Wow, that is brave. I stuck to my principles and sold most of my holding above 300p and will only buy back in if it come back above and holds. I think with the Russia situation buying in now is massively risky and could see this continuing to decline for a few more months yet. Just kicking myself I didn't set a more definitive and tighter stop on this on the way up |
Just trying to keep this thread at the top of the board, as it's more useful than the other one without header info... |
I have topped up today for the long-term. Bought originally at 73p, so its been a good trust for me. Fidelity are an excellent manager. Its run in the style of Anthony Bolton so should continue to do really well long-term. It may well go down further in the short-term. |
Seriously depressing price action, with 300p lost I wonder if we continue down to wipe out all gains since the pandemic started. No sign of a turnaround here whatsoever! And if putin invades hold onto your hats |
New 52 week low |
No, just the opposite actually but haven't pressed the button yet. |
Getting close to my exit price again. Would be a shame to cut and run but markets are looking dicey and in a full blown panic assume this could still go much much lower. Anyone else thinking of exiting and preserving capital here? |
I think it depends on how long you have planned to be invested for. I was taken by surprise by the accelerated decline and watching my profit drop from over 100% hurt. I am going to continue to add and wait it out. |
Good find thank you!I have to admit getting quite depressed watching the slow slow decline month on month and bitterly regret not selling at 500p like a lot of people clearly did.In my mind if it goes below 300 tempted to dump and preserve still decent profits but you just know at some point it will turn around.What is everyone else doing here? |
Nice little bounce in recent weeks. I almost gave in and exited at 300p so glad I held on. Long way to go to get back to anywhere near the highs though :( |
I am sure that Fidelity Ned Johnson would be horrified to see Fidelity still investing in China with all its issues!! FCSS should close as China is not helping the environment, shame on you. China can and must change an help reverse climate issues. HK is out of control as China moves in. FCSS will fall to low levels as China issues remain. FCSS 200p or less soon what a shame!! |
FCSS face more headwinds not looking good. 250p will be tested and then 200p as shorters ramp. Too Risky like RIO… |
Or rocket... it's in the price; Or much better than that, it's a buying opportunity precisely due to all the FUD. |
FCSS very Risky as HK is an issue. China losing main stream investors Get Out due to Risky rules and constraints. Miners also falling as property demand crashes. FCSS 250p to be tested some say 200p. FCSS has no future for many investors. Save your hard earned money as headwinds for FCSS slow progress with 250p to be tested see charts…Dont take Risks… |
Thermal coal on Zhenghou commodity exchange
jumped 10% yesterday, |
expected it to open higher today after chinese indices shot up ! |
just trust the chart really and has good support at the 250 level . Chinese indices are the key of course and not sure they have bottomed yet . Will be interesting to see
the NAV after 7am today . |
Also, 4/4 times we have been this low on the RSI in the last year there has been a bounce of 10% plus or the start of a run. Here we are again and technically it looks well oversold. Another reason why I can’t bring myself to eject right now. |
I am really tempted to get out and protect what profits I have left - but history suggests this means I should do the opposite and top up. And yet I was going to get out above 400 and here we are potentially going under 300. The manager gave a really bullish interview in July and yet it feels like we are underperforming the benchmark with some brutal down days - makes me question the manager’s positioning here? The flexibility he has to use hedging strategies and use leverage suggests he has been badly caught out and got this wrong. The fund should have been able to limit the downside yet is falling more than the index.
Is it too late to get out? |
Watching is what I'm doing, David, but keeping hands well off the buy button for the time being....... |
Who cares about the discount percentage to NAV when the share price is in a long term downtrend.
300p is about to be breached and who knows where the bottom is?
I posted on here when the share price was 420p. Wish I’d sold the whole lot!
Now it’s a classic case of do you sell and risk selling out at the bottom.
But this could also continue south and for those holding you could lose the entire covid 2020/2021 rise at this rate.
So what are people doing? Holding, dumping or buying more?? |
FCSS used to trade around the 10% discount level before the pandemic. I expect the discount to increase to at least that level in the next couple of months. I might consider buying when the discount reaches 10% but I would prefer 15% to create a margin of safety. I expect 300p to be reached before that happens. |
FCSS next LOW level 250 with a 200 target. RSI on the side of SELL …. . |
need a CFD or spreadbet account to short anyway unless you are a very big player |
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