A toddler indeed but a big slice of a small pie is the same as a small slice from a big!
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
A toddler indeed but a big slice of a small pie is the same as a small slice from a big!
What's everyone's opinion on Ocado? It's been on a ridiculously steady rise for a while now. I bought a little at £16.70 and feared I might be buying high, but it's just kept going up to the point I'm tempted to buy some more even at nearly £21.
Associate
- Joined
- 25 Aug 2008
- Posts
- 947
Ocado's over performing in my opinion, what reason do you think it will increase further?
I think I agree with you to be honest. Although profits are up and they'll probably hold on to some of that increased custom long term, once corona recedes they'll surely come back down somewhat. I guess the unanswerable question is when that will be. Next month? Q3? Next year?
That said it has seemed to shrug off much of the uncertainty of the last few weeks and there could be some decent returns in the shortish term.
Soldato
These kind of things I always judge by my own experiences, rightly or wrongly, although acknowledging that's not the whole market.
The only people I know that have ordered with Ocado were already regular Ocado customers. Most people I know are still shopping as 'normal', and I'm/we're their target market; upper middle class. The vast majority of households won't be/can't afford to use Ocado, and I see far more ASDA delivery vans about generally anyway. As per the Greggs sentiments re: recession, are Ocado or Aldi/Lidl/Asda etc going to fair better?
The only people I know that have ordered with Ocado were already regular Ocado customers. Most people I know are still shopping as 'normal', and I'm/we're their target market; upper middle class. The vast majority of households won't be/can't afford to use Ocado, and I see far more ASDA delivery vans about generally anyway. As per the Greggs sentiments re: recession, are Ocado or Aldi/Lidl/Asda etc going to fair better?
Well it looks like it was a good idea to get out yesterday. I risked it and bought 15000 AA shares at 23. The platform 212 are terrible as this morning straight away it was trading 24.3 but they would only give me 23.3. I sold out quickly as I noticed on Google tracking it was going down. Pleased I did as it's now dropped massively. It's brought my losses down overall and now I'm out fully. Good luck to you all.
Last edited:
I think the thesis for ocado is plausible (I.e an uptick of online orders and their infrastructure etc), but in some respects the same could be said of Amazon and they didn't have the bumper earnings we'd have hoped for...that's a risk for ocado too I think, but have been wrong before.
Grg still only the downward trend but not unconvinced my thesis is wrong. It's only a small position for me, but don't want it to be a disaster!
lgen as above. I think it fair to say recent economic developments have been sub optimal!
Soldato
The same can be said of all the major supermarkets though; ASDA, Tesco and Sainsbury's. They all do deliveries, with the addition of click and collect. Everyone I know ordering via Ocado has had to wait 2+ weeks for a delivery slot so they don't appear to be in any better position.
The only supermarkets who don't (currently) do delivery and click and collect are the budgets; Aldi, Lidl, Iceland etc and I wouldn't be betting against them at the moment either...
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
Iceland do deliveries. It's possibly farmfoods you are thinking of and B&M.
Soldato
I think they're trying had to prioritise existing customers so maybe that has an impact? I've had emails guaranteeing me at least 1 slot a week and when i log in i usually have plenty of options.
However i switched from Ocado to Waitrose a few months back and Waitrose have been really poor for slots and seem to be really struggling.
I'm out now.
Made a small loss.
Not going back in.
New reports coming out about infection rates and death rates in France do not make for pretty reading.
In fact they make for horrifying reading
Something like 5 percent of population have had it? Scales up to some nasty numbers
Was mainly in banking on the spread of disease being higher than what it is
Made a small loss.
Not going back in.
New reports coming out about infection rates and death rates in France do not make for pretty reading.
In fact they make for horrifying reading
Something like 5 percent of population have had it? Scales up to some nasty numbers
Was mainly in banking on the spread of disease being higher than what it is
Sorry for your loss. Trading on the news is really a poor choice (objectively) but can’t take out the emotion of the thing during these difficult times.
I am really liking some of the prices I see today for a short term trade.
AA having a mare for current holders, but today might be a good trading price?
I am really liking some of the prices I see today for a short term trade.
AA having a mare for current holders, but today might be a good trading price?
Lots of #caml news out soon. Expecting them to review decision to stop divi, given the mine hasn’t been closed. Would likely cause an uptick so again might be a reasonable trading price today. I might buy in a separate amount to my LTH just for the trade.
Associate
Buy now and sell at 25-27?
SPY gonna drill today...fair play.
I think there’s two chances here: a short term bounce - the market is having a terrible day in general - and the longer term recovery play. I think this is really undervalued at the current price. Whether it has lower to go is hard to predict given the wider uncertainty but It was 27 ish a few weeks back - what’s changed? I might have a nibble but finding better value in those companies brought down for no valid reason to my eye. LGEN being a perfect example - trillions of pounds of assets, major financial player across the piste and down 6pc today. Didn’t get the timing right the other day but likely to top up at this rate.
Associate
Picked up 2k AA @ 18.82. Thought it seemed cheap based on the last few weeks. Its as low as it was before the recent bull run. Though Im not sure long term they will be 'unaffected' by Covid. When everyone has a flat battery, im sure the number of call outs will be very high costing them money.
Also purchased a but of steady defensive utilities. Pennon @ 1.10 and @ 2.379. Looking to hold these long term so the last couple days drop seemed like an oppertunity to pick a bit up.
Looking to pound cost average over serveral buys so not big money on any of them.
I welcome any thoughts.
Does anyone use Stockopedia for research/figures?
Also purchased a but of steady defensive utilities. Pennon @ 1.10 and @ 2.379. Looking to hold these long term so the last couple days drop seemed like an oppertunity to pick a bit up.
Looking to pound cost average over serveral buys so not big money on any of them.
I welcome any thoughts.
Does anyone use Stockopedia for research/figures?
Has anyone been able to contact 212 at all? I put in a withdrawal request 3 days ago. It still hasn't been processed. Last time I did it three weeks ago it was done the next day. The chat option has now been removed from my account and no one is replying to my emails. It says 24/7 support which should actually be removed from their site if this is how things are.
I've been trading in the Foreign Exchange market since Feb last year. Took me about 6 months to properly find my feet and now it's great! The extra income I'm making basically covers all my bills so my wage stays untouched 
Don't have the balls to quit work and do this full time though hahaha
Don't have the balls to quit work and do this full time though hahaha