Yeah, isn't jet engines their main business these days?
Ffs, Mellin, you amateur.
Yeah, isn't jet engines their main business these days?
Ffs, Mellin, you amateur.
They're separate companies. When it was nationalised in the seventies the government spun the cars off from Rolls-Royce Holdings as Rolls-Royce Motors, and BMW own it now via Vickers and a lol mix-up with Volkswagen buying the factory but not the branding, which was still owned by Rolls-Royce Holdings, who sold it to BWM, who then shook Volkswagen down for the rest of it (not unlike their dispute with W.O. Bentley in the thirties).
Twas a joke and I know these tings. See page one.
Thanks for the further detail though
I just checked in to see what convergence my divergence was in.
RR broke out on lower side of pennant. New York schools closing has changed the game, in the short term, across the markets. After such a strong bull run based on vaccine hopes, that is the kind of news which will reintroduce fear and check progress. FTSE close to 6330 at the moment. Expect further downside there. Also the Vix is stirring for the first time in a while and challenging the 50 MA on the 4h chart for the first time since 4th Nov. Quiet before the storm today imo.
Vix - Volatility index. Measures volatility in the markets. If it spikes you see strong moves south and wild swings. Best time for taking profit (and making losses without managing risk).
50 MA - Moving average. An average of the share price based over a certain time period, which is reflected by the number (number of days). The lower the number, the more responsive it is to moves. So a 7MA will move up and down with price, whilst a 200MA is more stubborn and holds its line for longer. Helps to define direction and they act as support and resistance (levels price bounces off. Support stops it going down, resistance up).
4h - Four hour. I try to watch different time frames as they all tell a different story. If you're looking for short term moves, then the lower time frames are more suitable. Longer term, go higher.
Last edited by Mellberg; 19-11-2020 at 10:52 AM.
I still need to go over your explanation of price per pip butthe above post is clear. Presume you're still talking about FTSE with regards to the Vix/MA?
I've handed my CV into Lewis to see if he'll hire me forthe Research team but one suspects there is still some significant slumps to come as a result of economic impact of COVID.
There will be better explanations on price per pip out there than I can offer. Investopedia's good. I'd recommend following up anything I put in here with a read through on there.
The Vix is aligned to the US market, but we essentially salute and follow suit. There's an EU vix, but that basically follows the same path as the one across the pond. I use the yank version. And the 50MA I mention there is on the Vix itself. FTSE is challenging the 50MA on 4h, but south rather than north (which makes sense as strength in the Vix = weakness in the market), so if they both break (the 50MA) it's probably down toward the low 6000s. Possibly further, but that would take more bad news, such as an extended lockdown. Then we might see 5,800 absolute max (upper trend line of previous trend, which was broken over last couple of weeks). That feels too far away at this stage though.
All ifs and buts at the minute. I was short on the FTSE last night and am now out. If the Vix starts dancing and the FTSE breaks the 4h 50MA I'll consider another one.
May short if it pushes back to around 6345 also. Depends on price action at the time.
Anyone had a go yet, even with a paper money account?
I went in on Shell B for now. Up 4% yesterday. 0.10% today. School dodging yank cunts.
You impatient little slut. What price did you get it at?
Spikey, are you spreadbetting or just buying outright and hoping to make a profit on selling in the short to medium term?
£11.73 (why do they do it in pennies? Load of bollocks)
Spreadbetting but I've just done Shell at the moment (and a free Easyjet share). Once I know a bit more I'm going to back an S&F and generally buy across as many separate sectors as possible. I just don't want to chuck everything at it until I have the alot more of the theory down. It probably sounds stupid but I had no idea how complex this stuff was. Everytime I learn something I end up with 5 new things to learn about.
My index fund is up 20% since I got on it a few years ago and I don't need to talk like a wanker.
You definitely talk like a wanker, maneee.
That's 20% extra sombrero. Well done.
How far will your margin take you, Spikey?
Yeah, it's to do with leverage. Which broker are you using? If you have made a trade and maxed out your account, then your margin figure will be very close to your account figure. Depending on your broker it will close your trade partially once you dip below that immediately, or once you've pushed however far into it. Like I said I think Shell has further downside, as the daily is maxed out, before continuing upward based on the monthly. Just want to make sure you're not exposed to a margin call (enforced trade closure) by any pullback.
Wouldn't be a concern with share dealing, but spread betting it's something you must be very wary of. Hence risk management and stop losses.
I'm Sharedealing. Own the shares outright. Sorry, slip of the 'tongue'.
Ah okay, sound. Panic over.
Pfizer have asked for emergency permission to start rolling out their vaccine so I've gone in on them now. Should see a bounce if granted.
My mate is pretty confident IAG will bounce back quite soon. He's stuck most of his savings in.
I hope you man got in on Shell B. The bounce is on.
Yeah, most things are away now. Vaccine news, no extended lockdown. All volatility gone from the market for the time being. Should go up gradually for a bit. Just keep an eye on ze Vix.
I'm in on Rolls Royce, IAG and Cineworld. Lots of value. Cineworld's price has been absolutely shagged and is testing the major moving averages. One to watch if people want a really cheap entry. A return to previous highs from £250 would amount to approximately 8k. As always, no guarantees. Might take a long time, might never happen, but may be the right time to be buying the worst affected covid businesses.
Share dealing btw boys if you don't like the risk. These are now penny stocks, which equals potential margin calls on spread betting (small swings lead to big moves up and down in account). Less profit though.
Last edited by Mellberg; 24-11-2020 at 10:52 AM.
Price per pip again, presumably. Someone link the investopedia article or something so we can resolve this.
Is Cineworld at serious risk of going under?
I'm on those three, Mell. Penny stocks it is.
It could potentially go under, but I think the price will go up due to opportunistic buyers regardless. If it makes it out the other side you're probably laughing.
That isn't a 10k investment though. I've stuck a grand in.
It's never reached 400.
So tempting to whack a few grand into Cineworld.
I'm not sure what that waste of space is Boyd, but fuck it off and use trading platforms.
Yev, do that maths first.
What maths Mellin?
Any advice welcome.
My only reservation is the price has moved massively in since the cash position announcement so will fall back down a bit before we move onto the trajectory of opening the clubs.
That article is of very little substance. You imagine cinemas will stick around so it's tempting but consumer spending is about to take a heavy hit so not sure we're going to see dickheads pay £15 to go watch Marvel shit with a £5 bottle of water as freely as before.
Also, what is this high of 742.10/May 2017 business? Clarify or credibility in this group will take a hit.
When you go to place the trade you will be given your margin. Once you drop through that your trade will be partially closed. If you're talking big money, then don't whack it all on straight away. The smaller your percentage of stake against the size of your account, the further away your margin and the less risk. Bleed into the trade as the price goes up instead.
tl;dr:
Start small. If the trade starts to work for you add size.
62.52, Yev (Daily 200MA).
I'm just thinking about whacking a few grand in (actually buying the shares) and sitting on them until the clubs are open.
Even going by their 5 year low pre-covid I'll more than treble my money on the existing price. I'm looking at the same graphs Boyd is by the way, which comes straight from Google. It's disconcerting if there are different ones.