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They desperately need to announce a 2nd OIA deal it's been 5 months since the mckesson announcement.
I don't know if they would actually RNS that. The first one was significant news but I don't reckon they aren't going to announce every time they get a contract. These are more likely to be smaller contracts than building out CFCs.
You can set them up in smaller sites more quickly due to the nature of the Reimagined tech they are using for them.
They hopefully got some interest from the recent trade shows they did.
I would hope they would RNS as it would help the sentiment and hopefully stop the shorts for now. We need something anything, even some director buys.
Unless they got a really big contract it would not be worth it.
It would smack of desperation.
It's one thing to RNS a deal with a Korean supermarket for 6 CFCs. Quite another for something like a deal with a regional auto parts supplier.
Fundamentals are out of the window for the moment.
If shorting this out of existence makes money than that is what will happen
Looking at £2.40ish to top up after buying foolishly at £4.
If you buy a stock then it is suggested to do so with at least a 5-10 year view.
As Buffett said don't buy something unless you would be happy to own it if the exchange was shut down for war or whatever reason.
I am invested in a US stock with great earnings and a ready stream of news including large contracts.
But down every day because shorters think the business will be destroyed by GenAI.
I bought more this morning and do so trying to leave sentiment out of it.
If the markets want to have a hissy fit about interest rates or Middle East fears so be it. Interestingly, the drops on US markets seem to be happening on low volumes, which seems more like a shake out to me.
Flatliners can feel your pain. My average is £4.16 and that was bought only a few weeks ago . Nearly sold out on the bounce to nearly £4 last week but thought they were going back up. These daily falls are wearing
I bought today at 342 despite expecting it to drop further because I wanted to own the stock long term more than I wanted to leave cash sitting in savings account.
If there is a serious escalation in the Middle East it will either get sorted or if not it won't matter if money is in savings or stock!
Sangij, the low volume could be related to the fact that US corporates are in a share buyback blackout period (until around Apr 26th), apart from that PI's are stretched to the long side and I guess CTA's haven't yet started dumping a lot of stock to bring the composites down.
That's interesting because the company I invest in UI Path were buying back their stock
I think the US are also concerned about the 10yr Treasury yield ...currently 4.6% ..
There are stories that the Chinese are selling their Treasuries to push up the Yield and put pressure on rates and stocks.... not sure about that angle
If the yield went to 4.7 or 4.8 then stocks would be under real pressure
In the past there have been similar sell offs around things that spook retail investors like North Korea worries.
If fear was that much gold (admittedly already at a high) would have been soaring rather than treading water.
I got caught out by COVID but there are times when fear is magnified. That can be a time to pick up bargains but only if you are prepared to be wrong and accept the consequences.
Rather than blaming everyone else and calling for CEOs to be punished.
I would say if Israel don't strike Iran today more chance of respite.
Sabbath starts tomorrow night and Passover on Monday when a lot of Israelis have travel plans.
Not sure about that Poker, the bond inversion (I think the data I've seen was 20yr vs 2yr) has meant banks are lending less (they borrow at the short end and lend at the long end). When when the short term rates exceed the long term rates then banks can't make a profit on the loans, they have make profit from fees; hence they're more selective in their lending and end up charging higher rates and lending less. So if the longer term securities increased in yield, would that not tend towards correcting the bond inversion, increasing lending (money creation) and thus over time pushing stocks up?
I did read that China is trying to maintain it's factory output and exports to the US and the way they're doing it (in the face of limited demand) is to reduce the price. The impact being to flood the US with cheaper goods (but China doesn't make much or any profit) and undermine the US economy. Biden is I believe retaliating with Tariffs to try to limit this (balance the playing field).
Stumpy
I think the banks are a side issue in this..... the higher 10y yield pushes up the cost of selling US debt to investors , putting more pressure on debt interest ..... and....that could end up with the FED protecting the Yield ..by buying any new debt over a set yield..in order to keep the yield level from surging
A complex situation but obviously linked to the markets perception of stock values .....way above the basic retail investor trying to make a bob or two
I do try to learn about some of this stuff Poker (you have the time when you're trading as it's so boring), but I have to say it doesn't come naturally to me and we're about at my max level for the moment. Debt markets seem very complex.
"Biden is I believe retaliating with Tariffs to try to limit this "
China is sending goods/parts to Mexico and finishes them there and then imports the finished product into the US at a fraction of the Tariff that imports directly from China are ....
From the point of view of OCDO SP, there's no sign of capitulation and no evidence of a bottom yet. I'd actually love to see a capitulation event now to try to draw this fall to a close. Could just turn and bounce though. I'm watching closely.
Is there anything specific you're looking for to mark an end to the slide?
Stupmy
yes it is very complex ...but the main thing I think is just being aware that these complex things go on and are driving the market movements .... not some .. direct feeling say about Ocado themselves or some other company directly
I am pretty good at speed reading ... picking out the bits that matter ..but the complexity is certainly challenging
The volume over the past few days (large) is suggestive of a selling climax, for the short term at least.
This is a traders share with a lot of trades linked to Algos ...algos which are linked to perceived data point changes , which may well have nothing to do with Ocado directly ...eg..the probability of a June FED Cut
Impossible to predict the exact movements of Algo buy/sells
And a lot of algos are passives trading their indexes
Most of what get from the economics side is pretty high level, but as I say I do try. I'm not stupid enough to claim expertise, but I'm aware at a certain level. And I do keep reading.
Volume has been high as you say Eusebius, I'm watching that. There are also divergences appearing with respect to MACD/RSI/1433 Stochs.
" I'm not stupid enough to claim expertise"
Haha ...well that in itself makes you smart then :-)
I do think sometimes 'being honest about being a bit out of ones depth' is the brightest way forward!!