What’s your big gamble? (Volume 4)

What’s your big gamble? (Volume 4)

Author
Discussion

petemurphy

10,122 posts

183 months

Tuesday 28th June 2022
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Chris Type R said:
Hey petemurphy, where have you been ?
Crying mostly!

General Price

5,252 posts

183 months

Tuesday 28th June 2022
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petemurphy said:
Crying mostly!
Like the boy with a load of crypto.

His pal hadn't seen him for a while and the first question was,are you worried about your money?

He replied,I'm sleeping like a baby

So you think it's going to come back then?

Don't know,I'm waking up every 2 hrs crying.

Vanity Projects

2,442 posts

161 months

Tuesday 28th June 2022
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vulture1 said:
Someone here or the other thread mentioned they bought poly today or yesterday.
Some news for them here

https://www.ft.com/content/3ed162ac-6b93-477c-80bf...
Ive some poly. It’s going to get interesting if they keep turning the screws on Russia.

They’ve managed to navigate it so far and the whole G7 gold thing was largely symbolic since Russian refineries have been delisted for some time.

I’ve got £4K in there and just ignoring it. If they stabilize things, the dividend will come back along with the share price. If not by the time I write off the £4K loss inflation will have rendered it meaningless- probably.

Edit to add, I’m still mainly short the market and gbp. My GBP short/long CHF is paying off and I’m short nasdaq and spx.

I’m going to buy a bunch of Centrica since wholesale gas has dropped but the price cap has locked in a healthy profit margin. Might even be a sniff of a dividend - though how they possibly square that with under pressure consumers will be interesting.



Edited by Vanity Projects on Tuesday 28th June 21:11

Chris Type R

8,028 posts

249 months

Wednesday 29th June 2022
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Looks like we need to brace for another red day, following the markets in the US yesterday and Asia this morning frown

vulture1

12,220 posts

179 months

Wednesday 29th June 2022
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Vanity Projects said:
Ive some poly. It’s going to get interesting if they keep turning the screws on Russia.

They’ve managed to navigate it so far and the whole G7 gold thing was largely symbolic since Russian refineries have been delisted for some time.

I’ve got £4K in there and just ignoring it. If they stabilize things, the dividend will come back along with the share price. If not by the time I write off the £4K loss inflation will have rendered it meaningless- probably.

Edit to add, I’m still mainly short the market and gbp. My GBP short/long CHF is paying off and I’m short nasdaq and spx.

I’m going to buy a bunch of Centrica since wholesale gas has dropped but the price cap has locked in a healthy profit margin. Might even be a sniff of a dividend - though how they possibly square that with under pressure consumers will be interesting.



Edited by Vanity Projects on Tuesday 28th June 21:11
Yes I have about 2k in it. If it ever comes back I'm in for double or trippling my money and would be nice to hold with a huge dividend.. if it doesn't well similar to above with you I've kinda just forgotton about it as any actual money

SimonTheSailor

12,597 posts

228 months

Wednesday 29th June 2022
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EUA heading towards 5p - that's really f*cked me up !!

Chris Type R

8,028 posts

249 months

Wednesday 29th June 2022
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SimonTheSailor said:
EUA heading towards 5p - that's really f*cked me up !!
Not surprising considering the trading loss & no significant hints given about the sale process.

I'm down a chunky (for me) wedge frown

ToastMan76

530 posts

73 months

Wednesday 29th June 2022
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I bought a little bit into TUI at between 1.55 and 1.88 thinking it would bounce, and longer term I think it will. Only question now is do I buy more as its at 1.38? Seems if it ever gets back to 2018 levels its a no brainer, and I cant see them going the way of Thomas Cook and Monarch surely, as they are pretty much the last one standing??

ferrisbueller

29,328 posts

227 months

Wednesday 29th June 2022
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I'm similarly tempted by Carnival again.

Adam.

27,247 posts

254 months

Wednesday 29th June 2022
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Chris Type R said:
SimonTheSailor said:
EUA heading towards 5p - that's really f*cked me up !!
Not surprising considering the trading loss & no significant hints given about the sale process.

I'm down a chunky (for me) wedge frown
My lost wedge is painfully large - might fly to Moscow and shoot Putin myself.

Can't bring myself to look at the PF, down roughly 50% now

Praying the AGM will offer some respite but knowing this BOD I doubt it


Edited by Adam. on Wednesday 29th June 17:07

Shnozz

27,475 posts

271 months

Wednesday 29th June 2022
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ferrisbueller said:
I'm similarly tempted by Carnival again.
Surprised how badly they are doing at present in some respects. Likewise Saga.

Skyedriver

17,856 posts

282 months

Wednesday 29th June 2022
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A few times recently one or another in my sea of red has made a remarkable recovery although not back into positive territory. I've been tempted to sell (at the reduced loss) and then (hopefully) buy back in at a lower level thereby getting an increased number of shares for the same money. I've generally not done this due to fear that the price won't drop back although it inevitably does. I'm looking at SNG, AVCT as two recent examples.
Take more chances or hold for the long term?

Adam.

27,247 posts

254 months

Wednesday 29th June 2022
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No choice now, the latter

egomeister

6,700 posts

263 months

Wednesday 29th June 2022
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Shnozz said:
ferrisbueller said:
I'm similarly tempted by Carnival again.
Surprised how badly they are doing at present in some respects. Likewise Saga.
Morgan Stanley have slashed their price target by nearly 50% and have a bear case of zero. That can't help...

ferrisbueller

29,328 posts

227 months

Wednesday 29th June 2022
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egomeister said:
Shnozz said:
ferrisbueller said:
I'm similarly tempted by Carnival again.
Surprised how badly they are doing at present in some respects. Likewise Saga.
Morgan Stanley have slashed their price target by nearly 50% and have a bear case of zero. That can't help...
That's what prompted today's drop I think. No doubt they're buying loads at the lows they induced.

Adam.

27,247 posts

254 months

Thursday 30th June 2022
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They can’t, google Volcker.

Some right nonsense spouted about investment banks (I was 20 years at GS)

ferrisbueller

29,328 posts

227 months

Adam.

27,247 posts

254 months

Thursday 30th June 2022
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Within a mutual fund structure yes they can, they can’t prop trade.

And the Chinese walls between research and buy side are highly regulated.

Shnozz

27,475 posts

271 months

Thursday 30th June 2022
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egomeister said:
Shnozz said:
ferrisbueller said:
I'm similarly tempted by Carnival again.
Surprised how badly they are doing at present in some respects. Likewise Saga.
Morgan Stanley have slashed their price target by nearly 50% and have a bear case of zero. That can't help...
Wowsers. Ouch.

Skyedriver

17,856 posts

282 months

Thursday 30th June 2022
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Chris Type R said:
Looks like we need to brace for another red day, following the markets in the US yesterday and Asia this morning frown
And repeat, Jeez this is painful.