The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Lol - I don't know if you saw it, but we had a telling off the other day for having "off topic" discussions!
I was really surprised IAG went up so far, but I am also of the view that as there's more clarity in respect of Brexit, we will start to see our market perform quite well going forward - maybe people will dump USA stocks recognising that they're way overvalued and buy UK stocks as they are well undervalued.
I thought IAG's rise was purely down to the fact that they lifted the ban on the number of overseas investors that are allowed to hold shares - I didn't see anything else about costs and assets. I would be surprised if NMC didn't open down tomorrow - there's bound to be a bit of profit taking and like you say, when shorts are involved, they're going to have their fun for a while until they get bored with it - bit like Metro. I remember watching NMC the first day of the short attack and noticed that the graph there had a £12.50 bottom on the day and thought wow that's a massive drop and I was surprised it got there, but it did.
Wow - just switched on the TV - SA all out 209 - didn't expect that.
I did see IAG - I couln't figure it but joined in anyway. Now I think I have it. IAG UK costs down and overseas assetts (like routes etc) all up if the pounds tanks, which I think it will. If the pound goes down - this will go down as the mobile supermarket it isn't and so then recover . I remember the day after the Brexit vote the pound and UK stocks crashed but the rest of the world carried on. Net day, the UK markets rallied. Maybe the markets have learned from that and the markets will have a violent tree shake and be headed back up by 10:30 when the Yankees concur about how rich this is going to make them as they buy us all out for a song. Of course, I could be wrong, the pound could go up tomorrow. That's all about "then" guessing what "we" will do and making sure the opposite happens, NMC cracking day - but it needs a strong pound I think. May have a rocky day tomorrow as Muddy Waters is always prepared to double up. I think your idea is great and if you're going to post your thoughts each day hour by hour - I'll be following you. Just been over to my (un) fsvoutire Brexit board to give my clear and undiluted opinion - makes me feel better (LOL).
Oooh H - do tell of where you see the short term pattern going here - I think it'll get taken down a little before the results are out, just got that feeling - I agree with you longer term but my target is £42. Saw you had a good day on NMC on Friday - you must be happy.
Did you see IAG on Friday? - I thought it was quite a rise bearing in mind the news wasn't transformational for the company's bottom line, and I wondered if it may be some sort of short covering - a bit like NMC but on much smaller lines, have you got any views on it?
Hi Treacle, I did that for a while and you are right. as soon as you profit from it - they make it impossible to profit from it. However as per my last post, I think all my offshore funds are in for a good day tomorrow because I think even they can't manipulate this one.
Friday afternoon's to be precise - and Monday until somewhere between 10:30 and 14:00 is panic about which way the US is going to go - although Savage Javelad will probably have decided that for everyone tomorrow. I know the market loves a hard Brexit but those guys are loonies someone has untied from their trees and I predict now the pound will crash and OCDO will be marked down significantly - but as its a US to target and big trader I think tomorrows crash will be the time to top up - JMHO and you'll have plenty of time to see the pattern I predict if it does unfold. Long term I see this either bought out at a massive premium or 50 pounds a share - but I am uber bullish about them anyway so don't listen to me.
Hi T, Sad, yes that list sounds good thanks a lot, going to have a look over everything tomorrow night.
cheers
Well I for one would be interested to see such a list. If I might suggest it could include the effect of upcoming xdivi or company info (l know OCDO doesn't pay divi but I'm generalising). I also find Thursdays could be a down day as other companies pay dividends and resulting suppression of FTSE and hence sentiment? (Maybe this is irrelevant). Friday seems to be profit taking day. I go on like this and convince myself of a golden 2hr slot on Tue morning! Lol
I think I've just had quite a good idea - well I think it is but you can tell me if you think otherwise.
There's a few key points that need to be remembered day in, day out, with the only exception to following these being news days in respect of the company/sector. Do you want me to list the key points here as an aide memoire so to speak so that you can write them down and have them by the side of your laptop for reference until they become second nature?