couldn't agree more toff. im no expert but ive seen shares like northern rock , Bradford + bingley + alliance + lie cester have great runs up, then reality kicks in. where are they now . gobbled up by the big buys. telecoms just not performing + if you take out all the mergers its been sideways or down most of the time, barring the odd good run up. g l a .
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.
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.
looks like there could be more indian woes judging by the share news item. next Thursday 2nd will enlighten somewhat hopefully. bad news for B T holders. may be a good buy over the next few weeks. I held bt at 308 + played them up to £4 then thought they had topped, but they ran on + on. some people must be holding BT at nearly £5. long way back for them. I recall BT having huge pension problems. cause BT being telecoms wiil impact vod.
Premeditated re-add of real shares. One rarely buys exact lows, or sells tops, bar luck, but these a bit cheaper than what I sold for last time at decent gain. Also have 2 SB longs here in separate thread with far smaller stakes.
Target loose, but in view of sharp retrace last time from 215+, circa 210+ might well do. - GLA.
" 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
Sam, In my opinion, if you are new to this with just a few then I would get the experience of going through market turbulance ..it is absolutely vital ... you will never, ever get to learn the market behaviours without it ...
Get to know how you yourself respond to the market dips ...that is if you intend to invest on an on going basisi
Get the experience of sitting on a paper loss ...it may only be for a month ... who knows
In investing it pours and at times the sun doesnt always shine...being out in the rain toughens you up...believe me !!!
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
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