Vectura Share Discussion Threads

[alexchry] 10/8/2020 16:41

Not everyone pob, I am peob!

[popper joe] 10/8/2020 15:42

Does she know you call her that POB? :-)

[pooroldboy55] 10/8/2020 15:17

Every body is younger than me 72 ,bloody warm today and having to get my own G/Ts as its the butlers day off.
Edit
yes day off sometimes every month !!!!!!!

[polaris] 10/8/2020 14:44

Doesn't mean i get it right right! I am right with VEC but not currently in as my gaze was turned elsewhere! A case of wrong right or right wrong! ;-)

The main issue is emotion. You get carried away both to the long and short side when things are going your way, or refuse to admit a bad trade when it isn't.

The market teaches you lessons every day, despite me doing this for some 20 years now. Now i'm mostly staircase style trader, which means positions auto-close often, i.e. stops and limits are set on position open.

It's never wrong to bank a profit and wise to cap losses, despite any short term impact. Covid-19 has seem some pretty extreme moves in a very short period of time.

I still spend a lot of time on figures and balance sheets as that is the only way to have a good long term basis. There is a time to momentum trade, don't get me wrong, but it's a very hard style to carry off over a long timescale.

Mistakes are the only way to learn! Repeatedly making the same mistakes is just plain stupidity. Mistakes require a lesson learnt session, not a blaming session...something the world is not very good at. It prefers to point the finger rather than take a good hard look at itself and make sure to avoid that mistake in the future.

Lessons learnt are crucial. I now partly work in projects oversight and i always say to new people that they should never be afraid to make mistakes in a large project. Just be sure to make a new mistake! There is no excuse for making the same mistake as a previous project - read that lessons learnt document, it is there for a reason!

[cockneytrader] 10/8/2020 14:35

Polaris. An important attribute in this game is being honest with others, that way you can be honest with yourself and of course valuable lessons can be learned.

Bragging about successes and keeping quiet about failures is a recipe for disaster.

[westofengland] 10/8/2020 14:17

The longer I invest, the more I learn.

I think you are a great investor, Polaris, as you recognise the mistakes you may have made. I think I am a little younger than Pooroldboy, yet I would count my mistakes in the dozens!!!

Best,

Adam

[pooroldboy55] 10/8/2020 14:08

Hi Paul
If its any consolation we have all im sure got it wrong at some point in time well i have more than once.
regards
Andrew

[cockneytrader] 10/8/2020 13:47

Polaris, I wish you well. Of course Tesla is overvalued and one day there will come that correction, but I don't know when that day will arrive.

[polaris] 10/8/2020 13:35

It was all timing related, due to a misjudgement short on TSLA, that required positions to be trimmed in early July. I've made the losses back on goldies over last 6 weeks but also means my timing here suffered because i didn't find a suitable re-entry point as the share price steadily increased above 100 p. That's trading for you.

Two big mistakes in 2020 have cost about £90 k, which were both down to timing errors on my part. The VEC one more inexcusable than the TSLA one, as i broke a rule for opening new positions in VEC on a Friday in March under volatile conditions and that cost me the opportunity to ride the rise back up from 60 p, starting the following week, which would have more than recouped the original losses. TSLA is still massively over-valued and i remain short but it's going to take some time for that one to come home given the stubbornly high SPs in the US.

I am also a bit more cautious than earlier in the year, keeping a much larger margin buffer in the SB account as well as another chunk sat on the sidelines. I've had to dip into that a few times to cover short term margin calls since May. Thankfully, each time, the period has passed and allowed me to transfer the margin back out of the trading account. I like to keep 12 months+ of living costs on the sidelines, just in case!

[westofengland] 10/8/2020 13:15

Polaris,

I am sorry to hear this; difficult to come away from Gold stocks as I sense they have good short term outlook as well.

Maybe there'll be an opportunity for you to get back into VEC- I sure hope so.

[peddlers] 10/8/2020 13:06

If I get the chance I will top up on any dips along the way.
I had a target of 140 but I think it is time to raise it.

[pooroldboy55] 10/8/2020 12:54

3p is 3px25000
yes in the long run nothing i agree.
as for £3 hope your right

[cockneytrader] 10/8/2020 12:50

I would say the probability of generic Advair and Vectura success in court is 80% success.

[justiceforthemany] 10/8/2020 12:49

127p looks on chart wise.
Jan 2018 high.

[cockneytrader] 10/8/2020 12:45

POB - what's 3 pence when this is eventually trading at £3.

[cockneytrader] 10/8/2020 12:41

That's a shame, Polaris. Now is a good a time as any, you must have a made some money on gold.

[polaris] 10/8/2020 12:06

Just a shame that i currently have no position here, as margin is engaged in goldies...bit annoying really.:-/

[westofengland] 10/8/2020 12:04

I agree with Diesel yet I do sense that there seems to be some momentum here.
Regarding richtea's comments yesterday, I think intuition is important and I see no reason to sell this stock at present.

If we can achieve some good news over the next six weeks, a breakout to new levels is a possibility.

I find the comment on this board most useful and thank Polaris and others for their insights.

[pooroldboy55] 10/8/2020 12:02

Have faith but think if it had been me and i could have bought 15 mins later for 3p less i would have been a little miffed, of course if we all had hindsight we would all be millionaires
cheers
POB

[popper joe] 10/8/2020 11:10

Oh ye of little faith! :-)

[pooroldboy55] 10/8/2020 10:50

Wouldn't be to happy if it was me buying 25000 at 115p just after eight this morning as an O trade .

[diesel] 10/8/2020 10:14

This is my largest holding and I’m happy to continue to hold with the expectation of continued growth at the sort of level we have seen for the last year. If this drops below 100p I’m tempted to add a few more, but the present level is likely to be a spike as we have seen on numerous occaisions.