Foxton's Share Price dropping rapidly

Bubble_and_Squeak

doing an ian today!
they must be cooking up a fire sale!

hpifever

Foxtons have issued another profit warning.

ChopperST

hpifever wrote: »

Foxtons have issued another profit warning.

And the share price is up 5%

https://uk.finance.yahoo.com/q?s=FOXT.L

wotsthat

According to HPC nonsense economic theory is a proxy future for London house prices. There's been a definite upwards trend since the end of November.

I assume this theory has now been superseded and a new flavour of the month theory adopted to show a crash is about to happen right about now.

mayonnaise

ChopperST wrote: »

And the share price is up 5%

https://uk.finance.yahoo.com/q?s=FOXT.L

Bubble_and_Squeak wrote: »

its a lead indicator for house prices and rents in the regions where foxtons operates.

:rotfl:

.....

hpifever

Superb!! I made some money.

ChopperST

Good news all round then.

Bubble_and_Squeak

wotsthat wrote: »

According to HPC nonsense economic theory is a proxy future for London house prices. There's been a definite upwards trend since the end of November.

I assume this theory has now been superseded and a new flavour of the month theory adopted to show a crash is about to happen right about now.

as paul simon once said
"all lies and jest. still, a man hears what he wants to hear and disregards the rest."
in this case you are disregarding the long term trend.

wotsthat

Bubble_and_Squeak wrote: »

as paul simon once said
"all lies and jest. still, a man hears what he wants to hear and disregards the rest."
in this case you are disregarding the long term trend.

The only reason Foxtons is the crashaholics preferred house price forward indicator is because there isn't a long term trend.

Therefore there's no opportunity to map the past and determine whether there's a historic correlation between Foxtons share price and house prices.

Unfortunately you've let hope, faith and bias triumph over what little logical thinking you're capable of.

hpifever

It's at 180 now!