I am sure you will recognise that phrase and it sort of sums up how I am feeling about the Markets. I talked a lot about this in last Weekend’s Charts Blog and I won’t repeat that, but in the week just gone the FTSE100 has been pretty soggy and the US has pumped up even more. I might be wrong but it just seems highly unlikely that we will avoid some sort of significant Pullback in coming weeks – and the Charts bit later will no doubt look at the reasons for this in terms of the Technicals.
I’ve really been trying to take advantage of this ‘Phoney War’ by getting out and about and making the most of what remains of Summer after the disruption that the C19 Fiasco has caused. I have lots on socially which is great and I am meeting up with loads of highly talented Investing and Trading mates which is very good fun as well as being useful for my own Investing efforts. So it suits me really to have pretty quiet Markets and not a lot of news about so I can crack on with the fun !!
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Of course the big news of the week was the spanking that Boohoo BOO got and that was particularly painful for me as it was one of my largest positions before the drop. Anyway, as per various discussions and tweets I am not selling and I expect the whole fuss to blow over in time. I have seen such occurrences far too many times before and won’t be falling for the inducements of Bears to scare me out of my stock.
Peter @Conkers3 and myself did the ‘TPI Live’ session at Mello Virtual on Friday and unfortunately what was supposed to be a 45 minute event got cut to just half an hour due to over-runs and suchlike. That was a pity, but it was a fun thing to do and I enjoyed using a new format to, in effect, do a Podcast and that was certainly a useful experience. If you have access to the Mello Virtual event and did not get around to seeing us on Friday, then I believe it will be there as a recording soon and you can see it for 30 days (something like that anyway).
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Live Company Group LVCG has been a bit disappointing recently and came out with a Profit Warning on Friday 17th January 2020 which you can read here: https://www.voxmarkets.co.uk/rns/announcement/6c81371b-b106-4716-a126-e96c59f8f96f/ They also held an Investor Event the same day at Wembley Stadium and kindly James @fsjamescampbell on the Tweets shared with me a recording that he made on the day. You can listen to that here, but I understand it is about 2 hours long: https://drive.google.com/file/d/180TzeyvnkpDXFl3TUYiUwnDITZzS7jTN/view Following this, my mate Charles @charles32576349 made the notes below from listening to the Recording and he very kindly agreed to let me send it out as a Guest Blog.
It’s been a stunning start to 2020 with only a shade over 2 weeks done my Portfolio is flying and I am pretty sure many other Private Investors are stacking up the gains. I am probably right in saying that this has been the best start to a year ever for me - although neither week so far has been as good as the first week of 2018 which was my largest week ever. Unfortunately back then it was totally a false dawn and the Markets were pretty miserable for the rest of the year !!
Of course we could get a repeat of 2018 but my hunch is that we won’t – there are lots of signs that Markets are in very good shape and although I expect some sort of Consolidation, either in the form of a bit of a Pullback or by going sideways and grinding out the over-bought conditions, but once we get through this, I suspect we will see Markets go higher. The normal seasonal pattern is that January and February are good months and that as we get more into March and April things can go a bit smelly - that has to be likely this year as well.
Firstly some annoying aggravation I need to write about which will no doubt affect you long-suffering Readers and myself for a few days. I have had a problem with my Fone for several weeks now where it gets extremely hot whenever I talk using it and clearly something was not right so I bought a new Battery from Amazon. Anyway, I thought that might fix the problem and determine whether or not there was a fault with the Fone (it is a fairly old Samsung S5 and in all honesty I could do with something a bit more modern), but in recent days as a result of what the title of this blog refers to, I have made a lot of Fone calls and inevitably the Fone got silly hot (it was literally burning my ear) and it has destroyed the new Battery.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Clearly this is the second part of a 2-parter about TM17. If you have not read it yet you can find the first part under this one on the ‘Stocks & Markets’ blog page, but just cos I am so incredibly nice to you, here is a link straight to it: https://wheeliedealer2.weebly.com/stocks--markets-blog/stock-idea-team17-tm17-part-1-of-2 Since I published that blog I have actually bought some TM17 myself at 344p and if you go to the ‘Trades’ page on WD1 then you can read more details about it.
I mentioned on the Tweets the other day how a General Election has the incredible ability to utterly change the Political backdrop for the Country in an instant and, goodness me, the result on Friday has done exactly that. At 9.59pm on Thursday Night there was a lot of trepidation and uncertainty with what the Election would bring about and almost in the blink of an eye the transformation was stonkingly off the scale. This Election result is truly seismic and totally changed the outlook for clearly 5 years; but more likely 10 years and it could be even more.
I used to be very much open to the idea of Proportional Representation but after the dire experiment we have had with a Hung Parliament for several years, it is pretty clear to me that sticking with ‘First past the Post’ is the way to keep things. This is because it is much more likely to throw up a clear result where a Governing Party can actually get on with the job and this brings Economic, Social and Political certainty and that is precisely what has been missing for recent years and we can safely say “Normal Service is Resumed”.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
You may have spotted that I wrote a 2-Part Blog ‘series’ about the Video Gaming Sector recently and out of the 5 pretty decent Stocks I had a quick look at, I decided that Team17 TM17 was the one I fancied the most. There are several reasons why TM17 stood out and I am sure Readers may come to their own conclusions as to which Stock is ‘best’ – but whatever Stock is chosen the tailwind in the sector is so strong that I suspect any of them will do well given time and the prerequisite patience to hold on to them. As mentioned in the Sector Blogs, the 5 Stocks split into 2 basic groupings which are the ones that actually create and publish Games and the ones that are more ‘Picks ‘n Shovels’ and provide various services to make the Games.
Well there is pretty much one game in town for this coming week and of course it is all about the General Election on Thursday with the results starting late on Thursday night; and by the Market Open on Friday we should know where we stand and no doubt the Futures Markets will have been going nuts overnight.
Before starting this Blog I had a quick look at the excellent ‘Britain Elects’ Feed on Twitter and something like 4 recent Polls had a Tory lead of around as much as 10% - that kind of level should give Boris a big Majority and although most people don’t expect that, I reckon it could happen. In fact, I am pretty sure we will get at least a 30 Seat majority with Brexit being the dominant factor by which Voters are being swayed despite the attempts by Corbyn to drag it onto ‘domestic issues’.
This Blog 2-parter is looking at a high level at the decent Listed Stocks related to the Video/Computer Gaming sector with a view to me choosing one for further in-depth Research and ultimately tracking down the best one as I see it to buy. To be fair, of the 3 I looked at in Part 1 they all look quite good although a common issue is high valuations but that is something I can live with, as long as I am buying something where the quality is high and I can see it having long-term endurance. You can find Part 1 here:
https://wheeliedealer2.weebly.com/stocks--markets-blog/video-gaming-sector-part-1-of-2-including-tm17-kws-fdev Now I will look at a couple more. |
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