Member Info for Velo

" I have a theory about what went on with EUA. "

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- Go one, spill the beans. Let's hear it :)

Yep, still not BT. [ Insert blushing emoji here ]

Strategy reasons.
(But hard to stomach watching 40%++ gains float past my screen).

There was a highly successful set-up that I could have employed to release myself from self imposed disciplined strategy
[That was a strategy buy today].

But realised the set-up far too late to enact it.

Might do a post sometime revealing that simple workable set-up, as others may have been in the same position as myself.

Strategy. Must keep repeating it to myself. Strategy.

And after posting of my interest in getting some international exposure in my portfolios, yesterday (US stocks) what did I buy today?

- A boring (but long-term bullish) UK stock I'd been stalking for awhile. LOL!

131.5 by close. Well what a bummer!

The closing SP was in tune with a market wide bearish change in momentum today. Might take until Friday to glean if it's in sympathy with FTSE or it's the budding recovery faltering.

That 131.50 close sent the price action well down into bear territory and isn't a nice close at all.
To be fair the ultra short term trends are still bearish; supposed to wait until there's visible confirmation of a cross to the upside, so I might have jumped the gun too early, as tomorrow there's no slack in the downside now.

ALL supports are now back in the 120's, neutrality is still @ 133 though - but the upside if the SP can pull it off, has expanded wider, thus showing in the right market (FTSE) background, there are signs of the SP having a decent run to the upside, if only - and all that.

So anything closing above 133 is a winner for Wed. But no lower.

On the other hand, if it is a lousy trading day tomorrow, there's a good chance any bearish action might peter out in the high 120's. (Should it be that bad)

No dressing it up. That ugly close was not the desired close I was seeking for today.

Yes, I can confirm the correct closing SP was 131.50

(This site is error prone on actual closing prices of late).

That's a poor close for today, so initially I had a fright when I saw it even lower on here at this site's error prone closing price.

The SP was on course and performing beautifully up to lunchtime. The UK markets were blue but they've all closed in the red by end of day, and it caught BT off guard too, and by close gone was that "performing beautifully" bullish price action. Will post further on that next, in a separate post.

Tiger, I know nowt about EUA so really should shut keep my trap shut (800+ toxic posts today alone & rising rapidly on that site - and all of them burying hatchets in the back of each others skulls).

But I find its balance sheet an easy read. It's illiquid.

Don't think it can meet it's debt obligations/bills a moment longer. It has almost no cash on hand the highest net debt ever in it's history - I'm betting with high certainty it will file for insolvency imminently. Whatever is in the ground they control will be up for sale by the receiver. Just my blasé IMO :)

And just bought the 2nd tranche @ 2578.

Dillillied and dallied a few pence lower so pretented to be a decisive person and doubled my part holding to the full monty. Now any further buys will have to be really really a lot lower.

I'm contented.

Might go lower but in the deepest part of the March crash it didn't retrace that deeply (1900's) so not optimistic of it retracing much below the last visit to 2500's. We'll see, always up for a bargain if it presents itself.

I'm in bed with you now, so shift yourself and move over, and stop hugging all the blankets :)

God been stalking this for ages. Just bagged half my preferred budget for this at 2579. It's still in a downtrend so might go a little lower or not, whatever quite happy to buy the 2nd half higher as the case may be. Should have bagged it when it was in the 2500's last time. Been irritated ever since - but corrected that dalliance and struck today :)

... then my previous musings of a circa 140's / 130's Feb close, dissapate away and Stoodio's end of Feb close of 125 becomes the only game in town :)

That's because there is only one single in-house named broker analyst for SLP
And that is :
Liberum (Benjamin Davis is their analyst for SLP).

So you're right, that is the link.
They're the registered, named broker and analyst.

SLP only being covered by a single broker shows how tiny the MCap is for SLP is.

It's your investing 'edge' :)

ie., SLP, generally speaking, is under the radar of the mainstream. Unnoticed.

" but I've no sympathy for short sellers. "

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I have some. They're the sharks of the investing sea, the vultures of the Serengetti, picking off easy-meat, ailing-meat that are failing companies, that would otherwise strangle ordinary hard working investors to death. Think Carrillion. It needed to go. Removing it prevented future investors losing the majority of their value in holding it.

Carillion were later discovered to be lying to it's own investors - criminal charges were filed against some of the directors - all brought out into the open by the actions of shorters.

Hedge fund shorters on the whole go after flash Harry's and the like, who are pulling the wool over the eyes of the man-in-the-street investor. (Quindell)

It goes without saying that during the process, the ordinary man-in-the-street investor becomes collateral damage, cannon fodder. They take one for the team. Unfortunate but it's the law of the jungle out there.

Have to add about GameStop - the money pouring into the stock has continued unabated today.

