Ashtead Share Discussion Threads

[servicewash] 14/5/2024 14:02

Looks like the volume has picked up considerably in last half hour which is an important element in a sustained upward movement. Volatility increased significantly from circa 13:30 with a number of lucky buyers snapping up some bargain prices and the price returning to its upward trajectory shortly after. Could this unusual activity be laying the foundation for a move towards a new ATH? The trend remains firmly on track upwards so it looks like there's still plenty of juice left in this move. Any views from the skilled resident chartists?

[palwing32] 14/5/2024 01:09

We have seen it far too often, but have been around long enough not to rise to it. I am far too old to join in the banter. I do sense some desperation in his posts though, which is sad to see if true.

[fenners66] 13/5/2024 22:13

palwing
It seems steveberyl on the PET thread fits the archetype deluded fantasist pet shareholder model perfectly.

[palwing32] 12/5/2024 14:37

Yes indeed. Tomorrow or Tuesday could be a bloodbath when the penny drops. It's the rinse, repeat cycle all over again. Seems to be a 5 yearly cycle. "One day Rodders, one day" springs to mind.

[fenners66] 12/5/2024 02:06

palwing32 - seems the gamblers on the PET thread are getting despondent again....
crocodile tears from some who already made a gain and sold out prior to the weekend.
You can see some of the trades.

[fenners66] 10/5/2024 13:07

Given the fact the economy is "officially" back to growth and perhaps we can move on from the media invented cost of living crisis...despite much higher interest rates , I think it was the correct thing to do to raise rates and moderate demand.
Sure there was a supply problem but rather than just wait and let inflation take hold - especially as the unions see their main chance , some inflation and media support to tarnish the incumbent government with extended waiting lists and less money for tax cuts / investment - the BOE had to actually play its part and do something.

I think they are reluctant to reduce rates before the ECB or the FED as they do not want the £ to drop and import higher inflation , oil costs . imports etc.

Stupid thing is we do not have any strategic energy buffer despite more finds in the North Sea as we continue to hammer oil industry with supertax and get rid of oil/carbon zero narrative - so remain beholden to world markets and imported inflation , which means higher interest rates , less investment in manufacturing and a long term worse economy. Virtue signalling our carbon emmissions whilst buying everything from China , where they are building more and more coal fired power stations to support production , then importing across the world with mass emmissions !

[disc0dave46] 10/5/2024 11:08

Good day Mr bYeah fair enough, potentially only 3 more needed for a cut and that's the majority decision. It's all a farce IMO, the BoE are independent with zero regulation, or challenge, on whatever they decide - and they are making major decisions based on a model that they themselves know is seriously flawed, crazy!. Inflation was not demand driven it was supply driven and would have normalised naturally without the interference from the BoE et al....but wtfdik.Rant over and sorry folks for off topic.Have a good day all :)

[servicewash] 10/5/2024 10:31

Bullish MACD crossover occuring. When this happened last time - two weeks ago the price visited a high of 6144 in that move. Will we see something similar or a bigger one this time?

[casket1] 10/5/2024 10:18

14 day RSI up at 70.....looking overbought ?

[palwing32] 10/5/2024 08:14

Agreed...the MM's should make a killing today. Wouldn't want to be out over the weekend, etc. We have seen and heeard it soooo many times. It would be nice to get some sort of return one day before I die though...I live in dope. Pun intended.Apologies off topic to all.. that's the end of that. Back to good old AHT.

[fenners66] 09/5/2024 20:23

palwing32 - Re PET , with "Terry" repeating full on ramp mode with all the same maps and references etc as used for decades ... yes rinse and repeat , they have another narrative event supposedly happening this weekend so the gamblers are laying their bets on Leicester to win the premier league.... This Season ...again.

Some will have cashed their chips as the share price has risen but likely the naive will be left holding the hand grenade.

[bracke] 09/5/2024 19:49

Good day disc0

7 no cut- 2 cut. One more voted for cut.

Being fair to Mr Bailey if it's 7:2 against a cut not much he can do.

You can bet Mr Sunak will be dropping hints.

Will it be 2 or 3 cuts by November?

[disc0dave46] 09/5/2024 13:19

Rates held, no great surprise, personally I think he's missed the opportunity to show his metal, not just the FED follower but also to show on a global front that the UK is on the up and won't be a laggard from an investment perspective. At least one other member voted to cut.Oh well :)

[disc0dave46] 09/5/2024 11:36

Thanks for that info.Although I think Mr b (not our guru Mr b but the incompetent BoE Mr b) should cut, I doubt he has the balls, but will be interesting to see how many voted for a cut, last time only one did.

[ramellous] 09/5/2024 08:55

Interesting that Ashtead was tipped on CNBC Half time report yesterday.

[palwing32] 08/5/2024 12:42

Off TopicFenners...PET..rinse and repeat?

[bracke] 07/5/2024 13:37

Good day Thompsonnic

Good idea. She'a probably a lot nastier.

And maybe a carrot to go with the stick in the form of a Peerage.

[thompsonnic] 07/5/2024 08:24

Bracke

Call in the heavy mob.....Boris

Don't you mean Penny Mordaunt.

[bracke] 06/5/2024 12:22

Good day disc0

Alternatively Mr Sunak may be inclined to put him in a headlock to 'encourage' him to make a cut or two prior to the election. If Sunak doesn't fancy doing the job himself he could call in the heavy mob.....Boris!

[disc0dave46] 05/5/2024 13:00

Mr b"Mr Bailey go it alone with a rate cut, where do you get such outlandish thoughts!"lolYou never know, miracles do happen, and his week of reflection (post the FED decision) whilst relaxing in a Bognor Regis B&B, may inspire him to take the opportunity to show Mr King and his critics that he can actually make a decision despite his forecasting model being a pile of Pooh!.....his moment of glory awaits!.

[bracke] 03/5/2024 19:58

disc0

Mr Bailey go it alone with a rate cut, where do you get such outlandish thoughts!

[disc0dave46] 03/5/2024 13:16

Good afternoon Mr b"Remember a broken clock is correct twice a day"That was my point really and not worthy of posting such nonsense where such a guru as yourself resides :)As for Mr P, no comment!, NFP in a few minutes time so let's see if our cousins panic, ignore, or get too excitable. Forecast I believe is 243k.Be interesting to see if our Mr Bailey actually does something next week he's not done so far - make a decision ignoring what Mr P has done this week and apply some common sense and cut, but somehow I very much doubt it!.

[bracke] 03/5/2024 12:51

Good day disco

"trt’s predictions are like a broken record, or is it broken clock!. Either way a wind up."
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Remember a broken clock is correct twice a day.

In the meantime I thought Mr Powell avoided 'rocking the boat'.

I have come to the conclusion the aim is to keep 'things steady' and if possible at least one rate reduction just before the November Election. If the pressure is for a rate increase hold it off until after the election if at all possible.