Currys Share Discussion Threads

[nortic 007] 08/11/2017 12:51

Uncle LenI feel your pain as I been there before in other stocks and you may well be right in your prognosis. I look at the fear gauge in chat rooms and this does look like a case of everyone's about to jump ship. I often see this as a buy signal but as I said yesterday I'm not a holder simply because I'm loaded up elsewhere. Only my thought and I hope the position improves for you and other holders.

[supercity] 08/11/2017 12:47

Wouldn't be surprised to see it close up a few pencelooking for 10-15% from here

[unclelen] 08/11/2017 12:34

Have to agree, very unfortunately - I'm holding a huge loss - but this is no longer an investment, just possibly a vehicle for short-termers. Even in the unlikely event of merger/takeover I can't see it much north of £2 and even then maybe two companies propping each other up (like Dixons & CPW). IMO, the basic problem is that it has, very quickly, become an outdated business model and if I saw any evidence that the management were dynamic lateral thinkers that could freshen this up in any way, I'd be the first to cheer, but tempus fugit and all that; small electrical goods shops superceded by the retail park boys who now cop it from the on-liners. I'm sure there's money to be made in bits but long term, without a major change, I fear the worst. I'd be so happy to be wrong.

[nortic 007] 08/11/2017 12:27

Tim 3Good post

[supercity] 08/11/2017 11:17

Took a dabble myself - seen enough to think it's ready for a bounce

[w1ndjammer] 08/11/2017 11:11

well i got myself a few, lets see what happens......

WJ.

[undervaluedassets] 08/11/2017 10:19

Now 3rd largest faller in ftse 250 since 6/10/17.

problem is they own nothing but debt and an inventory that plunges relentlessly downwards in value as soon as it arrives in the show room .

Unsold inventory topped £billion at last full year.

[rathean] 08/11/2017 10:00

Is it, or are you believing the anti Brexit hype? House prices continue to rise except for over inflated pockets that needed to correct, economy growing quicker than predicted and despite debt at record levels consumers still spending albeit in different ways. Question is are this lot clever enough to get ahead of the consumer?

[tim 3] 07/11/2017 23:28

To me the way to trade this long is buying here with stops firmly in at about 150 to allow for an overshoot as if it goes below that then support has failed imo.

I would certainly not be short here.

In all honesty though I am undecided there are many negatives here but on the other hand they do look cheap so will watch from the sidelines this time.

Historically dips like this have been good buying opportunities for Dixons and I have followed them since they took over Currys but these are very different times.

Good luck all.

[citytrader66] 07/11/2017 21:31

oh i do like a double bottom. 1st time buyer here and i'm in at 156.18 and 155.68p.

[supercity] 07/11/2017 21:26

Nearly bought today...held off as it didn't look like whoever is selling off has finished and it sits near enough on a 3 year low (phone won't do a chart further back than that)Could dip quite sharply in the coming days even though it already looks over sold if the seller continues - ready to buy obit does

[ny boy] 07/11/2017 16:59

Tks tim

Double bottom may play out @ 155p, only trouble is I am expecting a big equity sell off very soon, so could break this level over the coming weeks.

[undervaluedassets] 07/11/2017 16:47

I think my timeframes are longer than yours NT

If the company even exists in 5 years I will hold my hand up and say I was wrong.

I do not see in happening though

That is what the current share price is telling us anyhow.

In the interim am sure long and shorts will make money.

With of course the short side winning in the end when this enterprise vanishes

[tim 3] 07/11/2017 16:13

nyb

Am not a chart expert but on the day of the warning in August they sold down to 154 interday (it does not show up very well on the charts above)then the buyers came in if that continues to hold then that would form a nice double bottom.

[ny boy] 07/11/2017 15:43

Where’s the support now, since it broke 165p support, any Chartists out there? Tks

[nortic 007] 07/11/2017 13:12

I'll have a small wager that UA has just bought some .)

[tim 3] 07/11/2017 12:51

Ok cheers.

[nortic 007] 07/11/2017 12:47

Tim 3Sorry I didn't see your earlier post I was just thinking out aloud.I would say buy a quarter of what you are prepared to invest. If they go up then you can feel comfortable buying more and if they drift then you've got room to buy more.

[nortic 007] 07/11/2017 12:30

Tim 3I'm fully invested at the moment so I can't buy just yet but they look well overdone now.If I'm wrong I'll hold my hand up.UA would you like to sell me 25/- here ? Let's play fantasy trading.

[tim 3] 07/11/2017 12:23

I think you could be right certainly for a bit of a bounce, buyers were here last time.

[nortic 007] 07/11/2017 12:19

I'll stick me neck out here and say they're a buy.Institutional seller got taken out at 157 1/2

[tim 3] 07/11/2017 12:16

You tempted to have another punt here Nortic?

[nortic 007] 07/11/2017 10:56

Well done UA.It's taken you all that time.Listen and learn and you'll make money .