Discussion of the proposed Cashback Investment Club
Moderator: CIC officers
-
garindan
- Posts: 980
- Joined: Wed Jun 30 2010 3:20pm
- Location: Midlands
- Has thanked: 486 times
- Been thanked: 632 times
-
Contact:
Post
by garindan » Thu Apr 16 2020 11:45am
Unfortunately the sell price has not shown the same "profit" due to the buy sell spread Rich has mentioned. When it gets a little better I will change my vote to sell and we'll move from there.
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Thu Apr 16 2020 12:27pm
garindan wrote: ↑Thu Apr 16 2020 11:45am
Unfortunately the sell price has not shown the same "profit" due to the
buy sell spread Rich has mentioned. When it gets a little better I will change my vote to sell and we'll move from there.
For any novices this means that the price to buy a share and the price to sell a share are not one-and-the-same. There is an independent buy price and an independent sell price.
For example, as I write Pure Gold Mining is:
Sell Price: 41p
Buy Price: 46p
Any question please feel free to ask - that's the only way we learn.
[imutual Cashback Investment Club]
-
garindan
- Posts: 980
- Joined: Wed Jun 30 2010 3:20pm
- Location: Midlands
- Has thanked: 486 times
- Been thanked: 632 times
-
Contact:
Post
by garindan » Thu Apr 16 2020 12:30pm
AAAlphaThunder wrote: ↑Thu Apr 16 2020 12:27pm
For any novices this means that the price to buy a share and the price to sell a share are not one-and-the-same. There is an independent buy price and an independent sell price.
For example, as I write Pure Gold Mining is:
Sell Price: 41p
Buy Price: 46p
Any question please feel free to ask - that's the only way we learn.
Precisely - well described!
-
planteria
- Posts: 6377
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 708 times
- Been thanked: 1674 times
-
Contact:
Post
by planteria » Fri Apr 17 2020 7:57am
if i was a member of the share club, i would feel the same as richard.
but maybe that's why i'm not a member of the share club.
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Fri Apr 17 2020 8:08am
planteria wrote: ↑Fri Apr 17 2020 7:57am
if i was a member of the share club, i would feel the same as richard.
but maybe that's why i'm not a member of the share club.
Everyone has their own priorities, strategies and tradeoffs. You are welcome to both be and not be a CIC member.
[imutual Cashback Investment Club]
-
Beachboy
- Posts: 1267
- Joined: Tue Jun 29 2010 9:53pm
- Has thanked: 1455 times
- Been thanked: 1612 times
-
Contact:
Post
by Beachboy » Fri Apr 24 2020 7:44am
We are in a position where we could sell and at least breakeven on this share. As I suggested earlier in this thread 2-3 weeks ago I would be keen to sell to raise some funds so that we can consider other options with potential. I appreciate not all CIC members might agree but I would encourage everyone to at least consider it whilst the price is at a level that this is currently an option
-
garindan
- Posts: 980
- Joined: Wed Jun 30 2010 3:20pm
- Location: Midlands
- Has thanked: 486 times
- Been thanked: 632 times
-
Contact:
Post
by garindan » Fri Apr 24 2020 5:58pm
Beachboy wrote: ↑Fri Apr 24 2020 7:44am
We are in a position where we could sell and at least breakeven on this share. As I suggested earlier in this thread 2-3 weeks ago I would be keen to sell to raise some funds so that we can consider other options with potential. I appreciate not all CIC members might agree but I would encourage everyone to at least consider it whilst the price is at a level that this is currently an option
There was a good rise today it seems, so we'll have to take a look where the share is opening up next week
A lot of the big volatility on the other shares seems to have subsided, at least for the moment, so we need to think carefully where we might consider investing. Whether this is in something we know and hold now or have held in recent months, or something new.
-
Beachboy
- Posts: 1267
- Joined: Tue Jun 29 2010 9:53pm
- Has thanked: 1455 times
- Been thanked: 1612 times
-
Contact:
Post
by Beachboy » Mon May 11 2020 3:34pm
Currently 25% up. I seriously think we should look to sell to crystallize a profit and release some funds for another purchase.
-
garindan
- Posts: 980
- Joined: Wed Jun 30 2010 3:20pm
- Location: Midlands
- Has thanked: 486 times
- Been thanked: 632 times
-
Contact:
Post
by garindan » Tue May 12 2020 11:35am
Beachboy wrote: ↑Mon May 11 2020 3:34pm
Currently 25% up. I seriously think we should look to sell to crystallize a profit and release some funds for another purchase.
Any good ideas of what we should invest in, to replace this one? Gold seems to be the most opportune investment in my eyes. We really should have sold up a number of our shares and put the money into this, Ramsdens or Codemasters. There might still be an opportunity at Bakkavor but I can't quite get my head around why a food manufacturer's share has not recovered significantly and steadily.
Users browsing this forum: No registered users and 9 guests