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Good morning - nice to see the sun shining this morning - at least there's something to be smiling about.
N - yes I did have ROKU - been trading them for a little while now as there is quite a wide range movement in them during the day and 10% swings isn't unusual with them - makes up for the rest of my portfolio that I just left waiting for them to get to my target prices - regretting that decision now but hey ho.
N - out of curiosity I just checked what he said about MSFT yesterday - said 269-271-274 and 269-265 - the high was 272 and the low 264. I also use the yahoo graphs as a good guide when I'm trading ROKU which I find useful.
Good morning - Friday already and at the moment the sun is shining where I am.
Today may be interesting as CPI figures are to be announced in the States - the view of some is that it peaked last month and is going to come down from its highs this month which apparently is what the market has been waiting for so it can start turning positive again - fingers crossed that this happens.
N - I know you like Microsoft - there's someone on Stockwits - Turbotrading - who posts a daily price target for them and a few other US companies - he's not spot on all the time (as an example, yesterday for ROKU he had a low of $95 and a high of $105 - they peaked at $101 and fell to $92) so if you trade the spikes and shakes with either the same number of shares or accumulate more it can be quite profitable - certainly a useful aid/tool for trading.
Hope everyone has had a good week and has nice plans for the weekend.
Good morning - looks like we're on a down day on the markets today - I wonder if the one day up, one day down is a sign that the markets are trying to stabilise/bottom out.
N - sometimes doing nothing seems to be the better option especially as there are very low volumes on almost everything these days - probably won't take long for your portfolio to recover once the market starts to turn around.
Good morning - Monday already with the weather being a bit miserable today for early June. I hope everyone enjoyed the Platinum Jubilee celebrations as much as I did - I watched every event from start to end and thoroughly enjoyed it and makes me feel proud to be British when we do something like that so well.
Looks like it might be a good day on the markets - FTSE and US markets up a bit - I've been trading mainly ROKU in the States in the last few weeks with a bit of OCDO and ASC in the mix as well - the range movements can be quite wide at times with ROKU - certainly seem to be opportunities in the States as the CEO's of major companies keep coming out and making their concerns regarding the economy known (Jamie Dimon on Wednesday and Elon Musk on Friday last week) reminds me of the Trump days - ie sells off on the comments, rallies back the next day - bit of manipulation at its finest going on me thinks.
Hope everyone is keeping well and for those trading good luck today.
O - hire car charges have gone up astronomically - here it costs around £2000 to hire a car for 28 days - all to do with chip shortages and supply chain issues - its absolutely ridiculous - could you not take your car with you to France? - would seem to be the most cost effective way of doing things - even get a passport for the dog and take him with you - all problems solved then. I agree about travel broadening the mind - but a holiday (provided no issues like now) is an investment in your health.
I feel sorry for the airlines/airports - they've been buggered if they do and buggered if they don't - given how specialised some of the jobs are, they should have been given specific support during the pandemic so that all the redundancies in the sector would have been fewer and all this nonsense wouldn't be happening. Obviously some of the cancellations are down to sickness because of covid, and you could say that perhaps airlines shouldn't have been making so many flights available, but I suppose when they were releasing their schedules so far in advance they probably didn't envisage the recruitment problems they are now having.
O - what lovely things you have to look forward to - airlines/airports should be sorted by the Autumn - I'm looking to go away in October and New Year this year if my plans finally come to fruition. Shame S no longer posts here - you could have arranged a meet up in France.
Good morning all - weather a bit miserable here today - and only two days left of trading for this week - really looking forward to the jubilee celebrations - brings people together which is maybe a bit of what the country needs in these challenging times - I've got two parties locally that I'm going to.
Maybe an interesting day today - I can't believe OCDO has gone up over 25% in effectively three days - ASC had a good day yesterday as well and I suppose their rise over the three days isn't far behind that of OCDO's - so it makes me think was it a bit of shorts closing again or was it because of the news of the Chancellors support so the share prices are re-rating, or will it turn out to be a false dawn where the price has been allowed to rise for it to be crashed down again - I suppose time will tell.
Data out of China last night was implying that the country is now in recession because of the lockdowns - can't remember the statistics name but the figure was below 50 - apparently the data wasn't as bad as expected but Tuesdays are normally down days in the markets so with the US having rallied into the end of last week and being closed yesterday I wouldn't be surprised if we were down here today.
O - you're being very good being self sufficient and I'm sure a lot of time and effort goes into it - well done.
N - glad that you had a good time in Cornwall - certainly had the weather for it towards the end of the week - I went to Barrybados on the weekend and didn't realise how strong the sun was as there was a breeze and have ended up a nice cherry red!
Hope those that are trading in the markets are starting to see some improvement - may be a little while before we get back to normal volumes/swings but hopefully we're closer to the end of the downturn than the beginning. Have a good day all.
