sfbrains
18 Jul 2016
Re: psmith question Did you not mention them in a post maybe it was another board and someone else but it was mentioned somewhere and I retorted they had never made a profit and seemed the most likly candidate to go under if wholesale prices increased.Always news in some form or other ,it doesn't have to be company specific but may indeed be market related as you TW post in early June I think " Nothing to worry about in the next 12 months " industry inside information and deep research ;-(
psmith64
18 Jul 2016
Re: psmith question Jack.......all started by SFB posting incorrect investment information regarding Flow Energy.Happy to just keep on topic if the likes of SFB don't keep going off topic.There won't be that much to talk about here until we get the interims or any other news in the meantime from TEP.
sfbrains
18 Jul 2016
Re: doom vs opportunity Lol now this was a tip psmith notice it had a buy date and a sell time frame and all those that indulged bagged the divi too! Twice it hit £10.50 since divi day happy full moonmy post pre divi day"Prolly a good idea to buy back in today curently £1007 ( less the 24p divi you'll recieve in a couple of months ) regardless if you off load them after next week sure to recover the divi drop to for a double whammy before the next full moon"
Jack_Walsh
15 Jul 2016
Re: psmith question Smith.Now what did we say about self aggrandising posts?Let's not go there again.
psmith64
15 Jul 2016
Re: psmith question ????? Never posted on that board or invested there which a look through my trading history would prove.Regarding your other post.....I have shared plenty of good buy recs way ahead of time....Next, Just Eat and Berkeley Group being a few of them where my history goes back many years.Of course my posts here back in September could have saved much heartache....especially as I invited people to research TW and Persimmon at bargain prices.As you know I shared my dumping of TW and Persimmon back in April based on my own knowledge of construction.I always try to share with the best of intentions and like the pro's I can't get it right always but on the whole as can be proven with my own trading account I get more right than wrong over time.
sfbrains
15 Jul 2016
psmith question How come all your flow energy posts have been erased
sfbrains
15 Jul 2016
Re: doom vs opportunity........phew psmi... Psmith What's the point of a discussion board if you keep potentially profitable points of view to yourself until it's too late , think about it this wayits important on this board because it takes relativly few shares to move the price up or down here if I make a "bet" one way or another and there are a few people who respect my opinion some may have a little flutter and add to the trend this would benefit all the like minded in the group . The pay off is not self gratification but cold hard cash which is way better than patting your self on the back ! Over time if you are sucsessfull it only adds to your own cause thats where the real deal is
psmith64
15 Jul 2016
Re: doom vs opportunity........phew psmi... When I got five minutes spare SFB....I will post my tactical contract notes.....purchases of National Grid ahead of the vote as I had a suspicion that there could be a brexit.....sold off with a circa 10 - 13% profit post Brexit.In and out of Taylor Wimpey with a range of 10 - 20% profit in the immediate aftermath along with Lloyds TSB....a quick 10% too.It is the benefit of cash having had the foresight to liquidate some months ago through not being greedy.I would have thought by now you know I don't tell porkies on here and always have concrete proof via my contract notes.I have been doing it long enough now to know paper profit is just vanity and cash in the bank is the real deal.The days of the long hold are gone for me now....it is all about cash and being able to take advantage of short term opportunity now I am nearing retirement.....well apart from my small high risk portfolio which may or may not return large returns into my retirement.....you got to still have some excitement at my age of 52.Anyway SFB......keep your head down there is going to be some great opportunity over the coming months......tempted to take some shorts on the housebuilders as that is now a car crash waiting to happen.....fill your boots.
sfbrains
14 Jul 2016
Re: doom vs opportunity........phew psmith Really funny post psmith, just reread all your posts since brexit 100% indicate im all out ,I'm waiting a couple of months to see not a single buy rec and Lo and behold you got in and out with a great profit without sharing once , your hindsight postings are about as useful as a CHOCOLATE FIREGUARD I think is the turn of phrase which is socially acceptable enough to get published obviously if we were down the pub there are plenty of others that sprang to mind first!
