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N - I think it pays to be quick with trades at the moment - Paypal I bought and sold twice yesterday, but the second time I bought I was having to watch very, very closely as there was a danger that I may have made a slight loss on the second trade - luckily I made $2 a share both times. I know I go on about Mark Miniverni a bit here, but he's been going on about losses again and how not being decisive and setting a figure in mind about the maximum loss you are prepared to take saves your portfolio as a small loss can escalate to a massive loss. Today he has also posted something quite interesting in how "new businesses" - ie Facebook - soon become "old businesses" with time and has posted a copy of a share certificate for something like coin tokens for phones - I suppose the modern day example is Tik Tok taking over from Facebook.
Good morning all - can't believe it's Thursday already.
Could be an interesting day on the markets - still being schizophrenic but it's interesting watching the US market sell off again and us obviously following - I don't think I would want to be holding any shares overnight over there (or here for that matter) especially when the likes of Meta (Facebook) are going down by around 25% pre-market and Spotify not far behind.
DJ - I re-read your post about Orpea yesterday and it convinced me to step back - I had sold on a spike at €41 and was going to buy back in yesterday afternoon for €38 but a lot of comment was coming out of France following the hearing there and I thought there is potential that the price could go further down from where it is so thanks once again for posting.
V - I notice that ODX has had a good couple of days - pleased for you that they're up a bit.
Hope everyone has a good day.
N - well done on that - you must be really pleased. I bought some NFLX last week at $370 - sold them last night as I couldn't believe the run they had. I think Paypal have also reported figures last night and their pre-market is something like 16% down so that may be one to watch. Plumbing sorted yesterday thanks.
Good morning all - looks like it could be a positive day on the markets today.
DJ - thanks for the information - really helpful. I had bought in at €40 on Friday as from my reading of things it was only one nursing home that was affected/reported on and I can't help but think/feel that the response has been blown out of all proportion - even in this country we have the odd nursing home that isn't the best and bearing in mind this guys "investigations" were throughout the covid period when every home in the world must have struggled, and testaments are from maybe disgruntled staff - to lose 60% value to me is way overdone. Belgium have apparently done "random" inspections at some of their homes last week as a result of the news so I suppose it depends on what comes from those reports. Up until this reporters revelations things seemed to be operated quite well - customer satisfaction surveys seemed to be positive and I have to be honest, I assumed that "spot checks" in these sorts of places were done on a regular basis - they certainly were here as I remember from looking after a nursing home in my portfolio when I was a Business Manager. I also have to question the reporters motives - its funny that short interest on the company massively increased in the weeks prior to his "revelations" and as we know, reporters aren't always "straight down the line". It may take a few weeks for things to come out in the wash, and I am hoping that more positive news comes out from the inspections - I feel the share price bottomed at €37 so if good news does start filtering out I can see quite a quick/strong recovery - I'm happy to hold/monitor over the next few weeks.
I hope everyone's having a reasonable week.
O - forgot to say - I think you're right about lack of appetite for things at the moment because of Russia etc - can still do a trade though - could have bought OCDO earlier around £14.30 odd and sold for something like a 50p-60p profit.
O - I have to do a full refurbishment of the property anyway so the fact that the plumbing will be sorted free of charge I'm well happy with. I've read a lot about CFD's and people being "stopped out" so I assumed that was the modern way of trading with leverage but I could be wrong. Yes, travel forecasting is going to be hard for this year - Ryannair came out with their figures this morning and they weren't being very positive at all - at least by selling SAGA you can buy back more on a dip - good way of doing things.
I can't believe my luck this week - I got up this morning to a massive water leak - torrents coming through the ceiling from what appears to be my main bathroom (well constant drips anyway) with the walls also being saturated inside and out - I can't work out where the water is coming from but spookily I had a flyer through the post from Welsh Water saying they were trialling plumbing work in my area over the next 3 weeks and any plumbing issues/leaks I have can be repaired free of charge - result or what!
O - I was reading back on your comments about people having lost money trading and noticed you said that a lot of people lost on T+10 and T+20 deals - I thought those were banned years ago after the financial crash.
V - All I can suggest is that you read some of Mark Miniverni's tweets - I think it will be an eye opener for you - quite recently he has commented on shares that have dropped from their all time highs - I think he said something like 50% of shares drop 80% from their highs (or the other way around) but anyway, the trend is your friend has never been a truer expression since about March of last year - its hard to gauge where the bottom of any share price is at the moment (although I am hoping ASC is near there) so throwing more money at a particular company to "average down" isn't always the best - only saying this because I'm trying to be helpful - but honestly, this guy has been trading for 30+ years and puts things across in his tweets more successfully than I can express myself on here.
