Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@JG68 - "The problem is Javid opened his mouth about 100k cases whereas C Witty only mentioned 50k on the covid briefing on Monday."
That figure certainly put the cat amongst the pigeons...But Javid knew exactly what he was doing..
You must remember he is a politician and on top of that in charge of health and he just said they will drop pretty much all measures on the 19th...
I feel Javid has seen all the data, is confident the link between infections and hospitalisations has been broken otherwise how can he so confidently ditch nearly all measures on the 19th...
So what do you do now that you have set the deadline which you cannot break again but equally you did it based on data?
Well if you know the the vaccine breaks the link between infections and hospitalisations you want to exaggerate the situation as much as you can to get people to go and be vaccinated whereas Whitty is a scientist and they cannot do anything other than be lead by facts.
Politicians don't care to take a number and just double it for effect...
So you throw around things like 100 000 infections per day , fully jabbed people will be able to fly and fully jabbed people will be treated differently etc.
They knew that extra month would have to be fully utilised and I feel it's obvious they are going out of their way to spread the worst case scenarios to get people vaccinated.
So I've not got upset with their messaging as I feel I can see what they are doing...
It's clever albeit I agree very frustrating for us as this news hammers the SP...
@Dragon9
Exactly, if everyone who trades manually realised most trading are done by algos and they did a course on writing algos and hopefully wrote one themselves to understand how they buy and sell.
Then they'll never again think there is some dark force in operation that is somehow out to screw them and manipulating prices and the market.
Technical matters because algos trade only on techncials and algos does the most trading.
Porsche1946 - I was commuting from Reading to Luton everyday. It was all fine as I started work at 07:00 and left at 16:00, then I got a new manager. She decided to make the working hours from 08:30 to 17:30. Leaving Luton airport that late meant I wouldn't get back home before 20:00. She was not open for communication or consultation with anyone so even though I just received a new contract I left.
@Jatw - I sadly agree with you that they like many others just have so much debt that once the reality kicks in ie a few consecutive quarters of results then this may go south.
I worked for easyJet for many years. Of all the companies I ever worked at this was the best one. I even played cricket for them!
Was in the team that delivered allocated seating, something I'm still proud of, albeit more because of the fact that never before have I worked on a project on which we followed the agile methodology as close to the letter.
My first project was passport swiping at the kiosks, then spanish discounts on the web and APIS, did extra bags and extra weight etc, etc...Translating the holidays website into I think it was then 5 languages...
Far too many to mention. Made lifelong friends who I still hang out with.
Have a few friends left there. Lockdowns has destroyed many good profitable companies.
I remember when I first started we made £3 per seat. I was amazed it was that tight!
First office was the tiny little one right next to the run way, loved it, had a great view of the planes as they went past. We had a foosball table and many foosball competitions!
Then later in the hanger we overlooked the planes on one side the hanger and we were on the otherside, when they tested an engine we had to stop our meetings as we couldn't hear anything other than the engine! lol
Hope they make it, it was a well run company if I may say so. Excuse my trip down memory lane. Best company I worked for in my 20 year IT career.
This is the news on my trading platform about CINE for today. Don't really see anything in here that could have caused the drop, other than algos perhaps scraping news messages and picking up words like cinema and demise and selling off..Who knows...Cine seemed very strong yesterday so this is a surprise. It's around the support level now so should stay here at worst.
BUZZ – Cinema's demise predictions misplaced – Berenberg
09:42
* Berenberg says cinemas still have a key role to play in the movie industry, after the pandemic forced theaters shut repeatedly over the past 18 months
* "We remain of the belief that predictions of its (cinema's) demise are misplaced" - Berenberg analysts
* The analysts say Cineworld shares are almost certainly at the wrong price
* Also predict plenty of upside for CINE if it muddles through the crisis, given it made pre-pandemic core profit of >1 bln stg
* CINE carries a price-to-sales ratio of 1.96, roughly half the sector's average of 3.88, implying that it is undervalued - Refinitiv Eikon
* Shares up 36% so far in 2021, outperforming the wider index, after recording a 74% plunge in 2020
* The pandemic has narrowed the exclusivity window in the industry, which is the time period a movie is released in theater before it is released online
* Cineworld agreed to a 45-day exclusivity deal with Warner Bros for its U.S. screens in March, vs the traditional 90-day period
* Berenberg, which raised PT on CINE to 85p from 70p, says the shorter window will become the norm
* CINE now trades at 86.0p, having picked up from an all-time low of 15.1p in October, but still a far cry from the 221.2p at 2019-end
@Bc2020 - Do I even have to ask whether you have followed the AMC and GME frenzy?
It went that high because shorts was forced to close ie buy....
Surely you knew closing a short means buying the stock?
