Stock Market

FTSE 100 up another 2.5% today and FTSE 250 up 5% following gains on Wall Street yesterday
That's a couple of weeks of stability at around 5,500 and now some signs of growth - is this the new calm with all of the bad news factored in or will there be more volatility to come?
 
I think you are over-analysing it. It looks like a lot of opportunists just playing games with other peoples money to me.
 
basilrobbie said:
I think you are over-analysing it. It looks like a lot of opportunists just playing games with other peoples money to me.
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It's interesting, I like to hear what the pros on here think because the markets indicate where the economy is probably going in the next few months which will affect us all.
 
After several weeks of volatile trading, stock markets have been rising this week.

London’s FTSE 100 share index is up more than 2% on Tuesday, after a 3% rise on Monday, and other major European markets are showing similar increases.

This follows big gains in US shares on Monday, with the Dow Jones Industrial Average jumping 7.7%.

So why are shares rising? Analysts say it’s because there are signs that the spread of coronavirus might be starting to slow.

“Investors are reacting to indications that lockdown measures in the UK, US and Europe are beginning to ‘flatten the curve’ of coronavirus infections and fatalities,” says Russ Mould, investment director at AJ Bell.

However, he adds: “The market’s relief is only likely to last so long, and attention will soon turn to how countries intend to exit the current containment measures which have in effect hit the pause button on the global economy.”
 
BFC76 said:
After several weeks of volatile trading, stock markets have been rising this week.

London’s FTSE 100 share index is up more than 2% on Tuesday, after a 3% rise on Monday, and other major European markets are showing similar increases.

This follows big gains in US shares on Monday, with the Dow Jones Industrial Average jumping 7.7%.

So why are shares rising? Analysts say it’s because there are signs that the spread of coronavirus might be starting to slow.

“Investors are reacting to indications that lockdown measures in the UK, US and Europe are beginning to ‘flatten the curve’ of coronavirus infections and fatalities,” says Russ Mould, investment director at AJ Bell.

However, he adds: “The market’s relief is only likely to last so long, and attention will soon turn to how countries intend to exit the current containment measures which have in effect hit the pause button on the global economy.”
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Exactly as I see it. Sentiment will turn again soon and expect another fall. I just hope Simon Sadler is using this volatile market as an opportunity to make profits.
 
GrahamwantshisOates said:
Wow didn’t realise the crude oil price had increased to over 20% today.
This must be to do with the deal with Russia and Saudi Arabia to reduce production.

I bought hurricane energy at 9.5 ( again) on Monday and up £300 now. Think it will rocket when the markets open in the morning.

Have placed a large trade on Gilead life sciences this morning. They are in advance of developing an inoculation ageist Covid- 19. High risk but it will shoot to the stars if successful
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Anyone take notice of my tip on Gilead life sciences. This was posted several days ago.
This is moving up quickly with promising results of Covid-19
 
The market is great for day trading at the moment with play money (not your future pension), but if you are investing for the long term I would wait and see.

A few points missed over 5 years is not important especially when the whole thing will probably collapse around you at any moment.

That’s my view anyway!!
 
GrahamwantshisOates said:
Anyone take notice of my tip on Gilead life sciences. This was posted several days ago.
This is moving up quickly with promising results of Covid-19
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I did check them out. The price was coming out a lot higher on the bid price, something like £60 GBP per share, so I didn’t bother.
Managed to get Costain at 40p before the HS2 announcement put them up over 100% this week.
Also taken a bit of a punt on John Menzies, anticipating easing of travel / flight restrictions soon. Oh, and ITV, and Bushveld Minerals for the vanadium needed to harden the steel for HS2 & Crossrail 3.
 
A seaside colleague recommended Bushveld minerals a couple years back. I bought in around 26 p and sold when they hit low 40’s. I bought back in again when they fell back to my original buying price and held on to them since. Notice they dipped to 10p before recovering to 14p. I will keep my eye on them and buy more to hopefully average out ,depending on the way the market swings.
 
