Ashtead Share Discussion Threads

[fenners66] 05/8/2024 19:36

Didn't I say this was getting volatile a few weeks back...

a return to slow and steady growth , is far preferable.

Apparently the service sector was touted today on BB as (I think) 75% of the US economy so
the market in theory should have been paying more attention to todays numbers.

[disc0dave46] 05/8/2024 18:24

Mr bI do think I deserve more than bronze now, pretty please lol:"In the famous words of tit, sorry trt, could see ?51 at this rate!"

[disc0dave46] 05/8/2024 18:23

Good evening Mr bPost 62993 - very eloquently put and won't disagree except for the FOMC monitoring ALL the data - so come Sept when the numpty realises he should have cut last week and cuts 0.5% to make up for it then it will be clear that they / he doesn't take into account ALL the data and is in a word "clueless".

[bracke] 05/8/2024 16:18

disc0

I have now put my Guru hat back on.

I recently analysed some previous large falls in the S&P500.
Without going into the detailed analysis you and others who are interested may care to look at the S&P500 daily chart between the following dates.

March 1999 to October 2002.

May 2007 to March 2009.

June 2021 to November 2022.

November 2022 to Date.

[bracke] 05/8/2024 16:10

Good day disc0

To provide a balanced view I shall take on the role of defence advocate for Mr Powell.

My client and the members of the FOMC have always had the best interest of the American people uppermost in their decisions. One must not be swayed by the wild swings of the stock market from roaring bullishness to whimpering bearishness. One does well to remember the market thrives on volatility.

Todays ISM Services data gives lie to the ill conceived notion that the economy is in full retreat. The market is not the economy.

There are those who think my client and his colleagues are slow to act and too rigid in their views. The FOMC will continue to monitor ALL of the data and take the necessary actions to maintain the economy at a satisfactory level whilst ensuring that inflation is kept under control.

[disc0dave46] 05/8/2024 14:08

Good day Mr b
Thanks as ever for your guru’ness snd pretty chart!,
In the famous words of tit, sorry trt, could see £51 at this rate!

Ps you know my feelings about the numpty Mr P, but just a thought - if I were making any decision I’d first wait to get the facts and critical data first!. Why oh why are the FOMC so rigid with their meeting dates?, after 3 months of rising unemployment, poor PMI data etc etc, why couldnt the rate decision have been made after the last NFP snd unemployment numbers rather than before?, doesn’t make any sense to me at all. Don’t they sound out the relevant bodies who compile the data?, or they do and simply ignore it because they are so pig headed in their views? - frightening if that’s the case.
Moan over.

[bracke] 05/8/2024 12:10

Another gap down this morning from Friday close at 5162.

From Post 62979

"Considering AHT share price The threat of a lower low is now a consideration or at least a test of the last major low at 4954."
===================================================================================

Which where it is currently being supported.

I await the US opening before upsetting readers further.

In addition to the daily chart I also provide the weekly chart to provide increased perspective.

AHT DAILY




AHT WEEKLY

[disc0dave46] 05/8/2024 10:32

Yeah okay sorry I missed that. His village has reported a missing person, apparently there is one per village.

[disc0dave46] 05/8/2024 09:17

Good morning Riley Only one what?

[trt] 05/8/2024 07:02

Could see £45 very soon.

[disc0dave46] 02/8/2024 19:44

Mr b"what chance the FOMC goes for 0.5% cut rather than 0.25%"Please please you know my frustration with Mr P the numpty. But yes that's doing the rounds now.Do hope he and his brainwashed colleagues are making a mint out of their incompetence, did I just say that out loud?, lol.Looking on the bright side - a few more UK bargains to be had perhaps. My semi conductor ETF is now underwater though, didnt time that too well :(

[disc0dave46] 02/8/2024 19:39

palwing Hope to see you sooner than you think.

[bracke] 02/8/2024 17:45

palwing

I note your adoption of the 'ostrich position'.

Hopefully there is no snow and ice where you are so I expect to read from you again.

disc0

The markets have taken umbrage. If the market fall continues and the August data does not allay thoughts of recession what chance the FOMC goes for 0.5% cut rather than 0.25%

[palwing32] 02/8/2024 15:12

Thank you bracke.I think I will revert to my usual tactic, when faced with the WoW, of burying my head in the sand and only peeping when I think the coast is clear. I shall leave the board now, I maybe some time.

[disc0dave46] 02/8/2024 15:06

Mr bThanks, nice pretty (or ugly!) chart.Oh and congrats to Mr P, well done chap.

[trt] 02/8/2024 13:25

Huge drop today could easily see this drop to below £50

[bracke] 02/8/2024 13:16

Good day palwing

Not wishing to cast a cloud over your weekend but things have moved on considerably since my 'calming' post.

All was sweetness and light following Mr Powell's large hints at a September rate cut BUT data thereafter has caused the spectre of recession to arise from its slumbers and the markets are running scared.

Considering AHT share price The threat of a lower low is now a consideration or at least a test of the last major low at 4954.

We are at the mercy of the US market.

AHT DAILY

[palwing32] 02/8/2024 12:54

Dear Bracke. I am once again suffering from the WoW (Wall of Worry) you mentioned previously. Your calming analysis is required to allay my fears over the weekend.

[disc0dave46] 02/8/2024 12:28

Good day Mr bThanks, bet Mr P will be eagerly awaiting the NFP (185k forecast) and unemployment (4.1%).I've had my moan so will leave it there - just frustrated tbh.Thanks as ever for the pretty graphs and your expert analysis.Time to switch off and enjoy the sunshine :)

[bracke] 02/8/2024 10:02

Good day disc0

Just to be clear my post 62973 was very much 'tongue in cheek'.

Central Banks are slow to react both in raising rates and lowering them. Considering the amount of money pumped into the market by US, UK etc inflation was a 'given'. UK wise I suspect we are going to be 'screwed' over the next five years.

Two certainties in life. Death and taxes.

AHT SP

The share price has had a volatile week. It opened down this morning gapping from 5458.
NFP later today may decide market direction.

AHT DAILY

[fenners66] 02/8/2024 07:39

Nice to see the £ fall against the $ as a consequence of the very small interest rate reduction.
Those $ earnings will be worth some more in sterling.

Once again though AHT moving in lockstep with the US market.
Said recently they may as well move the listing to the US now.

[disc0dave46] 01/8/2024 16:43

Mr bMy overall point is that they were too aggressive and applied the rates for too long.As for the BoE their model is not correct, they know that. Too much groupthink as well. Bring back Mr King, sure he wouldn't have done what Bailey has done.

[bracke] 01/8/2024 16:22

disc0

I think you are missing the point.

Whenever the level of inflation in the country exceeds a declared level for action, it is virtually obligatory for the Bank of England to act in the time-honoured manner whether it's the correct action or not.

Rate increases may have an effect but the objective is to make it clear to the proletariat that we are in 'difficult times' and that 'belts have to tightened'. Even the bourgeois will have to make sacrifices such as a delay changing the Bentley until a year or two later.