THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY. ALSO BEAR IN MIND THAT WE HUMANS HAVE A PSYCHOLOGICAL BIAS WHERE WE EASILY GIVE A POSITIVE VIEW TO SOMETHING WHERE LOTS OF INFORMATION IS AVAILABLE.
If you have not read Part 1 yet you can find it here: https://wheeliedealer2.weebly.com/stocks--markets-blog/bango-bgo-buy-rationale-part-1-of-2 Recent Trading As is always the way, I wrote the text regarding the ‘Final Results’ a few days ago, thinking that would complete this section. Then of course, lo and behold, out comes another ‘Trading Update’ on 14th July 2020 which you can read here: https://polaris.brighterir.com/public/bango_plc/news/rns/story/w68l09r This is fairly short as you would expect really, but it’s pretty decent. The stand outs for me are:
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In the context of what I am about to write, Readers who are fans of the legendary ‘Prog Rock’ band Rush will understand my title with reference to the front cover of their mid ‘80s Album of the same name…..
On Friday of this coming week, the 10th July, if all goes to plan on the technology front, then the Twin Petes will be appearing with a session in the afternoon at ‘Mello Virtual’ which you can find out about here and you can get a ticket. If you use the code MV20975 you can get 50% off and you will be able to watch for 30 days afterwards. https://melloevents.com/ This download pdf from the website explains a bit more regarding the technology side of things and it doesn’t look too complicated: https://melloevents.com/wp-content/uploads/2020/06/A-quick-delegate-guide-to-Mello-Virtual.pdf
After just over 5 months of 2020 I have at last managed the round trip and seen my Portfolio smashed to pieces a couple of months ago, and now back to having my head above water and breathing nice unadulterated air !! It’s a great feeling and vindication of my Approach with the focus on Hedging and Long Index Trades to make the most of the dip and the rebound; and with luck I can add some more gains before the Markets decide to get grumpy again.
In last weekend’s Charts Blog I mentioned how I was a bit worried about the Race Protests and more importantly the Riots and Looting and consequently I ended up closing all my Index Longs to lower Exposure and Risk and then a few days later when things had calmed down, I started adding again. It’s all on my ‘Trades’ page on WD1 and on this latest Podcast, TPI 24, there is more about it (by the way, you can get it on something called ‘Overcast’ now I understand – it’s on the ‘Conkers Corner’ Channel):
Well there was quite a large event for my Twin Petes Investing buddy Peter @conkers3 and myself last week where the culmination of quite a lot of time and organisation and plenty of effort on all sides, led to the Launch of a Sponsorship deal of our Podcasts by SharePad/ShareScope. You can read about the arrangement in this Press Release and I have no doubt it will lead to a lot more initiatives etc in the future:
https://www.sharescope.co.uk/press_twinpetes_sponsorship.jsp Of course I am extremely happy about this Partnership as it is a vote of confidence from a serious Company in the Private Investor/Trader space and certainly is a solid motivational boost to keep doing what I have been doing for the last few years and to try to keep developing it as much as I can. Clearly there are personal benefits but I am very keen to ensure that Readers can gain from such arrangements as well so fingers crossed this is the direction of travel.
So far not even a week of imprisonment but I am just about coping despite the utter dearth of decent TV to watch and of course no Sport that is worth the effort of lifting your eyelids for. I managed to go out for some sneaky ‘exercise’ in the Cupra for a few minutes but other than that I just got stuck in with ‘work’ such as reading Investors Chronicle. We are just heading towards Summer and of course the Clocks are changing but it would be nice if the Arctic Winds would relent and get on with the sunshine bit. I have some seeds planted but with the chilly temperatures it might be a while until the slugs get something to eat !!!
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
You may have spotted that I wrote a 2-Part Blog ‘series’ about the Video Gaming Sector recently and out of the 5 pretty decent Stocks I had a quick look at, I decided that Team17 TM17 was the one I fancied the most. There are several reasons why TM17 stood out and I am sure Readers may come to their own conclusions as to which Stock is ‘best’ – but whatever Stock is chosen the tailwind in the sector is so strong that I suspect any of them will do well given time and the prerequisite patience to hold on to them. As mentioned in the Sector Blogs, the 5 Stocks split into 2 basic groupings which are the ones that actually create and publish Games and the ones that are more ‘Picks ‘n Shovels’ and provide various services to make the Games.
This Blog 2-parter is looking at a high level at the decent Listed Stocks related to the Video/Computer Gaming sector with a view to me choosing one for further in-depth Research and ultimately tracking down the best one as I see it to buy. To be fair, of the 3 I looked at in Part 1 they all look quite good although a common issue is high valuations but that is something I can live with, as long as I am buying something where the quality is high and I can see it having long-term endurance. You can find Part 1 here:
https://wheeliedealer2.weebly.com/stocks--markets-blog/video-gaming-sector-part-1-of-2-including-tm17-kws-fdev Now I will look at a couple more. |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
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