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@JayK - Radical SR3's, never driven one, though heard they are nippy, didn't they drop the Suzy lump in them ?
Years back one of my bikes was a Hayabusa so I can only imagine the fun you had.
Which leaves us both with shared sorrows, similar to many others, having exchanged ridiculous fuel economy for eco friendly Dad's taxi lol
In fact it makes me smile when I see your ID pop up 'as the man himself ' we used to give-way to each other in the lane most days, always respecting the fact neither of us wanted to damage our rims lol.
Such a nice person, few times I even witnessed him paying for elderly people's shopping.
It will be interesting to see how much the top end car market reacts in line with peoples true budgets.
Always a sign of real trouble when high end cars start to flood the market.
In reality I can see all these fixed rate homeowners, with leased or financed vehicles and rising living costs. Very soon having a real reality check.
Maybe i'm wrong, historic scenarios may not play out, can't help thinking that what is on the cards is not going to be a light hearted as Bailey and his crew think, hope.
If the Feds / CB's / BoE enforce (of which its only a matter of time) their own D'C, then like Jamie Dimon (Chase's CEO) publicly proclaimed at Davos yesterday "Bitcoin is a hyped up fraud, its like having a pet rock" . . . Won't be long before the Kings clothes are paraded on the Wall Street catwalks.
Considering the sectors commercial property festering away, Opec taking the p155 and our younger generation living life with their only worry / concerns is how good their selfie camera is.
One thing this past decade has achieved is a generation of spenders, not savers lol
So once we see a comparable dividend, markets settling, then there is no reason retail bank shares can not start picking up some lost ground.
Have a fun snow boarding, off now myself and hope everyone else has a great weekend too.
@MrWolf - Hell no on a P1 or Senna, not my profits lol. I can only imagine what the LFA was like! I sold my Radical SR3 RSX post Covid as we were moving house and had our first child on the way, shame but I was offered what I paid 2 years prior, and it needed an engine rebuild as it had done its 40 hours, so I couldn't say no. Its the fastest thing I've ever driven, your neck takes a beating, fastest road I've been in is probably the 765LT at Donington, a friends, absolutely mega. 2 days before my little one was born my Cayman GTS was delivered, I did about 600 miles it in a year and started a house extension, so given the market I was able to sell it and only loose £1000 over a 10 months. The car market seems to be falling, a lot of cars sitting around, cars coming down but dealers holding on to the prices, hoping spring will see them shift. With cheap money no longer here I think spring will not give the market the boost it needs, hopefully not as I'd like to buy in at a lower price, Cayman GT4 or McLaren 570S, 600LT would be mega but I'm not making enough yet, and 2nd child here in 2 months! It's all good fun, something to work for lol.
I hope everyone has a good Friday and next week, I will be in the Alps, but keeping an eye on the charts in the evening, gotta love it! GL All.
Forgot to add: I think the crypto fall out may well see off a number of newish 'investors/traders'. Among the younger demographic anyway. Not sure if a lot of that cohort will suddenly convert to (IMO) real equity assets, be they dividend blue chips or small caps. Maybe some of the large tech stocks I guess. Could be frying pan into the fire, if so!
I agree that last year was the start of a recession, to all intents and purposes. This year logically must be worse, given the impact those interest rate rises are going to start to show effect on, from SME's to large, debt-laden corporations. Of which there are many. Not to mention on many, many individuals. Not just those without long fixed mortgages. Stagflation is going to be hard to avoid IMO. But enough bearish rambling from me for one day. Good evening all.
30 at least, although I will do some light trades (or investments if it goes wrong!) prior to then. However, totally agree with the Peter Lynch sentiment of more money being lost waiting on the sidelines trying to time the market than lost staying invested. Up to a point anyway. After all, his career spanned a 40 year bull market. Which I think is not the cycle we are still in now. Hence my not keeping some here to ride the waves, which may or may not be a good call of course.
Vix is a long way from an exact science of course, but I would only start buying more heavily in various equities if we see a really high vix number. Have a look at the historic chart to see what it can do, when the fear is 'real'. Right now, it is barely a yawning cat. AIMO.
@LWHL - what level would you like to see the VIX at? The problem with indicators now is they do not take into consideration of the money already removed from the market in crypto, i actually think we have already had the recession last year, for that reason. As you say they keep changing whats a 'recession', where as the margins are so small it can be adjusted from negative to positive growth it screams stagflation\recession to me, i just think another market crash straight after covid is unlikely but what do i know...
