Member Info for JohnLewis79

DJ -51 (33,043)

SP u/c (4206)

NS +57 (14,355)

R2 -6 (1141)

WTI $69

10ytb 3•679%

MSCI(W) -5 (2826)

Gold Bugs -3 (237)

The major averages ended mixed the Dow closing with a modest loss of 51 points as investors turned cautious around mid afternoon when news leaked the debt ceiling talks may be in trouble.

A hard-core band of a dozen Republicans with some Democrat support are determined to scuttle the Biden/McCarthy deal which goes to a vote later today. The Govt think they have enough support across Congress to win the day.

Latest:- Vix 17•5. Brent $74.

Gold $1963. Copper $3•637.

Palm $870. Silver $23•235.

$1•238. €1•158.

FF-30. DF-110.

Morning all.

Heh heh heh...like a "hypersonic missile" I do like that Taverham and at least if today's trades are not quite of that category we might just be on the way back....to a more sensible valuation.

I've found throughout my investment career it doesn't pay to be too optimistic but sometimes you just gotta go with the flow. Todays rebound in volume nos might be a case in point and the start of a new pathway for the shares having hit a recent 442 low.

I'm extremely p••••d off I couldn't add to my holdings as that bloody US bank still holds money due to me since May 10th. Regrettably I have no recourse due to the small print in the contract note settlements details which as per are completely one sided having moved the goalposts 2 times.

Monies are due in my bank account tomorrow. We shall see.

Evening all.

Thirty days from now will see MSi report full year nos. To turn the tidal wave from taking the shares further out to sea will need a sea-change in investor sentiment.

Very difficult for a stock that's been hammered by the mrkt to suddenly turn on a sixpence and head upwards. It rarely works that way and while vols don't suggest a mass exit from the stock their not suggesting the sp has turned for the better either. I see no buy volume to suggest this is about to occur.

That being so i'd expect seasoned watchers of MSi to have the F/Y nos at their fingertips by now which does not bode well for a spurt upwards to 500p. Unless the nos are truly exceptional 'good to very good' doesn't cut it anymore.

But us long'termers of the shares are more interested in return on capital employed, increasing earnings per share and 'divvy' income than what the sp does on a daily basis......Right?

Vix 18. Brent $76.

WTI$72. Gold $1934.

Copper $3•644. Palm $900.

Silver 23•165. 10ytb 3•763%.

$1•235. €1•154.

Yen 141. Yuan 71.

FF +1. DF-43.

Morning all.

A bright start to the week's trading across Asia and Pacifica as investors react positively to an apparent resolution to the debt ceiling crisis.

Biden and McCarthy have in principle agreed to raise the ceiling averting further "stand offs." Full details remain unconfirmed but the deal envisages non defense spending would be kept flat for the next 2 years and then rise by 1% in 2025. They must now convince a divided Congress to approve the terms before the 2024 election.

The Nikkei in early dealings jumped over 400 on the US news crossing the 31,300 line a 31 year high for the market. Other Asian exchanges saw moves higher on local factors.

Australia was heading up marking gains across all sectors notably miners and techs. Near close the ASX200

was 71 better at 7227 and c.400 off the all time high 7633.

UK and US mrkts are closed to day.

Latest:- Vix 18. Brent $78.

Gold $1947. Copper $3•680.

Palm $927. Silver $23•395.

$1•235. €1•151.

FF +8. DF+57

Morning all.

DJ +328 (33,093)

SP +54 (4205)

NS +360 (14,298)

R2 +13 (1146)

WTI $73

10ytb 3•806%

MSCI(W) +31 (2828)

Gold Bugs +1 (240)

Close:- Vix 18. Brent $77.

Gold $1947. Copper $3•671.

Palm $910. Silver $23•445.

$1•235. €1•151.

Yen 141. Yuan 71.

Morning all.

An all round better week for MSi in trades and volume terms though the shares closed down 14 reinforcing my unscientific view point the more one buys the cheaper the shares become. Shame this doesn't apply to my weekly shopping trolley.

Might suit some but certainly disconcerting to others who believe share prices should improve as earnings per share increase. Unfortunately successfully forecasting share price movements is something i think no'one can do in the short term.

In the longer run I feel MSi's mix of assets are going to be worth considerably more money than I paid and investment gains will add significantly to operating returns. In time share prices will rise to meet the changed circumstances.

•••••••••••••••••••••••*****•••••••••••••••••••••

Ytd the ftse All Aim is down 5% the Small Caps off 2% and MSi a whopping 33% down.

Wk 21

-----

T/trds 52

T/vols 47,700

Buys 40,400

Sells 7,300

Buy % 80

Av trd 920

Av £ 2340

Morning all.

