Shares to watch

Wattie

Wattie

Member
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8,640
rockits said:
It is crazy how many people see this and know this. Yet we keep still keep driving down the wrong road. Must be a man driving saying it is definitely this way! Never to stop and ask for directions from local people in the know. Never stopping to turn around and go back to where we just came from to find the right road instead.

There are so many similar scenarios. A gambler up to his eye balls in debt only to genuinely feel borrowing more to gamble again to gain one good big win to get all the debt back. It never often ends well.

This trickle down economics theory is not even great in theory as we know we don't live in utopia. We know that top 1% do things in the main for themselves and for their own personal betterment. So why do we think trickle down economics would work. It doesn't.

That same theory is even more flawed from a social perspective. You are creating bigger class divides as well as bigger wealth disparity.

It amazes me how we let this happen and that we continue to do so. We have same amazingly clever and estute people on this planet...some amazing brains. Why don't we use them? Not for complete personal betterment but just doing the right thing.

Trickle down economics means we have these scenarios where the some of very richest billionaires created due to this idiology gift millions/billions to good causes.....sometimes. Less than more I hasten to add. However we wouldn't need trickle down economics if it were done right in the first place. It is another plaster at a point travelling down the wrong road.

Maybe we could turn around and drive back a bit to find the right road to travel down. We would actually get to the ideal destination much quicker.

Or we could carry on driving at high speed at high risk down the wrong road. We may do a Dukes of Hazard style jump over a massive hole and land in one piece also still be OK. In the movies that always ends OK. Not sure if we did this in real life it would!

We might find out at some point though. When....I don't know. I though it had to be soon but maybe it isn't. I wonder how much more air we can keep pumping in before the bubble pops? I don't think anyone really knows but we sure as h3ll will know when it has happened.
Click to expand...
It’s popped mate, you watch the fallout develop over the next few months......debt defaults everywhere and de-leverage.
Money printing hasn’t fixed anything.
Oh and remember, we’re in for years with Covid- it ain’t going away.
 
Wattie

Wattie

Member
Messages
8,640
Wattie said:
It’s popped mate, you watch the fallout develop over the next few months......debt defaults everywhere and de-leverage.
Money printing hasn’t fixed anything.
Oh and remember, we’re in for years with Covid- it ain’t going away.
Click to expand...

Nearly 2 Million Struggling Homeowners Apply For Assistance As Forbearance Explosion Paints Dire Picture | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Paycheck to nothing......
 
Froddy

Froddy

Member
Messages
1,072
S&P is at an inflection point, having very nearly reached the anchored VWAP from the December 2018 low. Will it be met with resistance? Interestingly, there is a volume gap above up to c. 2900, so if it breaks through the VWAP (at c.2850) it should sail up to 2900:

SPY,Daily Candlestick chart published by froddy

S&P 500 SPDR Candlestick chart created with TrendSpider
chrt.biz chrt.biz

And there it would meet the 89 EMA on the daily chart, and be very close to the 0.618 Fibonacci retracement:


It could get very choppy very soon ...

Postscript (after market close):
 
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lozcb

lozcb

Member
Messages
12,477
A smitten mate of mine who had become come easy go easy mega rich was walking his newest page 3 girl down the isle ( we all knew it wouldnt last ) as friends it was pointed out to him that he was being a bit hasty and that she was a bit of a gold digger , I can remeber his famous last words Loz Loz you dont understand half of a lot still leaves a lot
 
Wattie

Wattie

Member
Messages
8,640
Froddy said:
S&P is at an inflection point, having very nearly reached the anchored VWAP from the December 2018 low. Will it be met with resistance? Interestingly, there is a volume gap above up to c. 2900, so if it breaks through the VWAP (at c.2850) it should sail up to 2900:

SPY,Daily Candlestick chart published by froddy

S&P 500 SPDR Candlestick chart created with TrendSpider
chrt.biz chrt.biz

And there it would meet the 89 EMA on the daily chart, and be very close to the 0.618 Fibonacci retracement:


It could get very choppy very soon ...

Postscript (after market close):
Click to expand...

Source: Bloomberg
And it can never stop... "There is no escape for Central Banks and Governments from the consequences of their actions – they can’t pull fiscal spending without crushing the economy, and they can’t pull back monetary market support for fear of crushing confidence. They have "crossed the diamond with the pearl" to create the ultimate market drug high, and markets can’t face cold-turkey. The merest hint of a taper tantrum today – and we’re talking massive market reset. Negative rates look inevitable."
 
Wattie

Wattie

Member
Messages
8,640
Thanks for the heads up on these!

