Mark Carney warns of complacency in financial markets

MFW_ASAP

MFW_ASAP wrote: »

Still no response from Graham about my 'Mortgage Claim', whatever they were. Pathetic how some people need to try and throw baseless accusations to score points.

Still no response from Graham, I think we can therefore safely put this to bed and recognise that Devon was indeed throwing around baseless accusations to score points, but only succeeded in scoring an own goal.

Incidently, as he was requesting share tips, I'll advise him that I have again bought into Tesco shares and that he is welcome to also jump into this volatile market for some quick gains or losses (depending on the fates).

wotsthat

MFW_ASAP wrote: »

I'll be out of this market perhaps for anything upto a year. If I'm wrong then I might have missed out on an average of 5% gain, if I'm right, then I'll make a much bigger gain.

Are you still confident?

Your gain on that first purchase of Tesco is now a loss and the FTSE is pretty much back to where it was a month ago.

EDIT: Since this thread started I've read a book which referenced studies showing that for a 'moving to cash' based strategy needs the investor to make the correct call 70% of the time to match the index.

Thrugelmir

wotsthat wrote: »

Are you still confident?

Your gain on that first purchase of Tesco is now a loss and the FTSE is pretty much back to where it was a month ago.

Record number of profit warnings, most since 2008. Share prices appear to reflect people chasing income. Ignoring the underlying risks.

wotsthat

Thrugelmir wrote: »

Record number of profit warnings, most since 2008. Share prices appear to reflect people chasing income. Ignoring the underlying risks.

As stock markets fell I'm sure you thought that was because people were starting to recognise the underlying risks. As they rise you think it's reflective of people ignoring underlying risks.

Maybe the day to day movements of the stock market aren't reflective of anything much at all.

MFW_ASAP

wotsthat wrote: »

Are you still confident?

Your gain on that first purchase of Tesco is now a loss and the FTSE is pretty much back to where it was a month ago.

EDIT: Since this thread started I've read a book which referenced studies showing that for a 'moving to cash' based strategy needs the investor to make the correct call 70% of the time to match the index.

I sold the initial purchase of tesco within a couple of days, then the price fell, so I bought again. I made about £3600 from the first purchase and I'm now about £1k up on this current purchase. I'm day trading, not investing for the long term, so fluctuations in a stock help me.

Thrugelmir

wotsthat wrote: »

As stock markets fell I'm sure you thought that was because people were starting to recognise the underlying risks.

Appears it was the hedge funds that took a battering not private investors.

Even today the bad news keeps on coming.

Statoil reported a third-quarter net loss of 4.7 billion Norwegian kroner ($710.8 million), compared with a net profit of 14.3 billion kroner in the same period last year. The performance missed analysts’ forecast of a 9.94 billion kroner net profit,

No one expected this set of numbers today it appears.

http://online.wsj.com/articles/statoil-posts-loss-after-write-downs-1414568351

MFW_ASAP

MFW_ASAP wrote: »

I sold the initial purchase of tesco within a couple of days, then the price fell, so I bought again. I made about £3600 from the first purchase and I'm now about £1k up on this current purchase. I'm day trading, not investing for the long term, so fluctuations in a stock help me.

I'm £4700 up now with these shares, especially with today's rise. Tesco is great.

Maybe looking to take some profit tomorrow, will see how the day pans out.

MFW_ASAP

MFW_ASAP wrote: »

I'm £4700 up now with these shares, especially with today's rise. Tesco is great.

Maybe looking to take some profit tomorrow, will see how the day pans out.

Luckily, I let the investment ride and some good news about a court actio with sainsburys has mad the shares rise over 4% today. I Now have a £9200 gain with these shares

I'm expecting these to fall back a little tomorrow, but onward and upward towards the end of the week

shortchanged_2

MFW_ASAP wrote: »

Luckily, I let the investment ride and some good news about a court actio with sainsburys has mad the shares rise over 4% today. I Now have a £9200 gain with these shares

I'm expecting these to fall back a little tomorrow, but onward and upward towards the end of the week

So how much have you actually invested to get a 5k return on a 4% rise?

Maths ain't my strong point but wouldn't you have had to have £100k in shares to see that sort of return?

purch

Truth ain't his strong point.