The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Love it, The Clown and the Schmuck united as one, despite the fact they actually both despise each other, simply because they're mirrors of one another.
And, speaking of many accounts, @Fruitster was last seen posting as @EMMJANE talking about buying £200k's worth of MKS on margin in May 2002. Hopefully he didn't get stopped out as they dipped another 25 % after he bought, before eventually reversing, the fact he chose to re-engage with you though is somewhat telling.
Lastly thank you for highlighting my point and I think the below description is very fitting :
Choose the Right Synonym for sycophant
PARASITE, SYCOPHANT, TOADY, LEECH, SPONGE mean a usually obsequious flatterer or self-seeker.
As Tupac once said, " some things will never change ".
Tend to agree with @Charlie, it seems @Anger the Schmuck has taken on the mantle that @Fruitster the Spiv once held, with shockingly similar results.
Plus it's the same sycophants that validated the SPIV who have been validating the SCHMUCK.
Over the last few months I have traded in and out here and now only have a relatively small position here, but at least it's in profit.
IDS.L INTL DISTRIBUTIONS ORD GBP0.01 8,810 17,889.47 2.046 GBP 18,025.26 135.79 0.76
Still, it's probably more skin in the game, than any of the time wasters here have and more importantly, I am showing a PROFIT and have plenty of dry powder going into FOMC having exited some other positions elsewhere in April.
I also added a 4 hourly chart here, highlighting the last 3 months' activity.
https://ibb.co/PM3Yp0q
Enjoy.
No offense @Anger it's actually hard to focus on a conversation especially one that is essentially mathematical, especially when I am sitting on a 20 % plus return this year alone with someone who is telling me I am wrong by betting against their representation of the world. A version which would have netted anyone who followed it a paper-loss in excess of 40 % requiring at best a 67 % plus price increase to break even on this one stock alone.
Hopefully a deal is done and the price increases by 67 % in the next year to 18 months, in that scenario it would create a win-win for both of us, I would make circa 30k and be 66.5 % profit of and you would of course be approaching your break-even point.
Therein lies the difference and the reason you're going back on filter and we're done engaging.
You're overly interested and invested in the noise on these boards, it's an approach you have carried over from the ITV board where it seems you also had you ass handed to you both literally and metaphorically.
Lastly for someone who has never traded IDS you have spent an inordinate amount of time posting about spread bets and spread betting.
Either way I have wasted way too much time on you and this today, so another three month sabbatical for me.
Dow held up surprisingly well today (-0.29 %) considering how the FTSE dropped 2.50 %, especially considering FTSE futures were only down 0.5 % after close of play on the Dow on Friday evening and actually up 20 points, pre-open, that is the power of 0dte manipulation on the US markets.
@NewDealz,
Stops are a necessity for traders, even if it's a mental one, simply because of the compounding effect a loss can have on the gain required to recover said loss.
If a stock drops 5 % then a 5.3 % gain is required to break even.
10 % it's 11.1 %
20 % becomes 25 %
50 % becomes 100 %
75 % requires a 300 % gain just to break even.
This is the main reason why around 80 % of spread-betting and CFD accounts lose money and blow-up over-time, as they become emotionally invested and married to a losing position.
Stops are also required because a lot of traders, especially professional traders are more often than not trading break-outs from a high, rather than bottom fishing, trying to catch a falling knife in an attempt to time the bottom.
Agree with what you said about the @AIM market, that is a casino and one where you can hit the jackpot but it's also one where you can easily blow-up your account overnight, especially if you hold into results.
@Anger.
Now you're resorting to outright projection.
The sole intention behind your @9am post was some feeble attempt to bait me, for something I posted on Friday.
You're now resorting to the same petty approach that the other resident clown has done in the past and attempted to do again in November 2022, after the price spiked to 250. During which he attempted to mock me for selling @207 and @225. I did try and inform said clown I put that money into ITV @68p which prior to Friday was trading around @88p, even at today's close of 81.67 represents a gain of 19 % on said trade. Had I kept those funds in IDS, those same funds would have increased by less than 1 % at today's closing price of 220.8.
