Member Info for JohnLewis79

FFS leem1...shut it! U trying to take over ramper H's job?

Change of subject, its backstabbing Gove v Mogadon Hunt. Hmmm, why bother?

Used to be called the 'mushroom' rns..

Tres droll bunks...

I did Bruce we spoke on the (G board ?) a few wks ago. I take it your invested here hope its not costing you too much. At least 53 may have been the low so good chance for a revival. Gluck.

Good post MaureenT. I agree. I must stress im not invested in WPCT....only by association...

Hi Bruce surprised to find you here. I checked in following the EI debacle and the subsequent slide in the sp here. My only interest is my 'blood' thing is in WPCT and without Ws interest and support we'd have been down the knackers yard a long time ago. So, I'm not joining in the 'bash Woodford brigade' yet.
WPCT is an entirely different proposition to the EI fund as you well know. Valuing the unquoted stuff will I'm sure have taken a hit as has his reputation. A sad end to a stellar career if as many predict is the outcome.

The summer blues, cricket, Ascot & holidays keep invstrs away. That's fine I can hold as I'm fully loaded here.

US stocks are flat ahead of Feds latest monetary policy decision expected 2pm Eastern. The Dow up 13 at 1.00pm, 90 off intra day high. Will the Fed be influenced by some surveys reporting a downturn in sentiment and growth slowing to cut before July? I doubt it.
T/bills rose to 2.09% with the greenback little changed.

Analysts are 100% certain a rate cut will happen this year. Early risers on the big board were United Health, Goldman, Amex and Travellers all c.1-2%. Exxon ($75) tended lower as WTI slipped to $53.78.

Stock in focus was Tesla ($225) having a very good
June some 23% higher so far but way down on July'18 when Tesla nearly hit $400 and Musk then attempted to take the Co private which tanked the stock.

****
18:05 Third ballot result.
(Stewart out with 27 votes).

Boris 143
Hunt 54
Gove 51
Javid 38
****

As expected the Fed left rates (2.25%-2.50%) u/c in a 9-1 majority for no cut.
The Dow closed off the best up 38 (26504) the 500 rose 9 and Nsdq 33.
WTI rose 67c to close $54.45.

Asia was on the rise on back of Fed news, TK up 151, HK added 284 & SH jumped 2.55% to just below 3000.

The nos: Oil $62.64.
Gold $1383. Coin $9314.
Vix 14. £$ 1.268. £€ 1.125
MSCI 519. FF +28. DF +90.

Morning all.

I know charts, squiggly line and 'wave' theorists have their fans. I'm not a believer. I don't understand the basic theory and it would require me to be sitting in front of a screen all day long looking for the next pattern, breakout, volatility or price history to latch on to, etc.. I'm sure boyo does not rely exclusively on chart theory etc..., more of an aid to help him make money. Revolutionary stock mrkt systems that promise profits are two a penny and should be avoided.
Ask yourself do you know of a chartist practitioner who is worth c. 84bn?
That's a tad unfair but you take my point?

That's not for me. I prefer to own part of a good business, not the share price, prefer simplicity over complexity as the basic fundamentals of sound investing are pretty easy to understand.
If you don't, check your local library you will find books such as 'Investing for Dummies' & others to help you.

As ever stock picking is key and nobody but nobody has a golden ball that guarantees success in picking winners. That's where doing your own research and not following tipsters etc.., might keep you on the right path.

Trust me it's a very rocky path and requires a strong constitution to absorb all the negatives as well as the positives.
Staying the distance in the stock market is like running a hundred marathons or climbing up Everest backwards.
The only way I know how to survive is by holding a bunch of quality companies for as long as one can. Regrettably I rarely take my own advice and not having the required discipline has cost me dear.

I'm already uckefd out!

Here's 4 downtrends mtd.
G -15%
Gkp -10%
DNO - 9%
Oil - 13%

Jack, .....A backtest on a down trend....please! In common ol' garden English if you will.

Yup boyo. A Booooris / Farage deal should see the blues win a GE. Thereafter Gawd knows.....

Long suffering G holders should remember Maynard Keynes saying the 'market can stay irrational longer than you can stay solvent'
So making a bold call to invest in G be prepared to wait a long time to be proved right.
That's par for the course for long term holders and while you wait your receiving a decent return, hopefully maintained on a stock out of fashion atm.

We await the mrkt to recover its enthusiasm for oils and much of Gs underperformance can be put down to past history, unloved oils and not stock selection.
Your still here and likely showing a loss so stick with it and resist the temptation to change. That's too late now.

Can't say Boris advanced his cause at last night's shambolic debate but he didn't damage his prospects despite being in stall 6 and seeming bored with the situation. Rory May the tieless liberal do nothing candidate 'pooh pood' everything the others said
while offering little himself. Gove 'I've got a horse'....sorry plan had most of the air time while Mogadon Hunt and Javed trailed in the runners up spots.
Perhaps the debate was run to give the candidates an opportunity to belittle one another's plans which Boris studiously refused to do. Little was achieved in a largely waste of the viewers time.
The balloting process goes on today with one more dropping out.

Stocks & Gold surged upwards as Trump tweeted he will be having an extensive meeting with XIJP at the G20. By 10.00 am the Dow was over 300 up continuing the June revival in share prices now running at 1640 points.
In London Super Mario turbo charged the ftse saying further economic stimulus would be provided the ftse up over 100 towards close.

However there is the small matter of Iran, tankers & rattling of sabres for mrkts to contend with. Rhetoric from both sides continue to muddy the waters. "Not us Guv" says Iran as the US provides photographic evidence to the contrary. The US has 35,000 troops stationed in the region and plans for as much as 120,000 as in Gulf War 2, should war break out.

Saving face is extremely important for the Iran regime as they are betting Trump does not want to involve the US in another Gulf war with an election looming, so they chance their arm by baiting the tiger for home consumption. Sanctions cont to hurt Iran who play a dangerous game with a psycho like Trump. They may have his measure as 'all talk and no walk'.

With US indices heading towards a record June (+8.6%) the Dow finished up 353 (26465) the S&P put on 28 (2918) and techs added 109 (7954). The S&P and Nsdq are both within touching distance of record closes. All are c.6% better this month.

Asia surged on Wall's optimism and news of G20 trade talks in Osaka, Japan. However there is no immediate resolution to the impasse and many say the mrkt is well ahead of events. Towards the close TK is up 356 points
HK +652 & SH 44 better.

The nos: Oil $ 62.16.
Gold $1349. Coin $ 9187.
Vix 15.2. £$ 1.255. £€ 1.12
MSCI 516. FF -5. DF +22.

Morning all.

Fed up with the rain on way home showing a small profit thanx to Blue Point.

Answer to quiz is.....The Queen. She has photo finishes every year! (Heh heh heh!)

Not the Aga Khan dodge but a good choice.

Done in a photo....skipping next.