@MrWolf - i had a cmc markets account previously, not tried Eye G yet so think ile give that a look next, problem i had with cmc previously was price refreshing just as you hit nail on the head making it go NT trade, seemed to much of a coincidence to me as happened many times, saying that charting software is my favourite of them all.
ND ))
Thank you MrWolf. I was a bit lucky with the timing I guess, and while the trend can and will change sooner or later of course, for now my opinion of the trend is unchanged. IMO, if this is the start of the next leg down, rather than a more serious elevator moment (less likely at this point, I think) then a bear market rally will likely soon follow again...and then there will be more opportunities to buy lower and hopefully sell a bit higher.
Newdealz: IMO the vix is not nearly high enough to suggest we are anywhere near a bottom. We can avoid a recession if we keep altering the definition of what constitutes a recession. Sooner or later, earnings reports this year will give us less wiggle room to debate the matter. Maybe in either direction, who knows? I thought the wheels would have fallen off long before now, so I certainly don't :) GLA.
Good afternoon all
About time this dinosaur got with the times and blended in with the @'s lol
So, @ Newdealz, yes its always a good indication to glance at the yeilds.
If your looking for another provider, may one suggest CMC Markets, which I have no issues with, where as "Eye Gee" are great for general purpose, few issues with them over the past decade. though fair play to them when they have been "caught out" they credited my account within a few hours.
Yes I do day trade still, though only at times of volatility, especially when main indis are trying for higher highs ect.
You are quite right to question any recession impact / many others are trading cautiously atm
@LWHL Good advice you posted, "Let the trend be your friend"
@MrA Trust this day finds you well and profitable too, Barcs are just taking a gasp / breather.
@JayK Out of interest, would that be an order for a new P1 or a 12c with those recent profits , if its a P1 then im trading the wrong strategy lol. Those Senna's are stunning.
Though may I chuck in a curve ball to your line of thought, take a gander at the Lexus LFA if you get the opportunity, only ever driven one once, blipped it up a dual carriageway and handed it back.
Surprised the council (noise pollution warden) hadn't been called out, its like standing behind the teams viewing screen at Silverstone, when the drivers engage power and pull out into pit lane, in what seems to be a matter of seconds.
Thats the only way to describe that LFA .
@Wayzgoose Well done, always nice to read others making profit.
Half expect this action yesterday, it was clearly on the cards though, refreshing and very much needed.
IM done for day, GLA
morning board, 2 and 10 year yields are falling, mixed indicators of where the SP is heading, im waiting for the market to take me out or news, i like to be in the market for those big recovery rises, 1 down and hopefully another to go leading up to ex divi and end of year.
A gap down this morning at 179ish which will likely get filled before it moves off imo.
Just listening to financial news, they say there has never been a market bottom in the 100 years before a recession starts, question is do we break that rule or head into recession?
Sounds like me on both accounts there LWHL. I read a lot about TESLA and decided not to buy right now. Also didn't realise Barclays helped finance the Twitter purchase for Elon as well as other banks, who are now holding the debt as they cannot offload it, know one wants to buy it. Twitter has its first interest payment due soon, staggering amounts. For me generally stocks follow markets, but some don't.
I would not touch Tesla with a barge-pole at the current price (to the poster who asked the other day) - but I could be wrong of course. US markets look ripe for the next leg down, IMO and as another poster said, we almost always follow their direction of travel. But the stock market operates in a parallel universe to the real world (otherwise it would already be much lower - again, IMO) so maybe this is a great buying opportunity? I am remaining on the sidelines for now though. GLA.
It hard to judge, and we make our decisions then regret them usually, welcome to the human mind lol. My thinking is, if the US market continues to drop after its rally, just like it has done previously UK gets dragged down with it. Once the dust settles I'll get back in, especially for the dividend, but for now happy on the side lines watching and trying to wait patiently.
Wayzgoose, no such thing as a bad profit. Well done and good luck my friend. Regards MrA.
Just bought back my 20,000. Made 550 pound trading, won’t be doing again as believe this will be over 2 pounds after results and don’t want to miss rise.
