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- The club's future - a proposal
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It does make it more difficult to make "opportunistic trades", but I don't think that a club like this is very well suited for that style of investing.Chadwick wrote:If you can't react to an opportunity because it's not "trading week", surely you'll miss out?
We need 2 things before any/every purchaseChadwick wrote:If you only sell/buy at prescribed intervals 6 times a year, is it possible that you will miss good prices at which to sell or buy.
I thought the idea of share dealing is to buy low and sell high. If you can't react to an opportunity because it's not "trading week", surely you'll miss out?
With my proposal that shouldn't be a problem. We'd have up to a week between the nominations being finalised and the voting closing, and you'd know when that week is going to be a long while in advanceDerbiean wrote:there are times when I cannot respond for hours
kevinchess1 wrote:The 2 biggest issues I see with this idea are
Persuading the members to sell 3 or 4 loss making shares
And
Stopping them buying something if a Stop/Loss kicks in between votes
Ah okay thats fair enoughrichard@imutual wrote:With my proposal that shouldn't be a problem. We'd have up to a week between the nominations being finalised and the voting closing, and you'd know when that week is going to be a long while in advanceDerbiean wrote:there are times when I cannot respond for hours
So all members can set aside a decent amount of time to read through the comments and do their own research before casting a vote
I'm not really keen on the idea of proxy votes, esp as it would undermine the Top Tipster calcs
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