Just wish this country was only as broke as the old country looks around Dublin - new Mercs registered in 14. Reading the posts for the last couple of days evidence of Jitters and "Cajones" apparent. Did not have a lot of time this trip to travel, which usually I would do, but was dismayed to observe around the ferry port in Rosslare the familiar signs of financial demolition due to ill judged investment and consequent abandonment. Ireland is being re-shaped as the economy ticks up in Dublin, whilst the rest of the country has the life sucked out of it by the click and collect boys who can also deliver anywhere over night, just like here. The weather was perfect however and the golf at Wicklow and Stackstown excellent. Have no view of the future for the moment however pending a reduction in my blood octane rating. Good luck all
RE: More good observations
Ja, viel Gluck damit.
More good observations
Did a quick analysis of today's trades and I think it has all the hallmarks of a tree shake as identified by Ramerci. Low volume time limited sells...brewing for a rebuy limit. 30/.302. I think Bob might be on the mark at 30c but at these volumes if you were a major institutional investor you might drive down to 28c in anticipation of large-scale mid-October gains - that would be my play if I was an oligarch :). Just another illustration of the hold-tight nature of these shares. I built a position at 29c first time around(sounds great but I'm a small player - not life changing) but I'm building up a war-chest for another rattle before the week's out. 34-35c by Halloween is even more inevitable as I watch the day-to-day trades - just an opinion but one I''m happy with. G'luck
RE: short selling
thanks ramerci although i would not consider myself to be anything more than an average investor and with average insight , i do find the world of stocks fascinating however i mentioned a few days ago how i ballsed up a buy order ( not long with my current broker and system is different than TD investing ) and accidently found myself with extra bank of ireland shares last friday morning , trouble with irish stocks is that its very expensive to resell due to the extremely high duties on stocks , most of my portfolio is made up of american stocks , you can move in and out with ease
Someone posted a link to a website a while ago that showed some detail on shorting activities in certain stock. BKIR was listed as low on shorting activity. I suspect the same is true now. If a major investor wanted to take advantage of dips in SP, no doubt they would and do. You could drive yourself to distraction thinking about it. But in reality most of the transactions today were small time traders panicking. News and rumors drive the market in the absence of solid results. China's news today frightened some investors. If China decided to go ahead with QE tomorrow then SP will rise according to reports. Wednesday is a good day for RNS's. If some big players are consolidating their positions it will come out in the wash. I said earlier that I had a different opinion of the way SP will perform this week than Irish_bob. Either of us may be correct. I sometimes disagree with hos take on things, but the fact remains that he is an interesting and intelligent contributor to this site. And although I sometimes try to pull his leg, I do respect his arguement. Lets see what happens by Friday.
RE: china qe plan on hold
china news is what hit my BMW shares today , stock has been annoyingly range bound now for over three months
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.