Greggs: the awesome power of a vegan butty

[phillo]

[dmedin]

It's moving up from and 'oversold' condition. 

Wonder if it has any further to fall.  The 200 day SMA is approaching.  Directional Movement?

 

 

Edited August 19, 2019 by dmedin

[dmedin]

It wasn't me

[dmedin]

It looks like it is heading back down again, by Jove!

I am such an idiot for going in and out of short trades on this stock.

I'm just an idiot in general

 

[dmedin]

Greggs is still falling.  A free moneymaking machine ... make the most of it. 

I sound like one of those 'get your PPI claim in before it's too late' advertisements ...

[dmedin]

I hide my open order in order to protect my modesty but I'm short to 1800.

 

[dmedin]

It's been 'oversold' for ages and finally there's been a buying spree!

[dmedin]

Maybe time to think about going long, perhaps on a future contract.

UBS upped its rating on shares of bakery chain Greggs to 'buy' from 'neutral' on Wednesday, lifting the price target to 2,300p from 1,880p as it pointed to "significant" growth opportunity.

[dmedin]

Greggs has bent me over and gone in dry today ... I despair of trading and investing.  I just don't see how anyone who isn't an insider can make money from it.

2% savings accounts beckon.

[dmedin]

Gone long on a March 2020-dated future.  100 point stop, 300 point target.

Seriously CBA with the 'technical analysis' nonsense any more.

[dmedin]

Let's see if we can get a couple hundred points off this long.  A pick-up in volume along with crossing above RSI >30 and price is above 10-day SMA.

Surely people will want their vegan sausage rolls even when all hell breaks loose in Euroland.

Edited August 30, 2019 by dmedin

[dmedin]

IG's punitive spread on Greggs makes it impossible to get a profitable trade on just now ... forget about it.

[dmedin]

No!  Stop!  Go short now!!!!

[dmedin]

Are we going to resume our short, my bonnie wee bairns?  What was UBS' intervention all about?

[dmedin]

A lower high or just sideways action, my bonnie bairns?  🤔  I had my stop set just above the most recent high, but I panicked at the prospect of it going even higher and covered my short at a big loss. 

 

[dmedin]

It's make or break time, my bonnie bairns.  Been consolidating long time, converging to the mean - now it looks as if the uptrend will continue.

[dmedin]

Zut alors!  Wonder if it will break 1952, if so then I might be tempted to short it. 

[dmedin]

The vegan butty is well and truly vanquished 😿

[dmedin]

Sweet baby ****.  😿

[nit2wynit]

1 hour ago, dmedin said:

Sweet baby ****.  😿

Did you go Long on a Sausage roll? :O

[dmedin]

Just now, nit2wynit said:

Did you go Long on a Sausage roll? 😮

hahahaha I actually shorted it and chickened out last month, if I had held my nerve I would have made hundreds of quid.  🙈

[dmedin]

The UBS upgrade and the subsequent jump in share price made me lose my nerve.  B'tards!

[nit2wynit]

13 minutes ago, dmedin said:

The UBS upgrade and the subsequent jump in share price made me lose my nerve.  B'tards!

ha.  Well, it's Winter now..........Convenience eating and winter walks with a Pastie and a Peach Melba...When Brexit detroys the Pain au chocolate inmorts and Croissant, Greggs will become the staple for Middle Class Brekkie.  lol.

[dmedin]

Sinking like a stone

[dmedin]

Might be worth another wee poke.

[dmedin]

This could have a lot further to go.  Maybe it will fill that gap

[phillo]

On ‎15‎/‎08‎/‎2019 at 13:45, elle said:

at quite a point here  - there was a lot of interest here earlier in the year

[dmedin]

12 hours ago, elle said:

at quite a point here  - there was a lot of interest here earlier in the year

 

Do you think it has further to fall?

[phillo]

there was a lot of interest in this one between Mid Feb & Mid May, those holders must still be there, so they may take some shaking out. 1700 must hold for them. I think they'll hold on for a while, unless there's some sort of market shock

[dmedin]

Quote

Greggs reported that total sales rose 12.4% for the six weeks to 9 November, and it now expects 2019 pre-tax profit to be above previous estimate

 

Maybe UBS was right, couple of months back?  Or could it turn out to be another good chance to go short on the vegan butty 🤣

Edited November 11, 2019 by dmedin