.

I’d already averaged down a fair bit from first buying in above £4 when they had that big spike several years ago. I’m the stereotypical sit on the fence investor, too stubborn to sell anything at a loss and too scared to buy in further in case it falls even more. What I should’ve done is averaged down a bit more in the last year. As you say hindsight wonderful. As things currently stand I’m sat on around a £30k paper loss which is very significant for me. So I’ll just continue to procrastinate and hope at some point in future I’ll at least mitigate those losses. They’re all sat in my ISA too so I can’t even use them to offset capital gains outside the ISA :-(

Well well well. Perhaps there is some hope for getting back to my breakeven of 328p…… I’d long since written this one off!

ah thanks for the clarification - i also thought the thread title meant it was Burford. Regardless, my burford shares have been doing quite well recently (although still not quite back at breakeven following the muddy waters attack). I seem to spend most my time these days waiting for my dogs to get back to breakeven - and yes I know that is the classic investor 101 mistake to make.

My only silver lining today is going to be that Burford is another long term holding of mine that I'm patiently waiting to recover from the muddy waters attack a few years ago!

I'm similar Intrusive. Whilst i have a fair wad invested here, it's not enough to worry me if it fell to nil. Happy to just sit tight and see what happens. Yes it's somewhat upsetting to see what my stake was worth at 810am last Friday and what it's worth now. But i'd mentally written this investment off back when the price was around 8p so I can't get too agitated by the recent machinations.

122k shares at average cost of 37p for me. Been in since 2014 - yes, I'm one of those LTHs that was paying over £1 per share at the beginning of this long and winding road!

Holy maloney. Haven’t been on the board for a while. Thought II had made a mistake when I just logged on. I was rather significantly too concentrated in this share but happy days today!

....death, taxes and Nanoco trackbacks for LTHs :-)

Definitely wishing i'd sold ITM at £5! As others have said, hindsight is a wonderful thing. And yes, was definitely greedy thinking it could go higher. Hopefully not falling into the same trap by not selling my Nano holding today...

Was just reflecting that my two most significant single-stock holdings are Nano and ITM Power. About a year ago, massive paper profits on ITM were offsetting my steep LTH Nano losses. Today, situation completely reversed. Funny old world. Can't decide whether this is excellent 2-stock diversification or just extremely crappy stock-picking in recent years. Most likely the latter.

HI all. Anyone else on interactive investor and getting nonsense portfolio readings this morning?

It's the one bright spot in a sea of red on my portfolio screen today!

Sadly, can't use my pension as it's a DC scheme with my company and they just invest in the Vanguard Lifestrategy funds. Plus i'm only allowed to put in 4k a year anyway which the company does, so i just let it run in the background. Of my ISA/Trading accounts, as at today's price Nanoco now represents 16%, which is frankly ridiculously high but is a function of the recent price rise and the fact i've ploughed so much in since December 2014.

For the holding outside of my ISA wrapper, if we win big i will sell down in tranches over next few years within the annual £12k'ish allowance, whilst keeping my fingers crossed that the share price doesn't subsequently tank again! That said, I do have a couple of other stinkers in that account which i may finally just give up on and utilise the losses against any Nanoco profits.