Member Info for OWLS

Sold out today, banking a very nice profit having bought at 9p. Hope it continues to rise for all invested but too many uncertainties for my liking.

DREAMMACHINE, how do you mange to make money trading this? It's gone down 7 days out of the last 8?

DANR, looking at getting out this afternoon at 45/46p. Why do people make these stupid predictions ?

Agreed. Up 24% already in a couple of months, more than happy.

"Proper hate Acacia". Why ?

I would need to see a recovery in the M+S share price before investing. It was over £5 5 years ago, there is a reason for that. Ocado is the complete opposite, up 600% in the same period. The momentum is certainly with Ocado. Ocado is the future, M+S is the past.

Yep, been my worst performing share in June but I suppose something has to be.

My broker said it was my responsibility to claim it back.

I have a substantial investment in Capita so I remember the circumstances very well. I am not talking about a fall from 180p in December to 150p in February, I am talking about a fall from 127p to 73p on the 5th March (43%). The FTSE fell 2% on the same day so there was something specific related to Capita that caused that fall.
To quote the news from that date "Capita shares slumped on Thursday as the outsourcer said it swung to a loss in 2019 and that it would have to spend more than initially expected on it's restructuring. Net debt rose to £790m from £466m. John Lewis said it is requiring more investment than we had expected in 2018".
This is the reason for the fall, the impact of the virus was later.
To say that it was already gaining momentum but it has been levelled by Covid is completely incorrect.
I suggest you get your facts right before accusing me of waffle.

Dreamachine, I know that market sentiment drives a lot of SP values but I was referring specifically to Capita.

If you had done your research you would know that Capita fell substantially before Covid and the reason for it.

Shell is due to the oil price. Ocado has gone up because more people are buying groceries online. What is the reason for Capita?

So why has the share price fallen 74% when the market has only fallen 19%? If it wasn't the fault of the management then whose fault was it?

I am invested here but before the terrible update which I could not predict.
Please let me know which parts of my statement are incorrect?

It does amaze me how a so many of posters have got this basic detail wrong.
"The last 6 months for FTSE and CPI, the trend lines are almost identical".
The FTSE is down 19%. CPI is down 74%. This is not "almost identical".
I hope any further analysis these "investors" do is better but I doubt it.
The reason CPI has performed so badly is the incompetence of the management not the virus. If they have been so bad in the past why would you expect them to perform any better in the future?

Why would having the shares in an ISA make any difference ?

PLYINGTHEODDS, good advice "always worth looking at a wider timeline to guide opinion". 3 month momentum is +72%, excellent.
For extra reassurance let's have a look at 6 months momentum. -74%. Oh dear.

I bought CPI at £1.47 based on positive momentum at the time. It had risen for the last 3 months and was at a 1 year high. It continued to rise for the next 3 months but then the disastrous update in March caused the share price to fall drastically to 70p.
It fell further due to the virus but by then the main damage had been done.
Based on current momentum I would not invest in CPI.

I assume this will already be built in to the price so it will have no impact.

Learning Trader is one of the few on here to make considered, sound comments.
I bought in at £1.47 last October so to me CPI is definitely a losing trade, whether I sell or not. In fact anybody who bought this in the last 25 years before March is in a losing trade.
Historically this company has been a nightmare and I certainly will not be averaging down. I'll be happy to get out with a 50% loss.
Unfortunately past losers tend to continue falling. Momentum effects are strong. Distressed stocks deliver poor average returns.

Warren Buffett holds long term and he seems to have done OK.
The majority of day traders lose money.
Personally I find that holding for a year produces the best results.