I hold Tracsis. I see that it is up 9% today. But my searches don't reveal any reason. Can anyone tell me why this share price increase has taken place?
I am a keen & experienced investor. I love my spread sheets, and like to think that I know what I am doing. I wouldn't be offended to be described as a bit geeky. Mostly I do well, but I always strive to do better. Married male. Born 1957 England. Good career in industry for 35 years. Been successfully investing for about 30 years. I chose to retire from salaried employment at age 57 to look after my investments. I consider myself to be quite analytical / logical / mathematical, but also take into account how the world is likely to change & how people behave. I always follow my processes before taking action. more »
I see someone has marked my post down for some reason. I should like to explain that I bought this share after considerable research & in the expectation that the share price would increase. It is just that the particular reason for the sudden share price rise is not apparent.
Apparently it was a Motley Fool Hidden Winners share tip, last night. That expains the buys this morning. I also hold this share, was getting a bit worried with the recent fall but now it has bounced back. Will be interesting to see if there will be a new 52 week high next week.
Thank you for your explanation Herbie47.
This re-enforces my view that shares should mostly be bought or sold on the basis of fundamentals. If anyone disagrees and believes that shares should be bought or sold mostly on the basis of share price movements, then please can they explain why they hold such a view?
Well many investors buy when prices are good value and then sell when they become less value. Or do you mean something else?
Thank you for asking the question and to herbie47 for answering it, I to am a holder who was getting concerned and could not find a good reason for the price movement.
Regarding your question on buying selling on share price movements, I think it comes down to your attitude to time and risk. Riding momentum is great, it works, but often ends with a big fall, so you need the time to be able to monitor your stocks, and respond quickly.
For me a mixed portfolio works best. Momentum shares can give a healthy increase to the portfolio as long as you keep your losses small, after all not many private investors really know what's happening within a company.
Tracsis share price seems to go up and down quite a bit, I think its suitable for buying on dips and selling on peaks as the movement is around 25%. It has dipped 4 times in the last year. So I will keep my current holding and then add if it dips again.
It is the first anniversary of the extension of the US trials to six. If I remember correctly the CEO said that trials take a couple of years.
Successful adoption would cause a sea change.
Thanks for the info, Herb.
apad
