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Interesting levelling off now despite sells exceeding buys.
markets are volatile and that helps CMCX ,nice
Agreed Gordo, while It looks like we're on a support line it also looked like that at about 280 a month or two ago. I've averaged down since £5ish and it looks like I'm chasing the White Whale here, but when the reversal comes I'll be more than ready for it. The trick is not to let go of the harpoon.
If the fate of the CMCX sp is mainly hinged on people working from home then the outlook is bleak.
it's 1% up.
Of course I could be wrong, i'd be an idiot if I thought I was right all the time. Like i said it's just my opinion that this continues to go down to 200 and below over the next 2-3 months.
Yea Gord had one of my posts removed
The truth HURTS!
Defo
As I said last week which Gordo had removed
When people are sat at home again they will be gambling on the markets (investing)
Working from home should significantly boost profits again here
So gordo- why is this share not sinking?
Perhaps you are wrong?
This share is not about “money on the table”
It’s about turbulence and volatility clearly!
Gord
Have you any share in this company ?
@Clued, 2022 is 12 months long, so it's quite possible that people are waiting for better levels before getting in. There's still a lot of uncertainty around the equity markets which is keeping money off the table here.
Also CPI doesn't account for much of what true inflation actually is. Building materials a good example which are up in the top double digit %. Also banks don't increase rates to counter inflation, the central bank does which forces banks to do so too. Nothing wrong with holding this long term as it will come good, but it will continue to sell off before it goes back to the 270ish level.
Hi contrarian, I'm not looking where to run and hide and I remain near fully invested in over 20 stocks with avg div of 4%. JPMorgan also is optimistic re 2022 stock markets, especially Asia, Europe and UK, so not sure what you mean. A little inflation can be good even if banks also increase interest rates a little to counter inflation. The current price increases are largely driven by shortages and fuel increases and won't continue at the same high pace in 2022. Maybe your scenario relates to those with leveraged investments and other material debt ?
In my opinion yes, check my posts. They all have 'sell' as my opinion.
As @Contrarian123 mentioned, this is likely to keep dipping as the macro sell off takes place before we see reinvestment to companies with decent balance sheets, such as this. Chill your beans dude.
Make your mind up is this going under £2 or not !!!
Contrarian123 - absolutely correct, as I pointed out in my other posts the macro picture is what is driving this right now. Once money comes back on the table this should perform well.
There should be a little lag @Clued. At the moment everyone is thinking I suspect where to run and hide not where to invest. In terms of share price we have been scraping the support line for a few days. Once sentiment improves this will bounce.
Not into Dragonflies contrarian, but much of the reason for the sp drop here was cited as a loss of volatility. Well, Volatility is what we now have so why aren't the sellers who sold this babe not buying now ?!!!
There was what I believe it to be a little dragonfly doji yesterday which typically indicates a reversal when it appears at the bottom of a cycle. Not very strong. The more technically minded can inform
If these are not favourable conditions for CMC IG Plus500 etc etc I don't know what is. I have confidence in Cruddas steering the ship. Price is stabilising now
So Dow is selling again!
Tomorrow the ftse will follow like a dog on a leash- down she goes just like the daddy ordered.
So Cmcx, plus, IG are making a killing.
It’s incredible some here can’t see that?
Oh well, it’s not problem. All the best to holders!
into the 10th day since the big crash on this share now
bottom SP seems to be stable now and the chart is looking better for new interest hopefully looking to rise again GLA
isn't the Current volatile situation what needed for this type of companies to make profits? I think there will be plenty uncertainty still regarding the covid and world business offering plenty volatilities , especially Xmas is coming , many people will be sitting around to trade stocks etc.
Rates go up, risk comes off which will suppress equities, hence why I expect this to sell off here. Also will increase funding rates for retail traders, albeit not much...
Rates affect the whole markets, to say it has no exposure to rates is a little crazy. To reiterate my view, fully agree this is a great long term hold, but lack of volatility as risk comes and investors sit in cash for extended periods will see prices come down. Fully expect this to happen but that's just my educated guess. Of course I wish you good luck, just make sure you're buying these dips to average lower.
Hi gordo, yes the Macro status affects shares, but, as volatility increases and shares fall, shorting increases so cmcx will benefit. Also, without debt, cmcx will not be exposed to interest rate increases and its sp has already fallen substantially to a level which is lower than it shd be vis a vis profitability. JPMorgan forecast recently that FTSE100 will rise to 8100 next year though that was maybe generated pre-O variant knowledge, I realise cmcx is in FTSE 250. My avg is 277p and I'm holding as a LTH so good luck to all who hold. One possibility is that Lord Cruddas sells out and, if that's annnounced, the sp will blast off given how low it is.
Hey Clued, yeah I think maybe best to take a look at the macro picture here. Even when companies are financially sound it's common for them to sell off due to macro headwinds, in this instance risk is quite likely to come off the table over the next few months as the fed starts tapering and UK/US rates start increasing. Reduced inflation and a tightening of cheap cash means people will look to sell. Completely agree that this is a good buy in the long run, just not at these levels given everything else that's going on.