Member Info for RichTheNewbie

123.4p finish...bottom of channel tested twice and heading back up nicely.

They're probably just trying to convince themselves that they've not bought the highs and sold the lows, or perhaps they could be people who've already blown up their trading account. Most of the time they struggle with and mangle, even basic financial/market concepts, whilst simultaneously trying to advise everyone to sell, with their "expertise" seemingly being nothing other than being a poorly performing and ill-informed trader/investor.

Bel...whilst I welcome a bit of positivity as a welcome relief from the negative ninnies, the automated buys/sells flags are meaningless and pointless counting or reading into them. Also saying support is "far higher than here" is like saying the floor that you're standing on is ten feet above your head...

It's not worthless, quite the opposite, it's probably the single most important thing, however everyone can form their own view of what a business is worth now, and much more importantly, going to be worth in the future based on its performance.
There just isn't a single right answer and therefore is no problem to solve.
It's like getting an estimate on your house, ask ten different people and you'll probably get ten different answers, and that's an extremely simple thing to value in comparison to a business.

pipedreamer - there's more than one way to skin a cat, as they say, and you can CHOOSE to value a business in literally an endless amount of ways. There is no one "fundamental approach" or magic valuation formula that is correct. Hell, some people don't even trade on fundamentals at all, and just purely trade on lines on charts. Rightly or wrongly - they're still market participants buying and selling and therefore impacting the share price. Someone valuing the business could pick various figures and say 162p. Someone else could pick 100p and someone else could pick 400p. None of them will be right because there is no right answer.
Everything that is known is arguably "discounted" in the share price, or rather priced-in I think you mean, since it is known, and the share price is a reflection of the trading, but critically a reflection of the SHORT TERM TRADING.

Thanks for the encouragement....I did read a few last year as it happens...which I got sent free as prizes for winning a quarter of Stockopedia's stock picking challenge ;)

Don't you worry about me though...I'm doing more than OK.....I'd spend a bit more time worrying about yourself though if you're investing in stocks with declining revenues like ABF.

as Boohoo = as good as
(obviously)

You couldn't set up a business as Boohoo, which is a money making machine, so that seems like an odd rationale.

Here's the financials of ABF, primark's owner:
https://www.hl.co.uk/shares/shares-search-results/a/associated-british-foods-ord-5,1522p/financial-statements-and-reports

Notice anything? (probably not so I'll spell it out)
Revenue trending downwards.
Operating profit trending downwards.
Profit after tax trending downwards.

Compare and contrast with boohoo and what do you see....the exact opposite...a business rapidly on the rise.

So you can now do your daily "hahah this means you can't explain", or something equally stupid, and I'll ignore it as usual.

danl90 - you ignore any coherent responses that's why it's pointless replying to you. You claim this means people can't explain. It's more that you can't understand. That's why it's not worth bothering and I won't. You clearly can't grasp even this though...and will just keep saying people can't explain, which is obviously not true, and the reality is simply that you just can't understand.

Ah the king of the idiots is back who just claims anyone who doesn't agree with him doesn't understand anything.

Broken clocks.

moose2010 - you might be right that the ramping is tedious, you might also have been right about them talking nonsense about the buys and sells yesterday, you further might temporarily be right about the price....but still let's not pretend that 99% of what you say isn't total dribble and every bit as tedious/desperate as any ramper ;)

Peoplepower1 - unless you're just trolling, I seriously just suggest you quit these messageboards, go put what little money you have left in an index tracker and give up. You're clearly completely financially illiterate and your posts are just laughable.

So basically, everyone will think you're full of sh*t, along with all the other idiots, because it's odds-on that you are, and/or are just one of their other accounts. Oh look another one of the class clowns turns up at the same time...here's PeoplePower1! What a surprise.

Icarus: correct it doesn't definitely mean that....
However there does appear to be an extremely strong correlation between the people who are negative on this, and those who are: financially and literally illiterate, constantly contradicting what they themselves have said previously, generally being quick to pounce on any slight pullback as if it's the end of the world, and of course random one-post wonders coming out the woodwork to support them, as if people will believe it's not just their other account(s).

(I suppose I should caveat that, with that it might not be heavy selling as such, but even moderate selling and lack of buying would have the same effect - either way it's been a very unloved sector in the past 6 months despite gold bottoming last march and creeping back upwards!)

As someone said the other day, doesn't seem to matter what the gold stock, they've been sold off heavily lately, so quite frustrating...however I suppose you could argue that selling is essentially finite (only so many shares to sell - unless someone actively shorts - which there's no evidence of on most goldies). So hopefully at some point in the near future those who are selling will stop/run-out and we can see some nice rises again.

Doesn't tell any story worth reading. Just ignore that completely.

Listen to the person who can't spell descent. Along with all the other illiterate people telling everyone to sell the lows. Sounds like a good idea.