The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Looks to be Andy Street again as Labour vote split due to their Gaza position
I think he seem at least sympathetic to NXWM .. Who knows
This is an intensely political environment . We may have to wait for the elections to be over
Not sure how that is relevant to this name, but the amount of people in the UK who seem to pin their colours to the Gaza flag (so to speak) does put the stock market stuff into the shade IMO.
Seeing as we have gone off-piste, I sold my PARA position less than an hour before the drop. Nice when that timing happens for the good!
I did not like the look of the chart in that one, which was different to here, although gut feeling the same for both.
Hopefully it will be two wise decisions out of two - although I am now fully out of PARA (for now, at least). Still have the core (under water) position here. Good weekend all.
Hopefully many listen to this ‘gut feeling’ and sell first thing on open, then us investors can buy more.
Technical analysis is a lagging indicator of the fundamentals, the graph doesn’t predict what’s going on, you just fill the blanks.
My gut is telling strongly telling me otherwise, we will see. Have a good weekend :)
Sorry should have made it clear - WM Mayor is important for NXWM
The Mayor of the West Midlands is a directly elected political post who chairs the West Midlands Combined Authority, covering the local authorities serving Birmingham, Coventry, Dudley, Sandwell, Solihull, Walsall and Wolverhampton.
The Mayor is responsible for franchised bus services, allowing for standardised fares and branding on all bus services in the county, similar to how London's bus network operates.[5] The Mayor is also responsible for the West Midlands Key Route Network, which is managed by Transport for West Midlands on behalf of the Mayor.[6]
I am an investor. My investment here remains (underwater).
And TA is not a lagging indicator of the fundamentals. In theory and more generally, good fundamentals will eventually play out. That is a totally different kettle of fish to technical trading.
And final point - I was clear that my side pot trade sale here was not based on technicals - TA right now here (IMO) suggested more upside.
Up again today despite another short increase. Probably another Cosmen load up! Following the same trajectory as DOCS did.
Fair enough. Mobico will have my full support if the local politicians try to screw us in any future negotiations, and the BOD stand firm against this.
We already seem to get a bad deal from UK operations as it is. Price hikes and cost cutting remains a necessity. No more compromises and no baksheesh either. Drain the swamp :)
I'm not sure TA is of much relevance in this share. The SP is in uncharted territory!
My TA skills are not strong enough for me to swear by them, so will not try to argue the point.
Not sure how we are in uncharted territory though. We have a bunch of negative company updates, and uncertainties, on top of macro stuff that could also be negative for the company for the time being.
No significant inside buying either...but then we have the Cosmans's scenario.
Oh, and I have just seen that shorts have increased here too. Including M Wace, who I do not like seeing in one of mine (and seem to be in a few of mine currently!)
Anyway, back to the red wine and no more posting from me tonight :) Good weekend all.
Uncharted in the context that this SP has never been down at these levels so resistance & support levels have no historical context to go on.
LOL!!! TA is acutely based on how stocks perform in past and general conditions. It literally had no use here as this stock will never return to normality. Its being moved by abnormal and inorganic means now.
You should know this to be honest!
Why will this stock never return to normality? Presume you mean it is being manipulated for whatever reasons?
TA: Yes, historic stuff can provide resistance and support points of course. Then you have a huge amount of other indicators to play with too. All of which provide probabilities for direction of travel etc. That is not relevant to fundamentals though.
Re: West Midlands. IMO West Midlands needs MCG/NEX far more than MCG needs them. Come January either negotiate a proper, watertight profit making contract or walk away. This company is not a benevolent fund!
Ta doesn’t work? Whaaaaaat 😂 try tell that to all the people on trading floors around the world, the pi’s the ii’s,hedge funds, retail investors/traders just because you don’t know how to read a chart doesn’t mean nobody else does. It’s one the most important tools for the job people use it for a reason. If you was going to be a fireman would you go out to work with a a water pistol? Or turn up to build a house with a bag of cement and a trowel? No you need the right tools and this is no different.
Jg I hope you put your lines on, you have the right mentality to succeed your willing to learn and evolve! Don’t be one of these stubborn people who thinks they know it all and you’ll do well.
In a world where lambs get slaughtered…be a wolf
Take this for example where it reclaimed 55.3
(That bit circled) notice the first time it popped through 55.30 it came down but wasn’t able to hold on it fell back through now when it fell back through it didn’t bounce of the underneath either it was able to reclaim 55.30 55.30 just had its head sticking through then notice the next candle it bounces of it that’s it reclaiming/breaking out then it should attack the next key area which is 59.5 notice how it’s started slowing down now we’re approaching it. You have to see how it reacts to that now will it breakout or reject it. It’s about finding these magical places what have meaning
https://ibb.co/D8w6nNt
Totally agree, Hindy. Too many successful technical traders out there for it to be false, IMO.
Although I do not entirely rely on TA myself. For a start, still far too much of a greenhorn with it.
My performance since starting to use it in deliberations though has improved considerably, compared to before, where I just did the research, focused on fundamentals etc, bought and held.
But as I always say, it is about finding a method that works best for you.
And not being afraid to admit when you are wrong, or even worse, failing to try and keep on learning new things to make you a better trader or investor.
As an aside, and not this particular one, I have no idea why some on these anon chat boards always try to make out like they bought at the bottom and sold at the top....a long time after the event. Like anyone cares, lol :)
Should be an interesting week here next week. This now returned where it was pre results a larger declared short. They won't be wanting this above 60. Probably a battle between Cosmens & the hedge funds atm
" West Midlands. IMO West Midlands needs MCG/NEX far more than MCG needs them. "
no company gets in a confrontation with government like that . The preferred option is to establish "dialogue", thats why Andy Street seems to be a good guy for NEX
Hindy I'm biding my time, trying a few demos like you suggested, thinking about whether to try with a largish chunk I'm down on in my ISA, or a completely fresh batch.
Hindsight, was so closed to taking a chunk off at 90 , could have bought almost 80 for the 50 I sold.
Just watching right now, and got acceptance if I do nothing , fingers crossed worst case 12-18 months longer.
Hence no moaning!!
'The preferred option' would be to have a realistic contract whereby MCG/NEX actually turn a profit. This is a commercial organisation not a political potato!
Not sure how this TA stuff has any credibility on this stock. Been hearing about bullish/bearish divergence etc etc here since this was over 120. None of the analysis has been reflected in the traction of the SP at all!
Am i right then to say on a TA basis this is a sell at 65 because the covid low (66) will be a resistance?
" And not being afraid to admit when you are wrong,.."
yes.... once you make a buy, ideally, you should always then assume that you are wrong ..... so that you are ready to take quick and immediate action when that proves to be the case .... !!
JG if hindsight was an option in this gig we'd all be millionaires!