68518

Took around £600 out of NCYT too as I’ve annual Sipp fees to pay....returns close to AUD$10,000.
 
rockits

rockits

Member
Messages
9,172
I'll second that.....thanks for the info ;)

I'm still in both GGP & NCYT. I haven't gone bananas and playing with money that I can afford to lose although of course I would prefer not to. However my original investment has been taken back and the profit is over 500% currently. A little better than the current savings rates! Could have built my house for free if I had been silly and dumped £100k in!

I haven't got into Avacta, AA or many others floating around but many have produced stellar gains. Bonkers time at the moment.
 
AT3200AC

AT3200AC

Junior Member
Messages
73
Nice to see GGP motoring on. I would expect upwards pressure from here until the next set of Havieron drill results are out on 29th. I had a bit of a wobble with this one a few weeks ago at peak C19 stress and cashed out for a week. It cost me 25% of my holding which still annoys me....

I wish I pushed some money at NCYT but no spare funds. Seems like a lot of opportunity to makes gains in the next 12 months if you can call the bottom of the market.

Good luck all.
 
rockits

rockits

Member
Messages
9,172
I just can't get my head round the recent Tesla stock price increase to levels getting towards silly levels again. The numbers just seem odd to me. Here is a recent chart of the top 10 car companies:
68521

Tesla said it had delivered more than 367,500 cars last year - up 50% from 2018. Volkswagen delivered almost 11 million vehicles last year, while Toyota sold more than 9 million in the first 11 months of 2019. Tesla has also never made an annual profit. Even if you factor in that an average Tesla might cost 3 or 4 times the cost of an average VW or Toyota. It still doesn't remotely stack up. Am I missing something? Why is Tesla worth $100bn?

Tesla generated $24.6 billion in revenue in 2019 but still didn’t turn an annual profit — in fact, it lost $862 million in 2019. That that was better than the $1 billion loss the company posted in 2018. The company pulled down a $105 million profit in the fourth quarter, though that was boosted by the sale of $133 million worth of regulatory credits to other automakers.

An average EV/EBITDA seems to be 10-15 but Tesla's is circa 65. With many US comments suggesting many S&P company's stock seems expensive even at current levels surely Tesla is really expensive. I had them on my radar if they hit 700 so it is certainly on my radar for a short position at beyond this point. If it hits 800 then I'm in.
 
Wattie

Wattie

Member
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8,640
You’re forgetting that stock markets bare no resemblance to economic reality.
At this rate we’ll be in depression with stock markets at all time highs.
Tesla, airlines etc are all fake, manipulated. The Fed And it’s players are buying everything.
Total disconnect from reality- it’ll come home to roost.
 
J

JJbing

Member
Messages
445
Apparently Tesla spiked due to Elon's midnight tweeting, saying that Robo taxi is ahead of schedule, could be the factor?
 
rockits

rockits

Member
Messages
9,172
Another crazy NCYT day! Massive intra daily swings.

I've still held and added a few more at a dip today.

Shame I have little idea on when and what decisions to make or have little time to deal when needed. I sliced a little at just under £5 but I guess the pros or experienced traders might have sold the lot then bought back in at £3.50. You could just play NCYT and with decent money plays the potential for massive fund growth is immense. I'm sure some have done very well and others playing it badly not so.good.

I'm playing more longer term with this one as the growth potential is quite high for the rest of the year if the cards fall right.

No idea if I should dump the lot at the high and risk being out waiting for a substantial dip. Not sit on my hands and let it roll.

Big RNS at 4.15pm released that kicked it up north hard at the end of trading this afternoon.
 
Wattie

Wattie

Member
Messages
8,640
rockits said:
Another crazy NCYT day! Massive intra daily swings.

I've still held and added a few more at a dip today.

Shame I have little idea on when and what decisions to make or have little time to deal when needed. I sliced a little at just under £5 but I guess the pros or experienced traders might have sold the lot then bought back in at £3.50. You could just play NCYT and with decent money plays the potential for massive fund growth is immense. I'm sure some have done very well and others playing it badly not so.good.

I'm playing more longer term with this one as the growth potential is quite high for the rest of the year if the cards fall right.

No idea if I should dump the lot at the high and risk being out waiting for a substantial dip. Not sit on my hands and let it roll.

Big RNS at 4.15pm released that kicked it up north hard at the end of trading this afternoon.
Click to expand...
I'm in for long term too.
 
rockits

rockits

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Messages
9,172
Added a little ESL today and got into AA a little. Still very much majority cash sitting and waiting.
 
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