Reply With Quoteas they say "fortune favours the brave"Originally Posted by noTAGlove
Well cash is king lasted for 4 weeks of March/April. Now back to cash is trash.
If you invested in EasyJet 19 days ago, you would now be up 86%
as they say "fortune favours the brave"
Easyjet have done very well but the reality is they were on very dodgy ground when they were priced at £4, so for anyone who put a good cash sum in then had either great foresight or too much money to spunk on a punt..
Steady... the ECB have pumped 600 billion stimulus into the system, probably the main reason shares are soaring, so again is money pushing up the foundations..
https://www.telegraph.co.uk/business...ndation-widget
Aston martin around 70P!!
that's 70p too much to my mind - they owe more to lenders than the National debt, well not quite but they are heavily in debt with a weak market, over priced vehicles, worrying management and (now) a reduced product range .......one for the Liquidators!!
the question to ask is what are you buying for your 70 pence?
Last edited by BillN; 5th June 2020 at 12:24.
A wipeout/teaching yourself a lesson.
Was less than 30p a month ago!
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Future ownership by AMG Merc.
It was floated, the IPO, in October 2018 at £19, that's 1900 pence per share
AMG Merc - but will the AM shareholders get any money?
Is the ownership by AMG something thats likely on there horizons for them?
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I keep reading that "the stock market is not the economy". I think that's now proved beyond any doubt!
Isn't the new MD a past Merc director?
Yes, and Toto Wolf has invested a lot recently too.
1900p per share was an absolute joke.
AM will be used as a prime example of how not to do an IPO for decades to come.
AMG Merc will no doubt own it all soon.
Tobias Moers, CEO AMG-Mercedes and comes with quite a reputation.
by the end of the year won't it's debts be almost £1000 million - i.e. One billion £'s
I just cannot see how the shareholders will get any return if the company is sold
Interesting article for January 2020
when the shares were 483 pence and Stroll bought in a £4 a share
https://www.sharesmagazine.co.uk/new...ds-500m-rescue
Markets will go mental now with that incredible US jobs data - expected a loss of 7.5m, jobs week on week and instead 2.5m more people were IN employment week on week meaning a positive delta of 10m jobs on economic forecasts!
Aston Martin - it is reported that Wolff put £37 million into buying shares in April this year - albeit probably at about 50% of todays price
Just sold my Aston shares yesterday bought in @ 28
What idiotic forecasting
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looks like Gold and Gold miners have taken a hit of 5% today, Ryan.......see what happens at the close
(not helped by the US data?)
but next week will be another week
And I bought at £4 thinking that could be a low ...... thankfully just a £500 punt.
My ITM power done rather better. Bought April and up 162%
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Utter bonkers what is going on. Just madness. I have no clue what's going to happen any more.
My Sipp now back to the March high, long may this continue
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but how do you feel, confident or nervous?
I'm 55 next week, I'm really past worrying now, I'm an optimist at heart and as my adviser says, pensions are long term investment and he wishes his clients didn't have portal sign jns because they keep checking balances every day lol
I'm a relatively small investor and I've made 10k again this week, that makes me feel father smug and I can't be bothered worrying
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Lets just see where we are in 3 months or so. After the "reopening".
This is Hertz:
They filed for bankruptcy on 22 May, that's the day the price fell from $2.83 to 80 cents. After some initial volatility, the stock has traded 80-ish cents for the past weeks, while the market digested the news that there wasn't much to expect for shareholders due to the complicated structure of off-balance sheet assets.
Fast forward to yesterday, when the absolutely worthless stock came to life with no news at all and has now all but quadrupled in 24 hours, now trading higher than on the day before the bankruptcy filing. Lot's of speculation that US retail investors are putting their $1,200 stimulus checks to work. Happy days.
The orange narcissist is babbling away now, markets loving it
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Would have lost the house today with this strategy.
A friend said strategic bankruptcy can be helpful in America due to the protections. Admittedly still not a reason at all to pump up 4x and probably further highlights that bad companies are continuing to operate and will likely do so until it all ends in tears.This is Hertz:
They filed for bankruptcy on 22 May, that's the day the price fell from $2.83 to 80 cents. After some initial volatility, the stock has traded 80-ish cents for the past weeks, while the market digested the news that there wasn't much to expect for shareholders due to the complicated structure of off-balance sheet assets.
