Member Info for steveinhull

Short sellers and day traders have.

Yep. Unless the market sees anything in the new Truss government this is heading for 40s this week.

Brexit was always a con by vested interests.

We will start to see the real reasons once Dizzy Lizzy has been anointed this week Destruction of workers rights. Attacks on the unions. Low tax. Low regulations. Singapore off the coast of Europe.

Well that lasted a long time didn't it.....LOL

Looks like we are playing catch up.

You been selling Goldy?

Boo up
ASOS up
THG down

Surely we can have one up day.

Hate to say it but I don't even see 1.00p in the near term. Well into next year at least.

The technicals are pretty useless right now. No support levels. Far away from any moving averages. Even the MACD is negative.

Nothing yet to grab on to if your looking for positives.

Truss is the death rattle of this version of the Tories. She will make Bonking Bozza look like JFK in comparison.

When you selling Goldy?

We need that buy single before this hits 30p :)

Yep.....rinse and repeat.

I also have money set aside but just think this will fall further into results.

More of the same?

If we had a pound for every time some has proclaimed the bottom it would cover all out losses so far.

Yep. Boo, ASOS, THG all being priced like they are going to fail.

Crazy times.

Yep we either crystallise big losses and get out or we are stuck until some sort of recovery.

The way the markets are you are better off sitting in cash and waiting unless you can find a quick trade.

No doubt once there are signs of an economic recovery there will be some amazing bargains to be picked up. But you will need cash for that once the moment arrives.

That is what I fear. The 15th won't change anything. Good results will be met with indifference. Any sort of poor guidance and we get slammed again.

It is amazing to be saying that. But they macro looks terrible and the share is in a big down trend. Even market up days don't stop the fall .

It's all on September now.

Another down finish today. Could well roll into the 40s soon.

https://www.bloomberg.com/opinion/articles/2022-08-05/thg-might-benefit-from-softbank-deciding-against-a-1-6-billion-investment