Trading the stockmarket (NO Referrals)

Skeptic said:
Surely you recognise that this market is overbought now!? I know predicting the market is a fool’s game but c’mon man, this can’t be sustainable.
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It was overbought a year ago, it's massively overbought now given the deadly virus but it appears to not follow logic or reason, maybe we'll retest the low, maybe we won't I don't think anyone has a clue what is going to happen :)
 
I have got out of everything today. It's far to scary to watch your savings go up and down like that. I know it wasn't a great time to do so. Should have sold yesterday as I was up £300 but now I have made a loss of £180 overall.
 
timmothy said:
I have got out of everything today. It's far to scary to watch your savings go up and down like that. I know it wasn't a great time to do so. Should have sold yesterday as I was up £300 but now I have made a loss of £180 overall.
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What was in your portfolio? Today seems like a good day to buy Greggs... If you are of the opinion that its a good medium/long term hold. AA too.

Even AAZ is down now...
 
Yucca said:
What was in your portfolio? Today seems like a good day to buy Greggs... If you are of the opinion that its a good medium/long term hold. AA too.

Even AAZ is down now...
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I have added to Greggs today. If the UK economy has 'shrunk at its fastest pace since 2008' and Greggs has only dropped in line with the rest of the market, it screams buy to me. Every share is down today, or thereabouts. Selling today was, I'd think, a pretty big mistake. It may go lower, but surely the thinking money has to recognise its potential over a medium to long term?

AAZ suffers from liquidity problems. I have approx 20k (in money, not shares) there and if I were to sell it would probably impact the share price. Not dramatically, but enough.

What this means is that most shareholders are LTH, and don't buy and sell on news, but instead hold for the divi and potential capital growth. There were probably a few traders in, hoping for a quick profit on this update. When this didn't happen, they probably sold, hence the drop. Small share sells and buys move the price.

Don't forget, a big chunk is also owned by the BOD so their interests are aligned with ours. As ever, DYOR, but an increase in dividend when even the biggest companies int he world have cancelled theirs, again makes this a buy and hold for me.
 
Skeptic said:
I have added to Greggs today. If the UK economy has 'shrunk at its fastest pace since 2008' and Greggs has only dropped in line with the rest of the market, it screams buy to me. Every share is down today, or thereabouts. Selling today was, I'd think, a pretty big mistake. It may go lower, but surely the thinking money has to recognise its potential over a medium to long term?
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Are there any other companies you have purchased today based on the above thoughts? Be interesting to know what you hold, if you dont mind.
 
My holdings (as % of overall portfolio).

#AAZ - 10% ish
#CAML - 10% ish
#GRG - 5% ish
#LGEN - 5% ish
#GDWN - 2% ish
FTSE Global All-Cap - 5%
Cash - the rest, but will look to buy more global all cap.

Previous holder, and would hold again without hesitation. Sold mostly to redistribute profits into other positions.

#GSK
#AZN
#AV

Riskier plays, but still think the fundamentals are good. Hold every now and then:

#AA - trade it though...very volatile.
#DOM (pizza!)
#AVON - I like this but it's a bit of a fintwit favourite which is not good, same for #shi. They will pump you and dump you all day long.

Things which I'm ok missing out on:

Oil recovery plays
Airline recovery plays
Covid19 meme stocks - #HEMO #DDDD etc Could make a million, or lose it all.
 
timmothy said:
I have got out of everything today. It's far to scary to watch your savings go up and down like that. I know it wasn't a great time to do so. Should have sold yesterday as I was up £300 but now I have made a loss of £180 overall.
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If having a paper loss of £180 is scary then you shouldn't be in the stock market. Things don't go up in straight line and unless you're a day trader, don't look at your stocks everyday...especially on red days.
 
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smokedog said:
If having a paper loss of £180 is scary then you shouldn't be in the stock market. Things don't go up in straight line and unless you're a day trader, don't look at your stocks everyday...especially on red days.
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Not on green days either - made the mistake of selling too soon, too often. (rolleyes)
 
VOD is up, so long as market agrees with me on something its ok. I trimmed some gold fund as everytime it rises Im over balanced and its risen a good amount now.

AAZ is only a tiddler, spread is too much to expect to trade its volatility like that. Do Barrick, they doubled and its the largest gold miner in the world so far as I know its much less risk. All the commodities can move 10% in a day, not usually but expect it sooner or later. Going forward its going to happen again.
If AAZ can stay above 120 then sure its bullish, it seems fair to hold and if the news and mine progress looking good. It was last I listened but thats a guess. If it can sell off a bit, perhaps with gold itself then 90-100 would be nicer to add it. Theres a gap in the chart volume, an 'airpocket' it can happen & would be good even because gold is fine long term.

Figured this is relevant enough to post and also Carl Icahn is a legend, some guys are worth listening to because they seen it all before. Not saying either vid is perfect but I always watch the usa media:
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