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That one day is so far away lol
Maybe next year
That’s
I bought a tranche at 45 on 13-Oct and am ready to dive in again at 40 or below if there is an opportunity to do so. Time will tell. The recent performance of BOO shows that sentiment about a share can change very quickly and I believe it will be BWNG's turn one day.
BWNG seems to be bouncing a bit today although the stock is always fairly volatile.
Anyway added a few at 43.83p, time will tell if that was wise addition.
Welcome to my block list, you talk utter nonsense.
I had a look at ownership yesterday. Its not shorts pushing the price down, its some ii's closing their long positions. Once they have closed, hopefully we get some new pm's buying given the cheap valuation.
Took my own advice and just went long.
Surprised this is underperforming so much the wider sector today. Might be a buy a good buy.
Arnold
If you are leveraged short on Nasdaq, you are betting that, in response to inflation, the FED will raise interest rates sooner rather than later, leading to a correction in tech stocks. I would love to see the Nasdaq fall, because I have had a buy order for QQQM since June; and waiting for the correction has been like waiting for Godot!
But the FED has limited room to increase interest rates, given the impact that this would have on the finances of the US government. Therefore, we are probably going to see more inflation. If you are working in natgas trading then you are well placed to observe the impact on price of supply imbalances. The oil & gas shares are unlikely to participate in the “massive correction”!
Assuming that inflation will be more that “transitory”, it remains to be seen what impact this has on stocks. Arguably, the overall impact on stocks, as an inflation hedge, could be positive. I understand your point that inflation could affect retail and supply chain dependent companies disproportionately, but as I said before much of this risk has perhaps already been factored into the price.
This cat don't bounce it just goes splat!
Sorry for being doom and gloom. Ill stop posting. GL
I think a massive correction is on the cards for equities globally. I work in natgas trading and the market is structurally tight until 2023 possibly further out, so I see energy prices remaining significantly elevated, leading to longer term inflation problems.
What we are currently seeing is rotation out of sectors least able to pass on higher input costs. Demand for retail goods is highly elastic.
Arnold,
I have re-read your recent posts and entirely respect your point of view. If you are leveraged short on Nasdaq, it’s understandable that you are disposed to be gloomy. You have been right on BOO and ASOS, but perhaps the known macro headwinds are now priced into these and similar shares, like BWNG. Anyway, I am going to accumulate BWNG at 40-45, in the belief that the time to buy is when others are fearful. I may be proved wrong, but after the reasonably encouraging market update I am not expecting any seriously nasty surprises between now and year end.
Sorry if im overly gloomy to everyone else, i appreciate its frustrating when someone is negative when you hold.
Not sure why you think I'm making losses, read my posts, I was calling these on some of the other boards weeks ago.
I'm leveraged short Nasdaq on expectation of rates rising quicker than expected impacting high multiple stocks, long energy and have been short ASOS.
I think there is money to be made here but not yet.
Bought back some shares I sold at a price above 52p at a far more reasonable 47.09p.
There are clearly risks with BWNG, but it does appear to be making headway....
This might be offset by increased earning from credit facilities of customers.
Another negative angle here is that if you expect higher interest rates, then you will also be charging higher rates to customers to borrow (N-Brown) which will likely also reduce the demand for your products.
So you have margin compression from higher input costs plus lower consumer demand.
Ignore CHRI55 he talks rubbish.
In the report they also state :-
"JDW have approached Allianz and proposed an ADR process."
where ADR I believe stands for Alternative Dispute Resolution, so there has to be a reasonable chance that this may never go to court and the come to an agreement outside court.
Chris. The Court decided in June that the trial originally scheduled for March 2022 would be cancelled. A trial will not take place until very late 2022 or possible early 2023. (Source: N Brown’s latest HY Results, page 39).
What makes you think that there will be a Court case in March?
US markets futures are -ve and a lot stocks on my watch list looking -ve at the moment .
https://www.cnbc.com/pre-markets/
It was trading over 300 whilst ppi cases were ongoing.
The business is in a much stronger position now and the total exposure is around the same.
No need to be scared. If you are then sell. Simple.