Member Info for luddite

DarrenBuffer, What age are you ? I started having to buy my own food in the late 1960s and being the tight wad that I am kept records and in many cases receipts. Food has been deflating in price and has never been as cheap as it is now. One price I can remember from the 1970s is paying 17.5p for a pint of lager in the pub and for my 3 hour shift working as a part time barman I got paid 82.5p which would buy me four and a half pints. 3 hours work in a pub today pre shutdown would net £27 which would buy 9 pints of beer as long as you live like me in the north on that basis its cheaper today. Supermarket food has been declining in price at the same rate . I will get back to Sara later as I have to now cook my Coquilles St Jaques which I just bought from M&S for next to nothing and certainly a fraction of the price it would have cost donkeys years ago thats if M& S ever did stuff like that in the olden times, the best you could get was about 10% off a stale loaves , these days same can be had for 5p, you two are completely clueless.

Sara, why do you go all out for extremes ? No doubt we will see inflation but stagflation no, we are not about to do a global Weimar, food is cheaper today in real terms than anytime in the past 50 years, I am paying less for diesel today than in 2000 so I can live with some inflation. The doomonger pundits have been doing what they do for years and ropeing in new customers, one thing is for sure even if cov19 got more people than Spanish flue which it probably will not it would hardly be a blip on the rate of rise of the world population. China and Russia may say they want to re set the world, I do not believe they do as were would that leave Putin ( probably the real richest man in the world ) and Ping ze wing etc , these bods don't really want to upset the apple cart, there is no great re set coming but you carry on believing if it makes you happy.

Sara , the gold bullion and scrap sovereign traders are open for business and will sell to you and deliver as many coins to you as you like so you are wrong but I will not be buying any. We are not preparing for WW3 and no I do not trust the banks or politicians but I can live with that and no we are not about to bring in a new world single currency, thats one of the battiest things you have said other than maybe your worship comment. The only thing we are in agreement on is the euro is probably in more trouble than the £. Shares have rarely been priced on their fundamentals, sentiment has always ruled the market and that will probably never change.

Sara , Do you remember about 9 or 10 years ago we were bombarded with a yarn with the title ' The End of Britain' , they pumped it for subscribers to their rag for a couple of years and then when everything went the opposite way they quietly dropped it, they got just about everything wrong but it did not matter as I think they got plenty of people signing up for £6.99 a month on how the best thing was to become a gold bug etc. Anyone interested in buying gold should just buy scrap sovereigns for about £288 each but the problem is they have never been a good investment compared to shares, I bought one each for the kids around 2011 for about £210 when even then there were people predicting $10000 gold, they have done ok but not great and I would not think they are great value at around todays price. Some of the latest yarns being spun by Southbank etc look to me to be have written by the same people , seems to me they have just rehashed ' The End ' somewhat to ; ' Financial Martial Law in Britain' . This stuff must appeal to a certain type of person, are you a subscriber ?

Sara is waiting for a good down day before she comes out of her burrow, ideally RDSB at £2, Barclays at 20p, bank ATMs closed for good , Gold at $10000, oil $1 , etc etc, and everyone will get on their knees and pray to her. I must admit I enjoy reading her posts, nothing like a good conspiracy theory, I am looking forward to her revealing the names of the illuminati, the only ones I can find so far have cracking good names like Xavier von Zwack and the Duke of Goth etc and to be fair to them they seem to me to have been good guys, problem is they have all been dead for 200 years so she can't blame Covid 19 on them.

Its all about your attitude to risk, mine is that if I fall off the roof an undertaker may be required but I will not likely know much about that as the drop is quite high but the benefit to me of acheiving doing something worthwhile and knowing its been done right is worth it to me. In terms of trading IAG I probably have the same attitude to risk, I have been taking risks but they have been paying off. You on the other hand termite would probably not take a risk, are you risk averse, it would not me if you are after putting all your eggs into one basket and then losing so much so I can sympathise with your predicament but don't let it make you freeze like a rabbit in a cars headlights which is what you seem to be doing.

I have been through a lot worse than croner virus in my time, for all I know I may already have had it and and its gone away, so yes you young whippersnapper I reckon I will be around to see £8 never mind 6, if I were you I would be more thinking will you be around to see it ? and I am not stuck indoors for 12 weeks, I am in the middle of fixing the ridge tiles on my roof which have been needing repairing for a long time, thankfully I bought all the stuff I need ages ago but I am keeping a sharp eye out for plod just on case old codgers are not allowed on the roof and even worse termite I am not wearing anything resembling safety gear so fixing the roof is probably a greater risk to my life right now than the virus. Any way termite carry on with your tripe, I always enjoy a nice bowl of tripe and onions.

