Gioviano13 Nov 2024 18:33
No need to have a thromby about it Giovanna, I haven’t really filtered you, I’d miss you too much. No point in the I said, you said malarkey and talk of full scale arguments and other drama, let’s face it, it’s only an anonymous BB with people’s opinions. That said, if you want to cut up rough about it, I’ll fight you, your entire family and your hamster outside The Dog And Bacon tomorrow night.
My opinion is:
This is ( currently ) a speculative stock, swings are not related to fundamentals ( most of the time ), it’s the 3rd most shorted UK company for a reason. The market likes certainty and wants more CFC’s as do all LTI’s. Until this happens said swings will continue as large fund holders trade it up and down. I’ve taken a couple of long positions because I feel eventually, more CFCs will be announced. I don’t invest when I think the company has no future. The risk / reward ratio at the price I’ve gone in at is good, I feel. Yes, it may go down sub 300, my own TA post here showed what I think the downside support levels are. As HKK mentioned, at some point you have to take a position if your intention is, as mine is, to trade it. My strategy has served me very well here this year. I’m not waiting for the bounce. I have absolutely no feckin idea if it’s going lower or higher in the short term but I’ll continue to post what I see as positive steps like the Spanish and Japanese CFC’s opening. If the directors at those grocery distribution companies thought Ocado was going to go the wall I very much doubt as per AEON in Japan, they’d commence building a new CFC as they have done in September with the threat of no support for their multi million pound distribution system. This isn’t ramping, just posting progress. One of my positions I’d like to hold until such times a new CFC is announced, the other, or others possibly if it goes lower, I’ll trade. I do understand the despondency of LTI’s holding at a higher price, we’re all entitled to our opinion, it’s just that mine’s the most correct obviously. I have a couple of stinkers in my portfolio where I got in too early, c’est la vie, I spread my risk. If you think it’s going all the way down to 250 good for you, your opinion, I’m not asking you to validate it.
The future ( of online grocery shopping ) is bright, the future is Ocado.
LONG LIVE OCADO!
Peace out
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