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DonkeyApple

55,291 posts

169 months

Friday 30th January 2015
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walm said:
trashbat said:
It surprises me that the media is basically uninterested in a multi-billion pound fraud with its amazing history.
100% agree.

Terry should be in jail.
If someone had mugged thousands of people out of literally millions there would be an outcry.

But somehow lying to your investors is perfectly legitimate.
The problem is that very many of the journos who cover small caps are on the books of specialist PR firms. In other words, they publish stories that are 'given' to them by PR entities that have no public face. So once again you are seeing people who would have their 'source' severed if they failed to tow the line sufficiently.

It's the same with the tipsters. They will be being fed by the machine.

AOK

2,297 posts

166 months

Friday 30th January 2015
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Mrs K said:
Hi everyone, first time poster here!

I bought shares in ABG African Barrick Gold about 3 years ago - they were £3.75 when I bought them. I have seen them go down to 90p and then back up to £3.20....... They have now changed name to Acacia Mining - code ACA last week they rose to £3.16...... they are currently dropping this week and are currently at £2.72......

Kicking myself I didn't sell at £3 + last week - I am happy to take a loss on them but at present they are just falling

Any advice on what you think might be happening with these shares?? I wonder if in your opinion they may recover a bit more

The stories have been bleak on Gold for a while but with recent events these shares have risen nicely the last month up until this week. Really wondering what others are doing / thinking when it comes to mining.

Thoughts please?

Edited by Mrs K on Thursday 29th January 12:14
What did you do in the end? Ended almost 4% up today!

Oakey

27,567 posts

216 months

Friday 30th January 2015
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trashbat said:
Well, that's basically Stockholm Syndrome, mixed in with groupthink and a whole bunch of other psychological failings, like making emotional bonds with financial decisions. I could probably write a passable book on it by now.

It surprises me that the media is basically uninterested in a multi-billion pound fraud with its amazing history, never mind the broader systemic corruption. Only the FT gives it any real time, and most of that comes from one Alphaville writer.

Of late, the more I see of UK regulation - and not just AIM - the more I worry about it.
Dunning Kruger effect maybe?

"The Dunning–Kruger effect is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than is accurate. This bias is attributed to a metacognitive inability of the unskilled to recognize their ineptitude"

DonkeyApple

55,291 posts

169 months

Friday 30th January 2015
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Oakey said:
trashbat said:
Well, that's basically Stockholm Syndrome, mixed in with groupthink and a whole bunch of other psychological failings, like making emotional bonds with financial decisions. I could probably write a passable book on it by now.

It surprises me that the media is basically uninterested in a multi-billion pound fraud with its amazing history, never mind the broader systemic corruption. Only the FT gives it any real time, and most of that comes from one Alphaville writer.

Of late, the more I see of UK regulation - and not just AIM - the more I worry about it.
Dunning Kruger effect maybe?

"The Dunning–Kruger effect is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than is accurate. This bias is attributed to a metacognitive inability of the unskilled to recognize their ineptitude"
They are definitely akin to those mental bints you watch outside a Yates' attacking the policemen who has just arrested the bloke who was beating her to smithereens. Maybe not as sophisticated or educated though.

twinturboz

1,278 posts

178 months

Thursday 5th February 2015
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Camera on a stick.....expecting good things. A blow out should set off a short squeeze, in line and I'm not so sure.
Twitter after the bell too, a 10% move probably.

Gpro halted but looks like a massive beat.

Edited by twinturboz on Thursday 5th February 21:08


Wow glad I ran in a/h complete dump. Hero to Zero.



Edited by twinturboz on Thursday 5th February 22:54

walm

10,609 posts

202 months

Friday 6th February 2015
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twinturboz said:
Wow glad I ran in a/h complete dump. Hero to Zero.
Fad stock.
As I mentioned way back when someone was calling for $100 by Christmas back when it motored through $80 IIRC.

Good to trade but not one for long term holders!

Just sometimes there are a boat load of people short for a reason.

walm

10,609 posts

202 months

Friday 6th February 2015
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Jesus, this is just sad...
DudefromGoPro said:
We're sure to see some incredible content in 2015
...seriously?
Give it up.
You are not a content company!
Fox is a content company.
Viacom is a content company.
Disney/Pixar is a content company.

You are a commodity product company.
Feel free to ask Blackberry, Nokia, Motorola, TomTom, Polaroid, and Kodak about their awesome "content".

twinturboz

1,278 posts

178 months

Friday 6th February 2015
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Bit of an irrational reaction though. On the face of it the earnings were actually great, sold 1000 units an hour through the quarter. If the dump is because the COO is leaving then it seems an overreaction. Next quarter guidance is probably sandbagged a bit setting them up to beat again.

walm

10,609 posts

202 months

Friday 6th February 2015
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twinturboz said:
Bit of an irrational reaction though.
Apple can sandbag the next Q because they have a solid history of beating their guidance.
This is a new IPO - management hasn't got any form.

I have no doubt it was a sandbag but when you are sitting on $10m of market cap per employee you kinda need hit everything out the park, including guidance.

twinturboz

1,278 posts

178 months

Friday 6th February 2015
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walm said:
Apple can sandbag the next Q because they have a solid history of beating their guidance.
This is a new IPO - management hasn't got any form.

I have no doubt it was a sandbag but when you are sitting on $10m of market cap per employee you kinda need hit everything out the park, including guidance.
Yup agreed although still seems a harsh reaction. Ok guidance was a bit light, earnings from what I can tell blew away most analysts expectations, Seems to me news of this COO resignation is what is keeping the stock down, or like you said the smart money sees something in this stock that I'm just not getting. Will be interesting to see how the shares act today.

