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For those interested British Bulls have just switched from a Short recommendation to a BUY. Something to do with a Bullish Inverted Hammer. Hopefully will add momentum tomorrow morning. Interestingly their previous short recommendation was the first in a long while not to turn a profit. They are usually very right on this beauty of a stock.
CJH - I first bought Saga in Sept 2019 - as a recovery play - at the old price of 41p. Pre Covid -17 Months ago. Elliott had just come in as an activist with a view to splitting the travel/Cruise from the Insurance. Made good sense at the time - paid good dividends and the insurance value underwrote the whole value.
Rox you are not alone and thank you for alerting me to this one. There is still a good ride ahead although not sure I will be a LTH.
Agree Banbury. But we also have a few short term headwinds as well as no cruises;
1) Markets a bit shaky this week so many stocks are in the red anyway
2) Setanta Selling. This will provide weakness until they are clear (I had Lloyds Bank when the Govt were selling their 25% stake and it wasn't pretty :-( )
3) British Bulls issuing sell recommendation (and they have an unbelievable knack of call it correctly)
4) No news - this share has a history of drifting on no news rather than staying stable
Folks - I'm a new poster on here but have been following since the "crash" in Nov. With regards to the press the only comment that I have read this morning related to the "weak" H2 compared to the "strong" H1 trading performance. So there was a concern that H2 would be the way forward for trading not a multiple of the combined H1 & H2. I can get their logic but also note the forward potential order book. I suppose the big question is will H2 trading performance be the standard - in which case the P/E is not as low as 3. Construction thought please!!
https://uk.finance.yahoo.com/news/saga-share-price-2020-d-100518352.html
Smorty. Going back to the RNS from Feb and the "Mystery" 3.25% stake. If you google the address it's Sainsburys Head office. Interesting??
p.s. Having a look over here as a result of a Rox quote on another BB
Banbury. Thanks for this. I had never heard of British Bulls. Interesting read although very technical. OFF TOPIC -= Had a look at HSBC too - which they have as "Stay Long" and it said "This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”." Gobbledegook!!!
Rox. Your question about how long to hold got me thinking too. At what point do you top slice? - Maybe to get your original cost back if you are in profit? - So the remainder of the investment is "free" - or is it when the gain already established means that the share is no longer a multi bagger and there are other opportunities out there? - but when does one pull the trigger?
I picked this up from another board (ENQ) and is a very useful but a sobering reminder of Goldmans & Alibaba
https://www.ft.com/content/f8f8b067-e663-4afe-90dd-6a243929af86
I'm in Hertfordshire BTW.
Gloating at someone's misfortune is not "mucking around". Culco let's leave these sort of comments to the ADVFN board please.
FJG hope you do manage to get back in. Your contributions to this board have been invaluable. Don't forget it's the last working day of the month on Friday. This combination usually means a lot of sell orders from 3pm onwards and a price dip. Good luck matey.
Aspers - 10% uplift - you are being modest :-). Buy again at 308 and keep repeating...
Mill106 - Depends on how the trading is done. If it is done on short term borrowed money or through a spread company then there is a reason to take a short term profit to close a position.