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Good morning all - bit of a dull day here - suits mine/the markets mood I suppose.
O - there was a big sell off last night in the States all to do with the prospective interest rate rises and bond yield rates. Mark Miniverni that I follow on Twitter has said that "we are near the bottom" of the markets which I really hope is right as I'm just so fed up with it all at the moment - volumes/price ranges are extremely lacklustre in the shares I like to trade which includes OCDO. If you look at the chart there, to me it hit a "triple bottom" a few weeks ago which is supposed to be very bullish for a share price - the last time it did that it shot up from £10 to £28 - obviously circumstances are different now, but I was reading an article in the paper the other day about "where to invest" and funnily enough they came up with the same conclusion as me - regardless of everything else going on, people still have to eat so more downward pressure should be very minimal (in my view obviously).
On Bloomberg this morning they were suggesting that China "may come out" with some stimulus measures/package over the weekend to buoy their economy - the leaders over there are urging people to invest in their stock market, and by all accounts shipping costs are starting to reduce from $14,000 per container to $12,000 and things are starting to improve. Certainly from Tesla's update regarding supply chains/chip shortages they seemed quite positive - all we need now is a peace treaty between Russia and Ukraine and for China to get a hold of their covid problem and they may be the catalysts needed to stop the doom and gloom and from the shorters driving things even lower - they've had over a year of fun so hopefully as they start to close the volumes/range movements will be much better.
Hope everyone is OK.
Just come back from a walk with the ewok.
Thanks everyone for your condolences.
DJ - sorry to hear about your loss. I'm finding things a bit hard at the moment if I'm being honest - I had quite a falling out with my siblings a few years ago and we were just starting to build bridges until things kicked off again in September - he was supposed to ring me back about something and he didn't which I took umbrage to so we never really made up :-(
Good morning all - nice sunny day here today.
Looks like the markets could be a bit volatile today - euro industrial production data out later, new car sales in Europe dropped 19% last month although I'm not sure how much of that was down to chip shortages, Netflix over in the States could drag everything down as they reported figures last night after the market closed and the share price is over 25% down post market and Tesla reports their figures later.
I'm "watching" things at the minute and may have a trade on Roku or Netflix later - perhaps I shouldn't because my mind isn't really in the right place - sadly I lost my brother on Friday morning which was (by me anyway) unexpected.
Hope everyones keeping well.
O - well done on the two top risers - really does change the mood music when things are going well. I have a tendency to agree with Paul S - I do think that when things start turning it will be fast - shorts/hedge funds have had their fun over the last 14 months or so and they are going to have to start closing soon - in fairness to them, they do seem to understand the markets quite well so I'm sure we'll be able to tell when they start closing. Opportunities like these don't come along too often - I'm still accumulating ASC at these lower levels so once the rebound there starts I will be a very happy bunny :-) Bought OCDO this morning as they were battered yesterday - see if it does its usual thing - biggest faller one day, biggest riser the next - fingers crossed anyway.
Good morning all - I can't believe its Easter weekend - just seems Christmas was a blink of an eye away - forecast is good thankfully.
Bloomberg this morning are saying that the feeling is that we may have passed the peak with inflation - fingers crossed that that is the case. Also according to some sort of shipping container index, the costs are coming down so the supply pressures should also soon start to ease - so light at the end of what feels like a very long tunnel.
I hope everyone has nice plans for Easter and has a lovely long weekend.
According to Bloomberg just now the concerns for the market have now expanded from supply chain issues, inflation, interest rate rises, war and has now begun to get concerned about the impact covid is having on China's economic outlook - with the shutdowns people aren't out spending money - I think I'll go back to bed!
Good morning all - bit of a wet dull one here today but the forecast for Easter is reasonable - I've had to re-schedule my trip to Tenerife (again) as my friend has had a fall and is in hospital - could have a broken hip.
Looks like the markets are going to be down again today - Deliveroo has missed expectations so be interesting to see whether they are hammered today, EZJ have also released figures - pre tax loss of £535-£565 million apparently. ASOS also announced results today but I haven't had a chance to look at them yet.
N - thanks for the info on the stocks protected against inflation/supply chain issues - just think the markets are on such a downer at the moment it's best to try and not be left holding at the moment because you just don't know where things are heading - apparently there were 500 container ships waiting to be docked in China the other day.
Hope everyone is keeping well.
Good morning all - Friday already - weeks seem to fly by.
Markets seem to be doing well today although the UK shares that I follow don't seem to be moving that much - no volume which is quite boring - I think I'm starting to get the hang of/patterns of ROKU though so fingers crossed I can trade them for a little while until the UK market picks up - one benefit is it gives me the mornings to do my chores.
C - glad to hear that you've been able to put a bit more in the kitty - carry on like that and it can snowball - small amounts and often soon mounts up.
Hope everyone has had a reasonable week and have nice plans for the weekend - I'm trying to get some shape on my garden.
Good morning all - bit of a mucky one here today - pouring down with rain and looking really miserable.
Well the US market decided to sell off just as I bought back into ROKU yesterday - bought at $132 and I think they dropped to $126 - bit annoying that the drop started just after I pressed the buy button because someone from the Fed decided to make a statement about them removing their support to cool the economy sooner rather than later - caught me wrong footed as I was expecting something like that happening today because the Fed minutes are being released so could be volatile again today - looks like the European markets are following in the US footsteps.
