What’s your big gamble? (Volume 4)
Discussion
Adam. said:
Luke. said:
ARVL tempting you still or all too risky?
It’s making more profit in a year than it’s MC and paying huge dividends.
So of course it’s down 6% today
ferrisbueller said:
Mr Whippy said:
MikeStroud said:
Mr Whippy said:
I think you’re right but this wasn’t natural market dynamics.
Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.
It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”
2007-2008, fine. But now? Really?
I guarantee that had sanctions, covid etc resulted in those companies making big losses you would not be advocating bailing them out. Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.
It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”
2007-2008, fine. But now? Really?
I’ve not yet heard anyone sympathising with bp and handing them money when they made losses in the previous year.
While government and central banks choose and legislate winners and losers, you’ll never win.
Really it comes down to the privatise profit, socialise debt angle.
Is the public paying a disproportionate price for something they have had little choice over, in effect imposed by their own government?
Should a private enterprise profit from that?
It sounds a bit like crony capitalism to me.
Per above, PPE contracts might align with your conspiracy theories, but the energy companies bit is a stretch.
I don't know how prices are set for individual stations, but who is it that decides that my local Tesco charges 3p a litre more than the one 8 miles away? Do Shell define the pricing for all of their franchises? Who is making sure that they're not profiteering?
A political agenda which provides a soft target shouldn't legitimise a money grab. Is Rishi going to layout exactly what the government deems to be an acceptable profit across all business in all sectors in all conditions?
The wealth tax is a similar ploy. Sorry Mr&Mrs Smith, your life long sacrifices and sound choices mean you've accrued more wealth than we deem acceptable so we're going to have to come and take that off you.
There is no conspiracy inferred, but weird you’d raise that.
The issue here is the free market vs socialist considerations.
Free markets or just live with the consequences of appealing to whingers.
If there’d have been free markets I’d have bought my gas off Russia and BP wouldn’t have made as much money.
The net effect of free markets were they in play, should be the goal of restitutions when whimsical socialist faffing by government causes distortions that aren’t intended.
Adam. said:
lemmingjames said:
Dawn pharmaceutical (dawn) = +100-110% today
No news on the Web about what they've found or why the bounce
Quite a few others on trading 212 app showing 20% gains but fk knows why as well
Yesterday that would have been very helpful No news on the Web about what they've found or why the bounce
Quite a few others on trading 212 app showing 20% gains but fk knows why as well
Phooey said:
Vanity Projects said:
Topped up a bit of Argo Blockchain
If you’re throwing money away throw it my way!ARB is done, I’d be surprised if its still here in 12 months
Edited by Phooey on Monday 13th June 20:05
https://theboatmancapital.com/2021/08/09/argo-bloc...
https://theboatmancapital.com/2021/12/06/argo-bloc...
lemmingjames said:
Adam. said:
lemmingjames said:
Dawn pharmaceutical (dawn) = +100-110% today
No news on the Web about what they've found or why the bounce
Quite a few others on trading 212 app showing 20% gains but fk knows why as well
Yesterday that would have been very helpful No news on the Web about what they've found or why the bounce
Quite a few others on trading 212 app showing 20% gains but fk knows why as well
vulture1 said:
Yeah 100% down
Can't seem to short it now, had some in earlier but hit stop loss and now I'd be a few 100 in the green if I didn't set it upOk here's another one, aero, up 30% since Friday and still climbing but can't figure out if it'll go to the moon or pop over night
Phooey said:
If you’re throwing money away throw it my way!
ARB is done, I’d be surprised if its still here in 12 months
Ha, it’s 1.5% of my portfolio and is a simple Bitcoin proxy as I see it. Hopefully they’re still using their mum’s spare bedroom and aren’t paying the leccy bill for their mining…ARB is done, I’d be surprised if its still here in 12 months
Edited by Phooey on Monday 13th June 20:05
Vanity Projects said:
Ha, it’s 1.5% of my portfolio and is a simple Bitcoin proxy as I see it. Hopefully they’re still using their mum’s spare bedroom and aren’t paying the leccy bill for their mining…
They've had to close down parts of their new Texas mining site 'Helios' as it's too expensive to run in the hot weather. Luke. said:
They've had to close down parts of their new Texas mining site 'Helios' as it's too expensive to run in the hot weather.
Shame they haven’t got exposure to Celsius network, I hear that’s frozen right now Just had a look at galaxy digital share price, 5 CAD, markets closed now but I might stick a few of my Canadian dollars from Cenovus in there for a gamble
Earl of Hazzard said:
Chris Type R said:
Checking my P/F, it's dropped back to the lowest point it was following the invasion of Ukraine. Balls.
I bought BATS and Anglo American last Thursday If I hadn't bought BP and Shell back in 2020/21 I'd be well down atm
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