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shopper150 said:
What are your thoughts on GOOG?
A stock?GoogL or Goog
Not sure how you trade shop, are you a day trader or more looking to swing it longer for a few days.
Assuming it's the A stock, then 685 could be a good place to buy it, currently it's too close to the 10day which may likely prove to be resistance 719.50. If I was to trade it for a day trade I'd look at buying 695 with a tight stop at yesterday's low or a bit riskier try the long trade for a break out above 719.50 into 730ish.
Just be a bit weary about getting in too soon today, the banks are ripping and so is crude but the overall action is weak. Patience might be called for incase they sink the market into the close.
Funny I hate it when someone else's money is on the line always much more cautious than I am if I'm taking the risk myself.
Edited by twinturboz on Friday 12th February 16:14
Goog sucks shop market squeezing and it's not going anywhere not exactly close to it's highs, just something to notice.
Edited by twinturboz on Friday 12th February 16:25
twinturboz said:
A stock?
GoogL or Goog
Not sure how you trade shop, are you a day trader or more looking to swing it longer for a few days.
Assuming it's the A stock, then 685 could be a good place to buy it, currently it's too close to the 10day which may likely prove to be resistance 719.50. If I was to trade it for a day trade I'd look at buying 695 with a tight stop at yesterday's low or a bit riskier try the long trade for a break out above 719.50 into 730ish.
Just be a bit weary about getting in too soon today, the banks are ripping and so is crude but the overall action is weak. Patience might be called for incase they sink the market into the close.
Funny I hate it when someone else's money is on the line always much more cautious than I am if I'm taking the risk myself.
Goog sucks shop market squeezing and it's not going anywhere not exactly close to it's highs, just something to notice.
Normally I trade the C stock and swing for a few days. Agree it's not near it's high, but neither is AMZN, although the latter seems to have more momentum.GoogL or Goog
Not sure how you trade shop, are you a day trader or more looking to swing it longer for a few days.
Assuming it's the A stock, then 685 could be a good place to buy it, currently it's too close to the 10day which may likely prove to be resistance 719.50. If I was to trade it for a day trade I'd look at buying 695 with a tight stop at yesterday's low or a bit riskier try the long trade for a break out above 719.50 into 730ish.
Just be a bit weary about getting in too soon today, the banks are ripping and so is crude but the overall action is weak. Patience might be called for incase they sink the market into the close.
Funny I hate it when someone else's money is on the line always much more cautious than I am if I'm taking the risk myself.
Edited by twinturboz on Friday 12th February 16:14
Goog sucks shop market squeezing and it's not going anywhere not exactly close to it's highs, just something to notice.
Edited by twinturboz on Friday 12th February 16:25
I'm not doing this right, am I?
Charlie1986 said:
So Genel is climbing again today and I have a nice profit. So the question is will this continue to rise or fall like last week where it went from 122p to 97p?
Also took a long shot on POG which I hope may turn out not to be a stupid move in the long term.
Pog - looks better than my call in July 13Also took a long shot on POG which I hope may turn out not to be a stupid move in the long term.
Had an awesome week so far. My short term trading money was in a company that's gone up 40% in the last week. Didn't make the full amount as I got a few short sells slightly wrong on the way up, but it's done very well anyway!
It will be interesting to see what happens to the markets this year. Interesting to see those charts traxx.
It will be interesting to see what happens to the markets this year. Interesting to see those charts traxx.
Condi said:
I dont understand what you're trying to say with this? Are you saying that its overvalued? In which case I dont agree.
It's an analog of what I assume is the S&P500 chart in 2008 vs today's chart. The premise being that 2016 so far is a repeat of 2008. Only thing is 2008 was a systemic crisis we've not had that as of yet in 2016 so not sure what the trigger would be if we we're to repeat 2008. Db going bankrupt could well be that trigger but after Lehman went under I should think lessons have been learned and Db would be bailed out at any cost.
If you study 2000/2008 there is a specific set of circumstances technically on the charts which should help to give clues if this market currently just put in a bottom and subsequently we get new highs, or if around June time sets up the big short.
Shnozz said:
cobblex said:
I'm interested to know why you think this will mean the company will be going out of business? How does this weeks share price fall mean the company will cease trading? They are actively trading and accumulating cash. Share price is not always indicative of if a company is about to fail.
We know that the financial press and certain bloggers have had the claws out for QPP from the beginning. But the amount of conspiracy theories that are out there and the extreme opinions do really surprise me. The amount of s
t that's been written in the FT, a presumably broadsheet financial newspaper is digusting. Rumours presented as truth. The media's interpretation of this week's director shares purchases is a case in point. The FT wrote that the directors are shorting the shares because they are betting on the share price being lower in the 2 years when the financing deal they entered into matures. READ THE RNS, they buy back at 66% of the share price average of the 3 days leading up to when THEY BORROWED THE CASH.
