Any ideas why CTO is up 10% today. I can't see why.
They did have an inline trading update last week (31st January).
I have been holding this for nearly 3 years and it has been pretty disappointing, so I was actually considering selling it today as part of my portfolio review, but now I am wondering what is going on.
I also hold T Clarke (LON:CTO), had a quick look on the advfn board and apparently it's been tipped today, by Simon Thompson in the Investors Chronicle.
Hi
If you are interested in T Clarke (LON:CTO) this is a Piworld/Mello/Tamzin vid about 50 mins. Useful explanation of the business.
https://www.piworld.co.uk/2018/12/10/t-clarke-cto-presentation-at-mello-london-november-2018/
(I don't hold yet, but have watched for a while and looks like I missed out, but might still buy in).
Regards
Howard
It also got discussed in length on the Cube podcast at the weekend. Like Howard I'd been watching but hadn't pulled the trigger.
I hold T. Clark. Is was one of the first stocks I bought in Dec after the correction and I'd watched Tazmins excellent video (as they all are).
I thought I had bought too early, as the price dipped a bit soon after the purchase and, coupled with the wide(ish) spread, I was well into negative territory for a while before New Year but it has been quite good during Jan (and today). Been busy today so didn't know why today has been so strong. Thanks guys for the background.
I'm now wondering whether to continue to hold or to sell. I really like the management, but the margins are quite slim (typical of this sector, I guess). I may just push my stop closer and see what happens tomorrow before deciding.
Just a personal observation, but if you were considering selling anyway then a high profile tip is a gift. Whilst 'tips' can, on occasion, be the trigger for a broader re-rating, more often than not it seems to me that they cause short term spikes that petter out within a few weeks at most.
(And to be fair, the tippers are usually taking a longer view than a few weeks).
Yes share tips often cause a spike, usually best to wait to buy the shareprice often drifts back again although I have seen relatively unknown shares to really take off after a tip. Problem is most people who bought after the tip will have paid a premium. This is a problem with tips, the tipster may show a profit but in the real world you often can't get that price.
Hi Gromley,
Yea, that's the internal debate that I'm having. Do I take the easy profits now, or do I hold through the probable re-trace for a potential longer term gain.
I may just top slice :-) (thinking job then done!).
Minervini would take the quick profit, I have seen his comments such as a quick 12% in a few days.
