Member Info for oogleflugal

Good call on OCDO T. Has been a fantastic run. I see there is a small short on it. I bought some Bt.a this morning as there seem to be a bit of momentum. Dreadful company but well placed for 5g. As if to take the mick they dropped Spirent to £2.29 this morning, so I picked up a few more. Soon bounced back. They will also benefit from 5g. Extremely fishy trading though. I think value is definitely the name of the game now. Took a few profits on MARS, Rsp and SSPG which helped offset the huge surge in FXPO, but even that fell back. Anyone got any thoughts on TCM? Another possible beneficiary of 5g. My new theme now the money's all been spent on it.

S. Peugot 205 would seem appropriate. I have two old mates who recycle them to keep one on the road that has done 500,000 miles. We had a deux chevaux written off for about 200 quid. Did about 80,000 miles in it over ten years and sold it for more I think. Then I drove one a couple of years ago for about 4 miles. I honestly dont know how I drove to Spain and back in it 40 years ago!

Lot of talk about a second crash (which probably means there won't be one) which has filled my mail box with hedging tips and advise. Their will obviously be debt laden companies in trouble and maybe some exposed to bad debt. The reason I think it won't happen is because so many companies have refinanced in recent months, unemployment has not been as bad as feared yet and commentators are expecting it. Interest rates are at record lows and our great leaders, naked or otherwise have maintained the whatever it takes stance. I do however its better to maintain a relatively high cash position to take advantage of further volatility likely in the autumn. I can't imagine Buffet will have started buying again yet, although I dont suppose he would advertise the fact until he has got what he wants. Maybe its him pushing up the airlines. How EZJ is now higher than when I bought this time last year is a complete mystery.

Dow uo nearly 1000 points now. The 30 stock that make up the Dow is now worth over 8 Trillion. The 100 shares that make up the FTSE are worth 2 trillion making those 30 USA companies 4 times more valuable than the 100 companies in the FTSE. Quite a mind boggling thought for the weekend. I trade Spirent quite regularly it seems to suck in a rut £2.35-£2.70. It got down to the lower end this afternoon and then hey presto 17.00 Aviva announce they bought 1% more of the company. 2 million shares sold 4 million bought . The sp drops nearly 20p. Kind of convenient, I know these games so I got plenty around £2.36. They test electrical stuff for amazon and do telecommunications solutions for companies. Interesting British company based in Crawley Sussex. Worth a look. O yes and their boss bought another 200,000 shares recently. Bon weekend

Thanks T. I got the low on ocdo, so am out early maybe. Enough for a decent weekend though Cheers

Dow now showing 300 rise. So have stopped watching OCDO! I'm in for the first time since March I think.

when restaurants open obviously:)

Yes T. I'm trying to spread out a bit. I got to a ridiculous position in FXPO. Over 60% of portfolio. especially with experience I really should'nt have let it get that out of hand. Surprisingly easily done. Just couldn't see as good and certain value anywhere else. It was geopolitics that got me rattled in the end I was getting a little uncomfortable so have massively reduced that exposure although will be able to dine out on the div for months!

Good busy morning again. Jobs data today ' final hurdle to the bull Dow" apparently. Expecting 20% unemployment in USA, the official figure anyway. I seem to remember France run their economy on 20% unemployment in normal times. Think you are right T about shorts closing. I know one professional investor closed his short on the Dow yesterday having been severely burned. He admits you shouldn't argue with the market and follow the trend. There is so much guesswork out there I'm not sure a trend is that transparent. I,ve been looking at OCDO, all I ever do these days! Again it seems there are those seeking to short it at the slightest sign of weakness. Could get lucky if there is a sell off, but actually that seems to be when its at its strongest as we've witnessed before. Still a 100% rise before the boss gets his prize!

Should have been Lookers 1700 job losses. Never thought I'd feel sorry for a car salesman

Morning chaps. Deide to get up and at it a bit earlier today. None the wiser really. I know what you mean S. I feel the same its sort of battle fatigue on quick sand. I was particularly looking at oil as its seen a substantial rise, Some experts say it running on fumes and will tank again others say Saudis and arussia will now make it hit $100 pb. Also hedges are getting prohibitively expensive as that is what has saved many rashers of bacon temoprarily. Suggests continuing volatility with no safety nets. AS to the rest, I think hospitality sector is looking interesting, already moved a far bit. As Car franchises have been given the green light Lookers announce 700 job losses. I understand the anger. We the tax payer have been paying out furlough possibly for 6 months and RR and others having taken the money and postponed rent and rates, recapitalisations, are now laying people off in what is supposed to be somewhere between a U and V shaped recovery. Confused cat I am!

