What’s your big gamble?

[Chilly for June]

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

[BoRED S2upid]

Chilly for June said:

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

People putting buy orders in out of hours? They get fulfilled first thing causing a spike in the price and anyone looking to sell will do so at the same time which causes it to settle down. So buy after the spike and sell first thing if you can.

[Meeten-5dulx]

BoRED S2upid said:

Chilly for June said:

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

People putting buy orders in out of hours? They get fulfilled first thing causing a spike in the price and anyone looking to sell will do so at the same time which causes it to settle down. So buy after the spike and sell first thing if you can.

until the day you do this and it has a slump and then rises...
I don't think there is a consitent and foolproof track that it takes. If there was, we are not the first to discover it!!

[Chilly for June]

Thanks for the thoughts. It makes sense I guess. Need to get up earlier and get my sell order in.

[500 Miles]

Meeten-5dulx said:

BoRED S2upid said:

Chilly for June said:

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

People putting buy orders in out of hours? They get fulfilled first thing causing a spike in the price and anyone looking to sell will do so at the same time which causes it to settle down. So buy after the spike and sell first thing if you can.

until the day you do this and it has a slump and then rises...
I don't think there is a consitent and foolproof track that it takes. If there was, we are not the first to discover it!!

I think we can say with a very high degree of certainty that it’s always a bad idea to buy first thing, unless it turns out to be a great idea to buy first thing. Hope that helps

Not done any analysis (as if) but it always feels like buying first thing usually works out badly.. can only think of one instance where it worked out well. I now wait till usually (digs deep for his inner Sean) tennish..

[petemurphy]

Chilly for June said:

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

its prob me being an idiot and too eager!

[marky1]

500 Miles said:

Hello,

I think it’s going to be a very exciting few years for IDP, I believe they’ve got a very promising future.

Impacted at the moment of course but to increase revenue when most of the retail outlets were closed is a great result.

I've been following this IDP for a few weeks since you mentioned them. What's putting me off is they have shocking customer reviews, both about products and customer care. That's a big hurdle to overcome.

[marky1]

Chilly for June said:

Possible ignorant question but what is causing the spike every morning for the first 5-10 mins then a drop straight after that?

Certainly with any of the stocks I have held this has happened.

Volatility caused by opening auctions/matching buy and sell orders and a lack of liquidity on the open compares to other times during the trading day. You'll see the same around 4.30 London time when the cash market closes on the FTSE.

[Benbay001]

marky1 said:

I've been following this IDP for a few weeks since you mentioned them. What's putting me off is they have shocking customer reviews, both about products and customer care. That's a big hurdle to overcome.

As with all reviews, you only leave them when youre unhappy (or at least i do).

Although, that said they do seem to have a customer service issue as quite a number of complaints talk about lack of response/ refund.

Im a bit ashamed to admit i never considered searching for product reviews.

[rsbmw]

Looks like DBAY have stopped buying Card, 50p support collapsed! I think we'll likely hear about a takeover bid soon enough, I can't see why else they've bought up 10% of the company in short order.

[500 Miles]

marky1 said:

500 Miles said:

Hello,

I think it’s going to be a very exciting few years for IDP, I believe they’ve got a very promising future.

Impacted at the moment of course but to increase revenue when most of the retail outlets were closed is a great result.

I've been following this IDP for a few weeks since you mentioned them. What's putting me off is they have shocking customer reviews, both about products and customer care. That's a big hurdle to overcome.

Hello,

I had the same concern and did two things....

1) A very unscientific review of 16 people who I know that use the ST product - 13 of which were overwhelmingly positive, 1 didn’t like it due to the smell (interestingly that seemed to be one of the reasons why people did like it), 2 didn’t like the results. Obviously not statistically relevant but have some confidence.

2) I raised it with the chairman - the analysis (don’t chuck me off this thread please) I did showed that 12 months back about 80% of the complaints were about the product and 20% were about customer service - in the last few months it looks more like 90% were complaining about customer service (primarily delivery). The pandemic definitely seemed to cause delivery issues and I think they could have done more to communicate with the clients around that. I know they have recently changed out their back end systems and are working with their delivery suppliers. I think more can be done to give next day delivery of the product - otherwise they are competing against there suppliers.

