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trade247

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Everything posted by trade247

  1. Good review. Interestingly their individual ratings don't have an immediately obvious reflection on the overall score? Always think thats weird. (4.5+5+4.2+5+5+5+4.1+3.8+5)/9 = 4.62
  2. Nike’s earnings missed expectations for the first time since 2012. The sneaker giant’s earnings fell short of Wall Street estimates, coming in at $0.62 for the quarter and $2.49 for the year, compared to the $0.66 and $2.55 expected, respectively. Analysts remain bullish on the stock, though, with Morgan Stanley’s Lauren Cassel saying ‘NKE remains our top pick’. Uber hits an all-time high. On Friday, the ride-hailing platform’s shares closed at $46.38, up 7% from Thursday’s open. The rally, which marks the first time Uber’s share price has closed above its IPO price of $45, followed news that the company plans to expand its services into West Africa. It remains to be seen if Uber can continue this momentum; its Q1 results, released on 3 June, showed net losses had more than doubled from $478m in 2018 to $1.01bn.
  3. Interesting detailed reply @Mercury - thanks. absolutely agree. Thats a wishful ideology, however i do think there is serious opportunity to make do with a **** ton of inefficient systems, companies and processes. 'Middle men' if you will. The big four need to be very worried in my opinion, along with all these ridiculous institutions which charge an arm and a leg for verification of facts. (accounting firms, banks, mortgage providers, home ownership stuff, deeds). Also true to some extent long term, however where are we at the moment? wouldn't you say that my initial points above (which don't focus on any sort of ideology but rather on market dynamics, current sentiment, and increase in adoption) are correct? Would be interested in the rebuttal, if you believe there is one, to these very specific points. Interesting! What were you doing at Disney? (And side note - thoughts on recent merger?) Crypto is two sided. One side is the cryptographic and mathematical certainty which it provides - in theory you shouldn't need 'trust'. Do people however understand? No. Do people trust the other third party providers who offer wallets etc? No. How long will it take? Unknown, however putting £1000 (fictitious value) in now for a potential 10x (if not more) return in 5 years is a nice risk reward ratio which I'd be willing to take with x% of my savings. Ahhhh - sorry was replying as i went - think this answers my point above - will leave it as is tho. Agree with the green - unsure on the red. A contrarian indicator to the wider market or specifically Bitcoin? If the latter isn't this just a counter trend concept? Also doesn't it follow that if you're not interested in trading one way or the other its because you don't have a solid enough conviction either way (even if this is because you've taken the sensible decision to not on things you're not 100% with) then you also shouldn't use it as an indicator on anything. Premise is the 'if you dont put your money where your mouth is' on the trade concept, then you wouldn't / shouldn't believe in it as an indicator either? absolutely! it's why we're all on a forum rather than just reading an article debate and objection is welcome!
  4. Get this via email from another broker but thought it was a good copy/paste. Thought it was worth a share and could give a few trade ideas. Also should we get a 'quick trade ideas' section running again? Or maybe @JamesIG can sort a competition or something based on new trade ideas? Optimism is fading as the US’s power struggle with China and Iran continues. By Wednesday morning, markets across the globe were feeling deflated as investors signalled a lack of appetite for the current level of political risk. In the US, the Dow Jones, S&P 500 and Nasdaq closed on Tuesday down 0.6%, 1.1% and 1.8% respectively since the start of the week, while China’s Shanghai Composite had dropped 1.6% by its close on Wednesday. In Europe, the picture is slightly better, with the FTSE 100 remaining flat overall. Germany’s DAX is one of the few major markets to post a positive result: on Wednesday morning it spiked to €12,290.46, up 0.13% from the start of the week. Disney shares to enter new magical era? Some analysts view the stock’s latest holding pattern as a signal to buy, anticipating a further breakout after the company’s shares reached a record-high of $143 last