Suggestions for a speculative punt?

adindas

NedS said:

adindas said:

The crude oil is currenty keep droping. It is probably good to wait until bottoming and add the portfolio to increase divesification as to be used as a hedging tool.

I believe it is similar to other COVID-19 related stock, it is just a matter of time before they will jump again as the demand of crude oil will rise once more people traveling and start using their car as it used to be.

Fantastic. Please let me know when the crude market bottoms as I'm looking to top up. Mind you, at $71 a barrel for Brent crude, I'd describe that more as just off recent highs than currently keep dropping.

Hi NedS

This is the news regarding the Crude falls on surging Covid cases, following worst week since October for oil

https://www.cnbc.com/2021/08/09/oil-prices-fall-4percent-on-rising-global-covid-cases-continuing-slide-following-worst-week-since-october.html

Another news is here

https://www.cnbc.com/oil/

Unfortunately we cannot tell people when the price is bottoming, when to buy as even using good indicator it is still not 100% accurate. Moreover we are not a financial adviser doing that will deem to be illegal and we might get kicked out by MSE.

I also would like to learn from you and other people in here.

If you follow people on CNBC news they will normally discuss the market and will inform when they are back.

There is also a good discussion here on eToro

https://www.etoro.com/markets/oil

But I print the chart from trading view. As we can see the resistance level of $65 has been retested twice. But this has not been double confimed by the RSI (relative Strengh Index) as the RSI has not been in the oversold territory. But the volume on the last day start showing that more people are buying rather than selling.

But to me when they drop to the next resitance level of around  $61.50 or below 200 SMA I will bite.

Madeinireland101

I had some cash ISA’s that I moved to a stocks and shares ISA. About a month ago and up to a couple of days ago I invested £40,000 into 4 different stocks - £10k in each.

These were Harbour Energy, Rolls Royce, Capita and very recently Cineworld. How did I select them? - well in the main I looked at the last 3 year charts and where the company hasn’t recovered from the crash in early 2020 and had a great multiple to get to back to its former state - these type of companies were on my agenda. I did do some other basic research just to try and ensure there wasn’t other factors holding back the share.

Anyway - I’m pleased to say I’m nearly £5k up  - which is way more than if I kept the money in the cash ISA of course. Two of those companies are showing a slight loss (cineworld and Harbour energy) but I feel they will come good given time. I’m not intending to sell any of them anytime soon anyway.

I have a number of other companies on my hit list but I’m waiting for what I consider the right time. Sometimes as a result of this I have missed the boat on some - Powerhouse Energy is a good example - I was thinking of buying some a few days ago at 2.8pence and they are already 3.65pence.

Anyhow the purpose of the post is to say there is good money to be made out there - maybe I’ve just been lucky so far but it seems to be working 😀

Good luck all.

sevenhills

Madeinireland101 said:

These were Harbour Energy, Rolls Royce, Capita and very recently Cineworld. How did I select them? - well in the main I looked at the last 3 year charts and where the company hasn’t recovered from the crash in early 2020 and had a great multiple to get to back to its former state - these type of companies were on my agenda. I did do some other basic research just to try and ensure there wasn’t other factors holding back the share.

Capita has done great over the last 5 days, 40% up; I haven't sold my shares in Capita yet, I am hoping for the price to keep rising, although there may be a pause first.

I wouldn't have said Capita was a volatile stock, so 40% in a week was a surprise.

DireEmblem

Prism said:

DireEmblem said:

BABA - Alibaba Group - $211.64
CHRY - Chrysalis Investment Trust - £2.14

Just putting in current prices just incase anyone revisits this post to check performance 

Since last week when this was posted CHRY is now up to £2.61 which is over 20% in just over a week. Up 131% over the last year and around 230% since I first bought in during last years crash. Certainly the best performing fund I have bought to date and I hope that performance continues.

As much as I dont like "1 year performance", as imo anything short term could be considered gambling, it does have more room for growth, but room for pullback as well.

I see them as well educated managers investing in private companies that have more potential, and better at picking companies than you and I.  We have the option to participate in some private listed companies, through the likes of crowd cube, and some of these CHRY has holdings, but we are paying for their expertise, and trusting that pays off.