AOK

2,297 posts

166 months

Friday 6th February 2015
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Can someone with clever software tell me what the 50day moving average is for GPRO?

I think if it recovers above $50 today, i might dip in for a few days as it treated me well last year! Wouldn't hold onto it as a long term though.

walm

10,609 posts

202 months

Friday 6th February 2015
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AOK said:
Can someone with clever software tell me what the 50day moving average is for GPRO?

I think if it recovers above $50 today, i might dip in for a few days as it treated me well last year! Wouldn't hold onto it as a long term though.
$60.49 (my clever software is called Google).
http://stockcharts.com/freecharts/gallery.html?GPR...

DonkeyApple

55,291 posts

169 months

Friday 6th February 2015
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twinturboz said:
walm said:
Apple can sandbag the next Q because they have a solid history of beating their guidance.
This is a new IPO - management hasn't got any form.

I have no doubt it was a sandbag but when you are sitting on $10m of market cap per employee you kinda need hit everything out the park, including guidance.
Yup agreed although still seems a harsh reaction. Ok guidance was a bit light, earnings from what I can tell blew away most analysts expectations, Seems to me news of this COO resignation is what is keeping the stock down, or like you said the smart money sees something in this stock that I'm just not getting. Will be interesting to see how the shares act today.
The market will be wanting another product. If you look back, Apple used to get a beating for 'just' selling a newer Walkman. Serious value was given to the stock when they proved they could add other products such as phones and very large MP3 players that could also access porn.

GPRO are under the microscope as there will be some fears that all they can and will ever make is a single luxury good that has no real barriers to entry.

But that's a more long term weight.

As a new issue the analysts' "expectations" will have been pretty much stage managed by the brokers so huge Q1 figures would be less of a surprise for GPRO than for an established firm like APPL. But the real driver must be someone quitting the Board. That just shows instability at the top which isn't good for a young firm especially.

All in, it's probably going to transpire to be a buying opportunity in this market.

TheLordJohn

5,746 posts

146 months

Friday 6th February 2015
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traxx

3,143 posts

222 months

Friday 6th February 2015
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walm said:
You are a commodity product company.
Feel free to ask Blackberry, Nokia, Motorola, TomTom, Polaroid, and Kodak about their awesome "content".
I think thats a good way of looking at it
I was at a shop today and they had the GoPro stuff next to 3 other competitor products - There is nothing that makes their product unique
Great marketing won't save them long-term when they can't differentiate the product

I'm also amazed that Apple haven seen how easy it would be for them to sell a camera product which would wirelessly link to the the iPhone - surely its got to be coming and that will be the end of GoPro imo


.... but of course thats all very long term and as with Tesla we can see that the price can go way back up before people see the light

gaz1234

5,233 posts

219 months

Saturday 7th February 2015
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Views on tesco, moni, sml, ukog, marl?

torqueofthedevil

2,074 posts

177 months

Saturday 7th February 2015
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Valuing companies -

A company I hold shares has seen its share price steadily rise for the last few years. It was placed well in its industry and in a resurgent market. The shareprice had been riau steadily for 3 years probably for this reason. During this time it has bearly made any profit off a big turnover. Profit probably 0.1 - 0.5 %. During this time. Industry isn't much better with a few similar and a few at around 3% maybe. Share price had recently dropped by about 35% because of a profit warning - a few legal suits will hit profits and presumably any cash in the bank etc. now I've not worked the CAPM out (not done that since uni) but how can they even value it at anything?? Other than extremely limited assets and cash in the bank - it has shown itself to make minuscule profits, now is facing big losses which presumably will take an age to pay back, and had demonstrated por management. How can the company be worth anything???

DonkeyApple

55,291 posts

169 months

Sunday 8th February 2015
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I'm not entirely sure I understand.

For example, who is 'they'?

It's the shareholders who define one value by the mid price between what buyers and sellers are willing to offer but that can be wildly different to say the valuation for the whole business. A disparity that increases as free float decreases. And is also a function of who the shareholders are.

So an AIM stock could (and often does) have a valuation defined by its share price which is totally dislocated from say the actual valuation of the business.

Can you explain any more?

gregf40

1,114 posts

116 months

Sunday 8th February 2015
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burwoodman said:
gregf40 said:
Pete102 said:
If you dont mind me asking, what is your rating on Amazon at the moment? Buy? Sell? Avoid?
I'd certainly have it as part of a portfolio. I think we will see 400 again in the next couple of months.

I'd personally avoid Facebook, Twitter, Netflix.
No offence gregg but as a play i would go short amazon and long babba . Ironically you mention other companies that make money and amazon doesn't. If you made some good cash early on good for yo but to suggest it's a winner is a bit tenuous
Just FYI since our posts BABA is down 20% (at $85)...AMZN is up 15% (at $375)

torqueofthedevil

2,074 posts

177 months

Sunday 8th February 2015
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DonkeyApple said:
I'm not entirely sure I understand.

For example, who is 'they'?

It's the shareholders who define one value by the mid price between what buyers and sellers are willing to offer but that can be wildly different to say the valuation for the whole business. A disparity that increases as free float decreases. And is also a function of who the shareholders are.

So an AIM stock could (and often does) have a valuation defined by its share price which is totally dislocated from say the actual valuation of the business.

Can you explain any more?
Buy "they" I meant shareholders.

I know the shareprice will be affected by those looking at short term investment - day traders - etc looking at patterns etc. but surely the general price that the share is approximately sitting at, is supposed to be a reflection of what that company is worth - if u take it back to its elements you are buying a share of the company. If that company can't make a profit and continues to fail to make a profit. Then at some point shareholders must begin to deem the business worthless (forgetting some assets and goodwill ect). The company I described looks like this, but it's market capitalisation is still in the 10's of millions.
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