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. Looks like I'll be waiting this one out! (Although 350 would be mighty tempting to average down). 
^^^I'm not sure what Mr Helpful is really thinking but my assessment is as follows:-
1. Bugger.
2. Should have cashed in a few months back when I was nicely up on my ISA holding and almost back to black on my 'learning exercise' investment last year. I could have chased in and still held a few £100 of profit to see the future but like all was too greedy and am now playing the waiting, and hoping it doesn't all turn to rat s
t in the meantime, game.
3. My best guess on this is that the share price for a cheap alternative to heavy oil is very dependant on the price of oil.
That said it is a disappointment that it has suffered so badly given the potential of the product.
Of interest to me though is why is it that PZ Cussons have had such a kicking.
1. Bugger.
2. Should have cashed in a few months back when I was nicely up on my ISA holding and almost back to black on my 'learning exercise' investment last year. I could have chased in and still held a few £100 of profit to see the future but like all was too greedy and am now playing the waiting, and hoping it doesn't all turn to rat s
t in the meantime, game.3. My best guess on this is that the share price for a cheap alternative to heavy oil is very dependant on the price of oil.
That said it is a disappointment that it has suffered so badly given the potential of the product.
Of interest to me though is why is it that PZ Cussons have had such a kicking.
Knife catching can work in long term uptrends, has been a buy the dip market for ages so I guess the pattern is to buy the dip, on one of these occasions that won't work but don't think this dip will be it.
Similar to the dip in October, guess we'll find out if in 2 weeks were sitting on new highs.
Similar to the dip in October, guess we'll find out if in 2 weeks were sitting on new highs.
Rude-boy said:
I'm not sure what Mr Helpful is really thinking but my assessment is as follows:-
1. Bugger.
2. Should have cashed in a few months back when I was nicely up on my ISA holding and almost back to black on my 'learning exercise' investment last year. I could have chased in and still held a few £100 of profit to see the future but like all was too greedy and am now playing the waiting, and hoping it doesn't all turn to rat st in the meantime, game.
3. My best guess on this is that the share price for a cheap alternative to heavy oil is very dependant on the price of oil.
That said it is a disappointment that it has suffered so badly given the potential of the product.
Of interest to me though is why is it that PZ Cussons have had such a kicking.
Agreed. The obvious thought is that the price of oil based business' will not be doing so well at the moment, but it seemed a huge dip considering we've known about the price of oil sliding for weeks/months. 1. Bugger.
2. Should have cashed in a few months back when I was nicely up on my ISA holding and almost back to black on my 'learning exercise' investment last year. I could have chased in and still held a few £100 of profit to see the future but like all was too greedy and am now playing the waiting, and hoping it doesn't all turn to rat s
t in the meantime, game.3. My best guess on this is that the share price for a cheap alternative to heavy oil is very dependant on the price of oil.
That said it is a disappointment that it has suffered so badly given the potential of the product.
Of interest to me though is why is it that PZ Cussons have had such a kicking.
The market will of course move on new news long before us lowly armchair investors hear about it, but again, this one seems like a big 'change'.
twinturboz said:
Knife catching can work in long term uptrends, has been a buy the dip market for ages so I guess the pattern is to buy the dip, on one of these occasions that won't work but don't think this dip will be it.
Similar to the dip in October, guess we'll find out if in 2 weeks were sitting on new highs.
How long term is 'long term'? Historically the indices have trended upwards over the decades. The credit crunch / recession stuff could be considered a dip if you look at the overall graph. It just depends on your definition of 'long term' and the magnitude of a 'dip'.Similar to the dip in October, guess we'll find out if in 2 weeks were sitting on new highs.
g4ry13 said:
How long term is 'long term'? Historically the indices have trended upwards over the decades. The credit crunch / recession stuff could be considered a dip if you look at the overall graph. It just depends on your definition of 'long term' and the magnitude of a 'dip'.
Yeah a valid point but if you take the historical trends in terms of bull and bear markets. The last bear market being the credit crunch June 08 to March 2009, since then were in a bull market. So in the example I was making I'd be buying the dip as long as we don't break the long term trend from then, more specifically in terms of the US markets as that's what I predominately trade, I'd be cautiously buying this dip as long as we don't break 1960 on the SnP, at which point I'll take my stops and reassess.
