RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PerplexedThe 90 % is usually the theory, the 10 % the proof. I've bought plenty of stocks over the years based on great theories but that last 10% can be illusive.
So I've found that if I buy after the proof is in I'll usually do much better. I realized that I don't need to be the first into a deal to make huge returns, I just have to be paying attention to the market and be able to recognize when that 10% has occurred. There are plenty of people who can't react to good news in a timely manner or don't recognize it right away and need to thoroughly digest news before making a buying decision, institutional investors are certainly those types of investors but thousands of retail are of the same mindset.
You can do exceedingly well in this market if you dedicate some time to it, but that's also the trick, you need the luxury of time without distractions which not everyone has.
As I mentioned those Directors may be worrying about a change in tax law and once those options were exercised they were exposed so they had to sell them in this tax year. They may also be faced with a relatively small window to sell into, before testing actually starts may be one window, so this could have been the optimal time.
Davidblackgreen wrote: Increasingly coming to the conclusion that stocks need "To be ripe" or if you like "In the moment" to make money on them.
Have held some great stocks that had 90% of the ingredients to work, but that missing last 10% just meant it didn't happen. A friend called it "Sailing with the wind, not against" a while back and I think that's right.
It feels like TXP is now ripe and with gas being the hydrocarbon of choice in these anti CO2 times it just feels this one is going to come good with style?
Disappointed the three selling directors held on to none of those shares. Even 20% would have been positive.
We will see!