2reincarnated Take a look sometime on the other board on mtro. It is enlightening. There are several there that believe the Dow will drop as per the article. They call themselves Spartans. Sentimentrules seems to be the lead voice. Whether you believe it or not it is best to read both sets of arguments. Here on sig I am expecting to double my money over the next 6 months irrespective of any wider index
RE: Ihavenoclue pillock read the post2 May 2020 19:43
and I thought he was calling me an idiot for disbelieving the forecast of a 50% drop lol
To be clear I am calling no-one an idiot BUT the FED have virtually committed to an unlimited buy of assets...so that in itself suggests limited downside. Trump needs the Dow to be well over 18336 when his head to heads on TV start with Biden. It has been over 28 years since an incumbent wasnt re-eleected...and Biden when he gets on TV will be battered by Trump. Trump has already started calling him sleepy Joe....Punch drunk Joe will be next. How the USA can get to a position where they have 2 completely unelectable candidates is beyond me...but they have done it again
So anyone that thinks DOW will be below 18336 by Sep is betting against the house....Its not easy to win doing that
It has become fashionable to say there will be a 50%/ 40%/ whatever drop in the DOW. It might well happen next year after Trump is re-elected....but this year you are more likely to see 28000 than 18000....imho
I will pontificate no more on the DOW. We as SIG are undervalued by any measure. we have stakebuilding (IKO). We have new credible mgt (who got Patisserie Valerie sold within 4 months), we have cash greater than the share price values the company, we are going back to work in a sector heavily promoted by the Govt....whats not to like???? Once the seller is out of the way this week that is
SHI is my 2nd largest position, so yes I am a current shareholder
RE: Bad days to come from Dow Jones1 May 2020 10:34
30-40% fall in a re-election year where Trump has set his own success metric as the level of the Dow...not happening. Fed have more bullets when needed....now next year maybe!
Trump has set his own success metric as the Dow...The Fed have more bullets to fire if needed. So you may well be correct on the Dow visiting its lows...but it wont be this year...so make hay while the sun shines and worry about the rain after November is what I am doing....but I agree with your thesis on sentiment and artificially defying gravity....just the timing
2reincarnated...you sing the broken clock song....but if we ever hit 75p you really should load up.....that price wont be seen again unfortunastely for those that want to buy more,,,,,50p in your dreams lol lol lol
NAS are a Harwood Capital Investment Trust (they have 3). Another of their Investment Trusts Oryx International Growth has 4.44% CIR disclosed end February.
something happening here soon imho26 Apr 2020 13:25
1 New appointment Steve Francis according to his LinkedIn he was at Patisserie Valerie for less than four months AFTER the discovery of the fraud:"November 15th, 2018 brought in by the previous PLC Board to lead the business through choppy after the discovery of a major and extensive accounting and funding fraud." 2 Significant stake building in the last 4 months. Note IKO have doubled their holding and the entry of Goldman Sachs/ JP Morgan and Aberforth....They arent buying to make 3p a share are they? https://www.sigplc.com/investors/information-for-shareholders/information-on-major-shareholders 3 Results due this week...
I dont think it will be dull here over the next month myself...not sure I would invest in this company based on past performance but I have bought a chunk on the grounds that I hope to double my money before end May
the market trend is for Fridays to be a down day in general now. Traders seem to want to liquidate all their positions before the weekend. So look forward to Monday....and if you plan to hold long term buy on a Friday afternoon when the sales are on !
i have quite a bit in LBUL....a 2*leveraged gold etf....My biggest holding is CIR...worth a look imho..a chap put a very good write up yesterday on the other BB about Griffiths (owns 29.83% and the mgt team he has brought in, and the history of how they worked together before....NOT A RAMP I assure you