Member Info for Corryvreckan1

Just to add to T’s comment - although your assets should be protected and recoverable any administration/liquidation would take some time to process so you may be locked out of your shares for a while, maybe on a phased release basis, plus you could be liable for some of the costs relating to that process (although maybe they count as recoverable losses under the FSCS scheme?). I’m not sure if any loss incurred from an SP fall while locked out would be covered?

IG have a good summary of their protocol here:

https://www.ig.com/uk/client-funds

other platforms should have similar, and if regulated by the FCA they will have.

Charts on the demo working fine for me, anything you need?

And I’m now realising that the June futures expired at a decent level on Tuesday when I was layed up, thought it was today. I really have lost 2 days this week!

S: yeah, tankers being hired up at inflated prices just to store the stuff rather than cut production. It’s all gone mad. June futures holding up though, my recovery shares doing better, for now.

T: Still getting a few twinges (the twinge – symptomatic of a time of life rather than a specific condition!) so not sitting around too much today. Not got to the foam rollers yet.

Yeah indices drifting away again, waiting for US open/POTUS twitter storm.

US job claims just above estimate and well down on previous week according to IG. Markets seem to like?

I read on an oil BB that China have been hovering up loads of the cheap oil recently and also have a number of supertankers loaded for delivery to them in the next few months. Seems they are looking at the release from lockdown starting to accelerate and trade opening up again (although maybe not so much with you know who?).

Good morning all; welcome R and best of luck with your new approach, not dissimilar to me just now.

S: did you see my reply on MRW when you got back yesterday (page 128, 12:34). Held up from dropping too far this morning but I’m still not seeing an entry.

Urgh – these prices and indices are all over the place, trying to get a feel back on which way the world is spinning (it’s still anti-clockwise, right?). I’m laughing at the POO, it’s like negative oil last month never happened.

S: MRW - I looked at the weekend and decided against the divi (although 2.5% is no bad at the mo) but thought then that there may be a swing trade* opportunity starting to appear based on the daily chart and 50/200 dma. I don’t see it in place yet and changed a bit by the slide this week, will keep an eye on it for now. They seem to have been doing lots of good things around lockdown but the costs of it all are a big unknown, away from the customer/community/investor friendly headlines.
* = “old fashioned”?!

Thanks for your concerns (teasing from fast moving day traders noted and eyes duly rolled).

T: thanks for the tips, I will look into that. I’ve not had many back problems recently, was more often when I was office based/studying. I find that modern advice of keep moving around rather than lying down in a fixed position works well for me, but a roller massage sounds good right now.

V: “free petrol” – thank you, that was the laugh I needed this morning :)

Good morning
Apologies for not contributing the last 2 days, I hurt my back on Sunday night and have mostly been lying down and walking around as sitting and standing were too painful. I gave up trying to find a comfortable position to use my laptop but did find that paracetamol makes me very sleepy. I think I first tweaked it cleaning my oven – the hidden cost of CV, doing all those chores you were putting off. Just say no kids, no to oven cleaning, it’s not worth it!

Gradually improving so back at desk for short periods today. Seems I missed a lot of posts, I will try to catch up and reply as the day goes on.

Hope you are all having success this week.

I have just received an email from a small workplace pension from the last project I worked on advising that my annual statement is now available to view online. May wait until I have poured a second or third glass before squinting through rose tinted at that one :(

Have a good weekend all, more monkeys to catch next week.

Congrats on those trades T & V, and I like that vision – steady accumulation of parts towards a bigger dream.
I was using CCL as one of a few to test out my new live data feed and chart options, saw what I interpreted as an oversold signal at £8.34, but by the time I got my wits together and stumbled over to my dealing platform it had leapt away. Got my homework for the weekend sorted now!

Futures were doing okay until America got out of bed, testy close to the week coming up. Lots of uncertainty on a Friday pm never seems good. Not that long ago that phase 1 trade deal was the herald of a new dawn, etc.

Good morning and good recovery
S: Strange one on MRW, sector up overall, although possible read across from OCDO given their delivery platform? [One of their platforms, they were a latecomer to the online party but now seem to be ever widening their options – Deliveroo???] Profits already taken after steep rise from the TU last week but maybe momentum from that carrying over? Holding off for now, but thanks again for the mention as I have just noticed that Greggs is also in that sector and I now need to add that to my reading list, as well as fantasizing about steak bakes (so that’s a recommendation for expanding your waistline but not your bank balance).

S: Yes, still holding FEVR, and most of my div will be from my perched shares so I’m glad I reduced the volume of tranche 2 that I bought back last week so not hurting as much today (as for the rest of my portfolio… sob!). I need the words ‘Take the damn profit already!’ taped to my screen.
Thanks for mentioning MRW, might include them in my weekend reading. I was tracking them before but they dropped off my radar. Most of my divis at the moment are by default rather than design.

I’ve spent most of this week playing on the IG CFD demo - I see what you mean by fast, almost too fast for me sometimes, but I’ve broken the inertia and now into the getting familiar stage. Love having their derived live data, big difference particularly today in all the chaos. I’m sure I will migrate to their share platform (it makes II seem like an old MS-Dos spreadsheet in places), just need to work out timing of ISA transfer as will be locked out for a while.

T: I too hope that scenario plays out tomorrow but there’s also concern around that this could be a bear rally and we’re heading back to mid March levels (gulp). I’m staying c.30% cash for now, but foolish optimism is my default setting so hoping that the Dow rise carries through Asia overnight and onward.

Mañana

Sorry S, that looked horribly bot driven on FEVR today, maybe with a stop loss shake at the end? Hoping that was all for MMs accumulating stock for next two days.

S – I’m hoping that slide on FEVR was just profit taking from the early spike, thought it was going to bounce nicely of 18. Nervy now but still holding, and hoping that T’s comment on MCRO about an upward trend hitting a low around 9-10am will apply here as well :/

Sorry, should clarify that neither of them are for stocks regularly discussed here.

Good morning All,
LSE still having some problems with RNS reporting if you rely on that, just found 2 7am ones via BB chat but not showing with a red dot on my watchlist.

S – Thanks again, that’s what I was hoping.

Forgot to mention on FEVR that they have proposed a final div of 9.88p payable on 12 June, subject to approval at AGM on 4 June, but they go ex-D this Thursday 14th. May also help push a slight rise in next couple of days (he said, hopefully)?