The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Fleccy, Thanks. A VG point you bring up & taken on board. I have indeed considered either holding all my VOD, or only booking profits on real shares, simply because it's in my DNA to book decent gains & that approach has proved profitable overall. I'd still have VOD SBs for later. None of us has a crystal ball (unfortunately), but you may well be right re said merger. Today's 203.85 close, perhaps partly fuelled by recent Goldman's "conviction buy" recommendation, is highest close for a few weeks. OTOH, we've also seen significant resistance at 204+ for a few weeks. Ideally, we can finish above that soon with volume. So I'll be keeping a close on things next week, mindful that Brexit may be triggered very soon & that could put a spanner in markets generally over the short-term at least. But these decisions (when to take profits, etc.) are rarely easy. - All the best!
Jack, don't take this as a recommendation, because I haven't got a crystal ball, but have you considered holding onto your Voda shares a little bit longer. If the press rumours are true, the Vodafone India/Idea Cellular merger may be announced in the near future and the price might see some upside on the back of it. It's anyone's guess if it will happen, but the share price is currently moving in the right direction anyway.
As posted on BT's BB this morning, sold BT today for 347.70 after buying 24th Jan. That's a small note for the one wise guy (you know who you are) who found ample time to do little but repeatedly cast scorn on buyers at the time, especially on this BB. ;o) More pertinently, I'm still holding all my VOD real shares, buys at 191+ & 199+ as posted here, plus 2 SB longs at 205+ & 220+. Will be looking to settle at least some next week as we appear to have resistance not far above. The SBs will take longer to settle. By the by, been very busy recently with trading extremely volatile indices, or else forced away from my desk, hence longer absences than usual. - GLA, long or short & have a VG w/end!
Toff, It's all very well insinuating insults at others after registering with a new alias, hiding your previous clangers, but who are you? No trading/investing history, but already making out you're a pro who buys exact lows & sells the tops. Pretentious jokers & posers arrive & disappear on these BBs by the dozen, all making out they cleverer than the rest & know the market inside out. ;o) Most know nothing more than anyone else. The rest of us: we stand by our trades, good & mistimed, without needing to resort to denigration of others to big ourselves up.
Poker The Italian scandal will only serve to highlight the other weaknesses in BT. Such as the huge pension deficit. Needless to say they'll get oversold; but I'd be very cautious of buying in even at 280p Next is a good example of what happens to a company's shares price when a profit warning is issued. It was £48 before the profits downgrade. It fell to £41 overnight and it has since drifted down to £38. Bear in mind this was a share trading at £80 only 9 months ago. On deeper reflexion I'd be tempted to buy in to BT at 260p. At that level every issue would be priced in. Thought for the day- Fools rush in.
" By the time the Mms have wiped £10 billion off their value because of a £500 million loss. Thw loss will then be factored in 20 times " 280p may well be a good choice Toff .. . i personally would debate the company value before today though...for me the company SP was over valued, so wiping £10 billion off of their value is partly taking off market froth IMHO So for me x20 is overdoing it ..IMHO
Why hold shares at 350p if you think you can buy them at 314p??? Who holds shares at 350p????? Certainly not me. My target for BT is 280p By the time the Mms have wiped £10 billion off their value because of a £500 million loss. Thw loss will then be factored in 20 times That looks like a buying opportunity to me
I dont think market makers are determining the SP of BT or VOD... You make money selling as well as buying, you know... Why hold shares at 350p if you think you can buy them at 314p??? BT shares are just being dumped until no one thinks they will fall any further...then the climb back ...buy in..begins Of course they get oversold..all pretty normal market behaviour if you ask me.. It all part of the game... I
Anyone thinking of buying BT should wait a day or two more until the dust settles. The SP will undoubtedly be tested and a new trading range (support & resistance) formed. My guess is that will be 280-310. My advice is never to buy a share on the first day it plummets for whatever reason. It can always be picked up cheaper in the days afterwards
That's markets for you. A small profit warning due to a one off fraud and billions wiped off the share price. The blame lies with market maker manipulation they choose the SP to a fraction of a penny to exploit investors ruthlessly.
After their 70p price drop. Real shares. Reasons: seems an over-reaction to the Italian situation. Overall effect predicted to be £7.6bn for the year v previously forecast £7.9bn. Unless there's more to come out, does that justify a circa 70p drop? IMO, no. Hence today's buy. Target, circa 350+. GLA.