Metro Bank Share Discussion Threads

[idoflykathy] 07/4/2020 10:30

Yeah Smartie.... swings are unnerving, but you make the trade knowing the risk of loss. I will only risk so much.

If, by some chance, the market keeps recovering and I miss the bottom entirely and don't get back in, then so be it. I don't even mind this scenario as I hold decent stakes (7% and 5%) of companies that I have previously co-founded. Both will benefit from a recovering equities market and one of them is in the middle of a cap raise. I'm expecting some liquidity in the cap raise and we are talking a valuation of £60m+.... so trading the DOW etc is more about alleviating boredom than making me rich. I've only ever found one way to do that and that is launching companies...

[wardy333] 07/4/2020 10:23

kathy..I like a bit of honesty refreshing on this B/B, think the nastiness goes back to baiting holders on stocks that have crashed so to speak, and winding holders up about it on the threads, no need for that short it all you want , but don't bait holders it will only make you enemies.

[idoflykathy] 07/4/2020 10:23

The big issue is corporate debt. A recession is very bad news for corporate debt.
Companies are scrambling to issue bonds and only the best investment grade companies are succeeding right now. Oil will head back to $20 as the reality of lower demand hits and countries start fighting over market share.

[smartie6] 07/4/2020 10:20

GLA.
That’s me done for today.

[smartie6] 07/4/2020 10:18

Kathy, have to admit your rationale appears sound to me but I guess we’re looking from the same perspective. At a loss with Dow swings, very scary.
Dow futures showing 535pts up.

[idoflykathy] 07/4/2020 10:17

And yes this is gambling, but I like gambling, it's what made me successful in the first place as an entrepreneur. And I am not risking my core capital which is sat on the sidelines, this is gambling money. If I lose it all I won't be reupping so to speak.

[idontflykathyy] 07/4/2020 10:16

Good post Smartie - Informative. Cheers..

Okay Kathy, your loss are very small but when you make profit it's always super high. Impressive. See that's why I kept saying you're best.

But okay we all agree that this is bear market rally.

[idoflykathy] 07/4/2020 10:14

My strategy? Well I haven't been stopped out yet. I don't expect to be. I mean come on, DOW jumps from 20800 to 23300 in 2 days because the number of new infections is dropping whilst the doors are shut. Was that not the FFing point of shutting the doors!? So one has to apply common sense. The rise is not based on any change in economic fundamentals. It's an orchestrated move that has been designed to let some of the big guys recoup some of their losses. Then smack down begins.

[smartie6] 07/4/2020 10:14

Key data releases this week.

Today - Job openings and Consumer Credit - previous 7mln, and $12bln.

Thursday - Weekly jobless claims, producer price index, consumer sentiment index, wholesale inventories - previous 6.6mln (forecasting 6mln) -0.6%, 89.1, and -0.4%.

Friday - Consumer price index, Core CPI - previous -0.1%, and 0.2%.

How will the market react to deterioration? Who knows. I’d love a crystal ball though.

[wardy333] 07/4/2020 10:12

Agree smartie , it is very unclear exactly where the market is going right now, stay on the sidelines is the safe option, but most gamblers find it hard to stay away, Dow could lose 500 points today or gain 500 or more , who knows.

[idoflykathy] 07/4/2020 10:10

Losses this week....
Oil - set stop at 200 points. Loss £2K
Dow short 1 - £5K loss (500 points).
Dow short 2 - £5,500 (avg. open 22700 @£10PP) (currently open - stop at 23700)

Not nice and you can laugh and mock me all you like, but losses are part of trading. Prior to this had a decent winning streak.

[idontflykathyy] 07/4/2020 10:07

So Kathy, just curious what's your strategy now ?

I'm sure you must have closed as it;s not possible to feed in margin again and again.

You should tell your followers like me of what's going on ?

You're an inspirational trader I know who never lost on a monthly basis.

So what's your strategy now ?

