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I posted as long as I was positive regarding Ocado. Extraordinary events unfolding worldwide prompted me to re-evaluate. Still very interested in Ocado and may well reinvest at a later date.
A bit odd Valueplay that after all your posts promoting OCDO you sold out without mentioning it.
Yes wolfofwarks, an extraordinarily tough current worldwide retail environment that could remain in place for a considerable time.
I would think the Ocado management are currently thinking of out of the box ideas to fightback. Partnerships with other tech companies, a large new external finance investor, selling part of the company etc.
Given the strength of the wind against them they need to look at strategy changes. Many things are very positive for the company but they are totally eclipsed currently..
@SFH yes i completely get that, i get a bit of obsessed with charts as fundementals arent really my thing, so you have to adapt your thinking all the time. if its any consilation i have been in your situation many times and worse, ive lost big in the past with AIm shares XEL, VOG and YELL, at least with Ocado you should just be able to sit it out and the boss has to perform to get his bonus, im very sure you will be OK in the long run as all is not lost.
@Boyo, games where getting played today especially in the fisrt 2 hours, sure S&P isnt the whole story but definitely gave momentum to that downwards shift. Im OK with price atm, if we hold this its showing some strength, a double bottom would be a real test but i would rather see a progressive move up from here. lets see what tomorrow brings
I’ve come to the conclusion that until Ocado works out how to make money it’s uninvestable at the moment, especially in the current macro conditions.
Fair play SFH. Personally I have been pro Ocado for many years. Still very much like the company but a toxic ****tail of worldwide events has taken over and put this share into an extreme dip. You are judging it best to hold and you may be right in the long run. Ocados tech is excellent and Re:imagined greatly improved it.
We all have our views that we express here but ultimately it's up to ourselves alone to decide where and when to invest.
Yes, of course. While I appreciate your efforts in explaining what's going on, I also keep in mind that Boris Johnson famously wrote two diametrically opposing editorial pieces about the pros and cons of Brexit before he decided which side he'd be on, so that it was ready to publish immediate once he'd made up his mind. Since he made his decision to support Brexit he's had to shift and shuffle his justifications on an almost daily basis because fundamentally his methods of assessment are flawed and not truly related to Brexit but to his political career. Something similar happened here too a few months ago, when Valueplay daily apprised us of the fantastic benefits of Ocado's Re:Imagined tech launch, encouraging us all to have faith that all would be well. He then sold his Ocado entire holding at the beginning of this month. He didn't announce it until about an hour ago, though.
So, y'know, I hope you'll forgive me if I'm rather cynical of those who state one thing and do another, or who constantly shift their own narrative goalposts to suit a situation they hadn't anticipated or had explicitly stated the opposite of.
@SFH if its any concilation imo opinion it is the war that is causing this, its not a coincidence that with Mariupol surrender and agreement was 4 days ago, the US S&P500 rose, it stayed above the support level 3996 till today, since last night they have both declared the war is not over and or no sieze fire.
Im not aware of any other major US data being released today but i stand to be corrected by anyone here that knows? News can change everyday so try to not focus on the price, if not sell some and buy back again later, as others have said trading it can be a great way help your average.
Nope. Thought not.
"for what its worth i see this pulling back by the end of the day"
Could be an exciting last 15 minutes, then.
No need to wait for end of day - as soon as this dropped below the dashed line and back towards my buy point I was out: https://invst.ly/y5uab
Volumes (at bottom of chart) not high (if investing.com's data is correct)
The technical term for OCDO is 'basket case' .....(big laugh emoji)
Very much a gambler's share as far as I'm concerned.
for what its worth i see this pulling back by the end of the day, these steep drops and rises back to same levels are the buy sell zones of the ii bank's, games being played releaving the pi's of their shares, can makea fortune trading these swings if you get your timing right.
Im not a day trader to much head ache for me and have to many shares to watch, i prefer to swing trade on the monthly cycles, with the odd spread bet chucked into the mix for fun.
Look forward to your end of day chart and your assemesment of the day ))
Wrong direction this morning, does not look good:
https://invst.ly/y5smo
Less risky prospects elsewhere methinks.
Have you retook a position yet Boyo?
Yes - doubled up today, actually. However, do not read that as a recommendation - it's very much a speculative move because of the fragility that others have discussed and the general level of market uncertainty
Regarding OWLS comments about day-trading: I wonder what evidence he has for '90% of day traders losing money'?
@Owls who say's we are day trading? ive not sold a share here yet and wont till i make some profit at 10.50 upwards, thats how confident i am its not far away. You can even just base your trades on the MACD and volume and you wont go far wrong, MACD is only now starting to turn upwards on the daily chart, plenty of days left in this move yet.
@Boyo nice write up there and well spotted mapping over to before the big drop. imo we had fill order zone at around £8, someone dumped a fair few and trigger the stop losses, normal tactic of the ii's bank smash and grab some cheap shares before a move up again, as you seen they where mopped up in no time. I always try to check the volume against and actual candle size and will give you an idea as the orders go through if they are big single orders. Have you retook a position yet Boyo?
Just follow the 200 day SMA, you'll be able to make 10 - 20% per annum without having to spend all day glued to your computer. Daily movements are just noise, remember 90% of day traders lose money.
Perhaps Jörn Rausing is buying?
Greatly appreciated, thank you.
@SFH buddy you may as well give up trading if you just look at the share price... trading psychology is half the battle when investing, try to read between the lines on what the smart money is doing. ive just spent 5 minutes doing youa chart and im to late haha but look at this the one on the left is now and the one on the right is before the big rise, the choppy movement in tight range nearly always means accumulation, its a give away.
https://imgbb.com/
The SP is down another 1.5%, that's all we need to know.
someones filling their boots sub 8.00p, looks like an accumualtion zone to me before the next leg up. Can see this pulling back a bit towards close closer to opening price, a red day is expected imo, still got 8.25-8.30 gap to fill yet...