Hey JW, good to hear from you! Glad you jumped on board again and great entry price. It’s been painful to watch SYNT this week but that’s stock market for you 🤷♂️
I’ve run out of free funds again so staying fully invested with 10 or so companies. Finally decided to average down MCG but at poor price 55p so not great. Though my average went down from 122 to 89p so it becomes somewhat manageable.
Good luck with your choices
JW, congrats on your FCH investment. When I looked at the chart some weeks ago, I drew 86p as what would have been my target. Now, it’s 92 and I would bet, that’s the top. Good luck with whatever you decide.
Wine seems like it wants to push higher. They have results around 12th June so will be interesting to see. But considering recent grocery data with wine doing pretty well, it has some potential here. I’m not invested and will likely stay on the side to cheer you here.
DWL, I haven’t heard that before. Seems like relatively new ticker, not much data on the chart so also not one for me even though it’s already in ftse250.
When it comes to retail such as Ocado and asos.. we’ll have general retail sales update on Tuesday so hoping for a positive outcome and proper push higher. I’m overweight on both and the charts look promising. Asos has been stagnant for way too long and I guess the floor is well established by now. Still dreaming of 15£ one day but that might be it.. just a dream.
Interest rate cut by ECB next week, if materialises, will be a major catalyst in Europe. U.K. would likely follow.
SYNT, oh well.. I would hate seeing the levels you pointed out but that would just be an expensive lesson for me.
Good luck to all and hope we see good outcome next week.
Stroll has just popped up on CNBC saying about his new fleet of cars, lunch of v12 with over 800hp, buyer age dropped to 42 years old as opposed to previous 55 yo thanks to f1 involvement. Buyers adding potential 100k $ worth of extras with current average price tag of 316k $. Cash flow positive in 3rd quarter. EV delayed due to lack of demand.
Great ad for Aston Martin. The bottom is in.
We’re still at around 50/50 level where it can go either way but leaning towards optimistic scenario. Next week something important is about to happen and that’s the ECB decision to potentially cut interest rates. If that happens, it might give us so much needed boost.
In other shares, I’ve loaded Ocado like the world is about to end at 367 and brought my average down to 416.
Totally disappointed with MCG, so not touching this 💩 for few months since it was kicked out of ftse250. The comments on MCG board are rather tragic.
Good luck everyone. We desperately need it
At 306 we’re not out of the woods yet. If it pushes higher on Monday, then I have target in mind. 450 might be a bit too optimistic.
My average here was 91p old money and was converted to 1824p post RI so we’re hardly pushing 15p old money right now. It’s almost unbelievable when you think about it but it still has a great potential. At 45p old money which still seems cheap - that would be 900p but valuation would have been 1.5b which might be stretched too far.
With Ocado, the rise took me by surprise yesterday. 330 Thursday and now 370. Maybe it’s very last chance to push higher to survive FTSE relegation. By looking at last year around same time, we were somewhat similar level so if they decide to leave it in ftse100, it will fly and I’ll regret not buying around 340s. My average of 460 is much worse than yours. My plan is to pump a lot at 270, then the average would drop to 350 which would make it quite exciting investment both average and size wise.
With MCG, I’m slightly worried about RI but it might never arrive if they finally offload NA.
I loaded Essentra this week, it’s one of those yet another cringeworthy decision of mine. Oh well, guess will have to wait longer for it to turn around.
But I’m semi heavy in CWR which makes up for for part of the pain I suffer on other shares.
Taiwan worries me a bit but I think it would be dump and pump scenario.
JW, I had a plan to average down MCG and now seems like a good time but I’ve already spent the available cash dedicated for MCG on some other scammy pump and dump 💩 company in the US market so can’t do much right now. MCG is my smallest investment so not bothered too much.
Essentra went down after results so just pouring more fuel over my already heavily burnt account 🤦♂️
Haven’t averaged Ocado yet either as I still have this 270 level in mind. But I guess I’ll just wait and see.
if China invades Taiwan in coming weeks then my house of cards style portfolio can collapse and there won’t be much support on the way down
I thought it would hold 300 as there was some weak resistance at this level on the way up. Now, I’m not sure what I’m looking for.. if 285 gets broken tomorrow, we’re in very poor situation. Potential rebound to 315? I just hate the reaction at 330.
Can’t help the feeling I’ve overcooked it..
Tomorrow morning, a company called Essentra (ESNT) which is SYNT’s competitor, is about to post trading update. The update in March was pretty solid so hoping for something similar tomorrow (yeah I’m also heavily invested there). The chart is much tidier than SYNT’s though upside potential is limited when compared these 2 companies. If TU is good, it should lift SYNT with it.
Also, considering that Nvidia posted results that smashed expectations tonight, it should give extra fuel to the market as a whole.
Not sure about the announcement of general elections in the U.K. but I think it’s not a surprise to anyone that labour is about to win.
I’m generally optimistic
I don’t pay too much attention to current market conditions as price action is forward looking and general consensus is the conditions are improving. So this drop is likely to scare weak hands and make them to sell. I strongly believe what we’re about to witness here in the near future (1-2 months), will surprise many people on this board