Trading the stockmarket (NO Referrals)

[Joe Jones]

Shell is up %40 since Monday....

I've closed my positions taking small profits here and there on the assumption that the market is going to drop when the US realises that it can't just throw money at the situation and carry on mostly unaffected.

 

[Kanpai]

Shell is up %40 since Monday....

I've closed my positions taking small profits here and there

Ditto

 

[Skillmister]

FTSE up 5% now. Could have had 15% over the last two days - drops coming, for sure, but if ever proof was needed that you can’t predict market moves...

The FOMO is real right now

 

[Bes]

Lots of those that gained big yesterday (Gaming) are still up on the day again so far, but losing those gains slowly. I can see some people getting BADLY burned before the week is up.

 

[fredwi]

Oh it’s definitely going to come crashing down

The other thing that could be helping prices go up along with the US is it’s getting towards the end of the tax year so maybe people are making use of their allowance

just a hunch I got burned the other week

 

[Concrete]

I work in the games industry and currently its busy on a level I haven't seen for years, companies are rushing product to market and are hiring like crazy!

 

[Yucca]

Lots of those that gained big yesterday (Gaming) are still up on the day again so far, but losing those gains slowly. I can see some people getting BADLY burned before the week is up.

What kind of companies are you referring to please?

 

[Skillmister]

Nothing makes sense.

Halfords up 28%. Why?

Hollywood Bowl up 15%. Why? Surely they are all closed?

Aston Martin up 17%? Is everyone rushing out to buy one to social distance in?

Cineworld up another 13% after shooting up all week. Again, they are shut and we're on the brink of going under before COVID-19. Is it because closing is actually better for them financially?

 

[Bes]

888, GVC, WMH

 

[Fusion]

Market banking on Halfords (which is allowed to stay open) cribbing profits from other retailers which have been forced to close maybe?

 

[fredwi]

Nothing makes sense.

Halfords up 28%. Why?

Hollywood Bowl up 15%. Why? Surely they are all closed?

Aston Martin up 17%? Is everyone rushing out to buy one to social distance in?

Cineworld up another 13% after shooting up all week. Again, they are shut and we're on the brink of going under before COVID-19. Is it because closing is actually better for them financially?

maybe it’s because people might rush out to bowl and watch films

 

[Skeptic]

It might be because their business decisions suggest they will survive this shutdown; people have more confidence in the business model and BoD. It’s now perceived as worth more. Also, markets are forward looking; they know Q1 and Q2 are likely to be bad, but Q3 might be a boom for those businesses mentioned, hence the rise.

 

[Minusorange]

It might be because their business decisions suggest they will survive this shutdown; people have more confidence in the business model and BoD. It’s now perceived as worth more. Also, markets are forward looking; they know Q1 and Q2 are likely to be bad, but Q3 might be a boom for those businesses mentioned, hence the rise.

And if it goes to Q1 2021 like scientists have said is likely ? Also how are the 30%+ unemployed going to be spending money they don't have on the economy ?

 

[Skeptic]

Seems like a solid bit of DD there, get your shorts on! Retire by Xmas! I provided a reasonable argument as to why the market isn’t behaving as predictably as some might expect. You could be right too. I would be completely surprised if this runs on to 2021; why would it when the best minds in the world are on the case? I know, I know - ‘ethical’ approval of a treatment. It’s amazing how ethics take a back seat some times.

Trump has basically said screw the old people, let’s get back to work. Shows where the priorities are, I guess.

 

[Richdog]

Sold my NVDA for 20% profit, less than half of what it would have been pre-crisis but hey, better than nothing. Also added some more cash to my trading account so now I'm just going to sit tight and wait for the next slump...

 

[Minusorange]

You could be right too.

I wasn't saying you were wrong, just offering the other side of the coin, could go either way

 

[mixolyd]

I’d have thought these bounces are to be expected with the rumour then news of massive stimulus coming. Markets love to retrace following a drop.

Well done to those who turned profits on the bounce though - it takes some guts to play when there’s still a long, long way to go down!

 

[Simon]

I mess up a bank transfer for missed my entry into Bp

 

[Simon]

Double post. Sorry

 

[englishpremier]

I mess up a bank transfer for missed my entry into Bp

Sold BP this morning perhaps a little prematurely. A nice gain over the past two days.

Waiting for a little more of an increase before ditching Apple.

Sold my NVDA for 20% profit, less than half of what it would have been pre-crisis but hey, better than nothing. Also added some more cash to my trading account so now I'm just going to sit tight and wait for the next slump...

Still holding.