Legendary Inv. Share Discussion Threads

[professor pettigrew] 25/7/2017 09:09

Three decent buys on the spin.

Either word is getting out across the pond, or it's one individual upping his or her stake.

[professor pettigrew] 25/7/2017 09:03

gbenson1 - I think you've got that spot on.

Will be very interesting to see just what VS are valued at when the IPO comes.

[gbenson1] 25/7/2017 09:01

VS stated they were going to push into the US in the next few months, which means the PR machine will already be in action, just a matter of time till the US wake up to LEG, onwards and upwards, fair value .7p. bid value 1.2p imho

[carefreesid] 25/7/2017 08:23

LOL!

Or the richer one :)

[professor pettigrew] 25/7/2017 08:19

Strange share price action of late. A few bit-part small timers unloading a few hundred thousand, and then bang, someone buys almost 5m in one hit.

Obviously the 5m guy is the brighter one.

[professor pettigrew] 25/7/2017 07:45

Good morning all.

Let's see what today brings, must admit yesterday's action was mildly disappointing, only going to prove how "news-driven" LEG currently is. But the news will come, and the share price will react.

Patience and accumulation is key.

GL to all genuine holders.

[professor pettigrew] 24/7/2017 14:00

Hi Gotto - yes, the usual profit-taking, but it's healthy. We are slowly building a higher base, in front of more news and the eventual IPO for VS.

Far better than spiking upwards then collapsing back down.

What's going on now is healthy and positive.

[gottopickapocketortwo] 24/7/2017 12:54

Re rate in progress

[professor pettigrew] 24/7/2017 09:07

The story that Virtualstock plan an IPO in the USA, was covered by the Wall Street Journal last Wednesday.

Have attached a link as proof, but it's only the headline as it's subscription only online.

But, it does now 100% confirm the news and VS's name will now be known by many more potential LEG investors.

[professor pettigrew] 24/7/2017 07:12

Good morning all.

Looking for the increased interest from last week to carry through today and onwards.

Exciting that plans are afoot for a NASDAQ float next year. Of course Notion will want the value of VS to be the absolute maximum, as will the markets when they set the IPO pricing.

We are in for very interesting and exciting times here over the next 12-18 months, so hold on tight to your shares.

Good luck to all genuine holders.

[fatfish] 22/7/2017 20:13

Sam

Yep i know about stop losses but do exactly as you do. will i ever learn.

[sam the man1] 22/7/2017 13:41

Fatfish

Have a read on using trailing stop losses.

You buy a share @ 12p and once it hits 20p you arrange a stop-loss of say 15p That means no matter what happens after that you will always make 3p profit. When it goes higher, adjust your stop-loss accordingly and you are guaranteed even more profit.

The drawback to this is if the price suddenly spikes down for only an hour or so, you could find all your shares get sold without you knowing. But it is worth consideration.

Of course, I don’t use them because I'm clever, I'm better than everyone else and I'll share my secret with you.

I do exactly what you do and that’s watch them climb from 0.12p all the way up to 0.39p and all the way back down to 0.13p.

If I'd used a stop-loss I'd have made £10k profit on that journey and now have twice the cash I started with 18 month ago. Which would allow me to buy twice as many shares as I hold now at the same price I first bought them at. If that makes sense.

But this share has taught me I've been too greedy so if (or should I say when) these reach 0.30p again I will seriously consider selling enough to get my investment stake back and watch the rest in the full knowledge that whatever happens it will be pure profit 🍉

[carefreesid] 22/7/2017 11:04

If you day trade, do it on indices on tiny spreads.

Anyone that day trades shares is a mug, imo.

[fatfish] 22/7/2017 10:43

day traders easily made £600 buying and selling 2mill shares, wish i had done that throughout my trading over the years instead of watching it go up and down i would be a lot better off.
Doubled up my holding last thursday but don't have much invested as no funds, if it gets to 1p instead of selling i'll probably hold on and watch it go down as usual.
Really must start having a limit and selling regardless, a profit is a profit no matter how small. :-)

[professor pettigrew] 22/7/2017 08:29

When one looks at yesterday's trading pattern, I reckon it's very bullish. It's finally cleared out some impatient sellers, and has shown a healthy two-way trend in trading.

Pity actually that some people day trade stocks like this. The whole point of investing, to me at least, is a slow and steady move upwards as value unfolds.

I think the next 12 months will finally showcase LEG to the wider investing public, with VS obviously to the fore.

Always as well to remember we have other holdings too. Imagine the pressure on the share price if one of those started to come out with positive and bullish news.

I think LEG holders have a lot of positive news to look forward to over the coming months, culminating with the NASDAQ float.

Good luck to all genuine holders who bought and held yesterday. Days like yesterday are only the start.

Off to Cardiff now for the British Speedway Grand Prix.

[professor pettigrew] 22/7/2017 08:25

Good morning targatarga - well it used to when I was in the City.

In fact I knew many MM's and they always held stock on their own books at their own risk.

Maybe the world has moved on somewhat and us old buffers have been left well and truly behind, but for the life of me I can't see any other way. Someone other than shareholders has to hold the stock. In the old days they were called jobbers, as far as I know they are now called MM's.

Happy to be corrected though.

[targatarga] 22/7/2017 06:29

Prof - mm's will not be holding loads of these... the market doesn't work that way... sorry.

[professor pettigrew] 22/7/2017 01:21

No quick bucks to be made here.]

Anyone day trading this is a complete berk.

The only real money to be made is to buy as many LEG shares as one can afford, and HOLD them.

Holding them will result in a number of things. Firstly it will sharply decrease the free float of shares available. Secondly, it will ensure that holders have a vote for every share they hold, and therefore will prevent a possible cheap takeover of LEG, because that is the only way a predator will get hold of almost 7% of VS before the massive news in the US and a float on NASDAQ.

Third, and finally, it will put the spin on the MM's who have had the luxury of some warrant holders selling this down from 0.28p to a low of 0.13p.

The MM's have a massive stock of shares that they bought down to the 0.13p level and now want to sell them. Trouble is, they are trying to do it with a massive an unfair (percentage wise) spread.

So, as we know what is going to happen here eventually, more contracts within retail for VS, "The Edge" to be rolled out within the WHOLE NHS, expansion into the USA, and eventually a float on NASDAQ for VS, there is only one way to beat the MM's at their own game.

Buy as many LEG shares as you can, remembering that if a speculative bid for LEG is forthcoming, every share you hold is a vote against such speculation, HOLD them at least until the float of VS in the USA, and beyond (1p is a first stage target), and spread the word here to as many other investors as possible about just what LEG means, VS means, and how undervalued this stock really is.

Then sit back, having decimated the free float, and see just what the MM's really are up to when heavy demand comes in on each positive RNS.

[gbenson1] 21/7/2017 19:26

Nice to see there was no large late reported sell as in the past few days, but it can still COME up until the opening on Monday, a little disconcerted that a few day traders had their fingers burnt buying high and selling low, still FALASHIO YOUCANT WIN EM ALL!!

[ttreb] 21/7/2017 18:20

so it seems that we have settled at about true value for today.
a decent buy in price i guess.

[fatfish] 21/7/2017 14:05

i think you have a few day traders here today making a quick buck, i expect a level finish today

[mickluv1] 21/7/2017 11:58

Ttreb it would be £4.488M for VS which means you get VS with all of LEGs other assets as a free ride! With the projected growth and potential float in 2018 the sky's the limit GL

[ttreb] 21/7/2017 09:57

with VS now valued at 66m, what value would LEG be?