Member Info for Boyobach

Good point Pokerchips.
That OCDO v AMZN comparison seems to cover today’s move back down, pretty much echoed by MKS too:
https://invst.ly/y798o

Newdealz: thanks for clarifying your 'boom' comment. It seems one person's boom can be another's damp squib.
I agree about your trading comment - but I usually post with longer term targets in mind and rarely mention the trades I make using maybe 25% of my holding, aiming at 10% profit per round.
I quite liked this comment in an article about tech stocks:
When markets take an ugly turn, it becomes harder to see what's wheat and what's chaff. During the current downturn, investors are selling everything indiscriminately, pushing the value of some of the best-run companies to the point where their stocks have become quite attractive for anyone maintaining a portfolio of long-term holdings.
The US’s second most valuable company, Microsoft (NASDAQ:MSFT), is one such example. Shares are down about 25% this year amid the rush by investors to avoid high-growth stocks...
https://uk.investing.com/analysis/is-microsoft-a-bargain-after-shares-lost-25-of-value-200519544

What's your definition of 'boom' Newdealz?
Mine would be a significant breakout above the upper green or, preferably, the red here: https://invst.ly/y6zs0 …..Before mid June would be nice….
My charts weren’t smart enough to predict the Myrmex announcement - glad Casapinos was on the ball.

A promising start to the week prompts me to review and adjust the green upward trends here: https://invst.ly/y6u4v (4% up in the first half hour)
Let’s hope it continues during the day.

There is never a perfect comparison , Chilting, just as Oil Majors don't slavishly follow Oil Price all the time, there are times to take note and there are times to ignore. I’ll keep an eye on AMZN v OCDO as I think it can give a useful indication of whether OCDO is slipping further within its rather niche sector. In terms of charts more generally, I think OCDO has followed most of the norms when it has broken trends and support levels. Any trading mis-steps I’ve made have been - as is usually the case - due to prematurely speculating on its next move rather than waiting for an adequate signal. I’m currently in a fairly even trading position: relaxed if it continues within the 700 - 830 price band but ready to double down if it plunges to 550 or less (subject to the relevant indications, context and prevailing market!). I think suggestions on this board of a 300p target are overly pessimistic but I’m not ruling out 500. Until significant and sustainable profits are generated, I think this remains relatively high risk and vulnerable to even minor shocks. GLA

Yes indeed Chilting, AWS is a supplier of cloud based services - a description which totally understates the range of resources that they provide customers like OCDO. But I’m not sure what your point is? I don’t think OCDO is in that league - but I do think that the mix of on-line, retail, warehousing and technical IP is a closer match in terms of business profile than reflected in a broad retail index or my earlier comparison with MKS.
https://invst.ly/y6pkp
I’m essentially trying to identify whether OCDO has become oversold or whether, as Hedged and others have suggested, it is still overvalued, perhaps by as much as £3 or more (which would certainly fill the gap to 541 that troubles me whilst the price lingers near 700).

Thanks for the date correction SFH. The big drop was indeed on the 12th May.
This exercise has got me interested in the performance of OCDO against AMZN, which is shown here, rebased to January 2019:
https://invst.ly/y6jws
This does illustrate a quite conservative comparison between the two - suggesting that OCDO should not have strayed much above 1900 and that more significant disappointment with OCDO only seems to have kicked in this year. Trying to establish a rational valuation is currently rather difficult - it's highly subjective as the range of posts here indicate. However, the chart does suggest that OCDO has been more heavily influenced by factors that are also driving the AMZN price.

And here's that last chart, for May, with AMZN added:
https://invst.ly/y6icy
Interesting.

One of the difficulties of assessing OCDO is, of course, the dual nature of the company as both a Tech and a Retail Organisation although its tech wing is so closely dependent upon retail that the sp is heavily influenced by that market sector. So it seems worthwhile comparing OCDO’s sp performance to a retailer with which it is closely associated: MKS. Here’s a comparison chart of the two since late 2019:
https://invst.ly/y6hru
The main takeaways for me are that OCDO’s runaway sp during 20/21 had normalised by late 21, just as MKS was recovering post-covid. Both of them then suffered a very similar rate of decline from mid November through to the beginning of this month. However, whilst the fall in MKS arrested about four weeks ago, OCDO’s sp has suffered around £1.60 (17%) of additional decline, most of which occurred over just two trading days, the 5th and 6th May, and well before the big glitch on Thursday 13th :
https://invst.ly/y6i0b

That's a significant press release Taskmaster - thanks!

So is the red line here ‘a thing’ or a mere technicality? If CWR is over 680 next week then, whatever the red line is, the sp will have broken through it and be free to float up to the next resistance.
https://invst.ly/y676-

Regarding Brent, Jim.... it seems to be settling towards the 100-110 price range. We're into the US driving season and I reckon it should hold up pretty well through the summer: https://invst.ly/y63zv .

Ha! I'm not worried about going back into G, Jim - although I do check on it now and again.
My Shell holding has effectively paid for itself because of the trading I did from around £9 up. Now that it's above £20 per share trading gains are much harder to achieve (because the % gains are less and trading costs are higher per share) but the dividends are ok - especially if you can boost them as I did by selling a portion into yesterday's ex-div, which lifted my overall dividend income by 70% this time around. Even today Shel remains in an uptrend: https://invst.ly/y63r4
there seems to be very little downward pressure so I'm content to see how far it can go.

Valueplay’s comments do touch on the problem with discussion boards like this, where you can quickly get categorised as pro or con a given share - sometimes becoming labelled a ramper or de-ramper. Investors must re-evaluate all the time and being classed as a ‘cheerleader’ can make it difficult to post objective comments without raising suspicions about the motivation. Sometimes it does seem best to say nothing.

I agree with Jim. However, I did sell 33% prior to ex div purely because I could see how Brent was moving - it has fallen by $7 since Tuesday - that's a much more significant impact to the sp than the divi drop of 20p. Bought back today.

I have to disagree about the S&P 500, NewDealz. Apart from the fact that the S&P Market timing is different and OCDO dropped ahead of it, the fall was disproportionate https://invst.ly/y5ybr . M&S provides a better comparison - but OCDO was still disproportionately down: https://invst.ly/y5ydt .
Valueplay's post makes some relevant points.

OCDO does seem to be being played like a fiddle. I guess with around 12% of shares on loan (as of April according to Euroclear) we can expect some shorting manoeuvres. Unlike last Thursday’s joy ride, today’s drop looks specific to OCDO rather than broader market to me (15 minute chart):
https://invst.ly/y5xsh
The 'daily' chart shows how volumes have been increasing:
https://invst.ly/y5xus

No need to wait for end of day - as soon as this dropped below the dashed line and back towards my buy point I was out: https://invst.ly/y5uab
Volumes (at bottom of chart) not high (if investing.com's data is correct)
The technical term for OCDO is 'basket case' .....(big laugh emoji)
Very much a gambler's share as far as I'm concerned.

Wrong direction this morning, does not look good:
https://invst.ly/y5smo
Less risky prospects elsewhere methinks.

Have you retook a position yet Boyo?
Yes - doubled up today, actually. However, do not read that as a recommendation - it's very much a speculative move because of the fragility that others have discussed and the general level of market uncertainty
Regarding OWLS comments about day-trading: I wonder what evidence he has for '90% of day traders losing money'?