ITM Power - ITM - Share Chat

https://www.commercialfleet.org/news/truck-news/2021/01/28/hgv-giants-agree-to-collaborate-on-development-of-hydrogen-trucks

Hi all. I lumped on a day before the drop and now sat on my investment 18% down. Pretty frightening for a newbie, I thought I did my research. I am after some reassurance from you guys and would like to introduce my self. Im here for the long game :relaxed:

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Welcome!

This has gone up by 125% in the last 6 months and over 400% in the last year alone. So a drop of 18% isn’t a surprise.

Hold if you think there’s a big future for hydrogen and it looks to be as there’s a big drive especially from EU and UK governments.

As with most clean energy stocks it’s definitely priced above its fundamentals but again the market is always forward looking.

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Hey! :wave:
ITM is a higher risk stock. They have never made a profit and nobody knows where hydrogen is actually going. You should expect larger fluctuations for such stocks.
And of course what @thinking_hydrogen says.
The markets themselves are on record highs, so corrections are always possible.

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Being 18% down will make you feel crap, but it’s the same for profits. It is not real until you sell. % up or down is just screen money. If you believe in ITM then don’t worry.
If you sell then you can ā€˜lock in your losses’. If you hold then hopefully you will return to profit.
Nothing has changed with the company in the last 24 hours, it’s just some other people have decided to sell their position

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If you believe in it try and dca. Buy the dips and bring your average share price down. Try not to panic its a good company. Just proper unlucky on the timing

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I’m wondering if some large investors are selling their big growth assets to try and cover their losses from wsb. What do you guys think?

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ITM was stuck at Ā£3 for months, and I was okay with that. Then there just seemed to be a perfect storm with Biden, EV hype, hype in other energy companies, then I think people saw the 50% in a month and piled in further. They’ve not historically grown at that rate, its hopefully just correcting during this dip and will get back on track. Some of the contracts they’ve signed even during covid are impressive.

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How are we feeling today?

Like I wish I bought more in the dip.

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Technically were still in the dip

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Did anyone watch the shareholders meeting the other day? My biggest concern was after market revenue once they have sold the turnkey products but it was really reassuring

Do you have a link for that please?

Interesting, is there anywhere I could find a recording?

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Yes a very clever and switched on guy off here gave me the link. You need to sign up but i thought it was worth it.

Here is the power point presentation

https://www.itm-power.com/images/Interim_Results_Presentation_Jan_2021.pdf

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Anyone heard why itm would be having few days pull back? Is it just profit taking? Not seen anything in the news

I’m looking to buy the dip! Hope it drops more!

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What are people’s opinion of this stock currently?

I agree the stock long term looks a great buy. But I think it has grown a massive amount last 12 months so I’m not surprised ppl are taking profits. It looks to be following a trend last few days of dropping and recovering half way. Also last trend i noticed was massive lump on last minute of the trading day and profit taking first thing the next day.

DCA the dips and hold on tight

Agree with all this, have a look at the graph June to December, it stuck around Ā£3 and didn’t move. That could happen for a bit again, I think day traders and short term traders have moved out. I’m holding on though, green energy isn’t done and nor are ITM.

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