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Hi Thanglan, lets see what tonight brings - most of the boards, the stockmarket and me, seem all to be praying for a Boris win even though our friend Toff would welcome any change to rock the Market Makers in their cushy boats!!
Hi d955, the FCA are useless, the A stands for R.Souls, I leave you to work out what the FC stands for.
Sadly with you on BT & here
Hi Toff
Just want to say a quick thanks for your posts on the corrupt Market Makers and how we're all being ripped off by this scum.. as a long-term holder of BT shares, I've seen my shareprice deteriorate over the last few years. I own Centrica too, same seems to be happening with them and Royal Mail. I can't believe how the FCA can just sit there and do nothing!!!
Thanks again for your efforts trying to get them to take some action.
Toff,
Do you think MMs are bad because they prefer to make money by pushing SP down? In America, they do the opposite. American shares get pumped and pumped before falling back to earth. In the U.K, the MMs push it down, down before allowing it to trade at fair value. I prefer the American market but the U.K will change to that model soon.
Toff, I agree with some of your points.
I worked within the banking sector when all of this "crisis" was going on. I'm not going to say which company I worked for, as that's a can of worms that it's probably best to stay away from .
I was just a low level grunt, just doing the job I was instructed/paid to do, and not involved in the decision making process into operational lending procedures, and that's that.
I believe that it was bad decision making and bad lending processing at the top that was responsible for the mess that resulted. Maybe those responsible for making the pigs ear of it should be brought to book for it harshly.
Trent
I can’t get too involved with these boards. No disrespect, but most of the posters, although thoroughly decent people, have little idea of how market dynamics really work.
I remember my first day in the office when management briefed us newbies. About the first thing they told us is not to go anywhere near boards like this ( the supposition being that we’d have Misinformation and opinions planted in our subconscious) which would effect how we weee taught to trade.
I was placed in a department with 32 people, and after a couple of weeks I found out I was the only one there who wasn’t snorting coke. I took a lot of stick for that and got pressurized by my colleagues.
But being single minded in the extreme, I faced them down.
Like anything, retail for example, the landscape is in a constant state of flux. I’ve noticed a sea change in trading practices since the financial crisis.
An analogy I’d make is the way the banks have put their credit card interest rates up to recoup the money they’ve had to pay out on PPI. And similar practices exist in share trading.
I’m not in competition with anyone, just because I know more doesn’t make me better than anyone else. I’m an occasional poster, usually only active to vent my fury at the monsters who run the uk markets; not directed at those who have erroneous opinions.
Toff
I’m not in
@ Toff.
Here's the thing though.
I do not call you a liar when you say you've been trading for quite some time.
This being true, then I would argue that Your point of bothering to do so, is to buy and sell your chosen shares at the best possible prices. That's fair enough. That's the nature of the beast of capitalism.
But then you say something like "The Uk need a generation of hardcore socialism", which is of course totally at odds with what you along with the rest of us that dabbles in this game is trying to do for ourselves. Very strange. It's like a turkey saying it's looking forward to seeing Bernard Matthews.
Hmmm
Seem to be forgetting Centrica’s 69 percent slice of Spirit energy. And it’s booming US business which boosted the last update buying market expectations. Corbyn won’t be able to nationalize that
Reading your post it’s obvious you perceive Centrica as a business with a single gas tap plugged into the UK consumer pipe.
Trent
I’ve traded for decades. Shoulder to shoulder with Market maker scumbags. I know all their tricks and theres no bigger scum on this planet.
Glencore not Glenview thats a nursing home near here
Trent last few years Tesco for one, Taylor Wimpey another one, Glenview in fact I think all the miners have been down then virtually doubled from around Brexit time. This time last year I was well under water with Bdev at 440 depressing Christmas that was been up at 680 at times this year, hoping for the same with these but to be honest 120 to 130 range would suit, and maybe withe broker notes changing just might have a chance. Big catalysts for it if and when they come off the biggest being Conn going but being replaced by someone the City think can do the job, that one to me will be the Biggie.
