Trading the stockmarket (NO Referrals)

[Skeptic]

Took a couple of £k profits on AA. Plenty more upside I expect, but if you check #aa on twitter you will see a lot of pumping now. People selling into the rise. I like the co’, but think there will be another buying opportunity over the next period of time.

Still, 50% in a couple of days is not to be sniffed at, even if it goes up more! Profits is profits. Now, the sensible play is to spend it on something valuable, but on the other hand...

 

[kiteloopy]

This morning I've bought Genedrive a few Tils, and AA. Shorts are closing on AA and looking good at the moment. Genedrive look to be the next NCYT imo.

Not sure where I saw them but I got into Genedrive last July. I'm up 200% this morning and im not quite sure what to do with myself. All my other holdings are in the red but Genedrive has kept me in the blue. I'm thinking of cashing out while im in the clear.

I'm pretty sure Genedrive investment was a random punt to be honest.

 

[Skeptic]

Nobody went broke taking their profits good sir. Greed is the enemy of gains! If you have 200% on something, just think rationally. This is not a recommendation, more an objective observer giving commentary...

 

[kiteloopy]

I've just sold my initial investment, so anything I have now is neutral/profits.

 

[dowie]

I think it's fair to say that technical analysis in stock trading will only work in some cases

Would those cases be "with hindsight"

You can use technical analysis to gauge the FX market and look at the dollar index which has a direct relationship with the value of gold which people trade on technicals (as well as fundamentals) which causes cash flows in and out which end up back in or out of the stocks....

While the idea of trading based on price and volume data alone isn't necessarily too whacky and can be done successfully lots of what falls under "technical analysis" is just pseudoscientific BS.

Lots of it tends to involve making subjective decisions re: chart patterns or drawing magical lines etc.. and with a bit of magical thinking thrown in re: numbers "Fibonacci" etc...

It's like a LARPer version of statistics.

 

[Vanilla]

Would those cases be "with hindsight"

While the idea of trading based on price and volume data alone isn't necessarily too whacky and can be done successfully lots of what falls under "technical analysis" is just pseudoscientific BS.

Lots of it tends to involve making subjective decisions re: chart patterns or drawing magical lines etc.. and with a bit of magical thinking thrown in re: numbers "Fibonacci" etc...

It's like a LARPer version of statistics.

but there is clearly a candle stick cup with handle with possible evening star pattern!!!

 

[Skeptic]

GSK RNS

Sanofi and GSK to join forces in unprecedented vaccine collaboration to fight COVID-19

Companies to combine innovative technologies to develop an adjuvanted COVID-19 vaccine

Candidate vaccine expected to enter clinical trials in the second half of 2020 and, if successful, to be available in the second half of 2021

Sanofi and GSK today announce that they have signed a letter of intent to enter into a collaboration to develop an adjuvanted vaccine for COVID-19, using innovative technology from both companies, to help address the ongoing pandemic.

Sanofi will contribute its S-protein COVID-19 antigen, which is based on recombinant DNA technology. This technology has produced an exact genetic match to proteins found on the surface of the virus, and the DNA sequence encoding this antigen produced an exact genetic match to proteins found on the surface of the virus, and the DNA sequence encoding this antigen has been combined into the DNA of the baculovirus expression platform, the basis of Sanofi's licensed recombinant influenza product in the US.

GSK a good bet right now. Don't expect massive jumps, but a long-term play.

 

[scerbera]

I've just sold my initial investment, so anything I have now is neutral/profits.

excellent

 

[Richdog]

Nobody went broke taking their profits good sir. Greed is the enemy of gains! If you have 200% on something, just think rationally. This is not a recommendation, more an objective observer giving commentary...

I would agree with this. If your intention is to trade in specific stocks on a short term basis then set targets and cash in when those targets are met. I would have had a lot more gains if I had followed that advice at the start.

 

[englishpremier]

Did anyone else get in on Pluristem Therapeutics Inc (PSTI) after their tests in Isreal treated 6 patients of COVID19 with stem cell therapy? I go in initially, then they had a slight drop, but are no testing in the USA. The price shot up again.

They have said there will be no more news on these types of tests though, until a proper clinical trial has been carried out later. That is still some time away.

 

[Skeptic]

AAZ up around 15% today alone. Good day at the office for me!

Going to take some profit from AAZ and buy more within my ISA...

 

[Minusorange]

Interesting seeing futures up, I would have expected them to be down after Trumps campaign propaganda briefing last night, I guess they're looking forward to his reopening the country 1st May

 

[Richdog]

OMFG these gains... painful to watch.

 

[Skeptic]

OMFG these gains... painful to watch.

I’m pretty convinced that everybody knows that this is all artificial. Donald Pump has done his bit. I’m still bearish on the market as a whole, bullish on some stocks.

I fully expect the markets to retest the lows. What is the current ‘rally’ built on - sentiment?! JPM results today would seem to confirm the SHTF very soon.

 

[Richdog]

I’m pretty convinced that everybody knows that this is all artificial. Donald Pump has done his bit. I’m still bearish on the market as a whole, bullish on some stocks.

I fully expect the markets to retest the lows. What is the current ‘rally’ built on - sentiment?! JPM results today would seem to confirm the SHTF very soon.

Yeah it makes no sense to me other than a form of market mania fuelled by short-term optimism and cash injections. But what the hell do I know, that's just my inexpert view... *shrugs*

It just sucks that I didn't trust my judgement and invest when I knew I should have. However meh, no use wasting time on regrets... I'll look to the next slide and set strict targets.

 

[Skeptic]

SPY 2900-2950 tops. If you make money from this purely speculative prediction then buy me a beer!

If you are cash-gang, you haven’t missed the opportunity IMO.

Lots of major money-making opportunities in individual shares too!

 

[Skeptic]

Added a small top up to GDWN - they beat the Spanish Flu, why not this!?

 

[bjorkiii]

Cruise companies are jumping up? Seems a strange one. Do they cover your drinks and food bill and cancel your debts as your dying on the floating prisons.

 

[Minusorange]

Cruise companies are jumping up? Seems a strange one. Do they cover your drinks and food bill and cancel your debts as your dying on the floating prisons.

Just had a look on Carnival's site, they're taking bookings from May onwards so I presume they're expecting to be open for business from 1st May thanks to Supreme Leader Donald

I don't really see anybody wanting to go on a cruise though even if the economy reopens until there's a cure for this virus and good luck getting insurance, I guess the market is priced in for 2021/22 ?

 

[Richdog]

We are heading for bib subsequent waves of infections the moment we open everything up and people rush out to lap it up. No vaccine or mass immunity will make COVID a constant thread from breaking out for the next months imo.