Share tips thread (Vol 2)

[bad company]

I know it’s Thursday and some shares have gone ex dividend but it looks like we have a correction this morning.

[p1stonhead]

bad company said:

I know it’s Thursday and some shares have gone ex dividend but it looks like we have a correction this morning.

Honestly the last 2 months has felt like a combination of propping up by the US government plus anyone with £500 to spare who has seen ‘The Big Short’ is totally screwing with things.

I got out of tesla at $900 back in the early part of this year. Thought I was lucky. It dropped to $300. Now it’s like $1100 for no reason I can see.

I also got out of Amazon after the Covid dip but got out because it hit my 6 month target in about 4 days or something.

I’ve never seen a thing like it. It makes zero sense. My long term funds are loving it but in terms of more risky propositions, no thank you.

[bad company]

p1stonhead said:

bad company said:

I know it’s Thursday and some shares have gone ex dividend but it looks like we have a correction this morning.

Honestly the last 2 months has felt like a combination of propping up by the US government plus anyone with £500 to spare who has seen ‘The Big Short’ is totally screwing with things.

I got out of tesla at $900 back in the early part of this year. Thought I was lucky. It dropped to $300. Now it’s like $1100 for no reason I can see.

I also got out of Amazon after the Covid dip but got out because it hit my 6 month target in about 4 days or something.

I’ve never seen a thing like it. It makes zero sense. My long term funds are loving it but in terms of more risky propositions, no thank you.

I get what you’re saying but markets often seem to defy logic. Understanding the market is about as easy as understanding women I’d say.

[ATM]

bad company said:

p1stonhead said:

bad company said:

I know it’s Thursday and some shares have gone ex dividend but it looks like we have a correction this morning.

Honestly the last 2 months has felt like a combination of propping up by the US government plus anyone with £500 to spare who has seen ‘The Big Short’ is totally screwing with things.

I got out of tesla at $900 back in the early part of this year. Thought I was lucky. It dropped to $300. Now it’s like $1100 for no reason I can see.

I also got out of Amazon after the Covid dip but got out because it hit my 6 month target in about 4 days or something.

I’ve never seen a thing like it. It makes zero sense. My long term funds are loving it but in terms of more risky propositions, no thank you.

I get what you’re saying but markets often seem to defy logic. Understanding the market is about as easy as understanding women I’d say.

Even if a fund is long term why can't you close some or all and wait for normality to return or a correction if you think that's coming and then get back in after.

[g4ry13]

A pleasant day on the markets.

[Burwood]

g4ry13 said:

A pleasant day on the markets.

The reason for the fall ‘fed has a gloomy outlook’ wtf.

[Luke.]

Burwood said:

The reason for the fall ‘fed has a gloomy outlook’ wtf.

Fuk da fedz.

[Burwood]

Luke. said:

Burwood said:

The reason for the fall ‘fed has a gloomy outlook’ wtf.

Fuk da fedz.

Wrong feds I suspect lol

[g4ry13]

Burwood said:

g4ry13 said:

A pleasant day on the markets.

The reason for the fall ‘fed has a gloomy outlook’ wtf.

In fairness, the market probably shouldn't have got to where it was.

None of it follows much logic these days.

[Carl_Manchester]

waiting for three green days before i step back in.

anyone got any ftse250 / s&p ideas on shorting car parks, hospitality and commercial property ?

[g4ry13]

Another nice jump for Boohoo today. Looks like I bailed a bit early on them. As always, their trading figures have been good and also acquired some extra brands.

I would have thought as lockdown eases that online sales will start to fall but don't think that will be the case as much with Boohoo.

I'm still sitting in Peloton, $51 yesterday was very tempting to take yesterday and have said to myself a number of times as it climbed back to $50 to take the money but trying to run a profit.

I don't even look at Amazon share price much these days, not planning on selling any time soon and it feels like that's one business which makes money and grows regardless of the climate.

[bmwmike]

Woot, think thats the expression anyway, £85 astrazeneca share gifted because someone used an old t212 referral link id posted yonks ago. Thank you, whoever you are and i hope you got something good too.

[bad company]

Today’s Telegraph saying sell BP. I can see the argument to sell but even if they halve the dividend they’ll still yield 5% and I’m essentially an income investor.

I also hold Shell, not sure what to do with my oilies. Maybe put a stop loss in place.

[g4ry13]

bad company said:

Today’s Telegraph saying sell BP. I can see the argument to sell but even if they halve the dividend they’ll still yield 5% and I’m essentially an income investor.

I also hold Shell, not sure what to do with my oilies. Maybe put a stop loss in place.

If the Telegraph say that then it's time to buy more.

[K12beano]

g4ry13 said:

bad company said:

Today’s Telegraph saying sell BP. I can see the argument to sell but even if they halve the dividend they’ll still yield 5% and I’m essentially an income investor.

I also hold Shell, not sure what to do with my oilies. Maybe put a stop loss in place.

If the Telegraph say that then it's time to buy more.

Well, it’s more likely that some Conservatory somewhere fancies buying some more while they’re cheap than they actually know something useful .....

Of course there’s plenty of possibilities around divi cuts.... but one way of another is it likely they’ll make profits in future?

[ferrisbueller]

bad company said:

Today’s Telegraph saying sell BP. I can see the argument to sell but even if they halve the dividend they’ll still yield 5% and I’m essentially an income investor.

I also hold Shell, not sure what to do with my oilies. Maybe put a stop loss in place.

I'm holding both for the same reasons, though I have topped up over the last few months to get a bit of capital growth, too.

[Skyedriver]

I've got BP & RDSB, price at about 65 - 70% of what I paid IIRC, bought as long term divi provider but IF prices don't recover (and who's to say they will with green energy, less people travelling to work etc) then it's 7 years of divi to get back to purchase prices.
Don't know which way to jump at the moment.

[g4ry13]

Skyedriver said:

I've got BP & RDSB, price at about 65 - 70% of what I paid IIRC, bought as long term divi provider but IF prices don't recover (and who's to say they will with green energy, less people travelling to work etc) then it's 7 years of divi to get back to purchase prices.
Don't know which way to jump at the moment.

If you bought solely for income then as long as they don't slash dividend it doesn't matter what price does.

[bad company]

g4ry13 said:

Skyedriver said:

I've got BP & RDSB, price at about 65 - 70% of what I paid IIRC, bought as long term divi provider but IF prices don't recover (and who's to say they will with green energy, less people travelling to work etc) then it's 7 years of divi to get back to purchase prices.
Don't know which way to jump at the moment.

If you bought solely for income then as long as they don't slash dividend it doesn't matter what price does.

That’s pretty much my thought. Shell have already reduced their dividend and I reckon BP will follow suit but as I stated earlier even if BP halve their dividend they’ll still yield c5%.

[bad company]

As I said earlier the Telegraph recommended selling BP, now the Investors Chronicle are saying the same:-

This is pretty fast validation for Carbon Tracker’s report. The research organisation said markets and banks were unprepared for a long-term fall in oil demand, putting hundreds of billions of pounds at risk through bad debt and equity selloffs. BP’s June quarter results where the financial implications of this forecast cut are laid will be compelling reading. Sell.
Last IC View: Sell, 310p, 28 Apr 2020
This article was updated on 17/06/2020

Think I’ll still hold for the dividend for now.