Member Info for Bigplonker

Cheap and tacky if you ask me and cannot see them being around in current form for too long before someone like amazon takes it over and gives it a bit of credibility. Still a great one for trading but might take a another day to get past that first resistance point if at all or might just fall back to 200p.

Gone through 1st resistance point at 224 and 2nd is at 239p. Will be interesting to see how far this goes today before it takes a rest.

Tesla is still flying. Unbelievable. Still AML looks like it could be on the turn. Once AML gets moving my thinks could see some large rises in SP.

Tesla stock up massively again this month . Investors betting against electric car maker Tesla have lost $18 billion so far this year, including $4 billion in July with the stock up more than 16%. A lot to lose. I keep being told to sell my Tesla stock but still holding with talks of a new car and factory in China. What is the current short position on AM at least they got things right as sp still not looking to change course yet.

Okay my Tesla stock is flying but their cars are very boring. Warren Buffett’s theory is to buy shares in a company you would like to own. Well I must admit I would like to own AM but I would probably have many sleepless nights but I have that anyway. Running my own business in this country for the last 40 years still causes me many sleepless nights particularly at the moment. Still AM stock is now looking cheap enough to start buying plenty to have a large foothold. One day might see flying AMs.

My thinking is that it is not worth paying attention to broker targets that is for sure. Tesla has currently a low broker target of just 250! My view for what it is worth is that the sp will bounce along now until results. Drop on the poor results but thereafter see this start to pull its socks up and get on with selling cars. With the F1 team plus the new jeep and then possibly flying Astons all will be good in the world. Certainly I am looking to take a foothold plus trade a few along the way. GLA

Tesla are motoring ahead after their latest results. Best wait until end of the month for AMLs latest results which are predicted to be bad. I expect AML could start to recover now on the basis of simple buying power leading to a big fall at end of the month. Need to be very careful with this one. Just hanging on to my Tesla share for now and will carrying watching this space. Always bigger things working against your average punter er I mean investor.

Barchart still showing Opinion at 80% Sell with support and resistance as follows:
Support & Resistance
2nd Resistance Point 53.440
1st Resistance Point 50.320
Last Price 47.200
1st Support Level 44.560
2nd Support Level 41.920
Will be interesting to see how this goes next week but still not looking good and certainly not any buy signs as yet.

The way this is going can see it back down to latest broker rating of around the 30p mark and then bounce along until we see some better numbers coming out. Good weekend all.

Sorry mate the best peas went to Farrows. The money has all gone to Tesla which is flying yet again.

I see that Scottish Mortgage IT has Tesla as its top holding. Can’t see that has any AML shares though.

I have been investing for far too long. Over all these years why is it my US stocks alway outperform my UK shares? Still not invested in AML but my Tesla stocks bouncing up again today. I have never lost anything in my US stocks but confess have lost a few quid on my UK shares.

Looking at the position my understanding is that AML was worth £4.3bn when its shares started trading on the stock market in October 2018 at £19. So AML shares are now worth less than 10% of their IPO value! Is that correct?

If so how on Earth have the shares plunged so much. This must be a record in itself.

We have had a couple of nice 100% + bounces since its IPO. Can now see another one coming very soon. Best hold on to your hats and glasses folks for this is the wildest and wackiest ride in the universe.

I bought mine about 20 years ago dusted it all off and now my son-in-law uses it. Always careful about not spending money when you don’t have to. I used to cycle all over the place but the roads are just too busy these days for my liking. These fast young women drivers in their small cars are the ones to watch out for - need to get them buying AMs To realise the joy of driving and then to slow down a bit.

Good Morning All,

This is where you need to invest your money as bike sales worldwide have gone through the roof.

677% Year-On-Year Sales Uplift Of £500+ Bicycles Due To Lockdown, Reports U.K.

US markets not good and finishing pretty bad today so expect more falls on Monday.

Florida suspends alcohol consumption at bars. In the midst of a massive spike in coronavirus cases, Florida announced it would suspend "on premises consumption" of alcohol at bars in the state. The news comes after Texas said earlier it will roll back some of its reopening measures as coronavirus infections have also surged there.

Plus if that was not enough:

Britain’s car production plunged to the lowest level for May since 1946 after carmakers had to idle factories to help prevent the spread of the coronavirus pandemic.
Output dropped 95% to just 5,314 vehicles in the month, according to the Society of Motor Manufacturers and Traders. Still, that’s an improvement on April, when just 197 cars were built.

Can’t see things improving soon that is for sure so best stay in cash for now.

A lot of buying after the storm. Held back buying until next week to see how and if it stabilises first. My Tesla was up after hours but down a bit when trading opened today.

I was just looking to buy in to this today as well. Still might be a good opportunity to take a foothold once it stops falling and settles down.

Interesting stuff. Thanks for that.