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The sell in May challenge
Comments
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Walkers Crisps (wcw)
Currently 31.50 as of 4.20pm0 -
gadgetmind wrote: »What's the betting that our "portfolio" beats the FTSE All Share?
Good possibility if your entry pays off.
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Thrugelmir wrote: »Good possibility if your entry pays off.
I actually meant that the value of our "portfolio" goes *up* more than the FTSE AS, which is the way things have been for shorters in the US for some time now.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I actually meant that the value of our "portfolio" goes *up* more than the FTSE AS, which is the way things have been for shorters in the US for some time now.
Well the Co-op Bank preference share seems to have been a good choice for this purpose anyway :eek: You are up almost 50% on your theoretical short.
http://www.reuters.com/finance/stocks/chart?symbol=CPBB_p.L0 -
Well, if you're going to pick a stinker ...I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
There's talk of a haircut on the pibsShaolin_Monkey wrote: »
Looks like they're having a firesale of anything saleable and will be left with just a bad bank to dump."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Sorry, I made an error with the spreadsheet formula to calculate p&l for a short sale, resulting in exaggerated profits and losses. I think I've corrected it now but the profit on CPBB is now more like 30%. Still miles in front, but I thought it didn't look right as the price has not fallen by half since the entry date.0
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gadgetmind wrote: »What's the betting that our "portfolio" beats the FTSE All Share?
Thats my guess as alot of these shares already fell considerably. If markets languish over summer they are liable to stay level or rise even
Apple is in the middle of a large share buyback and they got 100bn spare or something silly. It might fall better after it finishes
I would say lloyds as its the share that rose the most for me and it only takes the usual worry for it to be 40p. Its not moved much since May..
CPBB is their bond ? didnt think they had shares0 -
sabretoothtigger wrote: »I would say lloyds as its the share that rose the most for me and it only takes the usual worry for it to be 40p. Its not moved much since May..
I bought LLOY at high 20s and sold out at 55p. I currently only hold the prefs.
CPBB are preference shares and CPBC are PIBS..CPBB is their bond ? didnt think they had sharesI am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Gadget did you mean CPBA or CPBC are pibs? You said CPBB twice...
They have a 5.555% bond issue (rate potentially reducing to a libor+ in 2015) and a 13% one. Worth knowing where everything fits in the structure if you get involved.
Personally as a contrarian I just bought into CPBB at 58p which looks much more sensible than the 80p+ a couple of weeks back. Still possibly a haircut, change of terms or complete collapse to come, and any of those are much more likely imho from these lot than when we were buying Lloyds prefs at under par a while back. But I think there could be a decent return here given time, so have taken the plunge with some of my pension that was sitting in cash.0
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