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twinturboz said:
To be honest as a long term Apple holder I'm all for it. There isn't a lot there that I would disagree with, although where he pulled that $203 figure from no idea.
Maybe I'm holding a totally biased view but it always seemed to be Wall St has treated Apple differently it doesn't command the same P/E as it's peers. Constantly gets beat down on good earnings while others have poor earnings and get rewarded.
It's because the market does not understand Apple. And that is because Apple is a design company, not a tech company but most cannot see or understand that. It is lead by artists, not scientists. This gives investors the jitters because unlike companies like IBM, Oracle, Microsofts who work in logical and predictable ways with long and deeply entrenched relationships with big business, Apple relies on creating great products, and it's difficult to define what makes a great product, so the thought tends to be that the iPhone (and iPod, Mac etc) was 'just a fluke' and will be impossible to repeat. And where's the future revenue going to come from if it was a fluke (and with investors and share price it's all about future revenue and growth).Maybe I'm holding a totally biased view but it always seemed to be Wall St has treated Apple differently it doesn't command the same P/E as it's peers. Constantly gets beat down on good earnings while others have poor earnings and get rewarded.
Anyone in CRV? Some interesting news late on Friday, would welcome any thoughts?
"The Company announces that it was informed today, that Mr. Evan Kalimtgis acquired 75,000,000 ordinary shares of 0.1p on 8th September 2014. Mr. Kalimtgis holds 75,000,000 ordinary shares, representing 9.39% of the issued share capital of the Company."
"The Company announces that it was informed today, that Mr. Evan Kalimtgis acquired 75,000,000 ordinary shares of 0.1p on 8th September 2014. Mr. Kalimtgis holds 75,000,000 ordinary shares, representing 9.39% of the issued share capital of the Company."
MBLY has dropped circa 10% 2 days in a row... Jeez I hate this game sometimes.
My US stocks have collectively lost roughly 20-25% in the last 2 weeks. Damn the Fed.
PS... every cloud has a silver lining...Twinturboz... GPRO... how happy are we!?
My US stocks have collectively lost roughly 20-25% in the last 2 weeks. Damn the Fed.
PS... every cloud has a silver lining...Twinturboz... GPRO... how happy are we!?
Edited by AOK on Monday 13th October 15:46
AOK said:
MBLY has dropped circa 10% 2 days in a row... Jeez I hate this game sometimes.
My US stocks have collectively lost roughly 20-25% in the last 2 weeks. Damn the Fed.
PS... every cloud has a silver lining...Twinturboz... GPRO... how happy are we!?
Yup cleared out @ 74 and flipped long for a quick bounce into 80 hopefully. Not a nice trade as could have been had a fair bit to pay in borrow fees, but profit none the less. My US stocks have collectively lost roughly 20-25% in the last 2 weeks. Damn the Fed.
PS... every cloud has a silver lining...Twinturboz... GPRO... how happy are we!?
Edited by AOK on Monday 13th October 15:46
Other than that taking a very risky strategy and bought Nflx,Googl,Upro,Twtr,Iwm and some Spy my thinking being were close to a short term bottom. Plan is to sell out of all these positions on the next rip upwards, maybe see the S&P getting back to 1970ish. After that will be looking to get net short think the move that then comes will take us much lower.
twinturboz said:
...the move that then comes will take us much lower.
What's your thinking here TT? Fed will increase interest rates and that will have a negative effect? Or is this because the US economy's growth will be slowed by Europe and China etc?I'm out of everything at the moment (except my long term/ pension stuff, which I am not worried about) apart from my own company's stock (NYSE:MDR), which has taken a battering the last few weeks! Tempted to buy more and average down as I am 65-70% down on this one (3 years later) but am certain of a recovery over the next 3-5 years.
I tend to follow price action and technicals so take my theory with a pinch of salt, my opinion could change quickly.
Everything you mentioned could well apply, theres a lot of doom and gloom going around right now, eurozone is weak, talk of Germany being on the brink of another recession, fed etc. There's also the argument that every market crash tends to occur 65 months in. Could well be a 2011 again where the eurozone damaged the US recovery who knows.
But ignoring all that if you look at recent action, the S&P 500 broke some long term trendlines last week and more or less tagged the 200 day, something it hasn't done for 2 years. For now we're on the right side of the trendline which is not a good place to be. Also the Russell 2000 is showing signs of topping, whatever the case you probably agree that the market changed character last week.
It's not just the US, Stoxx 600 dropped 4%, Dax was down about 4%, Ftse was down 3%ish, CAC40 down 5%.
As you probably know we've had a few of these dips in the last 2 years and each time with hindsight has turned out to be a buy the dip, I'm not saying I think were on to a big market crash but if we don't hold the 200 day today then I think a 10% correction is a possibility. The specific reason for my thinking of a bounce apart from the fact we are extremely oversold short term, is looking at a possible head and shoulders pattern on the S&P, seems we've already formed a left shoulder and head and if the pattern does form then the next bounce should form the right shoulder so maybe a bounce to 1940-1970 in the next few weeks and then eventually a break down to about 1800.
But all of that could just as easily not happen and maybe we bounce here and make new highs as has been the usual pattern. Current action seems to be a day traders market, swings one way and just as rapidly changes direction and goes the other chopping up both longs and shorts, tricky market to trade.