Thrugelmir

Madeinireland101 said:

Anyway - I’m pleased to say I’m nearly £5k up

I'm struggling to remember a time when (many) share prices were so volatile. There's a lot of cash being injected into the markets by retail investors who appear to be doing little more than speculating. Which is causing wild gyrations. Companies themselves are still generally coming to terms with the ongoing issues created by the pandemic. 

Moe_The_Bartender

Thrugelmir said:

Madeinireland101 said:

Anyway - I’m pleased to say I’m nearly £5k up

I'm struggling to remember a time when (many) share prices were so volatile. There's a lot of cash being injected into the markets by retail investors who appear to be doing little more than speculating. Which is causing wild gyrations. Companies themselves are still generally coming to terms with the ongoing issues created by the pandemic. 

I really doubt that retail investors have the firepower to move share prices significantly.

Thrugelmir

Moe_The_Bartender said:

Thrugelmir said:

Madeinireland101 said:

Anyway - I’m pleased to say I’m nearly £5k up

I'm struggling to remember a time when (many) share prices were so volatile. There's a lot of cash being injected into the markets by retail investors who appear to be doing little more than speculating. Which is causing wild gyrations. Companies themselves are still generally coming to terms with the ongoing issues created by the pandemic. 

I really doubt that retail investors have the firepower to move share prices significantly.

Collectively not individually. Trading apps for example highlight the most active shares. More people than ever are now investing or speculating in the absence of the ability to gamble at the bookies. 

Madeinireland101

sevenhills said:

Madeinireland101 said:

These were Harbour Energy, Rolls Royce, Capita and very recently Cineworld. How did I select them? - well in the main I looked at the last 3 year charts and where the company hasn’t recovered from the crash in early 2020 and had a great multiple to get to back to its former state - these type of companies were on my agenda. I did do some other basic research just to try and ensure there wasn’t other factors holding back the share.

Capita has done great over the last 5 days, 40% up; I haven't sold my shares in Capita yet, I am hoping for the price to keep rising, although there may be a pause first.

I wouldn't have said Capita was a volatile stock, so 40% in a week was a surprise.

Yes it’s my best performer and no one really knows where it will go but when I look at the 7 day chart it looks like it’s going up a very steep mountain - switch then to the 3 year chart and you’ll see its hardly a blip after coming down a very wide and high mountain so no reason to think it can’t keep going up to get to a recovery position 😀

Nebulous2

Thrugelmir said:

Madeinireland101 said:

Anyway - I’m pleased to say I’m nearly £5k up

I'm struggling to remember a time when (many) share prices were so volatile. There's a lot of cash being injected into the markets by retail investors who appear to be doing little more than speculating. Which is causing wild gyrations. Companies themselves are still generally coming to terms with the ongoing issues created by the pandemic. 

Lots of retail money, but not all of it is causing wild gyrations. In some ways it is stabilising what would be bigger drops in the index. 

US stock markets' drop: Will 'young bulls' come in for another rescue act again? | Markets – Gulf News

Grenage

Madeinireland101 said:

sevenhills said:

Madeinireland101 said:

These were Harbour Energy, Rolls Royce, Capita and very recently Cineworld. How did I select them? - well in the main I looked at the last 3 year charts and where the company hasn’t recovered from the crash in early 2020 and had a great multiple to get to back to its former state - these type of companies were on my agenda. I did do some other basic research just to try and ensure there wasn’t other factors holding back the share.

Capita has done great over the last 5 days, 40% up; I haven't sold my shares in Capita yet, I am hoping for the price to keep rising, although there may be a pause first.

I wouldn't have said Capita was a volatile stock, so 40% in a week was a surprise.

Yes it’s my best performer and no one really knows where it will go but when I look at the 7 day chart it looks like it’s going up a very steep mountain - switch then to the 3 year chart and you’ll see its hardly a blip after coming down a very wide and high mountain so no reason to think it can’t keep going up to get to a recovery position 😀

Alternatively, one could look at the 5+ year chart and view that all it's done is go down.  Previous prices are of little use in picking shares.