You weren't trying to tell him about your days trading S? (which I'm sure is no less interesting than mine). M yes when he first arrived we watched a video with certain trepidation of an identical creature chomp his way through a solid door. To be fair he has calmed down after munching through various mats rugs and blankets. Just a sign now that he is beginning to sus the difference between food and other stuff. So no actual structural damage. Very similar to a kangaroo. He could jump from a standing start right onto the kitchen worktop when a pup.

Hiya. Dow through 126000. I guess its almost irrelevant to thereat of the stock market. It is only 30 stock after all. The unlocking of lockdown was never going to be precise or controlled exercise. Some reports now saying the virus is loosing its strength. Germany say restaurant booking at the same level as this time last year. Looks like we are just going to roll with it. Be interesting to see what happens too pharmaceuticals in the next few months. Zaks charts weren't very helpful on travel and airlines. Looks like those and businesses related to them are taking off. He called Mars right though. So that set off selling tui too soon. Great news for FXPO with Ukraine lifting restictions on half the company relating to the big man. But after all this time the market not at tall impressed until everybody remembers its ex div tomorrow. Sounds like a good day for everyone. Missed a lot of action today what the dog and new iPad and trying to keep them apart. He hates new machines!

S. Nothing is set in stone. I think Ashpel was talking about regular traders with small accounts upto about 100k. Invetsment trusts trading millions will have a larger number of holdings run by a team. Maybe even use shorting as a regular tool to hedge, and no doubt have banks of screens and clever software to sift stock and sectors. As we move out of lock down we will have to adapt to new market conditions. Keep us on our toes.

S. Its a question of whats right for you. The amount of people I talk to who say either I couldn't sleep at night if I did what you do or I don't have time. Lots of people hold stock for years or lifetimes, probably gone boom and bust several times over. Long term holds stopped working for me in 2000. In fact I got out completely until just after the financial crash. I worked out having a broker do it was a waste of time and money, and I had to manage it myself. I had a very bad experience with one broker and managed to get some compensation through the ombudsman. There was an ex barrister called Alpesh Patel, successful investor and financial journalist I followed. No idea if he is still about. He said about ten stocks was the golden number for risk ratio, but also held a fairly tight stop loss limit, 10 -20%. Thats quite difficult in these volatile times, but I think that holds for me still. There will be exceptions and sometimes it will be wrong. The thing is to be able to get back on the horse, not sit on too many loosing trades, and leave yourself room to trade. He reckoned if you can't get at least 7 out of 10 trades right stop trading. A lot depends how good your research is and how disciplined you are. Very difficult to know when to sell especially when a share doesn't perform how you expect it to, i.e. fall, which they nearly always do when you buy, because there's a good reason why some one sells it to you . They don't agree with you or they 've made enough profit or they need the money! Keeps us out of trouble hopefully ! GL

T.I think the market is a little tentative. Politics is very nasty at the moment. In spite of that people seem generally positive if a little cautious. S I think its good to stick to stocks you know and have done you proud and you feel comfortable in. I find it really difficult to pick new stock, but at the same time its dangerous to get too blasé about your portfolio. My portfolio is rather unbalanced now, but thats partly because I should have kept AZN and Ocado as base camp stock. Easy with hind sight of course.

T. Yes should have stayed put but new to these stock. I replaced with 2 British stocks recommended by Zak's charts Marstons and Halfords both shooting up today like everything else. Halfords looks good for another possible 30-40% according to him. Not a stock I would normally choose but cycles are a hot commodity. Still hanging on to my large position in FXPO which Zak reckons looks good for £2.10 this month . Would think a little on the conservative side but for Ukraine's IMF impending hand out, a little concerning. Not sure what the Dow is going to do later. A bit mixed.

Don't know if any of you follow Zak's charts. Thought this was interesting as he mentions several shares of interest to our little but expanding group:https://www.share-talk.com/bulletin-board-heroes-extra-may-all-share-risers-sunday-31st-may-2020/
Most notable the continuing rose of Ocado. He seems of the opinion TUI may have topped out so keep a watchful eye on that if invested. Be interesting to see how his charting plays out this month. GL

Many thanks T I meant to say!

Many thanks . I guess I was plumb lucky on the timing today with tis. Sold before close and came away with a small but grateful profit. It seems to have 3 different closing prices. 1 @ 4.21, 1@ 4.36 and 1@ 4.48. I think the closing auction price was the middle one. Came out evens on CCL. Glad I closed those positions for the weekend as Dow currently down 260. I think the furlough situation has a lot of companies rattled but as we come out of lock down I don't know what people were expecting. It can't go on indefinitely. It is going to be really hard. I think the current safety net has created a false reality. The next stage of going back is going to be tough for a lot of people and businesses. Good job I stayed out of RR after doing some research.Maybe on the case of MCRO Monday morning then. Have a good week end all.