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Listen to yourself. When they relist on the NASDAQ 600p will be firmly in the rearview mirror. Good luck with your short, sounds like you're getting twitchy.
SP is still far too high. Needs to start with a two.
Ocado only posts losses, so the only value it has it in its technology, maybe, if its of interest, which it looks like its not.
Seems like heading towards penny stocks status just like typical FTSe perceived growth stock. The like of ASOS, Micro focus, Capita , collapsed Carrillion. Poor PI buying and holding at all time high, which never recover. Bad management where expect the CEO to bail in a year time after the chairman. Usually a lousy chairman buying is a sign of desperation. He probably get his money back with some deal with the CEO.
400p seems Bridge too far.
500p seems Dreamland
600 p living in parallel universe.
Sub 300p will be good for day trade or short term trading. Never keep this stock for long as the trend is towards penny stocks with debts and cash burnt. Only dismal hope some company buys the cfc tech for cheap.
Ocado could as always move higher sharply at any point on news of a big contract win or similar.
Looking however at the slowing of the new contract sign ups, the issues within their current major contracts it points to me that demand for their tech is slowing considerably. Costs are ramping up, without new CFC orders the equation starts to break down heavily to the negative side. Large losses are still being reported currently.
Holding optimistically, hoping for upside is a common trait amongst longs of this share. So much value has been presented as the cracks have appeared. Still more value for shorts here IMO.
Come on Valueplay, you know better than anyone how quickly the SP can respond here with just the whiff of good news and it could come at any time.
I admit though it is necessary to be an optimist to hold OCDO at the moment, personally I am still content to hold, especially as I have no outside pressure to sell.
HSBC cuts Ocado price target to 285 (370) pence - 'reduce'
PI,
The information I have provided on CFCs is factual. I have been posting my bearish findings re Ocado on this board for 2 years since I uncovered flaws within the company via my research. Posting on the board is useful as I can then discuss the issues with other informed posters. So much dross posted on here without any thought/research behind it but there's also some enlightened posters who it's useful to engage with to sharpen my outlook/findings re the company.
The same flaws I have previously outlined are still there for informed investors to see.
Short currently is an obvious position to take re this company, as it has been over the last 2 years.
HSBC broker rating only underlines the reason why OCDO should move their listing Stateside. It's coming, along with a fair valuation for the GROUP (that is Technology and Retail).
Retail results in 2 days and despite the upbeat general comments on market share etc. I suspect they won't excite. That downgrade comes 'right on cue' as you say Giovanni. With the SP currently being fragile and my belief from a technical perspective that we'll see 350 or below.. I've closed out the rest of my position at b/e. Good luck everyone holding
HSBC right on cue with a downgrade to 285 today after recent rise to resistance line
Profits were taken at 380 yesterday. This will be shorter back down to 345 level.
Sounds like someone who’s just sold his shares. Everyone has their own strategies, personally I think at these levels you can’t go wrong with a LTH.
The train is arriving soon and once it leaves there’s no getting back on it.
Disagree. Mad to short at these levels.
DCB as expected. Short when there are spikes as sp uptrend is very weak. Accum only at sub 330p. Shorters paradise. Short if reach 391 level again. 400p is now a major struggle. Make more by shorting this stock. Not seeing and surge in buying indicating down trend to 350p expected. Badly run company by CEO Steiner , keep bleeding money profusely for 20+ years. Cash flow is a major issue soon.
VP....ramping means providing dishonest advice in order to ramp a share and benefit financially. I support PI's with news and information.
In conjunction you cannot move the SP of a FTSE100 with information on here...you are a fool if you think otherwise....your disingenuous information on CFC's has zero impact on the SP.
Good luck with your short....you are going to need it......I do not believe a word you relay regarding your price action......strange you are continually repeating the same nonsense on a daily basis if you are doing sooooo welll!
Look forward to hearing all about M&S and CFC's again and again as you get burnt further....it will be the key sign you are getting more desperate. Good Luck to PI's.
Shorters have alot of factors going against them if they're still hoping for more of a drop from this level. Could easily see all profits erased and pretty quickly.
Good luck VP, 2 sides to the coin. You've done well so far. I wouldn't say I'm gagging to see you continue to do well from here, but good work so far.
Had the short in place since £9.76 so no not feeling the heat. Took profits when it hit the low £5s but still have a short position in place. Never possible to time things perfectly but happy with how things have gone. Small blips upwards for Ocado but I still believe the downwards retracement will continue over time.
PI, you just repeat the same rampings. I'll stay around, always interested in the value Ocado gives.
Direct link: https://www.ocadogroup.com/our-business/osp-partners/
Good summary of Ocado's Global reach in link below.
https://twitter.com/OcadoGroup/status/1749378509368148298/photo/1
VP....hows your short doing??? Feeling the heat???
True to form you are on constant repeat regarding M&S and CFC's....have you any NEW negative news for us???
Please stay on here as the SP re-rates...... Sainsburys results Thursday......and AGM Monday (hopefully some hot news on a feasibility study on the merits of transitioning to the States)
Then near team Kroger update early May and M&S late May. GLA.
You did the right thing RP, that's all that matters.
@Stupmy - I honestly can't remember who actually posted the advise.
BUT I asked where we were heading after I bought thinking is was recovering the last time it rose and then it started falling again and someone advised - That if this falls below £6 its going WAY lower'.
That is what made me take a small loss and sell :)
So who ever it was THANK YOU.
You got the break
Marks are disputing the facts of the over expansion sign off.
Dispute ongoing, law courts possible.