week. Meanwhile, the company’s streaming strategy is gaining steam as Hulu, which Disney owns 60% of, has racked up 3.8m US subscribers in the year to date – outpacing competitor Netflix. Can Disney shares retest last week's all-time high? Micron surprises investors with latest results. Shares rallied as much as 10% in after-hours trading after the chipmaker delivered adjusted EPS of $1.05 and revenues of $4.79bn last quarter – both exceeding consensus forecasts (although still representing a 39% year-on-year revenue drop). Overall, its shares are down 25.7% since its year-to-date high of $43.99 and 0.2% since the start of the year. Some analysts now view Micron as a buy opportunity – with BAML saying they see value in the company’s low valuation. UK high streets still have their champions. While the high-profile turnaround struggles of Debenhams and New Look have been well-documented of late, stocks in sectors like sports retail and value apparel are bucking the trend with strong year-to-date growth. The 3 stocks bucking UK retail's spiralling decline. Match Group enters buying territory. After a dip during the latter half of last week, the parent of dating app Tinder rebounded sharply, rising 7% to 71.48 through Monday. That puts the stock 5% below its flat-base buy point of $75.38, according to Investor’s Business Daily. Match’s stock has had a meteoric 58% rise year-to-date, powered by strong metrics around the Tinder app’s usage and plans to tap Asia’s legion of smartphone users. FedEx reports estimates-beating results. On Tuesday, FedEx announced earnings of $5.01 per share based on revenues of $17.81bn, beating consensus EPS estimates by $0.20. The results do not seem to be enough to reverse the logistics company’s share price trajectory, though, which continued to fall in after-hours trading. On Monday, the Wall Street Journal reported that FedEx had been slashing prices to support its Express service – which also cut ties with Amazon earlier this month – sending the share value down 4.9% by Tuesday’s close. Evercore switches tune on Spotify. Evercore ISI analysts downgraded the Swedish music streaming company from in-line to underperform, cutting its price target by $15 to $110, citing scepticism over the ability to meet Wall Street estimates. Spotify’s stock closed down 1% to $145.69 on Monday. Also on Monday Spotify was revealed to have been exaggerating the amount of “app tax” it pays on Apple’s App Store; Spotify’s CEO Daniel Ek has complained that Apple requires Spotify to pay a 30% tax on purchases made through Apple’s payment system; Apple responded by saying Spotify has never paid more than 15%.
  5. Yes! Also, what are you doing regarding new cryptos and new pairs? How are IG going to stand out from the rest?
  6. are those about 11.2? to 15K? 11.2 also supported by Jan '18 levels.
  7. Interesting point of view @Mercury - however I think the analogy is slightly tenuous. Arguably bitcoin and other blockchains such as ethereum et al, is the same as investing in the TCP/IP of the internet boom. This isn't like investing in pets.com - this is like investing in the underlying framework and protocol of the internet itself. Ordinary people aren't using crypto - also true, however you can't deny that adoption and integration isn't growing exponentially. Hardly anyone was using computers or the internet when you had to type command lines rather than use a GUI. Adoption takes time, but given the number of invested actors and the current trajectory it'll happen at some point. People can also buy at 0.00000001 BTC so to think it's a whole product isn't really the point. You often hear the saying 'if you don't believe in bitcoin, it's likely that you don't really understand bitcoin'. Whilst overly offensive, I do see why people say that. I think a lot of these propositions also fail to miss the point of what we're talking about here. They're all going off at an angle ... we're not arguing "Bitcoin is the next store of value / replacement to USD" blah blah blah. What I'm saying is this is what moves bitcoin price. If you're a trader, and a technical trader at that (I never really see you post fundamentals nearly as much as technical analysis), does it matter what the asset is? Just it's price, it's price action, and it's conformity to your models? Whats your Elliot wave / technical view? And whats your conviction? Have you places a short if you think it's going short?
  8. you're right - correlation of two unrelated things is entirely accurate way to judge value.