@haider.a.khan - The reason Morrisons attracted attention is because they own 85 per cent of their 497 stores. The private equity firm will sell the stores, pay themselves the cash as dividends, lease back the stores and leave the company with a huge debt pile and then move on...
@F0ll0wTheBear
Sorry to hear. I'm in the same boat after also selling out of other stocks to buy into cine just to see those stocks go up.
Although nothing as impressive as AMC, ouch, that must hurt, sorry!
And yes I'm sitting on quite a considerable loss too at the moment...Although I'm not that many percentage points away from breakeven..Just need one really good day. Well preferrably many in a row off course.
I'm avaraging down, but that means my positions are getting bigger and bigger and any big shock now will not be pretty.
The biggest negative I'm aware of with Cine is it's huge debt load, but everyone else is in debt and surely it looks better for Cine than many other of these massively indebted companies.
Cine can make money all year, they just need to be allowed to stay open and have restrictions removed. I worked for airlines for many years, to me they and the travel sector are in a much worse a sitation than Cine..
Anyway, fingers crossed, need some positive headlines soon on infections going down by a lot, although as many have said, the US is the bigger market but it seems that whatever happens there has no impact on Cine oddly, only what happens here even though the UK market is so much smaller...
@falky - Good to know you sell the lot. I've actually found that I would have made much more had I sold the lot rather than as the price moved up.
I was in NEX before and closing positions as it went up cost me thousands...Off course some profit is booked but I may change my strategy.
Good luck to you as well. I'm fairly new at trading. Been investing for about 10 years but only been trading full time for about 2 years.
Only during the last two to three months have I felt like I've finally started to understand how to do it...I was lost for so long...
Hopefully I don't get a rude awakening after saying this!
So easy to go from hero to zero in no time...And it usually happens just as you think you've got this..
I'm in at £200pp but an higher average at 284...
May add some more tomorrow, I was worried about US inflation data. Maybe tomorrow we will feel the full brunt of that once the market digested it..But hopefully not.
Sitting slightly uneasy as I'm in even more in Cineworld. Only time will tell if averageing down was a good idea.
If tomorrow the lower spreadbets go up(I have about 6, the highest one at 287, lowest one at 278) I may take the profit and close it. If it goes down after that I may buy back in. All the time leaving the others still in the red open..Chipping away at it every day like that but never closing the ones in the red till they are at break-even or profit.
Done it before on NEX when I was in the red for a long time yet when I finally closed the last bet (highest)at break-even, I actually made a decent profit.
Fingers crossed.
@falklandinvestor - You are either braver or richer than me or both I guess most likely. On Thursday we will see CPI data for the US. I'm not trying to scare anyone, but it has held me back from buying back into IAG and I'm thinking of closing my Cine holding just in case there is a good opp to buy back cheaper.
Are you not worried about the inflation/taper fears in a market with valuations already sky high? That is currently the worry in the market even if inflation should be temporary.
The unfortunate reality is whilst that shouldn't affect us as valuations isn't as high in the UK as in the US, if the US sneezes we do catch a cold and it does drag everyone down...Just wondering if people who trade now is paying attention to data that could bring everything down in the short term. I'd feel better once Thursday is over to carry on taking risks trading.
Anyway, on a different note. I read you once said, Lloyds is your bread and butter, don't want to clog this board up, but was wondering if maybe you could share how you trade it perhaps?
@Prettywild - I read moneyweek magazine, and in their share tips column for this week's magazine, motley fool stated to stay clear of Cine because of its debt.
Whether that is causing it to go down or not I don't know. I don't pay attention to the fools, but bare in mind moneyweek is the UK's biggest selling financial magazine...So it certainly isn't going to help...That said Cine has been up and down for a while now and before this came out.
For me personally it I think the very negative headlines in the british media around covid that has dampened overall sentiment in the UK...
The daily headlines is about covid surging and this share is hardly going to surge with such headlines.
Short float for Cine is 7.4%, GME was 120% when the Reddit crowd got involved. It's still around 30%.
The only way to seriously push this share up like GME or AMC would be if hedge funds had to close and thus buy like hell to cover...But the short float is too little to make that happen.
But by all means please try. This is my biggest holding, although I now have a limit order to sell my entire holding if it goes back up again...Getting tired of seeing a couple of grand profit in the morning before it disappears shortly afterwards and then rinse and repeat the next day...
Could have made thousands if I just sold on the rise and bought back each day the last week or so. Why it spiked again this morning to only tumble down is mystifying...I'm not convinced it's MMs...I've never bought that theory.
Off course with my luck I may miss the jump, but CPI info for US comes out next week Thursday, that may send the markets crashing..
