The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Will be interesting to see how the middle east tensions impact on the oil price. Iran attack on Israel could be imminent. I presume this will only push oil prices north.
UK interest rate cuts should be ‘a way off’ says Bank of England’s Greene,
The opposite is now true. The lack of rate cuts will hurt JD. I was in a JD shop in Portugal recently, shop was full of stock but there were no customers buying.
It should stay in and around 35. Problem with the lack of interest rate cuts is this will suppress consumer spending. This will inevitably stifle demand for oil, likely causing oil to drop below 90 dollars again. Interesting times.
I've invested the same but using monopoly money!
On a serious note it looks like interest rate cuts won't be as expected. The Bank of England can cut UK interest rates by half a percentage point this year, predicts Simon French, chief economist at Panmure Gordon.
Your living in cloud cuckoo land if you think 66 p will be hit soon. We are closer to seeing 25 p before 66.
Joey we are all entitled to our opinions. I wish nothing but the best for tullow LT holders, but would like to make a fast buck like everyone else.
Big swing for ocado in the last hour. Shorters having a field day
Shorters are ready to pounce when it hits between 37 and 40 p. That's a fact..
Ecb will announce summer rate cuts tomorrow. It'll increase spending power of consumers, great for the likes of JD.
Share price is up 25 per cent in the last month. It's one of the most shorted shares out there. Eventually it'll hit a sp where the shorters will come steaming back in. Historically they tend to push it back to the mid 20's
Joey my short was closed, it was a tough hit but those are the breaks. The focus now is earning a quick buck buying between 34-36 p and upon hitting 39/40 p to sell the lot.
Up 2.5 per cent today so a positive day all the same
Have decided to put my neck on the line and invest in this at 35 p. With oil prices rising, all going well this could hit 40 p by the end of the week.
On a 12 month low of 367.50 all because of a CEO stepping down next year. this truly is going from bad to worse.
Joey,
As my posting history shows, I bought some at 32p.
The shorting on this share is something else. We were in and around 135 all last week and now it seems to dwindle at around 125. Someone is shorting this heavily.
This could go all the way to 3 pounds by the end of the week. Would be a brave man to get involved at this stage.
JD seems to be really struggling today. Is there any reason for the sudden decline? My guess is it is being shorted back down toward the low 120's.
Tullow making gains today when lots of the market is struggling. In Rahul we trust!