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Fleecy
“It's a pointless exercise guessing the short term direction of a stock,”
But anyone who guessed Vodafone & BT were going to remain in the doldrums long term and become textbook bears in a bull market would have been correct. I think I’m right in saying both stocks are lower now with the ftse at 8200 than when the index fell below 5000 when covid hit home.
Telecoms have been an appalling investment over the past few years. Even a tracker would have outperformed them by about 30 percent, and that requires no active participation. The worse thing about backing losers is you not only lose money from your losses, you also lose money from backing the stocks which have risen.
Which is just about everything apart from telecoms.
It's a pointless exercise guessing the short term direction of a stock, which is why I don't play the guessing game on the Vodafone page. Disregarding the class action, I think it's safe to assume that BT is reasonably close to the bottom and is unlikely to see significant large long term price drops below £1, so in my opinion the current price is probably a reasonably safe area to consider investing; That said, I'd wait until the result of the class action lawsuit is in before considering buying more BT stock, since should BT lose then the price would likely take a hit and dip into the 90p to 100p range for a time. I'd suggest the shorters are currently betting on the class action result, should BT win I'd expect the short positions to be closed in short order and see BT's share price spike upward.
No opinions is wrong until it plays out before you can confirm it's right or wrong. If you were right by buying in, you wouldn't have been sat at a loss which means at present, you would be wrong with your chosen buy price since your at a loss. My opinion is that, this has further to drop. Savage highlighted upcoming macro factors is going to push the price down further. Short rising gradually is betting further downside plus cost increase and large labour force yet to be baked into the accounts likely to affect profitability. Short to medium term I see 80pish imho which I'm waiting for
You have your opinion, but are wrong!
Clued
“Just curious, who were the operators ?”
When you’re in a trading environment it’s not uncommon to get unsolicited propositions via word of mouth. I know enough to identify these paid flunkies ramping no hoper stocks just by reading a post or two. Almost always obscure small caps, which are about to become the best thing since sliced bread. Remember, if they had money of their own, they wouldn’t be selling stock to finance their operations.
From my experience, the type of people who do it are losers and washouts, and very unconvincing. If they had any talent they could make much more money playing straight.
"...increase in cost to account for infrastructure spend. "
Well... i guess receiving £275m for BT Tower will go towards any of that
ToffA, "I’ve been offered paid ramping of no hoper companies by unscrupulous operators."
Just curious, who were the operators ?
With excess staff, increase in cost to account for infrastructure spend. Trading update to come for me is worse is yet to come imho.
Trading update will be positive, no way this is going 80 pence!
So we're expecting share price to be well below £1 next week. Imho may take few trading updates before we can confirm the cost is controlled. Could see 70 to 80p in short to medium term imho
That's right AimMaster... Next week is going to be turbulent with shorters out in force imo. With UBS and others pushing their downgrade of BT it won't be immune from pressure but... I see value in buying more BT on dips for mid-long term hold... I believe it's going to not only going to prove resilient but will even grow with the insatiable demand for high speed data & services, FTTP & 5G.
@bigtimebilly
https://www.fool.co.uk/2024/05/03/heres-where-i-see-the-bt-share-price-ending-2024/
Abject
Deceptive ramping is relevant to every one of these boards. And posters should be made aware of its existence and learn to root out the offenders.
I have seen people lose tens of thousands of pounds on junk stocks on these boards through rogue manipulators.
To my knowledge there is no such activity on this board.
No Chance. My feeling is 1.30p by the end of May.
Hi toff
I have no comment on other boards.
Please do not add to convoluted and misguided messages here where you and others are inadvertently linking Bt group stock to the experiences you and or others feel in other boards or how you or others feel toward other stocks.
Bt is a stock in its own right. Your opinions should be solely on Bt group and independent of other views, to the benefit of Bt board members
Poker
“fabricated lies to push prices up further and further, bringing in sucker buyers who are then saddled with the most risk and potential losses from overpaying , having been mislead about the situation,.... “
Absolutely. And these boards are loaded with dubious posters who ramp mostly small cap companies that have little hope of survival.
I’ve been offered paid ramping of no hoper companies by unscrupulous operators.
Something I would never do.
" What I am against is rogue hedge funds that target perfectly good companies with fabricated lies to drive the SP down while simultaneously shorting."
Yes, indeed so Toff.... and if you are a non-holder you watch it happen and see if you can buy low down on ths back of their work
But, ..........you also get that, at the other end in a different form
....fabricated lies to push prices up further and further, bringing in sucker buyers who are then saddled with the most risk and potential losses from overpaying , having been mislead about the situation,.... this time, those holding let it happen hoping they too will find suckers to sell to and take the most profit
Everything that happens at the short end, happens at the long end.... often by the same people wearing different hats
Https://www.fool.co.uk/2024/05/03/heres-where-i-see-the-bt-share-price-ending-2024/
Savage_KeyboardR:
'Some Macro's are going to coincide next week which I see pulling down a number of LSE stocks... UK House price, construction and Internet retail results, is going to make contact with a Tory party digging in and BoE holding rates... I think it's going to cause mayhem as holders begin to really understand the true depths of the UK's woes. Shorters are going to be out in force making a stack of money on driving some vulnerable equities into the ground. All imo DYOR.'
Mustn’t forget that shorters are also buyers, the only difference is that they do it in reverse. Sell now - buy later. And in the event of any positive news a heavily shorted stock soars, far more than one which isn’t, on short covering. Paradoxically buyers also sell, so in a manner of speaking they also short by selling. Too much paranoia and ignorance about shorting from those who don’t understand market dynamics.
What I am against is rogue hedge funds that target perfectly good companies with fabricated lies to drive the SP down while simultaneously shorting. Case in point - the boiler room operation Shadowfall’s persistent trashing of Darktrace while shorting the stock. I can’t see how that can be allowed, it should be outlawed by the toothless fairy that calls itself the FCA.
Here’s hoping Shadowfall and their boiler room acolytes got ruined by their vicious Darktrace shorting crusade.
" should the price drop below £1 then you can be sure it'll pull in a lot of buyers "
Fleccy
If there is "chaos" and "turbulance" as was the scenario Savage was indicating then ...as always.... the City and many others would be cautious ...and the Bears within the Investment banks take a lead over the Bulls..
The Bulls tend to let the Bears take the lead , in such scenarios...and let them do the heavy lifting to then make the price cheaper for them,
Why would you pay more than you need to when you know the Bears are going to give you a helping hand ??
In such scenarios the sense of "undervalued" doesnt really come into it...what does is the mere chance of getting in cheaper, thanks to the Bears working with the external market chaos and turbulence
Trust me... All these Hedge funders who are short on BT will pay these guys to bring more negative news. You will see downgrade after downgrade by the brokers too.. Only when they booked their huge profit probably around 90p, they will start to go positive on BT. Unfortunately, this will happen at some point ! On the top, BT not going to behave oppositely when huge correction happens soon. FTSE at 8200....when something goes up too high, it has to fall at some point...
Good luck!
If dividend is kept the same but still share price keeps dropping to below £1 then I would sell either all of itv or centrica and pile in, bt has a higher dividend of .077 against.05 and .04🙏🏽
"Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro"
That tells you all you need to know about Mutley Fool. Absolute clowns a d bull5hitters. Anyone ever taking their advice deserves to lose their money.
Same guy, in JANUARY........
https://www.fool.co.uk/2024/01/16/why-buying-bt-shares-now-could-be-like-buying-a-1-coin-for-50p/