sfbrains
14 Jul 2016
Re: doom vs opportunity........phew SFB re cash is king as per start of the thread , I advised to look at the scenario that no on is out whatever they do unless they are potless and homeless look at forex call your local amex and order discreet amounts of whatever currenciies you see fit and turn it into matress padding or buy a nice painting for the dinning room and enjoy it for a few years
psmith64
14 Jul 2016
Re: doom vs opportunity........phew SFB Good luck Oceanfree....I am personally happy to be sitting on cash that is worth substantially more than it was a few years back thanks mostly to the housebuilders and retailers like Next.......I was out of my major holdings months ago.I even managed to make a quick in and out profit on TW the last couple of weeks so your philosophy about cash is not quite right.....at times it is very useful in volatile markets.I also gave my eye on direct property investment again as I did in the last crash which is now paying hansome yeilds in excess of 10% on the rental income.Cash is King in my mind.....it gives you much more opportunity in times like this.....and having banked profits gives me the opportunity to speculate on the likes of MIRA and ITM Power.....not major amounts but have the potential to turn into them if you are not adverse to a little risk.Housebuilders, Banks and Retail could be at bargain basement prices in the next 12 months.....I am in no great hurry to pile back in at the moment having had a very run the last few years which included a rather hansome profit here then rolled into an even more hansome profit at Taylor Wimpey.Yes.....we get things wrong at times but thankfully my major investments came up trumps the last few years including many special dividends.I really don't know what the next 12 months holds and being within 35 months of drawing my SIPP I need to be a little cautious now.
oceanfree
14 Jul 2016
Re: doom vs opportunity........phew SFB "my money parked in Just Eat the last two years way out performed TEP" - Yes and a some of your other recs way underperformed TEP over selective periods - TW, Next, Mira, the other energy company, that pioneering hydrogen energy company, etc Shows the folly of accepting tips from strangers! And shows the bigger folly in giving tips."Cash is king" Not if its £ cash it isn't at the moment. A part share in a portfolio of high return on capital businesses will outperform cash over the longer term and certainly has over the last month! Cant really understand anyone who measures and holds their wealth in a depreciating asset."you are right there has been profit to be had here if you timed it just right at certain times " - but there are lots of studies that prove that the average person cannot time it right and is stupid to try. Psmith - " Best not be greedy in times like now" Warren Buffett - "Be greedy when others are fearful" I know who has the better track record. If markets are vaguely rational most of the time, it's time like this when they aren't. Did property companies really become worth 30/40pct less instantly because we might be less connected to Europe in a few years time?I am a buy and hold investor. And have bought more in the last few weeks of things others were hysterically dumping. That should work out better than cash which will be worth less in times to come.
oceanfree
14 Jul 2016
Re: doom vs opportunity........phew SFB Psmith "I just wish TEP were a little more competitive in the energy market right now as this could have been a safe bet to park some cash based on the current yield."If TEP was more competitive it wouldn't be making the current yield would it ! Presumably there is a marketing team at TEP that set the pricing to optimise yield for the owners of the business (yes bearing in mind customer retention etc) - and those people know a lot more about pricing tariffs than you do.I can't believe you are even considering investing in TEP after 2000 posts rubbishing the company. "Just added another 10% to my cash reserves" - Yes you must be pleased with that decision - as the global purchasing power of £ cash has dropped at least 10pct in the last 2 weeks. Measure your wealth in anything else - $, crude oil, food, agricultural land, commodities - and you just got (or will get when it filters through price adjustments) a lot poorer.
psmith64
14 Jul 2016
Re: doom vs opportunity........phew SFB SFB......my money parked in Just Eat the last two years way out performed TEP.It was one of the share recs I put on here circa 300p at the time when TEP was heading southwards.Anyway.....took the money and ran on Just Eat this week....cash is king and I may have jumped too quick but I am not moaning at close to 100% there while in the same time TEP went slightly southwards.Yes.....you are right there has been profit to be had here if you timed it just right at certain times...but that aside on the whole there will be more losers than winners here.Anyway......not intending to invest much this next 6 months a change to just watch as I believe there is a lot of downside to come yet.Best not be greedy in times like now..........I am sure the last few years we have all made some good profits in the wider market....its been a bit of a beanfeast hasn't it.
chas11
13 Jul 2016
PHEW SFB! : A very succinct reply to Psmith his dream company would be like Euphony-one of our original competitors-I have just been reminded they went into liquidation in 2009!
