Greggs: the awesome power of a vegan butty

[phillo]

On ‎05‎/‎11‎/‎2019 at 09:31, elle said:

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]

Nice chart from IG ...

[CharlotteIG]

3 hours ago, dmedin said:

Nice chart from IG ...

Hey @dmedin,

Is that on the cash or forward chart for Greggs? I've tried to replicate the same layout on my phone and desktop but it's not showing that issue you're having. If it's on your desktop as part of your layout, can you remove the chart then re-add it and see if it's still not working. 

Let me know

 

[dmedin]

@CharlotteIG

It's sporadic and does not usually persist

[CharlotteIG]

44 minutes ago, dmedin said:

@CharlotteIG

It's sporadic and does not usually persist

@dmedin, after refreshing the page does it still persist? If so I would advise you to contact our technical team. This should not be happening especially when the charts are something you need for your technical analysis! 

Let me know 

[dmedin]

The vegan butty is back with a vengeance 😎

[dmedin]

[dmedin]

🥳

[dmedin]

Need to see it break above 2140, otherwise, will be exiting trade asap ...

[dmedin]

The butty is faltering.  I closed my position, although I kind of regret it now - look at that spread.  It doesn't make sense to enter a new trade now.

[dmedin]

On the way back up ... patience is required with these stocks.  🤔

[dmedin]

Go on!🐮

[phillo]

break down move will take something to take back out

[phillo]

On ‎26‎/‎11‎/‎2019 at 21:45, elle said:

break down move will take something to take back out

 

[dmedin]

It effectively costs £16 to trade Greggs - seems like the permanent minimum spread, no matter what.  Just not worth it at this stage, until it makes a decisive move one way or the other.

Edited December 3, 2019 by dmedin

[dmedin]

The entire FTSE 250 is boosted by a stronger pound, so I doubt the wisdom of picking out individual stocks (a rising tide lifts all boats).  Then again it's cheaper to get leverage on Greggs than the entire FTSE 250 index.  But yes, buy and hold.  Only way to avoid these horrible 'sudden swings'.  Or buy call options, if you can.

Edited December 16, 2019 by dmedin

[dmedin]

Apropos of which, I must stop in by a Greggs at some point and try one of these.  I wonder if meat substitutes have any of the good things about meat (protein, vitamins and other essential minerals)?  If not, then what's the point - except for the purposes of virtue-signalling? 🤨

https://uk.reuters.com/article/uk-greggs-vegan/greggs-follows-vegan-sausage-roll-success-with-meatless-steak-bake-idUKKBN1Z10QX

 

The spread on Greggs is still really big (16 seems to be the minimum, so if you want to SB on Greggs you pay IG £16 for the privilege - you pay less in commission if you just buy the shares outright) and it costs too much to bet on the FTSE 250.  It ain't great

 

[Caseynotes]

Fake steak bake sounds great. 🤒

[dmedin]

I'm very undecided when I look at charts for shares.  It seems like the only way to trade is to put in a nice big stop (usually beneath large/gapping up green candles) and leave it to run it course (future-dated contract).  I can't see any other sensible way of doing it, considering short-term gaps and in this case the astronomical spread.  Even then it might just be better to buy some of the shares for real, where they are relatively cheap.

 

[dmedin]

Next Wednesday the 8th is Christmas trading report - let's see what happens then 💡

[dmedin]

Should have bought and held!

[dmedin]

Will it fall back to one of these (possible incorrect because I drew them) support levels and present a good opportunity to buy back in? 🤔🥩  2120 would be ideal as you can see there was heavy buying up to that level, so it will probably hold up at that point.

Edited January 21, 2020 by dmedin

[dmedin]

Might buy at 2200 if it holds.

 

[dmedin]

2120 looks better 🤔

[dmedin]

Still looking for a bargain 🤖

[dmedin]

Come to papa 👺

[dmedin]

Come and hit daddy's sweet zone 😘

[dmedin]

Picking up again but still too expensive.  👺

[dmedin]

Looks like this boat has sailed.  👺  Never mind, IG's spread on it is extortionate anyway.  This might be one to consider buying real shares.

 

 

[dmedin]

It's about to hit my sweet spot, but let's see what the imminent earnings report sayeth first.