The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@ bankrupty - You missed all the previous discussions....
You saw a share fly up. Jumped into that share board and now you frantically want to understand what is going on so you don't miss out.
Take time out and go read through all the previous conversations.
It's been debated to death.
@HeresHopin
I'm not going to get into an argument with you over minor details. You made a fair point, and well done you for correcting me and saving everyone else on this forum from false information.
But sadly you also missed my point, which is that I just wanted to point out a very strong support around this price level.
On the 19th March 2020 it opened at 494.7 and reached a low of 409 but it closed well above today's price at 499.8. Since then the price has bounced at or around this level.
@NorthScot - Indeed. I can see on the graphs it has spiked slightly lower than the current spirce. I just drew a support level underneath today's price to get an overall view.
And when you do it's very obviously a strong support.
Has anyone noticed, this is the lowest EZJ has been since about 2012. This is also the level from which it bounced after the market collapsed with the first lockdown...
It's one heck of a support level..It's bounced of this level since March 2020 several times and it hasn't gone lower...
So that's the good news. The bad news I guess is if it drops below this level then I guess that will be very bearish...
Saying that, yes we have a war on our hands ..If it wasn't for that enormous problem, for anyone who missed out on the original bounce, here is another chance...
Or is it? Any thoughts? I guess the war will win out over technicals and graphs...
@Paultheman12 - I'm also looking for a way back in whilst wondering the same thing.
I didn't buy back in after it fell into the 40's recently. It felt like a great re-entry point, and I wanted to but all the markets was still very much in the red just before the UK market closed.
It felt to me like it would be safer to wait and see what happens to the US market overnight before buying back in .... But then the US market suddenly turned around just before it closed and performed one of the most spectacular turn arounds ever...
So the next day the rest of the markets gapped upon reopening...So I didn't re enter...
Personally I think today's rate hike is priced in, but equally I would expect to not see the 40's again. With inflation going up and interest rates rising all over the place and a few more in the pipe line surely it should only be up from here...
But then there is a caveat..Markets just aren't behaving like they used to...We all know that...And we also know the US market influences everyone else, more than it seems to have ever done. Probably not helped by the fact that they printed like 40% of all the dollars in existence today in the last 18 months or so which is all searching for yields...
This may go up if rates go up today, but we all know, if the US tanks, it will take it right back down again...
I find it so difficult to invest in this day and age with so much capital sploshing around. Especially when so much money and all that newly printed dollars is looking for yields whilst there is so few places to go to find decent returns others than in equities...
I think if you buy in now, the trick would be to leave it alone for at least a year, and I'd be surprised if we don't see a very decent return in that time, perhaps even spectacular I hope...
@Joshthom93 - If LTI and Falk created a whatsapp group, we won't see their bets. And that's kinda why they are here...
Look at their number of posts, they use this board for approval and validation. This is their lives. Falk personally use this board as his personal audit log for all his trades. At the end of the year he can see exactly how many trades he placed just looking at it. It would be great if he was able to write it somewhere else....
Look at how LTI attacked me over a previous post. Why? Because I stepped on his domain, this board and this crowd belong to him. He posted many thousands of messages here and he spent many years on this forum gagging for attention and recognition....How dare anyone steal his thunder..
His attack on me is classic. Putting others down to make yourself stand out is a tell tale sign of insecurity. That is the style of LTI. If he can't stand out, he will attack you if you stand out and try put you down.
His earlier messages was nothing short of provocative, but that is his nature and the nature of an insecure person. They try provoke you to get a reaction, because they live of reactions...People liked what I wrote in an earlier post but that really got under the skin of LTI and his jealous and needy side flared up. So he started to openly pick my post apart one after the other to try and put me down in front of 'his crowd' and 'his people' to make himself stand out. It is pathetic but that is LTI...
He treats this forum like it's his Coliseum and like he is the main gladiator in here and is if all the rest of us are challengers to his crown...
The major difference is Norway isn't as indebted as us...They are a very rich nation and they have that sovereign wealth fund which is sitting at over a trillion dollars. Their debt is something like 150b dollars so they can easily just pay it off..
