£3000 in stock market?

[KDave]

https://www.bbc.co.uk/news/business-53201204

Online brokers - Charles Schwab, TD Ameritrade, Etrade and Robinhood - together saw more than 4.5 million new accounts in the first three months of the year, with many opened at the height of market fears in March.

A lot of new people think they can't lose. This is more shoeshine, for the tech stocks in particular (Tesla et al) if using relative price action and Robinhoods most popular to confirm such an opinion. I wonder how much leverage is involved.

The issue is whether this will bring the whole market down or whether we will see bombed out sectors (oil, telecoms) holding up while tech does a dot-com.

[Kman]

8 minutes ago, KDave said:

The issue is whether this will bring the whole market down or whether we will see bombed out sectors (oil, telecoms) holding up while tech does a dot-com.

A lot of them have their Q2 results next week don't they

I wonder if they will go the same way as Netflix, some of the lockdown boom being overestimated and they will come down 10% or so

Especially Apple who I've seen reports their iphone sales might be down anywhere between 25-35% 

How are you feeling about the oil Q2 results? do you think that might cause a dip to buy in on or are they already about at the bottom already 

 

 

[HillWalkerDundee]

Unfortunately, Robin Hood have decided not to roll out the app to the UK.

[KDave]

1 hour ago, Kman said:

A lot of them have their Q2 results next week don't they

I wonder if they will go the same way as Netflix, some of the lockdown boom being overestimated and they will come down 10% or so

Especially Apple who I've seen reports their iphone sales might be down anywhere between 25-35% 

How are you feeling about the oil Q2 results? do you think that might cause a dip to buy in on or are they already about at the bottom already 

 

 

I would be grateful for a dip as I am still buying BP and Shell, and a global oil fund. I have a little set aside still for sub £10 shell but downside appears limited given the oil price now, and just how beaten up the sector is, it feels like 2015.

I think keep an eye on BP, any tinkering with the currently intact dividend may produce a price drop and another March like entry point. I missed the march lows in BP and would like another opportunity.

[vand]

Its not as easy as it looks:

https://www.bbc.co.uk/news/business-53201204

[HillWalkerDundee]

Nope, it sure isn't. And we have all been in the same position to a lesser or greater extent, that's how we learnt. We all knew better than the experts, than the market riggers, than the crooks, than the algos.

[Kman]

Cineworld certainly taking a beating today -16%

I'm googling to find out why, lots of articles from a month ago saying Cineworld was cheap in the 50s - down 40% since then

Apparently it's down to a change in how long cinemas get to show films before they're put online 

Quote

Under the deal, the “theatrical window” will shorten to 17 days, from the current 75, at least when it comes to movies made by Comcast Corp. ’s Universal that play at AMC theaters, the world’s biggest movie-theater chain. That means that instead of waiting 2½ months to watch a new movie at home, viewers will be able to see at least some titles just 2½ weeks after they premiere in theaters

https://www.wsj.com/articles/amc-universal-agree-to-trim-theatrical-window-before-movies-go-online-11595968517?mod=searchresults&page=1&pos=1

With that and covid Cinema industry looks fairly f****ed, I imagine they will have to do a lot of downsizing 

 

 

[watchesandwhisky]

Not particularly useful but I have been astonished by the performance of games workshop - GAW - not invested..sadly. 6 quid to 90 in 4 years...

[HillWalkerDundee]

Given the pedigree of First Majestic, I have taken a punt in First Mining Gold. It is a binary play.

[Martlet]

10 minutes ago, Kman said:

Cineworld certainly taking a beating today -16%

I'm googling to find out why, lots of articles from a month ago saying Cineworld was cheap in the 50s - down 40% since then

Apparently it's down to a change in how long cinemas get to show films before they're put online 

https://www.wsj.com/articles/amc-universal-agree-to-trim-theatrical-window-before-movies-go-online-11595968517?mod=searchresults&page=1&pos=1

With that and covid Cinema industry looks fairly f****ed, I imagine they will have to do a lot of downsizing 

 

 

We'll see how that works out, it may be a bit experimental to test the water. Going on line they have to balance ticket sale revenue and pricing for number of individuals viewing one pay-to-view sale.  I know the playground talk was not favourable for that model, even though it was cheaper.   Cineworld have a lot of expensive real estate, so its a case of can they survive at all, if they do share should come back strong.