DJ -35 (32,765)

SP +36 (4151)

NS +334 (13,939)

R2 -4 (1134)

WTI $72

10ytb 3•810%

MSCI(W) +8 (2797)

Gold Bugs -6 (239)

Latest:- Vix 19. Brent $76.

Gold $1948. Copper $3•619.

Palm $910. Silver $23•025.

$1•233. €1•148. FF-11. DF-50

Concerns about the economic slowdown and the US debt ceiling which has been raised 100 times since WW2 and every year since President Hoover was elected continues the bearish mood of investors.

Despite the gloomy background, mood on the Street was calm thanks to techs powering ahead. The Dow and the R2000 closed marginally lower.

Some relief is seen as lawmakers move closer to a deal to raise the debt limit and cap spending for 2 years.

Reflecting these, Fitch Ratings placed the US "AAA" credit on a "rating watch negative."

Tres Secretary Yellen continued to warn the Govt is close to running out of money and defaulting on its legal obligations would be catastrophic for the US economy. There are a number of serious effects.

Wall and global mrkts would plunge. Retirement savings, 401k plans, college savings and interest rates would soar. Other knock on affects would impact Medicare, Medicaid, Veteran benefits and all spending plans.

Finally President Biden could unilaterally lift and possibly override the debt ceiling which is seen as the last straw.

DJ -256 (32,800)

SP -30 (4115)

NS -68 (13,604)

R2 -15 (1137)

WTI $74

10ytb 3•754%

MSCI(W) -28 (2789)

Gold Bugs -6 (245)

Latest:- Vix 20. Brent $78.

Gold $1958. Copper $3•571.

Palm $917. Silver $23•130.

$1•234. €1•149.

FF+9. DF-87.

Morning all.

The US bank still refuse to accept details from my bank. I have suggested we should ask them to send me currency thay are more familiar with like Chinese Yuan, Japanese Yen

or Mogadishu whatever. Outside of that I have offered to swim across and collect the cash...

Can you believe these bloody US Banks now want my bank to send them their full address letter head has to be on full scap paper before they will release my funds they have been keeping in their account for over 2 weeks.

The fact that they have sent monies to my account in London on 2 previous occasions with no problems seems to have escaped them!

W*****s...

Chinese mrkts fell amid fears of a resurgence in China/US trade tensions after China banned US chip maker Micron from selling its products to Chinese companies working on key infrastructure projects.

Worries over a post Covid rebound running out of steam sent mrkts across Asia tumbling. The main Shanghai and Hong-Kong indexes fell 1•5% & 1% respectively and have continued down this morning.

The Nikkei 225 in early dealings dropped c.400 points snapping an 8 day winning streak despite manufacturing activity expanding for the first time in 8 months and growth in the services sector hitting a record high. A slight recovery is underway on bottom fishing.

US mrkts closed down the Dow off 231 on low volumes. Sellers outpacing buyers by 3•5:1 as investors await updates on debt ceiling talks which as of now are no nearer a resolution.

Tres Sec Yellen said the likelihood of the Treasury paying all US bills by June 15 is quite low. Any deal will need to be rubber stamped by the full US Congress (the Senate is out of session) which will be interrupted by Memorial Day Holiday on Monday 29th.

So with only 6 working days left its looking increasingly unlikely unless they "stitch together" a temporary deal. Investors fear the worst sending yields on the 1 month t/bill soaring to a record 5•89%.

DJ -231 (33056)

SP -47 (4146)

NS -177 (13,673)

R2 -1 (1152)

WTI $74

10ytb 3•687%

MSCI(W) u/c (2817)

Gold Bugs -1 (251)

Latest:- Vix 19. Brent $78.

Gold $1979. Copper $3•618.

Palm $925. Silver $23•585.

$1•244. €1•154.

FF-32. DF+53

Morning all.

US debt talks remain on the right path as Republican House Speaker McCarthy and Biden meet to avert a US default on the $31•4tn debt.

There is broad expectation that a deal will be done before the June 1 cut off date when the US runs out of money. Currently borrowing at the rate of $4•2bn per day this fiscal year investors become twitchier as the deadline approaches. Should a default occur the Yen and gold are seen as the most likely to benefit according to Banking analysts.

A mixed day on the Street saw techs advance despite Apple, Meta & Micron falling back in pre mrkt dealings. The Dow slipped 140, the S&P ended unchanged.

DJ -140 (33,287)

SP +1 (4193)

NS + 46 (13,850)

R2 +9 (1153)

WTI $72

10ytb 3•716%

MSCI(W) +3 (2846)

Gold Bugs -1 (252)

Latest:- Vix 17. Brent $76.

Gold $1963. Copper $3•679.

Palm $927. Silver $23•685.

$1•243. €1•150.

FF-4. DF+18.

Morning all.