JayK, thanks for update. I note MrWolf also activated a short. Yes, today will be a stinker. Gut is telling me to see if 180p returns or Uk Base Rate increase to 0.25% materialises. Hmmm…
Good Luck All, Regards MrA
Weakness setting in again Mr A. SPY hit down trend resistance I mentioned and absolutely tanked, it was a lot more agressive than I thought. FTSE is probably going to be tight today, with most volume around 7789. I exited BARC this morning at 179. The FTSE was unable to push up higher and so was BARC. US is looking extremely weak, and I think any rally will be short lived. So for now I'll take substantial profit and sit on the sideline until I am happy to get back in. Away snowboarding in Tignes next week, if the market doesn't give me an opportunity maybe I'll use that as excuse to buy a Mclaren for the summer lol.
GL All.
Morning All,
So the inflation announcement of a marginal reduction turned out to be somewhat disappointing. 180p breached this morning, to be expected with the DOW having two days of falls. Let’s see how the States open this afternoon, which I suspect will set the tone to see if they can close 180p+?
Thanks for the posts all. Good Luck. Regards MrA
Brilliant, thank you
Not posted for a little while but have been accumulating barc shares, I wanted to find out that Barclays partnership with apple will be coming to an end. Is anyone aware of Barclays partnerships with other companies in the pipeline. Surely Barclays would be looking for another big customer to provide the finance partnership with.
@JayK - depends what camp you sit in when it comes to net zero, im cautious of anything riding high on Lithium, Volt UK got dropped as not sustainable, i also do not like their right to repair, each battery in a tesla has over 6000+ cells in 1 unit, thats 6000 more chances of your car going wrong on top of all the gadgets inc, customers are finding out now once out of 2 year warranty that the car is next to worthless once the battery goes, the engine management system wont allow car to start once a few cells go faulty, (depending on where they are in the banks of the battery) Tesla only allow in house repair and no right to repair, over $20,000 for a new battery from Tesla for used car...... I think the novelty of this tech will wear off, until another greener method is found. Just my two peneth worth from a tech angle and worth mentioning.
@MrA - thanks for that, im late today and no drop on wider market so im guesiing inflation dropped a little...
@MrWolf - you just day trading now then, i need to get a bit more active with my trading, im all at present on various shares biggest holding is Polymetal which im 50% up at present, holding my nerve is paying dividends right now.
Im looking for new software setup, what brokers and platforms do you guys use? Currently with ii who've just updated app and not keen on it.
Morning all
JayK . . . Sorry cant assist on that one, cut away Telsa a while back now.
MrAltruistic . . . . Just keeping you in the loop. Added to my S @ 182 and on this mornings open, the book at sub 180 was well defended. Still managed a "Bread and butter' profit, despite I was hoping for a couple more pips.
This is my intended strategy until the finals, so please excuse me if I don't post the small action.
Just set my auto pilot up for the day, thats my screen action finished for the day.
GLA
Hey Guys, Some good posts. I was wondering if anyone had taken a look at TESLA stock recently? A fall from 414 down to 102 on Friday 6th Jan, some extremely high volume around this area and now 131. I know Musk sold a lot of his stock for Twitter funding, the recent drop in car price, in the UK i know a Model 3 was 40K, then 46, now 43K so I don't think that this has had a negative effect on profits. Sold 1.3m cars last year and the market believes it should hit target for earnings on Wednesday 25th Jan. I am tempted to purchase Tesla, even partially or fully exit BARC and go Tesla, just weighing up the potential. Anyone else invested or looked at Tesla? Cheers.
Newdealz, and all, tomorrow should be interesting as the latest CPI (inflation) Rate for December 22 should be announced circa 7.00am with the markets opening at 8.00am, the reaction should give us some clue as to the short term direction to both the market and especially a bank stocks. Fingers crossed that if it goes the way I think/hope it does, then I would not be surprised to see a further healthy leg-up tomorrow?
Good Luck My Friend. Regards MrA
nice little breather today, we might get more of the same again tomorrow, a healthy consolidation with a steep north trajectory above the 200, 190 is next stop.
Good Morning all,
Good comments made by DB2014, historic price of 50p ect was down to scrap book panic, just like Pendragon the same morning (Barclays were their backers at time) Pendragons directors should have been investigated by the SCO.
Kasher re mortgaged his nanna's gold teeth to buy up Pendragon shares at sub 2p that open
Amazing what a 5am (confirmation) tip off that QATAR was bailing out Barclays and meaning Pendragon was saved from collapse.
If it was ever a case of "Insider Trading" I will never know !
Historic rant over lol
GLA