George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It is frustrating but not bad as it may seem. Typically bought almost double my holding in the 5s, but looking at the charts 4.4 should provide strong resistance, the price has fluctuated round this area lots in the past. I think I’ll buy a load more if we do drop to that level. I’m in here for the long run anyway. Looking forward to the update, hopefully they’ll be only pleasant surpises, but even then like lots of stocks, solid results get posted and the stock nose dives only to see it bounce back even higher a few weeks later. Anything can happen.
Annoying the spread is rather large, which is probably a good thing as I don’t bother trading it like I would some of the other stocks that are volatile like JD at the moment
Good luck everybody :)
Glad you’ve all kissed and made up :)
Predictions for where this is going?
I’m very heavy in a few stocks at the moment, jd been one of them and the other a gold miner. Both doing well but I’m interested what everyone else has there eye on?
For me tcap look enticing at these prices.
Indeed it did Jamesss. But how has it innovated? It’s the same company it was in 2010, still selling clothes online. But guess what? Now everyone’s doing it. How can asos stand out in this market? It’s impossible. They aren’t cheap compared to SHEIN, temu, and vinted. You’ve got a saturated market. I ordered last week online, found it cheaper in the hut group so went there.
Roberto is right you should listen to him if you won’t listen to me :)
stocks fall out of fashion, MM will keep this down forever. You say you’re in for the long term, why not just jump back in when there’s green shoots and the stock price starts noticeably rising? solid consistent results then it might be worth it. Last 2 updates not even seen 400p
I personally have enjoyed reading your posts lord, also the others on here that interact. I am Interested into how you get your numbers, I know we all trade and invest in different ways but sure does make it fun and always good to learn from others.
I do like to make a quick buck and sel when I can, however not been able to nail this too wel. I sold at 131 and bought back 123 and 116.
Where does it go from here? What’s the next resistance for a nice swing trade?
Spot on Lee couldn’t have put it better myself. FIAT will continue to be de valued, unlike gold where the supply isn’t endless.
Are we due an update this week?
I’ve just added today’s dip.
Have a great day :)
Blabla good to see you have had the sense to get out.
James, you merely have hope, not answers. This is not enough to raise the stock price. Keep dreaming mate.
I’m going now but I’ll keep popping by now and again to see how you guys are doing.
Best thing you can hope for is a take over. Again, hope.
Bye
James you never answered my question either. Declining revenues and a huge debt pile isn’t good for the stock price. So how are they going to make a dent while increasing profits? There’s so many head winds here. You guys are crazy
Says the guy balls deep in an awful stock. How’s that 10 year chart looking mate? You keeping going down!
I’ll put it in more simple terms
Would you choose to swim with the current or against it?
Morning sj have a good day fella :)
Always funny watching the experts on this board trying to justify the stock price and why it’s going to rocket in the next 6 months.
Should have listened to me fellas, JD posted a great opportunity to buy last week down at 116. Now at 125 with a news update this morning. Such a safe bet and easy to swing trade it.
2 questions I have here-
1. Why do you think you know more than profession investors who are shorting this heavily?
2. Why will cash flow improve when a huge chunk of the last update was because of huge sell off of the old over bought stock. It was a one off, which did help the numbers but won’t be repeated again. I don’t know how the board are planning to re pay off the huge amount of debt going forward?
Only thing you can hope for is interest rates reduced soon which may help slightly. But honestly you think 0.25pc reduction is going to make everyone spend money like crazy? Will free up small amounts of cash for people but nothing major. Short term it may see a bounce when they do drop until the results are posted.
Said it before and I’ll say it again, JD easiest 40-50!percent you’ll ever make. Told you all that you should have sold this at 380ish.
Good luck all, you should actually do some research instead of telling everyone else too
Let’s not forget stocks can go down too. I wouldn’t be surprised to see this in the 370s. I got stopped out yesterday, we’ve been hitting lower lows for last 6 days now. Still a good long term hold though, I’ll buy more if we do get to 377, it seems unlikely but I wouldn’t be surprised with the uk markets.