Good morning all - and what a lovely sunny one it is here today - and it's Friday already!
An interesting day yesterday - the markets seemed to like what the Chancellor did yesterday in respect of support for lower income families - glad that he's done something as the cost/proposed further increase in cost for utilities is quite frightening really and having such a knock on effect on food prices etc. OCDO was quite interesting - there was a comment made that it was probably shorts closing and I tend to agree that there was some degree of that happening as the 14% odd rise was bizarre - ASC had a good day as well but only 8% rise.
Some commentators are seeming to think that inflation has peaked in the States so the markets over there may start to recover soon as its felt that they won't enter recession - we need for the inflation to come under control here too but I suppose we're more exposed to the effect of the Ukraine war so in reality we need to see a peace treaty/end to that not only from a human perspective with the loss of lives continuing, but to save utility bills rising even further and the knock on effects of it.
FTSE futures slightly down this morning as are the US futures - the US is closed for bank holiday on Monday so not sure what to expect today as there is a lot of economic data out at 1.30 over there so things could get interesting here from 1.30 onwards.
Hope everyone has a good day/weekend.
Good morning all.
Looks like the markets will be selling off again today - apparently all to do with SNAP's statement to the market last night that they are not going to achieve their income targets and that things have deteriorated significantly in the past month - they are over 30% down pre market which is dragging everything else down - market doesn't really need much of an excuse to either ramp it up or pull it down but the swings are a bit extreme me thinks.
O - well done on being quick to cut OCDO - I think risk management is so important with the current market conditions.
Hope everyone has a good day.
Good morning all - hope everyone has had a good weekend and, if trading, is ready for the week ahead.
Looks like the markets could have a bit of a rally today - ready for the sell off again tomorrow no doubt but at least if you have the time and want to sit in front of a screen then money can be made with the current levels of volatility.
O - interesting about your grandfathers past and the "story" that the family had come up with - it seems it was very common back then for stories to be made up to "protect the family name" which probably still goes on in some cases now. Do I take it you didn't buy OCDO? I did an in and out trade the other day when they briefly dropped below £7 but I have to be honest I'm trying my hardest not to add to any holdings that I already have and am trying to be nimble with my trades - I will start accumulating again when I can see the market starting to turn but I don't think we are there yet.
Hope everyone is keeping well.
Good morning all - hope everyone is keeping well. Bit of a dull day this morning - let's hope the weather improves as the day goes on.
Well I'm lost, my satellite dish isn't getting a signal so I can't get Bloomberg at the minute so I wasn't able to watch things develop yesterday - bit of a sell off over in the States - may start badly here this morning (FTSE futures down 0.58%) so bargains may be had for "in and out" trades today - I'm going to watch my usual targets for a quick trade as I do expect things to turn around as the feeling is the States will bounce back - we're back into the one day sell off, one day buy like the days of Trumps tweets and the start of covid - plenty of volatility which is good.
n - small amounts and often starts accumulating to larger amounts - out of little acorns big oak trees grow is the saying so keep it up.
O - bit of a claim to fame there with your grandfather playing for Ireland - does that get you any special privileges like guaranteed tickets? :-)
Hope everyone has a good day.
Good morning all - looks like a dull day here - both weather wise and market wise - it does certainly seem to be one up day and one down day at the minute.
Seems like the professional investors/traders called it right on Thursday - anyone that bought something like OCDO Thursday afternoon would have done very well out of it by Friday - probably not do so good today though because of data out of China so all market futures are down - apparently there was zero car sales there in April - probably because its all in lockdown.
n - sorry to hear that you're not feeling too good - I think the markets will turn (maybe in around 3 months time) and hopefully things will become a bit more interesting again.
N - can't disagree with what you're saying there about shorting - a fortune could have been made on many different shares in the last 15 months or so as all they've been doing is going down - imagine having shorted OCDO at £28 and ASC at £52 - be absolutely quids in.
V - hopefully you'll be able to start trading again soon with a bit more upward momentum - be good if you could make a bit more to have a few more pennies for your long delayed Florida trip.
Hope everyone has a good day - could be interesting this week as a lot of data is out - retail sales, wal mart figures to mention just 2 things.
If anyone's interested, I'm reading a few "professional/published" traders saying that we are there or there abouts the current downtrend and that markets could rally for the next 3 weeks before falling back again - could be profitable short term with some shares so battered.
V - morning - nice to see you here. I know you're not really keen to trade intra day so I think sitting back and doing nothing but watching and waiting is the best option at the minute - there'll be plenty to choose from once things turn around but if I'm honest I just haven't got a clue when that will be - but OCDO, ASOS, EZJ, CCL, look good as do many others :-)