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isee

3,713 posts

183 months

Tuesday 9th June 2015
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http://www.bbc.co.uk/news/technology-33052578

Gopro's abnormal profits are toast!
(and not just off the back of this particular product)

twinturboz

1,278 posts

178 months

Tuesday 9th June 2015
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Gpro up about 60% since that march low. Not that I fully understand the reasons why but probably moves into the low 60's soon. Some of that move has to be shorts getting squeezed out there was about 30-40% of the float short at one point.

jeff m2

2,060 posts

151 months

Tuesday 9th June 2015
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StangGT said:
So, the FTSE100 has dipped below 6800... should I be worried? time to sell sell sell, or just a wee blip?

Did you notice the lack of posts during the drop!

This is time all those where shall I stick my 100K threads should appear!!
When the FTSE 100 drops and brings down the prices of all shares, well most, this when you should be taking another look at something you didn't buy when things were good.
The fundamentals of individual companies has not changed, they just got cheaper.

Also maybe it's time to look beyond the 100, the 100 is a collection of companies that grew to become the hundred largest listed in London, but by investing in them once they are there you missed the growth. The dividends do compensate as long as the tracker passes enough through to you.

Take a peek at the FTSE 250.

It may also help to take a broader more diversified approach, Europe has begun Q.E. but has the uncertainty of Greece. The US will at some point raise the bank rate, but it will not do so until the Fed thinks it will not hit the S & P too much,in other words it will ensure the increase is already priced in to the market. Their method is to keep telling us that we're gonner increase, we're gonna increase until they shake out out all the loose money.

On the home front, your home front BCN.V (Bacanora) went up 46% yesterday to 2.05 Looney on 9 times volume on the news that they intend to become a mining companysmile, BCN.L was up 16% at 88P, so if you have some it looks as though there is further to go assuming the 2.05 holds in Canada.

bad company

18,582 posts

266 months

Tuesday 9th June 2015
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Well for better or worse I'm still buying albeit drip feeding £s in.

twinturboz

1,278 posts

178 months

Wednesday 10th June 2015
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Nflx gonna be an epic short soon.

twinturboz

1,278 posts

178 months

Thursday 11th June 2015
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Anyone holding Amberella? Just broke a technical level I got short a bit on break of $110

gregf40

1,114 posts

116 months

Thursday 11th June 2015
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twinturboz said:
Nflx gonna be an epic short soon.
People said that about Amazon 1...5...10... years ago...

It takes a brave/foolish person to short a company like NetFlix.

Let us know if/when you place the trade so we can see how it goes! wink

DonkeyApple

55,289 posts

169 months

Friday 12th June 2015
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red_slr said:
EZJ has further to fall or do we think this is it?
Throw up a 12 month chart against RyanAir and at the moment it looks like a monumental pairs trade.

shopper150

1,576 posts

194 months

Friday 12th June 2015
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twinturboz said:
Anyone holding Amberella? Just broke a technical level I got short a bit on break of $110
You're short? My opinion, not a good move. I think the stock is becoming more well known now....and people want a piece of the action.

theshrew

6,008 posts

184 months

Saturday 13th June 2015
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I haven't got any experience with shares or there trends if there is such a thing. I'm after a little advice.

As far as I'm aware Lloyds bank will be sold in the near future. If / when it does sell is it expected that the price will rise ?

Is that generally the case when this sort of situation ? If so do they jump up a lot all in one go or a steady increase over a period of time ? Obviously anything could happen I just wondered if there was a general trend.

I have a few options open to me some with more risk than others. I'm trying to work out which is going to be my best option.

greygoose

8,261 posts

195 months

Sunday 14th June 2015
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Only about 19% of Lloyds is due to be sold, these are the shares currently owned by the government after the bail out. The politicians have said they may sell them at a 5% discount to encourage private investors in, I have no idea why they want to do this as to my mind they should raise the maximum amount possible for the taxpayer.

walm

10,609 posts

202 months

Monday 15th June 2015
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greygoose said:
Only about 19% of Lloyds is due to be sold, these are the shares currently owned by the government after the bail out. The politicians have said they may sell them at a 5% discount to encourage private investors in, I have no idea why they want to do this as to my mind they should raise the maximum amount possible for the taxpayer.
19% is a HUGE chunk of the company.
If you just dumped it on the market you would collapse the price way below -5%.
You have to go to banks who over a matter of a week or so will build up a set of interested buyers.
Those buyers need to have a slight discount otherwise they would just buy the stock in the open market from someone else.
A slight -5% discount is probably the very best they can hope for.
They ARE maximising the amount they raise.

greygoose

8,261 posts

195 months

Monday 15th June 2015
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walm said:
greygoose said:
Only about 19% of Lloyds is due to be sold, these are the shares currently owned by the government after the bail out. The politicians have said they may sell them at a 5% discount to encourage private investors in, I have no idea why they want to do this as to my mind they should raise the maximum amount possible for the taxpayer.
19% is a HUGE chunk of the company.
If you just dumped it on the market you would collapse the price way below -5%.
You have to go to banks who over a matter of a week or so will build up a set of interested buyers.
Those buyers need to have a slight discount otherwise they would just buy the stock in the open market from someone else.
A slight -5% discount is probably the very best they can hope for.
They ARE maximising the amount they raise.
Why don't they just drip feed the shares on to the market and get the best price? If it takes years to get rid of the stock then the government have the benefit of receiving the dividends now Lloyds are paying them again. I don't really see the need to dump the whole amount in one go.

