Melrose Industries Share Discussion Threads

[meanwhile] 19/11/2018 10:41

Yes, each time you do it, just tell us all about it.

[yertiz] 19/11/2018 10:38

See, you’re getting the hang of it......what could be simpler, apart from you?

[meanwhile] 19/11/2018 09:50

good morning, yertiz.
I think you've come up with a wonderful way of making money, in your MRO sell at 200p buy back at 150p. Just repeat this process.
They are now 173p, sell now and buy back when they fall to 130p. Sell those when they recover to 150p and then buy back when they fall to 110p.
You just keep making money.

[brexitplus] 19/11/2018 09:29

Getting

I’m certainly underweight with negative yielding bonds.

The LCM website shows that they certainly publish much more about their investments than Burford, which I like. I’ll see what happens when they float.

[gettingrichslow] 19/11/2018 09:14

B+, I think I'm already 'overweight' in the litigation finance sector! I'm 'underweight' in negative yielding bonds and AA.

[brexitplus] 19/11/2018 08:19

Litigation Capital Management, which does the same as Burford is looking to delist on the Australian Stock Exchange and list on AIM. It has a history going back to 1998.

It’s website has a pre-listing presentation. www.lcmfinance.com

Worth a look.

[meanwhile] 18/11/2018 20:58

I see Dunning Kruger on this site every day. 5 posters have it, along with a number of other psychological conditions.

Mrs May is a serious case, strangely common in the children of clergymen, I’m told.
I’m completely free of it because there isn’t a position higher than that which I already occupy.

[jackdaw4243] 18/11/2018 20:08

Minerve

Stop loss is a difficult one for some because it encapsulates the fact that the initial investment was wrong and some have difficulty in coming to terms with that.

I have that problem still, and my Dunning Kruger tendencies do not help. I have now found a soul mate at No 10 Downing Street, London.

[brexitplus] 18/11/2018 19:31

The Bard of Snoredonia agrees with me. Well I never!!!!

But I agree with Yertiz about rugby. It’s all about character.

[meanwhile] 18/11/2018 19:20

I agree with brexitplus here; follow our lead, act like civilised people and let's all just get along.

[yertiz] 18/11/2018 19:07

Ever play or watch rugby Meanwhile? Its a team game that relies on skill, communication, agility and strength. Pity you are lacking in all these facets. Still, I reckon a bike shop in Wales has to be one step up from total mediocrity. Keeps you in close contact with your only friends, the sheep. Baaa.

[meanwhile] 18/11/2018 18:32

Yes, Minerve, they are a bunch of clueless amateurs, jumping around like drunken clowns.
They brag when an investment moves in the right direction, they talk about rugby when it doesn't. They don't know the difference between no news and good news. Some don't even understand basics like Valuations and Rights Issues. I was educating them with my series of tutorials but I've now given up on that. It was lost on them.

Still, I suppose they're happy with it.

[gettingrichslow] 18/11/2018 18:19

Yeah Yertiz, you need to stick to a strategy like the fart in the lift. Buy AA, lose money, buy Rolls, lose money, buy Bovis, lose money, buy some negatively yielding bonds, lose money - see how consistent it can be if you stick to the same strategy?! ROFLMFAO 😂😂😂

[minerve] 18/11/2018 18:09

Yertiz

Sorry Yertiz, it is obvious you haven't a clue what you are talking about.

You can't change strategy mid-way because you then are just fitting the strategy and rationale to fit recent share price behaviour and that is just the actions of a novice. You are either investing long-term or you are trading because that defines the conditions of entry into a stock. You can't change lanes, sorry.

[brexitplus] 18/11/2018 18:02

Oh come on, can’t we all just get on.

[gettingrichslow] 18/11/2018 17:59

Fart, talking about 'having a defined thesis' you still haven't explained whether you are 'trying to beat the index' or 'not lose money'. You've stated both in the last few weeks, but clearly they are very different things. It seems you are confused or are telling porkies! Which is it?

[yertiz] 18/11/2018 17:55

I don't need to define anything to you Minerve. Your strategy is a bit of a busted flush, while Meanwhile's is an 'all eggs in one basket' and hope there's no sudden fall, smashing his investment.
Momentum trading is fun, I agree - but you still don't understand that there are several, nay, many - investment strategies that can be incorporated at any time during share ownership. Move with the flow, don't bet against the market (damn - that's rule 4...)and be flexible and dynamic, neither of which you could ever hope to be. Ha ha ha. Still ROFLMFAO.

[minerve] 18/11/2018 17:48

MEANWHILE

I think Yertiz first needs to define whether his purchase into a stock is a trade or a long-term investment. He needs to make that decision before execution and stick with it. The execution and monitoring of the two paths chosen are completely different if executed correctly. If he doesn't do this he will not have a well set-out and defined investment/trade thesis and he will end up confusing the two. This really just opens up investing/trading to chance. When he fails he will not be able to learn why his trade or investment has failed because he has no defined thesis and rationale to judge against.

I used to momentum trade quite a bit and had several Apple Thunderbolt displays set-up in my study. It's good fun but requires 100% attention. It's a good way of augmenting income or killing quiet periods on your other investments. Buffett used to do a similar things with M&A and referred to them as his "workouts" - pre Berkshire.

[yertiz] 18/11/2018 17:43

You know full well that like you, I purchased shares before the split, realising 95p per adjusted share. Since then I have sold, bought, sold most and bought back more. How's the wallet photos coming on? Perhaps they could include a picture of a one trick pony?

[meanwhile] 18/11/2018 17:42

Yertiz,

If you're in a bragging mood, perhaps you can advise us of the profit you're showing on your Stirling Industries investment.

Otherwise, just clear off.

[meanwhile] 18/11/2018 17:33

Thanks for the advice, Minerve, just in time. I was intending to base my whole life strategy on his model, investments, personal relationships, ecclesiastical etc. His entire model comes out in his posts.

We can all quote these little gains as Yertiz has. No I didn't sell at 200p and buy back at 150p. I bought at 95p, sold some at 238p and spent the money. But I still have some bought at 95p leftover to sell another day.
Before you get too carried away with your success, Yertiz, ask yourself what you paid for the shares you sold at 200 and what the gain is now on the shares you bought back at 150.

But I don't brag about such things except in response to some nasty piece of work.

[yertiz] 18/11/2018 17:32

Simple rules for simple folk. How's your slippage been then Minerve? Flat on yer face - thats how! Hahahahaha. ROFLMFAO.

[gettingrichslow] 18/11/2018 17:23

Looks like there has been a bit of slippage in Bovis recently! Should have bought some more of those negative yielding bonds instead ROFLMAO 😂😂😂

[minerve] 18/11/2018 17:11

Stop-losses will not help you if the sh*t hits the fan in a big way. You need to study slippage Yertiz. Do you actually know what slippage is? Slippage can cost you big-time when a crisis hits. Stop-losses don't always execute at your requested price. Also, professional traders (like me) use trade size and stop-losses together to manage risk. Stop-losses on their own are a bit indiscriminate and generally are actions of a novice.

Long-term investors use stop-losses because they are generally ignorant and insecure on their position within the said stock. It is a different thing for traders because they don't really care too much about the underlying stock from a long-term perspective. Professionals select trade size and the stop loss point before they even buy the share and they shift the stop-loss all the time. I do this when I momentum trade.

It seems to me you are confusing trading with investing and making rather a bit of a dog's dinner over it. LOL

Don't take any notice of him MEANWHILE - actually, I know you don't! Yertiz is talking out of his BUM HOLE yet again. LOL