[vand]

I think Cineworld is a company in big trouble and facing an existential crisis now.

With CV19 seemingly on a 2nd wave in the US, their recent stateside acquisition looks incredibly unfortunately timed. 

Ultimately their business model is reliant on packing out cinemas, and that just isn't going to be a realistic proposition any time soon. With studios delaying all their big blockbusters they don't have anything to entice people with. Until it becomes socially acceptable to sit shoulder to shoulder with complete strangers again, I don't see how cinemas, theatres etc can move back to profitability. 

 

[Kman]

Just topped up my silver etf, seems like a good lil dip to

I will probably kick myself for not putting in more now but I'm trying to average it out a little bit

[HerefordBullyun]

@Kman I'd be starting to look at uranium mining stocks  going to be the next big thing if you want any recommendations?

[Derv]

7 minutes ago, HerefordBullyun said:

@Kman I'd be starting to look at uranium mining stocks  going to be the next big thing if you want any recommendations?

For nuclear power stations?

[Kman]

Red is running wild right now

 

[HerefordBullyun]

2 hours ago, Derv said:

For nuclear power stations?

Not just that. But it's going to used more and obviously  it's finite like gold.

Uranium  is used defence  and aerospace health loads of sectors including  energy

[Derv]

So it is , I was getting mixed up with plutonium, which can be made. 

Any stocks in particular ? Or peruse them all 

[KDave]

Uranium is a good one for the decade though I am struggling to find a company I like beyond Cameco.

[KDave]

https://www.bea.gov/data/gdp/gross-domestic-product

-33% GDP! Incredible stuff. 

[Roy]

'A recession is a period of economic decline, signaled by an increase in unemployment, a drop in the stock market, and a dip in the housing market. An official recession is not declared until the total value of goods and services in the U.S. (called the Gross Domestic Product or GDP) has been in decline for two or more quarters (six months or more).'

So it's official then.

https://www.fool.com/the-ascent/buying-stocks/articles/what-is-recession/

[KDave]

Shell back at £10 an change, had a shocker of a second quarter, hopefully I will get a second chance at £9 that I missed first time. I bought some this morning from wages at £11.10 thinking it was a great buy, as well as some BP at £2.80. We will see BP much lower still if they cut dividend. Long term I am confident.

[FlorinCollector]

@Kman What silver etf do you buy?

[Kman]

2 minutes ago, JosephM said:

@Kman What silver etf do you buy?

SLV on Etoro

I tried doing PHSP and SSLN on freetrade in my ISA but orders get rejected 99% of the time it seems like

No good to me, I want to be able to try and buy on the dips, how can I do that if it takes multiple hours of trying to send through an order 

 

[FlorinCollector]

@Kman thanks. I had been looking at SSLN. it says its an ETC . I have tried reading on google. Not really simple terms when reading explanations maybe will need a video. All i got from it was it says etfs have less 3rd party risk. 

[Kman]

3 minutes ago, JosephM said:

@Kman thanks. I had been looking at SSLN. it says its an ET . I have tried reading on google. Not really simple terms when reading explanations maybe will need a video. All i got from it was it says etfs have less 3rd party risk. 

Someone might scald me but as best I can tell it doesn't matter too much unless you actually want to own the silver they hold

https://www.investopedia.com/articles/investing/032116/how-etc-different-etf-iau.asp#:~:text=What Is an ETC%3F,contracts or the physical commodity.

"Examples of the Differences Between an ETC and ETF or ETN
Consider BlackRock's iShares Gold Trust (IAU). A trust is a type of ETF that buys physical gold in exchange for shares issued. The buyer of the ETF, therefore, owns a fractional piece of the gold held in trust. 

In the case of BlackRock's iShares Physical Gold ETC (LSE: SGLN), investors don't own piece of the gold they are investing in. Rather, the underwriters of the fund financially back the note (the ETC) with the holdings. The structures are similar, but not the same. "