Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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.
Good afternoon all - bit of a dark dull one here - not been feeling too good today so my friend has just taken the dog out for me for her walk today.
O - so much to sticking to what I know - bought ASC at £22.07 on Friday because they bounced back from £21.90 odd and I thought common sense in respect of Russia may have prevailed over the weekend - just goes to show never "assume". It just seems to be one thing after another lately - just as the States are getting to grips with covid we've got all this Russia rubbish - I wonder if Putin waited until Merkel retired before making his move considering from what's been said in the press that he had some respect for her.
Let's hope that common sense prevails sooner rather than later and whilst lots of share prices have been hammered today, as we've seen in the past, the harder they fall, the stronger the bounce - fingers crossed anyway. And there was me at the start of the year hoping that "normality" was going to return to the markets with covid coming under control!
V - S did say that he was hoping to return to trading from the beginning of this year - maybe whatever was taking him away from trading last year is still ongoing. R is a blast from the past, haven't heard from him since the middle of last year so hope everything is OK with him.
Good morning all - well that was a week that was - I decided on the spur of the minute at the end of last week to go off on a mini break to Tenby - got back yesterday afternoon but have not been online much at all while I was away - only did 5 trades all week but not unhappy with the way things turned out.
Volatility may have returned for a while with all this kicking off in Ukraine, and the fact that the market doesn't seem to want the Fed to raise interest rates hence the sell off - I was watching a bit of Bloomberg at the closing bell on Friday and the commentators were saying that there's only been a few times in the last few years where interest rates in the States have been increased and from what the commentators were saying its almost like the market is holding the Fed to ransom in that every time there's a threat or raising rates the market sells off - it's like they're hooked on QE but at some point they have to just let normal market conditions prevail - well in my opinion anyway.
I have looked at my figures for last week - whilst my longer term holdings are down in value, my trading pot did OK last week - I sold the M&S I bought for a 5.92% loss - sold them at £2.25 on 14/1 as I couldn't see them rebounding strongly which gave me the opportunity to buy ASC at £22.20 on Wednesday and traded them Thursday and Friday so at the end of the week my cash in my trading pot is up 6% so my losses from my affray into OCDO and M&S have all been recovered and the number of shares I have in ASC has increased by 5% since my last trade on ASC on the 12/1.
The only reason I have mentioned my figures from last week is that I've read a few comments about portfolios/trading pots being lower and to highlight that if you feel that you've made the wrong choice in buying a share when you have, there's no harm in selling and either buying back the same share at a lower price or moving onto something else - OCDO have fallen from the £15.44 I sold them at to £14.25 at close on Friday, and M&S have dropped down to £2.19 since my sale at £2.25 - my key learning point from the last week or so is to stick to my plan of just focusing on ASC for the next few months - if I had not wandered into other shares my trading pot would have been a lot better off.
DJ - as you can see from my comments I'm still learning and carry on making mistakes - it's all par for the course and its how you deal/overcome the issues that are the important things - I've mentioned Mark Miniverni on here a few times, and he has published a few books on trading which you could possibly find helpful with your development - there's many books on trading/investing and another book you could look at is one by Jesse Livermore - he was a successful trader/investor from the early 1900's - technology may have changed, but the principles of investing are still the same as back then.
N - hope you enjoyed your day out on Friday.
Good morning all - just.
It's a lovely day here so I've decided to take the day off - angry at myself for not showing a bit more patience yesterday - half my plan would have worked so if I had just waited until this morning I could have bought ASC for £24 and ended the week with 5% more shares than I started with even after missing out on that 11% rise yesterday - as it is M&S has dropped even further.
TD - swings and roundabouts today for you I see as CINE were up and M&S down - hopefully that will turn around soon.
Result (hopefully today) with Djokovic potentially being deported from Australia and being banned for 3 years - good enough for him I say, and well I'm just gobsmacked about more revelations of parties at Downing Street - seems like people were following their leader in not thinking rules applied to them - reminds me of my naughty neighbours in that as long as "I'm alright Jack" nothing else matters.
