Member Info for Racing_Green

One of my companies, already a Tide customer, applied to them for a BBL some weeks ago. Despite repeated chasing Tide are unable to even tell me when (or if) our application will be dealt with. Deeply unimpressed. So much for challenging the traditional banks.

RG

Jinny

I love your typo. Five (or more) tears being shed by those in from the start sounds about right.

RG

Theosus is right. If the last ten weeks have demonstrated anything it is that there is ample opportunity if you have a flexible approach and are disciplined implementing it. I generally prefer a longer term strategy/hold, but right now that just isn't anywhere near optimum. Of course each to their own.

RG

A bit of a tangent I know, but the jibe about chlorinated chicken made me smile. We (and the EU) currently chlorine-wash fruit and veg. The issue with chlorine washing chicken is that it does nothing to encourage good hygeine at the poultry farm. It isn't anything to do with it favouring the chicken because it doesn't.

RG

Ahhh I had forgotten about the illbetabuck free lunch. A blast from the past. Does that mean we are due someone saying 'I wouldn't want to be out of MTRO this weekend'?

RG

I'm sure someone will correct me, but the closing price last Friday was 84p. So, while we've dropped off the heights of Wednesday, it has still been a good week, up about 30%. Just a thought to cheer (most of) us up over the weekend..

RG

I can't help but agree. I've added again significantly in recent days. It won't be today, may not be next week, but the rise is coming. A real case of when not if.

RG

Dogger

Same narrative, different board? Plus ca change, plus c'est la meme chose.

Enjoy your weekend everyone

RG

"It could also be a market maker unwinding a bad position, drip-dripping trades into the market to prevent themselves from hitting big orders that might move back against them."

It is going to take them a while - the trades are for less than ten shares a pop, and often for just one.

RG

I sold out at 360 last week and will jump back in at 310. I'm expecting no agreement between Saudi and Russia so i don't think I'll have too long to wait. I'm happy trading the peaks and troughs on this one.

Definitely wait and see for me Theosus. I've got enough trying to spot the rises for now. Of course, that may change tomorrow - we live in interesting times.
RG

I quite get how Odey made money, bit not how Odey and Cohen acting together made money, since the sum capital employed remained the same and the only net would by the cost of 2x dealing. Percentage gain/loss doesn't matter; it's money made/lost that matters and the sum between the two is a loss.

RG

Percentage can be deceptive.

Cohen buys 1,000,000 shares at £10 each and sell at £1 each. His loss is £9,000,000 plus dealing costs.

Odey sells 1,000,000 shares at £10 each and buys them back for £1 each. His gain is £9,000,000 minus dealing costs.

Net 'profit' to be shared is a loss of 2x dealing costs etc.

Or am I missing something?

RG

A lot of the tax from oil went to supporting an overloaded welfare state. Three million unemployed thanks to the insanity of Labour's 1970s policies. Not all Maggie's fault really; she was just left dealing with the clusterf**k left from the previous government.

Yes I can see it surviving. Short term fluctuations in the SP aren't very relevant to the day to day running of any business. So while it's all very exciting for folk here, it isn't, of itself going to result in the business going under.

RG

Just catching up on the day's events. I see the threatened changes to ISAs didn't materialise. That has to be fitness for investors generally, even if not directly helpful to MTRO.

RG

I don't think any of us predicted such a preciptous drop in the SP. It is nonsensical to lay the blame at the door of anyone who posts on here. I, for one, like reading the variety of opinions and don't want to see anyone shouted down, or hounded out.

Of course CV is being massively overblown by the media. I note that the BBC currently have a picture of a supermarket with empty shelves with the headline 'Supermarkets doubt Minister's Food supply Claim'. Really not helpful. I've just got back from grocery shopping. No empty shelves. No panic buying. But the media are doing their best to change that and we are seeing the usual stock market over-reaction.

We all have our own strategy for dealing with it. i hope yours is working better than mine, but hopefully mine will come good soon. Meantime to celebrate the fact that my watchlist and my portfolio are awash with the colour red, I am opening a bottle of Gevry Chambertin and easing myself into the weekend.

Next week will be better.

RG

Not me Amers.

RG

Apologies if someone already posted this or asked this, but is LSE Short Position report always so badly out of date? It doesn't have updates from 2nd and 4th March and, in the case of Connor et al from 21st Feb.

When reflecting on Metro's share price, it's worth keeping things in perspective. Michael Bloomberg pulled out of the democrat race today having spent around£340 million. Stop a minute and think. The poor guy spent that much just to find out that most people prefer someone else. That has to be a bad day at the office by anyone's standards.

Have a nice evening.

RG