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No T. Don't really see the logic behind NCYT. Probably better off backing an evens favourite. More into tech than biotech. Especially those with AI capability like OCDO! I like Gym shares which did well for me , but the virus could be a big concern, hence their recent fall. CNC is a promising little company they make Ai boards, or boards which enable Ai. First invested in them 20 years ago at about 18p. Sold way too soon. Have been up to £1.20 this year before virus. Three IT companies worth a look IMO, FDM and the new kid on the block doing very well Kape tech. Made a big earning enhancing acquisition, would like them to fall back a bit more after meteoric rise. SCE interesting little company brakes for high performance cars. Trying to steer away from the traditional stock and find the potential new age Ftse 100 stock.
O - I agree in respect of NCYT - I think the share price rise is all on hype and speculation - I lost a little with something similar a few years ago - IDP - thought they were going to be the next great thing, they brought out some news about a new product line, share price spiked to over £2 and then dropped back to 80p - seems so similar to what's going to happen there. I think we're on a major winner with Ocado - once income starts to be received from the solutions side of the business maybe more people will understand the company/believe in it a bit more - should be a good day again today for the share price - saw on Bloomberg last night that Costco were up 9% at close yesterday because people in the States are panicking because of the virus.
You do seem to do your research on new opportunities - I can understand why you would be doing that, but having traded some AIM shares in the past, I now tend to steer well clear of emerging companies as I actually found it to be more profitable just trading companies I know on a day to day basis (even allowing for the mistakes/learning opportunities!) rather than waiting for new companies to establish themselves and I've also found that the more expensive the share, the more profitable the returns can be trading the spikes and shakes daily.
Fingers crossed for a good day for everyone.
Morning, Good to see OCDO up there where it belongs on the leaders board yesterday.
Decided this share trading malarky is all or nothing, you have to be very lucky to dip in and out two or three times a day and make a profit. This is my first dip in today, just hoping to improve my positions somewhat.
O: Liked your suggestions about hi tech companies, I will look more closely at them when I get time. Thanks.
S - Don't rub it in :-( - I missed the drop at £10.70 odd yesterday and it ended up running away from me - I'll buy on the dip a bit later though.
You are right about the trading malarky - if you get it right it can be very profitable - if you had sold MCRO yesterday at £7.50 odd and bought back in at £7 yesterday it would have been a very good day on that share.
Is anyone having any trouble with HL lately and their live prices? It's driving me mad first thing in the mornings as they're not showing the prices for a while after open.
Ha, HL? Hardly Live as I call it.
No, no experience of them IG and ii where working OK first thing so it looks like a problem local to HL.
Have sold IGG this morming at 700, not much more than I paid but getting a handsome dividend as well.
Did a lot of dithering earlier when I should have sold a couple of shares.
Sold FEVR at 1304, peraps too early
You're supposed to be on holiday and enjoying things - not trading.
I just sold MCRO at £7.30 - I dithered at the slightly higher price - just have to see what this afternoon brings now. FEVR looks like you sold on a spike - I'm waiting for the shake on OCADO - it seems a bit slower today but the volume has been increasing which is an excellent sign.
Are you half expecting MCRO to drop towards 700 again later? You sell price on MCRO was good.
Just missed a chance to buy back into FEVR below 1290 which would have given me 1% more shares, I would have been happy with that.
Yes, going to continue with holiday any moment now.
The chart on MCRO is now showing £7.50 but I just based my sale on the spike, and will monitor closely again but I wouldn't be surprised to see it at £7 later this afternoon.
So is today going to be a case of "buy on the rumour, sell on the news" - apparently central banks have a tele conference later today where they are going to discuss a strategy of how to deal with the economic impacts of the virus - I suppose any news coming out could go either way.
sold MCRO at 734
Got a few more pennies than me then.
What country are you in, and how's the weather?
Great to trade after dow yesterday but. This kind of record volatility is very symptomatic of impending crash. Ftse is much more measured. Yesterday we were all fearful of the virus and how it would impact the economy, today with latest figures showing the spread of virus accelerating 8 times faster than in China everything is ok? mm
O - I totally agree - market starting to get a bit schizophrenic like it was during the financial crisis. I've been out walking the dog and came back to the end of Boris' press conference about the virus - not looking too good and we could have a few more months of this before everything settles.
FTSE 100 up over 2%, yet Dow futures just 0.60% up - what's the odds on that central banks will release a statement after their conference call at 12.00 which will disappoint the market and we'll have a big sell off again?
I know this is way off, but something that I thought about last night was about the Chinese and the start of the virus - I wouldn't put it past the Chinese government to start blaming Trumps trade wars for this virus - you can just imagine the reaction that Trump would get from his voters if that started to come out in the build up to the election especially if the States starts to get badly affected by the virus - not that I'm wishing the virus on anyone (well except Trump)!
Well the tittle tattle will never end between Trump and the Chinese. I see three of the stocks I was looking at have got up nearly 10%, and that after going up yesterday too! Good figures from supermarkets, or perhaps I should say less bad. When they start celebrating rises of .02% increase in sales it just shows how tough it is, and won't take much to reverse. Obviously people will be steering clear of crowded restaurants and gyms . The restaurant group which bought Wagama just over a year ago is now below RI to fund it. Directors piled in yesterday. Still not convinced
You're probably right in respect to Trump/Chinese.
Are you tempted to buy the shares now or are you going to wait to see if there's a pullback?
Target and Kohl over in the states released their first quarter figures earlier - not heard too much about the figures so far only that the market was not impressed and they're both down about 2% pre-market. Although something was said about the virus being good for sales, there are concerns on the supply side and wondering how that will impact things going forward.
I think you're right to be wary of the Restaurant Group at the moment - anything to do with travel/leisure best to be avoided until things blow over.
I'm only in Cornwall, it's sunny now but at 8am it was hailing.
Just sold both my tranches of LLOY
Bought some FEVR back.
Cornwall is on my to do list - maybe in the Summer as long as I find somewhere that I can stay with the dog - a lot nicer with the sun rather than the rain I bet.
Well done on your Fevertree.
Its funny considering what I was saying earlier, they're saying on Bloomberg now that if the States go into recession because of the virus Trump will get the blame - hooray!
Surprise, Surprise - statement now just coming through on Bloomberg - G7 ready to take action including fiscal tools where needed - words and no action so S&P futures now paring their gains.