Here he goes again , termview with his tripe not really understanding whats happening, the issues affecting IAG are now affecting lots of businesses as many are not closed not just airlines. IAG is now moving up or down with the market and early on in the crash they got hit first , IAG got close to 193 this morning and then went up by 4% in 30 minutes, this is what makes it one of the best along with the last tip I gave you, stop your whinging termite and go make some money instead of your constant moaning.

Termview, I am guessing you missed the opportunity to clear a quick 14% whilst you wait patiently for 50p ? I gave you a goood tip on 20 March but I bet you dismissed it as 'garbage' . I enjoyed reading your explanation of shorting being someone selling high and then buying back when the price drops, you do come out with some absolute gems termview, how did you learn such wisdom ? I will stick with trying to buy low and selling high with the odd short thrown in when I am confident and do it as often as possible.

Termview, You say I write garbage and then you say ' unless ' so in that case its not really 'more garbage from luddite' and you have just explained why, thank you so much for your explanation, I really enjoy our schoolboy style of arguments, my conkers are harder and bigger than yours.

Skier 1 , Norwegian air has been a basket case long before the virus panic, it will take a lot more than a 10% equity stake to keep it going, 10% is a gesture in the same vein as some of the airline bosses that have taken a 10% pay cut, the only ones I can respect are those that have taken a 100% pay cut, I am not impressed with Willie Washes gesture to take a 25% pay cut and deferring retirement, at his level and those of all the directors they should easily all be able to manage with no pay for the next three months. I am even less impressed with Sirs Stelios and EZJ paying out a dividend.

Wrong again termview, the first possibility is there could be a rights issue but that has to be judged on wether or not it could be underwritten and would it work, as you will be painfully aware Sirious had a rights issue and in your case it may be the only rights issue you have ever experienced but me in my great self promotingness and pontifying holyness have experienced hundreds of rights issues going back many decades , ( notice full stop used termview). Some rights issues do what they were meant to do and are set at a discount which once recapitalised the share price more often than not rises above. The worst offenders I have experienced on rights and capitalisation issues were the now defunct Lonhro, they had so many rights and scrip issues that it was hard to keep up with it and yes I lost a lot on Lonmin. On the other hand most of them do what they are designed to do and work well, if IAG offer a rights issue if the terms are ok I will probably subscribe.
If IAG go for the government being issued shares, this would be the same effect as a placing on AIM, probably at an initial discount but any dilution is likely to very short term. The matter of whose posts are misleading is purely an individual matter of opinion of course and of course you already know my opinion on your opinions.

I was at the presentation in London about two or three years when him that is not allowed to be named took Woodford apart (Winninfrith Thomase .... I am half expecting his name to be bleeped out by the thought police ) who also did some good stuff exposing Quindell , everything he said about him has come to pass, I doubt the investor show will be going ahead this year but without Winnifriths ascerbic take downs I would not make the effort to go anyway as all thats left are the type of AIM companies exhibiting that should be avoided like the plague, even in in a good market, what was Nigel Wray thinking when he bought it out, without Winni it seems a bit pointless. Well done on Siriuos , I think I made a loss on it over several dozen trades but I cannot find time yet to do the final reckoning.

Quiggers , I want IAG to lock down the same way that individuals are doing , they may as well shut down completely for the time being as they are burning cash, I would like to see muchof the senior management take unpaid leave and then ask most of the staff to do the same, RYA can get away with cost cutting easier than IAG but they will have to do it. IAG should be talking to creditors and bond holders, they may very well be already, I expect that creditors do not want to cause IAG to go bust not because they are kind but because they don't want the bailiffs to turn up with hundreds of aircraft and landing slots etc and then find that they cannot sell them at any price, I agree Buffet breaks his own rules all the time, he says he does not do derivatives but he is one of the biggest players in the insurance industry which itself is the biggest derivative play, he bought into Tesco without proper due diligence on the chavs running it , he does make mistakes. BRK has become a market proxy and has been for a long time and I think the days of 22% annual returns are over for it but I believe Buffet would rather keep Delta afloat than see his investment in it lost. I have studied TA for 40 years, read every book I can find on the subject , it does work but on certain time cycles for day trading and can be good for monthly options cycles on the US market but a lot of the high end fibonacci stuff is mumbo jumbo and the industry is full of charlatans, a lot of the pundits just make the lines fit to suit their spiel, TA does not cover gapping up or downs like we have been getting but take a look at the 2 minute charts for nearly every share today , you could have banked money up and down on nearly everyone, there have been 6 bankable ups and downs so far today on IAG. Yesterday was not as good, we got a damped wave form early in the day on the 2min and then it virtually flatlined so not much of a day for volatility. TA does not work at all on small cap companies such as those on AIM but I always see what tramline Burford , the Zak Mir, Strang etc are preaching but one thing I do which a lot of people do not want to spend the time doing is going back over their predictions to see if any of them have got anything right and I will not say anything more on that subject other than I believe I have them sussed out.

