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I could also have added gambling tobacco and alcohol stocks or fossil fuels and anyone connected with arms etc the list goes on and on you can basically question the morals of just about any listed company Amigo doesn’t deserve singling out!
The bit I don’t get about people saying 49% interest rate being immoral etc is that you’ve got the likes of tsb and Santander charging 39.9% on overdrafts god only knows what the worst mainstream lenders credit card rates are but you wouldn’t have a problem holding Santander shares or tsb .... n fact they would be long term pension pot shares ..... go figure huh?
Morally I could also start on the medical stocks as well given the prices charged for some drugs that are an absolute necessity for some.
And I’m sure the people questioning the morals of amigo have not profited from any covid stocks
Camwal88 - were not saying go long - just go days - it worked before it can work again. This period isn't working is it? Not for the little man anyway. Moral fibre is not a part of the equasion in making a buck or 2. Bottom draw your morals for a short time and enjoy the benefits after.
Right - TIME TO PIPE DOWN AND TURN TO 8AM - GOOD NIGHT AND GOOD LUCK
But doesn't it depend on what u think is going to happen. I.e 10p to 8p is a 20% difference. Which in my opinion is going to happen. Thus 8p till 20p is a better return than todays price and 20p. 10k is difference in the price I sold and the price of today. Thus highlighting my point
Personally I have no interest in investing here longterm, it's hardly a company moral fibre - charge the financially troubled 49% (minimum) even with a sound guarantee, making them more financially troubled.. fundamentals might still be sound but it's worth noting, if they've delayed the cases they've delayed payments which obviously is helping the bank balance. In the mean time I'll go long and short, hopefully make some more money..
I'm not a day trader. Just a guy trying to make money. I trade long and short. Anyway I made a very decent amount here. I bought in at 6 expecting it to go up( not quite as quickly as it did). Lucky I guess. And I sold at just under 16. I can buy back now for much cheaper. You can make money a number of ways . Its not always best to hold. If i held from 16 I would of been 10+ grand down now.
So be it, day traders can chase 5-10% daily returns if they so wish, I’m not judging, just felt the need to point out the reason for their lack of return on this stock. Less than 5 days holding on this stock would generate double the return if it reached 19p/20p than they’d make in 10 days chasing rainbows. Nothing more.
Good sign of upturn, the frat boys have arrived on the thread. Whoop Jeagerboms, beer pong, pump and dump... SIGH. SP isn't worth zero and everyone's nervous about entering at 10p with a high of circa 185p, how crazy. Historic low is 5p remember. This company is sound, it has ample cash reserves and is generating monthly returns just from the repayments without new customers. FCA has nothing on them and the 1% daily sell off of 4.75m shares is just noise with the average 40m trade volume. Take profit at 8.30/8.45 by all means, but reinvest at the lows. Seriously, all you need to do is just hold a few days, guys. Hot money trying to make a daily profit is the cause of the volatility and your losses. If everyone just entered and held for the short term, the SP would be up beyond the JB offer in no time. It's really that simple folks. No old money is even going to touch this for the medium to long term with this kind of daily swing and volatility. Patience is a virtue.
Not sure. I know it was doing the rounds with Hamish being appointed there but I suppose we will just have to sit back, enjoy the ride and see. Think the 1percent must be going to few different players. Amigo surely has a few interested suitors. They'll be ok if they work with the FCA re complaints and negatives can always be turned into positives. Plenty money in the bank, still making money off their current loan book. Will it be slightly less in Apr? Will they target better credit ratings? Will it be more stringent loan checks? Diversifying their business to expand from loans offering other financial products? Plenty of scope here especially as the consensus is they are going to get away from targeting their current loan book.
In Cineworld and boohoo. Pity about the noise with boo today but I don't actually think wee teeny bobbers are going to care too much who is exploited to make their glad rags. At the end of the day price is king. People pretend they care about the exploited but if these additional costs are moved on to the consumer they'd just complain. Am I an ethical investor? No I am out to make the coin just like every one else. Just going to give a nice entry point and I have cash available. Next etc are ones to talk, when they are just as culpable as all the fashion industry in slave labour. Cine will be ok once the cinemas open and America gets some good covid news. Sure as Hollywood will big up the new releases coming which hopefully will cause a bit of movie fever. People will want to hit the cinema up, just as they want to hit the pubs and restaurants. Depends what your time line is for profit I suppose.
Got to say love this share. Was in at an average of 7 and sold for a just over a 100 percent lift. Missed the 19 as was working then watched it piddle away down as I thought it might bounce but it didn't. The sensible in me took the profit. Would love to get back into the action as I think some positive news will spike this once again but who knows when that will be. If she starts going to low 9s I might have to think about dribbling in a few funds but my hands are a bit full on a couple other plays. Still watching tho.