October was a 10% correction if you take the technical definitions then 5% is a dip, 10% a correction and 20% a bear market.
As you know knife catching can be dangerous game to play but you wouldn't want to be buying on the way down during a bear market because that really could wipe you out, I get the point your making but I'd consider more than a 10% move down as further than a dip and at which point there's no way I'd be trying to catch the knife then.
twinturboz said:
Yeah a valid point but if you take the historical trends in terms of bull and bear markets. The last bear market being the credit crunch June 08 to March 2009, since then were in a bull market.
So in the example I was making I'd be buying the dip as long as we don't break the long term trend from then, more specifically in terms of the US markets as that's what I predominately trade, I'd be cautiously buying this dip as long as we don't break 1960 on the SnP, at which point I'll take my stops and reassess.
October was a 10% correction if you take the technical definitions then 5% is a dip, 10% a correction and 20% a bear market.
As you know knife catching can be dangerous game to play but you wouldn't want to be buying on the way down during a bear market because that really could wipe you out, I get the point your making but I'd consider more than a 10% move down as further than a dip and at which point there's no way I'd be trying to catch the knife then.
You know what they say about bottom pickers So in the example I was making I'd be buying the dip as long as we don't break the long term trend from then, more specifically in terms of the US markets as that's what I predominately trade, I'd be cautiously buying this dip as long as we don't break 1960 on the SnP, at which point I'll take my stops and reassess.
October was a 10% correction if you take the technical definitions then 5% is a dip, 10% a correction and 20% a bear market.
As you know knife catching can be dangerous game to play but you wouldn't want to be buying on the way down during a bear market because that really could wipe you out, I get the point your making but I'd consider more than a 10% move down as further than a dip and at which point there's no way I'd be trying to catch the knife then.
dirty fingers....twinturboz said:
Pull up a 2 week chart of the SnP 500. Mind having dirty fingers now 
.
Actually been a pretty crazy week 700 point move in 2 days. Dumped most of the dip buying yesterday maybe a few tiny shorts today.
Yeah very low liquidity the past few days - reminded me a little of the Oct s.Actually been a pretty crazy week 700 point move in 2 days. Dumped most of the dip buying yesterday maybe a few tiny shorts today.
t out. Hope you made a bit! well I've made a bit of an ar5e of this one.
QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
Skyedriver said:
well I've made a bit of an ar5e of this one.
QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
I still hold a pretty hefty volume (for me). Bought in at 10p originally so am still up on my investment, but it is soul destroying watching it fall off its perch from 40p+. However, I am like you in that I truly believe this product could a) make changes in shipping and b) make lots and lots of money at the same time, so it's a head v heart moment. QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
I'm sticking with my head though, so will be staying there and, hopefully, watching it climb back up throughout 2015 when production starts.
Jonboy_t said:
Skyedriver said:
well I've made a bit of an ar5e of this one.
QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
I still hold a pretty hefty volume (for me). Bought in at 10p originally so am still up on my investment, but it is soul destroying watching it fall off its perch from 40p+. However, I am like you in that I truly believe this product could a) make changes in shipping and b) make lots and lots of money at the same time, so it's a head v heart moment. QFI - kept thinking it'll recover, it'll recover, but with the current oil prices it just keeps dropping.
I still have faith in the product, and I don't need the cash at the moment but I'm on a bit of a serious loss and it looks like getting even worse before it ever gets better.
In the words of the Clash - Should I stay or should I go?
You haven't ACTUALLY lost anything until you cash it in but the paper loss is killing me.
I'm sticking with my head though, so will be staying there and, hopefully, watching it climb back up throughout 2015 when production starts.
Slight delays to the programme coupled with a bit of an oil price shock has really not helped - oil price shouldn't really effect this share but everyone's nervous!
Best to look at the current price as a buying opportunity - average down if you can. H2 2015 should produce some results in the share price.
In the meantime - look at REM - various reports pricing it at 2-3 times current price!
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