"The Uk need a generation of hardcore socialism"
Lol, we need that about as much as a dose of the clap.
@ Bluedreamer
You know, I've been investing & swing trading for a good few years now,and have never seen any share literally double in value, ever. Not one.
I've seen shares go up 10 - 40p on the back of a good rns, or takeover bid or rumour, only to often retrace in a short space of time.
But for a share to double in value on the back of a Labour Government gaining power, as Tofappleton1 suggests seems ludicrous to say the least.
That said, I wouldn't put it past Corbyn to offer shareholders double Centrica's value to then go on to Nationalise it along with all the other utility and rail companies.
Also McDonnell has said they wouldn't give cash for shares they would give the value in bonds, at no stage are they willing to offer cash for companies. It would be nice if it did double in value but the only way that will happen is for a Tory landslide and Corbyn, McDonnel and McCluskey being f..ed off out of the Labour party.
"As a novice trader who doesn’t know the dynamics of markets"you say.
I've been investing in shares long enough to understand several things.
1. A shareholder will not sell his or her holding for less than they bought them for, unless they needed their money for something more urgent or pressing. A government body or other entity would struggle to purchase this or any other share for less than the market value or for its current value if there was no real need to free up funds for something else, especially if their buy in was higher than the current sp. Their purchase price would have to put the seller in profit to make it worth their while.
2. You think that Centrica would double in value? Based on what? Even if it did, which is doubtful, that would mean that Corbyn would have to stump up North of £1.50 per share based on the current price to buy the Company from shareholders. Always assuming of course holders sell to this muppet. That being the case, where do you think that money would come from?
It would seem that this "Novice trader"knows more about the stock market dance than a seasoned pro like yourself does.
Toff,
You are right about MMs being vampires but the U.K market is juicy compared to U.S.A where CFDs / spreadbets are banned for retail traders. German retail traders are tough / cautious unlike dumb U.K investors who plough money into WOODFORD. MMs set the price not demand/supply but you can change that by placing a huge buy order........that is the only way to know the true value. If 500 million shares gets filled below 100p then you know CNA is not worth much more. I am sure you don’t have £500 million pounds, the MMs are doing a great job trying to make money........simples!
Trent
“And what do you think will happen to Centrica shareholders when this clown Corbyn re-nationalises “
I expect it to double in value. The ftse has risen about 3 percent since 1999 while the Dow has almost tripled and the Dax has doubled.
It got a lot worse since the 2008 financial crisis, before that MMs could only slap savage bear market valuations on companies in dire straits.
Like I said uk markets are set up to financially rape investors and line the pockets of criminals.
Nationalization will be like a takeover and fair value (about double what it is now) will be realized by investors. As I said in previous posts there are laws to protect companies from “lowball” valuations
The same certainly can’t be said for the scum that value our companies on the markets.
Not only that, absurdly low valuations risk losing great British companies to hostile overseas takeovers. GKN for example being a case in point - bought by asset strippers and vulture funds for peanuts. 52 percent voted for the takeover @250p. It’s now quoted at 482p off market.
As a novice trader who doesn’t know the dynamics of markets you should take those two numbers as the difference be real value and uk market value.
@ Toffappleton.
"Hopefully Corbyn will win the election and annihilate these horrible parasites that are raping uk investors."
And what do you think will happen to Centrica shareholders when this clown Corbyn re-nationalises Centrica, along with ever other plc utility/rail companies at great expense to the taxpayer, including yourself?
"The Uk need a generation of hardcore socialism".
Bear these points in mind.
The national economy develops relatively slowly;
There is an inability to obtain the upmost profit from the use of resources, labors and land;
Places that have a geographical advantage lose chances to develop better...
People lose initiative to work and enthusiasm to study as doing more isn’t rewarded.
World
“Fact remains everyone and his dog is avoiding buying this share with a barge pole
otherwise the price would rise wouldn't it?”
I don’t mean to be impertinent, but why do novice traders always assume a share price has fallen because of heavy selling. I’ve seen Centrica fall ten percent in a day when there have been three buys for every sell.