[idoflykathy] 07/4/2020 10:06

Smartie, totally with you on that. For those that went into cash, this current rally is a FOMO headf*&k! .... it creates a feeling of watching a runaway train. The fundamentals have not changed though. The US market was inflated. So the virus hope seems to be creating a risk profile rerate. What's not priced in yet is the aftermath.
Life will change. It will take years for life to return to normal after this. The damage to SMEs will be immense. The damage in silicon. valley to SAAS businesses focussed on the SME market will be immense. Consumers will be in penny pinch mode, even the wealthy. There will be a lot of caution. Look at the job insecurity surveys...through the roof. That won't dissipate any time soon. If people are cautious about job security, they won't spend. They won't go on holiday. Opening up the doors won't suddenly bring the economy back....

[idontflykathyy] 07/4/2020 10:06

Kathy, so how much you lost in your last 2 trade..

I remember you short Oil like $22 and Dow short at 20K

[smartie6] 07/4/2020 10:01

I’d like to see all of us make a lot of money but I have to be honest I’m extremely unnerved with volatility. I guess if we do see a further move down we maybe able to get a better understanding of exactly where we are.
Call me stupid but I just don’t understand how we can be seeing a lot of stocks rallying in which the Companies have yet to reopen their doors, staff have been furloughed, and each day they are burning through cash. It just appears that the belief is that the peak has been hit and business as usual on a few weeks away, which surely is madness when you hear what the UKs CMO is saying.

America seem to be in positive mode at moment however when it swings we’ve seen how badly the global markets react. Question is do we really believe they’ve got on top of their own coronavirus problem????

[idoflykathy] 07/4/2020 10:01

Dude, change your name. As flattered as I am, it's weird.

[idontflykathyy] 07/4/2020 10:00

KATHY IS BACK!!!

Lets go...

[idoflykathy] 07/4/2020 09:56

I've been very clear about my trading strategy. I use guaranteed stops and I also review my positions continuously. I have had a few bad days on the DOW, as have many it would seem from the IG stats. I got stopped out at 21950 after opening £10 PP at 21450. I opened another short at 22400 at £5PP and. another at 23000 £5PP. So currently sat. at 22700 average £10PP with. 1,000 point GSTOP. Max exposure £10,000. It's annoying as this market is irrational so yes, it's complete gambling. I suspect this move is letting some of the big guys out at a higher level. If I get stopped this time, I am likely going to sit on the sidelines for a while to better understand what's playing out. Given this is a forum for investing, I note that none of these obsessive weirdos ever talk about their investments....

[idontflykathyy] 07/4/2020 09:53

Sensible Smartie..

[smartie6] 07/4/2020 09:52

Fibonacci retracement?

[smartie6] 07/4/2020 09:52

Strange, a number of times I agree with Wardy. Looks to be a gamble at moment. Every analyst advising take care, impending global recession the likes in which we have never seen before.
I get the feeling we are seeing lower highs this time and when we fall again we may see lower lows. Bear market rally on the back of stimulus with retracement later?
I’ve had to make peace missing out on a number of rises in recent days, tullow, William hill, wimpey, being only a few, but I just feel I’m gambling on these stocks. That said would have been very beneficial to the old bank account.
In recent days we seem to be getting very carried away believing we’re at the top of every coronavirus curve, however France have just advised their numbers are going up again. False peaks? Also needs to be tackled globally. Tokyo just declared a state of emergency.
Clear we will be in lockdown for another 8weeks at the earliest.

[idontflykathyy] 07/4/2020 09:47

Hahahaha... well said Wardy!

But where is SR and Kathy ?

Guess they must be super angry since 2 days...

[wardy333] 07/4/2020 09:45

Like most gamblers you only hear about the wins, the losing bets are swept under the table. Tips last Week would of wiped most accounts out if they were real/.

[idontflykathyy] 07/4/2020 09:43

Wardy, you're wrong there.

SR and Kathy - both IG customers and they never lost a single trade so far.

Sorry but I disagree with you ;)