No farm payroll data this morning was a miss which is normally bad news but good news in today's climate hence wall street responded positively as it means the fed is less likely to taper. But CPI data could force their hand..
@Paultheman12: I've read your post and it reminded me of my stupid investment(gamble) into iGas...
Got in at the height of it and then it started to go down. Now please note, I do get there is no comparison between iGas and FGP and equally investing in FGP certainly wasn't stupid whereas iGas certainly was...
What resonated with me was that you say you've been waiting for 8 years to get your money back. I also waited 8 years for a recovery and eventully sold out and took £5k from an initial £75k investment after just seeing it go down. What hurt it was also in my ISA, so I paid the taxes on it and can't claim anything back for the loss.
Now again, iGas had no hope to recover and FGP is different.
But the other thing that resonated with me is that you seem to believe it won't recover. Here you are in a better place than I was, because I still had hope(how foolish was I) and that kept me in.
But if you believe it won't recover why not sell it rather now?
Let's say you have £10k left.
If this will only go down in your eyes, why not sell this now because remember you already made the loss. If you sell now and buy back straight away, you'll see you are where you are now with the exception of the stampy duty charges...
One big thing that hindered me was the believe it wasn't a loss till I sold..Which I realised later was nonsense. It's already gone.
In that time I put about £6k in VW, it was a tiny amount but I did so because my logic was I cannot afford to lose more so can't take risks. When I did that I still had about £45k left that I would have received had I sold iGas. What's interesting is in the years that followed, think it was about 4 years or so, VW doubled and iGas went down to eventually £5k...
No imagine I sold iGas instead, put the £45k that was left into VW then today I would not only have made my money back, I would have been better off...
I so badly regret my bizarre fixation with my loss and that as a result I allowed my investment to go further and further down when in that same time if I sold it which would not have meant losing anything as it was already gone and invested it elsewhere, even just a tracker fund then I would at the very least have retained what I had left.
There was countless other opportunities. It reminds me off someone whose wife left them, then they cry and cry about the loss as if that will bring her back only to wipe their eyes out 8 years later and think oh crap, live has passed me by and I could have dated many other women since or whatever...
Now again, FGP may well recover, it is nothing like iGas, I will not go the same route as iGas which was so dumb to invest in and even dumber to hold.
Ask yourself, if you have £10k left, is this the best place to keep it? Is there another place where if you put it now where you think it could grow more? Wish I asked myself that question. Just something to think about. I wish I did back then.
From this morning:
* HSBC downgrades SGC to "reduce" from "hold", says concerned that bus and rail sector could emerge from coronavirus-led lockdowns worse, as bus journeys are likely to be impacted by more work from home and less high street shopping
* HSBC also downgrades transport co Go-Ahead to "hold" from "buy over similar concerns; GOG shares down 5.17% at 1,286p
@garydav2
This is probably the reason Stagecoach and Go Ahead dropped:
* HSBC downgrades SGC to "reduce" from "hold", says concerned that bus and rail sector could emerge from coronavirus-led lockdowns worse, as bus journeys are likely to be impacted by more work from home and less high street shopping
* HSBC also downgrades transport co Go-Ahead to "hold" from "buy over similar concerns; GOG shares down 5.17% at 1,286p
So many complaints about the SP's performance.
People complain they have invested a few weeks back and they still aren't in profit...
Oh dear, it reminds me of the poster on yahoo finance who cried and asked what is going on because the SP of Tesla went down, I scrolled further down the comments and I was astonished to read a comment that he put out the day before saying he has just invested and he was so happy...That is how people treat the market now.
What has happened over the last year is not normal, the way RR's SP rose and fell at times is actually disturbing along with many other companies who did the same.
And people are now treating the market as a ponzi scheme, not even a casino because there the odds is 50/50. They see the market as a multiplier, you put money in and it goes up, simples...
So if now it doesn't happen like that, they are totally dumbfounded, but how can it be, gamestop went up a few hundred percent in one day, and this company barely moved in a few days, so this must be a crap company then...
I also feel people's frustration, I have also complained in the past, if anything just because it is so easy to do that. So I'm also guilty, we want it all, and we wanted it yesterday.
But the truth is what has happened over the past year has totally distorted all sensible and reasonable expectations and reality and even I have to remind myself of that on a regular basis after I start to complain. Nothing was ever supposed to have moved the way stocks have moved the past year. That is thanks to money printing...
Anyhow, let us remind ourselves we are here because we want to be in RR when the skies open. RR is being held back because travel is largely banned, not because it is a rubbish company or stock. Hype can only take it that far, and hype has taken travel stocks as far as they can go, they will now not go further till bans are lifted and travel resumes.
