Rightmove Share Discussion Threads

[cashandcard] 26/3/2020 16:01

Yes, the shorters late to the game are really showing up their age/inexperience. Long all the way now. Traditional rules no longer apply to markets subject to huge monetary intervention.


Cash

[rochdae] 26/3/2020 15:47

Anyway, the market will say who's right or not … but I moved from shorting to buying 10 days ago... This is going to be one mega rally. Trillions being pumped into the system. Any sniff of good news and we're off the stars....

Take care with those shorts...

[cashandcard] 26/3/2020 15:44

Lol, the shorts made their money over the last few weeks. One wants to be long now all this extra stimulus is going to get pumped into the markets.


Cash

[rochdae] 26/3/2020 15:39

Still a bet on the pandemic not the company. Look at the indexes.

Not a time to be short anything imo..

[1 pound here we come] 26/3/2020 15:11

If there are no flights there is no point in easyJet. If there are no viewings there is no point in Rightmove.

But which one will benefit from a bailout, and which one won't?

[growthpotential] 26/3/2020 15:01

I agree, I always feel worse being out of the market than in. I can accept unrealised losses but the worst thing is gains missed

[growthpotential] 26/3/2020 15:00

I agree, I always feel worse being out of the market than out. I can accept unrealised losses but the worst thing is gains missed

[rochdae] 26/3/2020 14:56

Yes …

I remember shorting RMV is the depth of the last crisis. News got worse and worse and RMV's share price went up every day.. The virus stuff is what drove the share price from 700 to 400. Now it's looking past this crisis...

Good news out of northern Italy, China, deaths slowing in the UK..

It's a time to buy this market... ftse up from 4800 to 5700 in just a week...

[1 pound here we come] 26/3/2020 14:54

Profit warning number 3 will sort out the men from the boys.

Carnage, if you're Long.

[rochdae] 26/3/2020 14:34

RMV still a good company though. So you are betting on the pandemic. Remember China 1.4 billion population death toll 3000. Now getting back to normal. We are 12 weeks behind. Relaxation of stamp duty, pent up demand etc.. You could get slaughtered in a few hours being short...

I'm buying most virus hit stocks now..

But each to their own. The market though is some 3-4 months ahead of price action.

[1 pound here we come] 26/3/2020 14:18

Anyway, the 3rd profit warning will bring back a dose of reality.

This is only rising with Wall St at the moment.

[1 pound here we come] 26/3/2020 14:14

There are clearly two schools of thought here.

But I am Shorting on the basis that revenue and therefore profits will be hit catastrophically by this lockdown. I don't believe for one minute that this virus disaster to befall us all will be over in a matter of weeks, and during any possible recovery, I only expect revenue to increase very slowly here. Therefore after 2 profit warnings a p/e of 23 is absurd and a share price this high has only one way to go next, and that is obviously down. Recession style.

[cashandcard] 26/3/2020 13:59

This is the thing, anyone shorting now has already missed the easy money. Do so at your peril.


Cash

[rochdae] 26/3/2020 13:58

Time to short was at 700 not 400. The market is pricing in a recovery.

Why do people short good companies. RMV is a great company. Short bad companies.

The whole virus thing could be over soon. Seems you are shorting on the pandemic. That's a very dangerous strategy.

With the injection of cash into the markets and the built up demand, if things improve even slightly RMV will be back to all time highs quite quickly.

[tarrant777] 26/3/2020 13:56

Investors buying these shares should before doing so read the UK property trade press to see confirmation of hundreds of agents quitting Rightmove, and those that remain demanding cuts in rates. Ditto read Jeffries note on the company today. The champagne days are well and truly over here.

[growthpotential] 26/3/2020 13:44

If there's inflation, you wanna be holding stocks not cash mate!

[cashandcard] 26/3/2020 13:34

tradeforce,


That is the economics that worked in the past. Now, if every major country suffers, then the impact will be global so any change for us only relative to what's happening to everyone else. For example, doomsayers have been saying flee the US dollar, but economists point out where to? There are no other safe havens/assets as they are all in the same boat. 2-3% rates ??? In the past yes, we are heading towards negative rates. Western economies are still much better state than some of these centrally controlled economies around the globe and they will continue to function after this crisis.

So one must look at it based on necessity, people will always be back in the property market before long and government will support it too.

PS, the US fed announced open ended quantitative-easing, also referred to as QE-infinity, just a few days ago.

The money printing presses have to be turned on or we are heading into a very bad recession.


Cash

[1 pound here we come] 26/3/2020 13:28

Mr Market is frequently wrong. Time will tell..

[tradeforce] 26/3/2020 13:26

And yet the market is telling me I'm wrong...

[tradeforce] 26/3/2020 13:25

cash,

I stated my reasons above.

If they print money like confetti eventually inflation will force its way into the system because they cannot spend their way out of this mess that should have been rectified in the 2008 crash,now it is sooo much worse, property only started going through the roof when all other savings methods became hardly worth while due to ultra low interest rates.

When the inflation genie finally pops from his bottle the repossessions seen in the 80's and 90's will look tiny as nobody today can face interest rate rises of 2-3% at a time. It is going to get very very messy IMO...

[1 pound here we come] 26/3/2020 13:09

A p/e of 23 is laughable after 2 recent profit warnings.

[1 pound here we come] 26/3/2020 13:07

I'm not at my desk right now, but I am certainly adding to my Short position every hour or so.


..and if you weren't in denial, so would you be.

[cashandcard] 26/3/2020 13:04

Unable to make a bear case. Probably under 30years old ;), not realising that property almost always does well overtime (that means decades, not one or two years). Probably sitting behind a desk watching your short position get wiped out.

Cash