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educational blogs |
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THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES. PLEASE BE AWARE THAT THIS STOCK IS EXTREMELY HIGH RISK AND IF YOU COPY MY BUY YOU MAY LOSE ALL YOUR MONEY. IT IS NOT SOMETHING I WOULD NORMALLY BUY AND IT MIGHT TURN OUT TO BE A RIGHT DISASTER.
This is a Buy Rationale following my small Nibble of some Accsys Technologies AXS Shares on Thursday 29th January at 58.84p. To a large extent this Blog is digging into the Products in order to understand if AXS really could be a truly great investment - because at this stage of development, it really is a Very High Risk, Speculative, ‘Blue-Sky‘ Buy. Regular Readers will be aware that this is not normally something I would buy, but in this case I have a very good source of Information and it is a Share that I have been watching for years - and for most of the time it never seemed to be getting anywhere. That may have now changed.
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THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I am feeling a bit Blogged out, so I will try and keep this Short and Sweet - ok, I appreciate that is against my nature !! This morning I said “Goodbye, and thanks for all the Profits” to EZJ, for the following reasons:
THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I sold off some IGG yesterday - but have kept a chunk in my Income Portfolio as I think it is a great Stock long term but seems Toppy for now and I want to build Cash and reduce my Exposure in the early months of this year as we head towards the uncertain General Election. This period of the Year is always bad and the Election will give the ‘Media’ plenty of time to get the Fear of God into Investors and have them panicking for the Exits. “Sell in May and go away” and all that……….. I THINK THIS IS THE MOST IMPORTANT BLOG I HAVE WRITTEN AND A ‘MUST READ‘. THE CONTENTS WILL FORM THE CENTREPIECE OF MY WEBSITE GOING FORWARD AND SHOULD HELP READERS REFINE THEIR APPROACH.
This is Wheelie’s ‘Get Rich Quick’ scheme*…….. As usual, I am supposed to be hammering out another Blog which I promised you all (HSS Hire) but I have got myself distracted. It is utterly weird how some of these Blog ideas come to me and when I get such inspiration, I feel the need to get on and type ASAP before the idea cools off and I type something substandard. I was having a Shower this morning and it suddenly hit me (the Blog idea, not the Shower Head) and while I was dripping wet I had to rush to my Office (what a grand name for a desk and an old Netbook) and grab some A4 paper and get biro-ing like a demon possessed with Blog Writing fever. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Right, as ever, a strange start to a WheelieBlog. I am writing this on Friday Night (23rd Jan) and I had previously produced a Draft of this Text under the impression that HSS Hire did not look all that attractive as a Buy at the IPO. Then a few days ago, things changed because the IPO Market Capitalisation tumbled from £600m to just over £400m at the Top End of the announced Price Range - 210p to 262p. This obviously got me a lot more interested and my intention was to have a Deep Dig into the Numbers and stuff. Anyway, some superb detective work by Aston Girl (@reb40) on Twitter, aided by her CFO Accountant Friend, flagged up that the Company has been Loss Making for several years (this is really down to lots of recurring ‘One-off’ Items !!) and that has put me right off it. Huge thanks to Aston Girl and her Friend - a great example of how Collaboration can help everyone. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
If you follow my Twitter Feed and look at the Changes List on the Homepage of my Main Website, you will hopefully have noticed that I sold all of my Spreadbet Positions on Aviva AV. this morning at 519p. This was a Spreadbet Price - the Price in the Normal Shares Market was about 521p at the time - the ‘Spread’ on a Spreadbet is wider for many reasons which I will explain in a future Blog - if you cannot wait, then Robbie Burn’s Naked Trader 4 Book has a Section on Spreadbetting that explains it all very well. I banked about 0.5% of my Total Portfolio Value on the trade so it was ok, but nothing special. On the recent buy from roughly 3 weeks ago I made 6% on the ‘Exposure’ and on the other position which I have held since October 2013 (a long time !!) I made 20%. Of course, because these are Leveraged I actually made a lot more than that as a Percentage of my Capital Employed - probably near 100% but I have not worked it out yet. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Seems like time for some controversy - it’s all been a bit too cosy and we need a New Year shaking up !! Some of you may have endured a long stream of Tweets from me recently on the subject of Pension Deficits - it was my usual trick of using the excuse of “I’m thinking hard about an important subject” as an excuse to avoid getting out of Bed on a nippy January morning (yes, I know it was 11am - it was still nippy even then !!). There seems to be a blanket reaction to Companies with a Pension Deficit - “oh, they are no good to invest in, they have a huge Pension Deficit” - so much so that it got me thinking - is this a classic example of Daniel Kahneman’s ‘Fast Thinking’ when we need to apply some ‘Slow Thinking‘? (Kahnemann’s book, ‘Thinking, Fast and Slow’ can be bought in Wheelie’s Bookshop via the WheelieDealer2 website.) When is it time to dump a Stock? An overview of WheelieDealer’s Sell Triggers - Part 5 of 5 !!16/1/2015 As per the Title, this Blog is the last one in this astonishingly lengthy saga. To read the other 4 (alternatively, you could poke your eyes out with a blunt chopstick), please click ‘Selling Rationale’ under the ‘Categories’ heading for this Blog Page.
Chart goes Vertical This selling trigger came into my mind this week when some of us were discussing The Biotech Growth Fund BIOG on Twitter. What fired my thinking was that I see it time and time again (unfortunately, rarely on stocks I own !!) that a Share Price Chart “goes vertical”. Some chartists refer to this as “going parabolic” (para-bollox more like !!). I am sure you will have seen me say this before, but sometimes I sort of get a minor dose of ‘Writers Block’. It’s not terminal or anything, so you will be able to get your masochistic kicks from my spiel for a while longer, but it’s sort of about Enthusiasm.
Don’t get me wrong, I am utterly enthusiastic for the WheelieDealer Experience, but sometimes I sort of struggle to get motivated to write a particular Blog. I have a list of Subjects you could stick on a Bog Roll in fine print and still have space to wipe your butt, but (Ed. nice use of 2 butts or buts) it seems to often be the case that none of them salivates me on a particular day. For instance, I know I need to do the Asset Allocation one and I have about 5 in an 85% finished state - but I just don’t fancy doing any of them. So, I have been struggling a bit to find a topic I really am keen to do today. However, as luck (or bad luck in this case) would have it, the Profit Warning from Boohoo (BOO) today (I started writing this last week !!) has fired up this subject area in the excitable bits of my grey matter. Sell Half on a Double
Some people like this approach. It can be refined in several ways - for example, you could say “when a stock doubles from my Buy Price, I will sell One Third of my holding”. There are lots of ways you could cut it. You could extend the Rules and say “when the stock triples from my Buy Price, I will sell another Third of my holding.” etc. The beauty of this kind of approach is that it takes your emotions out of the decision - the Key is to make things Mechanical, Robotic and Rules-Based. I know I have tweeterererered a few times about the idea of having a set of Rules written down at the start of each Calendar Year - I do exactly this myself. So these kind of Selling Rules could be written clearly into your Rules Document and you must then follow your Rules in a disciplined manner - no umming and ahhing, no shilly shallying, no ducking and diving, no Milk Today Please - oh, sorry, that’s something else - you just get on with it and follow the Rules. |
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