V - that's exactly what I had in my mind when I noticed that the auto correct changed to rubble - good minds think alike :-)
DJ - sorry to hear your holdings are struggling - we've all been there, got the T. shirt and its not a nice feeling - really frustrating but I would say you're probably in the majority that trade the market at the moment rather than the minority the way things have fallen over the last 12 months - the only crumb of comfort that I can give you is that if you see a clear chance to trade your holdings and sell when they spike and buy back in cheaper (even if it's by a small amount cheaper later in the same day) then over time you can reduce your losses by increasing your holdings without having to add more money into the pot.
O - well done on your fund raising efforts - every little helps the people of Ukraine. I can't see it happening any time soon but I really do hope that some sort of cease fire/peace agreement is reached - seeing the pictures every day of the carnage that is happening in Ukraine I just have no words for - just want something to happen sooner rather than later to stop the bloodshed - and the Russian guy at the UN yesterday in total denial of what the troops are doing in Ukraine is just unbelievable. I suppose one thing technology does with the drone evidence and things like that is lets people see the reality of the situation.
N - hope you don't get covid and that your partner feels better soon - seems to be an awful lot of it about at the minute looks like its the reason for the chaos at the airports at the moment.
A Blackrock CIO officer is on Bloomberg at the moment talking about a recession next year - suggesting looking at investing in companies that won't be affected by supply chain problems of the effects of inflation - mmm, good luck with that one then as every company will be affected by the knock on effects of those on others - at least there is a positive - the market is forward looking so hopefully by the end of this year it may start to turn.
Good morning all - nice day here at the moment - bring on the Summer is what I say.
Looks like concerns about inflation are driving the markets this morning - Bloomberg are commenting that leaders are in denial about what's happening with oil/gas and Russia's demands about being paid in rubbles. I also saw somewhere yesterday that covid is affecting the supply chain in China again - apparently there's normally 100-300 container ships waiting to be loaded/unloaded over there are any normal time but at the moment there's 600 ships so it looks like this year is not really going to resolve things - next year Rodders!
For those of you that bought Poly, I'm not sure if this is good or bad news, but Crispin Odey (who normally shorts the life out of companies) has actually invested long term in Poly.
I've carried on trading ASC, OCDO and ROKU as and when - I had quite a good day yesterday on ASC and ROKU so quite pleased with that - hope everyone else is having a reasonable time of it.
Good morning all - another week gone by - can't believe we're in April already. I had an unexpected/unplanned week away last week which was lovely - reading Mark Minniverni's comments about the markets and seeing the prices on some shares over the weekend I don't think I missed much.
Travel/airlines could do well today - Ryannair are out with their figures this morning and they're saying that they are expecting losses to narrow and looking at the airports on the news over the weekend, it may not take the travel companies long to recover.
C - the GP sounded amazing - what an experience but shame that it seems that you've come back from it with covid - hope you're feeling better.
O - Smokey must make you laugh - no snow here for us but my dog loves it and my cat hates it. Hope you enjoyed the rugby over the weekend - according to the papers, looks like that Marcus stole the show.
N - you seem to be doing well with your trading - good idea about the stops.
V - just because you're not trading as much doesn't mean that you can't add value here - even if its just a weather report :-)
Hope everyone has a good day - the markets are green at the start of today.
Good morning all - Friday already.
I've done my trade for today so I think I'm going to take the rest of the day off and enjoy the weather - do a bit more in the garden whilst the good weather is here.
Hope everyone has had a reasonable week and have nice plans for the weekend - have a good one.
O - What's frightening is that they were saying on Bloomberg I think it was that Putin/Russia are still earning $1 billion a day from their oil/gas supplies - it seems to me that Putin feels confident that he holds all the cards!
Good morning all - nice sunny day again - sounds like enjoy it while we can because it all goes back to normal next week. I made the most of the weather yesterday and made a start on my garden - got a new use for the face masks - wearing one while I mow the lawns to reduce the impact of the pollen on my sinus'.
N - well done on your trades - maybe what they're saying in that the US market has bottomed is true - not so sure myself but the volatility seems to have dropped off a bit.
O - you not tempted to get back into SAGA? I've still got my CCL and MCRO - trying to trade them now and again though.
Nothing of note being mentioned on Bloomberg yet this morning. I was watching a Russian guy being interviewed on Sky though and my mouth dropped to the floor when he was trying to claim that the Ukrainians were bombing their own buildings and blaming the Russians and warning about their nuclear capability if they get pushed - absolutely shocking.
Market futures are marginally up this morning.
Have a good day all.
Good morning all - nice sunny morning here and apparently its going to be that way for the next few days - hoorah.
Well how wrong was I yesterday - Powell speaks last week at the Fed meeting and the markets rally - he doesn't say anything different really yesterday and the market sells off - doesn't know what it wants to do. Not really picked up much from Bloomberg yet this morning - I'll keep my ears peeled for anything interesting.
O - you mentioned about OCDO the other day - not sure, but to me looking at the graph the share price hit a "triple bottom" yesterday - last time it did that 2 years ago it flew up to £28 - not looking at it doing the same, but maybe the downtrend will start to reverse - I know there's still headwinds, but as the market is forward looking we may start seeing a turnaround with a lot of shares soon - fingers crossed anyway.
Hope everyone's keeping well.
N - thanks for that. Apparently Jerome Powell is due to give a press conference/talk or something around 4.00 pm our time (I think it is) - when he spoke last week the market reacted positively so hopefully the same thing will happen today so fingers crossed your buys today will have been well timed.