Member Info for teslo

Hopefully the short-term bottom is and the talks continue into next week and beyond.

The £ against the $ is much more stable today at around $1.11.

It will be interesting to see if the price can hold, test and possibly break the short-term resistance level at around 1.88-190

Enjoy your weekend.

Annually.

If the RMG group eliminated Middle-aged post-men and replaced them with school leavers on an entry level salary the company would save £900,000,000.

Well said @Babis.

Warren almost stole Baron's line.

@Phunt,

I have more more letters after my name than you have in your name, the comment was a reference to a picture I saw on the CWU social media page. If you want to infer that I did not know that Royal Mail and the Post Office are in fact separate legal entities, that's your prerogative

Enjoy your dinner and wine, but drinking and posting online is not a good look, much like middle-aged men in entry level jobs.

@Babis is it true most Posties are over 55?

Although I don't disbelieve it because I just saw some pictures on the CWU twitter page from the Post Office picket line, and I couldn't believe my eye's, it looked like an advert for Saga.

It's pretty clear the culture at RMG is toxic simply by judging how certain people who work their post on here, passive-aggression is often being disguised as " banter. "

Be grateful you only have 9 posts and also be safe out there tomorrow and remember to wrap up warm.

P.P.S.

When I was paid in a professional capacity to forensically sort through financial data, in most cases it was too look for frauds incompetence negligence and criminal behaviour patterns.

Enjoy your evening, along with your long weekend.

HR is always watching.

@Wolves in September 2020 you also said £1 was coming real soon, 9 months later it was £6

I'm not saying you're wrong here, and everyone is entitled to their opinions, but can you break it down with some analysis, beyond a thread title and posting a single number as to why ?

You were also not the only employee on here talking the price down around that timeline either, another vocal poster who is/was fond of taking evening shots at me, was telling another poster in August 2020 " Take your losses. You could have sold at 219p.".

For the record, I am not sorting through people's posts to dig them out, I used to forensically examine financial data as a job and old habit die hard.

Personally, I tend to agree with @Grayling in that everything RMG related is just noise at the moment. There are much deeper problems going on with the UK economy right now.

Shorts reducing to over half of their peak level's of 2018 and 2019 and over a third lower than the highs of 2020, doesn't seem in line with the previous action at these price levels. There could be a number of reasons why, but it will also be fresh in their mind how they got burned in late 2020.

I'm actually interested in other's opinion and takes on here, more so when they break it down, and less so when the responses are intentionally disguised as something else.

The CWU posting on social media about the talk's update @4.25 pm running into the close was pretty slick and unless the takeover with VESA has already been locked in behind the scenes, they should not be taken lightly. At this stage it's becoming a dangerous game of poker and it does seem that if one side does not adhere to the other's wishes and folds, the other is seemingly willing and content to allow the RMG house to burn down.

Simon Thompson blase attitude toward's the CWU and the Chairman seemingly AWOL does not add-up either, but I doubt either of them would lose any sleep if RMG goes up flames and Dave Ward would still be wearing his silk pyjamas, unlike many of the current RMG employees.

There is a case for both sides, but unless they compromise by the time they wait for an independent adjudication they will be sifting through the ashes.

GLA.

P.S All shot's taken at me are welcomed.

Exactly @NEWDEALS.

I held one stock during the time of the financial crisis and it was a stock I only held because they were free shares given to me as an employee.

When I originally received them, I sold half of them @250 as it was effectively free money, only to watch them rise to @320. I have held them ever since, and subsequent to the financial crisis on 2009 they traded in the low @70's during the Euro crisis of 2011 to over @400 just before covid hit.

These type of boards are full of rampers / de-rampers and plant's from various institutions with the sole purpose of creating fear or FOMO.

Always DYOR and stand by your convictions because as I said earlier, lot's of people on here have called the drop down perfectly but very few have traded it.

Today I have my best trading day in a long-time and if the price dips into the 170's again and rises back to 188-190 I will effectively be b/e.

GLA I'm off to touch some grass.

BOE needed to step in here, otherwise the Algo's were going to crash the market and economy in the process.

11am auction price action on level 2 was fierce.

Short - 188 - long - 178 was the market makers move today.

ABC.

@Casper, not at all.

I saw the same in 2018-20 people on here predicted the trading ranges and drop's almost perfectly, but rarely if ever traded them.

Then, the same said people missed out on the upward move when the trend eventually changed.

It's crazy to think someone like me, who does not work for Royal Mail and has no working history with company, and it not privy to the inner workings of the company, can buy and sell more profitably than those with said knowledge.

Then short it @Casper if that's what you believe based on your analysis.

All I see in these boards is people who pluck figures out of their ass where they think the price is heading, not just here but these forums of are full of broken watches.

People who pick a price level, and when it hit's they think they're Warren Buffett, but when you read there post histories and look at what they're invested in or have been invested in, it tends to tell a completely different story.

Very rarely though do they have the convictions of their beliefs to put their money where their mouth is.

@Falkland used to have a name for these types MIRAGE TRADERS I think it is.

@Casper look at the market as a whole, there will be 5-10 % drops across the board today.

@Anger I actually locked everything now, my current average is now around £2,

But at this stage the price can drop to 0 now and my carrying loss will not be any larger than it currently is.

My real cost average though is 0 also, so it's all good.

I will unwind it all in due course, but the market, especially the FTSE is on the precipice at the moment.

GLA.

I shorted on open as well, so let's see how this plays out.

182.49 paid.

I fully expect the pre-covid levels of 2020 to be tested, especially with the profit warning that will inevitably drop in November.

150-160 and there is a gap all the way down to 118.

I may well short as a hedge in the short-term.

GLA.

There will be carnage across a lot of sectors in the near future.

Will probably pick up a few more today.

@wolves Please stop projecting.