Top of the Stocks

Top_of_the_Stocks

Sorry maths a bit off, it's late.

£490 gain on BEZ

£290 gain on EDV

masonic

"Up 13% in 5 months."

and

"Almost 75% profit from January."

suggests quite a wild ride if both are true. It would mean you would have been down 35% a few months ago for +75% to land you at "up 13% in 5 months".

A wild ride isn't surprising with that level of concentration and risk. However, not everything you are saying matches reality. Perhaps you were invested in something different before January, which lost you a lot of money towards the end of last year. That is the risk with speculative punts like this.

"In the screenshot above;

I own shares in the two companies highlighted in red. Almost 75% profit from January. On a £1k stake in each, forgetting charges, I'm up £1,500. Not bad in 7 weeks.

Anybody beat that!!!!!!"

Over on the NASDAQ, Immunity Bio (IBRX) is up 339% YTD and Sandisk (SNDK) is up 173%. So there are even wilder places to trade if that's your thing.

GazzaBloom

https://forums.moneysavingexpert.com/discussion/comment/81895431#Comment_81895431

When I read posts like this I recall something Warren Buffet said recently "The second half of your life should be better than your first half. You should be wiser when you get older."

wmb194

Beazley's gain is just the luck of a takeover bid from Zurich Insurance.

LHW99

rather than those that have gone up, isn't the original idea to buy those that have gone down the most? - "Dogs of the FTSE"?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81895651#Comment_81895651

There are numerous strategies. The OP’s looks like a momentum strategy i.e. keep buying what’s been doing well. Thing is you need an approach to taking profits as well.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81895415#Comment_81895415

Me too. The following are just a few of some notable entries I recall:

"I'm a Believer" - The Monkees
"Skweeze Me Pleeze Me" - Slade
"Going Underground" - The Jam
"Two Tribes" - Frankie Goes to Hollywood
"Ice Ice Baby" - Vanilla Ice

Look 'em all up if you can't remember them 😏

Heedtheadvice

And.... How many of those ( even the memorable ones ) then fell down the charts quite a bit.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81895687#Comment_81895687

Well obviously they all fell out eventually. I thought it was more interesting where they came from, rather than where they went, with the OP believing they are "narrowing down of the choice" by looking at the previous week's performance ;)

Doshwaster

https://forums.moneysavingexpert.com/discussion/comment/81895431#Comment_81895431

Of course it's not a proper profit until you sell.