RE: Todays profit ..5 May 2022 17:38
I am not surprised by where it closed today although I wasn't expecting quite that much of a collapse, bearing in mind where it had been during the morning.
But, on the back of good Loxley result, it may go again.
I'm still negative on this (overall), but think there are signs for some upcoming trading opportunities for those who want that risk.
I'm still not convinced enough to buy in at this level though.
I've been selling a lot of my whole "safe" portfolio recently and, following the BoE's interest rate announcement earlier today, have now converted to 25% cash and expect to be that way for at least the next year.
My 'trading' portfolio is much quieter these days anyway but what I have is unaffected as I'm looking for different omens.