Member Info for sheltie

As I mentioned earlier, here is how it has negatively affected the pound (from the BBC): "The pound has slumped and the cost of government borrowing has risen in response to the Bank of England’s interest rate decision and warning of the longest recession on record. The pound is 2% lower against the US dollar since the Bank’s announcement at mid-day. The dollar is up against most major currencies today, but the pound is by far the weakest. It has fallen to $1.1170 – a drop of more than 2 cents". Looks like we re in a perfect storm for the foreseeable. . . .

no the pound will weaken against the dollar as a result; at least in the short term. There will however be at least three further increases, so many over-leveraged homeowners, are going to get really burnt. However, historically, these are still very low interest rates; but many have forgotten what 'normal' looks like! Money has been far too cheap to come by; that party is over now.

as expected, the Bank of England has raised rates from 2.25% to 3% - this represents the largest single increase since 1989

apologies. That was typed as an 'easily readable' chart - but it has been changed into its rather 'difficult to read' format. Annoying :)

here's why you need not be bothered with Shorts with regard to DT's share price. They are so small (c.1%) as to be of very little consequence:

The chart below are Short positions [as at 30th October 2022] and represent the most shorted Stocks on the FTSE all Share Index:

Stock Ticker Net Short YTD Change
Boohoo BOO 9.55% -63.40%
ASOS ASC 7.37% -74.82%
Naked Wines WINE 6.97% -82.68%
Aberdeen ABDN 6.84% -33.81%
Fevertree Drinks FEVR 6.54% -64.05%
Ashmore ASHM 6.15% -26.94%
Kingfisher KGF 5.82% -35.76%
Travis Perkins TPK 5.74% -49.53%
Hargreaves Lans HL 5.70% -42.62%
Currys CURY 5.34% -45.94%

Our 1% is peanuts. Just a shame that we are nowhere near achieving Dividend Status, as that is really holding us back. Fund Managers like growth stocks, or any stocks come to that, that have a passive income attached.

I posted the following on 18th July, when the share price was £3.34p (this is 100% a cut & paste, so there's no cheating going on!). Post read as follows: "I'm reasonably happy that about £3.80p works, given where we are at (today) with the numbers side of things. I have then paired that back to about c.£3.40p given 'where we are at' in the world. The former may change at the next RNS, but the latter will not change this year. There will be no peace in the Ukraine and inflation will not be back under control in 2022. That, effectively is why I think that a c.£4/£4.20p year end would be a great result; but it's not going to be easy. Happy to be quoted at year end, that DT will certainly NOT be £4.50p"! Fast forward to November and as predicted, DT is 27p higher, the war is still raging [with zero end in sight] and inflation totally out of control. Just remains to see if my price 'prediction' also comes true. Interest rates go up tomorrow too; so life is mighty fine, n'est pas?!?! Good evening folks :)

Pivot points
Trading support level: 349.87
Trading resistance level: 375.67

Support and Resistance levels
Support 1: 311.73 -13.93%
Resistance 1: 386.57 +6.73%

Support 2: 260.13 -28.18%
Resistance 2: 428.85 +18.40%

Technical analysis
Short-term is a Bearish scenario, as long as it does not exceed 386.574.
Technical Comment: Sell

why limit yourself to just 'tech' companies!? The Stock Market has been terrible for much of the year. Pension Portfolios, ISA Portfolios, Fund Portfolios etc. etc. etc. Absolutely Hammered. Very few will have done well this year. This has been poor for sure; but there are a large number of other FTSE250 companies that have fared far worse.

and currently being reflected in the share price. Unless I read a Press Release, as just posted, or see an associated RNS then I will always 'assume' that the any deal that has been done, has not included DT. Trust me, they will make certain that the Market hears of it ASAP; anything that they can do to shore up this ailing share price, they will. This leads me to therefore 'assume' that the Ukraine piece from this morning does not involve DT. If it ain't reported, then it ain't happened, in my opinion. Cynical view? Yes. But then again this share has been a real disappointment throughout 2022 (the two week TB takeover 'story' excluded, of course).

https://www.thisismoney.co.uk/money/markets/article-11368269/Global-ambition-Darktrace-chief-firm-step-ahead-hackers.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.113774407.118010985.1665121767-758613370.1661027890

Apart from an understandable increase in Operating Costs, these are sparkling results. Way better than even Lloyds Banking Group could have hoped for. An increase in guidance for the full year, is a sure fire winner too. This should be generously rewarded today/tomorrow. ATB

As Liz Truss is no longer The Prime Minister; having just resigned from office. . .

as far as I'm concerned they are just giving us back the 40p they took of us two weeks ago, for no apparent reason whatsoever. No RNS followed that; so why would one follow now? It's been a good day yes, but nothing especially brilliant. Nothing is ever "100%" with DT.

If there is a RNS tomorrow, then the CFO's buy on Thursday, will look even more dodgy. . .

I'm 100% certain that he will accept my job offer and that we will get the UK from an AA- rating to £8++ in a matter of hours. No doubt in my mind. I shall address the Nation at 6pm :) :)

I think I will step up and have Charles as my Chancellor. Now that'll get the markets listening. Everything will be tickety-boo £8++ in no time! Up for it Charles? lol :)

there's part of me that feels sorry for Liz Truss. Her body language screams "I'm hating this job". Have we ever seen so little of any PM like we do her? She has been virtually off-camera for the last two weeks; nowhere to be seen. At least Boris would have been hanging from a crane, in an ill-fitting harness(ouch!), waving the Union Flag, just to be seen!! You need to like the limelight o be a 'PM'; just not so much, to necessarily be a 'good one'. The UK is in a bit of a pickle me thinks :(

Blimey. Kwarteng didn't last long as Chancellor!!!

Appreciate your frustration oldgold but, given what a frickin horror show this week has been, I'm just bloody relieved to see us back above (the physiologically important) £3 Mark. Small mercies an all!! ATB

Nice to see us above the £3 mark, which is good. Less good is the CFO buying yesterday, when she will have known of this RNS today. tut tut....