  9. Thought I'd do a little copy past from one of my earlier posts given we're hitting some recent highs and seeing a significant rally in 2019. As I said this draws on a previous post I made on the bitcoin 500MA post here. What moves the price of Bitcoin? It is a truly truly truly inelastic asset. When gold goes up, people start producing more. When oil tanks, people don't pump as much. Even housing and infrastructure will be able to scale up or down depending on demand. Crypto however has a fixed amount being created which is mathematically restrained and can't be altered. When demand shifts people will gobble up the inelastic asset and supply demand curves will react accordingly. UPDATE: still think this is very relevant. Liquidity is thin. Honestly - don't just take my word for it - have a look at the global volumes. All it takes is a $100,000 dollars odd and you can move the price of some of these assets a hundred dollars or so. Thin liquidity means that prices can move very quickly either way. At the moment we are in a downward trend, but as soon as that turns and people jump on the bandwagon again ... well, we've seen it happen before. UPDATE: Not as much as prices are higher so the same amount of USD value won't hit the exchanges in the same way, liquidity is better in OTC venues which is where the majority of Crypto switches hands, exchanges have better order types and order routing these days as well. Lots of 'risk off' groups as well - algo V algo buying and selling giving false liquidity. Still, look at the book. Thin-o-saurus-rex. Hold. Become rich. Simple. EVERYONE knows about a mate, or a mate of a mate, or at the very least an article somewhere talking about buying crypto, holding onto it, and becoming rich. That's the way things are. It's happened over the last ten years and now the world has it in it's psyche that it's fact. Those who hold wont sell, whilst those on the sidelines are just waiting to get in. UPDATE: still the case, if not even more so. Bitcoin halving event in 2020. Over the last two halving events BTC prices have doubled. Again, this is all we have to go on, but people think that it's happened in the past so it's sure to happen in the future. Wait for it ... we'll see parabolic once more. UPDATE: was early on this one - but it'll come and i think we're heading for 50k BTC. ETF city. People want it. It's coming. It's just a matter of time. UPDATE: this has happened to some extent in certain markets. BTC values soared. ETH is looking for the same - futures and ETFs are argubly still on the cards because exchanges and ETF providers are all private or listed these days and need to either keep an eye on share holder value and capital growth. They can either - a) increase prices (tough), b) increase flow (tough), c) add new asset types to create new revenue streams (easiest of the three). What are your thoughts? Lets get a thread going...
  10. The next correction is going to be catastrophic - and based entirely on what these central bankers have already done to our market. Quick wins pushed by politicians from the '07/8 crash which have resulted in a **** ton of illiquid sovereign bonds (think Woodford on a global scale) and all the monetary policies being used to prop up an economy. we gonna get **** up
  11. interesting view on this. I've always thought that cryptos are completely unrelated to other asset types which is why they're so difficult to price. Everything else has the inter-connectivity between themselves (Fed IR effect USD 'value', which knocks on to USD denominated assets, which leads into equities, re-positioning etc) but always thought crypto is a world unto its own. Linked to cost of production - electricity, CPU costs etc.
  12. Looking at the ratio things need to change for the ETHBTC ratio to hold at 260 SATs. ETH is currently well under performing. At the 400 level you see at the peak, assuming BTC current price, ETH would be looking at 500.
  13. are they not already tho?
  14. Which means if you bought at any time other than those 87 days in the 10 year history, you'd be making money. BTC $50k within 18 months. Whoop whoop. Set your alerts.
  15. change SDev you can click the numbers in bottom left of chart to do this.
  16. i don't get it. How is there any basis in that price action?
  17. really flirting heavily with that 8k mark but last 5 sessions isn't holding. turning point, or a little consolidation before the next leg up?
  18. Looking like a good technical change happening right now with ETH blasting through it's 200 day EMA and no sitting happily above all averages with some good volume going through. Still lagging on the differential though so after this recent BTC rally we may see some good flows back into the runners up. I'd be a buyer of ETH at this time. Volumes in April back to those highs which we haven't really seen since the beginning of the year.
  19. Bitcoin up nearly 150% in 150 days .... what a time to be alive.
  20. looking forward to what crypto brings over the next 18 months. potential for some parabolic moves.
  21. An interesting read and an even more interesting website. No advertising as far as I can see (don't think I have an ad blocker) and well written articles from a number of authors with citations.... almost unheard of!
  22. interesting historical references and nice post. Value that a lot - and I'm not just saying that because I agree with what you're saying! Welcome to the forum. Hopefully we'll see some more of this going forwards.
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