40% in these bo11ox markets is excellent.Great news....good work. Any profit at the moment is good news.
Most goes over my head too. I understand the basics and all I need to. You need balls of steel at the moment. They need to create a new term for a tree shake. Some of these trees are being shaken by bl00dy hurricanes at the moment.
Added some more NCYT earlier today on dips. Bought back into HOC again.
Still holding NCYT, GGP, SOLG for a while I think. Might dump half of NCYT at £5 if it gets there next week but definitely will at £6.
If I close all positions now that will be 40% profit using circa £25k over 6 weeks so pretty happy with that. A smidge better than 1% over a year but a profit isn't a profit until realised so not there yet.
It is good I haven't got much time to watch as I could imagine it would do your head in.
My only.goal is to beat the interest rate the bank gives over a year and I'd call that a win.
We will see what next week brings....it is not in the bank yet but even if this wasn't realised I've banked way over 1% that is for sure! Not hard though to beat 1% though.40% in these bo11ox markets is excellent.
Well done Sir!
15% ish? What sort of professional would say that?Says it all.
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Us GDP will be horrendous- that will probably send markets soaring......falsely.I think it's really important that people understand that Big Money and its algos constantly target liquidity. So, if the crowd is too short, what better way to make money than to rally? The more the crowd shorts, the harder the market will rally. It really has little to do with what the share is actually worth - it's all about stealing money from retail traders. This is why the markets don't make sense at the moment.
I bang on about options expiration in the US markets and manipulation, when Big Money closes prices at the levels which exert maximum pain upon retail traders to ensure that as many options expire worthless as is possible. Price closes at or near whole numbers where the bulk of strike price volume lies.
No coincidence that, yesterday (and I must stress that this is not atypical):
Amazon closed at exactly 2375 - odd isn't it??
Netflix - 422.96 (422.50?)
Facebook 179.24 (180?):
Boeing 154.00 (155?)
Google 1279.00 (1280?)
Zoom 150.06 (150?)
The list goes on ...
The big day to mark on your calendar is 29/4 - US GDP figures. By then, maybe Joe Soap will have capitulated on his short and will have bet the farm long. Even then, if Joe is too short, the market may still rally on catastrophic data. It will all depend upon the put:call ratio moving average, and whether the crowd is too long, or too short. That is critical ...
Starts trading with the rights issue shares next Mon 20th. 4 for 1 offer to existing shareholders
I'm not an investor as such but I find this thread fascinating, looking around how would IAG fare? This lockdown won't last forever?
I don’t think oils oversold at all Froddy. There are massive stockpiles of it everywhere, tankers just sat, bobbing around and so there’s no demand for it.Negative figure crude futures? Didn't even know that could happen:
I'll be watching USD/CAD pair closely - it's making all the right noises but this market just cannot be trusted. Oil is oversold and I'll bet Big Money will be salivating at the prospect of Joe Soap shorting it - rich pickings? Grab the popcorn ...
MaseratiGent, SOS!!
Totally agree - as always, I'm talking short-term technical. Of course it ultimately could (and probably will) go lower. It's the potential (and likely violent) dead cat bounce to the mean (the 21 EMA) which could break many hearts ...I don’t think oils oversold at all Froddy. There are massive stockpiles of it everywhere, tankers just sat, bobbing around and so there’s no demand for it.
pretty good explanation of what's occurring here.Totally agree - as always, I'm talking short-term technical. Of course it ultimately could (and probably will) go lower. It's the potential (and likely violent) dead cat bounce to the mean (the 21 EMA) which could break many hearts ...