That represents a 19 % swing in my favour, plus I bought a tranche of RMG back at 220 today, and with that one buy I am 100 % certain I have more skin in the game here than you do, only I don't need a 50-100 % price increase to break even.
For the record I have also posted more live trades both buys and sells than any other poster on this board, and probably more than everyone else combined. Which highlights where I think the market is heading at any given moment, I even showed a profit on IDS during 2022 when the stock declined by 60 %.
There is a reason why I don't share charts and technical analysis as I once did, and it primarily because of people like yourself.
1000's of hours and over 2700 posts you have put into this board in an eighteen month period, during which time you have berated anyone who has a differing opinion, called posties thick as ****, and also one when you have incurred significant losses.
As another poster tried to tell you in January those posties you were calling TAF, have traded this stock more effectively than you as have I.
I am more than happy with my buy today and will continue to add on any weakness.
@Newdealz.
Umm, yes the quote is out of a book, fooled by randomness, excellent book by the way and one which I re-read every so often.
I agree with you on Ocado, that was an excellent trading stock, at least until results day on 28th February, prior to that and especially in the weeks leading into results, it traded in a very specific range and was actually my bread and butter day / swing trade throughout February (611 - 635). Anyone trading that beyond results day, unless they were short, or had a tight stop-loss would now be stuck with a long-term investment, much like anyone who purchased IDS during the first half of 2022.
Up until today, and from January 19th, IDS had also traded a specific range, 225 - 245, rarely breaking above or below.
As you said on Friday, hopefully this is just a healthy reset of the ranges....if not, then almost everything across the board may suddenly become a long-term investment, and without a deal here, the company becomes all that more dependent on Daniel Kretinsky.
Jim Cramer, actually reminds me of a few posters who frequent this board and I tend to look at them in a similar manner, there's actually a very good social media account about him @CramerTracker.
Enjoy your day and hopefully you've had better weather than we currently experiencing in Central London, where we've had gale force winds all morning, which putting things into proper perspective is actually causing me more disruption than anything else today.
Dow opens an hour earlier today and 0dte will be in overdrive with the VIX now over 30 for the first time since October.
Caio.
One last point......
I follow a number of accounts on social media of professional traders, ex traders and macro specialists such as Keith McCullough, @KeithMcCullough has been exceptionally good in recent months. His focus though is mainly on the US markets, but his principles apply elsewhere.
At various times of the year his company Hedgeeye will run special offers for his subscription services at very heavily discounted prices, and that is worth it's weight in gold, especially in volatile times and even the free stuff on social media is a great learning resource.
You also cannot go wrong reading anything by Nassim Taleb, who essentially predicted the financial crisis in one of his books.
99.9 % of what you read on boards like this on the other hand is just noise, written by people who when you read their post history back are just walking talking contradictions, either that or they're just outright clowns.
I bought some around 2.20 today 2.22 with costs along with a bunch of other things today, and will probably just sit on them, unless there is no deal, and will likely add on any positive news.
Enjoy.
Buying the banks on open on Friday, was a bargain for example Barclays opened around 152, traded as high as 158, and closed at 157.5
Trading that would have made anyone a profit, and at worst they would have broken even with a stop-loss
Maybe if you knew what a stop-loss was you probably wouldn't be where you currently are, especially as you were so self-aware about Putin in February 2022.
Your whole day for the last 18 months has literally been spent clicking refresh on your browser.
Last post from me.
@Newdealz.
I set a bunch of buy orders pre-market for a few stocks including IDS in and around the 225 level, whilst others got hit on open the one here did not.
So I am still out and will probably be out for the foreseeable future as the NFP delivered decent numbers and I don't thing 225 will be tested today.
