Member Info for Gioviano55020

T : Good luck in your propery search, hopefully you'll find a bargain and some sun. Someone has approached us about buying ours, but may be a lowball offer so will see in May. No, rules don't change everything, but has made it more difficult and expensive for us. Yes, markets do eventually change fortune and I know I broke most of the cardinal rules in trading so will need to change that in future.
G

Thanks T,
OCDO holding steady(-ish) today.
I will think about trading some. In grand scheme moneywise, I am back where I was 5 years ago, so technically not a total loss but waste of all the trading/stress etc. Will have to see, I Ihave a slight gut feeling OCDO could break upwards in not too distant future and then start the old volatility game again. Otherwise, there are always other things to buy out there.

I'm asuming you abandoned buying in Tenerife? ...Expats fleeing Italy like nobody's business.

G

Thanks for all that T.
I was just saying for example, a share (like RMG) can hit rock bottom and then be back (if it has merit) obviously others fall and die because they never had anything going for them in the first place. So, I wouldn't think true for OCDO.
I just looked at article after you mentioned, thanks...yes, quite a few places rating as a buy (but are these articles all directed at retail buyers?...I think there were a lot of stories about OCDO when the price was £28 and how great everything was for the future...then, retail investors come in and the big boys offload their stock to them...or have already bailed on way up

Yes, where can I get one of those crystal balls you mentioned, could be handy.

Good luck with all your trading this week. And to everyone else here, sorry to interrupt normal serice with this.

G

Hi Treacle,
What sort of short term target price have you got on Ocado?
Technically they still haven't broken out of the downtrend (but I'm wondering if that is a more of a falling wedge pattern now, and the actual fall is tailing off, with not much left to go...don't quote me on that though)
I haven't sold, and obviously angry...but probably mostly with myself to be honest...you can't blame the market. Should have bailed out at first signs.
I just thought price would have held up at about 16 and then flattened out a bit with the recent favourable patent news.
I can't see them any lower than 10, but on the flipside they would need something dramatic to come out of blue to send them vertical.
RMG dropped to 125 and regained back to 6 in less than 2 years for example of a big change of valuations of a buisness.
There definitely seems to be a correlation of when a share is at a peak price and media/ chat/broker stories come out suggesting further rises...that's when they go in the opposite direction.

I'm not sure why I look at /join the Ocado chat page...it does me no good. The upshot probably is, Ocado 'could' be worth a lot in 'X' amount of years, but in the meantime they are hated because they are not making money.

Travel shares just being held back by covid still, nothing else. The UK govt hoping to bypass reality - which may work?

I'm hoping interest rates might bring down inflated house prices, so I can move.

G

Hi Treacle...good luck with your OCDO.........."surely" not too much risk at 12!
Of course it's all rigged, anyone who thinks otherwise is in cloud cuckooland

Whatever forces are in control, they've made this company sound like it's completely worthless...so, of course the final lot of retail traders will jump ship, if they haven't already. Suppose it could go a bit lower again, but seems like a bargain to me.

Haven't sold mine, just have to wait for a while /years

IAG, you would think has some profit in. They coped this long and now restrictions lifting, likely to go upwards soon.

Take it easy, G

Thanks for getting back T.
I've always thought February can be a weird month, where people have had a bit of Christmas buzz, fairly quite with no shocking news then all of a sudden start to go bad for no reason apart from "they've been too quiet" time to shake up again....for that reason I had thought about selling everything and waiting to see what happened...but I didn't because it seemed stupid.
I can see that MACD is a little better, but not much. If I didn't have them already, I probably wouldn't be rushing in, not really a strong bounce back from the low.
I thought there was a possibility of "cup and saucer pattern" from October 2915 - Feb 2884, but then it just slid all the way down as soon as lockdown easing announced. I did think the "gap" down on results day seemed worrying and then another "gap" when Boris Johnson announced the roadmap. Only my fault for not taking action.
All I can do is wait, think it could even be until this time next year. I stand to lose a lot of money this time otherwise and no way to make it up even with trading. If they get closer to breakeven I could thin them out a bit.

I would say Berenberg is probably fair with this assesment...unless some other news comes out of a new project
https://www.sharecast.com/news/broker-recommendations/berenberg-cuts-ocado-to-hold-says-high-expectations-are-built-in--7853361.html

All the best, G

But, 2390 seems quite a long way off and I'm higher than that.

S: glad you got out of IAG with profit, hope tax year good for you!
C: nice for you to be involved in Cricket again and scorers important...don't think you need to worry about Tech and cricket!

