Member Info for 1ontheup

Retail very strong so I was right on all 3 fronts. Let’s see if the bookies will payout when the markets open 😅

Oops, I found my post from this morning unsent so I modified it but just realised I had already sent it 🤯. I must have clicked back on the page after sending - sorry guys

Back in this morning with 20% of my historical holding @353. If the MOU gets signed tomorrow then I will add and hold whichever direction it takes. Looks like the first of my 3 predictions from yesterday worked out as it got a bit of a boost after the BOE decision. But if these predictions are anything like my bets so far in this World Cup then I’ll get at least one wrong 😂

Back in with 20% more f my historical holding. If the MOU gets signed tomorrow then I will add and hold whichever direction it takes. Let’s see if any of my 3 predictions from yesterday will work out. If it’s anything like my bets so far in this World Cup then I’ll be wrong at the first hurdle 😂

I bought a small amount back in March and sold on June 8th at 355 with a gain of 7%. Something about the Iran war spooked me but I was left kicking myself a little when it gained again after that and was tempted to jump back in but backed off. I'm surprised at the drop today and it looks a little exaggerated so I'll see tomorrow how it performs and will look to get back in before the BOE decision (I think the commentary might be positive) Makerfield by election result (Burnham victory will be neutral for the markets, Reform will be negative) and the retail figures on Friday which my gut feeling is that they will be positive. GLA

Back in at 329. If they can afford to increase pay by double inflation then they must know and feel very confident about which way the business is heading.

I also found this:

JPMorgan says Worldpanel data for the 12 weeks to 29 Mar shows "a material slowdown in the UK clothing market to -3.8% year-on-year vs -1% in the 12 weeks to 1 Mar" ** JPM says data shows Marks & Spencer decelerated to -0.5% year on year compared to a 3.2% increase for the previous 12 weeks.

They say this echoes their analysis of online web and app traffic that pointed to a slowdown in March and April.

What happened? I sold all mine at 349 early March and used some of those profits to take a loss on some others and reduce my exposure due to the Iran war. I was liking to get back in last week but waited so I’m looking again now but this drop surprised me. I’m s it because of the Express article about the double inflation pay rise for workers I wonder 🤔

For sure today’s drop is linked to that but should rebound. Kicking myself that I didn’t buy more when it was over 2% down

Retirement, my current M&S holding is up 23% so I don't know why you think I hold nothing. You just need to look back at past posts to see what I bought in at and I've not once mentioned selling. I'm also intelligent enough to understand that I haven't "made" anything until I sell.

Retirement called me an “idiot” for stating the obvious and tried to add Fender’s trades into the discussion to make his point.

If somebody bought a house and said to you after 6 months that they “made” (as Retirement put it) £141k on their property you’d probably say well done and ask them why they sold it. And if the reply came back saying well I didn’t actually sell it then you’d say well you haven’t made anything then.

Retirement “I sold nothing and this year have made £141k YTD doing nothing.”

Let me correct if for you: I sold nothing so this year I haven’t made anything because I’m doing nothing.

There you go

If it does close at 400 or above Fforest then I'm hoping that it will breakout from there and go above 422. The last time it hit that was back in May 2016. A 10 year anniversary will surely create some positive headlines for the stock. It wouldn't be asking too much either, just another 5.5%.

GLA

I know this has raised some debate in the past, but when will it break 400?

I'll go first, by next Friday 🫣

Shore Capital concluded that if its trajectory is confirmed, “M&S equity is wholly mispriced at this time,” arguing that the shares trade at a “major discount” to peers and could exceed 700p in the medium to long term.

I’ll certainly take some of that if it happens 😍

https://www.asktraders.com/analysis/marks-spencer-share-price-wholly-mispriced-at-this-time-says-analyst/

What I would say about this spat is that unless you actually sell you can't claim to be up nor down. Retirment "def no one on here I am not that type of guy, and never angry, bloody happy in fact £22k up today." If you sold and made that then well done👏. If that was just on your screen then it means nothing. It only takes something to happen overnight, like a cyberattack, (🤦‍♂️heaven forbid) and you could find yourself waking up to POTENTIAL losses.

Sorry I meant no news between now and next update

Volumes have been solid this past week so no doubt in my mind that investors waited for the results to ensure there was no cyber lag and negative surprise. If this momentum continues then I think it's onwards & upwards regardless of any news between now and next update. Others have mentioned recently that this could be a problem but I see it differently. No news is good news for a momentum stock. Follow the herd..... that's my opinion anyway GLA & DYOR

🤣🤣🤣Fforest, I got it after just 3 seconds in 🤣🤣🤣

My plan on Monday was to buy more stock with the balance of my pot allocated to M&S but got sidetracked and missed it. Now I’ll wait for either a pullback or add when it’s +10% (I’m currently sitting on +7.4%).