I do think a deal is more likely now than in November, simply because it's a lot more urgent now and the increase in Stamp price's provides the company a little more leverage. If a deal is done, anyone who bought today or in and around the current price level will likely do very well in the next 18 months, or at least until the next dispute arises.
For me it's still somewhat high risk and I don't really want to get stuck like I did in September and have to increase my stake to trade my way out of it.
Plus with today's drop there were some decent bargains to be had on open, especially in the banking sector.
GL.
US market is also incredibly volatile due to the increase in 0dte options trading in recent times, which has turned that market into a daily casino.
Hopefully for the company, employees and LTH a deal is done and announced soon.
Back to 249 and above on a deal and back to 205 and below on no deal, which is what happened in November 2022, leading into the December strikes.
@225 has been the strongest support level since January, and will probably only get tested today if NFP come in a lot lower than expectation or the contagion continues due to SVB financial, which spooked the financial sector continues.
It's essentially a 50-50 gamble at today's price, and just depends if you think a deal and do you feel lucky.
Chart's have been pretty meaningless this week simply due to the economic data that was pending and not priced in until it came out.
Budget next week and I really cannot see the Sunak delivering one that will spook the markets, unless he goes all Liz Truss on us.
GLA.
Two posts from me in a little under THREE MONTHS would suggest so and it's an activity I highly recommend.
And, as Taleb once wrote :
" The only article Lady Fortuna has no control over is your behavior. Good luck. "
Enjoy.
Whatever happened to Maximus1 ? He seems like another one fooled by randomness.
Maybe in another twelve months, 2000 posts and thousand supplemental hours wasted hours, you will actually be back to break even and if not, worst case scenario you can continue to average down as others have done, and like them, you can later claim to have timed the bottom of the market.
Ciao Clown.
It will be interesting to see how the UK element of the company has performed during Q4 ( Jan - March 2023.) given there have been ZERO strikes thus far, and the company has and is continuing to implement change and revisions.
Hopefully they book a profit for Q4, and a deal is done and the patient shareholders are rewarded for their..............................
Patience or Blindness depending which narrative you listen to.
Personally I blame Putin for everything.
Seems like the company is just providing the CWU with yet another reason and excuse to ballot and strike further in the future.
It's only a matter of time before The union and Dave start quoting section 44 of the Employment Rights Act.
Although fair play to the posties over the last couple of day's though, working conditions outside are pretty treacherous right now especially with yesterday's snow now turning to ice and the company is seemingly just adding further fuel to the fire of an already bitter ongoing dispute.
Although I did recall a few weeks ago one employee suggesting on social media the way to get around losing pay during strike periods was to simply go-off sick citing mental health and it's probable some have done that in recent times and that not all will be genuine cases.
At least the share price has bounced somewhat today and if Jerome Powell is dovish later in the week the Santa Rally might still be in play. Outside of that or a deal being struck with Union, It's more probably than not this will test the lows of a couple months ago and possibly beyond if the strikes continue. It's looking more and more like the Unions are wanting and are heading towards a national strike agenda.
GLA.
@Broch
My experience with Amazon was very different
Last week. I had 20 plus items delivered in 24-48 hours. the only issue I had was simply due to certain retailers using Royal Mail as opposed to Amazon logistics and other couriers.
Despite being sent tracked. items sent by Royal Mail took on average six days and I'm still waiting on one item. Even Evri and Parcelhub delivered quicker than Royal Mail.
Maybe it's because I am a prime customer and live in London, but it's a clear indicator of the impact of the strike action and resulting backlog.
IMO today is probably the last day you will be able to reliably order anything to be delivered by Royal Mail in the hope of receiving it before Christmas. Unless off course it's sent via special, tracked 48 hour took 6 days for me last week.
Service is a shambles currently as is the share price , especially considering the hopium some on here were showing via ghere cut and paste posts on November 18th,
GLA off to touch some snow