Aston martin might be a good flutter , trading about 60p atm and as of today the mercedes F1 guru Toto Wolf has just bought a stake
 
Jakeyr said:
Aston martin might be a good flutter , trading about 60p atm and as of today the mercedes F1 guru Toto Wolf has just bought a stake
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Good shout about Aston Martin. Super car, super cheap stock price atm.
Bushveld might make a small profit but doubt they will fly. Bought at 9p; probably sell if they reach about 35p
 
GrahamwantshisOates said:
The problem with a lot of pension funds/ ISA’s is that they are not allowed to short the stock market.Many are only allowed to sell 20% of holding into cash too.
Shorting is considered gambling in the financial fair play rule.
Of course this does not apply to hedge funds as the name implies.
Hedge funds are often guilty of manipulating the markets too.
This recent rally is a “pump and dump” tactic. It makes some think we have reached the bottom and buy back.
Just look at posts on this thread who have mistaken that the worse is over.
Lots will have their fingers burned by these upward movements.

I held my nerve after shorting ”Next” when the price spiked after I placed the trade.I am now in profit.
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OK so you know how the markets work, your post shows that. I don't give a flying fig for the markets. I want people to survive. Oh, and if it's any comfort I'd have the banks nationalised right now.
 
My pension went from having a profit of £11,5000 to having a deficit of £7,200 and is now £500 off returning to profit. Scary times but fortunately I don't retire for at least 15 years!
 
I don’t really understand the problem with making money at the moment. Life goes on and when this is all over some people will be better off financially due to being astute. What’s wrong with that. Sod morality, who wants to be skint their whole lives so as not to offend. Don’t forget, mone6 makes the world go around, always has and always will long after we’re all gone so why not cash in if you can and make life easier. I’m here for a good time not a long time.
 
Tangerinemoss said:
Pardon my obvious ignorance, but aren't the last two posts insider dealing ?
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I wouldn't have thought so as I know nothing considered to be confidential - he wouldn't tell me that anyway. I've not talked to him recently, but little has changed there. I am aware, from the oil industry media, that two of their biggest potential projects have recently had some bad news.
 
Tangerinetiltingatwindmil said:
Millions being wiped off share values by market makers(goblins).
hold your nerve most companies over sold.
But once big events and relatively smaller ones are restricted it could go even lower.
Then Yazz should then start to sing.
anybody brave enough to take a short term bank loan?
I hasten To add not me.😩
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Tullow up 25% today in line with jump in oil prices.
will hang on for a few more days.
GrahamwantshisOates said:
Thanks for that. I will break even (after costs) if I sell Tullow today
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Tullow up 25% on day in line with oil prices.
Will hold on for a few days.
 
Oates,

For Tullow, either hang on for the long play or get shot now. Today’s bounce is purely linked to Trump pretending to start a war with Iran. That won’t happen and crude supply is still drowning the world while nobody needs to buy. It’s under huge physical pressure and in the short term that won’t change and prices will can’t be supported by random tweets forever.
 
Rotterdam+Sussex_Seasider said:
I wouldn't have thought so as I know nothing considered to be confidential - he wouldn't tell me that anyway. I've not talked to him recently, but little has changed there. I am aware, from the oil industry media, that two of their biggest potential projects have recently had some bad news.
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That’s common knowledge, like the empty Peru offshore well, hence why I bought them at 7p, rather than the 250p they were this time last year.
Agree they are high risk though.
 
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straightatthewall said:
Oates,

For Tullow, either hang on for the long play or get shot now. Today’s bounce is purely linked to Trump pretending to start a war with Iran. That won’t happen and crude supply is still drowning the world while nobody needs to buy. It’s under huge physical pressure and in the short term that won’t change and prices will can’t be supported by random tweets forever.
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Maybe I’m being a bit too simplistic, but surely as countries are already beginning to ease lockdowns, with the UK to follow over the next few weeks, demand and use of oil will increase in line? That will start to resolve the storage issue and push the price up. Will it not?
 
GrahamwantshisOates said:
Tullow up 25% today in line with jump in oil prices.
will hang on for a few more days.

Tullow up 25% on day in line with oil prices.
Will hold on for a few days.
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I would get out of tullow and if you want oil stock invest in premier (pmo). Do you research? As if you did tullow numbers are not good.
 