The volume bars (at record highs) are almost as high as the stock price. Every indictor and trend line is screaming buy. It's a frenzy. Not a soul is clocking the Overbought Condition. They must think the price will rise continuously from now on "because everything was the fault of the hedge fund shorters all along. And now they've gone, the SP is only rising to its true worth".

I can only think that when the objective is achieved and the shorters are routed, ordinary investors will try to cash in "some" of their mega gains, more will join them, the MM's will become overwhelmed, others will see the price dropping before they've had a chance to cash in some of their gains too, and panic will not be far away. More money is pouring in, right now, today, thus inflating the price relentlessly.

Laugh at their foolishness, but will we, be able to spot a bubble inflating uncontrollably when it's our turn over here? Once in its grip, we investors can become no different to drug addicts, demanding the next fix.

AFTER all the news has revealed what's going on, that's what's happened today.

" Velo, what do you make of GameStop's price action? "
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Fleccy, I just have to open with the same lines again - and those are:

R U psychic? LOL!
Have you got my phones tapped?
- That's what I was looking at on Sunday!

- And an unwarranted email landed in my inbox today about GameStop. Coincidence? Or is this another case of e-commerce clocking what pages we all look at?

Basically, it's a v poor stock when measured on key fundamentals and is crying out to be shorted, based entirely on the current unhealthily sky-high SP. Not a conspiracy, just delusional investors.

Consider:
The revenue of Gamestop has been steadily declining for half a dozen years or so (remind you of a certain stock here in the UK? :)

From $9.296bn in 2015, declining Y-O-Y to $6.466bn for 2020 - a 30% drop in turnover.

There the comparison to 'a stock in the UK' ends when it comes to Net Profit, because Net profit declined from $393.1bn in 2015 declining Y-OY down to $34.7bn by 2018,

and if that wasn't enough declined further into losses of

minus -$0.673m LOSS in 2019,

and worse down to

minus -$0.470.9m LOSS in 2020 trading year.

And it doesn't stop there.
They've given guidance that this 2021 trading year to expect losses to continue with

minus -$140.6m for 2021

AND the year after that, they're still guiding for losses to continue!

Worse, on the TTM method of calculation, their proposed guidance loss of minus -£140.6m for 2021 is coming up by the computer algos of being more like minus -$274.8m!

So even their guidance of continuing losses appear to be under estimations.

Would you want to invest in that piece of junk? Or short it, as they're in a state of denial with an SP that belongs to a raging hot stock.

Now let's look at it from my moving average trend lines from long term to short term and what is seen?

- Only from the summer of last year - the SP has risen to become a screaming buy.... Eh, you wot?

From approx $3.75 last summer up to $147/148 today. Coulda got rich! Want some?

AND it's sporting a huge killer Overbought Condition to boot - that alone is telling anyone who cares to look the SP is all set, ****ed and loaded to sting a bit when it descends out of Overbought condition.

Don't blame certain individuals leading sheep-like investors telling lies to them.
It's the ordinary investors that are in denial. The company accounts are dreadful. The SP is in a huge overbought condition because the shorters have had to cover their positions as nutters bought a loss making stock driving the price to a now (IMO) unsustainable height.

My opinion? Watch the SP come down - hard.

If there's a plan to revive GameStop fortunes - show it to me - they haven't a clue. They're losing revenue and for years now have been operating at a loss - yet the SP is like a Guinness Book of Records hero! Something's gotta give!

No conspiracy, and no sympathy for delusional investors - the signs

Your post next Fleccy.

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A nice turnaround in the pivot point supports suggested for Wednesday.

Far from my despair at seeing nothing but a line of pivot point supports all in the 120's last night (which with the higher open this morning deposited a 130 as first line of defence and thus made the day despair-free) tonight is a much healthier support system with now TWO supports inside the 130's ( Yay! :) with the only single support in the 120's being 129.

So pretty safe bet to say Wednesday looking set not to sink out of the 130's - as a minimum.

So, time to launch an offensive?

133 is the safe seat again, if the SP wants to take time out on the subs bench.

But look, just a teeny-weeny close on 134 - a penny away from tonight's close, raises the game into bull territory
- and it'll be: Hey Ho Silver away!

The remainder of the resistances are in the upper 130's, so the potential is there for a good day tomorrow. Even the extreme bullish resistances are registered as still in the 130's. All achievable :)

But 134 minimum would be nice (dependant on the opening price being in synch like it was this morning :)

Just about to quickly reply to Fleccy's post as I want to go on to this pullback now being dead in the water. I think it's over.
Chin out and: Good game, good game - but these bears need to get their emperor to sign the surrender papers or the SP drops a H-bomb on them tomorrow.

