Member Info for Mr_Rooster

Break from a new low

“Leave voters admit that although Brexit hasn’t gone entirely well so far, at least the government can’t possibly **** up the blue passports.

UPDATE: they are black “

Saw that last night Velo. Side effects of global panic.
A Twitter from Seattle
https://twitter.com/darcyburner/status/1234946039901085697?s=21

Good point Dofe, would it be a smooth transition? In such scenario there will be lots of uncertainties along the way.

“Begs the question why markets have been rising recently”

If WHO estimate of 3.4% fatality rate is correct, then it is 3x more deadlier than it was first thought . Market feels like pump and dump in massive scale.
Imagine economic impact of a month of disruptions similar the way China went through.

50 points in one go! So FED believe US economy is not as strong

Bu the way Toff, you are not restricted to FTSE. It is free country, feel free to trade any market you wish.

Adding to BoBett list,
More recent examples with 50% profit in matter of months are sse at 10.40, Lgen at 220, Bats 2360, Hikma 900 and Greges 1010, easyjet 880, IAG 440.

All looks promising .... Prices are up and across the board trading volumes are good.

This is despite negative predictions for earning come from companies e.g. Apple, Microsoft, Airlines, Automobiles,...
OECD warming on global growth.
Today Goldman says its U.S. GDP Tracker Points to Sub-1% Growth in Q1.

Turkey, Syria and Russia shooting down each other fighter jets.

I thought it should go down but most of the time I am wrong and market rational doesn’t agree with me

Lam, there are many young and healthy people among casualties, they were not all old with underlying heath issues.

That’s right Dofe, corporate bonds sell off instigate the domino effect.

Four more new death in Washington state today, how interest rate cut would help the situation?

https://www.wsj.com/articles/coronavirus-spreading-faster-outside-china-than-within-11583142293?mod=djemalertNEWS

So let’s leave it to Mr Trump who said virus spread could be dissipate by April.

“Not to mention there's potentially a worldwide market crash to fit in there somewhere.”

Absolutely, not arguing with this or SP floor. Taking inflation into account, the current share price is not far from the 80p in 2008, but who knows this time might go a lot lower or the opposite as it has been hammered for a long time and penalised several times for potential divi cut.

Zkid,
IMHO, You are kind of right but I think BT compare to its competitors and within the sector is significantly undervalued and that is the case for me to invest. Based on balance sheet (unless some insiders know something and smelling crap) , I don’t think that it’s low PE has anything to do with its business or future earning. On par with VOD, talk or Centrica, BT looks at least 70% cheaper. I get Velo’s arguments about BT&EE current valuation but if these were two separate entities, there combined values would have been vastly higher. To me there are more rooms SP goes up than down.

Found this yesterday, is quite a nice read.
https://www.wsj.com/articles/market-technicians-think-the-selloff-isnt-over-11583083898?mod=article_inline

Velo,
Have been searching whole weekend can’t recall where I saw closing shorts for rally. Interesting thing was the diversion, share in over 90 companies where down and average of high in up share was quite small but index was up 2%. Sounded like derivative market is somehow detached from actual stock market. Apologies I may be talking complete garbage.

In a CNBC chat they said the last minute rally happened as a pension fund made a purchase circa $3 billions. Also it could be due to closing short bets because of Fed announcement on Friday, and the possibility that they might introduce some measures during the weekend.

The price action relative to the sector and FTSE 100 is quite out of tune. Looking at the balance sheets, can’t figure out why VOD or Talk being treated as more robust businesses.

This is from Invetopedia...
“ If an investor short sells a stock that goes bankrupt, this is the ideal situation because the investor owes nothing to the person from whom they borrowed the shares”

It is like jackpot, a short in this situation means you buy share at nil and return loaned shared. BUT you have to wait until NMC confirm that suspension is not temporary anymore , till them your margin is tied up.