Irrespective of buys and sells the price is determined by the whim of MM scum. Nothing Else Matters.
What happens to the excess shares you may ask?
All MMs have a broker arm attached which are used to absorb the surplus, they manipulate the price so their broker arms can make a killing at a future date.
So there you have it - that’s how markets really work. In truth UK markets are a morass of deception and insider trading.
Would you go in a casino that was allowed to choose its own cards and pick its own roulette numbers, so it could never lose?
Because that’s what you’re doing trading the ftse.
Hopefully Corbyn will win the election and annihilate these horrible parasites that are raping uk investors. We live in a country where the deck is stacked in favor of billionaires and cheats, and if you want uk stock markets to stagnate for another 20 years and for human scum to grow richer, you know which way to vote - and what you’re voting for. The Uk need a generation of hardcore socialism to eradicate the scum who own our country lock stock and barrel.
Toff,
Stop wasting your time, no fraud or manipulation here. Just plain trading of a share that has not been defended by the company. Blame Conn but don’t waste your time with MMs.
If you really want to do something, get a £500 million loan and use it to place an order to buy 625 million shares at 80p......if it gets filled then you should be worried.
The Dow is not a real measure of the U.S. economy you really have to look at the S AND P 500, to get a real better view.
FTSE has now really just become another USD index just as gold has become a USD strength / weakness indicator. Just about all the top divi paying stocks in the FTSE 100 that pay 3 or 4 divis a year pay in USD.
Due to low interest rates the chase for yield has become another holy grail for the pensioners, just as moving into stocks has become a way to pay for pensions that the system cannot afford, I think the whole thing is running out of steam, yields are rising due to prices falling which is dragging in people who (wrong in my view) chase yield.
I do think that the stock market has had its day, the 80s boom and then the investment into it as an alternative to safely putting money into a bank and getting interest has gone, the next time bomb that is being primed and used is the EQUITY RELEASE BOMB, this no doubt will open up another miss selling scandal and / or use money that should be able to be used tomorrow to be squandered today to keep the financial machine churning ever onward devouring all in its path.
Corbyn has nothing to do with the price of this share...It is unfortunately down to the dreadful Iain Conn. Conn has taken this company down the pan and as a shareholder i see this as overpriced looking at the current financials...What a dreadful dreadful investment for me and many others. Upgrades by brokers is absolutely meaningless...no different from estate agents showing people round a house that they are trying to sell.
Blaming MMs for a flatlining FTSE is right up there with shape-shifting lizards and tinfoil hats. There is zero credible evidence for it. The FTSE has been flat for 20 years because Britain is Japanizing, a post-empire zombie economy.
Corbachev wants 70% income tax theft, state theft of private businesses, state theft of second family homes, and trillions of debt to buy red votes. The GBP and FTSE will collapse, as will CNA. Look at the Venezuela stockmarket, for example, which has collapsed -85% in 2 years.
Skier
There’s a set of laws in place to protect shareholders from nationalization. The government cannot lowball investors. Investors have to be paid realistic value. Which would be about double what it is today.
While the Dow has risen from 10,000 to 27,000 the FtSe has risen from 6900 to 7300 in the past 20 years.
That tells me that the market makers scum who value are stocks and provide trading liquidity are far worse than any form of nationalization.
Part of a fairer society would be removing the human scum who predate over the U.K. stock market. If Corbyn does win the election expect the ftse to rapidly rise to 10,000 and nationalized companies to double in market value.
Or do you want more of the same. Trump, Johnson and shareholders getting financially raped by their ilk?
I will be highly surprised if Corbyn get's #10 as most reviews / feedback is negative towards him ( Even without all the fake news and slander, which is rife and plentiful ).
It's Boris's to lose, although I would not put it past the idiot to lose his nose from his face !
Good luck with that...
Folks have been shouting MM conspiracies for 30 years or more. Nothing ever gets done.
CNA is tumbling today because Corbachev is on the brink of No.10 (hung parliament) and he will destroy the energy sector, in his quest for a communist utopia where the government runs everything with a free magic money tree.