Not one of my finest trades. I started panicking last night when a trader I respect advised I sell, but he looks at things from a technical perspective, I think all that goes out the window when it comes to this, more useful to have a degree in psychology i reckon.
Yeah , can't get any momentum at all here at the moment. The whole market is one step forward, one back.
'Please stop saying "invest only what you can afford to lose". Where else do we put our saved money, if not in stocks and share?'
A fund like scottish mortgage or fundsmith would be waay more sensible. Investing in a single stock is very high risk.
Slipperz - Don't be a victim in life. The media backlash was always part of the risk here, have you sold out yet? Still a great chance it comes good eventually. I sold mine this morning for risk management, am regretting it already but if this did tank i would have lost more than i could have afford to.
Next scheduled date to release half year earnings is on 5th August 2020
It's definitely high risk/high reward. It's traditionally a very volatile share compared to others. Good arguments for both sides. I wouldn't be surprised if it doubled or halved in the next month it's that difficult to predict.
Covid results look strong, so good for us. But a change in management looks to taken a hit to their share price.
Expecting momentum tomorrow with gvc results, it's been a long time coming. Strong day though with the share outperforming the ftse 250 by x4
Sorry first link is
https://thefly.com/landingPageNews.php?id=3124494
We need some momentum now, strong 1st half results are expected for gvc tomorrow. https://thefly.com/landingPageNews.php?id=3124494)
If confirmed this will be a strong indicator that william hills results will be good on the 5th August and we can finally gain some momentum upwards and flirt with 1.4-1.5 again. Im personally expecting strong results on the 5th as:
1. We have strong estimated traffic for June here - https://www.similarweb.com/website/williamhill.com/
2. Strong numbers on william hill casino - https://europeangaming.eu/portal/latest-news/2020/07/13/74016/how-online-gaming-casinos-in-the-uk-have-prospered-during-lockdown/
3. Good indicators from the ceo - https://egr.global/intel/insight/william-hills-ulrik-bengtsson-we-are-coming-out-of-covid-19-better-than-we-came-into-it/
4. 888 performing much better than expected the end of last month.
5. Management have so far handled covid much better than most people anticipated, quarter results back in May were decent. I don't expect this to stop. Investing in good management is always a smart move.
6. The perfect storm of plenty of sport available to watch and a lot's of bored people. People are shown to bet more in times of economic uncertainty.
7. Personally believe the sp has been oversold due to overblown amounts of fear, covid and a second wave is a threat make no doubt about that, but in reality the threat is not in line with the current sp.
Anyway good luck all, be interested to hear other peoples takes on this
All i know is i wouldn't dream of selling at these prices. The management of the company since covid has exceeded expectations and i expect this to carry on and for this to eventually reflect in the sp.
No idea, but patience will be rewarded here, and these prices will look comical once common sense prevails and the true value of the company is realised.
Yesterdays gains lost again today, can't get any forward momentum atm. What a horrid 5 weeks its been for this share.
At least price is levelling out with the ftse250 . Need good results on the 5th for any decent movement up. That or good news about Covid.
I would wait to see how gvc does on thursday before adding.