Irrational Markets

Prism

csgohan4 said:

Prism said:

webjaved said:

The big tech stocks are plummeting at the moment, a good opportunity for people to top up their shares.

Yup, just to add an example or three daily returns
BG American -8.3% 
Axa Framlington Global Tech -6.5%
BG Long term global growth -6.5%

As expected volatility in these times, as with all things, they will correct themselves and hopefully more on the up than down over the next decade or so. I also hold some of the funds you have. My ATT took a large 10% hit I can see, but I'm not worried. It's for the long game I am in. 

If only I did own them I would have had even better returns this year. Unfortunately I sold my BG funds a couple of years back as I was concerned about how far they might fall during a crisis. I sold my last tech fund last year too.

noClue

I can't stop loling
https://www.zerohedge.com/markets/pfizers-ceo-dumps-60-his-stock-covid-vaccine-announcement

is it fake news?

Thrugelmir

No worse than the Kodak executives shenanigans a few months back. Wild West is still very much alive. 

quirkydeptless

noClue said:

I can't stop loling
https://www.zerohedge.com/markets/pfizers-ceo-dumps-60-his-stock-covid-vaccine-announcement

is it fake news?

He must have started reading this forum and decided to move it into a global passive index fund

csgohan4

the markets still volatile, the gains Rolls royce seeing are coming down a bit. sub 89p now, down from the highs of 124p a few days ago, big drop. I think people have been selling to make a quick buck. 

Should have picked this one up when it was below 50p

Thrugelmir

csgohan4 said:

the markets still volatile, the gains Rolls royce seeing are coming down a bit. sub 89p now, down from the highs of 124p a few days ago, big drop. I think people have been selling to make a quick buck. 

Precisely why shorting stocks is a dangerous activity. Market can turn round and bite your hand off. 

coastline

csgohan4 said:

the markets still volatile, the gains Rolls royce seeing are coming down a bit. sub 89p now, down from the highs of 124p a few days ago, big drop. I think people have been selling to make a quick buck. 

Should have picked this one up when it was below 50p

After a quick 15% rally in many indices I would expect some kind of pull back. 5% wouldn't be unusual. Looking at analysts comments they are expecting stability in Q4 without the vaccine news.
https://insight.factset.com/analysts-are-continuing-to-raise-quarterly-sp-500-eps-estimates-in-q4?
Valuations continue to be heady in some cases but with low interest rates this happened before in the 1960's.
https://pbs.twimg.com/media/EmUr5MHWEAEw5fR?format=png&name=900x900
Not that P/E values are the only indicator I see the Nasdaq is on a similar P/E ratio despite the huge rally earlier this year.
Regarding Rolls Royce many brokers have released the new RI shares to retail investors today. Looking at other FTSE stocks many have rallied to levels last seen in June/July and that goes for bombed out stocks. Some have rallied 30% and more others 10% but there seems to be a recovery to these summer levels. FTSE is similar in link below.
https://stockcharts.com/h-sc/ui?s=VUKE.L

csgohan4

coastline said:

csgohan4 said:

the markets still volatile, the gains Rolls royce seeing are coming down a bit. sub 89p now, down from the highs of 124p a few days ago, big drop. I think people have been selling to make a quick buck. 

Should have picked this one up when it was below 50p

After a quick 15% rally in many indices I would expect some kind of pull back. 5% wouldn't be unusual. Looking at analysts comments they are expecting stability in Q4 without the vaccine news.
https://insight.factset.com/analysts-are-continuing-to-raise-quarterly-sp-500-eps-estimates-in-q4?
Valuations continue to be heady in some cases but with low interest rates this happened before in the 1960's.
https://pbs.twimg.com/media/EmUr5MHWEAEw5fR?format=png&name=900x900
Not that P/E values are the only indicator I see the Nasdaq is on a similar P/E ratio despite the huge rally earlier this year.
Regarding Rolls Royce many brokers have released the new RI shares to retail investors today. Looking at other FTSE stocks many have rallied to levels last seen in June/July and that goes for bombed out stocks. Some have rallied 30% and more others 10% but there seems to be a recovery to these summer levels. FTSE is similar in link below.
https://stockcharts.com/h-sc/ui?s=VUKE.L

I wonder what the bottom will be like, if there will be, EZJ has remained stable I can see, as has JDW. 
I think with the introduction of a vaccine imminent, whether from pfizer or others, I think the market is adjusting itself and will be going upwards. However I think there will be some more fall between now and dec and then they will sky rocket again in Dec onwards 

BananaRepublic

csgohan4 said:

coastline said:

csgohan4 said:

the markets still volatile, the gains Rolls royce seeing are coming down a bit. sub 89p now, down from the highs of 124p a few days ago, big drop. I think people have been selling to make a quick buck. 

Should have picked this one up when it was below 50p

After a quick 15% rally in many indices I would expect some kind of pull back. 5% wouldn't be unusual. Looking at analysts comments they are expecting stability in Q4 without the vaccine news.
https://insight.factset.com/analysts-are-continuing-to-raise-quarterly-sp-500-eps-estimates-in-q4?
Valuations continue to be heady in some cases but with low interest rates this happened before in the 1960's.
https://pbs.twimg.com/media/EmUr5MHWEAEw5fR?format=png&name=900x900
Not that P/E values are the only indicator I see the Nasdaq is on a similar P/E ratio despite the huge rally earlier this year.
Regarding Rolls Royce many brokers have released the new RI shares to retail investors today. Looking at other FTSE stocks many have rallied to levels last seen in June/July and that goes for bombed out stocks. Some have rallied 30% and more others 10% but there seems to be a recovery to these summer levels. FTSE is similar in link below.
https://stockcharts.com/h-sc/ui?s=VUKE.L

I wonder what the bottom will be like, if there will be, EZJ has remained stable I can see, as has JDW. 
I think with the introduction of a vaccine imminent, whether from pfizer or others, I think the market is adjusting itself and will be going upwards. However I think there will be some more fall between now and dec and then they will sky rocket again in Dec onwards 

I’m sure it won’t be too far from that although I’m expecting a gradual upwards movement, rather than a sky rocket, from spring or summer next year. I guess it will depend on the effectiveness of track and trace and the pace of vaccination. The Pfizer announcement has proven the basic science behind most vaccines. We have yet to see if Boris et al can organise a celebration in a beer factory.

I saw a friend’s business go belly up yesterday due to covid. The current lockdown was the final straw. It broke many people’s hearts. 

Did you forget about Brexit? That will be ‘interesting’.