Anyway H-Hi
- I'm open minded to US stocks. It's important that any stocks have 1) A LONG TERM bullish trend already in place. And 2) Then pass the fundamentals metrics tests - no dogs like Fleccy's Gamestop (will circle back to your post Fleccy with validatory data - but cutting to the chase for speed)

- Gamestop; it's a friggin' dog - short the friggin' Rrrrs off it! It's going dahn! Dahn I tell ya! Trying to channel a ****anee accent - Dahn? Is that how they say it? - You're going dahn! Gerr outta my pub! :)

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BT holders - You've been tested, this past, Ooh let me count; 1,2,3,4,5,6,7,8,9,10,11,12 - 13 I think.
Yes this past 13 days - I reckon it's over! If so, I'm open to what this pullback was all about.

I'm leaning towards something called 'Overhead supply' (reckoned to occur when there's a 10% fall in price compared from a previous high in the past 3 months, so like duh - hello :) :)
ie., investors have been banking profits or recouping losses - some will have been on a 40% profit roll, Over the past 3 months alone. That's a roaring success anywhere in the world. Can't blame anyone for banking a 30% - 40% profit in a near-5 year serial dissapointer! Bravo! (Anyone hear want to confess to selling BT v recently?)

Relative strength is heading back up, Long term trend closing in fast to break through into a bullish rating v soon and thus lets loose the dogs of war, and me off the leash - my protective long term signal is pulling up my metal cage door.

Entered today's opening SP into the pivot points - wasn't expecting much - but found it had opened higher and that allowed the calcs to introduce 130 into the first line of defence ahead of the 120 supports to sit on top of them!
- So you were all protected inside the 130's all day long, only just updating the pivot point calcs; so only just aware myself.

Also, I'm pleased that midnight fairy didn't answer, as the higher open propelled the pivot point neutrality zone up from 132 to 133. What did the SP close on? :)

Should have updated on these, this morning but only had time for a flash post.

Another week and a half and a major milestone is achieved for this bull breakout, on it's road to attempting to be 'the big one'! Right on cue to coincide with the Q3 big reveal too. I'm looking for confirmation tomorrow. So a bullish day tomorrow please, to seal the deal by the osmosis of confirmation and thus bring the bears emperor to the surrender table.

Who thought/or still thinks this bearish pullback had any legs left? Speak up. Because I think it's done.
Fancy that, the 130 support coming to the rescue at the 11th hour!

- This breakout bull run is still on!

Very, very, encouraging seeing this morning's price action.

If what's on screen at the mo' was the actual close at end of trading today, I'd be prepared to call it in and opine the current pullback is terminating.

Off to good start. A damn good start. Lovin' the shapes. Lovin it :) But it's only 10am so dohhh. But lovin' the shapes nonetheless.

Geez, look at the time. Only just perusing the day's price action in BT.

Don't like the look of how it's hanging despite holding up its end of the bargain and staying in 130's all day Monday.

Maybe it's just been a bad day all round on UK markets as all indices were down today.

So need a good general market day tomorrow because the pivot points for BT are dire in that all the supports are in the 120's - the lot of them!

If a midnight fairy were to grant me a wish tonight, it would be for a modest ha'penny, not even a penny just a measly 0.5p rise for BT so that it can park up all day on 132 - and stay there keeping its head down straight through until 4:30pm.

That's the bare, bare, minimum for safety tomorrow.

The bearish shorter term trends are gaining strength. Yet volume was even lower on Monday. Should not be equating to increasing bearish strength.

Ahh see what comes out in the wash tomorrow. I'm done for the day.

" Your focus should be on American companies "
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R U psychic? LOL!
Have you got my phones tapped? That's my next moves in due course :)

" (BT'S forward P/E is 6.96 - against an industry average of P/E19.7 !)

Hence based on a PE true-valuation is way, way higher than that link valuation. 200%++ to their 110%
Starts with a £3

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Aww heck! Can't leave it at that :)

[ BT's forward P/E is 6.96 - against an industry average of P/E19.7 ]

Ergo; £3.70+ is my true SP valuation for BT (for the lowest ever earnings to be revealed at this year end in March so £3+ is just the start for this year
- higher for year 2, and higher still for year 3 - but will sentiment take the brakes off?
Up to sentiment what it settles on.

So 283% rise from here if ever the market values BT to the industry averages
Or settle for that link of only 110% from here.
Or the analysts who currently are showing 158p as "fair value".

Still haven't looked at today's price action in BT!

PS.
I see that a PE ratio has been attributed to Tesla stock. Which is a mathematically impossible feat - as there are no earnings, nontheless that profit lowers Tesla's PE ratio to (promise not to laugh first) to just P/E 206!
(And would halve again if next year's earnings come in as forecast).

(However, using TTM calculation the net profit showing against Musk's forecast is only 1/5th of what he says to expect).
I will be looking out for their trading results with interest :)

To compare:
(BT'S forward P/E is 6.96 - against an industry average of P/E19.7 !)

Hence based on a PE true-valuation is way, way higher than that link valuation. 200%++ to their 110%
Starts with a £3