Correction to " I was stupid enuff to buy at 700 plus" My highest purchase price was 667 so some small consolation. If my cash coming by Stage Coach from the US arrives in time I will add to my holdings.

To think I was stupid enuff to buy at 700 plus. That was a sucker trap laid by mrkt makers for the unwary and I fell hook line and sinker into it I'm ashamed to say. I offer as my only defense greed and am paying a heavy price, albeit one of paper and not my hard earned cash.

As you all know its easy to buy and thats when your problems start. If your a holder the act of selling requires a whole new mind set due to the sense of loss, fear of missing potential gains and holding on to losers for too long.

No doubt i will compound my stupidity by buying more at 450 and all points south to penny stock status (99p). Having got the bug to add to my losses a perennial failing of my investment strategy, i'm determined to continue as spotting duff stocks is becoming a talent I have recently acquired.

Take today, buys outpaced sells by 7:1, didn't stop the shares falling another 14p now 32% down on the year.

One would think this to be a great opportunity to add despite the shares saying "Avoid" at all costs, i have been saying buy at all costs.

I'm more than ever convinced the current sp is in no ballpark that represents fair or half sensible value and should be a raging buy. The fact the mrkt takes an opposing view is worrying for MSi bulls some of whom have taken the path of least resistance and sold out. I'd guess at a loss which i'm not prepared to do without concrete evidence the company is heading to skid row.

Evening all.

I'm very tempted to buy but see opportunities nearer 400 at this rate. I'm waiting on funds due from the US "Stage Coach" delivery system that so far has taken 14 days not to reach me.

In an effort, I tried to access a quicker delivery method through Pay Pals payment system for what I was assured would be a "Pony Express" transfer of funds into my account.

Not so. I gave up having to sign voluminous pages of bumph of my dob, email, pass word etc... I have booked my passage on P&0 it will be a lot quicker.

As has been noted by other posters its often worth paying attention to what the Directors are doing with their investments in MSi. Someone has to as the mrkt is clearly not interested.

Well, they have been all buys and along with positive comment from the likes of Simply Wall St on the undervalued stock price it remains in the delete bins of Aim no hopers.

Someone has got this horribly wrong and will surely pay a price. Its a very expensive business to be wrong in the stock mrkt. I have to admit the mrkt is rarely wrong and i'm guessing their satchels are full of MSi paper for the move upwards.

Comments from Fed Chair Powell that rates are likely to remain unchanged next month boosted hopes that a deal will be reached on the debt ceiling to avert a first ever default.

The news calmed gold dealers who are having second thoughts towards a recession that is killing 'safe haven' demand. Despite the poor price performance of gold recently sentiment is seen for prices headed back to $2000.

Oil is forecast to head lower in the near term dragged down by demand and recession risks. It later transpired that Republican negotiators had walked out of the talks.

It's a bright start for mrkts across Asia this morning led higher by the major stocks in Tokyo, Hong Kong & Shanghai. Domestic factors are powering stocks as dealers are wary of opening new positions until a conclusion is reached on US debt ceiling woes.

Futures are mixed in Asia the ftse called to open slightly higher while the Dow off around 20 points.

Morning all.

DJ -109 (33,427)

SP -6 (4192)

NS -31 (13,803)

R2 -9 (1145)

WTI $72

10ytb 3•683%

MSCI(W) +3 (2843)

Gold Bugs +1 (252)

Close:- Vix 17. Brent $76.

Gold $1979. Copper $3•728.

Palm $940. Silver $24•020.

$1•245. €1•150.

Yen 138. Yuan 7•00.

Morning all.

I'm not sure how much substance their is behind the continued share price decline this year. It could be bored pis seeking pastures new regardless of how good the

the F/Y nos turn out.

On the basis its better to be safe than sorry or short sellers thinking there's more easy money to be made, it's not been a good (5) months for holders. The change in sentiment has been sudden and unexpected. I at least stopped sucking my thumb and added to my holdings.

Most of us, I suspect can only guess what the F/Y results will reveal. If the sp is any indication pretty bloody awful given its 30% down and has rarely given holders much to be happy about.

However i believe investors have taken a too negative outlook and barring extraordinary items will be much better than pessimists think. I don't think the past is any guide as it cannot tell us anything about the future of MSi. My bet the next few years will be a more reliable guide. Either the market makers have it spot on or horribly wrong.

Anyways enough of my surmising. Here's the important numbers, which you will note showed buys outpacing sells by c.22,000 to c.10,000 yet the shares still fell 14 on the week to their lowest point since Dec '22.

Sp down 30%

T/Trds 41

T/Vols 32,160

Buys 21,810

Sells 10,350

Sells 32%

Av nos 785

Av £££ 1940

Morning all have a good wk.