Member Info for stockdale

I didn't see that quote from Neil Woodford in the article. He does say he has withdrawn from the sector himself. The important figure in the article is a 3% drop in sales for Sainsbury. That should not lead to the drop in the share price that SBRY is currently experiencing. What all these 'experts' say is buy at the bottom and sell at the top. SBRY is now at or near the bottom. The fear is has it actually bottomed out? Only next week will tell.

This article is misleading. It would appear that this £700 million has been 'bet' over a period of months up to now and it is not a 'bet' placed on Friday, which the article implies. The 'bet' would result in the severe drop in the share price up to now. It could therefore be construed that the current share price of 250p is a bargain buy as the price has been forced down by severe shorting of the stock. It has little to do with the actual business which, although down a little because of Lidl and Aldi, is fundamentally sound.

SRBY has fallen almost 40% since last November and 28% of that since the end of May. According to Richard Hunter of Hargreaves Lansdown Sainsbury is the best of the main four supermarkets. The loss in share price is only partly due to reduced sales and mostly due to these hedge funds forcing the price down over the last month or so. The share price is now less than NAV (net asset value) and should be a bargain price. Of course the market thinks otherwise at present. But 'at present' is often a very short period of time with the market. A reasonable company report next week could change everything. It's certainly getting to a very thin edge of a long wedge. Any casual observer would think SBRY was a basket case with the current drop in the SP, and not a very successful supermarket.

Some big trades after market closure. Difficult to tell whether they are buy or sell because that part of the trades if often wrong. It is just a best guess.

Santander have a target of 250p. Well it's there now. So not much of a target: http://www.wkrb13.com/markets/382254/grupo-santander-lowers-j-sainsbury-plc-to-underweight-sbry/

At the current share price the current dividend is effectively 7%. Of course the dividend will not cover the losses suffered on this share price over the last week or so. But do we believe this is a reasonable share price for SBRY?

291p was a good buy - normally. This is being shorted to an inch of itself. There must be a lot of people who thought the same and will be well down on value. In fact it is being hit harder than Tesco - which caused all of this.

No = know!

Depends how a statement is made and what it states. They should be concerned considering the stock price demise. Nothing to do with desperation. All can see the drop in the share price for no apparent reason. Saying nothing could be seen as having nothing to say. I wouldn't no about any Andy Ruhan. Just googled him - never heard of him before.

True. The company is awfully quiet considering the hit their stock price is taking. You would think they would come out with a confidence boost much sooner than next week considering the hit the stock price is taking right now. There is the danger that no such comment will be taken as they have nothing good to say. Not good.

If you look at any broker rating on any stock you will always find one which is highly pessimistic. Casenove may well be right, but you don't base your statistics on just one data point.

Cazenove is just one broker out of how many? Seven or so? The others are all substantially higher than the current price. What is Casenove's track record on target prices? They seem to be always underweight on SBRY.

Sell your granny on ebay at this price!

And then they have a more sensible article like this: http://www.fool.co.uk/investing/2014/09/23/tesco-plc-inadvertently-makes-j-sainsbury-plc-a-buying-opportunity/

So which is it? http://www.fool.co.uk/investing/2014/09/22/wm-morrison-supermarkets-plc-and-j-sainsbury-plc-are-too-cheap-to-ignore/ https://www.fool.co.uk/investing/2014/09/22/are-tesco-plc-j-sainsbury-plc-wm-morrison-supermarkets-plc-on-the-brink-of-collapse/ Who can take The Motley Fool seriously?

When the price is dropping like this it looks like it will never stop dropping.

Are you still here? Everyone else has left.

So, we've had a bounce of (currently) 2.7% from the post dividend price. Strange when the dividend has now gone. Maybe it's the short selling unravelling. Certainly means it's a decent stock to have bought into pre-dividend. Now that the manipulators have had their fun maybe the price will recover to a sensible figure.

Analysts frequently get it wrong and often have motives which are pushing their own agenda. This stock does however look oversold. Currently the lowest price ever and well below the IPO price. Lots of shorting has been going on and that will need to unwind.

... and four out of five analysts have given a buy rating with the fifth a hold rating. Not that analysts ratings always have an effect on the share price ... http://www.wkrb13.com/markets/366128/foxtons-group-plc-to-go-ex-dividend-on-september-3rd-foxt/