Good morning all - Monday already.
V - I was watching Bloomberg this morning and they were very much confirming what you mentioned the other day about the US markets not the place to be invested this year - the one good thing is that if the US market sells off in the afternoons, bargains may be had on this side of the pond in as a result. Sorry to see that ODX is down again today - it seems covid stocks are no longer in favour - not that I know too much about the companies, but do you think it may be an idea to look at your portfolio now and re-allocate your funds? - there's going to be loads of companies that will start going up over the next few months where you can re-coup your losses. I don't know if you've been following that Mark Miniverni guy on twitter that I've been mentioning on here - he won some sort of trading championship last year and some of what he puts out on twitter is really helpful.
S - thanks for coming back to me - I understand what you're saying about the French - "lost in translation" has certainly hit home over the last few days with my research.
I note that the French supermarket Casino that has a tie up with Ocado put out a profit warning this morning and apparently their share price is down 7% odd this morning - I wonder if it will have a knock on effect on Ocado later - maybe a time to buy. My funds are utilised elsewhere at the moment.
Those that are trading I hope you have a good day.
Good afternoon all - can't believe its Friday already - and what a week its been!
S - don't worry about what I was asking about yesterday - I've managed to find some articles printed in English which has explained it all.
Well I've found a new tool on Twitter - I've had google translate on my phone and been typing in some comments on the company I was looking at yesterday - took me ages and I've just found a button that you press on the actual tweet and it translates it automatically! Could have saved myself ages yesterday lol!
Hope people haven't been too damaged by the volatility this week - have a good weekend all.
Good morning all (just about) - I've not long since got up - not been sleeping too well because the impact of my fall on Sunday is still causing me some pain during the night.
Anyway, markets schizophrenic again - always an opportunity to trade when they're like this.
N - good guides there especially if you haven't experienced this sort of volatility before.
S - welcome back - good to hear that you're keeping your housekeeping in order and not risking fines with your tax returns. Can't believe you still held HUR. Anyway, you having a place in France, if you're looking in, could you check out some of the headlines on Orpea for me please? It's a chain of nursing homes based in France, and from what I can tell until something was published this week they were run very well and very profitable. The share price was €100 odd but a journalist released a damning report on them earlier on in the week which has sent the share price into a tail spin. From what I can ascertain, it's only one home that's been commented on but the share price has lost nearly 60% this week. I'm a bit suspicious of what's happened as "shorts" were taken out on the company earlier this month and all of a sudden this report has come out - just have a feeling that someone is lining their own pockets/manipulating the situation as I'm sure that the homes would be subject to at least annual reviews by the relevant councils/government bodies. As you have a place in France, and I assume you're fluent in French, would you mind having a look at some of the articles for me? I have a feeling that they could actually be a good buy later today especially if the company start coming out fighting.
O - I agree that the algorithm trading has a lot to answer for - looks like they've been switched on for the US markets- Nasdaq now down 1.4% with S&P down 0.90% - wonder if today will be capitulation in readiness for the fed meeting tomorrow.
DJ - I was only mentioning about my week last week partly because of your comments. It's easy to get disheartened if something goes against you but its how you pick yourself up and move on from it and one thing that you can't do is that unless you have a clear head - I've been trading since the financial crash and have learned an awful lot since then and that's mostly from experience - two days are never the same, nor are two weeks or two months and I still make the wrong calls. One thing I used to do was a paper exercise to record "what my ideal trades" would have been - it's funny but I noticed its one thing that MM says you shouldn't do because of the emotion is removed when it's just on paper and half the battle with trading is to remove emotion from everything you do. I do hope you find what we're saying here of benefit, and if you go back a week or so on MM's twitter he has something like 6 rules that he sticks to which funnily enough are similar to mine.
So looks like the US futures are down over 1% so far - I just wonder if the selling will accelerate and whether it will impact our market - at least with the volatility comes opportunity.
Good morning all - hope everyone is OK.
Looks like a bounce may be on first thing this morning but I think caution is the watch word today - US futures nearly 1% down at the minute so the FTSE could open strongly but possibly sell off closer to the US market open - as O said last night - market manipulation at its finest - according to Bloomberg this morning its all about "the market" warning the Fed not to raise interest rates aggressively or withdraw QE too quickly so at the moment nothing to do with Russia/Ukraine.
Good luck all today.