Member Info for Gioviano55020

Hi V, thanks
Probably was completely exhausted actually, Watching all day for last few weeks Ocado gone from 15 something to 1745(sold).
And now wondering what is next.
Sorry, you didn't make more...if you'd asked me I would have suggested not selling until closer to the results.
We've both got sellers remorse. I'm just going to watch them today. FTSE Future up today so other stuff could be up instead.

It's definitely a gamble doing quick trades, as long as it comes off that's fine. However you can see that the failures eat into your profit big time, so they've got to be controlled tightly.
You are right, nowhere else to make money these days.

The stress can be huge, so yes better to calm it down and hold for a bit longer, if you can.

I bought Ocado nearly 3 years ago, small amount and gradually added into big amount, because they're obviously hitting their stride. They might pull back, let's see...but really, it's a bit crazy to hope for bad news at a time when it shown to be positive.
Long term they look very good, so yes, reluctant to give up on them completely

Good luck V,
G

Thanks T .
That's fair enough, I didn't realise you'd sold all Ocado, so that's the missing piece for me.
Yes, a lot of companies have been hammered...for example MCRO, but the slide started before the virus so for me that might be a red flag. I can see why you are trading them quickly because longer term not so clear to me.

No, you are right, I didn't think the virus would be like this, even Willie Walsh said it wouldn't be a big problem (probably he was lying). that money will sit for X years, wasted, but I think I will get back most. A quicker reaction was to dump immediately, you are correct.

I understand your strategy now you've explained it in more detail, I appreciate that. (...otherwise I'm just seeing tiny snippets of your chat that doesn't always fit into place. )
Yes, you can jump from one share to another and make more money, but you've got to be VERY quick and BRUTAL in your actions. That's my experience. If you don't take the profit right in front of you that moment, you can be punished very quickly.

I can see that you're more confident of CCL will perform precentage wise faster than Ocado. I'm sure people will want to spend money on holidays again, whether next year or two they will return to normal,
BUT also, most rebound stocks will have a string of bad results coming along the pipeline

No, I know OCDO won't be £31 tomorrow. BUT, whether they will pull back to 15 is anyones guess, it may do. I predicted 16 on the other board days before and nobody seemed interested. Will have to see tomorrow what happens, either a complete change of direction if a red doji or hammer turns up, or it's going to 20 soon. In the past I have identified upward movements but not predicted down at all.
Was just looking at Fevertree chart from a few years ago to see what happened along their rapid rise.

"IF" some new Ocado contracts come in, that's the gamble.
Looking at what they are planning in Hong Kong Airport now, for the future of air travel, Tech is going to explode. everything is going to be streamlined and I can see shopping in UK is likely to go along a similar pathway for big companies.

I can see your goals are to make money from whatever share throws up the latest opportunity, you could be very right about my flexibility. There is that...PLUS...I definitely need to PROTECT my earnings and not see them eroded.

My "reluctance' is that I've tried get rich quick shares before and come off worse, so following only a very small amount seems better to me.

Thanks for writing back today, G

Hi T, hope you're having a nice weekend. Sun is amazing.

Just doing a bit of thinking here... What do you think about Ocado?
Who knows about Monday, but gut feeling - not looking like weakening or much profit taking as far as I can see, from candlestick charts.
Every other major spike has seen a pull back of at least 10% in following 3-4 days. Maybe this is culmination of a years work?
As some people suggest selling for 20% profit, if they bought at 1679 that could mean just over 2000 before backtracking.
None of the recent patterns/timings seem to be in effect.

Now, I wouldn’t normally write something like this because I accept the unwritten rules of share chat rooms, e.g. DYOR,
I was erring on the side of them about to have a big fall, at the time they were creeping very slowly during morning…even after news of 40% revenue increase,

I’m not writing this to blame you, but In all fairness you did suggest me selling on Weds. I know you meant well. I didn't have to take your advice, but if it was anyone else I probably wouldn’t have taken seriously.

So I am just asking…
Don't fall in love with a share?, but I know in the past you described your "beloved Ocado" a while back? ...has that changed?
Have you sold any in last 2 days or when are you holding until? ...Have got a big holding that you aren’t going to touch? or what percentage of that are you trading?
On Ocado page “Valueplay” said buy and hold, but you didn’t say if you agreed with that?

Whether you “meant” trade them or a tranche, in the past you’ve always followed my comments on Ocado price - drops with calculations of all the shares I "could have" gained because I didn’t trade them, whereas now , I "actually have lost" money by not holding them.

I tend to live by, "don’t tell people to do things that I wouldn’t do myself, otherwise you are getting into realms of impacting people directly.

I can see there are a lot of options out there, some could easily make 100% plus, but also, many are fast tracks to “Loose” money. We’ve all had experience of that.

It's great that you, Sad, Vulnax etc. are happy to trade fast and free, but personally, I think some underestimate how hard it is to day trade effectively. Maybe your ten years experience is the difference.

I know none of us know each other, but there is some camaraderie involved here. On other chat pages conversations rarely get past four words.

Take care T, Russell (G)

We MUST be due a fall on Ocado at some point? Although it COULD be that some investors have only just woken up after finally being hit by a slegehammer and thinking they'll get in. A couple of people have asked on Ocado page if worth getting in, which seems unusual.
shorters closing has driven it up very fast previously, seems slightly more gradual at moment, just my opinon.
Best case for me would be back to 15-16

watching MKS, but can't work out rise either, deliveroo news was days ago. if they drop back again to lower 90's I MIGHT buy. some. Surely long term, the tie up with Ocado will give a big boost to them?

