Mpac Share Discussion Threads

[castleford tiger] 12/10/2020 12:32

fair value /undervalued catch up

tiger

[fizzypop] 12/10/2020 10:06

A steep extended rise over a couple of weeks and as yet no sign of consolidation.
Possible bid, fair value catch up, or what?

[arregius] 11/10/2020 19:13

Where can I see that raise from panmure gordon?

[discodave45] 09/10/2020 22:30

Thanks Andy and CT, much appreciated.Think I'm fairly street wise now on these BB's in determining those who are straight and I respect compared to the run of the mill rampers/derampers and position posters etc., but will admit it's taken a while!.Investing fairly early on into FEVR and reading the threads there soon made me realise who to listen to and who to completely ignore.CT - I should have bought days ago rather than focussing on an insignificant negative, but once it was in my head that was enough to generate self doubt. So really kicking myself, once again!.Will hopefully still get in here.......at some point, lol.Thanks again.

[andy2205] 09/10/2020 20:13

Meant to also add, I bought MPAC at £2.59 recently (CT alerted me to..Ta!) but I sold at £3.20 so also missed the extra......My nervousness isn't with MPAC but with a wider market correction.

[discodave45] 09/10/2020 16:24

TexasSeems to be working out for you :)Luckily I'm not an accountant, lol.

[texas_caddy] 09/10/2020 16:07

No problem Dave, we're all learning and have our own weak spots. Mine is quite often the opposite - once I see an idea, do my research I can be a bit quick to buy in - once I've found a good stock it HAS to go up from here doesn't it? It's served me well with a few purchases this year and quick rises thereafter, but trick is not to convince myself that's anything other than good fortune and it will even itself out over long run.

Re: the focusing on negatives - I agree, and a point Robbie Burns (naked trader) made was that he found accountants can make terrible investors as they always find something buried in the accounts they're not happy about.

[discodave45] 09/10/2020 15:53

Thanks TexasStarted to set up some limit buy orders. Think these will get around some of the mental blockers, it's in some ways out of my hands once the order is placed (providing I don't bottle it and cancel!) and I'm not hovering over the buy button :).Have tried stop losses but been caught out a couple of times on tree shakes / fat fingers and now prefer to just set up price alerts.Hopefully will get there. Think Tiger posted on here some 28 days ago that I risk missing out by focussing too much on any negatives in a share. Too true, and no matter how insignificant the negatives may be it's also becoming part of the problem in my ability to simply buy what I know to be a good investment.All the best and thanks for all the feedback, appreciated.

[basem1] 09/10/2020 15:49

Having made 6 figures this calendar year I tend to think of stocks as trading chips rather than an investment. Not really what the market should be about but it certainly works for me. I don't get it right all the time as took profits here yesterday at 364, too early yet again

[arregius] 09/10/2020 14:47

You are totally right. In small caps you have an edge. Insititutions cant buy soon.

[texas_caddy] 09/10/2020 14:37

Dave,

Have you tried doing any reading / research into behavioural finance? May help try and "condition" your brain to block out what (and I am assuming you agree) is some irrationality and focus on the odds/longer term picture. Sounds like a bit of a mental block. Another tactic would be stop losses, though in illiquid/volatile small caps these can be trickier.

Agree with Greenhat too about poker similarities - I don't play as much these days but basically it's all about getting your money in the pot when the odds are in your favour, while managing risk - i.e. no single bet/investment will wipe you out if it doesn't go in your favour. Over the long term you will almost certainly win. Put it this way - there aren't many casinos that will knock back a bet on red or black even though 49 point something percent of the time they will lose.

All the best and stick at it - good sign you've spotted a weakness and trying to act on it, so well on your way.

TC

[discodave45] 09/10/2020 14:20

Thanks basem Will have to try doing just that.All the best.

[basem1] 09/10/2020 13:57

Hi Dave A strategy that has served me well is just buy half your holding to begin with. If it goes up your quids in and if it goes lower you average your purchase price. I did that here with 2500 at 318 and then a 4000 purchase at 297

[greenhat73] 09/10/2020 13:07

Hi Arregius,
I'm an amateur investor, I don't post much... but your hesitancy in pressing the buy button caught my attention.
I have a small holding in MPAC.

My approach to ask myself some questions
Am I comfortable with the investment amount if the share goes wrong? After all it is a risk.

I play poker in my spare time and this has helped my in my approach to investing in shares.
Most people view poker as a gamble, but I'd view it more about making the best decisions with incomplete information.

I look at investing in shares in a similar way.
Yes do the background research. You will never have all the information. At some point you need to make a call.
Some calls will go wrong and not necessarily because your background research was not good enough.
Future unforseen events like covid-19 could have a big impact on your investment.

As long as I'm getting the majority of my calls right then I'm happy.

[standish11] 09/10/2020 12:44

Mpac Group Plc : Panmure Gordon raises target price to 461p from 355p.

[shaker44] 09/10/2020 12:34

Far better than the opposite problem Dave of hitting the buy button too often. A little hesitation in these markets is not a bad thing. But if your watch list is doing so well you will feel more confident dipping a toe in!

[discodave45] 09/10/2020 12:00

Arregius Thanks, it's hitting that buy button in the first instance that's become the issue........perhaps little at a time could help. Like a junkie going cold turkey!.

[discodave45] 09/10/2020 11:57

Hi shaker,My SIPP is managed by a well known fund management company, and I have a separate fund portfolio that I manage. It's buying equities where I'm struggling, never used to be a problem though.Probably just a self confidence thing and I feel slightly embarrassed about mentioning it, not the done thing I suppose to admit your struggling.That said my watchlist is doing phenomenally well, lol.Sorry for off topic.

[arregius] 09/10/2020 11:52

Buy and forget. This is a longterm hold as all you might wanna buy. #buffetology

[shaker44] 09/10/2020 11:28

Maybe you would feel happier and sleep easier if you select a good fund? Spread of risk and experts pressing the buy and sell buttons for you.
Just a thought

[discodave45] 09/10/2020 11:22

Can I ask those more experienced, CT if okay, how can I stop pontificating when making that first buy?!.I do loads of research, think I have good instincts, am a quick learner etc., but recently when it comes time to press that buy button I hesitate, even though I know it's value, every single time and it's starting to become annoying as I see profits drift away time and time again.It may be I'm more aware of how the market can 'crash' and how volatile it's become, dont know.#Fedup.com

[arregius] 09/10/2020 10:06

Reached 52 week high

[castleford tiger] 09/10/2020 10:06

nice and steady is just the right way.