What’s your big gamble? (Volume 3)

What’s your big gamble? (Volume 3)

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TheHangingJudge

818 posts

143 months

Friday 26th February 2021
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CaptainHindsight said:
Phooey said:
Aiminghigh123 said:
Where did you see this?
It's being mentioned on lse, apparently. I can't see it on the London Stock Exchange. They seem confident it's a buy.
There's always a sell for every buy and a buy for every sell. So why are they confident it's a buy, when it will always be a buy and sell?
Buys and sells in a single day will virtually never match as brokers will hold a balance as they see fit. This transaction like the Benamor sales will have been transacted through the day with the total reported at its end. The price given for the transaction is an average. The platforms we all use to see these transactions, if I understand it correctly, report as a buy or sell dependant on the price at the time of reporting so are not always correct for these type of cumulative transactions. A number of times the Benamor sale was reported as a buy which hugely excited the LSE mob but was the proved to be a sell with the publication of the RNS. My guess is that this is indeed a purchase but I don’t think anyone can be certain.

CaptainHindsight

613 posts

68 months

Friday 26th February 2021
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Think you are confusing brokers with market makers? That said the reporting of these trades, under the MIFID II trade reporting rules, requires both the buyer and seller to report their side of the trade within an as close to real time as possible. What typically happens, and likely in this instance, is a market maker has facilitated a number of buys or sells which have been reporting real time and is on the other side as a cumulative trade, however has delayed publication of the trade hence the printing at end of day. But there is nothing there to suggest its a buy.

TheHangingJudge

818 posts

143 months

Friday 26th February 2021
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CaptainHindsight said:
Think you are confusing brokers with market makers?
Yes, sorry, you are correct I meant market makers.

i4got

5,624 posts

77 months

Friday 26th February 2021
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Anyone see any mileage in SPCE (Virgin Galactic).

It rose to an all time high of $54 on the basis that a test flight was expected in Feb.

Didn't happen and it has now dropped over a few days to £37.

They've now announced the test flight will be planned for May.

So does it have further to fall or is now a good time to buy ready for an April/may increase.?

What puts me off is that as recently as the start of this year it was at low $20s.



Phooey

12,575 posts

168 months

Friday 26th February 2021
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i4got said:
Anyone see any mileage in SPCE (Virgin Galactic).
Glad you mentioned SPCE. I thought exactly the same, especially when it was at a 15% pre market discount! It’s got a good name behind it so i’d be surprised if it didn’t have a few equally +15% days, but after this past few weeks I don’t know which horse to back so I’ve come to the conclusion the stock market has become an online casino. I need to work out how to “buy the rumour, sell the news”. But after all, this is the gamble thread biggrin




i4got

5,624 posts

77 months

Friday 26th February 2021
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Phooey said:
Glad you mentioned SPCE. I thought exactly the same, especially when it was at a 15% pre market discount! It’s got a good name behind it so i’d be surprised if it didn’t have a few equally +15% days, but after this past few weeks I don’t know which horse to back so I’ve come to the conclusion the stock market has become an online casino. I need to work out how to “buy the rumour, sell the news”. But after all, this is the gamble thread biggrin
I think I'll keep an eye on Monday's premarket and if its looks like another decent down day (eg couple of percent down) I'll consider dipping my toe in.

Mr Overheads

2,436 posts

175 months

Friday 26th February 2021
quotequote all
Phooey said:
i4got said:
Anyone see any mileage in SPCE (Virgin Galactic).
Glad you mentioned SPCE. I thought exactly the same, especially when it was at a 15% pre market discount! It’s got a good name behind it so i’d be surprised if it didn’t have a few equally +15% days, but after this past few weeks I don’t know which horse to back so I’ve come to the conclusion the stock market has become an online casino. I need to work out how to “buy the rumour, sell the news”. But after all, this is the gamble thread biggrin
I bought in a few times in the $20 to $30 range so still in profit and my largest holding. No intention of selling until after flight in May. Stock is volatile because their twitter team are terrible, very rarely post and when they do it's not clear at all what they mean, so people come to their own conclusions. If it drops below $20 I'll be buying more. The publicity when Branson himself goes on first non-test flight will be massive.

thesyn

540 posts

180 months

Friday 26th February 2021
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Mr Overheads said:
Phooey said:
i4got said:
Anyone see any mileage in SPCE (Virgin Galactic).
Glad you mentioned SPCE. I thought exactly the same, especially when it was at a 15% pre market discount! It’s got a good name behind it so i’d be surprised if it didn’t have a few equally +15% days, but after this past few weeks I don’t know which horse to back so I’ve come to the conclusion the stock market has become an online casino. I need to work out how to “buy the rumour, sell the news”. But after all, this is the gamble thread biggrin
I bought in a few times in the $20 to $30 range so still in profit and my largest holding. No intention of selling until after flight in May. Stock is volatile because their twitter team are terrible, very rarely post and when they do it's not clear at all what they mean, so people come to their own conclusions. If it drops below $20 I'll be buying more. The publicity when Branson himself goes on first non-test flight will be massive.
I first bought in December and have traded once since, then bought back in, topped up today on the drop.
I have high hopes for the long term..... not sure why!

Adam.

27,142 posts

253 months

Friday 26th February 2021
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TheHangingJudge said:
The platforms we all use to see these transactions, if I understand it correctly, report as a buy or sell dependant on the price at the time of reporting so are not always correct for these type of cumulative transactions. A number of times the Benamor sale was reported as a buy which hugely excited the LSE mob but was the proved to be a sell with the publication of the RNS. My guess is that this is indeed a purchase but I don’t think anyone can be certain.
I don’t get why everyone talks about buys and sells. Brokers may hold some stock but I bet it’s tiny as they don’t want the risk. Every trade has a buy and a sell.

