Blackbird Share Discussion Threads

[bonio10000] 06/3/2020 11:43

For sure there will soon be some major institutions/hedge funds etc. hitting the wall.

Then things will get interesting.

[sideshowbull] 06/3/2020 11:41

I have not sold 1 share.

If we get down to 5p I am selling a kidney, can buy one back later.

There is some money to be made boys/girls, waiting for Russel to show me the way.

[nickb] 06/3/2020 11:41

It’s a highly unusual market situation.

[bonio10000] 06/3/2020 11:40

Cabi - I have been positioned for a market crash for 3 years, other than my investment in BIRD.

Based on low interest rates and excess global debt and various bubbles.

So the current financial meltdown is of no concern to me really.

If it wasn't Corona it was about to be something else.

The issues with the Repo market rates have long been a hint that the financial plumbing is busted.

[cabi1] 06/3/2020 11:38

Large holders top slicing.

You can’t blame them.

If you’ve averaged in at 7p your still quids in.

I can easily see us in the single digits now.

People are rattled, and it’s going to be a few months until this all settles.

IMHO.

[sideshowbull] 06/3/2020 11:36

Tin hats on, GOOG just became a short IMO well until the 200 and then lets see.

If fails 200 then I project 1125 .

All in my opinion.

BWTFDIK

[cabi1] 06/3/2020 11:31

This is unlike you Bonio.

Positive talk.

[bonio10000] 06/3/2020 11:31

Here we go - sub 10p then.

A few large holders must be running for the hills. That or people who bought into the placing with no balls.

[bonio10000] 06/3/2020 11:29

Whilst the market prices irrationally, there will be chances to buy a lot of stocks that are well funded at a discount.

Fortunately we are well funded for a good while and can cut costs quickly if needed. I assume there a lot of contractors who can be let go on a whim.

[nickb] 06/3/2020 11:21

That’s my hope and it’s worked in the past.

[bonio10000] 06/3/2020 11:19

Good news then.

Worst case the price stabilises off the back of it and we can pile in whilst the market's thoughts are elsewhere.

[nickb] 06/3/2020 11:17

Well the OEM deals won’t be cancelled more likely accelerated

[bonio10000] 06/3/2020 11:16

All those passive trackers we were told to invest in have done well......

[nickb] 06/3/2020 11:15

“We’ve seen a significant increase in sales enquiries from all over the world in the past few weeks,” reports chief executive Ian McDonough...”

[nickb] 06/3/2020 11:12

Nick - because the perception is big news pre-results.

bonio
I think the state of the market over rules anything else.
Hey we should be up as we have a solution for remote working in the Cloud!

Good point about the new ISA

[_m_k] 06/3/2020 11:10

"Can't think why."

that friday feeling


"trolleys loaded with toilet paper and canned goods"

i cornered the market in pot noodles two weeks ago.

[bonio10000] 06/3/2020 11:02

I assume directors are stopped from buying as it is a closed period?

[bonio10000] 06/3/2020 10:59

I doubt any of us could get rid of our holdings in this market without a liberal does of Vaseline on the price we would be offered.

[cabi1] 06/3/2020 10:58

I’m sure.

[bonio10000] 06/3/2020 10:56

Cabi - happy to hold gold........

[bonio10000] 06/3/2020 10:56

Nick - because the perception is big news pre-results.

Also a new ISA season and my thought is there will be time between 6 Apr and news.

[sideshowbull] 06/3/2020 10:55

Should really not affect us too much unless people dump and then MMs will take advantage.

Watching GOLd on my screen constantly and currently at Double top.

Watch the Russel that lead the first dump.

VIX is also DT

[cabi1] 06/3/2020 10:51

Hate to say it, but it’s going to tank.

I can see us dropping back into single digits.

I think the Dow will get smashed again today.

No one will want to be long over the weekend.