Seasider said:
I would get out of tullow and if you want oil stock invest in premier (pmo). Do you research? As if you did tullow numbers are not good.
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I am only in Tullow Oil for short term as per my posts on this long thread. Lots of day trading during this lockdown
Tullow has rocketed another 35% this morning.
in at 17p (10000 shares) and just sold at 27p. They opened at 36p but lost out on the high price.
Nearly a grand profit in just over 24 hours.
 
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First time my pension has gone in to (very small) profit since this began - still well down in terms of profit but at least I'm now back to how much I've put in!!
 
GrahamwantshisOates said:
I am only in Tullow Oil for short term as per my posts on this long thread. Lots of day trading during this lockdown
Tullow has rocketed another 35% this morning.
in at 17p (10000 shares) and just sold at 27p. They opened at 36p but lost out on the high price.
Nearly a grand profit in just over 24 hours.
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I think the Tullow share price is down to them selling their Uganda assets for $575million to Total. This is in today's news.
 
Bought into US Crude oil at $12 a barrel, this morning.
Sure it can go lower still however this is a no brainier in the long term.
Already moved up to over $13.

The price is up and down like a hookers knickers. Great for trading.
 
I see the FTSE is slowly climbing maybe on the back of getting back to normal vibes being given out by the media and government ATM - up another 2% so far today after a similar rise yesterday
Currently over 6000 so 'only' 25% or so below where it was when this started
 
Scaramanga said:
I don’t really understand the problem with making money at the moment. Life goes on and when this is all over some people will be better off financially due to being astute. What’s wrong with that. Sod morality, who wants to be skint their whole lives so as not to offend. Don’t forget, mone6 makes the world go around, always has and always will long after we’re all gone so why not cash in if you can and make life easier. I’m here for a good time not a long time.
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"Sod morality". And there in a nutshell is the Tory mentality laid bare. It's all about cashing in on others' misery.
 
only added BP by £60 month but kept all the rest of my holding.
Reinvest dividends and you'll buy more at alower price.
After the lockdown oil prices will rise again.
Centrica up also on the back of this.
 
ElBurroSinNombre said:
I see the FTSE is slowly climbing maybe on the back of getting back to normal vibes being given out by the media and government ATM - up another 2% so far today after a similar rise yesterday
Currently over 6000 so 'only' 25% or so below where it was when this started
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Still very dubious on the rise in FTSE 100. Its all on optimism and as though nothing has happened. Still feel there is a huge correction to take place due to imminent recession. There may be further bad news too if we have a second wave and further lockdowns. I am sticking to the day trading until there are clearer signals. Also hedging both ways on some stock too.
 
glasshalffull said:
Anything on the radar for producing vaccine, test, treatment etc for the Coronavirus seems to be ‘on fire’ at the moment?
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I took a punt on Gilead life sciences a few weeks back and which I tipped on this thread. I bought in around $70 a share and sold at 80 making a nice profit of over £500 in a few days.
AstraZeneca seem to be in advance of developing a vaccine.
I am making a move in for them.
Definately a long term investment too even if they fail in the covid19 race .
 
GrahamwantshisOates said:
I took a punt on Gilead life sciences a few weeks back and which I tipped on this thread. I bought in around $70 a share and sold at 80 making a nice profit of over £500 in a few days.
AstraZeneca seem to be in advance of developing a vaccine.
I am making a move in for them.
Definately a long term investment too even if they fail in the covid19 race .
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My nephew gave the mrs a heads up on Omega the other day for a possible antibody test out soon. Sounds very risky though.
 
If looked at under accepted rules, the stock market is booming today. A “bull” market is usually defined as a stock market index that is up 20% from its most recent lows, so with the market's temporary recovery that's where we are. Tell it to all the businesses worldwide that are about to go bust.
 
Buy Gold. ASAP as well. Pension schemes are doing so and they are not fools. You don't have to be wealthy to have a small investment. there is a 4% charge when buying an a 2% when you sell.
 
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It’s very likely there will be multiple Covid-19 vaccines. Most countries have things in development - some further along than others, such as Oxford’s Jenner Institute
 
thecatintheroof said:
My pension went from having a profit of £11,5000 to having a deficit of £7,200 and is now £500 off returning to profit. Scary times but fortunately I don't retire for at least 15 years!
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Back down to £27 off returning to profit .. might even see a small increase by the end of the week 👍
 
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