IIRC how it is reported is down to the price vs the perceived mid at the time, if the price was over the mid it is reported as a buy and vice versa

ferrisbueller

29,260 posts

226 months

Friday 26th February 2021
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Fisker Cars up 30%+ today.

Aiminghigh123

2,720 posts

68 months

Saturday 27th February 2021
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The House of Representatives voted early Saturday morning to approve President Joe Biden's $1.9 trillion pandemic aid package, a major step toward enacting the first legislative priority of the new administration as the devastating fallout from the spread of Covid-19 has left Americans in dire need of further relief.

Read this just now. Rise on Monday?

Chris Type R

8,018 posts

248 months

Saturday 27th February 2021
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Aiminghigh123 said:
The House of Representatives voted early Saturday morning to approve President Joe Biden's $1.9 trillion pandemic aid package, a major step toward enacting the first legislative priority of the new administration as the devastating fallout from the spread of Covid-19 has left Americans in dire need of further relief.

Read this just now. Rise on Monday?
Looks like it still has to go before the senate - https://www.bbc.co.uk/news/world-us-canada-5622137...

Doubling US min. wage - might that also increase inflation ?

More support for builders/housing industry domestically - https://www.bbc.co.uk/news/uk-56218952

The BBC said:
Under the new scheme, which will launch across the UK in April, the government will offer to take on some of this risk.

It is not restricted to first-time buyers or new-build homes, but there will be a £600,000 limit.
Edited by Chris Type R on Saturday 27th February 08:51

SimonTheSailor

12,543 posts

227 months

Saturday 27th February 2021
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CaptainHindsight said:
Missed the end of the final trading session, hello GGP where did that come from?...?!
Why what happened ?

Chris Type R

8,018 posts

248 months

Saturday 27th February 2021
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SimonTheSailor said:
CaptainHindsight said:
Missed the end of the final trading session, hello GGP where did that come from?...?!
Why what happened ?
Check the post close trades - https://www.sharesmagazine.co.uk/shares/share/GGP/...

andrewh

457 posts

258 months

Saturday 27th February 2021
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Mr Overheads said:
I bought in a few times in the $20 to $30 range so still in profit and my largest holding. No intention of selling until after flight in May. Stock is volatile because their twitter team are terrible, very rarely post and when they do it's not clear at all what they mean, so people come to their own conclusions. If it drops below $20 I'll be buying more. The publicity when Branson himself goes on first non-test flight will be massive.
Will they sell Many flights though, isn’t it like a 30 minute thing costing around £125,000 how many people will be able to afford it, I picked some up on the dip but not sure whether to add any more. I notice they’ve recently employed an ex Disney guy to design the customer experience.

JontyR

1,915 posts

166 months

Saturday 27th February 2021
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Looking at the upcoming IPOs there are a number of car manufacturers coming along.
Jaguar Landrover
McLaren
Lamborghini.

Ferrari issued their IPO back in 10/2015 at $52, it was well over subscribed and after an initial increase dropped down to $34. However from there on it was a pretty good rise within 5 years to over $200.

Aston on the other-hand issued their IPO back in 10/2018 at £19 per share and they sunk to 25p!

Both established brands in a niche sector but is it better to take the IPO or wait for the dip?

JustinF

6,795 posts

202 months

Saturday 27th February 2021
quotequote all
andrewh said:
Mr Overheads said:
I bought in a few times in the $20 to $30 range so still in profit and my largest holding. No intention of selling until after flight in May. Stock is volatile because their twitter team are terrible, very rarely post and when they do it's not clear at all what they mean, so people come to their own conclusions. If it drops below $20 I'll be buying more. The publicity when Branson himself goes on first non-test flight will be massive.
Will they sell Many flights though, isn’t it like a 30 minute thing costing around £125,000 how many people will be able to afford it, I picked some up on the dip but not sure whether to add any more. I notice they’ve recently employed an ex Disney guy to design the customer experience.
The other aim of sub-orbital flight is under two hours transatlantic and other long haul, space tourism is only the begining.

ferrisbueller

29,260 posts

226 months

Saturday 27th February 2021
quotequote all
JontyR said:
Looking at the upcoming IPOs there are a number of car manufacturers coming along.
Jaguar Landrover
McLaren
Lamborghini.

Ferrari issued their IPO back in 10/2015 at $52, it was well over subscribed and after an initial increase dropped down to $34. However from there on it was a pretty good rise within 5 years to over $200.

Aston on the other-hand issued their IPO back in 10/2018 at £19 per share and they sunk to 25p!

Both established brands in a niche sector but is it better to take the IPO or wait for the dip?
The last I saw the Lambo one had been abandoned and they're now looking at Porsche for 2022.

Adam.

27,142 posts

253 months

Saturday 27th February 2021
quotequote all
Chris Type R said:
Aiminghigh123 said:
The House of Representatives voted early Saturday morning to approve President Joe Biden's $1.9 trillion pandemic aid package, a major step toward enacting the first legislative priority of the new administration as the devastating fallout from the spread of Covid-19 has left Americans in dire need of further relief.

Read this just now. Rise on Monday?
Looks like it still has to go before the senate - https://www.bbc.co.uk/news/world-us-canada-5622137...

Doubling US min. wage - might that also increase inflation ?
Senate will kill it, especially with that crazy minimum wage proposal, admirable but go up in stages not double in one hit.

Think most people think the 1.9 will get watered down 1 to 1.2

Phooey

12,575 posts

168 months

Saturday 27th February 2021
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Afternoon all smile

Do any of you guys follow, or watch anyone for example on Twitter? I've started to follow someone called Myles Mcnulty, a chap called Zak Mir and a few others but also tend to ignore those that constantly pimp certain stocks. If so, who do you listen too?

Cheers


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