George, don't look at moodys, look in Warren BUffets pockets and his 8% warrants or convertables, he has well over $100bn spare cash and a stake in Delta, he saved GE from going bust in the credit crunch with a very satisfactory deal for himself and likely to do the same for Delta.

long term , I make no apologies for sending you to sleep or making long winded rambling posts, having read some of your rambles you can certainly spin a good yarn , but looks like I called you out and you don't like thinking about your losses on Sirius and how Mr Fraser took you for a ride. Something I notice is those predicting low buy in prices here appear to have suffered large losses on a share and have then gone on to post daft buy in prices on several shares , its a strange phenomenom but a pattern is emerging.

scarymanga , you recommended PMO a buy three months ago at 95p, its 14.5p today . I see you have posted ridiculously low target buy prices on lots of shares, I doubt you will even get one out of that lot right.

Mr Bored , I am so sorry if you feel pointing fingers is wrong , I feel it is ok and I have no problem anyone calling me out either . I did buy higher and I have some which I bought well over £5 but since then I have done quite a few trades long and short, and closed them. I may give the impression that I am permanently long, I go short using using a CFD but normally thats in and out within a day , I have not gone short like Whatamess claimed to have done although his target price of £ 2.50 was hit from about £4.50 so he should now be rich, however he also claimed to have made 120k going long Gold ( he never specified 120k of what so could be toilet rolls or cream cakes ) but that was with Gold over $1700 and now its back under $1500 so thats him wiped out but of course unless he posts the in and out points he gets no credit . I get this right more than wrong otherwise I would not play the game which I have been doing on IAG and BA for a long time, the day trade I posted both open and close price on 27 Feb is typical for me but for sure I am not posting these every time I trade. Its a hell of a lot easier trading short term over a day than trying to guess the bottom and top in a market crash like this and I feel deja vu here having these discussions, very similar to a long running ( over four months ) discussion I had on here starting around Sept 2013 when the price was around £3.30, I predicted £4 to close by Christmas, my fellow argumentor was convinced £1 was on the cards, IAG closed at exactly £4 on 24 Dec and I had a lot riding on that punt.

I have respect for those that are in the game long or short, there is absolutely nothing morally wrong with shorting and anything that contributes to liquidity is good, then there are another set of people that are watching the game but don't play, if they were so convinced about 50p then why not place a bet, the reason is they are just cheering on, passing the time of day on this fabulous chat channel, and thats perfectly ok but don't expect not to be called out. The price will not drop to 50p, thats about 1/3 the value of the assets and the IAG assets are mainly valuable and even a distressed sale would fetch a lot more but all comers are welcome to make daft predictions by all means but there really is no polite way of calling them out.

longterm , you have a very public record of getting everything you have done wrong and not just a little wrong spectacularly wrong and no record of getting anything right so why should anyone trust your view, if you believed your own prediction you could as you did with Sirius put any eggs you have left into shorting IAG. You claim to have been in the same league as Jim Glickenhaus as an investor in Sirius, so how much do you claim to have lost now that Anglo have taken you for a ride ?

Your ability to detect sarcasm longterm is not the best, but I did read everyone of your posts in about 30 minutes which is probably 30 minutes longer than anyone else other than your goodself has spent on them, I am intrigued but can in a way understand your bitterness towards Fraser if you really did lose a big wadge as you have already alluded to doing but why did you put so many eggs in one basket maybe nearly all your eggs ? I have to assume you are young and with not much experience so you have got time and you might get over it, and yes I am an old codger but I am not prone to fantasy but who cares if you believe me or not it doesnt really matter, I have nothing to prove. Why would you think it so fantastical that I worked for a very large company that endured some very savage cost cutting and being a US company they wielded the knife very quickly when they needed to , surely these big companies have employees, mine had hundreds of thousands of employees and for a glorious but brief period had the largest market cap in the world ( then it was all downhill) , but clearly you think little old me could not possibly have been an employee, wo is me.

Mr Termview, Fantasist and hoarder , what what , you so hurt my feelings, well no not really my hide is probably a lot thicker than yours. I always do my research and read every one of your 16000 posts on Sirious and found an absolute gem in your very first introductory post ' I have a significant position in Sirius. Just like Jim Glickenhaus,' oh how I laughed and laughed when I read this, nothing wrong with being a fantasist longview , don't ya think ?

I lost a lot myself on Sirius having been in and out of it for about 8 yearsbut when the writing was on the wall I cut my losses quick but you seem to have re written War and Peace on the SXX LSE chat channel and fallen hook line and sinker for the share soc line that shareholders had even a cat in hells chance of beating Anglo American and you think maybe I am a fantasist ?