I have ordered multiple of their products to see how the service works (honest, that’s why) and whilst delivery was relatively quick the communications were slightly out - eg. Received notice of when it would be delivered the day after it was.

I’m pulling a pack together with a few ideas on the company, if any shareholders wants to contribute to it please drop me a message.

When I looked into the volume of web searches surrounding their product range, it was good to see that they were increasing quite significantly during lock down.

I had another call with their chairman yesterday and whilst we didn’t discuss any market sensitive information, I left thinking that I would continue to increase my stake.

Obviously we have now veered away from the ethos of this thread, I’ll now attempt to regain my composure by channelling inner LSE..

“Last chance to buy in the 60’s, the share price is going to go to the moon!”.

[Chris Type R]

journeymanpro said:

classicfred said:

Out of interest, how many of you also hold funds ?

My main investment is into a couple of vanguard funds. Not mega money but its all my savings.

I'm holding some Vanguard ACC 80, Vanguard ACC 100, Vanguard FTSE 100 Tracker - probably 40% of my portfolio - in SIPP/JISA. Probably 75% of the capital in the funds has been added since April 2020, so the fund holdings are looking okay - not life changing gains, but gradually ticking up.

My plan was to trade single shares and add to my funds at a logical juncture. Unfortunately this has not panned out as planned and I'm now a locked in long holder of a number of shares

[Chris Type R]

500 Miles said:

“Last chance to buy in the 60’s, the share price is going to go to the moon!”.

That's not proper hyping, we need something like:

"There's a definite chance of a takeover, why else would Mr MW be accumulating - definite inside info. HighFive."

[1Rb]

Have also topped up some BOO.

[500 Miles]

Chris Type R said:

500 Miles said:

“Last chance to buy in the 60’s, the share price is going to go to the moon!”.

That's not proper hyping, we need something like:

"There's a definite chance of a takeover, why else would Mr MW be accumulating - definite inside info. HighFive."

I’m clearly a novice at this ramping lark

The best one I’ve seen (of all time but happened today) is on the LSE ALGW board - I have some ALGW, it has a market cap of around £3m - you can imagine how happy I was this morning to hear that it was going to be the next Berkshire Hathaway..

https://www.lse.co.uk/SharePrice.asp?shareprice=AL...

Anyway, speaking of takeovers... what happened to GPH and the definite acquisition of Amigo?

[Chris Type R]

anonymous said:

[redacted]

Slightly different risk profiles - the latter is higher equity % and in monetary terms a smaller holding for me.

I think when I went for the 100 I was in "risk-on" mode, relatively speaking. Return for yesterday was 0.82% (100) vs 0.68% (80).

[Chris Type R]

500 Miles said:

The best one I’ve seen (of all time but happened today) is on the LSE ALGW board - I have some ALGW, it has a market cap of around £3m - you can imagine how happy I was this morning to hear that it was going to be the next Berkshire Hathaway..

https://www.lse.co.uk/SharePrice.asp?shareprice=AL...

Certain irony that the user name contains "bot".

EDIT: Today, the FTSE100 is resoundingly outperforming my stock holdings - 1.9% vs 0.98%.

EDIT: US markets looking good for now - https://markets.businessinsider.com/premarket

Edited by Chris Type R on Wednesday 15th July 12:33

[Hitch]

rsbmw said:

Looks like DBAY have stopped buying Card, 50p support collapsed! I think we'll likely hear about a takeover bid soon enough, I can't see why else they've bought up 10% of the company in short order.

Their one month price chart is brilliant - bumps off 50p every time!

[Adam B]

500 Miles said:

Anyway, speaking of takeovers... what happened to GPH and the definite acquisition of Amigo?

also interested in my bd son Amigo, worth so little I might as well hold the fker

[500 Miles]

Adam B said:

500 Miles said:

Anyway, speaking of takeovers... what happened to GPH and the definite acquisition of Amigo?

also interested in my bd son Amigo, worth so little I might as well hold the fker

Half considering topping them up again.. although I know it would be a bad idea..