Member Info for steveknowsnothin

Am currently a bit bored, putting shorts on LVMH and puts on TSLA is the only thing driving me through the day.

@wyndrum which stocks make up al large chunk of the Nasdaq,

- Apple
- Microsoft
- Amazon
- Google
- Facebook

Stop trying to flog a dead horse, if you need to be right by saying the argument has shifted, go for it.

@wydrum, sure whatever you are right.

If the nasdaq continues to crash today, then yes, I would have to have a real sit down and think what I need to do, as most investors will be thinking about flights to safety. I bought in at 265 on here, so yeah, I could walk away with a happy enough win and ride out a storm.

As mentioned previously, the weak pound could also be having an effect.

You can see the effect that the nasdaq has had across nearly every market. There is a reason that the nasdaq stocks have had such a major jump and that is because of investor holdings and resilience to COVID, holdings which if threatened would have a knock on effect due to investor confidence in their weaker holdings.

Again though, we may just have a difference in perception though, if you are a long term holder prepared to whether the storm. Both approaches are fine and long term holding is a proven approach, I try to get my edge by understanding what is going on in the world and reacting to where I put my money. It worked well with my tech plays with the COVID drop and many times before it, so not going to stop it now.

It really boggles my mind how you can't seem to understand that some things can have a short term effect on the SP and that you keep on this insistence of it must be continuously tracking the Nasdaq.

You can use the information, as if you understand the why, then at a very minimum it can stop you selling on the fear of an unknown drop.

@wyndrum nasdaq futures are near enough neutral right now and that by no means is a solid indication of what will be the truth at 2:30. Boo SP is also in a holding pattern right now.

I get it @wyndrum you don't agree, just filter me and then I won't have to have this boring argument with you.

Seems to be identical to Monday, SP drop on open and then hover.

Think that was people sitting on their hands and waiting to see what the US does, this looks the same.

Nasdaq futures are looking healthy again and it has now had its 3 days of turmoil.

Today is going to be a banger on the hope of an update tomorrow.

@DavidLaw what I did was put in all of the brands into trends. Then tried to compare to ASOS, which is now a known quantity.

https://trends.google.com/trends/explore?q=%2Fg%2F11dd_swcrg,%2Fm%2F03gvmw7,pretty%20little%20thing,nasty%20gal,%2Fg%2F11c59tv07t

Just going to sit here and pray for an RNS tomorrow or Thursday, as at least BOO is oversold and undervalued compared to US tech stocks.

Also, if you do believe that the shares dips are due to the Nasdaq, then if there is no 5p bump at opening auction, sell up in the morning and buy back in the afternoon, as futures are looking dire again, even though you can't get much from them until 9 ish.

https://www.marketwatch.com/investing/future/nasdaq%20100%20futures

Time for the dead cat bounce tomorrow to decide if purrykins lives to scratch another day.

On a side note, TSLA 2 days before the crash managed to dilute their shares buy 1.5% and add 5 billion to their bank balance. They are in a much safer spot than they were 5 days ago.

More softbank nearly brought forward something that was either going to happen straight after the US election or very soon after.

I honestly believe it was people pulling out of their riskier stocks because of their tech exposure, which previously provided stability and the ability to invest in riskier stocks like Boohoo.

The sooner Boohoo can transition to safe bet, the better. As if it does take time for new funds to come in and the SP to rise, i sure as hell do not want it to have its current status going into November.

I see in this case that the reason for the price fluctuations is down to the nasdaq. As there is no other reason for it to be down so much, other than potentially the pound.

I am not like wow you can directly tie the movement of the Nasdaq to Boohoo, I have found the secret key, I am going to be a billionaire day trading.

No, it has not affected every business the same, Boohoo, whether you like it or not, is a tech business.

As long as max_2 isn't right, I am happy.

Someone said it earlier, but for me the compelling thing is that i am in it for the short term but I believe n the stock enough to hold it for the longer term if I need to, as believe in what they do and how they do it.

Couldn't say the same for Amigo, options are double or nothing and would only take those odds if I was drunk in a casino.

@wyndrum you should care, as we need the very market that allowed it to get to 400 in the first place now. Depends how long you are in the stock for I guess.

Iliken it to an earthquake. There is now so much tension built up underground in the form of QE, we just got a little prior tremor, but don't get it wrong, the big quake is coming.

The market is way past mean, it always snaps back. The FED and others can't pump trillions into the economy without ramifications, just depends now when the infinite money fest comes to an end, normality rears its head and we have to pay for our 40% portfolio growth.

All indicies were effected in the same way, by the nasdaq.

It's not a binary silver that nasdaq = boohoo, in this case, as @hey_arnold mentioned, there was a lot of worry attached to the nasdaq which has ripples across markets.