walm

10,609 posts

202 months

Monday 15th June 2015
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greygoose said:
Why don't they just drip feed the shares on to the market and get the best price? If it takes years to get rid of the stock then the government have the benefit of receiving the dividends now Lloyds are paying them again. I don't really see the need to dump the whole amount in one go.
The problem with that strategy is that they like the current price.
And they would look like idiots if they start drip-feeding now and the price went steadily south.
Once the stock reaches a price they are happy with they kind of HAVE to do the big chunk.

bad company

18,582 posts

266 months

Monday 15th June 2015
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walm said:
greygoose said:
Why don't they just drip feed the shares on to the market and get the best price? If it takes years to get rid of the stock then the government have the benefit of receiving the dividends now Lloyds are paying them again. I don't really see the need to dump the whole amount in one go.
The problem with that strategy is that they like the current price.
And they would look like idiots if they start drip-feeding now and the price went steadily south.
Once the stock reaches a price they are happy with they kind of HAVE to do the big chunk.
And if you do the 'Big Chunk' and the price keeps going down?

walm

10,609 posts

202 months

Monday 15th June 2015
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bad company said:
walm said:
greygoose said:
Why don't they just drip feed the shares on to the market and get the best price? If it takes years to get rid of the stock then the government have the benefit of receiving the dividends now Lloyds are paying them again. I don't really see the need to dump the whole amount in one go.
The problem with that strategy is that they like the current price.
And they would look like idiots if they start drip-feeding now and the price went steadily south.
Once the stock reaches a price they are happy with they kind of HAVE to do the big chunk.
And if you do the 'Big Chunk' and the price keeps going down?
Ah... well then you look like heroes for selling out at the top!

If you mean "keeps going UP" then people will whinge and say that they left money on the table which is obviously true.

But the government isn't and shouldn't be in the market for stock speculation.
They have their own view on a "fair price".
It would be madness to say "we think £1.00 is a fair price but we are going to see if we can sell for more" because that is just speculating.

In the Royal Mail example, the govt got very bad advice and pitched the price too low.
But that was an IPO and this is an existing stock price so we know what the current fair price is TODAY according to the market.
Again, if they are happy with that price (less the "big-chunk discount") then they should sell now.

twinturboz

1,278 posts

178 months

Monday 15th June 2015
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gregf40 said:
People said that about Amazon 1...5...10... years ago...

It takes a brave/foolish person to short a company like NetFlix.

Let us know if/when you place the trade so we can see how it goes! wink
Very true, in the interest of full disclosure I did get short 676 still holding short for now, at the time looked like a blow off top to me but didn't breakdown as far as I'd have liked the next day so maybe it will have a push and see 700-720 soon.

Amba got stopped out of that one had a large move on Friday, have to respect the price action obviously it's not ready to break down. Although based on today's action it looks like it's getting close to a sortable move not sure yet.




Edited by twinturboz on Monday 15th June 16:32

twinturboz

1,278 posts

178 months

Tuesday 16th June 2015
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shopper150 said:
You're short? My opinion, not a good move. I think the stock is becoming more well known now....and people want a piece of the action.
It's up some 350% in 12 months, if those people are getting sucked in now that's exactly where you want to be getting out. I'm convinced there's a short trade here into 110 or lower. I reentered a short at 118 happy to eat my words if I'm wrong.

Edited by twinturboz on Tuesday 16th June 15:44

traxx

3,143 posts

222 months

Tuesday 16th June 2015
quotequote all
twinturboz said:
Very true, in the interest of full disclosure I did get short 676 still holding short for now, at the time looked like a blow off top to me but didn't breakdown as far as I'd have liked the next day so maybe it will have a push and see 700-720 soon.

Amba got stopped out of that one had a large move on Friday, have to respect the price action obviously it's not ready to break down. Although based on today's action it looks like it's getting close to a sortable move not sure yet.




Edited by twinturboz on Monday 15th June 16:32
Netflix / Tesla such an obvious short but its as I know from being burnt in the past its just such a hard trade
Basically you lose money up until the next Analyst report which says the valuation is a joke or in the case of Tesla the CEO makes an arse of himself answering questions about the finances

Its so difficult because both are great firms, its just a case of the share price being unrealistic

twinturboz

1,278 posts

178 months

Wednesday 17th June 2015
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traxx said:
Netflix / Tesla such an obvious short but its as I know from being burnt in the past its just such a hard trade
Basically you lose money up until the next Analyst report which says the valuation is a joke or in the case of Tesla the CEO makes an arse of himself answering questions about the finances

Its so difficult because both are great firms, its just a case of the share price being unrealistic
Yup not new to shorting both of those, I know just like you, from experience how hard stocks like Netflix Amazon Tesla are to short. The valuation is just crazy, all of those three will pop at some point it's the damn timing thats the issue. Netflix for example running over 20% higher on news of a split?? are we back in 98.

Also I'm more convinced than ever were on the cusp of a larger correction, I think one more move to new highs targeting 215 on the SPY and then we start the deeper correction possibly targeting 180ish so I'm looking for a 10% -15% decline.


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