Share tips thread
Discussion
twinturboz said:
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.
I seriously don't see Amazon 'popping'. I'm biased though...
gregf40 said:
I seriously don't see Amazon 'popping'. I'm biased though...
Hah, yes you are. You can't tell me it's fairly valued at the current price. Once the growth slows you don't think valuation will be a concern at some point? Granted you probably know the fundamentals in far greater detail than I do and the institutional support for Amazon is crazy but like Apple in 2012 if they want out they'll get out quick.
twinturboz said:
gregf40 said:
I seriously don't see Amazon 'popping'. I'm biased though...
Hah, yes you are. You can't tell me it's fairly valued at the current price. Once the growth slows you don't think valuation will be a concern at some point?
Let's come back to this thread in 10 years
twinturboz said:
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.
Do you have plenty of margin?Edited by twinturboz on Tuesday 16th June 15:44
shopper150 said:
Do you have plenty of margin?
Eating my words 
took my loss. That's the risk with shorting a momentum stock but I wouldn't want to be buying it here. Still of the opinion it will have a sharp downside move soon, but on the side lines for now. What it needs is a huge move up on the biggest volume for me to get short again.
Glutton for punishment back short made back the loss but this is one seriously volatile stock.
Edited by twinturboz on Friday 19th June 15:20
So, any Diamond Corp holders here? - Just wandering what you’re doing with regards to the open offer? I’ll take up the entitlement just not sure whether to subscribe to more, current price it equals roughly a 10% discount but is the price likely to drop by more than this once the subscription has gone through?
shopper150 said:
With enough to margin, you would have been quids in!
Margin wasn't the issue more timing, mistimed the short by a day or two. Also hard to stay short momentum stocks when there making new highs daily. Made profit overall but didn't see this much downside coming in one day. Now that they've shaken most out and ran the stops probably reverses in the coming days if not around 95-94 then probably around 88.
Still way overvalued though eventually I reckon a move to the 60's.
eps said:
Oakey said:
QPP temporarily suspended.
Do we know why? I'm guessing it's a bad thing....Just lurking at the end there:
RNS said:
Separately, the Company also announces that on 23 June 2015, the Financial Conduct Authority informed the Company that it has commenced an investigation under the Financial Services and Markets Act 2000 in relation to public statements made regarding the financial accounts of the Company during 2013 and 2014. The Company will co-operate fully with the investigation.
Ahahaha.From the RNS:
The Financial Conduct Authority (FCA) notes the statements issued this morning by Quindell PLC. The FCA can confirm that it has commenced an investigation into Quindell PLC under the Financial Services and Markets Act 2000 in relation to public statements made regarding Quindell's financial accounts during 2013 and 2014.
The FCA will liaise with other agencies regarding these matters as appropriate.
Given the existence of an investigation, we will not be providing further comment.
The Financial Conduct Authority (FCA) notes the statements issued this morning by Quindell PLC. The FCA can confirm that it has commenced an investigation into Quindell PLC under the Financial Services and Markets Act 2000 in relation to public statements made regarding Quindell's financial accounts during 2013 and 2014.
The FCA will liaise with other agencies regarding these matters as appropriate.
Given the existence of an investigation, we will not be providing further comment.
eps said:
Oakey said:
QPP temporarily suspended.
Do we know why? I'm guessing it's a bad thing....Look at their track record.
I cast-iron guarantee it will be fantastic news for shareholders.
Probably something along the lines of:
"Following the disposal of PSD, we found Slater & Gordon paid us with a shoe box, empty save for a letter simply saying "NO MONEY HERE MORONS". Clearly they did more due diligence than we ever did on our acquisitions. So, there's no money. Sorry."
walm said:
eps said:
Oakey said:
QPP temporarily suspended.
Do we know why? I'm guessing it's a bad thing....Look at their track record.
I cast-iron guarantee it will be fantastic news for shareholders.
Probably something along the lines of:
"Following the disposal of PSD, we found Slater & Gordon paid us with a shoe box, empty save for a letter simply saying "NO MONEY HERE MORONS". Clearly they did more due diligence than we ever did on our acquisitions. So, there's no money. Sorry."
king joke of a company.I still have simply no idea why S&G paid what they did for QPP's legal business. I highlighted previously my views on the "value" of the deal and all the gaps that sat glaringly in terms of QPP's financial claims.
There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
Shnozz said:
I still have simply no idea why S&G paid what they did for QPP's legal business. I highlighted previously my views on the "value" of the deal and all the gaps that sat glaringly in terms of QPP's financial claims.
There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
Don't bet on that.There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
There is a limit to how much DD you can do without audited financials.
walm said:
Don't bet on that.
There is a limit to how much DD you can do without audited financials.
Surely you don't make a 650m gamble without a very cautious approach to DD - an established Australian law firm that is owned by shareholders and has a duty to them, acquiring a "law firm" based in another jurisdiction, with a questionable financial past, run/created by a director with a questionable financial past, and a whole load of what appears externally as black holes in its books, some very optimistic claims and even more optimistic forecast figures which are at odds with industry standard for law firms that have been running cases of this nature for a number of years. Quindell have not even done a full cycle....There is a limit to how much DD you can do without audited financials.
And that's before insurer resistance to such claims and a hostile environment with apparent government support to quash such industry or vastly reduce profitability at best.
With all things considered, if DD was not conducted with extreme caution and precision, and if things later go t1ts up, I could foresee shareholder action on the part of S&G's shareholders.
Gassing Station | Finance | Top of Page | What's New | My Stuff