Member Info for stockdale

Those investing in SBRY now at currently 228p are looking at a dividend of 7.6%. They are also looking at potentially a big capital gain even if the sp returned to a figure of just 250p. Those who invested just a month or more ago are looking at their dividend being cut and a long, if ever, return to a sensible sp. Crocodile tears? Not really. But it is not good for the economy in general when a supposed safe blue chip is hammered this much by the market. What ever Mr. Coupe might think that he is in the grocery business and not the stock market business his business is in the stock market and therefore the sp needs to be heeded. Leaving it to 12th November? As I have already said that has given the shorters the green light and left his company worth considerably less daily than any daily profit the company is making.

Share price movement is a mystery to me as well. Generally share are bought the price goes up and vice versa. If rumours and comments from significant people can also effect the share price then why didn't the new CEO say some things to instil confidence in the market? There aren't many people more significant than the CEO!

Lowest I can find is 240p on 10th October 2008. So it looks like it. Makes you wonder why it is still going down doesn't it? Ulterior motives come to mind.

http://www.fool.co.uk/investing/2014/10/01/heres-why-j-sainsbury-plc-could-be-worth-382p/ I think many on this forum have already suffered painful losses.

Yes but Sainsbury is not the weakest of the big four is it? If anything it's the strongest. The problem is the hedge funds shorting the stock and the weak statement from the CEO this morning.

The all time high is 6930 at the end of December 1999. It has been up to 6880 only early in September but has now fallen back to well below 6580.

And this kind of manipulation is seen throughout the UK markets. It is why the FTSE has not seen an all time high since December 1999, whereas the DOW has seen multiple highs within this year already. It can't be helping the UK economy.

Do you really think those are the reasons for the massive fall in share price? Maybe it could explain a few percent drop in share price but not the massive fall that has been experienced. No, this is market manipulation pure and simple.

The CEO is new.

It looked initially like a decent bounce this morning with a rise to over 253p. But then there was a rapid collapse to 241p. A fall of nearly 5% in less than 20 minutes has to be down to shorters hearing Coupe and acting on his complacent comments. Really poor leadership.

Spot on. Coupe came across as complacent. His first priority as the man at the top has to be the value of the company and that means the share price. All the talk in the media is now about the poor performance of the big four supermarkets and Sainsbury in particular. Sainsbury has knocked Tesco off the news now for all the wrong reasons.

So am I. :)

Unfortunately when the shorters can see a way of making money they will. The top man has just left the door open for them.

That may be the case for middle managers but the top man has to see the bigger picture. The value of the company he is running has to be of paramount importance.

There wasn't much positive news from the new boss this morning. A lot of platitudes but not a lot of hard facts. When asked directly about the share price he wouldn't comment except to say that the market does what the market does. In fact he gave the shorters more leeway when he said no more would be said until 12th November. That's why I had this mental image of hedge fund managers rubbing their hands with glee. He doesn't seem to be bothered about the share price. After all that only demonstrates the value of the company he is running.

Why do I have a mental image of a hedge fund manager rubbing his hands with glee? No, it's just my imagination ...

Well, I suppose they have to find some reason for the Massive Sainsbury Fall in stock price. That is as good a reason as any.

The general trend does seem to be up so far. At, currently, below 251p is has to be a buy.

Surely the bad news scenario has been fully priced in now? I can't expect the new boss of Sainsbury to be prepared with anything other than positive news going forward. I am sure he has been watching the share price. That is at least one good reason to 'take a punt before Wednesday'.

Just had probably the largest bounce in recent weeks. Down to 243p and now up to 248p. That's a 2% bounce. It won't last ...