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. ALSO BEAR IN MIND THAT WE HUMANS HAVE A PSYCHOLOGICAL BIAS WHERE WE EASILY GIVE A POSITIVE VIEW TO SOMETHING WHERE LOTS OF INFORMATION IS AVAILABLE.
If you have not read Part 1 yet you can find it here: https://wheeliedealer2.weebly.com/stocks--markets-blog/bango-bgo-buy-rationale-part-1-of-2 Recent Trading As is always the way, I wrote the text regarding the ‘Final Results’ a few days ago, thinking that would complete this section. Then of course, lo and behold, out comes another ‘Trading Update’ on 14th July 2020 which you can read here: https://polaris.brighterir.com/public/bango_plc/news/rns/story/w68l09r This is fairly short as you would expect really, but it’s pretty decent. The stand outs for me are:
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I am really tight for time tonight after a full weekend of MotoGP with Practice, Qualifying and the Race, and I even managed to go round a mate’s house last night which was much more like the ‘old days’ rather than the ‘new normal’ (yuk).
Markets have been really dragging in recent weeks and the direction from here is really unclear. My hunch is that we will avoid a Big Drop but of course it is impossible to know at this point in time and with the fall back in the US Markets just looking like a fairly normal pullback, there is little evidence in the Charts that something nasty is just around the corner.
I had a great day out fishing on Friday and it was so nice to do something that was almost ‘normal’ and to cement that we even went to a Pub Garden afterwards - although the place was a bit of a dump and the words ‘Social Distancing’ had little meaning !!
The beer was lush though so I am not moaning and the sun was out so life was very acceptable for a nice change. We had an excellent day by the pond with loads of nice Carps coming out and they were a decent flow – whenever I go fishing I want to see fish but I don’t want too many so that it becomes a chore and I don’t want so few that I get bored and fed up.
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.
I have been looking at Bango BGO for quite some time and I even used to hold the Shares probably around 10 years ago. Back then I found it a bit frustrating and I can’t even remember what the outcome of my buying back then was, but it strikes me that BGO are in a much nicer place these days and the huge gains in computing power and network speed etc. have conspired to make their offerings a lot more relevant and valuable. This ‘faster’ technology has also enabled an increasingly important aspect of their offering around Data Analysis and targeted marketing.
In the context of what I am about to write, Readers who are fans of the legendary ‘Prog Rock’ band Rush will understand my title with reference to the front cover of their mid ‘80s Album of the same name…..
On Friday of this coming week, the 10th July, if all goes to plan on the technology front, then the Twin Petes will be appearing with a session in the afternoon at ‘Mello Virtual’ which you can find out about here and you can get a ticket. If you use the code MV20975 you can get 50% off and you will be able to watch for 30 days afterwards. https://melloevents.com/ This download pdf from the website explains a bit more regarding the technology side of things and it doesn’t look too complicated: https://melloevents.com/wp-content/uploads/2020/06/A-quick-delegate-guide-to-Mello-Virtual.pdf |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
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