Share tips thread (Vol 2)
Discussion
clubsport said:
I pointed out the 100 day MA in Ftse yesterday, the market tested it as a support, gave the opportunity of 100 points bounce and closed comfortably above the level.
On todays opening you would have lost more than you had made in terms of market movement.
In effect it has flipped, MA's are now more like resistance than support levels!
Always very obvious after the fact, but incredibly hard to predict before hand. If a index bounces off the MA 3 times, then breaks through on the 4th the TA's say that its now the resistance level. Thanks, but I'd rather you predict the break down rather than telling me what I can now see myself. On todays opening you would have lost more than you had made in terms of market movement.
In effect it has flipped, MA's are now more like resistance than support levels!
I don't know anyone who trades off the TA; it is useful for finding entry and exit points for a position, but fundamentals always beats TA in the long run.
Getting back to a stock pick TSM seem to have come through this so far not too bad.
They are in competition with Samsung manufacturing this year from graphics card chips for NVDA to the next 5g phones. They have the new Sony playstation and XBOX X or XX or whatever it is called down pat with AMD for late 2020 as well.
Considering Intel are still stuck on 14nm products and that TSMC invested heavily in 2019 on new 5,6,7 EUV production I think at this current point in time they could be a slow burner.
TSM will never be as sexy as Apple etc but they create the bread and butter.
Rather than buy the dip, buy the future product ????????
In these harsh times I think they are worth keeping an eye on . PE ratio is spot on at 24 and they even have an EPS !!!
Bloody hell, soft Cell !
Hold on...
Ok back, just the bailiffs taking away my mother in law. Apparently she was collateral on some options I did on crude oil .....
They are in competition with Samsung manufacturing this year from graphics card chips for NVDA to the next 5g phones. They have the new Sony playstation and XBOX X or XX or whatever it is called down pat with AMD for late 2020 as well.
Considering Intel are still stuck on 14nm products and that TSMC invested heavily in 2019 on new 5,6,7 EUV production I think at this current point in time they could be a slow burner.
TSM will never be as sexy as Apple etc but they create the bread and butter.
Rather than buy the dip, buy the future product ????????
In these harsh times I think they are worth keeping an eye on . PE ratio is spot on at 24 and they even have an EPS !!!
Bloody hell, soft Cell !
Hold on...
Ok back, just the bailiffs taking away my mother in law. Apparently she was collateral on some options I did on crude oil .....
Edited by Gandahar on Friday 28th February 20:19
Benbay001 said:
R8Steve said:
Do you still think i'm a brave man for moving everything into GBP the other month
Are you claiming to know Coronavirus was just around the corner?
Burwood said:
He didn't need to know that to make the call. Bull run over the past 5 years+ 12 months of almost exponential Bull Run, all the while there were signs of problems with china trade, brexit, flat growth (EU wide). Just one of those timely calls
Yep, the market was due for a correction anyway.Burwood said:
Benbay001 said:
R8Steve said:
Do you still think i'm a brave man for moving everything into GBP the other month
Are you claiming to know Coronavirus was just around the corner?Edit and most of my UK ftse stocks in fairness
Burwood said:
He didn't need to know that to make the call. Bull run over the past 5 years+ 12 months of almost exponential Bull Run, all the while there were signs of problems with china trade, brexit, flat growth (EU wide). Just one of those timely calls
But depending on the exact day he sold he could have missed out on several 1% plus days, and people have been saying that the market has been over valued for a while now. Any one who claims to have predicted the top or had any foresight of this is just talking bulls
t and either got very lucky or missed out on some of the upside as well as avoiding some of the down side. Condi said:
Burwood said:
He didn't need to know that to make the call. Bull run over the past 5 years+ 12 months of almost exponential Bull Run, all the while there were signs of problems with china trade, brexit, flat growth (EU wide). Just one of those timely calls
But depending on the exact day he sold he could have missed out on several 1% plus days, and people have been saying that the market has been over valued for a while now. Any one who claims to have predicted the top or had any foresight of this is just talking bullst and either got very lucky or missed out on some of the upside as well as avoiding some of the down side. 
ATM said:
bad company said:
FTSE up 170 this morning.
Hold onto your hats!!!
Dead cat bounce?Hold onto your hats!!!
Benbay001 said:
R8Steve said:
Do you still think i'm a brave man for moving everything into GBP the other month
Are you claiming to know Coronavirus was just around the corner?I'd cashed out of everything as the market seemed very 'toppy' in general and with brexit ongoing it was not going to take much to send it downwards. Bad news seems to be never far away and in this case it was Coronavirus.
I've been shorting the FTSE so i'm certainly not missing out
R8Steve said:
No, not claiming that at all.
I'd cashed out of everything as the market seemed very 'toppy' in general and with brexit ongoing it was not going to take much to send it downwards. Bad news seems to be never far away and in this case it was Coronavirus.
I've been shorting the FTSE so i'm certainly not missing out
So pure luck then!I'd cashed out of everything as the market seemed very 'toppy' in general and with brexit ongoing it was not going to take much to send it downwards. Bad news seems to be never far away and in this case it was Coronavirus.
I've been shorting the FTSE so i'm certainly not missing out
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