Understand why you are here, put your money elsewhere in the mean time if you want, but be ready to jump into this and IAG etc when the time is right. And also understand the way RR's SP is behaving right now, that is actually far more normal...It usually takes many years to double your money in a stock if you are that lucky. And then it has to be a great company.
The opportunity is here, but lots of things is standing in the way right now...Yesterday EZJ's SP went up like 6% because of pure ramping by the CEO. That should tell you a lot of money is behind travel stocks waiting to push it higher, it just needs a fuse. Fingers crossed
Xenor
Draw a trend line (support) on your graph on the Daily chart from 28th Oct 2020 straight through 19 Feb 2021.
Draw another trend line (resistance) from 03 Dec 2020 to 19 March.
It doesn't have to be perfect, you aim for the body of the candle not the tail bit. Once you've done it, you may be surprised to see Cine has been moving in a channel for months and months i.e. respecting the channel, if it reaches the bottom support it bounces if it reaches the top resistance line it retraces
You may dismiss it as mumbo jumbo, but since I've started to pay some attention to trend lines i.e. support and resistance rather than just buying when the market is down etc it's not only given me a clearer picture but helped my entry/exit and where to put stops etc.
Tryhardernow - I do understand how you feel. And you aren't alone in your situation.
I have more regrets one can shake a stick at. I really messed up so badly last year.
Heck I was on Tesla at $850 a share, I had it a few days and got scared and thought this is crazy to hold this, this is purely driven by hype, sold out and look where Tesla ended up at, went to nearly $3000, then it split and doubled a few more times.
That is one regret, there are so many more than that...
I was in firstgroup, they released their results saying it was a going concern, the shares dropped over 20% in one day, I sold out, made a big loss..Today the SP is way above where I sold...
I did the same with Vistry, would basically have doubled my money had I left it..
I remember seeing Cineworld going to 16, thought I can't buy it, it is crazy, company just said they are a going concern...
Nearly a year later and they are still going, around a 100 now...There is no denying I'm rubbish at trading. Heck, I understand women better than trading...
I guess the lesson is clear...Don't be stupid and impatient like me...At least I learned that(That I'm stupid and impatient) lol..
It is tough though, because you will now look around and all the other stocks going up whilst seeing RR going nowhere and that is what will frustrate you.
I've sold out of RR and TUI so some might think I haven't learned, well the price I sold at is still higher than it is today, my losses was small and that money was added to VW my safe haven stock and made me money. Also, I could and should have gone back into firstgroup, I could have recovered it, but I left it. I won't do that again, this will go like firstgroup once the skies are cleared for flying. So this time whilst I'm out, I will keep waiting to re-enter. I've decided to trade safer stocks till there is more certainty, although I'm still in IAG and in profit and I won't sell it.
But if you are already in and like me are nursing losses similar to I had on firstgroup and vistry, I will wait it out otherwise you will have the same regrets I have.
Remember this is now the market people are watching whilst waiting for the skies to reopen, the push behind the SP of RR, IAG, TUI, CCL etc will be massive when it does happen. Everyone is going to go for glory...Yes there is still risk, but the pressure to open up is now bigger than the pressure to lock us down.
@tryhardernow - I feel your pain and when one loses money it's only human to vent your anger and frustration...
But we all know this is not RR's fault it is going nowhere.
I was in IAG, TUI and RR and I was fully invested with large sums a few weeks back. I was going to hold for a long time, my mind was made up. I thought the vaccinations was going well the sentiment had changed to positive, in fact it did as all these shares had gone up and I was well in the profit with all of them.
Then Astrazeneca gate happened, europe lost the plot, third wave happened due to their dithering and suddenly I sat on losses all round...
How is that the fault of RR? You think you are angry? Can you imagine what the board of RR, IAG and TUI has to say about all this...
In my moneyweek magazine(Uk's biggest selling financial mag, so it will have an affect) from last Friday they said RR is a sell...Also, RR has been on a downward trend for years. The company was not doing well before coNvid..
Bare that in mind as well.
I invested in RR to play the reopening of air travel, that is the only reason I'm still here.
My biggest holding is in VW, go check them out, they are going to become a stock like Tesla I think, albeit with fundamentals to match.
Anyway, that is a company in good shape, but it doesn't have the potential to double in a few months like RR, IAG and TUI..
Hence I'm here, but that means RR is a risk because it all hangs on reopening the skies, getting coNvid under control etc..
These companies are litterally going bust as I type and you get upset the SP went down after sentiment changed and coNvid made a third come back furthering screwing the likes of RR.
Come on, get real. If you invest in VW and it goes down like this, be unhappy, but how can you be with these companies that are banned from operating at full capacity.
I'm disappointed too, I made a loss when I got out of TUI and RR, but that's part of the game here. Unless there is a high risk of losing a lot quickly, there isn't a high chance of making a lot quickly either..