T: I'm assuming you are off Ocado for time being? ...I know previous pandemic winners have been hit hard.
What's your thoughts on them, medium-term?
Slide seems to have slowed for now, but no real sign of a strong rebound upwards...
Best case scenario for me, is that they travel sideways for several months and not head below 1880.
Then, if there is some developments/projects/news they could get back closer to my break even.

I wasn't recommending not declaring...I do.
I accept you pay CGT...at least you know you are making a sucess out of trading!
Hoping that allowance and rate stays put.
But yes, the stamp duty is a huge cost on the year.

C: OK thanks, never seen that before in CGT section of tax return, I'm self employed, so declare everything on self assessment so maybe that's why.
Don't know why the system is so disjointed. Yes, I know plenty of people who are on PAYE but also making money on side and not declaring.

M: you only officially have to lodge/declare over 12,300 for CGT, unless you want to record a loss to carry over.
Depends what record you want for all your transactions. If below CGT, your broker printout might be enough. I do in excel now, tons of transactions often with little to show at the end of it, but good to analyse what you have done over the year.

good to see ARB buyers stepping in at cheap level yeserday

Hi All, market just seems to be a bit flat at the moment. slight negativity.
T: glad you can put that behind you and focus on some good things. Remember Larry King had 7 wives!

That must have been a bad time for you T, lot of stress. Very difficult with assets to split.
Yes, the good thing is winter sun...who wouldn't want that? ....Freezing cold in Italy.
Suppose plenty of other nationalities buying homes there, not just Brits.

Zak mir said 40p target for ANIC...was 20p a week or so ago, then 26........jumped today again.
I like to find companies that have something I'm vaguely attracted to. But as usual didn't hold back any cash for special punts. (needs to be a new rule for me)
I am vegetarian, but never fancied Quorn, the name alone sounds bad, there are plenty of nicer things. Created in UK, only recently bought out by Mondo Nissin.
Heather Mills - ex McCartney is doing really well with new vegan products made up North too.

T: You're right about only one life and if, like us, you know the place and feel relaxed there, it's hard to find something to replace that.
I would imagine if you WERE running a shoestring expat bar business and now have to be a full Spanish tax resident with health insurance/pensions etc. it's probably not viable any more. In Italy there have been lots of expats flying under the radar for 15 years, some still with UK cars, nobody paying for schooling or healthcare and flipping back to UK whenever they want.

T: That's weird to see your place on TV. Yes length of short term stay not so much of problem. I'm just concerned that costs may increase as non EU residents and the ease of paying bills/bank accounts could change.
Spain probably quite different in it's outlook and more welcoming/used to Brits.
Are there any bargains to be had from people exiting Tenerife? My wife doesn't want to sell, so we'll see what happens, but strangely the family of the original owner has been hassling us about buying back for their daughter (get the feeling think we must be desperate, being British)

T: No, sadly, I've got absolutely no spare cash until OCD recovers...but just a list of companies I'm interested in. PHC, (Bio solutions for farmers) could be another possible? ...has new contracts/breakthroughs etc.

I saw chart said 2100 this morning, not sure that will hold very long.

Would buy ARB too, probably a bargain 200- 220, MKS in high 140s a possible. VOD will eventually rise I think.

How is your health these days? I know you told me about your past.

I'm assuming you didn't buy anywhere in Tenerife?, is that still on cards in the future? No idea what we will do regards Italy, it may be too complicated/difficult to keep, now a more or less hard Brexit is in force.

No, we're already paying a lot of stamp duty, ptm levy etc. I know he's coming after CGT and now I see the potential 1% online tax is now 2%!
Hargreaves Lansdown did well in latest results because of continued boom in share trading, so that is a good source of Govt. income.
No point worrying, they'll do what they want.

No Nick, wasn't aware of potential tax changes today

T: Zak Mir another hit today with Agronomics ANIC, now 30p was about 19 when he mentioned less than 2 weeks ago.

T : Yes, I don't think majority is holding shares long.

I would definitely agree that if there is profit on table (and you have no way of knowing price continuing), you should take it and patiently wait for pull back.

This UK veteran said 60% success rate is good too.
https://www.youtube.com/watch?v=UMmrNdTw3a8

Hi M, have you got OCD?
Trying not to give advice, just hoping we've seen bottom and that the reason for drop from Feb high was mainly instituitions driving price down to bargain area. I've drawn a supply zone that I "think" it needs to get over, 2166-2246, then "could" head to next hurdle of 2630. In the meantime, it will probably get to that first zone and bounce down several times. (unless some big news, which seems unlikely)
World still in turmoil so nothing is clear. Travel companies obviously want to restart and take a chance. If buying them you just have to be prepared for holding "if" things don't go as smoothly as planned.
Red Braces seems focused on short term, so best stick with that. In and out quickly with profit.