Trading the stockmarket (NO Referrals)

[silversurfer]

in USA its trouble if the stock drops below a dollar. EGO did this also, the rise since is more about progress and gold rising not shares in issue mattering. In this country RBS did it, price goes up 10x you then own just 1/10 of your prior shares

CHK is very iffy because they owe so much in debt, the stock is chained to the liquidity of the company. They have tons of assets but little profit exactly, they used to own the pipelines but its revenue is already gone in prior deals.
The bond holders are the real owners not the stock holders is something we've seen before but I wouldnt say I know how it ends except gravity is with the debt.
Famous company, the old CEO was a champion deal maker but he is passed. ET or WMB is more reasonable with lots of homework. The natural gas price itself was already low, its really not been as bad as oil in its drop I guess.

The real story is demand needs to be higher and its not, that was true prior to the virus and now.. I still count oil and gas as perfectly valid, CHK has the problem it has not the time to wait it out.

Its going to be a repeated story, any debt owed will come back to dollar depreciation and general monetary policy. Can you service it meanwhile then fine, if you cant then a firm who can will I expect benefit in the end possibly they buy up these stricken firms.
Japan gov debt is in theory broke, insolvent and unable to pay, Greece, even USA cannot pay all that debt if rates went to 5% which is normal scenario. So what happens is the cash value will be destroyed in a soft default, UK did it in the 70's so its not a wild theory it'll happen again I guess.

I am still holding off buying anything, as I think the aftermath of the virus will be terrible. and worse than the virus itself.

We didnt even reach 2016 prices so yep but also the value of cash is falling even year, no graph accounts for that afaik.

https://seekingalpha.com/article/43...ampaign=rta-author-article&utm_content=link-0

 

[Simon]

£1k I've sold them and it's in my account.

How ?

https://investorplace.com/2020/04/chk-stock-reverse-split-from-weakness/

 

[jesus2nd]

How ?

https://investorplace.com/2020/04/chk-stock-reverse-split-from-weakness/

Like I say mate, I literally just play about with this stuff and don't know any technicals. I'll see if I can grab a screenshot

 

[Simon]

They are an oil company and they haven't gone up 15x in this environment. Sounds like your broker has made an error. You should have 200x less shares now

 

[Skeptic]

Savage day out there. Only green for today is AZN. Still up on AAZ, GSK, CAML. AA has had a mare, still think it has legs but perhaps a victim of the wider market turbulence.

 

[jesus2nd]

They are an oil company and they haven't gone up 15x in this environment. Sounds like your broker has made an error. You should have 200x less shares now

Haha well I'm which case what do you recommend I do?

Edit: Tried and failed to upload a screeny, withdrawal request submitted regardless

 

[Minusorange]

https://markets.businessinsider.com...rs-buying-zoom-technologies-2019-4-1028122561 - From 2019

https://finance.yahoo.com/news/zoom-stock-zm-stock-confusion-171337120.html

Seems like the idiots did it again, buying up the wrong stock, explains why markets make no sense because people have no clue what they're buying

 

[Russinating]

That's brilliant. How many ZOOM directors sold holdings over the last few weeks?

Can't believe the SEC suspended trading in them. Free market huh!

 

[Simon]

Something similar happened with drop box and box a while ago

 

[keylion]

Wondering if anyone else is tracking LSE:AAF? I'm waiting for the inevitable African fallout for a large buy in, largest telecommunications provider in the continent, high yield/high growth and slowly managing its debt.

AAF is on my watchlist too. I'm not doing anything yet but it could be a good buy in the future.

 

[caff]

I'm a Zoom investor (ZM not ZOOM) and interested to see how this gains or drops in the next couple of months. I can see a lot of people adopting it - not just business users, but family/friends - but I'm sure the bubble will pop soon.

 

[Simon]

Is Zoom making any extra money from all these new members. Or just paying more to hosts run it’s service ?

 

[Skeptic]

AAZ up again today around 7%. Up around 40% since I mentioned it first in this thread! Lots of weakness out there in the market today, but futures are up - lord knows why!?

 

[tlrBeta]

Is Zoom making any extra money from all these new members. Or just paying more to hosts run it’s service ?

That's the question that is TBC.

Currently, me and you can sign up and get 40 minutes free before a disconnect. However, I'm lead to believe that a lot of Asia countries schools and businesses have started/re-introducing zoom after the latest security patch.

I'm still in with Zoom for a small amount, I purchased late on the jump so it's good to see a recovery of where I got in at. However, whether they will creep higher? Will the whole trump "we will be open again shortly" have an impact? Who knows

 

[Ironic Namesake]

Is Zoom making any extra money from all these new members. Or just paying more to hosts run it’s service ?

I'd imagine it's the latter ... a huge % of the new users as far as I know, are using the service for free

The companies that are paying have the odd 1-2-3 hour meetings.

Many schools that are using it, are holding every lesson through it - many hours per day, lots of bandwidth.

I'm still short on it, and it's volatile so there's some income to be made selling puts against my short too ($125 put so 20% away from my sale price a month away gets you $3.70 income ...)

 

[AKAK]

I bought into AAZ yesterday and picked up AA today. Happy to hold them for a while if needed.

Really need to setup a cheaper broker than HL.

Also interested in fund suggestions for long term growth. Currently have Fundsmith equity, CFP Buffettology & a FTSE250 passive.

 

[keylion]

Really need to setup a cheaper broker than HL.

I know what you mean, I'm doing way more trading than I thought I would. At the outset my plan was to buy decent dividend payers and leave it at that but I've ended up doing a bit of averaging down and short-term holds and the fees really mount up so I'm on the lookout for another provider.

 

[Ironic Namesake]

I know what you mean, I'm doing way more trading than I thought I would. At the outset my plan was to buy decent dividend payers and leave it at that but I've ended up doing a bit of averaging down and short-term holds and the fees really mount up so I'm on the lookout for another provider.

IBKR is fantastic broker IMO - especially if you want to trade internationally as well.

Not sure what HL fees are like, UK stocks are £6 per trade up to 50k, £6 + 0.05% for over £50k

 

[keylion]

IBKR is fantastic broker IMO - especially if you want to trade internationally as well.

Not sure what HL fees are like, UK stocks are £6 per trade up to 50k, £6 + 0.05% for over £50k

Thanks, I'd never heard of them but I'll take a look. HL starts at £11.95 per trade but gets cheaper the more trades you do. There is also an annual fee.

 

[x3n]

I know what you mean, I'm doing way more trading than I thought I would. At the outset my plan was to buy decent dividend payers and leave it at that but I've ended up doing a bit of averaging down and short-term holds and the fees really mount up so I'm on the lookout for another provider.

Why not go with Trading212? That's the exact reason why I signed up with them, unlimited free trades (day trading isn't allowed with the ISA accounts though). They don't have an unlimited selection of stocks right now, but I was interested in a niche smallcap biotech company listed on NASDAQ which wasn't available so I emailed them about it - couple hours later I got a reply saying they're happy to do so and to keep an eye on the "new on Trading212" section for when it appears.