They did it with the Banks for a short time during the height of the financial crisis and should do it now otherwise the market will just be in meltdown for months and the impact of short sellers on top listed companies like IAG because they're obviously going to be under pressure as a result of the virus is not going to be helpful to what is going to be a recovering economy - and wouldn't it be lovely if they introduced a ban from Monday morning to catch the shorters out for a change - we can all live in hope.
The governments around the world should ban short selling for the next six months whilst they are trying to deal with the fall out of the virus - it's absolutely disgraceful in times of real distress that the share prices of all companies are being dragged down as they have been since the virus hit because of the short sellers.
Surprising how Italy's market rose by 14% on Friday on the back of short selling being banned - lets hope others have watched and learnt and apply it from Monday.
Hi G - hope you're OK - unfortunately he's not - press conference on Sky now confirming that from Monday all flights from UK and Ireland banned - don't know how long for though. Sounds like Spain/Canary Islands may be doing the same today too.
I foolishly started buying the day before the results - thought I was getting a bargain! As the share price has been so volatile I've been trading it like mad so I'm actually in profit - bit gutted Thursday and Friday though as if I'd been a bit smarter then my holdings would have increased by over 20% - as it is they've increased by just over 10% over the two days so I'm happy.
Yes I was watching the speech on Bloomberg half expecting the markets to tank, but I think that what happened yesterday in the focus that the government seem to be giving the virus is what everyone was looking for - hopefully there'll be a bit less drastic drops like we saw this week but I don't think the volatility will go away for a bit yet.
Someone commented the other day that the stock market took 10 months to fall 49% during the financial crisis, but with this virus its taken less than 3 weeks for the market to fall by 30%. Even during the height of the financial crisis, I don't remember the whole markets being so affected so badly, and obviously there's different reasons for it now, but as soon as there's light at the end of the tunnel for want of a better description, I'm sure there'll be a nice recovery.
I've been racking my brain to try and work out why MCRO have been punished more than Easyjet over the last two days considering the likely impact on each business because of the virus, and the only conclusion I have come to is MCRO's links with USA - my thought process is because until last night there has been so much inaction in the States in response to the virus that the uncertainty level is sky high - perhaps now that the States have come out with an action plan in respect of the virus the massive drops will become a distant memory - I hope anyway.
I'm sorry Skier but whilst it's obvious that the travel sector are going to be the biggest sector to suffer with the virus, the scaremongering that you've been writing on here over the last few days is absolutely disgraceful.
All you need to do is go to share chat at the top of this page, on the right it has as a heading General Chat, and then a sub heading of General Chat again - if you go on that you'll see the new thread for us - look forward to seeing you over there.
Thanks for your honesty O - I too have sold out here for the time being - its going to be a bit of a roller coaster over the next few days I think until more is known about the virus - I'm just surprised that its taken so long for the market to react properly to the risks.
Good luck to you too - I'm sure our paths will cross again.
I've now heard back from LSE and as far as I can tell we have 3 options - the first is to continue to post here, and as per LSE's instructions, if anything untoward is said then press the report button and let the moderation team take the appropriate action - personally I'm not as small minded as some so would prefer to look at either option 2 or 3 so that we can restore the Ocado board back to its former use.
The second is SadActs suggestion in that a general chat thread is opened and we can discuss what we want, when we want, without it affecting anything/anyone else.
The third option is what I was checking out with LSE - I found a "dormant" company whose chat page hasn't been used for three years - I asked LSE if it could be used as an alternative to here and whilst they said "they wouldn't advise using another board" they didn't actually say no to it being used.
Let me know what the preference is - bit of a brutal day today - hope none of you are too battered and bruised.
Good afternoon - I have refrained from posting here but have emailed LSE about the issues raised by some - I think I have a solution to the issue as some people are obviously unable to use a filter button but will wait until I have confirmation from LSE before posting anything else.
Surprisingly some people have found it helpful/useful to their own trading strategies reading the comments here and there's been more positive than negative feedback so far - I think its fair that if the tables turned and the negatives started to outweigh the positives then your view would of course be valid - until then I presume you will use the filter button.