It's a pleasure. I don't feel comfortable buying on pull backs ever, it is psychologically painful. I try to catch short term dips that look like they have halted a bit and spread it over several trades to average my price, that way you get a pretty decent price imo
Hi Richard, you write such common sense. So refreshing and an antidote to the get rich quick approach, which 99% of the time results in so called investors losing their money in short order.
Good luck with On the Beach, I have retained my holding in JET2 as my view is that Mr Market has overreacted. In my opinion Jet2 has excellent management and continues to trade on undeservingly cheap metrics.
I also hold OCI and have done so for a few years, the directors, especially Peter Dubens, the founder, have been frequent buyers of the shares. Latest reported NAV of 695p versus a current price of 470p.
I use Sharescope for charting. It give everything from intraday up 25 years or more, moving aves, RSI volumes even Weis Wave which I find very helpful.
It is more expensive than the Stocko product but I'd say it gives more as far as data goes and ability to personalise charting.
I think if I wasn't using Sharescope I'd likely use Tradingview perhaps, which seems very decent:
ANP - a lot of the shares have been bought over the past few years. I'm sure a few are likely to be rewards too but not overly so compared to many co's imo.
ANP and WYN are up of late from very low positions. NWF is similar. However I am still reluctant to follow, given uncertainties in the agricultural sector. The new grant system to replace EU subsidies is still to be finalised, and for many farmers this is the bulk of their income.
Great point about buying and holding. I opened an ISA five years ago and forgot about it having changed providers. It was a surprise to note the progress of Cranswick, 3i and Cairn Homes over that period. I note that Ramin Nakisa from PensionCraft only checks his portfolio once a month.
You mention Anpario ( I hold ) and specifically the holdings of the CEO and CFO. I would be interested to know if they paid for those shares personally or were just given them ? Maybe it doesn't make much difference in that they are incentivised to maximise the value of those shares. On the other hand, if they weren't acquired with their own money, they have nothing personal at risk if it all goes wrong.
Thanks Richard. Buying on pull-backs is the traders’s way but it is anti-intuitive and few have the stomach for the volatility. That’s what distinguishes you from 99% of traders. Thanks as always for the always intriguing posts.
Hi Anpario is a good company, sadly in my view has brought into the climate change mantra and is now selling products to reduce methane emitted from cows. I personally think cows farting methane is natural and certainly not a threat to the planet. Moving towards bio changers is a slippery slope, what next transgender cows!
Hi Richard. Thank you for these updates. I look forward to them every week - really useful and interesting. Can I ask … what charting software do you use? I subscribe to Stockopedia which has pretty good charts but it has limitations. I recently read Stan Weinstein’s book on Stage Analysis and he recommends Mansfield charts that show daily/weekly/monthly price vs moving average, volume and relative strength. Any recommendations? Thanks again, Andrew
Thank you John.
I have my own mantra - if you want to get rich quick, try getting rich slowly and safely.
I remind youngsters of that when they are punting cryptos and over-excited on the rallies and piling in.
It's a pleasure. I don't feel comfortable buying on pull backs ever, it is psychologically painful. I try to catch short term dips that look like they have halted a bit and spread it over several trades to average my price, that way you get a pretty decent price imo
Hi Richard, you write such common sense. So refreshing and an antidote to the get rich quick approach, which 99% of the time results in so called investors losing their money in short order.
Good luck with On the Beach, I have retained my holding in JET2 as my view is that Mr Market has overreacted. In my opinion Jet2 has excellent management and continues to trade on undeservingly cheap metrics.
I also hold OCI and have done so for a few years, the directors, especially Peter Dubens, the founder, have been frequent buyers of the shares. Latest reported NAV of 695p versus a current price of 470p.
All he best
yes, one of the things I least liked.
I think with it being a natural product it may compete well with Bovaer which Arla are using though. I think I'm happier living with something natural
Hi Andrew.
I use Sharescope for charting. It give everything from intraday up 25 years or more, moving aves, RSI volumes even Weis Wave which I find very helpful.
It is more expensive than the Stocko product but I'd say it gives more as far as data goes and ability to personalise charting.
I think if I wasn't using Sharescope I'd likely use Tradingview perhaps, which seems very decent:
https://www.tradingview.com/
It has various pricing packages.
I use Stock for the stock data, PE, Yield etc which seems better than Sharescope in my opinion
Hope that is some help
Richard
That’s great, thank you - I’ll check out both.
thank you
ANP - a lot of the shares have been bought over the past few years. I'm sure a few are likely to be rewards too but not overly so compared to many co's imo.
Cheers
ANP and WYN are up of late from very low positions. NWF is similar. However I am still reluctant to follow, given uncertainties in the agricultural sector. The new grant system to replace EU subsidies is still to be finalised, and for many farmers this is the bulk of their income.
I really enjoyed reading this, your best post for a while. Full of energy and enthusiasm and no downbeat politics. 😁
Great point about buying and holding. I opened an ISA five years ago and forgot about it having changed providers. It was a surprise to note the progress of Cranswick, 3i and Cairn Homes over that period. I note that Ramin Nakisa from PensionCraft only checks his portfolio once a month.
Hi Cockney, great stuff and wise words as ever.
You mention Anpario ( I hold ) and specifically the holdings of the CEO and CFO. I would be interested to know if they paid for those shares personally or were just given them ? Maybe it doesn't make much difference in that they are incentivised to maximise the value of those shares. On the other hand, if they weren't acquired with their own money, they have nothing personal at risk if it all goes wrong.
Would be interested in your thoughts.
Thanks Richard. Buying on pull-backs is the traders’s way but it is anti-intuitive and few have the stomach for the volatility. That’s what distinguishes you from 99% of traders. Thanks as always for the always intriguing posts.
Anpario also mentioned by John Lee as one of his long term successes.
Hi Anpario is a good company, sadly in my view has brought into the climate change mantra and is now selling products to reduce methane emitted from cows. I personally think cows farting methane is natural and certainly not a threat to the planet. Moving towards bio changers is a slippery slope, what next transgender cows!
Hi Richard. Thank you for these updates. I look forward to them every week - really useful and interesting. Can I ask … what charting software do you use? I subscribe to Stockopedia which has pretty good charts but it has limitations. I recently read Stan Weinstein’s book on Stage Analysis and he recommends Mansfield charts that show daily/weekly/monthly price vs moving average, volume and relative strength. Any recommendations? Thanks again, Andrew