So they can do that...But Rishi will be telling BOE not to raise as raising it will worsen the treasury's finances significantly...As I mentioned before a rate rise to 0.5% would add £20B a year to the treasury in interest costs alone..
So our problem is that the BOE is run by the Chancellor...It's absolutely not independent and as we all know house prices must be protected at all costs. If house prices drop the tories will be out next election and they know it...
I'm in the red on my SB and a rate rise today should erase that nicely. But I just don't see Rishi allowing that...I'm getting ready to take my £1k loss at 12:00 whilst at the same time shorting it in the hope I get get that grand back.
Last time Lloyds dropped a lot. Now ok, last time a rare rise was priced in and this time I believe it isn't.
@67sam - You know nothing about the project...You have no clue what you are talking about.
You've never seen the code or wrote one line of code for it to comment on its design.
And please go back and read my original comment. The line you quoted was about the civil servants of whom I said had zero technical ability. Not the GP's!!
And how pathetic to say no one forced me to do it.
Yes, we should all have walked out on day one and found easier jobs because it was a little tough. Good thing we didn't need to rely on you when the Germans invaded!
@67sam - By the way, fee free to tell us where in your life you have ever helped anyone else or improved someone's life...So easy to sit on the side line and judge others who are at least out there doing their bit and what they can. I guess we should have just not bothered with the system. Why pay millions each month when you will have a few receive delayed payments which is also most often because the claimant supplied incorrect information or the agent made a mistake when approving claimant information none of which we can do much about but which we then need to fix...Should have just no bothered, eh Sam...
@67sam - We had at one point 9 million on UC. Given at one point out backlog was 4000 yet millions was doing fine I think it wasn't too bad.
Although the post was clearly lost on you...I was a worker there like anyone else. I did not make the decisions. You think us being in charge of service delivery didn't scream and shout and demand more resources? We begged to create our own level 2 team and put them alongside us. We had countless meetings and talked about the process over and over and highlighted what needed doing.
In the end I left because I was that fed up with managers not listening. Anyway, the point was we were treated like doctors at A&E when the failure is well before that. Always easy to highlight our backlog but no one looks or care about how the GP's are performing....
Disappointed in you suggesting we had no empathy. When I left i myself fixed over 4000 incidents and that was not my only job there. We were only about 4 who actually could fix incidents. When I left I was already working Saterdays and Sundays as well to help claimants getting paid. We suggested we should stop development and put all teams on fixing the incidents and bugs...We tried it all...
The NHS reminds me of when I worked on UC. We build UC at DWP in London, once the software had gone live we set up a 3rd line support team to handle live incidents. Obviously development was on going ie adding new features etc and it is still going.
I was put on this team, we were about 8 in total. We were then told 2nd line will be in Newcastle..These are the people who ran the old legacy UC the infamous one.We were the team to rebuilt that system that was built by I think it was IBM.
Anyway, the team in Newcastle was civil servants, they all joined since after school and been there for decades. We had no choice but to inherit them...As 2nd line, they were supposed to triage all incidents, do the ground work and fix what they can before passing it to us. As 3rd line we were the last line, we could not reject anything.
When I think of it, I think 2nd Line in the NHS is the GPS's and 3rd line is A&E ie the hospital. The major problem we had was that 2nd line was of no use to us at all..They could not even take information in an incident and copy and paste it into the subject line without making an error..They had zero technical ability, zero interest in the project, they were just put on it by their superiors ie they weren't recruited to ensure they could do it. They were all buddies, went to school together and has been there for decades. Lovely people, but ill equiped.
I myself spent weeks there traning them, everyone trained them, we tried so hard, but we could not change them. This team very quickly expanded from the 4 there originally was to eventually into triple digits. We were stunned since we in 3rd line stayed at 8. We now and then had a dev or two rotate into our team for a week or so from another to help but that was it.
Our backlog was at one point I think at 4000, that is the number of people in live cannot get paid or their claim moving forward because they are waiting for us...We were always fire fighting. In Newcastle it was all about numbers, the managers of 2nd line told them they must do a certain number of tickets a day. So instead of the emphasis on being fixing the incident, it was on moving it along. Anyone that has been around long enough should know once you start focussing on numbers, quality goes down.
