Shares to watch

Lozzer

Member
Messages
2,280
So over the weekend I put a stop on the trade and at 8:01 they closed the trade at 4636. I had bought at 70 with 5p a point. I got a return of £22k. Whoopy do. Its all theoretical as its a demo account.

But what happened? Why would shares in a cash strapped airline rise so high? There's no end of Covid19 so is it worth a punt to drop?
It all stinks of skullduggery to me, remember when Hertz rental cars went bust?, the shares went through the roof! The trick is to get "in on it" while you can, and remember you are never in control, the media and the big money that run the media are....
 
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stindig

Member
Messages
446
I have 65% Ethereum, 30% Bitcoin and 5% in Nano. I am over the moon with what has happened in the last 48 hours - and I think it still has some way to go. The difference this time around is that the big institutions are buying. Grayscale has committed $13Bn in crypto
 

empzb

Member
Messages
229
Anyone got any thoughts on GME game stop? A friend has been banging on about getting in ASAP. Have a bit of money from my btc so tempted to diversify but he seems a bit enthusiastic about them.
 

JJbing

Member
Messages
445
Anyone got any thoughts on GME game stop? A friend has been banging on about getting in ASAP. Have a bit of money from my btc so tempted to diversify but he seems a bit enthusiastic about them.

After a parabolic move, I'd maybe wait and see how it consolidates, however I have been thinking that about Tesla since I sold them at around $350!!
 

Froddy

Member
Messages
1,072
Totally agree.

Also, it's really important to look at higher timeframes. On the weekly chart (below) you can see that it's in a strong downtrend and needs to find its feet. There's resistance above, and this could simply be a corrective move within that strong downtrend.

Or it could go to the moon - who knows?!!!

It really depends upon your risk tolerance and your style of trading/investment. This entry point wouldn't be for me, but that's why I still have my day job!

Do what you think is right - the crowd is ALWAYS wrong!

 

empzb

Member
Messages
229
Thanks all for input so quickly. I'll only play with what I can afford but I value the opinion of those in here. With a small amount to play with need to be sensible and not get suckered into the hype my friend is speaking!
 

Froddy

Member
Messages
1,072
Chaps,

Just to let you know that the S&P and the Nasdaq are simultaneously closing in on key technical levels (marked with a red line on the monthly charts below). If there is going to be a reversal, it would make sense for it to happen at these levels, so be careful if you're long. Notice how price has previously interacted with these red line levels historically.

Here's the Nasdaq (QQQ ETF):
80736

And here's the S&P (SPY ETF):
80737

Of course price may simply push on through, given the Yellen optimism - who knows?!