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That's possibly true cars , but i finish with a profit. If i miss more profit then i will be happy to still have a job i suppose! I have my own business and work full time, so money will come either way! With profit I made if i cant reinvest, I will go on buy specialist printing equipment to make me more money printing workwear, so really a win win today!
I sold at 59p this morning and now its at 52p. So i could buy more shares than I had, just don't fancy being in all weekend. I work for a company that produces tens of thousands of parts for aml a year, so I will know, probably before most people if it's picking up to be fair, and as always I will share my opinions and try to help where I can while I'm sniffing around.
If the tariffs apply to hong kong then businesses could start to relocate. I would not be surprised at all if Donald Trump announces a new trade deal with China, he is the master of piling on pressure and then striking a deal. It will be very interesting to see just what happens!
I think this is what the market is reacting to. Trump could end americas special relationship with hong kong as it now stands ready to become part of china again, this means that all companies in the area will have tariffs automatically applied to them in line with the rest of China. Hong kong has been a bit of a hub for dealing with china but avoiding the tariffs. so if the special realtionship doesn't end you can expect a rebound on Monday 100%. That's how i read it
https://edition.cnn.com/2020/05/28/economy/hong-kong-status-autonomy-intl-hnk/index.html
It has been quite a strong week across many markets, and today is simply profit taking. So long as nothing to nasty happens over the weekend, I would fully expect the sp to start climbing as we roll towards the AGM. Im going to keep a close eye on the price and if an opportunity comes for me to buy back in, I will do. I took 81% profit, and thought rather than risking it and leaving my self exposed over the weekend, after hearing about the whole trump/china thing this morning, and after seeing markets falling over night, I would take it all back, and hang fire. even if I buy back in at 58.99p im no worse off........literally 3 minutes after I sold, the price fell so I feel a little lucky. Auto Manufacturing is dipping it's toes in at the moment, for what looks like another few weeks and then I would expect a nice increase in production, sometime towards mid to late July. It's rare that I hold a share for 2 weeks buying in at a low and selling 1p short of a high, but my plan worked out and it works for me. I will keep checking back daily and if an unlikely drop comes I will reload and get more shares!
Always said i would sell at 60 bought for 32.5p. So 59 not too bad. If it drops.much more ill be back in. But i really still think 60s by weds.....Friday always a bad day people selling up ready for weekend.....keep an eye on trumps announcement could fly after it if its not too bad
Just sold at 59. Made 81% profit so that's me for now. Only had a minor holding. Still think it will climb Monday Tuesday but just got a vibe from the board this morning I didn't like. I will probably live to regret it! Good luck guys
Car showrooms open Monday. Shorts evaporating. Dbx on target. F1 speculation. Aston Martin 300 of 500 have returned back to work. AGM on Wednesday. Db5 back in production at 2.7 million a pop.All looking good. A great option now!
Also......https://markets.ft.com/data/equities/tearsheet/summary?s=A5S:FRA
A great deal went right today for this share, and some of it after hours!
1. Deliveries of the DBX, which were scheduled to begin this summer, remain on course. “It is remarkable, what with all this going on,” says James Stephens, Aston Martin’s director of global government and corporate affairs. “It goes to show the drive and the determination of the entire company.”
2. Car showrooms are reopening from Monday.
3 The db5 is going to be manufactured again at a cost of £2.7m each, 25 are planned initially.
4. 300 of the 500 strong workforce at st atham are now working. ....I cant see it being much longer before Gaydon reopens, if they are having success with 300 people working at Atham, I cannot see why they can't simply replicate, especially with the prime minister relaxing the rules once again.
I don't know how it's happened but it appears that all the starts are aligning within a few days, almost snuck up on the market. I said this would happen though, as soon as things start returning the normally, the very second it happens, everyone wants back in at a good price, and under 60p is a great price for a company that could be worth 1.5 to 2bn within a year.
To me they are so close to generating income again that the risk of investing has lessened substantially over the past week, I don't think they will need further financing at this rate!
https://www.telegraph.co.uk/lifestyle/spark/in-this-together/reopening-aston-martin-st-athan/
You gotta do what you gotta do. I think by Monday/Tuesday. The interest will peak before the AGM. Cannot rule out 60p now. Seems to be climbing a few percent per day now. From previous shares, My experience is that people will try to get in before the AGM. Sentiment is growing, and AGM will be pivotal. I think for my holding its worth waiting until at least the end if August to factor in some more news. DBX production will give us a good.boost.