Member Info for contrarian123

Ant - did I say I bought? Not now. Waiting for 5p as I have been saying for weeks now. You just HODL dear

Demand destruction underway - No one will escape no matter how good the resource

oh and forgot to add - It is by no means oversold - before anyone says it is on the basis of the price fall rather than technicals. Still a lot more room to fall and we haven't had the bad RNS yet.

Weekly trend down, daily trend down, momentum indicators down, a great teacher I know has told me don't go fishing bottoms fool. Wait for signs of a reversal. Reversal we do not have. here. 100p. more likely than 200p

Closed @128p yesterday opened at @125p today - Thank you for the split - It makes the falls psychologically more palatable.
Slurms what do you think in the context of the trend is the likely scenario. A trip to 100p or a trip to 200p. Daydreamers unite

More voices like mine ages ago, are joining in
https://twitter.com/SimonSaint3/status/1538955095366422530?s=20&t=p2B71xrab9LYEm_ejf_Ghg

I see a bullish formation over the last 3 days - won't read too much into it as we are in an environment of quick scalping so the lucky ones that bought in the 65-66p area are more than likely start taking their 10% soon

Well done Carrington

I basically agree with you Pokerchips

Pokerchips - if anything after Brexit the UK government will have no one to blame. They are positioned worse. The country is not producing much apart from guns and the service sector. No real agri, food, cars (dont make me laugh).

The pound will never be strong again. It is fast becoming a Mickey Mouse currency. Brexit is one reason, huge trade deficit another and now the looming recession is going to stop inflows of money coming in to the City and London for property investments. No one really wants sterling. Brexit was the killer for it. This is why the only companies that do well in the UK stock exchange are the ones declaring income in dollars or Euros. Pound is the representative of the small island mentality that has been engulfing the UK for the last few years. Would have been nice if they had any kind of military or political power but they UK is governed by clowns and public no appetite for military actions anywhere.

Jed, as usual you do not want to hear reason you are one of those that want good things being said on forum boards thinking that it will help the share price. You are deluded my friend. I have shares inn ITV - free shares effectively after the profits I have made

Jed this is not about debt from govts. Its about the tapering and tightening that reduced discretionary spending coupled with the increased cost of everything. ITV is in a sector that will not do well out of it.
You are all missing the point.

Tom European states will not default. If anything inflation is helping their cause because it eliminates debt easy from their books. This is not what you should fear. What should be feared is that tightening or tapering is here for the foreseeable so the supply of helicopter money that fuelled the consumer binge and the bounce back from the pandemic is over. It has to be paid back to tax coffers. So all discretionary spending is easing and ITV is in that bucket of discretionary spending. Call it reduced advertising revenue, increased costs to produce. Future is not good for ITV and the lame dame's strategy is the nail in the coffin. They are happy to plod along until they all retire. Look at the BoD they are all in it for retirement I can't remember a young dynamic person in there.

Don't try to catch it. There's a reason why ITV is being beaten down and it is not just down to the wider market. It is because of the useless board led by the lame dame. It would have been different to experience a 4-6% drop from the price prior to her announcing her lame strategy than it is now. Don't look at the market look at Carolyn Mcall and her useless BoD

Well I should have known better....Heading to 66p again - so much for the small rally I saw

I will hazard an educated guess which may backfire but we will see a small rally. Key for me is to break 74p. Then we may be talking about a breakout. Otherwise it would be an opportunity to exit this dog

The masses watch `simon towel and ant and dec - ITV is not for the discerning viewer it is for the mass brain washed

Prisons and old homes demographic do not spend...There's a reason they are neglected content wise

Also the Naked Trader bought some ITV shares for a swing trade and he banked the royal sum of 95 pounds! Great but don't write here telling half truths. He had a stop of 62p and he quickly made some money on a 5000 share investment. That is an abysmal return slightly better than a savings account and for NT to take profits means that he has absolutely no faith in ITV being a long termer or a runner for him