Member Info for hedged

RSI at 23. MACD narrowing but still bearish. Next support is 1,950.

I agree, your thought process and analysis is commended and is what is needed in a forum, be it positive or negative.

Let me wipe that chip off your shoulder.

If I was stirring I wouldn't have listed three counter arguments.

I think we both like the concept of online shopping with a huge technological component. But we differ on valuation and short term catalysts. What am I missing that you've spotted?

An earlier posted suggested to let go tit-for-tat platitudes. I did so with a genuine question to try and engage.

My question still stands. I would be interested to actually know your thought process.

PAD - thanks. Will do.

Can someone post the details of the 8mma buy please. I cant see it appear in the trade list.

Valueplay - genuine question. You've topped up today knowing:
1) there is a potential for an online tax.
2) the trend is downwards and there is no sign of a bottom yet.
3) the macro data is looking dreadful (unemployment is rising, GDP is volatile Quarter vs Quarter).

What factors did you consider when topping up?

Those in finance are well aware that share prices have risen too much since March due to elements of speculation. The same doesnt seem to the case with Amigo (as we didnt see the rise here last year) but is present in the wider market.

Mouse is also correct when she mentions the Robinhood investors who had nothing else to spend their money on. This will have consequences.

Hello Dave mate.

Value play - I selected stocks in Ocados sector too.

Where is the bottom valueplay?

Correction***

Neil - "And like you, I believe it will keep falling".

Value play - how does Ocado fair compared to the stocks I mentioned from their lows in March?

Why invest in a stock which makes 100% when you can invest in one that makes 200%, 300% or even 800%.

The real question is whether you'll see any growth in the share price of Ocado this year. Highs are 2,850.

Neil - the reason why people stay invested during a fall is because they believe the fall wont last too long and it will shoot up again.

The reason why it has fallen is because of the factors you mention. And like you, it will keep falling.

I like online retail, but it was overvalued. This is one to watch out for at a more reasonable price.

I recall advising that this share would hit 2100s when it was 2600.

I also recall no-one liking to hear that sort of advice because it went against their investing opinion.

If you achieved 1% when the overall market was down 10% = excellent.

If you achieved 1% when the overall market was up 10% = could do better.

And I've been right. I exited when the chart looked toppy at 2,750. Missed 3-4% more to the upside.

When the situation changes, I have the right to change my mind.

I hold one share at 6p. That 10mm share was not my trade.

Rishi looks to introduce an online tax which will disproportionately affect higher value items.

When I think of equity swaps, I ask myself what are they swapping. The only thing I can think of is debt.

Therefore, a theory I'm going to throw out there is JPM has bought debt issued by Amigo (say £10mm) and if the share price hits a certain price (say 30p) then the debt will automatically convert into equity.

The advantage for JPM is if the price doesnt rise then they still receive coupons from the debt. If the price does rise then they receive the equivalent shares at the conversion price thus benefitting from the price rise.

Just a theory and first thought.