The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Technicals analysis is nothing more than taking a best guess given historical price action of what may happen in the future. What people who do not like/use it often choose to hear is that they are firm predictions.
The fact is if you apply some basic technical principles to your investing strategy like stage analysis and don't buy anything that's below a 200 moving average as part of your investing strategy imo you will increase your performance in the markets.
Agreed Anacott it's become resistance if it can turn into support before the end of the week that would be great.
Same here yespsb, I was over 80% up here and normally I’d have been long gone due to technicals, probably a week ago or more but MM dropping the GS early has me hanging around for what I hope will be an even bigger pay day. Time will tell if it was a wise decision or not which I know is partly based on emotion.
That’s what I thought too licker, if he’s going to start ranting on social media he better have good results in September otherwise he’ll look like a right fool.
No volume behind it? I wouldn't call 1.1M in the first hour no volume...
That said I don't think there is cause for panic if you pull up the FTSE100 monthly chart as of this moment it has fallen nearly 5.75% in the month of August and we are down 11.5%, the tide will turn. If it were just THG get slaughtered I may be concerned but it's a sea of red, most UK stocks have gone nowhere or down this month.
I try to stay balanced on here and not get too carried away.
All I would say is that if you have an average of 80p or less then you should be just fine. If it dropped much much lower than that then you would be in good company as John Gallemore would have royally misjudged this stock too to the tune of roughly £600k at 77p.
'"fairly volatile" is a bit of an understatement ^^'
Fair enough, it's like a bipolar blonde after half a bottle of vodka but we love the excitement ;)
This is a fairly volatile stock, since the July highs it has fallen 9-10% and that's off the back of a crazy run.
In the same time however the FTSE, SPY and QQQ have fallen 4-6% so i'll take that tbh. August is notorious for being a choppy month in the markets, once the indices get some wind in their sails so shall we imo. Sit tight no reason to panic from what I am looking at.
I also have 93p marked up as the closest level of support, but it has done very well today imo considering the market turmoil here and in the US. If UK CPI is ugly tomorrow then I think we may really find out where we stand - but by all accounts we may see a number which starts with a 6 but which may rise from there.
I am cautiously optimistic right now. I think there are numerous reasons - which have been well documented here - which mean many people aren't going to consider selling this side of the half year results.
I don't think it would be a major divergence from the MP business model a few new products and some repackaging, no need to go "all in" test the water with a few things, I think it could be a large untapped market for THG.
I have to say nor do I want him to be shown the door, I understand some people are frustrated with him here but he is Mr. THG imo and i'd much rather him steer the ship than someone else.
No I don't BAZ, I try not to let myself get whipped up into a frenzy with the MBO stuff but I would be surprised if an event of some kind does not occur before the end of the year. He obviously eats, sleeps and breaths THG it's his lifes work and if it was me there is no way I would risk being removed from the business.
"Are cat food companies supposed to be concerned about all the people who don't have cats? Why should a sports nutrition brand be concerned about those who don't do sport?"
I was saying that the MP brand isn't great if you're trying to target the rest of the market who are not gym goers with healthy alternatives. Using your analogy it would make perfect sense to become a "pet food" company and make dog food too, likewise with MP why not have another "healthy" brand that is more tailored to the general shopper? "MYPROTEIN" in my humble opinion is not a great brand name for this purpose.
I think what yespsb said is correct, if you're eating an average western diet and are not concerned with gaining muscle (which is most of the population) then protein is not a macronutrient of concern. Even the 2.2g/kg is overkill imo as a 100kg male who weight trains 4x/week I shoot for 150g a day and am doing fine. Most of the studies I have seen that recommend for 1.8-2g have professional strength athletes in mind who may train multiple times per day.
This is why I think it may be a good idea for THG to have a separate brand, keep MYP as a sports nutrition brand and have another brand to target average consumer looking for healthy alternatives.
It's meant to be tiring... "If they don't scare you out they'll wear you out", mid September isn't that long to wait now.
Was going to comment on the volume today myself it's incredibly low today, I wouldn't be surprised to see this breakout from this range we have been stuck in this week. Like a beachball that is held underwater once the pressure is removed it could be a powerful rise.
This is what makes me laugh...
The markets "We're future thinking we've already priced this in"
Also the markets "Wtf it's been raining?!?!"
Interesting theory
I identify as a ghost my pronouns are who/where
What Data are you looking at Polish? Still says 0.89% last updated 20th July from what I am looking at.