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I can see why you are not going long on anything. I would avoid buying green bananas if I were you :-)
Sums it up nicely Elliot, nice post IMHO. Cheers.
At last all the talkers have had a decent retort. Great to read and I have no doubt others will benefit from this.
I agree with most here and to put my “pennies” in... the patent issue has more than been priced in. Further falls might well come and I think due to vaccine chatter.
Ocdo could well fall further (vaccine) and those with shorts (honestly) I think it’s a good play, but for those who have held and those thinking of buying.....the future no doubt will see the growth potential of the company and you will be rewarded.
I think the issue with some of the aggression we sometimes see on this chat can be put down to the fact there are so many different types and cultures of investing.
We should respect that some choose to short and play the quick game and others are long term loyal investors.
The most important thing is we all get to hear everyone’s opinion and backed by evidence and fact not assumption and hook. Let’s keep it civil as I think we all stand to benefit.
Happy Friday friends.
Chilting, I too, and with divi equities hardly worth it if divi above 5%. But lose cash and opportunities that arise due to panic can be good like 740 at Ocado couldn’t be missed.
It was hard work when I first started fiddling with market when there was no email etc all we had was land line phone with 4 numbers to contact broker! I bought my first equity in 1961 when I was 21!
It has drifted but now is at a reasonable level.
Hard to predict when next news will be but they have the finance to make things happen if they feel something is right.
Nasdaq rising currently. Should help firm up support for a rise in share price.
Yes I agree this will drift until Ocado gets its legal issues out the way as it’s hands are tied at the moment.
It is news that moves OCDO share price, not trend lines.
Neil
Personally, I hate chopping and changing - it only gets the brokers rich.
Still each to their own - good luck.
Neil, your story shifts daily. Don't have to be Columbo to see the true picture.
Good luck to those invested. Volatility is part of technology stock investing. There's been an enormous amount of it over the years. Current times are nothing like as confronting as the period when Ocado was the most shorted stock on the FTSE with no contracts forthcoming despite them promising one. The period of the warehouse fire was very dicey.
We can't foresee price moves or time everything correctly but we can make a judgement and have a strategy. For me it's a hold as it has been for the past 3 years.
Why didn't others buy into Ocado in March this year when the share was ÂŁ10 - Madness.
What makes you think they didn’t ))))))))) I have no loyalty to equities, I buy with profits and sell to lock in more. Iv lost count how many times Iv exchanged Ocado!! Only the accountant knows how many times Iv bought and sold different equities over the decades!!! Loyalty to one single equity and longevity for such volatility is tantamount to insanity.
Fair enough chilting.
Personally I see ripe conditions for Ocado's share price to rebuild from here. It's easily forgotten that it has still done fabulously well this year. Share price could drift but equally could rise. As we both have suggested, a new overseas contract could turn up any day.
Valueplay
These trend lines do matter - in the example I gave AHT simply gave a hint that their growth could slow and that knocked them back.
Ocado's problem with patents could do the same damage, so it is important now that we get good news quickly so that the momentum we have seen this year is maintained, otherwise the SP could drift and it will take an extended period to get back towards ÂŁ30.
Why didn't others buy into Ocado in March this year when the share was ÂŁ10 - Madness.
Only question here is why didn’t holders sell at £29.00? Madness not to take profit and get back in later.
You don't need to look at a trend line to understand what's happening at Ocado. Ocado have huge financial reserves available. Their existing customers look to be ramping up their demands on Ocado hugely. New partners will be near and taken on when capacity allows.
You took short term views on Ocado in July and are doing so again.
Patience here will repay.
No, I don't agree - long term trendlines are very important.
Take a look at this 5 year chart from AHT - they had bad news in October 2018 and the SP fell below the trend line - it took over a year for the SP to recover and it didn't fully recover until February 2020.
https://www.lse.co.uk/ShareChart.asp?sharechart=AHT&share=Ashtead-Group.
You're looking short term. Always has been big daily/weekly/monthly fluctuations re Ocado's share price Patience over the longer term has and will be rewarded by Ocado time and again.
The valuation is much more punchy now - hence the need not to slip too low and loose momentum. - there is no problem with flatlining but falling lower than the long term rising trend line is an issue.
Ocado has delivered time and time again over the years. There have been periods of quiet, declining share price but that has been wiped away by progress before.
Conditions for Ocado are as good as ever. Online grocery expanding at its greatest rate ever and predicted to grow even quicker. Technology companies benefitting from ultra low interest rates now and in the predicted several years ahead.
Ocado rewards a patient investor. It's off its highs but it can easily get back to the lofty heights..
It seems that the leap to 2895 was when the SP went into overbought territory - we need to see Ocado recovering to around the 2450 mark over the next week or so because at 2330 its falling below the underlying rising trend line.
Ocado like other tech stocks can't escape negative market conditions. You will win sometimes Oracle. Please keep shorting..
Gosh this is really great fun