Hope everyone's had a reasonable week and that everyone has a good weekend - found another proverb on Mark Minervini's twitter the other day which I liked and which I'm adding to my pile - "If you don't sacrifice for what you want, what you want becomes the sacrifice" - my target to retire fully in July 2023 :-)
O - I actually made a £200 loss on the trade when the stamp duty was taken into consideration so I'm hoping that I will more than make that up with my M&S buy at £2.37 - I've been watching OCDO and it doesn't seem to be wanting to go anywhere at the minute - need to sell that for £2.40 or more to be in a net profit between the both trades and want ASC to drop below £24 and I'll still be up on the week with my ASC shares then - as I've said before, I'm looking to increase my holding there over the next few months.
According to the news today they reckon Djokovic will still be able to play in the Australian open - think it's disgusting myself as its now been found that he broke rules going from Serbia to Spain over the New Year. Interesting that JVT has resigned as Deputy Chief Medical Officer - curious timing!
Good morning all - very frosty morning here - just how I like my Winter mornings.
Well looks like ASC trading update was well received - hopefully we will now see the markets looking past the pandemic and supply chain issues and start looking forward so all the beaten down shares that we hold can start moving back up and that the volume returns so things become tradeable again.
O - I only bought them yesterday because I thought they were cheap and saw that M&S were due to come out with figures today - see TSCO has come out with their trading update and like a lot of food retailers have increased their targets for this year.
Has anyone read the news about OVO energy? Apparently they're cutting 25% of their staff by Thursday because of the increase in gas prices - all these energy companies going bust is reminding me a bit of the contagion we had during the financial crisis - one goes and then they all start toppling over - bit frightening really the impact it can have on bills especially for those that are struggling financially.
Hope everyone has a good day today.
N - yes the debt clocks are very frightening. I'm not sure whose worse at the minute - Boris or Djokovic - who thinks the latter will end up being deported from Australia? I hope he does as he just sets a bad example - how can you test positive for covid and then go out into the public? - think he's backed himself into a corner myself.
Anyone notice that Rushi Sunak wasn't at HOC today? I have a feeling that the two don't get on.
V - if the volume starts coming back to shares like ASC and DARK you may be able to trade the spikes and shakes again - I'm out of ASC until after the results tomorrow now as if it follows its usual form, then its "buy on the rumour and sell on the news" - share price has gone up a bit over the last few days so it will be interesting to see.
Good morning all - only just got up but managed to sell my ASC - glad I bought yesterday afternoon now.
O - I was watching a little bit of Powells testimony yesterday and one of the people asking a question had a graph of the US debt which has just skyrocketed - the guy was asking when the debt mountain was going to be tackled - the trajectory of the graph was terrifying - bit like the Omicron graphs we've been shown over the last few weeks. I think the difference with billionaires is they can have loads of money in one particular project that if it went badly it wouldn't break them so if 6 out of 10 things that they are invested goes well they're still just printing money - oh to be in their shoes :-)
PMQ's will be interesting this afternoon - I wonder how many questions about parties will be asked.
Hope everyone has a good day.
Well its decisions, decisions this afternoon - I sold my ASC a bit earlier, saw them drop down to £22.30 odd and debated whether to buy again - I've noticed that the US markets have opened down, and Jerome Powell is due to give some sort of press conference later - and there's the inflation news out of the States tomorrow - I think I'll leave it for now and see what tomorrow brings.
Hope everyones been having a reasonable day - bit quiet here at the moment.
Good morning all.
Looks like the market is in schizophrenic mode again - I prefer the up days myself as it puts you in a better frame of mind. Retail sales figures for December have been issued today and they weren't that bad - if anyone was watching Bloomberg yesterday and has a mind for buying a Rolls Royce you'll have a long wait - apparently it will take 12 months before you get the car if you order it now!
Hope everyone has a good day - not sure if the market will do much because it all depends on what's happening in the US (just for a change) and apparently its all about the CPI figure tomorrow. Good luck all.
Good morning all - dark and cold here - roll on the Summer.
Well it looked like it was going to be a nice start to the week earlier with the FTSE forecast to open up - that has since changed and it has gone negative now. According to Bloomberg, this week is really the start of the year with everyone returning to their desks after the Xmas break - let's hope today isn't a forerunner of what's to come. Wednesday may be interesting - the US release their up to date CPI figures - market may be a bit volatile either way depending on how it comes out.
Hope everyone had a good start to the year last week and that a good day is had by all today.