Blabla- agreed, the markets can be very manipulated at times, and I think asos is a perfect example of that. We can only go off our knowledge and past experiences to try and gain and edge on the market. The most useful book I have read is probably the smallest and most simple out of them all. Anyway the real key to been successful is to manage risks, and on that note, i do agree there is hopefully little downside here. I respect your credentials, fair play if you have made that, certainly more than I’ve made. Not a de ramper, quite the opposite I just hate to see people waste time and money, I was in their position once and sat in stocks at a loss for months and months, hoping for a bounce and nothing happened. I wish you the best luck, good to chat to someone mature enough. It’s funny how people get so defensive. Mike
Haha now now boys don’t get catty.
I’ll leave you guys to keep thinking of excuses on why this dog is down. If you can justify your losses through this board that makes it so much better right?
I’d suggest you chaps read some investing books on and I’ll get dictionary how does that sound? Least I can recognise and accept my weaknesses unlike you clowns. Only a fool does the same thing and expects different results. Like a broken record you lot!
Hope your portfolio is looking good with this anchor dragging it down, good job lads! Hahahahahah
Haha jamesss, maybe if you were as good at spelling as picking stocks you wouldn’t be drowning here. Maybe get some armbands mate to keep you afloat. My punctuality maybe not be exceptional but I know when I see a good stock and when I see a pos unlike you!
Blabla- genuinely just don’t like to see people losing money. The share I mentioned yesterday is up another 14 percent today. I set my stops at strong resistance levels so I’m never going to be selling for a loss. I’ve be e stung by a few stocks in the past and always learnt it’s best to cut a looser and possibly miss the bounce back than to keep watching it drop. Wish you the best of here though.
Guys, those who saw me post last week when I got abused and called out. What did I say about this and jd sports?? Follow the winners not the losers. This stock is dead and the faster you realise that the better. When it shoots back upto 380, take a loss and move on. You can easily get that money back within 6 months if your 40-50 percent down. Gold is soaring (in in Mtl deep) mining stock up 60 percent in 6 months, JD is still a good buy, card is also looking like more upside vs downside and rolls Royce will probably get to 700p within a couple of years. I’ll say it again, this stock is dead, only good for a quick trade when there’s good levels of volume. The next results will be dire hence the less than descriptive rns we just had. Forgot this pile of crap, ASOS has had its day, get out and stop loosing your money and time on this
Certainly looks promising for MTL with DB at the reigns. Think I’ll add some more next week. That’s an interesting link regarding the mining in Philippine, appears to be so much un tapped potential, is it likely we will see big players coming into the area?
This board is fantastic thanks all the info chaps, have a great weekend. Let’s hope the blue days keep coming our way :)
It’s wonderrful watching this rise, only been in short term but already up over 50 percent.
Does anyone have a target for the sp? Just off charts it seems like around 8 could be a sticking point? Although maybe looking at the charts is worthless as MTL is in a totally different place and position then it was back then.
I’m here for the long term just curious what you more experienced MTL holders are thinking
Jamesss. Agreed fella, a takeover bid or any other positive news would be welcomed from the share holders and have a nice boost, deffo Needs some decent news and momentum to get a consistent rise
All or nothing, I will be leaving shortly as there’s only a limited number on people of this sub who are adults and can have a conversation with. Rest are just clueless who write pointless waffle and argue as soon as some one says something bad about a stock that’s been on a constant downwards slide for 10 years
Not perfect, never said I was, I’ve been in our and of rolls a couple of times but managed to make about 25k over the lady 3 years.
Difference is I set stops, as I did with jd at 165, thankfully it dropped which presented me with a great opportunity.
GLA and follow winners not losers. Even if you went into rolls Royce 6 months ago you’d be 194 percent up compared to 47 down. Bet your portfolio looks excellent