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Just sold my Mcro at £7.70
I have copied you and sold MCRO, same price
Fingers crossed that we've done the right thing - Trump is going to do a press conference later about the virus - I think it pays to just be in and out during the day at the minute. I've sold my Ocado at £11.18 - missed the £11.28 - looking to buy back in tomorrow at £11 or under.
sold some ocdo at 11.27
Back on the NMC gravy train at 936.6 but only 500
You just can't resist NMC can you - at least you're doing really well with it which is good.
You can probably treat yourself to two bottles of wine for your birthday with how well your 'trading' pot is going - only thing is you have to be up bright and early in the morning - early bird catches the worm as they say.
Enjoy your evening/birthday.
Interesting viewing on Bloomberg today if anyone wants to catch up on it - just google Bloomberg and then type in Nouriel Roubini - if anyone followed him in the build up to the financial crash/crisis he forecast it ages before it happened and he has some very interesting points about the impact/implications of the effect of the virus on the markets - there may be a couple of clips to view - the one I saw was only about 3 minutes long but he was actually live a bit longer than that so there may be a few separate videos to watch.
yes it's been a funny old day but happy considering what's going on outside my particular bunker.
I will be interested to hear your next moves on OCDO and MCRO. Chuffed at my price on OCDO, I looked in the lists of trades (at 15:59) and I can only find a few buys at 11,27 and 11.275 but no numbers that add up to my sale.
Have to keep going back to the fountain of money that is NMC, my timing has been wonky at times but as you say, it's easy to make a profit on a rising share.
I try to read the NMC chat during the day but have decided it is best to not read it.
I remember that guy predicting the crash, he was alone at the time. I have respect for his thinking so will try to read listen to his clips. Thanks.
Really need a day off.
I have to be honest I was absolutely gobsmacked watching him on Bloomberg - if I wasn't already aware of how accurate he was about the financial crisis I would have thought whose this nutter here, but what he says is very interesting - it really does need to be seen to be believed.
Todays U/T on Ocado was £11.21 so close to both of our figures really - the volume was very healthy today which was lovely to see for a change - I'm really hoping its the start of our next move forward rather than a one day wonder but you can never bank on anything for definite - I would still expect to have an opportunity to buy at around the £11 level at some point tomorrow, and fingers crossed, we can get back to the 50p range I like so much here but on an upward rather than a downward trend - possible range tomorrow £10.90-£11.40 only based on the graph showing a high of £11.40 today.
Not sure in respect of MCRO - had a good run today which may carry on tomorrow - either way I think there'll be an opportunity to buy at some point tomorrow at a lower price that what was sold for.
Yes sometimes other boards can get you flustered - I only scan some from time to time and take everything with a pinch of salt - I did read on Bloombergs site though that some billionaire is going against Muddy Waters and is investing quite a bit in there.
Been a bit caught up in other stuff. Having left with the dow flying to nearly 400 up a few hours ago, just got back to see its now minus 133. This is just the kind of volatility that precedes a crash. BE careful.
T, You mentioned in your post at 14:31 "IG Target thingy". Not sure to what you were refering.
On MMC, always a positive push whe someone has declared that they are stake building but the guy has a bit of a mixed track record, still, who am I to talk.
Nice to see some up trending from OCDO, really hope it has turned the corner. Still a longish way to go to cross the neckline/resistance level confirming the triple bottom though. (yes, I know the virus problem might wreck it).
Have a look at the triple bottom on this site, it is beautiful in it's symmetry, although the period is rather quick.
Sorry S - I've been going cross eyed trying to find the message that mentioned it but I can't find it - I think you said that you had given IG feedback on their new trading platform, and I think it was a charting tool that you may have been referring to - you'd mentioned some trades that you had made and it sounded that you had hit tops/bottoms spot on so I thought it was this new tool that you were using.
Haven't looked at the link you posted yet - I will before start of play tomorrow, just got fuzzy eyes from searching for this other post. One thing that I had missed yesterday though was when you mentioned about letting go of some of your dead wood for want of a better description - I know its hard to take a hit and let go at times, but like you say, sometimes its better to do that rather than have your capital doing nothing - so just a thought/idea - seeing as you've been doing so well with the up trending shares, why don't you consider phasing out your under performing shares gradually over the next few weeks and putting whatever you release to work - obviously added bonus of offsetting losses against CGT as we've already talked about.
I have been trying to use two or three of the "indicators"(as IG calls them) on the IG charts. In particular, Stochastic and Williams %R. Can't say I know much about what they do but I have been monitoring their graphs at the same time as the share price graph. The jury is still out on whether it helps but the more I am using them (perhaps) it will give me a feel for when to BUY/SELL. There is certainly a coincidence of highs when the time is right to SELL and vice versa. I started using the Stochastic after watching some of the Live IG broadcasts refer to it (a bit like the Bloomberg "before the open" discussion etc)
Watched two or three short videos that included (forgotten his name) and yes, he is worth listening to. The point he made about "It won't be a V shaped recovery from the virus" was well made...i.e. SARS was a smaller outbreak with (probably) lower mortality plus China is now a much bigger part of world economy, critical supply chains etc. Also, excuse me but I think I got this from him but the confluence of effects, ongoing banking troubles, company defaults, US-China trade war etc has scared investors made them reticent to reinvest once they have sold investments. Hence not a V recovery.
Have had no feedback from IG on my suggestions/observations about their platform.
Yes, thinking about selling some stocks that seem to be going nowhere.
Got to get back to my impromptu birthday party now, hope I am up in time for the open.
That was it the Williams %R rang a bell with me. From seeing just a snippet of Trumps press conference yesterday I think he's more worried about the impact on the stock market and his future than the virus - as per Roubini yesterday on Bloomberg.
Looked at the link you posted this morning thank you - I think we've definitely hit triple bottom on Ocado, but its just this virus thats the unknown factor - if we start having plenty of volume, volatility which means at least we can trade the share daily I'll be quite happy, even if we manage to just hold at this price over the next few months I would say that would be an achievement with the current uncertainty.
Tin hats definitely needed today - FTSE 100 futures down 1.79%, Dow Futures down 0.80% - AB Inbev just coming out with figures and forecasting a drop in income for the first quarter, fourth quarter came in way below expectations and sees a $285M hit on revenue because of impact of virus in January and February.
If things are getting that bad that quickly just because of China, you can just imagine the impact on companies now that the virus is going global.
S - forgot to say - hope you enjoyed your birthday celebrations last night and that you've got a clear head this morning.
Good Morning. Head quite clear really, stopped drinking more than 2 or 3 glasses a night a few years ago. Only one glass last night, sad eh?
Yes, FTSE down today, was thinking about the wisdom of setting a limit buy on OCDO (and maybe MCRO) to catch an initial down spike, although a bit arbitary and think there will probably be a down spike then a drift lower by most stocks. Except my current darling NMC of course.
I know where you're coming from there - I can't cope as well the following morning these days if I have too much either.
I think with the markets the way the are and are likely to be for a while it pays to be nimble - about time we had some volatility. Good luck for today.
Some big companies going ex divi today, HSBA,EZJ, AZN, DGE, BARC in the ftse100 plus 3 FTSE250 companies, this on a normal day would tug backwards at the FTSE. I still have PLUS which is one of the FTSE250 going ex today.
Bargains galore to be had then.
Did you know NMC has been suspended from trading? - just been on Bloomberg news.