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With regards Italy.....as we know there are bulls and bears .....the bears use situtaions like Italy budget to suggest reasons why things could go terribly if the bedget fails...that is the way bears work
These things cause sells as investors think they will then be able to buy back cheaper as the "risk" has increased
You know as well as me that this scenario is very common...It happens every time the US Govt debates raising their debt level or threatens to close down Govt unless more debt is passed...
Of course ..you and me ..may well...look through it all and say ...yeah,yeah,yeah ...suabble,squabble,squabble..but everything will sort itself out
But...the market ..takes one day at a time and works out "risk" based on that day events ...so Italy risk is increased..before it is decreased again...
I merely mention Italy budget because that...without doubt ...is effecting this weeks market with European shares ...and whilst VOD is listed in London...it is ...a European share ...in all fairness
Italian Populists want to help the poor ...sure...why the poor voted for them....but same old story..they dont have the money and they need to borrow it... most of these poorer folk may well be the ones who abandoned VOD in droves in Italy for the cheaper newcomer
It is important that Italy keeps its budget debt fairly tight ...if everyone just spends,spends,spends..what they dont have...we are heading for a disaster...for sure ..the spending has to improve productivity....not somehing Italy has been that good at ...
Blackrock, vanguard, mutual and pension funds are in the market buying stocks for their income funds constantly. Do you think they want to pay more? Income funds only care about the yield as they will never sell up so they buy in big blocks off exchange. I guess the big brokers and MMs need retail traders to step up demand.
"...Earlier, shares across most of Europe has been boosted as local reports in Italy suggested the coalition government was going to blink first in its potential debt stand-off with Brussels..."
Pokerchips - Your recent posts on Italy have coincided with a doomsday email I received last month from those organisations proclaiming we're all gpoing to die in our beds unless we buy gold and head for the hills, barricade ourselves in a country bunker loaded up with canned foods and 12 bore shotguns.
Paid it no attention as been gettiing them for years now, each time doomsday keeps being put further back (That Rich Dad/ Poor Dad, author was proclaiming a crash last October 2017 to March 2018).
Now, the latest is October - and the catalyst they reckon will be - wait for it .......Italy! - And they say it will bring down the European banks by defaulting, a worldwide crash, war, and we all die in pour beds, you know the routine LOL
Think you posted that the decision is on the 15th October.
So 12 days left before financial Armeggedon. Don't have any physical gold. (0My brother-in-law does, and he lives in the country, and he has a collection of 12 bore shotguns (must have been holding out on me, as he told me that was an underground cesspit he was building).
Wonder if I get let off the hook if I have shares in a gold miner instread :) ?
You've mentioned Italy a couple of times now. So have you made a study of Italy's predicament?
Thanks for you clearing than one up, good posts from you! but 4 on the trot, Last call comes to mind. I am joking of course. Keep them coming. Mrd. sometimes the sp falls at end of the day, but other times it rises. After 14 years have you still not got that? I guess there is a tendency for investors to take a profit at the end of the day, perhaps?
Earlier, shares across most of Europe has been boosted as local reports in Italy suggested the coalition government was going to blink first in its potential debt stand-off with Brussels.
Later, economy minister Giovanni Tria confirmed that the government now plans to cut the budget deficit in 2020 and 2021, after letting it rise in 2019, probably to 2.4% of national output. Speaking in Rome, Tria said: "The deficit will increase compared with the previous forecast in 2019, but then there will be a gradual reduction in the following years."
This news has come as a mild relief for markets, said Craig Erlam, market analyst at Oanda, enough for the FTSE MIB to pare some losses and Italian yields to drop slightly, "but it's still higher than investors are clearly comfortable with".
He added: "This leaves the Italian government on a collision course with Brussels, something I have no doubt they will relish given the eurosceptic views they hold and the opportunity it presents to cast them as unelected and unaccountable dictators seeking to prevent them following the will of the voters.
The constant claims about how much better off Italy could be outside the euro - with yesterday's claims on its own currency solving most problems being the latest - are clearly an attempt to sway public opinion and the budget presents an ideal opportunity to continue these efforts."
Before the market opens at 8am there is a 15 minute trading which you have to pay to be part of ..some brokers offer pre market trading ...as such..it doesnt matter if the UT was red or blue ...the pre market trading sets up the morning open ...which is why the opening price isnt exactly the same as the closing price the previous night Yesterday VOD closed at 159.88p but opened at 160.80p ..after market and pre market trading going on...
Yesterday I believe VOD fell because of the Italian budget fear....today that situation eased ..and VOD did better If the Italian budget gets messy that will effect Italy and maybe Germany and other EU countries.. It would also set a precedent for other populist Govts to throw out budget controls ...big implications VOD is big in Europe.. 17,673 trades today----26.7 billion shares in issue ...a bit big to manipulate I would have thought If you are close to the Italian news story with contacts then any news gets leaked before you know about it
I know what UT ffs I've been doing this 14 yrs. And I can Google. Last few days the UT has always been on the red side and share price opens from there and drops. Yesterday it was blue. Today it was blue. But way lower than the share price as was the case yesterday. So as much as I know what a UT trade is this is the pattern I've noticed.
1st. a lot of you banged on about mm's rigging the market, then you admit that's nonsense ( just frustration) Now its the U.S.A is shorting. If I could ban shorting vod shares I would, but I can't, so move on. It,s all part of the fast & furious computerised global stock market. Vod up 2.60 today, so stop moaning.
I have explained to him that once buyers are not falling over each other to buy a share at higher price then the only way is down. Big funds and banks don’t buy on the open market.........they trade via dark pool.
I cant see this doing much until the Q2 results and Read first result analysis and plans are received
That is basically what everyone is waiting for
The City has reset the SP and has said to Read
"Show us what you can do "
" Give us the reasons to back you "
Same thing happened at GSK
I would like to know if Read is making internal appointments and moving a few people ....freshening things up a bit..
The City would like that.... bring in one or two new faces to Senior level