Re: Hilarious nice rise today
Hilarious You can't fool the market for very long
Re: I did say .... I use market to book ratio 5 and greater and/or price to sales 5 or greater and preferably minus profit (profit retained) using adfvn advanced fundemental search. I also prefer bearish chart patters using technical insight at iii and look for bearish money flow indicators.
Re: I did say .... I think the same can be said of Tungesten Corp. As it's a fairly new share, lot's of hype, no profit and heavily shorted www.shorttracker.co.uk A simple formula to follow! Same applies to Nanoco.
Re: I did say .... And if I could see it - and as plenty of posters here will tell you I'm a subnormal, know-nothing dork, how come the highly paid 'professional' fund managers who bought this heap could not?Questions need to be asked.
I did say .... Exactly one year ago (okay, it was actually 27 Feb) I said that AO World was a good share to short at the then price of 380p as I had done myself. A year later and theyre down 52% at 182p. Clever? Not really. As I said at the time it was obvious that it was going south and in my own view the most over-hyped, over valued large cap stock (aka heap of sh!) to have hit the London stock market for quite some time and a shorter's dream. And so it proved.I dont really believe there are dead certs is stock markets but this one seemed to me to be as plain as day as being massively over valued and floating on hype and hot air.But then it had a bit of a rally and was touching 290p when I said I'm tempted to try and repeat the trick [of shorting] if the share continues to rise much further. It's on a prospective P/E of over 200. Nuts. Dotcom madness all over again. Right again, except for the fact that I didnt short it once more (I very rarely do short for a host of good reasons).Just last month I was asked here "Do you have a current view on how you think AO will perform during 2015?". I didnt think I need to say much in reply so said Yes. Badly. The shares closed at 286p that day, so have since dropped 36%. Were not even at the end of 2015 but it seems the view I had of how things would go this year has already been fulfilled.One to avoid, at best.
Re: Dog for Xmas Interesting that the entire "operating" margin comes from the sale of extended guarantees and the like with a marginally negative contribution from sale of goods.
Re: Dog for Xmas The shares are recovering at the moment as some of the shorters close their positions and take their handsome profits. AO needs to convince its institutional shareholders over the next couple of weeks that it remains a growth stock otherwise the shares will struggle to keep their high rating.
Re: Dog for Xmas Good job i took profit on half . thinking of buying back.
Well done shorters!! With today's trading statement AO has proved that UK demand for washing machines, fridges and freezers is essentially constant. People generally only buy them to replace a failed appliance. So if AO suck a few sales forward with their flashy advertising as some customers replace appliances which are on their last legs, this means that future sales are reduced accordingly. AO's UK sales growth with these appliances can only really come from the slow demise of high street shops - where customer parking problems are usually the killer blow.So despite being a well-run company, the bulk of AO's sales will show very slow growth and therefore it doesn't justify a high rating as other people have pointed out. Well done to the shorters who got their timing right on this one.
Re: Short I shorted this not long after the float as I thought it was probably the most over valued relatively large cap stock I'd seen on the stock market for a very long time. I closed out leaving quite a bit of potential profit on the table as the shares continued to dive but I still made a massive profit. In fact I think in percentage terms and annualised this was the most profitable trade I have ever made.I still think it's an overvalued, over hyped heap of garbage but we'll see.I had similar feelings about Asos but wasn't brave enough to short it and of course now wish I had.
Re: Mayday Mayday abandon ship! nm Took another £2 today from 284 but I am getting more confident of a drop.Short from 275. Orders placed at 300 and 325 to sell in case the cr00ks in charge of the market do push it up again. Target Limt set at 150p on all 3 (one position and 2 orders).Good luck all.A.
Re: Mayday Mayday abandon ship! nm I got stopped with £2 profit, wasn't watching as she flew back up! Glad to be out over the weekend though, who knows what might come out?! Will be watching next week.GLA,Paul.
Re: Mayday Mayday abandon ship! nm Wow nice recovery. Stopped out with £10 profit. Will short again if it goes above 300.All the bestA.
Re: Mayday Mayday abandon ship! nm [link]