Member Info for SenorToro

But we are up ~7% and are uptrending... How on earth is this not bullish? Hugely positive price action today chaps!

Uptrend well and truly established - what's not to like?

Keep things in perspective - this may face some more turbulence yet. We all love a good breakout and rip up but there is no rush. We want to see slow and steady accumulation as the days go by, showing real confidence in the business rather than trading frenzy to profit quickly off news. Let's just sit back and relax and any breakouts are a bonus, but not necessary in the longer term.

Yeah, sell low, buy high is their track record. Hmm, all well and good except if making money is your goal.

They'll be nursing a substantial loss atm then. Oops.

I'm sticking my neck out and saying 11%. Tomorrow will be a 20% up day and 300 will be broken as if its a paper ceiling.

Are you actually this self-contradictory on purpose or what? You have no idea what you even believe in = recipe for losing lots of money, unless you get very lucky. I wouldn't be surprised if you're short and underwater.

I think 244 to be a platform, - a rise feels far more likely than a dip from here.

Not meaning to poke fun - just generally curious as to what your thinking is with the stock now...

2 weeks of buys and breakouts. Once we're back to somewhere in the mid to upper 300s we may start to be more sideways (though still uptrending) - once September results come out as beating estimates, we could see huge gap ups and break outs. If not good results, I can't see a sell off happening - just more sideways until Xmas results - which will certainly be a beat. This will be over 500p by new year 2021, no doubt about that.

Yes, true, many will want to keep dry powder in case of pullbacks. However, I fervently feel that we have entered a new age of trading and investing - with more young people trading than ever before, and more liquidity than ever before. Also, people seem to trust the markets more - and see it as a vehicle for making money in spite of the difficulties that are being encountered around us. It may be claptrap, but we may just be seeing the evolution of the markets from a more impulse/emotion driven model based solely on crowd behaviour to a more methodical, resilient and patient model that sees individuals less interested in others' decisions.

I strongly expect it to continue in that fashion. Since we are officially in a recession, what worse macro news could there be? Market doesn't care - bottom line. It doesn't make sense, but don't sideline and scratch your head - just play the game and make money.

I reckon we average more than 7% a day this week.

We live in the world we live in. If you don't want to cause any damage move to outer Siberia and tend the land in isolation. There is no such thing as a fully altruistic existence in modern societies, aka someone will always lose for your gain.

He is not long here...

It's all about your appetite for risk. I am often a one stock investor and know it works for a lot of people also. If you think about it, stocks either go up or down (or sideways and then up or down) so when you buy something, provided you've done your DD and know fundamentally and technically the stock is likely to go in your favour at some point, what is the problem with going all in on positions? A black swan event could come on Monday and wipe your entire account, sure (extremely extremely unlikely), but these are the risks we are all effectively assuming when we trade. I think there is a time and a place for being aggressive - and small accounts and newbies could definitely do with trading aggressively so that they have enough capital to play more conservatively with in the future. JMHO

We are trending up - tick. We have had a pullback (substantial one, due to noise) - tick. We are buying this long. Some are trying to finesse the entry a little but ultimately - we're mostly looking for 450p + from entries spanning 200-300. Most of us seem convinced in a time-frame sooner than 3 months, but are prepared to wait longer if need be. Medium term swing trading blows day traders and scalpers out of the water.

Only buys long, he goes all in, big bags. Holds while underwater, not phased. 2 months later he's up 200k on a position. That'll be me in 10 years time. The process is simple guys. Buy n hold.

Their estimates are nothing more than strategy for their firms and their clients. They can work in our favour and also against us, so are largely irrelevant in the bigger picture most of the time. It's just part of 'noise'.

It's not - it's mainly based on business fundamentals and growth. The current storm in a teacup as it has been coined, is just a really really good buying opportunity (if you're a patient and longer term holder).