Centrica Share Discussion Threads

[nortic 007] 05/2/2018 19:31

Odey's been short for some time and has done his and his clients conkers.Sharp downward movement good for the market but don't be surprised when the bears start say "I told you so"after missing out on all that upside.

[careful] 05/2/2018 18:50

Dow off 430.
is this the start of something big?
or just a raging bull market having a rest.
There are some smart guys out there who think there is a huge crash on the way.
Soros, Odey for example. well short.
The reason is World debt, at pre crisis levels.

[eeza] 05/2/2018 18:08

Looks like a repeat performance on the cards tomorrow.
Dow off 350 & FTSE off 50 at the moment.

[jpjohn1] 05/2/2018 17:51

Good thinking, I think I should retire sometimes. I just keep going. I will be 64 in May and I expect I will still carry on working when I should be putting my feet up. My brother carried on working long after retirement yet he is a multi- millionaire, and if you talked to him he is just a happy go lucky chap, money has not change him at all

[csalvage] 05/2/2018 17:27

I've got a 5 year plan for when I retire at 62 so buying shares that will be a good for me then not now so to try and pick this one up at the price now is an opportunity not to be missed.

[jpjohn1] 05/2/2018 17:05

Csalvage. It should be. Still believe this is a 2 pound+ share. The whole sector has been hit bad. All shares go on cycles. It might be like this at the moment but in a short time people could be climbing over theirselves to buy it, let's hope so and get it back up there where it belongs :)

[csalvage] 05/2/2018 16:29

Is this a defensive share now.

[skinny] 05/2/2018 16:19

Ironically one of my better shares today :-(

[w1ndjammer] 05/2/2018 16:16

And to think he come onto the CNA thread to explain himself

well i feel most honoured :-)

WJ.

[w1ndjammer] 05/2/2018 16:16

OOOoooops double post

[nortic 007] 05/2/2018 14:51

Trump I'm sure will try and influence him.

[chiragmahe] 05/2/2018 14:45

New Fed guy - statement

[chiragmahe] 05/2/2018 14:45

Hello. This is Jay Powell.

A short time ago, I took the oath of office to become Chairman of the Federal Reserve. I am humbled and honored by this opportunity to serve the American people. And as I begin my term, I want to stress my commitment to explaining what we’re doing and why we are doing it.

Congress has assigned the Federal Reserve several important jobs. We are tasked with achieving stable prices and maximum employment. We also supervise financial institutions, including our largest banks. We play a key role in ensuring the stability of our financial system, and the integrity of our payment system.

Today, unemployment is low, the economy is growing, and inflation is low. Through our decisions on monetary policy, we will support continued economic growth, a healthy job market, and price stability.

I am also pleased to report that our financial system is now far stronger and more resilient than it was before the financial crisis that began about a decade ago. We intend to keep it that way.

My colleagues and I will remain vigilant, and we are prepared to respond to evolving risks. We will also work hard to make sure that our regulation and supervision are efficient as well as effective.

At the Federal Reserve, we know that our decisions matter for American households and businesses. Our long-standing, non-partisan tradition is to make decisions objectively, based only on the best available evidence.

My colleagues and I at the Federal Reserve will put everything we have into serving you and our country with objectivity, independence, and integrity.

Thank you.

[jpjohn1] 05/2/2018 13:58

Well done, after this I will make sure I have learnt my lesson. So for me it's just hang on there. I get very busy sometimes and if I know it's having a bad day try to wait till the end of the day before I look, it is hard. I suppose it's the trader in me

[philanderer] 05/2/2018 13:48

Yep, 10% is my absolute max in any one holding , usually nearer to 5%.

[jpjohn1] 05/2/2018 13:37

Yes Phil, I have got myself to blame for this one. I normally have only 10 % in one company so if it company goes down badly I do not get hit so bad. I am not complaining it's my fault, and when it eventually goes up enough to sell ( need 1.87 ) I will stick to my guns and only have that 10% again. :)

[jpjohn1] 05/2/2018 13:30

Yes eeza, down 220 now.Hope we will see it decrease a lot more before it opens. Sometimes investors panic even further when they see the Dow open like that, we can see what's happening here on the charts

[philanderer] 05/2/2018 13:26

jpj, I'm well thanks , hope you are too. Just a matter of sitting it out I reckon.

[jpjohn1] 05/2/2018 13:22

Morn Phil, hope you are keeping well ? Shire having a bad run as well. Here at CNA we have had a bad run for 3 weeks now,off a great rise the week before having an upgrade. Just keeping fingers and what else crossed this does not go any lower until the AGM and have some positive news. To be quite honest I cannot blame new investors waiting in the sidelines to see what will happen to us. This company as had me completely baffled for a long time. 4 months ago I never thought it would go below the 1.80 mark so I have gave up predicting this one. I find it strange because I only own now CNA . So after I hear the results I can walk away 6 months and forget about them. Work keeps me busy but it does seem strange not having 4 screens in front of me keeping me informed what's going on :).

[eeza] 05/2/2018 13:12

Dow off 300 at the moment.

[capeview] 05/2/2018 12:47

Wow, haven't seen red across most of the market for quite sometime. Just over 1100 companies in the Red and only 160 in the blue. Very dismal day.

Just hope it doesn't get worse, which would definitely mean more of a reason to have the cash ready to go.

I suppose we'll have to wait and see how the US markets open to give us an idea of the feelings at the moment.

[philanderer] 05/2/2018 12:13

Afternoon jpj , a sea of red today. I think you're right , expectations of maybe four interest rate hikes stateside to subdue inflation, so stock prices are being adjusted accordingly to reflect higher yields.

Still watching CNA and scratching my head as the days go by. Just two out of my twenty going the right way today :-S

[strutt12] 05/2/2018 11:59

Directors buying lol ;-)

[jpjohn1] 05/2/2018 11:04

They think the strong down pull all round here is the FED might raise rates more than expected over there from HL