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...every cloud lol
Yes, Credit Suisse could go the same way as SVB as depositors continue to withdraw large swathes of funds. Absolute bloodbath. One man's meat is another man's poison though so some opportunity this could be?
Due to Credit Suisse? Down over 20% in pre-market trading.
It is PIGPOG... I've never seen anything quite like it. Trying not to panic. I have zero confidence in the board of directors to issue an RNS that tries to calm the waters. They've probably got their heads in the sand. Someone at BARC needs to get a grip and make a statement otherwise the SP looks like it will continue to crash?
142
This is absolutely ridiculous it is crashing
bit of a depressing start to the day. Thought 147 might have been the bottom :(
144.5 is more of a bargain
At least we are getting some value on the buybacks....every cloud and all that
I lumped in early yesterday at 1.475. A bargain imho
Evening MrWolf,
No boots filled yet! Placed a limit order at 145.50p this morning but not quite reached.
In fairness after ripping the curtains off the pole, I have invested in some Venetian Blinds. I’ll take a peek at the price, look at the volume, look at the live FTSE 350 Banks index (FTNMX301010), US futures etc. Todays dead cat bounce was likely to happen and Good luck to all that have made money over the past couple of days. I want to see what happens for the remainder of the week to see if some true stability returns. If Friday shows as a red day and 150p is broken again, then that may finally prove to be my cue to place my ‘lump’. All in all, it still remains guesswork, gut feel and good luck for me. Still believe UK inflation has pretty much peaked which could be a catalyst for some upward movements next week.
Just my random thoughts. Regards, MrA
AngerSharkz - Go over to the Nano board and tell everyone what you know about the company to support your conclusion that it's rubbish. At least that company doesn't follow the general FTSE so closely and therefore is more immune to geopolitical instability.
Today's BARC recovery is very lethargic. It's because there are big falls to come.
Don't say you weren't warned.
I bought in yesterday morning - a day early! Never mind. Short of a Truss style budget tomorrow then hopefully we'll be back up pretty soon (although all eyes on Credit Suisse which really will start a domino collapse!)
Good to see CPI data did not come in hot. Would be surprised if that does not ensure the end of rate hikes (luckily for the banks). Should see a market rally now. For a bit. Well done to those who bought recently. 162p looks like first resistance. GLA.
Crikey FlyingHigher - will all this be before the asteroid hits us on Mothers day?
FlyingHigher - I respectfully disagree, and I have been in the "no recession" camp from day 1. However who knows what lerrking in the closet, who knew the run on SVB would happen, I mean some people probably knew what was happening. I think the SVB and others episode has been handled really well and quickly. I do agree with the US market stuck in a rut along with the recent breakout which failed on the S&P500. Stablity will come unless another closet door gets smashed open, once we get this month through. I put my money where my mouth is added at 148.80. I could be wrong and you could be right, but if were having the mother of all crashes, tell me all your money is now sat in GOLD?
Good afternoon - valid point.
One of which newbies / millennial's need to bare in mind . . . though some of us on here are old farts, seen many a crash.
One of which I was speculating to happen back in 2016 , delayed by Brexit, Q.E . . . covid loans, NATO provoking Putin ect.
There will always be a carrot in front of us donkeys.
As they say "The trend is your friend" CFD's work in both directions.
Must dash, wish you all well GLA
This is not oversold, it will go lower. Stay on the sidelines, a big crash is coming to the market.
The market has been midrange for too long and failed to break out repeatedly.
It has one way to go, which is down and back to well established support lines, but this crash will be massive.
It's the start of the US collapse and the end of US hegemony.
US alligned economies will see a collapse of their currencies and spiraling debts.
Housing markets will be in tatters with people forced to face the harsh reality of negative equity and a burst bubble.
@Triumph1 - "Who picked themselves a bargain over in the US yesterday?"
Only for a few seconds boss, the occasional few seconds and minute or two, before being aggressively gripped by the scruff and shown the door.
In fact yesterday was so good, from half past noon I identified myself as a dog, in a street full of new lamp posts.
Apart from the elephant on the screen, Barcs sub 150 . . . currently trying to turtle head its way out of 140's atm lol.
Though a quite rightly pointed out by others "Apples and Oranges" with our UK ring fencing. Which has been just as negative for the banks stats / balance sheets having to accumulate and sit on such reserves.
Only then for the BoE ((F'B Bailey) to insist on Barclays to tap into them reserves and throw them a fraudulent covid loans / wasting vast amounts of admin costs chasing bad money, whilst us share holders pick up the tab.
Personally Barclays should tell Bailey and the BoE to stick the fence up their ring, crack on and do what they do best, loan money to who ever they want, open up the Dark Pool again, pump up the share price to £5 ( we wish lol) and watch it all go to 541t again . . . by which time I would have trailing stop set from £2.50 and never look back lol
I hope your comment ages well, triumph1, but IMO it is a little early to say that. Again, I want to see how the US fares later today. Plus we have CPI data and some other important material in the next week or so too. Agree regarding Schwab. Thought about taking a small position yesterday, but trying not to burn through too much of my dry powder, because I think we are by no means out of the woods yet. IMO, if they continue hiking rates, this will increase the pressure and risks on the banking sector. If they pause or pivot, good luck getting inflation under some semblance of control. All roads lead to hell. Some routes may be more scenic. Not saying we will not come out the other side eventually, because we almost certainly will, but not before several more significant events in the stock market and probably the bond market at some point too. Which many of you will be aware is not only about three times the size of the stock market, but also where the 'smart' money is. Anyway, enough ramping from me for one day! GLA.
Who picked themselves a bargain over in the US yesterday? Crazy first hour.
First republic bank and charles schwab. First one not for the faint hearted, but the rewards could be huge if a fully fledged bank run doesnt occur (already starting to peter out), and Charles schwab....very odd why that dived so much. Their primary business is not even banking. All bank stocks are a steal. Especially some regionals in USA.
Morning Jay
You missed some action yesterday, my fur was statically charged on the Dow between not long after noon.
Those sneaking sods tried a hard to shake of the riders, though the momentum made it far easier and not too difficult to hold onto the rodeo bull lol.
Managed to snatch back quite a few decent attempts before getting stomped on.
FTSE trying hard to take a grip though the oilies now taking a touch concerning speculation.
Trust your polishing up your trigger finger for a subtle trend, no need on here with Barcs though, we could even see the Bulldozers steal a few more points before they move.
Lets not forget the Old School saying , “Sell in May and go away, and come on back on St. Leger's Day,” but over the decades it's been shortened to, “Sell in May and go away.”
Tech' put an end to them ole days .
US seemed pretty flat yesterday tbh, the FTSE seemed to take the brunt. But then the US never rallied with the same intensity as the FTSE in Jan/Feb. All eyes on CPI.
Morning Mr A - Have you filled your boots yet ? . . . The sheep on the other side of the pond have stopped bleating, took them long enough to settle down though ! Spied a few lambs getting fattened up recently, hence been throwing a few projectiles at the flock lol.
Mrs Wolf's got the oven ready and hopefully up to temperature in the next 48 hrs. . . unless as some like to point out 'The proverbial hitting the fan" again.
Just gutted, the only time I take my eye off the ball (Leave the den) we have some long awaited action.
Did even post its triangulating and looking to short at 174.
The bigs boys had this set up from the beginning of the month, blatantly obvious.
It doesn't take much to wipe off the the retail money, just above their averages.
None of us have a crystal ball and the charts are only an indication, market sentiment / hysteria is not always a bad thing.
Might have to send Mrs Wolf off to Cash Convertors with her collection of shiny stuff, if I've judged this one wrong lol
Regards W'