The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Shaking here, just found out. Been avoiding the price for 3 weeks
Gamble responsibly ladies and gentleman, don't be a degenerate like me, its not worth the stress.
Yep should be a positive week. A lot of people out and about today from what I've seen. Madfist, I used to gamble a bit too, but it's just too hard to consistently beat the bookies, if you are profitable they limit your account - much better to bet on their stocks instead. I think a lot off people will be shopping come Monday, the fact that we've had people protesting in groups without any intervention from police or government is going to make social distancing a hard sell for the average person. No idea if buying now for the short term is right, as we saw last week this market could do anything and big moves either way wouldn't surprise. Long term will be fine though IMO.
Lowest rate for a Saturday since lockdown started today. US is always a concern though, as they are seeing spikes there. Lots of sport back on and shops opening Monday. We should see a positive ish week.
Update on this:
I sold a third of my total shares in this at around 1.59, i had planned to do this originally as I thought there would be resistance at around the 1.6 mark. A nice increase from the 1.09 i brought in at. So out of my 40k originally invested i'm now only risking 21k.
The sharp drop since then has brought me back to earth again and i'm worried at the possibility of a second wave obliterating this share especially with the higher reliance on retail compared to other gambling shares. Looking at all the photos of the huge crowds in the black lives matters protests in the us and the UK doesn't help me with this worry. If Cheltenham was to blame for so many cases of the virus, then surely these protests will too? I'm also thinking people emulate what others do, so they might see these people not following social distancing and this lack of worry for it will rub off on them too. My knowledge on the virus is not great though so i need to study the chances of a second wave more.
Was very tempted to buy back in yesterday but decided not to push my luck, and am edging on I probably won't unless there is another major crash. If the outside risk factors were low, I would be very confident in this, very impressed with their response to the virus.
Next week will be very important, good luck to those invested. Thanks to Splice and Slime1 especially for their input.
One of my first rules of investing - never buy into a stock after a 300% rise . You have limited upside and potential to crash down to earth . £2 achievable but I would think that’s a way off . £150 by year end maybe
I've done some betting my time as well. You have a lot more chance making money on this stock than betting against them on their website. They have debt due in June 2020 and have more debt due in coming years, this debt is a risk of course. There are a lot of unknowns at the moment around when sport returns, we are all making guesses really. My suggestion is do not look at the share price for 12 months, it's going to go up and down between now and then but in the medium term you will be fine.
I've lost a lot of money with billy the last year, my friend told me last week about how he brought in at this stock at around 36p and now its nearly a quid. Didn't pull the trigger when he told me but it was on my mind nagging me, then went nuts yesterday and put half my savings on on this share at 1.093, soon as i do bloody thing dropped down to 1.06 almost immediately , relieved to see this rally today. Just have a gut feeling it will push to £2 this year but will be a bumpy nervy ride.
Am i completely insane? What are peoples best case and worst case expectations for this?
Also I've blocked the 2step authenticator on my phone for a month so i can't login to youinvest without great difficulty so just have to watch and hope for the next month lol.