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Smart move SttB: Like me, you are already at least 10p per share better off than you were and can re-assess if/when the price steadies and decide whether it's still interesting or whether you want to move on to something else. The price does look likely to continue downwards and, whatever your views on OCDO, it's better to be out during a drop.
Random poster on LSE: "Humans have triumphed over robots."
Skynet: "Hold my beer..." ;o)
Interesting discussion on the human v automation and timing aspects, thanks to all for bringing some sanity to the forum for however brief a moment. Long way to go and plenty of swings to come I feel, but will Ocado last the journey on its own merit? First mover 'advantage' may not always be that, although I can't see that anyone else would now try to invest what would be needed to build a better equivalent in the current macro environment.
Don't believe all the negativity you read on boards like this. Ocado last trading update was a positive one. Shorting is temporary. Could rise back above 500p as quickly as it's been bought down.
Bailed out yesterday at 291p. Too much negativity. I was looking for a bounce but its dropping too quickly for me. Painful but pleased to be out.
Probably looking at it longer term not like some of the muppets on here.
Yep Cable and wireless with hosting a perfect example!!
‘Really sad to see this getting so battered… ‘
There’s no room for emotion when investing - stay focussed and alert to your investment.
On which point, I would draw attention to today’s 15’ chart https://invst.ly/15cqq6 and make three points:
1) The sp has continued downwards, because Tuesday’s second punch from MS put an end to any recovery from the fairly minor Sobey’s news (upon which I exited as the next phase was very likely to be downwards, whether justified or not)
2) Tonight’s UT was the day’s low, yet charts like Investing.com mark the volume as ‘green’ (ie ‘buys’) even though the price fell sharply after the market closed. This is a quirk of the algorithms used to assign buy/sell indications to trades even though, as we know, the UT is a matched set of transactions.
3) The knife is still falling, here’s the daily chart: https://invst.ly/15cri- : 280 last showed support in 2017, along with 240 and, to a lesser extent, 260.
Look at the large holders in other large failing FTSE companies. You'll see big well known investors holding shares that have shrunk in value. Professional investors often get it wrong..
Anyone here still at least a little bit positive on the upcoming results?
Which ones have loaned shares out to hedge funds?
From here:
https://uk.marketscreener.com/quote/stock/OCADO-GROUP-PLC-6413974/company/
we have other top investors with "diamond hands" as follows:
Spencer Roditi
104,450,259 12.58 % 497 M p
Baillie Gifford & Co.
99,273,107 11.96 % 472 M p
Jörn Rausing
83,879,642 10.11 % 399 M p
Citigroup Global Markets Ltd.
71,978,000 8.671 % 342 M p
KROGER CO. (THE)
47,700,000 5.746 % 227 M p
Capital International Ltd.
43,556,000 5.247 % 207 M p
Lingotto Investment Management LLP
42,091,631 5.071 % 200 M p
Generation Investment Management LLP
34,202,814 4.120 % 163 M p
Timothy Steiner
29,501,138 3.554 % 140 M p
Capital Research & Management Co. (Global Investors)
29,321,236 3.532 % 139 M p
Wages have been suppressed for years due to the usual supply and demand equation. If wages were fair and had risen in line with inflation over the last 20 years, we would absolutely be needing Ocado's robots.
Robots are more flexible than humans; they can work whenever you want and are scaled up by simply installing new ones (or scaled down). You can fire and hire them at will and ad infinitum.
I find Ocado interesting. Many tech is good in theory but bad in practice. Ocado is both practice and theory. It isn't an easy feat.
Many companies have had good tech but bad timing. If the timing is wrong the market can bring you down with ease..
https://www.triplepundit.com/story/2016/good-tech-bad-timing-power-market/56941
My own take is that with an ageing population, pressure on curbing migration and a desire to finally increase productivity, automation and robotics have a secure future. The problem is it's a very long term trend and I really don't know if OCDO in particular will prove to be a profitable way to benefit. Plus I am too old to be that patient. However, in the meantime, OCDO is a volatile stock, subject to sentiment, bid rumours and the like, and, having just bought for the 1st time this afternoon (small position), it is this latter way that I hope to play it.
Fair point.
if human wages would become so expensive that Ocado clients would get an competitive advantage using the Ocado tech…then the stock should be getting some traction.
Macro economic forces are also agains Ocado atm
US shoppers tighten their belts in a most unlikely place: the grocery store
US shoppers tighten their belts in a most unlikely place: the grocery store
Grocery giants have chosen to use their extensive store networks to service online shoppers, rather than invest in dedicated standalone fulfillment centres.
That means there is no obvious market for Ocado robots.
Humans might be less efficient than robots but they are flexible. Staff can switch between serving online and store customers with ease.
Robots are efficient but currently inflexible. When customers shift from online to store shopping they stand idle, twiddling their tiny metal thumbs. But they still have to be paid for, because development and installation is expensive.
It was a nice idea. But grocery players have voted to keep their store networks intact.
Humans have triumphed over robots.
So, what's the point in Ocado.
I think they are regretting their purchase..
This happened exactly one year ago:
https://www.lse.co.uk/rns/OCDO/holdings-in-company-k32d9zqcsgxogpy.html
Lingotto went from 0 to 5%.
Price was 530p on that day. Wonder what Lingotto are thinking now? "Diamond hands"?
HY results due on 16th of July. No idea what to expect anymore
When is the next trading update?
Shorts keep adding and sentiment crushed. Really sad to see this getting so battered
Lol Ali G
Morgan Stanley cuts Ocado price target to 215 (345) pence - 'underweight'
Needs to close in the 290s, which it may because it looks a little oversold.
Personally, I think it will close above 290 today, but 280 will be tested this week.
Just my (amateur) opinion based on *some* knowledge of technical signals.