Sainsbury (j) Share Discussion Threads

[chiefbrody] 04/11/2021 08:06

Reaults going down well.

[arja] 27/10/2021 11:45

bearish overall market . Through 303 chart resistance !

[arja] 27/10/2021 11:44

looking good now in a fairly be

[arja] 22/10/2021 16:41

did not help share price sadly and uk market underperforming compared to USA.

[anhar] 22/10/2021 09:45

Sainsbury's bank to be retained.

[arja] 20/10/2021 14:59

a pity that SBRY runs out of steam lately when it puts on 3 or 4p. have traded it a lot with CFds and made quite a bit but not this time as losing patience and might cut my loss ! ( wry smile ) . I expect it to breakout eventually .

[arja] 20/10/2021 14:44

fair enough and I apologise for being a bit rude but maybe my nature is changing after exchanges with certain types on a few threads ! take your point on your new word ( smile ) .

[anhar] 20/10/2021 10:43

Okay arja, I get it, no prob.

Having looked at a lot of boards on ADVFN, roundnumberism is rife though.

[arja] 20/10/2021 09:05

I had no ROUND figure in my mind when I made that post whether it be 300 , 400 or 500 .

[arja] 20/10/2021 09:03

anhar,
you still do not get my point . It was coincidentally that it stalled at just over 300 level and not because it was 300 . Ok, let;s say 303 if you wish ( smile ) .

[anhar] 19/10/2021 13:24

It's been a whole week since anyone mentioned a bid. Is that a record for the longest time with no false bid rumour? 😱

[anhar] 19/10/2021 11:12

No need to be offensive, I was just stating my view on this point, politely I thought.

You indicate that you agree but go on to repeat the view that round numbers have meaning when you say:

...it is indeed the big players who determine the price action and they are reluctant to take it through that 300 to 302...

As I said above, big players above all don't care about round numbers. It is vanishingly unlikely that they are somehow reluctant to take it over 300 because, unlike the view of many small investors, a round number does not represent some sort of barrier for them.

You could chart almost any big cap historical price and think you see some number barrier that it appears reluctant to breach, but it will often be a non-round number. People who believe in this may discard those and point only to those cases where the ostensible barrier is a round number because it is nicer, neater. People like nice neat patterns and frequently see them where they don't exist. Chance swirls in the randomness.

[anhar] 19/10/2021 10:53

Hitting 300 (or any round number) is a classic small investor market fallacy which imbues the number with some sort of meaning. In fact the shares and the pros and institutions who trade them and thereby create the price at any moment don't care about round numbers at all.

Small investors often do though because it sounds neat, both for individual share prices and also indices, but in practice they have no meaning, not even the psychological one that some ascribe to this. It's no more meaningful for a share to rise above, or fall below, say 300, than it wouuld be for 297 or 302 etc.

[arja] 19/10/2021 08:22

can not even get to 300 at present ! hoping something will stir it

[loganair] 12/10/2021 20:55

500p, far too high a target, more like 350p for any take over and 400p max if we're very, very lucky.

[rocketblast] 12/10/2021 19:44

Looking more likely a takeover at these prices so top up get ready and be patient. Target 500p or more soon. See charts.

[arja] 06/10/2021 16:00

i think you were right chiefbbrody as really hammered today .

[arja] 04/10/2021 14:11

yes , I think SBRY might be fully values as same market cap,as MRW who own their freehold I understand . But a better bid prospect than TSCO I guess

[chiefbrody] 04/10/2021 12:00

Volume a bit high so far but just media froth again.Lets have some more juicy rumours. Need to offload some more.

[redoctober5] 04/10/2021 09:51

It sure has popped.

[williamcooper104] 03/10/2021 23:07

A pop tomorrow morning??

[dipa11] 02/10/2021 15:27

Meanwhile, Apollo is understood to be taking an "exploratory" look at Sainsbury's, according to the Sunday Times. Apollo has been scouring the industry for targets after being outbid for Asda last year, It will team up with Fortress Game change on Monday with sainsburyGood luck to long time holder (Shorter too as they are also long time holder?)

[quepassa] 01/10/2021 11:13

The Morrisons take-over battle and saga are coming to a head this weekend.

Final bids in a complex one-day auction process are due tomorrow 2nd. October with the Board making its formal recommendation on Tuesday 5th.

Phew.


Seems to me that once the Morrisons' deal is over and with new sector valuation benchmarks established, that the market will be clear for other potential sector-related M&A activity .

ALL IMO. DYOR.
QP

[spob] 30/9/2021 14:28

Trust me this situation is having a major economic impact