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Brushing off the popcorn machine this afternoon Smithy. Don’t know why , it’s like eating the cornflakes packet.....
Spot on Seaangler........ the board was getting a bit one track. Exactly the same thing happened on the ii Telecom Plus board when I came along and delivered bad news. That share has never recovered from its highs.
This board was getting the same, even I got a bit carried away, but came to my senses.
175p re-entry point is still more likely than the 400p for me I believe, probably around November when the real sell off happens and the FTSE 100 plummets to 5000, maybe lower after the Brexit disaster fully materialises in January 2021.
Bilbs. I think you’re actually looking at a Street-view image of your local village pond..... need some rain to shift the algae.
But you miss out on all the entertainment SP. You can’t get anything like this on the box unless it’s a repeat. Looking forward to the “Doomsday” episode in November and the “Told you so i , ii , iii , iv , v , etc.” daily episodes from therein after.....
On the other hand the whole screen is just a mass of blocked out green boxes....
Like good coffee the Ps filter works wonders - it also de-clutters the board wonderfully.
thank you for your valuable information now you can move to tesco and national grid forum
Just squeezing a last bit of profit before the real adjustment happens dsc1978
Managed to make 5% out of Lloyds Bank and Prudential the last week.
We are on the verge of the biggest global recession in recent times. Yes its going to be a bloodbath when the sell off happens.
We got very lucky being in Hydrogen, its masked a lot the last few months.
Not invested in much at all now. Tesco, National Grid and Primary Health Care and a few other small punts.
The real value will come in early 2021 after the full disaster of Brexit reveals itself.
That will be the second hammer blow after the November one.
PSmith predicting a bloodbath in November. Not sure why he's sitting on the sidelines waiting for it, a chance to buy quality companies right now to top-up the pension before then.
psmith64 - blood bath !!
I don't really mind your musings but feel the emotional language from an experienced investor is not helpful and just another example where it appears you are attempting to instil fear, rather than caution.
There's only one thing more precious than our time and that's what we spend it on.
A good response toneman.
To one of the other posters here, yes I do move with the times.
As well as long term holding recently disposed of, I couldn't help but make a bit extra via day trading a few shares in these weird times with ITM providing the best results.
It got so predictable for weeks on end it would have been daft not too.
When I log into my Hargreaves account on Monday I will check, but I easily carried out well over 150 trades across my SIPP, my ISA and my wife's SIPP and ISA.
I do still believe I will be buying back in at 175p or below, especially if there is no significant news before the results drop.
Although the trading update gave the gist of the results, when it's cast in stone that does tend to wake people up to the reality.
A company with a turnover of less than £ 5 million burning cash at £ 17 million per annum.
This really does expose just how far into the future the current SP is trading in what looks to be a very competitive market with some other worthy players out there.
Lets see what the next few months bring.
I will be happy with the speculative 175p a share or the 400p with a fuller order book.
I don't want the daily see saw ride at the moment especially as we enter the more critical time for the economy.
There is a certain blood bath coming up around November 2020, and those very new furlouged investors might just wish they had never clapped eyes on the stock market, its not like your normal Casino.
I will continue to add my musings. Some might thank me in a couple of months for taking the time and putting up with the flack. It won't be the first time in my share board action since 2007.
psmith64, that is an interesting topic, i.e. what moves the price. You say that "The majority of trades here have been small retail customer trades", which I agree with. However the upshot that "they are what have driven the price" I don't entirely agree with.
Looking back over the recent period, the days with significant share price hikes have been where underlying and significant large orders are being filled. They are almost certainly not retail orders (unless incredibly wealthy ones). And in terms of 'driving' the price to the recent 250-350 levels these have been more significant than the small, but many, retail trades. Without the large orders I agree the price does oscillate a lot, which I suppose you could still describe as 'driving' the price, but that is the more limited impact of the retail investors...which is why the day-traders among them eventually give up and move on to another share. The retail investors have to move en masse to move the price significantly, which we can see on specific events like the day the results were announced. Otherwise, retail investors are mostly just 'noise'. You can see the minor effects of this also at the round numbers, which retail investors like, at 150, 200, 250, 300 and 350.
We are still seeing some of these larger trades, too. There was one yesterday with volume about 25% of the entire days buying volume. If these dry up, you could well see your 175p buying price on the horizon. If they don't dry up then you'll have to wait for the order book and your alternative entry point at 400p.
Not sure about feeding a troll Bilbs. More like pandering to a child. He has basically got lucky , like a lot of us , and now feels like he’s the world expert on investing. I would imagine the supposed inexperienced day traders who bought above £3 won’t actually be panicking too much despite his dismal attempts. Anyway , more about me..... I just wish , 5 years ago , that I’d gone on that factory tour , driven the car , blah blah blah...... repeat.....
psmith
A sell judgement is a bit harsh based on your analysis - ITM certainly was over brought before the last results came out but now it becomes a macro issue if that is still the case.
What really maters to long term holders now is how successful the company will be in attracting orders to sustain the new factory. Judgement on ITM should be based on this issue - personally I am still unsure.
psmith64
You seem to be insinuating inexperienced day traders are also young investors.
It may be just as true to say that old investors are stubborn, don't learn lessons from past mistakes, are resistant to change and not willing to learn new tricks.
Certainly all should be cautious whatever they decide to do with their 'hard-earned' cash at all times (some more uncertain than others) but continually using emotional language and instilling fear here IMO is not really helpful when you don't have a stake ATM - maybe you are still justifying your position to yourself. If not, that's how it comes across.
This has been spoken about the last few months in the USA as to why the markets rebounded so quickly as we still face one of the largest global recessions ever, masked to a certain degree here in the UK by the furlough scheme.
Lots of inexperienced day traders piling new money into the market.
That is a shame for them when the market does eventually correct itself as its starting to do.
How many are starting to get burnt here with ITM now stuck with shares bought over 300p waiting for the rise to kill off losses?
The majority of trades here have been small retail customer trades and they are what have driven the price.
The directors were very clever in using the situation to dump over £ 11 million at 285p,a share.
Now to wait for the SP to correct itself as the wider markets do the same.
https://www.thetimes.co.uk/article/young-investors-stuck-at-home-are-boost-for-hargreaves-lansdown-zvdmjnltq