Reply With QuoteYou are very kind to them.Originally Posted by alfat33
I can happily report that my stop at 25,780 for DJIA futures has just been taken out. That is one half of the position which I sold at 27,200 about three weeks ago. The low was 24,500 two weeks ago (and close to that yesterday morning). The other half is still alive, but...
You are very kind to them.
a little more news from this morning
"Crispin Odey is preparing to sue Germany's financial regulator for millions of pounds worth of lost profit after it banned the short selling of Wirecard shares for two months last year. Mr Odey has made about £25m from short-selling shares in Wirecard, the German payments company which filed for insolvency last week and is now the subject of multiple investigations around the world."- The Times
Im a nice guy :).
Makes a lot of sense considering Tesla represents a little less than 0.5 % of global car sales (Toyota and Volkswagen have about 13% each). I am not sure Tesla even make the Top 50 of car manufacturers.
Yep the product is the hype. Not to be touched with a barge pole and where you have a CEO who publically accuses a Cave Rescue hero of being a paedophile (and still keeps his job) then that is a toxic company as the fish rots from the head down.
Yep, a toxic company. But at the core of many funds eg SMIT, Baillie Gifford, Fundsmith etc.
Toxic company, mad CEO.
https://twitter.com/Tweetermeyer/sta...35710420070400
TSLA > 1,200
Apart from the obvious hysteria what is driving it up?TSLA > 1,200
a consideration is that it's market cap etc., is now almost big enough to move from NASDAQ and once it moves to the main index it will be bought by the tracker funds
Tesla vs Amazon. Similar pattern but look at the difference in scale!
NASDAQ is not an index as such, it's a trading venue and their indices just capture the entirety of the stocks listed on it (or the 100 largest ones in the NASDAQ 100).
The discussion about Tesla is that they would qualify for inclusion in the S&P 500 index (and would stay on the NASDAQ at the same time as long as their stock is listed there) once they have shown a positive quarter and many are speculating that this would drive a lot of buying from ETFs and index funds. Experience says that it's extremely difficult to benefit from such predictable events and a common strategy is to 'buy the rumour and sell the fact', oftentimes leading on a poor performance once the goal has actually been reached.
Fundsmith does not contain Tesla. It doesnt fit the criteria of Terrys investment strategy of good solid companies.
Isnt SMIT a Baillie Gilford fund?
This really happened today.
Someone who lies about the little things will lie about the big things too.
Meanwhile new cases in the USA continues to accelerate.
poem on unity in diversity in english
You know what that means?
Markets up 👍💪
In 2-3 weeks we should see deaths follow suit, or they have improved treatments.
I hope the good performance of my Baillie Gifford Global Alpha hasn’t been relying on Tesla.
How do you find out (outside of the top 10) what shares are in a fund?
Baillie Gifford Global Alpha Growth fund cntained 1.4% Tesla as of the last available public report (January 2020).
Tesla is not one of the top 10 holdings as per 31 May, but Shopify is. Tesla didn't make the top 10 in January, but considering their performance I assume the fund will have at least trimmed the holding or Tesla would be in the top 10 now.
Cheers Raffe, I didnt know the info about individual share holdings within a fund was so readily available.
UCITS funds are legally obliged to publish annual and semi-annual reports with full holdings.
A Baillie Gifford fund relying more on Tesla would be SMT, of which 11.1% is Tesla at the moment.
Well, to the OPs question... not Rolls Royce, as I had thought. I just got murdered today on that stock :(
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Looks like share dilution coming on that one, have to say its peaked my long term interest so will keep an eye on it this week.
Just a reminder for Thursday;)
Unbelievable really.
Not to jinx it or anything Ryan, but you didn't think you'd win that one either, right?
Four trading sessions to go until Thursday.
Someone who lies about the little things will lie about the big things too.
Are you hopeful of a late ‘win’ ?
Nearly ten percent in four days. Mmm. Famous last words!
No, I have given up hope of the market behaving rationally. But since I have been stopped out of my shorts last week, suppose if it ever happens, then now.
Someone who lies about the little things will lie about the big things too.
Maybe the market is behaving rationally, its central banks that seem to have gone a little crazy.
What I said at the time was that Raffe should win that bet but I felt the markets were acting irrationally and in line with what I experienced in the Crypto markets a couple of years back where hype and FOMO was prevalent. One day rationality returns and the whole thing comes crashing down brutally. So in the end Raffe will be right for sure. It was all about timing and irrationality is still king for now. It won't be at some time in the (near) future. No way is the economy as strong as what the indexes would indicate. The people who have returned to pubs etc aren't the people with the highest spending power who ultimately dictate the strength of the economy. I'll take another bet with someone that we will see minimum 25% wiped off from today (friday's) DJIA value at some stage before year end. FOMO will be replaced with just fear.
Last edited by ryanb741; 5th July 2020 at 18:01.
I revisited this thread to see what date my side bet with Passenger was due. I guess a lot can happen in 4 days.....
I would not take that bet as who knows. FOMO is normally near the top not the bottom. When there is just fear (hard to call it until you look back in hindsight) its buying time.
Dow Future up >300 overnight. All good.
Someone who lies about the little things will lie about the big things too.
You have to laugh.
Elon has mocked short sellers, by selling limited edition Tesla shorts. 🤣
https://www.hl.co.uk/news/2020/7/6/t...NRM&Override=1
Stamp duty being reduced by any chance?
Only up to 500k from what I read. No mention of those spending above that only paying for the portion above 500k.
I think for those of us approaching middle age that have assets and earn moderately well there is very little prospect of anything other than more, rather than less, tax for the rest of our working lives.
Plus of course paying income tax on a pension
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Enough stimulus to mean builders/developers shares are up 5-7% eg Barratt, Persimmon, TW. They will doubtless know something ahead of the midweek announcement. Not sure about a BTL rate review. That would be nice as I am due to complete on one in 6/8 weeks.
Who if not the middle-aged with assets should pay down the debt incurred in order to save country and paople from COVID?
Exactly. Plus the young have made the biggest sacrifices fianncially/career wise to protect this exact demographic so only fair really.
And their retirement age will be 70+ and final salary schemes all shut down
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Well, quite.
Amazon shares this year +60%
Almost like we've gone online being stuck at home or something
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It gets crazier by the day. Tesla up another 10% to $1,340. JPM upped their price target from $275 to $295.
Someone who lies about the little things will lie about the big things too.
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