In the same way the GP's can only triage, and they all are focussed on numbers, its a turn style they run. You must be in and out in 15 mins, can only ask one question.
They can hardly do a thing for you, x-rays, scans, remove a grown in toe nail, many still can't even take blood...So what do they do, they send all to A&E and you get your massive backlog.The hospitals stay the same, the number of nurses and doctors stay the same...GP's get paid a lot of money but adds very little.
They keep increasing GPS like they increased staff at level 2 so it costs way more money but is now even less efficient as even 4 was of no use to us let alone 100. The process that needs changing is the one before you g
Tomorrow at 7am we will get the UK Employment Change and the UK Unemployment Rate...So the central bank fraudsters have been telling us they don't care about inflation, it's now all about these values...
According to them if these values improve tomorrow then a rate rise should occur. Off course this is nonsense, they will find another excuse no matter how much these surprise tomorrow morning and we all know that excuse...
Either way, so this has dropped like a stone right before this data is announced...
So is this because someone already know this data and that say it will impress so sell today, drive SP down buy in late in the afternoon or before market tomorrow and ride it up...
Or will the data just disappoint so sell today and buy back after tomorrow's fall if there is one...
Who knows...But it's clearly being manipulated when no news related to Lloyds have come out to justify this.
Anyway, I'm now down quite a bit, real shame that. If tomorrow's data disappoint it will probably gap down and loss will be bigger..
If it impress, then I guess nothing will happen anyway and loss will remain because no one believes Bailey can or will raise rates.
I read last week that the UK gov will have to pay like £20Billion extra a year in interest if they raise the rates as Bailey indicated he would hence I joked Rishi called him and told him off few weeks back for saying rates must rise...
Just can't win...
I sold out this morning, but this just shows yet again, where the US goes the rest of the world follows...
You got to love that place, if the fed states they will start printing, it does not matter how dire the situation look, the US will buy like there is no tomorrow whatever happens anywhere else.
If anyone comes out and says there is a vaccine, it doesn't matter if it was properly tested, how long it will take to deploy they buy like hell...If someone comes out and say we think the vaccines works on whatever variant they buy like hell...
They don't care what happens outside the US...Europe can be down, but if their market open and they will buy if they think that is what needs doing regardless if europe tumbled however far...
I've been thinking for a while now, is there any point trading any other index or stock other than US listed stocks? Why not just trade US airlines or US banks etc..They dictate where all other stocks go anyway...One has to keep your eye on what happens there more than what happens here I've found and that is odd...
How many times have the US not dragged europe down or pulled it up....Not only does fundamentals not matter anymore, but it now seems nothing matters anymore other than what happens in the US....
No idea why this suddenly jumped. But it's the fastest I've ever sold.
Was considering selling about an hour earlier for a £700 loss after thinking getting in here yesterday was pure fomo after the big rise the day before.
Then it went down to -£300 and I thought I'll take that, then suddenly it went towards £0. Couldn't believe it.
Frantically tried closing it on IG on my phone but it didn't have the option to close!? Ran, switched the PC on, then no internet and finally got a quote in and sold for £30 profit which to me is really a £670 profit!
This may well end up 5% in the blue given how it is fluctuating at the moment but I'm happy to be out. Will wait till things are more certain.
Had sell orders in, but IG was frozen for ages..I could not do anything..Now I cancelled the sell orders on this and RR...
This has got to be an overreaction, we all know this is how the market behaves.
Off course what we don't know is about this new variant, but then we've learnt the scientists overreact just like the market..
All they can do is predict the worst outcome, nothing is ever positive...
Anyway, I will see what I do throughout the rest of the day. Wish I had an idea...If it can come back to say 5% down by the end of the day which I know is very optimistic then I may sell just to sleep better over the weekend...
But the loss now feels too big to sell for something that I'd say should recover. I mean we've been here before with new variants. Right now at least people aren't dying like they did when this first appeared and most of us already had the bloody virus and/or we had a vaccine..That all seems to be excluded right now..
Just a shame as things started to look very good for us with traffic returning to the US...