Member Info for gilesfitzh

Fat fingers. Should be MMT.

My son, who has a 1st class honours degree in Economics from Southampton, tried to explain MME to me a year or so back. I couldn't really get my head around the concept that the BoE could just issue more money and it could sit on the balance sheet for ever. But then I'm old and the 'modern' bit of MME is probably the problem :)

The country's economy can withstand just about anything as the Government can just print more money and take on more debt. The more it does this however the longer it will take to repay and the longer things will be tough, mostly for the poor and lower paid as usual of course. This is why the expression 'the cure may be worse than the disease' is being used.
Frankly if you are on this BB then you're probably not a minimum wage earner or on a zero hour contract so there will be millions much worse of than you and I.

This is my take on the next year or two until the vast majority of the population have been vaccinated. The Government (and this applies world wide) are going to lift the lockdown in some weeks time when they have enough data regarding the spread of Covid-19 and can forecast that the NHS will be able to manage for the next while. Then lockdown will be re-introduced to prevent the NHS being overwhelmed and then lifted again. This will repeat until the Vaccine is readily available.

The massive financial support packages that have been announced will be at least partially withdrawn when the lockdown is lifted then when the next lockdown is ordered another, probably equally huge, package will have to be made available. This will also have to be repeated until the Vaccine is readily available.

The cost to every country’s finances is going to be absolutely horrendous and we will be burdened with this debt for decades. It is already being said that it is going to be difficult to avoid the ‘cure’ being worse than the disease. Of course the cure is financial and the disease means a lot of premature deaths so it would be a foolhardy politician who came out and admitted that the Government is going to allow thousands to die in order to avoid spending some money.

For shares in general this will surely be a weight on any rise in value but different sectors will gain or lose in the ‘new order’. I’m sure that any business in the travel/tourism/hospitality sector is going to have a mountain to climb.

But as they say “every cloud has a silver lining” and IMO ALGW is that silver lining.

@Ophidian:
In your opinion, is charting a more or less valuable tool in the present environment of alternating panic and relief that seems to follow any fresh data concerning the rise and fall in cases of Covid-19 infection in relation to:
a/. FTSE350 companies in general.
b/. ALGW specifically.

ALGW, which share price should not be affected by those circumstances which lead to a rise or fall in indexes (as it is non-correlated) will, never the less, be affected by investor liquidity and general panic about the future (e.g. Secretblueprint who says he has sold everything and bunkered down in the Scottish wilderness).

You shouldn't knock day/short term traders, they give liquidity to what would otherwise be a very difficult share to trade as the spread would be even greater. Personally I don't have the nerve to day/short term trade, nor am I able to be at a screen constantly monitoring the price, well until recently that is :p

@raaydaar: "Shame a long term holder decided to take some off the table". Do you know who it was that was selling?

If the charge for Bed and ISAing is just £30 and you're doing the whole £20k and the sp is 4p then you'll be switching 500,000 shares. £30 would mean the spread should be 4.0000 - 4.0060. There will of course also be 2 x your brokers commission, 1 x stamp duty (and 2 x reporting fees if these are not included in your broker's commission).

I asked the same question of my broker just the other day. They said I need to phone them as it can't be handled by the online, execution only, system. So I phone them, tell them which accounts are involved and how much I want to Bed and ISA and they'll sort it out. By doing it this way they phone one of the MMs with my specific requirement in order to get the narrowest spread that they can.

Haha, please explain to us mere mortals :)

@Steve205: Not only do they not have any stock, they have been short for weeks and every day they get a little shorter? more short. So far today they have sold 0.75 million more than they have bought. Ophidian will have the numbers :)

@Simgod; They're too busy being interviewed by the BBC :)

@jgj99: So if one had bought first thing this morning there would already be a profit. Way to go :)

Can others check quotes please. I am being quoted 1.7255 - 1.96 for anything between 20k and 100k shares.

1.65 - 1.744 for 100k shares.

But more accurate than that shown above which might be helpful to someone. Your comment, on the other hand, is quite unnecessary.

1.611 - 1.7375 for 100k shares.

Now 1.6250 - 1.7475 moving about a bit :0

1.6525 - 1.8800

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=2&pageOffBook=0&fourWayKey=GB00BYWKBC49GBGBXSSQ3&formName=frmRow&upToRow=-1