I'm not a financial expert but I am a chartered accountant and the lies that have been spread about Quindell's accounting are laughable. Accrual accounting and matching revenues and costs to the period in which the service takes place is fundamental accounting rules.
3 auditors in 3 years - each with a clean audit report.
It's a company that employs 4,000 people. It's real, they're currently dealing with an insurance claim I have. I've spoken to actual employees.
PS i'm invested and happy to remain so but the very personal nature of the comments individuals make about QPP begins to get on your nerves.
Personal nature of the comments? The only thing that gets on my nerves is the sycophantic sWe know that the financial press and certain bloggers have had the claws out for QPP from the beginning. But the amount of conspiracy theories that are out there and the extreme opinions do really surprise me. The amount of s
t that's been written in the FT, a presumably broadsheet financial newspaper is digusting. Rumours presented as truth. The media's interpretation of this week's director shares purchases is a case in point. The FT wrote that the directors are shorting the shares because they are betting on the share price being lower in the 2 years when the financing deal they entered into matures. READ THE RNS, they buy back at 66% of the share price average of the 3 days leading up to when THEY BORROWED THE CASH. I'm not a financial expert but I am a chartered accountant and the lies that have been spread about Quindell's accounting are laughable. Accrual accounting and matching revenues and costs to the period in which the service takes place is fundamental accounting rules.
3 auditors in 3 years - each with a clean audit report.
It's a company that employs 4,000 people. It's real, they're currently dealing with an insurance claim I have. I've spoken to actual employees.
PS i'm invested and happy to remain so but the very personal nature of the comments individuals make about QPP begins to get on your nerves.
te posted on almost every financial bulletin board whereby should you post anything remotely negative, even if supported by clear facts, you get shouted out as a troll. It makes the forums utterly pointless and unintelligent.As for going out of business, my views are aired below. Cash-flow. The company is not bringing in much cash. Their expenditure is increasing all the time - premises, payroll and buying in claims (how they are doing so when such a process is illegal is yet another questionable business practice, but I digress).
How much cash is in the attic? Not much.
So, borrow more - who will lend and at what price given the sentiment at the present moment.
Or, cash call to shareholders. Good luck with that one at the minute....
Accrual accounting is commonplace but relies on a degree of certainty in revenue creation that I simply do not believe to be accurate in this case. These profits relate to a workload that I know a good degree about and the figures are optimistic to say the least. Not only that, but they are optimistic beyond belief in almost every area that would all need to come together in perfect harmony for the banked future profit to actually happen.
1. Number of cases dealt with - QPP forecast they will deal with 6 times more cases in any given year than have been brought by the entire nation in past years.
2. Timescale to settlement - QPP allow 12 months. Wholly unrealistic. Not only that, but QPP could have a billion staff and work 24/7 and not achieve this as the speed of any case is reliant not only on the claimant's representatives, but a defendant insurer and/or the Court process. The latter is not known for its pace, and the insurers can be slow and in cases of this nature will be numerous.
3. Success/failure rates- this area of work is fraught with danger. QPP are suggesting a "win ratio" far greater than industry standard. I see no reason why, particularly having regard to the fact they are not employing highly paid specialists so the skill set available is distinctly average.
4. Costs per case - well, finally something I consider isn't actually too far from the mark. On those case they do win, I would expect their estimate to be about right. That said, this is a slight catch 22 as if their timescales to settlement are met (as per 2), then the ironic part is that their costs per case may well face a reduction.
All this is in the background to paying large amounts of money up front to buy this work in the first place.
And 3 auditors in 3 years is a positive point??!
So, cobblex, where is it you consider QPP's business model is robust and what constructive points have you to make in analysing the business, rather than just following the lse path of "bloody journalists, bloody doubters, bloody trolls" etc?
Tell me some facts behind your belief.
So the legacy firm that bought up QPP's book (heaven knows why) have had to now make a huge write down on the acquisition which was largely based on the predicted hearing loss claim predicted profits - which were already accounted for as profits in the accounts.
And they are running out of cash.
A month to drive a deal with the banks to keep them afloat.
Who on earth was in charge of them doing the DD on buying QPP's legal division? The only thing the acquisition did was release the former QPP bunch from the mess and provide a new finance avenue to keep cash flow running for a slightly longer period.
Utter madness, the whole thing.
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