The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Good morning all - Friday already - don't know where the weeks go - it's a nice light frosty one here this morning.
I was watching Bloomberg yesterday morning, and until this morning when I got up I hadn't realised that I hadn't posted anything about this. The analyst that was saying that he couldn't believe the market was so calm when covid was ravaging China has said the same yesterday about inflation/interest rate increases - as we know, the market went bonkers in March of that year so be on guard that we could be building to that sort of volatility again over the next few weeks given the inflation figure out in the States yesterday - think it was something like 7.6% which was worst than expected hence the sell off yesterday.
V - very pleased to hear that you're trading spikes/shakes - helps manage your overall position.
O - I was looking at a chartists twitter feed yesterday and this will please you (if you're still in them) but he said the charts on CCL (which I still hold and am really pleased about), SAGA, IAG, EZJ and JET's are looking really good.
Hope everyone has a good day today - good luck all.
Good afternoon all - nice sunny, bright day here.
I have to be honest I've been more engrossed in the Winter Olympics than the markets the last few days - some of the ski jumpers must have a few screws loose - good to watch but why on earth anyone would want to do that is beyond me.
Does anyone think the same as me in that Boris is desperate to get Partygate off the front pages so he's trying to use everything in his armoury to do so - before Xmas it was scaremongering about the omicron variant and now it's no problem and we're going to remove all restrictions - I know we all have to live with it/move on eventually, but the one thing I really disagree with is allowing anyone testing positive for covid not having to isolate - looks like the market was cheered by his comments though as I noticed that OCDO especially started picking up after PMQ's. Fingers crossed that we really are seeing the back of this although I did see in the paper yesterday that there's been two cases of Ebola identified in the country - that's all we need.
It will be interesting to see the market reaction to US inflation later - I'm not confident of it being a good figure but if it is only going to be transitory and it can be controlled everywhere with interest rates, then hopefully as supply chain issues start resolving themselves the two things combined may start to restore a bit of normality.
Hope everyone's having a reasonable day.
O - You do make me laugh. I have just come back from a long walk with the dog and relieved to see that my decision to sell OCDO earlier on was the right one - looks like the bottom may be around the £11.50 mark so I will buy back in then - turned my loss into a profit situation so well happy - wish I'd sold MCRO yesterday though.
O - I just sold OCDO on what I thought was a spike so trying to minimise potential losses - 20p down was better than £1 down, but you're right, it's like skating on thin ice. I don't know where the data has come from, but someone on the OCDO chat page has posted details of OCDO shares out on loan being shorted and it's a huge number - something like 11% of the shares - I think it's the same for a lot of companies hence the downward pressure on everything the last god knows how many months - I'm not sure how the hedge funds get around not disclosing the true figures.
Good morning all - seems like the mornings are starting to get lighter - Spring on the way - hoorah!
All I can say this morning is I think I've had a lucky escape the last few days - pleased I sold FB on Friday - they were down something like $12 yesterday, and OCDO's results don't seem to have been received well - bought back in at £13 though so see how that goes.
Hope everyone has a good day - travel should do well today because of TUI's comments about bookings and the fact that people are prepared to pay increased prices to get away in the Summer.
N - I just hope that Wales don't end up with the wooden spoon. I still have a holding in MCRO - I have been in the process of reducing my holding to buy ASC but I've stopped for the time being as it could very well be that MCRO recover faster than ASC now which wasn't my view a few months ago. Apparently Amazons cloud thing contributed quite a lot to their results and MCRO have a link there so results may well be good.
I was thinking about things this morning - all I saw on the news was negativity - rising prices, fuel poverty, lower income, Carrie Johnson running the country and of course the issue with Russia/Ukraine - all of which made me wonder what would start turning the markets more positive - I hope we don't have another year like last, but I have a niggling feeling it will be a while before things do start turning.
N - I agree Ireland played extremely well and it did make Wales look very mediocre. I have to be honest I don't get too nationalistic about things and just enjoy the tournament but I do sometimes find Englands arrogance quite irritating at times - population wise they're bigger than the rest of the home countries so statistically they have a bigger pot to draw from so it stands to reason they should be better anyway.
Good morning all - quite a nice fresh day here today - I'm bored - sold OCDO for a small profit this morning but think I'll wait until tomorrow before doing anything else - going to watch the winter olympics now.
O - Wales were dreadful against Ireland on Saturday - some are saying its because 8 Lions players are out of action/injured so a lot of experience was missing, but they still had more caps on the pitch than Ireland - they were just crap. England game an interesting one and considering how hard a time Scotland have had over the years I was really pleased to see them pinch a win. I was half expecting France to put 100 points on Italy considering how they've played, but in fairness to Italy, they do seem to be improving slowly. I dread to think what the score is going to be on Saturday for the Wales v Scotland but I think the game to watch will be the France v Ireland.
N - well done on your profit from Amazon - I sold my Meta on open at $235 ish - $5 loss per share but I can't really complain about that as I did very well on Netflix - so all in all not a bad couple of weeks for me - bought OCDO now seeing as they've fallen since they had their double upgrade the other day.
Hope everyone's had a reasonable week and that you all have a lovely weekend - rugby for me this weekend - see if we can win the Championship again by getting other teams players sent off :-)
N - yes I saw that about Amazon - you must be pleased. I'm just relieved that Meta is up pre-market so I should make a profit and relieved I sold Orpea the other day at €41 as they are tanking today - I really do need to stick to my plan of just focusing on one share in the UK but when nothing is happening it gets so boring.
Good morning all - Friday already - hoorah, even though its a dark, dull wet one.
Well the markets continue to be a bit schizophrenic - massively down yesterday (in the States anyway) and looking to go up today - at least all this volatility brings opportunity. I could kick myself this week for not taking profits when they presented themselves - twice - once with Orpea where I could have sold on Monday morning for €5 profit only ending up selling for a €1 profit, and last night with Facebook/Meta - could have sold with a $6 profit instead I sat there and watched my profit dwindle away - I was going to sell just before the bell but felt that I should have a bit of patience with this one and luckily (last time I looked) it has bounced a little bit so I'm glad I didn't take the hit.
I can't believe the swings on some of the big named stocks in the US at the moment though - for people that have got the bottle to trade them I'm sure big profits (and losses for that matter) can be made - Snap was down around 20% last night, they issued their results after close and they're up nearly 60% pre-market - although I could say I wish I'd bought Snap yesterday, there was always the chance that their results could have been bad and they could have been down another 20%. I think my ventures into the US markets are done after this trade - way too volatile/stressful for me and when I look at my experiences of the markets there overall, I think it's one for me to stay away from - I think I'm only wandering to other shares because there's little volume/volatility on the shares over here so harder to trade - ASC is like watching paint dry but OCDO has started to get a bit more interest lately.
It looks like there's good news out for NCYT holders which hopefully will be good news for those holding - if there's volume/volatility there the price swings are so dramatic it would be easy to trade the spikes/shakes - or as they are saying in the States lately "buy the dip, sell the rip" that the number of shares could be increased quite quickly which would help quicken a profit situation from a loss.
Hope everyone has a good day.