I will use long weekend to look over the stock market for ideas.

Hi S, I opened an IG account the other day to look at graphs, I'll have a look at their system
I'm not 100% happy with HL, slightly better than Selftrade, but features a bit crap and often unable to do what I want when I want...maybe they are all like that?
I even split all my trades yesterday because they were ripping me off big time with rate otherwise, BUT, then you get the fluctuation factor in between the time it takes to do 5 trades...can't win.

Thanks for alll the advice, V, S, T
Well done S, on Ocado i keep think there will be sell off but not coming yet.

Yes, T I might take a different tack and buy other things, MKS up today, they might actually rebound after all that and 110 wouldn't be out of question in short term, that would be a good gain.
I know, sounds like classic in love with share syndrome with Ocado.

What is group thought on MCRO rebounding to? looked at their website, quite cryptic.

I'm not desperate to make a ton of money and buy a Ferrari, just a slight improvement and safety net for future...mainly the feeling of achievement for myself.

Anyone wondered about size of trades?
Ocado mostly very small 4, 5 26, 47??
is it all algorithm?

S: good luck with Ocdo today, should make some money....when it drops to 1810 seems to power up again

T, I'm surprised Buffet HAD any airlines, his biography said he hated them. I can't knock him obviously, but he and his sidekick just adore COKE....drinking it, buying shares in it, the whole American imperialist dream.
They are not into Tech and prefer things like Kraft, which I suppose along same lines of COKE, a massive conglomerate making garbage food.

Thanks T, I'll have a think and regroup.
I sold the 4000 Ocado I bought today thinking they were going into reverse, small hit of 420...then 20mins later they are up 30p.
So I can't really pick them...I'm guessing they will get to 1850 at least today
once up over 3% they really seem to take off normally.
Support WAS back at 1660 or1687...at moment it hasn't tried going back lower than 1787/94
So I better just call it quits for now. I can't really work out support and resistance at moment, probably because still on up trend.
I'll look at MCRO. just don't have any clue about company. yet. I know you're all keen.
IAG will be a good buy for 2 years away.
My interest in Ocado is that it MAY be a global tech company one day and I don't want to regret in 4 yrs time

GLA

Hi T, I figured you meant something like that when you intimated take a profit yesterday. Sorry to hear that. Loss or illness of close family/friends puts things into perspective. Not everyone lives a long, happy life. Like you said, a lot of people hoard money...like my parents, hardly even went to a restaurant!! ...I even had to go to court to prise any money out of their estate!
Life is very short...all I really want is to get out of the bungalow we are living in, on a dull 70's estate!!

Will write again later...are u watching OCDO...pushing hard at 18

Anyone thinking of buying??

Thanks Sad, exactly, I've had them too. Hope you've had a good run lately.

I've been studying/listening to a lot of trader videos and number one is managing losses...do you use stops on everything?

Hi T, even for a previous fan of IAG, I'm pretty worried about "HOW" they will bounce back.
maybe triple bottom there, yes.
I SHOULD have just sold half of Ocdo yesterday, it wasn't a ususal reaction to a trading update, just a long slow build to end.
the only slight dip, was when I sold!
I'm getting the feeling most people don't want to sell and are long term holders. Volume still only 2.5mil yesterday, not 6 or 8 like sometimes. That seems odd.

I wonder if it might continue into 1800's a bit more then get back to 15-16?

When you said 70% profit, that's only for some people, others will have sold at 14-15, then , more recently people will have bought at 16

I think I made about 18% since March 20, that's a lot for me.

The lockdown may get lifted soon, but what about when final figures start coming in for these other companies on ACTUAL losses, surely that won't be pretty.

Hi T, I might have made a mistake, we'll have to see. My choice to take money, hadn't really done it on many other occasions.
I'll be watching them closely.
I don't know how interested I am in a lot of other things, they are so volatile. I bought a very few more IAG, but the dumped before they fell to far again. I've got no idea where they are heading. Have a very small amount on MKS and ITV because they are so cheap, but not particularly interested in either company.
All the best

Thanks Sad, I'll take a look at those, cheers

Hi T, thanks for pointers today, sold ALL ocado at 1745 about 2.15pm
I wonder if price getting a bit a bit exhausted, but who knows tomorrow?
Thought long and hard about what you said and I've made good profit from 1465 last time. I should take it.
lets hope they fall back in next few days/ weeks and we can start again
I don't actually think my nerves can take trading/watching everyday.
Cheers

IF they are shorting...it's because they have sniffed out a problem.

T - you are not going to be getting a 1375 bounce now, whatever you believe?
The market is talking.
You don't have to agree with me, but you can't ignore the price.
Being an investor is exactly looking at customer behaviour too.
I'm not just being bitter here, I'm stating facts about today's performance.

I might not be that good at day trading, but I've had Ocado since 3, so I know something.

Hi T, this is what I mean...
https://www.bloomberg.com/opinion/articles/2020-03-24/coronavirus-teaches-online-supermarket-ocado-a-lesson?srnd=premium-europe

people loosing patience with them and price sinking when it should be up

Well said Oogle...I HOPE people will remember Tim Martin, but not sure public is smart enough.
On another note, Russia and China helping Italy and I can see UK may end up asking for help EU, especially for food!!...wouldn't that be ironic?