Ashtead Share Discussion Threads

[bracke] 31/7/2020 16:02

Dropping to fill the gap. The main question is will 2400 support?

[bracke] 28/7/2020 10:35

The share price is having some difficulty getting back into the 2600-2700 range. Might the fall in the $ have something to do with it?

[bracke] 24/7/2020 13:34

Good day fenners

Very philosophical.


"Tell us he managed to do a "really hard" cognitive test...."
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The President considers such tests not worthy of his time. He delegates others to do them for him.


"Thing is he did not stop and think why people asked him to do it in the first place"?
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He has that in common with plenty of other politicians. Apart from which he knows what's best for the people, which is also in common with most other politicians.


"If he had failed the test badly, he would be the last person to ask how it went."
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The President does not fail! He is similar to the Pope....he is infallible.

[fenners66] 24/7/2020 13:23

Tell us he managed to do a "really hard" cognitive test....

Thing is he did not stop and think why people asked him to do it in the first place ?

If he had failed the test badly, he would be the last person to ask how it went.
In my experience those who fail , only remember the "kind words".....

[bracke] 24/7/2020 12:41

rescuer we don't need the Four Horseman of the Apocalypse when we've got you!!

I don't dispute any of what you've posted. It's a question of when and how bad.

Mr Trump is confusing me. He has made the markets his prime objective in his re-election campaign. Until the virus he was succeeding and even following the virus he was doing well but this week he has pulled back on his 'bullish' virus statements. More confusingly he has picked a fight with the Chinese which has disturbed the markets.

The election is three months away so I ask myself what cunning plan does he have to pull the markets back up. More stimulus? Tax cuts? Agreement with the Chinese? Whatever it is he's not one to do nothing.

[rescuer] 24/7/2020 11:38

back to the basics Bracke - go away in May - come back Labor Day (7th Sept), mkts are well over cooked - 1.4m more made redundant in the US last week.

130m made redundant in India (130m).

FED can't keep stimulating the IMF have already flagged this - 87 countries teetering on Sovereign wealth defaults,

supply chains breaking down

Famine in many countries due to supply chain breakdown

Retailers can't forward buy stock as most of global cheap manufacturing has been shut down - no Autumn or Winter collections as no stock.

Every BEAR Box is being ticked - tin hats time for Longs in most sectors - PMG's will be a safe haven - thankfully all of our banks have plenty of headroom and performing well on stress tests, other than that, i can see carnage in about 2 months time.

never in the 20 years of trading did i think i'd turn into a bear trader, with focus on all negatives - really can't see any upsides out there in any sector.

JDW nailed on to bust - many like that to boot.

stay short

stay safe

[bracke] 24/7/2020 10:37

Good day rescuer. All well with me.

1600!!!!!!!!!!

Just let me compose myself..................1600 would be a more than major fall. Other than something seriously amiss at AHT it would have to be a collapse in the US markets which would also be a collapse in the global markets. That is not a pleasant prospect.

On my chart, which I have tried to post but ADVFN will not accept, my first target is a gap fill at 2400. If that did not hold then the long term lower trend line from 2016 currently at 2050 would be next likely support. After that I have the 1600 support zone you refer to.

If we are considering a very large fall we need to remember the March fall to 1000.

I agree that at some point there will be a major fall in the markets which are only being supported by the enormous sums of $ the FED are making available plus the ultra lower interest rates. When they come to an end the market will as usual throw its toys out of the pram in an effort to get the FED to reverse the decision. When will all this happen, who knows but we are unlikely to get much warning.

[rescuer] 24/7/2020 10:26

ultimately Bracke - I'm looking at 1600 as a major support line - I'm still short -

still short on JDW, NXT look vulnerable and GRG have a trading update out next week - expect big falls -

only long at the moment on Metro Bank - they've gone to 90% LTV whilst the rest of the sector is on 85% LTV - lots of money coming in from Russia for Metro Bank.

hope you are well.

[bracke] 24/7/2020 10:16

That's a sizeable opening gap which caught the cavalry napping. They need to saddle up and get it filled or at least back above 2600.

[bracke] 22/7/2020 10:56

High volume again yesterday. Very similar to last Wednesday.

Both occasions to keep it in the 2600-2700 range.

[bracke] 16/7/2020 10:56

That was a lot of volume yesterday but no large move either way. To-day it is just about holding onto 2600.

rescuer

As I type you are +71. Are you looking for a break below 2600?

[rescuer] 16/7/2020 08:06

thank you - I'll be looking for 250's that are dropping out -

[bracke] 15/7/2020 16:56

rescuer

Next quarterly review Wed, 2 September 2020

Changes take effect from Mon, 21 September

[rescuer] 15/7/2020 16:31

when is the next FTSE 100 reshuffle ??

thank you

[bracke] 15/7/2020 15:29

rescuer

The US markets have been climbing before and particularly since 'the virus' because the FED have been pumping vast amounts of $ into the markets. The rise to-day is the result of positive news about a vaccine for the virus.

There is now a total disconnect between the US markets and the economy.

How it will all end...who knows. Mr Trump will lie, manipulate and do whatever it takes to keep the market up until the November election.

[rescuer] 15/7/2020 15:20

timed it perfect Bracke - in at 2671, wanted a little higher but with spread took the trade. - if 27131 is breached and held above, then the Dow has free climb to equal highs - can't understand this at the moment as divis are being cut, vast amounts of folk are being made redundant - just can't see reason why the indices are continuing their upward climb -

[bracke] 15/7/2020 14:41

Good day rescuer

Does that mean you will short AHT when the DOW reaches 27,131 irrespective of what the AHT share price is?

Have you considered that AHT share price may lag the DOW but then 'catch up' after you have taken your short?

[rescuer] 15/7/2020 12:56

fingers poised for another short, as soon as the Dow hits 27131 -

[bracke] 09/7/2020 11:06

The share price looking a little lethargic this morning and poking its nose below support at the bottom of the range. All being well 2600 will support.

How many brave souls buying at this level for another trip up to 2800?

[bracke] 08/7/2020 10:52

The share price is currently heading back down to the bottom of the range (2800-2650). To-day will be the 17th trading day in this range.

I still have eyes on the gap down to 2416 which remains a common gap unless and until it breaks out above 2800.

[bracke] 06/7/2020 13:26

I think that is unlikely fenners.

The share price closed on Friday at 2737 at which level I would have expected most shorters to have covered their trades. If it had closed close to 2800 shorters would more likely have kept trades open in the expectation of a fall to-day in line with previous price action.

I have noticed that the share price often spikes up or down on opening and then settles.

[fenners66] 06/7/2020 11:28

Was that open just to take out shorts ?
Those that did not close on Friday afternoon...

[bracke] 06/7/2020 11:17

Good day ali

My post 58154 was not a reply to your post. It referred to my previous post 58152.

[ali47fish] 06/7/2020 10:55

sorry i cant follow yourlast post if its a reply to me- what did you do this mornig sell or buy?

[bracke] 06/7/2020 10:22

"Odds on it will try 2800 again."
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It did...this morning but you would have to have been on the ball to catch it or have an an order in place.

Very low volume on Friday (US Holiday) and nearly all sells. The bears had it to themselves.