Purplebricks Share Discussion Threads

[puzzler2] 12/8/2017 11:14

I don't think there was a single post yesterday from any of the usual bulls.

[elcapital2017] 12/8/2017 10:03

This is usually the cue for rogthepodge to increase his long, as he always goes against anything they say....to his cost like ob globo sgh and qpp

[puzzler2] 12/8/2017 09:53

Well spotted elcapital - the shareprophets comment is:

"I promised last week to go in to the numerous inconsistencies in the numbers presented by Purplebricks (PURP) but that is going to have to wait as this week’s story has got to be Telit (TCM)."

Can't wait.

[elcapital2017] 12/8/2017 09:38

POst just out from shareprophets

Its about telic, but states there will be post on PURP very soon! Fancy that!

www.shareprophets.com/views/30910/telit-communications-a-compelling-sell-looks-like-going-globo-some-free-advice-to-the-nomad

[pediment] 11/8/2017 21:53

DT, very succinct, but enough obfuscation say what you think.

[dt1010] 11/8/2017 20:03

Double top

This shyte is coming down

Target 200p

[pediment] 11/8/2017 16:42

Closed below the channel at 444.00. 52,000 on the ask in auction at 400.00, thought I might be able to close at 420.00 again but bid pushed it back up so we'll let it go until next week.

Have a good weekend all, beer o'clock

[elcapital2017] 11/8/2017 13:27

ltcm

They have money in hte bank but theyre loss making and about to go on a spending spree. The only think you need to know about the 70m is how long it will last

[puzzler2] 11/8/2017 13:19

I don't get this market obsession with first mover advantage. What have they done that's so clever? - they're selling estate agency services via the web, rather than via bricks and mortar estate agents offices - big deal. OK, so there's a significant cost saving there, but alongside that, 1. they've destroyed (we call it "disprupted" now) the traditional business model by selling the service at a substantial discount and 2. they're having to spend huge sums on advertsing and promotion - so I just can't see how this business model can be sufficiently profitable? Where I have a huge concern, though, is having to pay up-front for a service that may or may not achieve a result, something that I never do. All of this, for a business valued at £1.4BN. The madness of fools.

[ltcm1] 11/8/2017 13:19

Elcap it's a brave gutsy call. This is why you are in Marbella by the pool and I am in Skegness and it's looking like rain.

Certainly gut instinct is a totally valid reason. Plus there is pattern recognition in that you have seen the same situation before. You will be king of this thread if this one comes in!!!

A bit of encouragement for you:

[ltcm1] 11/8/2017 13:06

Interesting stuff pediment.

I see the BBC story as just noise myself because if you are in London say then you can potentially save much coin with Purp, provided they achieve the same price as a full service agent.

What will really crush Purp is if someone comes up with solid data showing they don't achieve the selling prices of other agents. Even the fear of this could have the same effect. Certainly viewing with the owner is an open invitation to find problems leading to a lower bid. It's a huge advantage to the buyer at least.

I do think shorting is playing with fire with Purp because as rackers said they do have this first mover advantage and it is not easy to assess their future. Also they have 70m cash in the bank. As he said there are much easier targets for shorting.

I think the day of reckening will be if Purp come back for more cash but until then shorting could be a good way to get burnt.

[elcapital2017] 11/8/2017 13:05

LTCM. Rackers has been filtered for ages. He is just a troll that follows me about. I said I would stpo responding to his filtered posts.

Part of my strategy is gut feeling. This one is massively overvalued, of that there is no question. Afte 30 years in the game, you must follow your instinct. I got in (short) a little early, and that is standing in front of the train, and hence why no stop losses. I am confident on my decision, and used to make losses decades ago by not following my instinct.

Read loads of books in the past. Some are interesting but nothing beats your own experiences

[ltcm1] 11/8/2017 12:04

Good to see some chartists about. What do people think about the idea that this fall is just an MM excuse to shake a few long and wrongs out and that there are is support at 400-425. Could it be a classic MM bear trap setup since MM's know the charts too!

It all feels a little too good to be true for the shorters somehow, it's not as if the purp story itself has been dented.

Elcap I am pleased it is going your way but can't quite agree with your 'had to happen soon' comment. That is more like hindsight bias to me.

Elcap your 'filtering' of rackers is interesting. Perhaps you are seeking approval and when it is not forthcoming get upset and angry. Have you read 'Come in to my trading room' or 'trading in the zone?' They are both great books IMHO.

[pediment] 11/8/2017 11:46

I really wish I could upload my charts. This really is a crunch point, so many intersections here. A thing of beauty to us anorak zippers

[elcapital2017] 11/8/2017 11:34

I didnt not realise that the seller still had a financial obligation even if the company didnt sell. I thought it was too good to be true.

The appeal is greatly and I can see them halving from here, especially given a deteriorating market and a lot of competition

[ih_375993] 11/8/2017 11:22

The housing market activity has slowed,the shortage of earnings available will either help or hinder Purp-either way share looks expensive, even at todays lower level.

[pediment] 11/8/2017 10:16

70,000 bought just above mid, wasn't a mid transfer by the look of it

[pediment] 11/8/2017 10:12

Bit more of a bounce than I thought

[pediment] 11/8/2017 09:52

Along the lines of a general reduction of risk, got you. Cheers

[puzzler2] 11/8/2017 09:50

I just think that if the Dow and FTSE fall for a couple of days, combined with an share price fall here, some investors holding a share built on froth will conclude it's time to sell - but wtfdik :-)

[pediment] 11/8/2017 09:47

Puzzler, I'm not sure the indexes have that much of an influence here, what's your thinking?

[puzzler2] 11/8/2017 09:43

SP movements taking a breather at the moment whilst everyone figures out where this is headed. I think pm today will be a defining period, causing further share price drops if the Dow resumes its fall.

[pediment] 11/8/2017 09:36

I agree although it actually dipped quite a lot below the support on my chart, suggests a resistance now at 443.00, a dithering about to let the 15m RSI off the floor, looking at 30 or 45 before a further fall, gives the hourly a chance to recover a little too.