Fast forward to yesterday, when the absolutely worthless stock came to life with no news at all and has now all but quadrupled in 24 hours, now trading higher than on the day before the bankruptcy filing. Lot's of speculation that US retail investors are putting their $1,200 stimulus checks to work. Happy days.
I know that I am a miserable old bugger, but here is a comment I picked up today
"British Airways is under huge financial strain due to the pandemic, and has said it is currently burning through its cash reserves at a rate of around £1m per hour."
Agreed. This is why I have proceeded with my exodus from the market aside from the Pharma and some tech stocks and a bit of gold regardless of days like today because if you make money today it is just by luck. So if luck is the sole determinant of making money best go to a casino and do it - at least you can have a nice drink at the same time. But this whole thing stinks of an horrendous crash to come, and the same irrationality that takes the stock market to where it is today will take it down below where it ought to be priced at in 6 months or so.This is Hertz:
They filed for bankruptcy on 22 May, that's the day the price fell from $2.83 to 80 cents. After some initial volatility, the stock has traded 80-ish cents for the past weeks, while the market digested the news that there wasn't much to expect for shareholders due to the complicated structure of off-balance sheet assets.
Fast forward to yesterday, when the absolutely worthless stock came to life with no news at all and has now all but quadrupled in 24 hours, now trading higher than on the day before the bankruptcy filing. Lot's of speculation that US retail investors are putting their $1,200 stimulus checks to work. Happy days.
I agree
Bankruptcy in the US is very helpful for the company to continue - but shareholders are usually wiped out as debtors and new investors get all the new shares.
I have no doubt that Hertz will survive, but the current shareholders will own next to nothing of the future company.
Someone who lies about the little things will lie about the big things too.
The Dow Jones is now back to Nov 19 levels.
If markets are forward looking and have priced in the recovery (based off future earnings ) then why did market rocket 900 points?
The Dow Jones at the peak of this graph was 28k , its now rallied to 27k today (pretty much the bottom of the graph now) based off news that 2.5 million of these jobs have comeback(of 22.5 million lost). Doesnt make any sense to me (surely the markets cant be that forward looking)
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I know! Onwards and upwards!
So do I but it seems we are a minority view.
There is a feeding frenzy going on.
Don't knock it
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It seems that it pays to use this thread as a contra indication since pretty much the opposite of what is most often prophesied seems to happen.
Interesting to note there have been large amount of new brokerage accounts being opened in the states. Guess where the $1200 stimulus money for some has been going?
Done very well out of some dodgy AIM stocks last few months.
100%.
Jup we have either got this wrong - missed even a generational investment opportunity or it will collapse spectacularly at some point during the year (even if it did that, lost some chance to make a quick buck). Either way, I've learnt a lot and frankly find the disconnect between on the ground economy and markets more than slightly wrong.
It really is nuts what is going on.
Unless there is a serious second wave worldwide I suspect the trend will continue.
Airline shares shock me more than any other!
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One theory I have is that there has been so much negativity, bad news and shock over the last 4 months that the green shoots of normality returning is helping give the markets a huge lift, add in all the stimulus packages and its like a shot of adrenaline for the markets.
I have invested and sold airline based shares all through this period and overall I have done well as its been a seesaw of movements, I'll continue to do so but I'll watch carefully once the furlough systems start coming to an end..
Folk are typically gambling on the stock market with hundreds or low thousands of pounds. Usually spare money they can afford to lose.
Even if you missed out on the 40% return on let us say £10k potential investment, that is still only a £4K upside you have missed out on. And while very good money, it is hardly life changing. It will buy you a new ceramic seamaster, rather than helping you to retire early.
Missing out on generational life changing investments is when you sold all your pension and investment funds at the top of the market, and then reinvested them all back in at the bottom. Who was brave enough to cash in their whole portfolio in February prior to Covid when the markets where totally benign? Nobody.
As always, hindsight is a wonderful thing
helluva rigged game.
So anybody brave enough to put some cash into oil as per something like the below? All sorts of risks at the moment of course and they seem to have issued some guidance warning about this. Raffe's experience a prime example. But surely this has got to recover in the medium term. Thoughts?
WISDOMTREE WTI CRUDE OIL (CRUD)
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