Member Info for tawse57

PROS: The RSI is showing the stock oversold, the MACD is slowly turning up and the share price is well below the 20, 50 and 200 moving day averages. NEGATIVES: The Pound has fallen considerably and NEXT buys most of its products from overseas. A 20% fall in Sterling has cost NEXT a great deal. Whilst some people are saying that Sterling could recover in the second half of the year the likelihood is that Sterling will weaken again as we head towards March. We might even see a spike down in March. Holidays - are Brits going to go on holiday this year with a much weaker Pound and what affect will a downturn on foreign holidays have on NEXT with people buying holiday clothing? Inflation - inflation is here and is going to get worse as the year progresses. People will become aware of less money in their pockets as food and energy bills rise. In the US Trump's policies are deliberately inflationary and the UK always follows the US in terms of inflation. Dividend - it might not be cut now but trading in the coming months could see the company do an about turn on their 45p quarterly dividends. I suspect that there will be another profit warning in the Spring - the 45p dividend feels like desperation. No need to offer that if the board feels that the bottom is near. The stock is currently over-sold and it is possible that we get a bounce here but I don't think the bottom has been found yet and we could easily see £29.XX as a target. Yes, £29. That's a 30% drop from here yet.

FCX reporting before the open in the US tomorrow went up about 9% today. Copper surged but looks like shorts covering as China goes away on hols for 2 weeks. MIGHT be an absence of Chinese buyers in the next fortnight.

If that is what increased Christmas sales does for the SP then, with rising costs and a strapped consumer, things do not look good for most UK retailers this year.

We are 6 months or more into a new gold bull market and the share price of this company is doing nothing. What on earth is going on? Even the most awful gold and silver miners around the world have shot up in the past few months. Many miners are up several hundred percent. Yet this SP just flounders. If they do not pull their fingers out soon they will miss one of the best gold bulls in years.

We're deu another January or August 15 crash so we could see this drop considerably under a quid IMPO. Perhaps it would be a tradeable buy and sell if you have the brass monkeys to buy on such a dip. Longterm, I think this trends down IMPO. sain@vision - good post.

Marks and Spencer is all over the place. On a few places it was showing as just under £2.99 - and I was ready to buy tomorrow. But then I saw that it is nearer £3.50. Is that right? Is this more BOE of fuddling before they crash the Pound further tomorrow.

Marks and Spencer is all over the place. On a few places it was showing as just under £2.99 - and I was ready to buy tomorrow. But then I saw that it is nearer £3.50. Is that right? Is this more BOE of fuddling before they crash the Pound further tomorrow.

Buying stock in USD is going to weigh on this company IMPO. I can only see it going lower in the short-term. Brits are about to see things get more expensive so you could have a double whammy of SPD buying in stock in USD but also a slow-down in Brits spending. I can see this a good £1 cheaper by the Autumn.

Almost 9% drop in clothing and home sales.

I will wait and see if this gets to about 75p now. With so many UK property funds closing and stopping any withdrawals for the next month it is clear that UK property is entering a crisis period in the UK.

What makes you say that - looks 50 50 to me on the charts? Could go either way. The RSI is way over-sold but it would be after such a drop.

Goldman Sachs buying?

Apple's SP is tumbling after reports of a 70 - 80% drop in chip shipments for the iphone. http://www.zerohedge.com/news/2016-05-12/aapl-plunges-after-report-70-80-plunge-iphone-chip-shipments

Could be about to bounce back up to 42 - US API numbers out today. Could go either way. The bounce or drop will probably be rapid though so tough one to call. Toss a coin anyone?

Surprised this is down this morning. Was expecting it to rally with the FTSE.

Anyone know how much was paid for the John Francis chain in Swansea & West Wales?

Mr. Market clearly does not think that SBRY buying Argos is a good plan. It smacks to me of desperation akin to Morrisons and their Ocardo deal. I think SBRY needs to get into electronic / white goods in a big way but the half-hearted way they seem to go about it does not instill confidence. I don't think Argos is the solution nor do I think that they can carry on selling a handful of white goods - blenders, slow cookers, toasters, etc - in the way they currently do in their stores. Seems very out of date.

This could just be a diversion by Sainsbury as there has been talk in recent weeks about a take-over bid for SBRY. Best way to put off a take-over bid on you is to pretend to want to buy someone else. Saying that, isn't there still a connection between Home Retail and Sainsbury via Homebase?

Fears of a festive disaster at M&S with sales predicted to slide as much as 5.5% ramping up the pressure on CEO Marc Bolland Read more: http://www.thisismoney.co.uk/money/markets/article-3381390/Fears-festive-disaster-M-S-sales-predicted-slide-5-5-ramping-pressure-CEO-Marc-Bolland.html#ixzz3w4x6szht

You said similar back in May biffaberks when you bought nearly 3,000 shares at 188.13. Sorry, this is just a low volume end of year melt-up in stocks generally both here in the UK/Europe and in the US IMPO.