Member Info for contrarian123

Unfortunately Tom the hardest thing to do in investing is managing your losers. This is why about 95%+ fail. Because they just cannot escape their ego psychology. They think they are right they persist adding to losers and forever live in hope. This board is riddled by these weak minds.

You did well in cutting your losing ITV position and focused your energy somewhere else. Learned your lesson and moved on.

It is difficult to teach these old dogs new tricks. They have a boomer mentality.

In practical terms being right means that ITV is governed by a descending trend line connecting tops since Feb 23. Something you cannot get out of. I have mentioned this in the past but everyone fails to see. Breaking this trend line requires.

1. A bid. I have calculated in the past that any bid would be done using a VWAP as per industry practice. ITV is not the prized asset every blinkered imbecile thinks here. So I had estimate in the past a bid would be in the region of 90p-105p.

2. McCall resigning and a new CEO immediately appointed. This would send a strong signal that finally sense is being seen and would provide an immediate uplift of 10% from wherever the price sits at the time probably mid 60's. It will then fall until the new CEO announces a plan and is not just another continuation monkey.

3. McCall resigning without succession and one TBD within X amount of time. 5% instant uplift and then drop possibly below announcement date.

4. End of war in Ukraine etc etc. bears absolutely no relevance. A possible chance that UK may choose to strengthen EU ties perhaps a slight uplift.

I also like being right and for the last 2 years at least I am right

I am here because I am still amazed at how imbecility and stubbornness rules. I will be gone when the last of you admit defeat or manage to exit ITV when you recover your losses and have a chance to reflect how it took you years to exit a bad investment. I am also here because even I need a reminder once in a while of how bad it is not to cut losers and focus on the next growth play instead of being stuck in disbelief and willing to accept failure.

Nice start to the day with a nice little markdown of 1% and into the 70's for the losers of this board. For years you have been the ridicule of many.

And in fact I actually made a mistake it is 67 stocks, ETFs and very few hedging products. Once you start thinking in terms of thematic investments and not only single conviction stocks it becomes easier. But your little brains that are single stock focused and spend your days scouring for news on a single stock looking for hopium it is obvious.

I will give you an example. A couple of days ago I gave you research work on Venezuela. I doubt anyone of you have the brains to research but let's assume you do.

I did my research looked at technicals of about 15 companies in the US and one UK listed (hopefully not for long...) and narrowed it down to 8. I created a little investment pie of 8 out of the 15, decided on the weightings each of the 8 should have in this pie and invested in all of them. I don't worry so much about each invididual stock, I worry about the sector. I track the performance of the pie.

And everything with managed risk and diversification not all money thrown in a single stock like the local Pogo imbecile

Portfolio 25% last year. Show me your envy losers

You keep reading your books sunshine while we take your hard earned by being able to read geopolitics and analyse technicals. I have in excess of 50 holdings they are all making me money today. I also have 3 longs since the am in gold silver and SPX. Have fun watching paint dry on ITV

Oh dear the losers are really squealing like little piglets. Meanwhile non-woke real businesses are flying. Lloyds Vodafone Aviva roll Royce many others. Not you ITV. Sleep tight bid incoming ha ha. Losers unite bash me. I have been telling you for years how bad an investment this is. Everything else at all time highs around you and you are stuck in the mud

FINGAL I still think you are one of the most knowledgable people on this and other boards when it comes to stock market mechanics but boy you drink the cool aid and live on copium for so long. Clearly you have been suckered in and despite your losses you just hang in here in hope. ITV if it weren't for the perennial rumours would be down in the early 70's

Robs, I am a contrarian not an imbecile. There is nothing to be contra here. There was plenty to be contra about other things like Gold and energy stocks and plenty to be contra about tech stocks these days. But not ITV.

Bringing up old stories in the absence of anything of substance. This is a tactic that the geriatrics and imbeciles of this forum do. 5 years is a century in the tech space.

You people are clutching at straws in the hope you can exit a bad investment. FTSE250 is absolute garbage still. Things have changed admit defeat reconcile your grief and move on

Certainly no capital will be put to waste PogoStick Man by investing in ITV. Just because you are seriously under and underperforming even a basic FTSE tracker does not make you a genuine holder. It makes you a dumb investor stubborn to accept that you have failed here and desperately trying for Years to make up you ever widening loses and to accept the truth.

Now I gave you work to do imbecile go do it and make some money. Thank me later

Buddy Oil is going to puke come open on Sunday futures - They are already 4% down

Peace comes as a result of low oil prices.

No more Iran, no more Qatari's and their funding of spurious causes , no more Saudis

For ITV to recover in order to exit their high averages, I am doing research to see who will benefit from a change of regime in Venezuela (VZ).

Who holds most of the Venezuelan debt?

Who in the US can process the special Venezuelan crude?

Who knows from past life the VZ oilfields better than their state authority does?

Which ships will cease or be severely curtailed in their operations and which shipowners will benefit from transportation as the shadow fleet looses presence?

Don't say I don't help you. Go and do your research and make some money rather than idly sitting watching and hoping that your bad investment choices will come good.

Reproduced here

As ever, the buck should stop with the head of the company. Whichever way you look at it, the Dame is demonstrably out of her depth.

Her previous Guardianista roots have flourished under her stewardship, to the extent that ITV is woke beyond belief and likely having a detrimental effect on company image and performance.

How many public appearances or utterances has she made in eight years and with what success?

Her calamitous handling of Piers Morgan and her demands for a public apology for his daring to challenge Megyn Markle’s ‘truth’?

Her excruciating appearance before a Parliamentary committee, insinuating she knew nothing of the groomer-in-chief Schofield when everybody else within the company did?

Why did she turn down an invitation from Labour to become a government ‘adviser’; on matters of business, a post which could have given her a decent public profile? Surely not because her weaknesses as a leader might have been exposed?

Her previous tenure at EasyJet coincided with the boom in low-cost flights, good fortune rather than business acumen perhaps?

Whilst I appreciate any of the current bid-talk necessarily takes time, the near two-month silence on any update whatsoever becomes more ominous by the day.

To conclude, such leadership does not come cheap; after all, it takes a special type capable of extracting £22 million from a company whilst decimating shareholder total return. Bottoms up!

Midcaps and dogs are not going to do well. UK needs a structural shift. Outward looking FTSE 100 is a different story. Sorry ITV losers you are being warned for years. Only thing that can save you is a 90-105p bid or McCall admitting finally she is a failure and someone that wants to shake things up moves in. Rip the whole thing up

Rolls Royce hitting double top , YCA uranium play at yearly+ high, VODafone on a tear, LLOYDS too others most likely the same, IUKD a simple index tracker on a tear, Losers stick with ITV