Everything you mentioned could well apply, theres a lot of doom and gloom going around right now, eurozone is weak, talk of Germany being on the brink of another recession, fed etc. There's also the argument that every market crash tends to occur 65 months in. Could well be a 2011 again where the eurozone damaged the US recovery who knows.
But ignoring all that if you look at recent action, the S&P 500 broke some long term trendlines last week and more or less tagged the 200 day, something it hasn't done for 2 years. For now we're on the right side of the trendline which is not a good place to be. Also the Russell 2000 is showing signs of topping, whatever the case you probably agree that the market changed character last week.
It's not just the US, Stoxx 600 dropped 4%, Dax was down about 4%, Ftse was down 3%ish, CAC40 down 5%.
As you probably know we've had a few of these dips in the last 2 years and each time with hindsight has turned out to be a buy the dip, I'm not saying I think were on to a big market crash but if we don't hold the 200 day today then I think a 10% correction is a possibility. The specific reason for my thinking of a bounce apart from the fact we are extremely oversold short term, is looking at a possible head and shoulders pattern on the S&P, seems we've already formed a left shoulder and head and if the pattern does form then the next bounce should form the right shoulder so maybe a bounce to 1940-1970 in the next few weeks and then eventually a break down to about 1800.
But all of that could just as easily not happen and maybe we bounce here and make new highs as has been the usual pattern. Current action seems to be a day traders market, swings one way and just as rapidly changes direction and goes the other chopping up both longs and shorts, tricky market to trade.
twinturboz said:
Bit quiet in here. Everyone surviving the recent battering?
No 
People are normally a lot more talkative when they're winning, you never hear from people when they're losing money (that's what my wife says).To make things worse, I pulled out of a long VIX position before it shot up
twinturboz said:
Bit quiet in here. Everyone surviving the recent battering?
4% or so of my retirement fund appears to have been eroded over the last few weeks... Still, I have another 6 or 7 years for that to come back!Else, being out of the markets for the last couple of months (on my short term stuff) has meant I've felt no immediate pain.
I am tempted by a couple of trackers now but have no spare cash post US -> UK move
Having said that, McDermott has taken a battering beyond even the current market drops and my $25k (2011) in there has become more like $7k!
https://www.google.co.uk/finance?q=NYSE%3AMDR&...
I'd like to buy some more, in all honesty, to average down as I am confident of a turnaround or takeover (and an upswing in oil prices) in the next say 5 years but, again, have no spare cash!
I'm still in QPP. Have mentally written that money off.
It's either going to completely collapse and be worth nothing or be entirely genuine and skyrocket. At the moment it's anybodies guess as to what will happen, but sentiment seems to be (from those trading shares at least) of uncertainty.
If it is all genuine, and I will give them the benefit of doubt that it is, the market cap is almost £550m with an annual turnover of almost £800m. Is a crazy cheap price!
It's either going to completely collapse and be worth nothing or be entirely genuine and skyrocket. At the moment it's anybodies guess as to what will happen, but sentiment seems to be (from those trading shares at least) of uncertainty.
If it is all genuine, and I will give them the benefit of doubt that it is, the market cap is almost £550m with an annual turnover of almost £800m. Is a crazy cheap price!
I am watching with interest. Interesting article and commentary on the law gazette website but for the reasons I posted earlier in the thread I am hugely dismissive of their forecast profits based on their proposed conversion rates and reliance on one area of work (which has historically had far lower conversion/success figures and also takes twice/three times as long as Quindell have accounted for to turn from work in progress to cash).
I simply cannot see how they will preserve cash flow, even if they have snuck a change to pay date for staff in via the back door (again, I don't like the whiff around this...).
I simply cannot see how they will preserve cash flow, even if they have snuck a change to pay date for staff in via the back door (again, I don't like the whiff around this...).
leemanning said:
I'm still in QPP. Have mentally written that money off.
It's either going to completely collapse and be worth nothing or be entirely genuine and skyrocket. At the moment it's anybodies guess as to what will happen, but sentiment seems to be (from those trading shares at least) of uncertainty.
If it is all genuine, and I will give them the benefit of doubt that it is, the market cap is almost £550m with an annual turnover of almost £800m. Is a crazy cheap price!
I think the issue is that a lot of that turnover comes from QPP subsidiary companies, which QPP granted shares to, in order to sell to create the money to generate turnover for QPP...It's either going to completely collapse and be worth nothing or be entirely genuine and skyrocket. At the moment it's anybodies guess as to what will happen, but sentiment seems to be (from those trading shares at least) of uncertainty.
If it is all genuine, and I will give them the benefit of doubt that it is, the market cap is almost £550m with an annual turnover of almost £800m. Is a crazy cheap price!
If it's legitimate, they've done a very good job making it appear anything but.
In other news - I'm getting absolutely hammered by the markets this week, particularly miners and oil (and worse, one company in BOTH). I want to see the Saudis start squeezing supply but don't really see it happening any time soon.
traxx said:
Crap few days tbh
btw any of you seen any good analysis of where Shire stands now?
Just want to try and work out what would be a good entry price once the markets slow down again
Hi. Several huge funds with battered, huge holdings. I'd be wary of entering while they still hold; with the reverse takeover off the cards and the SP 20% down, having been much inflated on the back of expectations of such a deal, they may well wish to exit.btw any of you seen any good analysis of where Shire stands now?
Just want to try and work out what would be a good entry price once the markets slow down again
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