The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It can lol.
Closed short at 129 today - 5% gain so quite happy. That's the last short on my book closed, I'm judging the risk too high with this raging bull market to hold any short positions, but I might take another look here at 140ish... RSI got down to 21 a weeks back and despite sinking SP is back up to around 29 again, so to me it looks like an upwards drift from here for next short entry.
To about 109p imo ,.
....that's makes you a fan...lol. Regarding QPP, with some element of luck, i did call it right sub 30p last year although I am in sub £3...long and strong. SRP weekly chat seemed to have bottomed out prior to last's week movement & RSI( 7) below 30 as well . However, after sales are in huge chucks so south movement is still very much likely.
@rimazuc I knew before even clicking on you that you had stalked over from the QPP board...
@Rhambo thanks but no thanks for the recommendation....easy money lol.
Gone short here today - easy money.
Correct ,my money is on a drop ,watch this space lol.be alot of short selling soon .
if those who matter felt they were going to perform well in the short/med term, than they would not have fallen so much in the first place. In these situations the SP does in fact go up, in order to ''draw in the mugs''
Don't see them performing too well ,do you ?
how much below £1 this one goes will depend on perforamance and results. These factors are finite.
805 Million with 549 shares ,add another 540 million shares ,doubt if will go to MK of 1.6 billion pounds ,70p on the cards at some point .IMO .
Miliband is showing dislike towards large Government contracts in the hands of large companies. A Tory coalition should favour a higher price more than a Labour one. I took up the Rights Issue and will be voting Labour; something amiss somewhere!
mugs
to draw in the muga!!!
I dont understand why the shares are holding their price if these predictions of £1 are accurate
Thanks for your post. I feel after the ex rights date the SP will start to head south. It may be affected by the election, but even then it was still going down. I see sub £1 by the autumn.
I am new to all this when I, too, was offered the Rights Issue, one for one, at £1.01. My brokers needed to be told, between 1st to 16th April, that I would take up the Issue. If so, the costs will be taken from my account on the 16th. However, I can sell the rights at any time for the current price and they will take the £500+ on the 16th. So, today, I could make £200+ by selling my 500 rights issue. If one does nothing at all, then the rights offer lapses on the 16th. Now you can see where 2reincarnated gets his £1 forecast from.
When is the rights issue?
This is exactly what I would have done if I held Serco shares. I may be proven wrong, but I will eat my head if Serco do not fall below £1 at some stage!!!
And what stops anyone selling their current holding and using the proceeds to buy back at the cheaper price? It does not seem to mfdake sense for the company
Can I sell the rights?
you are your own man/woman!!! None can tell you what to do or even advise you. However, anybody can tell you what they would in your situation. Some people say take up your rights, as Serco will never drop below £1. Some say it will drop a lot lower, meaning you will at some stage be able to pick up Serco shares at below £1. The true answer may lie somewhere inbetween. Yes Serco may drop below £1, but so what if they trade at 99p, it may only be for one day!!!
I have received these sub rights, one for each share i own. would anyone more clued up than me be able to clarify what they are and what i can do with them?
Oh dear, someone got caught on a dead cat bounce...