| Group description: |
This group nominally covers the whole of Scotland – although we are also open to members from wider afield. The focus of the group will be on ‘Technical Trading’ rather than Investing. Importantly, we understand that many people do both longer term investing and shorter term ‘technical trading’. Of that mix of styles this group will focus on ‘technical trading’ – so you might expect us to have conversations such as:
Swing Trading, Stop Losses and Position Sizing, Chart Patterns – Cup and Handle, Breakouts, Springs, Flags etc, Support & Resistance, Indicators, Price Targets, Positive Expectancy, Trade Management, Trading Systems, Trade Ideas and Evaluation, Trade Planning, Leading and Lagging Sectors, Leading and Lagging Participants within Sectors, Trade Journals, and the ‘Tools of the Trade’.
The majority of the group have both longer term investments and carry out shorter term trades, too. They would term themselves both ‘investors’ with a longer term outlook and ‘traders’ with a shorter term outlook. The group members have broad experience in the markets – including across all asset classes and vehicles (shares – companies, trusts, ETFs, funds; spread-bets, CFDs, Options, Crypto). However, most of the group are predominantly interested in equities within the context of a portfolio.
Although some members are highly experienced traders that is not true of all and experience level should not be seen as an impediment to joining. So, if you don’t know who Richard Wyckoff was, or why Fibonacci is even more relevant today than in the 11th Century – don’t worry! Every day is a ‘school day’ for us all – Mr Market makes sure of that! |
I requested a transfer of my pension back in October of last year, it got completed last week. Thank-you H&L, once again they excelled.:(
I presume you are being sarcastic. Nine months to do a transfer is simply ridiculous.
Why be sarcastic? I only stated the facts. Totally agree with you, totally unacceptable from a FTSE100 firm.
Yes, British Empire went from a recognised name to become dull as ditchwater “AVI Global”…
As a long term happy holder of MTE I do not share your objection to the proposed MTE share split – I know it ought not to make any difference, but experience shows that a lower share price does improve marketability. The fact that Berkshire Hathaway has not split its shares does not mean it would not improve their marketability if they did. A share price of $417 would have more potential investors than one of $417,000. I appreciate that BH may not welcome private investors but that is a different matter. MTE appears more enlightened.
For completeness, Humphrey, after much cajoling, Berkshire did eventually introduce a B class of share, originally 1/30th of the price of the A class stock – but that was further split and each B class share is now equivalent to 1/1,500th of an A class share, so the B class is currently trading at a more manageable $276. So private investors are now welcome!
Blimey! Well done for seeing it through!
Thanks Mark, glad to hear that.
Thanks for the report Roger. During that 5 months, for how long were you unable to trade ? That seems to be one of the critical measures to me.
I think the authorities need to take action on the transfer of accounts. There is no fundamental reason why after allowing (say) 14 days to process paperwork, the transfer from one broker to another should not be done almost instantaneously.
A few years ago, the government made instant bank transfers mandatory and suddenly transfer times fell from 4 days to instantly.
There is no reason why the same should not happen with stock brokers. In fact, to ensure a proper competitive market, transfers need to be fast and easy. Are you also contacting the FCA regarding this ?
I am also unhappy with the JESC name change. It seems pointless to me and I have another ticker to remember, for no good reason.
I’m not affected by the Montanaro share split, but since it makes no sense for anyone to buy anything as low as £17 in a particular stock, it follows that there is no need for a share split. BRK.A at $415,000 is in slightly more need of a share split !
I did not even attempt to trade during the transfer process because I did not want to confuse either platform and I sold all the risky or volatile holdings beforehand to minimise the need to make any trades. I have other portfolios on other platforms where I could trade if necessary. But moving partly into cash for a length of time was certainly damaging when the market has been on a roll.
ShareSoc has taken up the issue of platform transfer times with the FCA I believe. They should have been getting better from past FCA actions but clearly are not.
Regarding the question of “Improved marketability” from a lower share price, where is the evidence for that? I have never seen any. Why would a high share price put of any prospective buyers, or sellers, of the shares unless the share price gets to the enormously high level that Berkshire Hathaway achieved? At the current share price of JESC of 1700p, who would want to buy less than one share?
There is a known problem with liquidity in smaller investment trust shares but I doubt that reducing the share price will help.
First world problems.
BH is a trading company not an investment vehicle. Most likely out of ego. Just like Bezos. It’s American Exceptionalism culture.
5 Months is that all !!…………….. ITI Capital to Fidelity took 10 months !! and actually its still not totally completed !! No help from Ombudman either. Whole process is a TOTALJOKE !!