Member Info for TopCatz

Good Stuff Bluebelly - Stay nimble . I'm scared to death of this market at the moment. 10% -25% falls within a day are common place but there must be lots of bargains out there so well done with your National Express trade.

Regards

Hope it works out for you Bluebelly. Could be a great buy. It's foggy today. I haven't got a clue so I'll only let myself look at rock solid bargains. I'd go for 1.8p with JLP but under 2.25p it s hard to call anywhere down to 1.3p which is the historic low. Long term that will defo work out for you though

All Good fun Kalan, Good luck in the morning - Futures improving

Bit of a market darling is Boo MH. I was surprised to see it hit so hard today. Kalan called that trade spot on. Rallied to 1.60 and now dropping back. Any trade I make will be with wide margins though because i've got macro paranoia !

You're right about the oil majors MH. Not only have they got the cash to weather the storm (of which they've seen plenty before) but they will also gobble up any decent assets on the other side of this. Still not the right time for me unless they get ridiculously cheap. Good point re Banks . They always recover well

Just closed for 10% -for approximately £250 net profit. Would have been more confident with 1.20 sot that will do me as don't really fancy holding overnight although i still think there will be a relief rally tomorrow and another sell off friday pm.

Yes Kalan - BOO is premium stock and the type I'll be picking up in the sales BOO, BP, SLP, CEY and some JLP sound like a good portfolio when I put it together once the green shoots appear

Gone for a little dabble there too. Hopefully concluded by tomorrow !

Good luck Kalan. Hope it works out for you. Small bets for short time frames only. Probably be a bounce tomorrow before the next leg down so looks good

Thanks for your thoughts Kalan. Yes 140p is very solid in normal times but anything but normal at the moment. My daughter finishes school until further notice today. Not a govt announcement (although one imminent I imagine) so the next kick in the goolies for anyone trying to navigate through this. Totally agree re BP and Shell. CEY also on the list but 70p is bargain basement there and not sure with Gold holding up that that's possible. Good points re BOO from someone who uses them but the product being cheap may also be a major asset on the other side of this when we are all poorer !

Hello Kalan. What do you think of BOO. I've traded this successfully in the past. Good stock that's getting punished by the macro's big time but it's product should be alright going forward. Cheap internet fashion (think asos). I can see 120p looming on the cards, but also 80p not far behind if it gets really bearish. What do you reckon?...I also think big oilers are becoming extremely cheap too but really don't want to get too heavily involved for a few weeks.

I realise that probably sounds like a deramp and i'm openly out but not meant that way. Just hold on to your horses. As Kalan has previously mentioned there appears to be plenty of time for this to unravel

Morning all

Peak rates in the UK forecast for approximately a months time. Add 2 weeks for incubation etc. Times are uncertain and things will get worse over the next few weeks imo. With all the lifestyle sacrifices we are making their is little joy or confidence out there so I'd urge anyone to be careful with their buying. Trade short or be prepared to possibly hold a paper loss for a month or two. I think once the peak is hit and cases reported begin to fall investors will be looking ahead and betting on a decent recovery. There is a lot between now and then imo so take care with your hard earnt

Tell whoever is trading copper donwards please ! - Although to be fair it's holding up better than other metals

Yeah, I might go short term at 2p but still weary. I'd buy SLP at 17/18p short term too

Very strong support here. It was never going to fall sraight through 2.25p. Whether it will fall again or rise from here is very difficult to say - It may well do neither and just flat line for a bit. Watching with interest

Great stuff Kalan. Yes punters will be pulled in looking for bargains. Maybe they are and maybe they aren't.

I do think there is more to come, mainly because until we see some numbers falling with the virus death count (Summer ?) and the world looks like it s getting back to normal no one with an ounce will be investing heavily. Coupled with this if there is anything at all negative in the forthcoming interims JLP will be smashed again. Not managements fault, no ones fault but the market has got the ugliest head on I've ever seen. Your 1.3p may become a reality but plenty in between (Northwards and Southwards) from here I'd suggest.

Thanks Kalan

& here we have a fresh issue. Price looks good and JLP are positioned to weather this storm but we all know it can ALWAYS get worse so i'd be cautious to buy. 2p looks like it will align with your FTSE 4500 prediction so it may well be in play. Even at 2p I will only go with a portion of my stack on a very short term trade. Who over the next few weeks will be holding over the weekend ?...Very interested in your predictions re indices so please do post when convenient

You can't have a go at Leon for this one CapeHake. What do you expect him to tell you other than wash your hands ?

And there we have it - Didn't think it would be that quick. Support here and it may well be traded to bounce short term (Could offer an opportunity to get out). I'm steering clear for the time being. Palladium, rhodium and platinum getting murdered.

Hi Kalan

Mine are also both in their 70s ( a little younger than yours, my Dad ended up in hospital a couple of years ago when a nasty cough flu was around so he's prone to getting ill on his lungs anyway. Added to that he has pernicious anaemia so immunity is not too good either. He's terrified and they are holing up so we probably have 2 extreme reactions to this right there). I'm pretty sure aside from close relatives that the number 1 spreader will be eating out where someone preparing your food may have it (they probably don't know). That would explain why there's a surge in Italy and Spain where everyone eats out all the time). Same with cruises and same with hotels which is where our premier league footballers would have picked it up). Anyone old should avoid eating out like the plague (no pun intended). That would help. Not great for the hospitality trade. It will be on it's knees along with many other businesses. That's why a world wide recession looks inevitable in my book. Cash is without doubt King.