Bob24 wrote: » Very possible and I certainly have cash ready for that scenario. But I have to say I am not discarding a scenario whereby central banks and governments prevent any further significant market cash in the coming months with all their money printing and debt based stimulus. IMO it will lead to massive issues in the long run, but what they have done in the past few weeks truly is unprecedented and could be enough to keep the music playing for another while.
Dots1982 wrote: » So institutional investors have bought the dip to fool retail investors that there is a genuine supportable recovery? The institutional investor make a few bucks before commencing the big short? Have I got the drift?
StockTwat29 wrote: » But doesn't the data from Vanguard and State Street etc. show that retail investors are doing most of the buying and the institutions are the ones selling?
kaymin wrote: » Eros Now - quoted on the NYSE under EROS. OTT platform in India. 23.5m paying subscribers and 177m registered subscribers. Succumbed to a ratings downgrade and a short seller hit piece back in June 2019 and share price hasn't recovered since. Short seller take (primarily concerning irrecoverable receivable balances) has proven to be untrue and head of rating agency (Care) had to step down due to corruption charges (not specifically linked to Eros downgrade though). Have announced deals with Apple, Google, Microsoft, Reliance and a host of top Chinese telecoms in the past 6 months. Next earnings announcement on 22nd February should start showing the fruits of these partnerships. Eros has been shifting its strategy from syndicating the films it produces to hosting them solely on their OTT platform to drive more paying customers to it. It is in the middle of a 'strategic review' which could see a buy-out offer. Close ties with Reliance, largest company in India (historically an oil company but now is the largest telecoms player with 350m customers) and owned by Ambani, India's richest man. Reliance owns 5% of Eros (paid $15 per share; current share price is $3.7) and is rumoured to own its convertible bonds. Its seen as unlikely that Reliance would allow ownership of Eros to fall into the hands of Netflix or Apple. Former CEO of Eros went to work for Reliance to lead their media division. Ambani apparently has close family ties with the Lulla family which controls Eros. Link to presentation from conference in Las Vegas: https://erosplc.gcs-web.com/events-and-presentations/upcoming-events
kaymin wrote: » Just to bump this one - merger announcement was made an hour before close on Friday. Expect the share price will fly further this week after the market digests the significance of the news.https://www.businesswire.com/news/home/20200417005565/en/Eros-International-STX-Entertainment-Combine-Creating-Global
StockTwat29 wrote: » https://finance.yahoo.com/news/wall-street-pros-panic-over-113009492.html The article is a bit out of date now but the one below has a similar message:https://www.marketwatch.com/story/vanguard-blew-away-the-competition-in-q1-fund-flow-data-show-2020-04-03
Kilboor wrote: » Fair play, threw this in my watchlist when you mentioned it but never did any research on it!
Dots1982 wrote: » The article is dated a month ago and the other one is on Q1 data. You couldn’t really confirm on who’s purchases the April rallies are based on.
StockTwat29 wrote: » True but at least it's actual data Here is the weekly flows where the SPY ETF had the most outflows again:https://www.etf.com/sections/weekly-etf-flows/weekly-etf-flows-2020-04-16-2020-04-10
Timmaay wrote: » Good point on the radio today, trump will do whatever it takes to stop the economy from tanking before the election. So print unlimited money and bail out whoever the hell needs money. Hes also very good at timing his press conferences, drop any sorta Bombshell like treating to pull the WHO funding to take headlines from some other story that is negative for the economy. When it all tanks afterwards I'm sure he'll manage to blame someone else ha. I've certainly missed out on this current rally but the trend is your friend probably rings true at the min.
Shedite27 wrote: » Bit of a noobie question, but this trades on Frankfurt also, which hasn't been open since the merger was announced. I assume there's no way of getting some shares at the lower price when that opens tomorrow morning is there? Is tehre a pre-market session in Frankfurt? Great tip BTW, definitely gonna try to get a few of these shares at opening bell tomorrow.
bfa1509 wrote: » I didn't realise such a thing existed but there are trackers of volatility (VIX is one I have heard of). Surely something like this would be a good pick right now if there is a turbulant few months/years ahead?
Sir_Name wrote: » Oil down another 20+%... Expecting it to drop a bit further but i am jumping in anyway on the expectation of future returns
StockTwat29 wrote: » What are people's thoughts on Visa, Mastercard and PayPal and the "war on cash"? Haven't touched cash in weeks and even before that used my card for 90% of transactions, and surely now people are seeing how convenient using cards are These companies just act as a sort of toll booth for transactions
Lex Luthor wrote: » they cant give this stuff away at the moment and its going to be a while before the world starts making a dent in the reserves I seen somewhere that WTI crude was at less than a dollar per barrel over the weekend, they have nowhere to put it Saudi's can go as low as $25/barrel on brent and below that they are not making profit
kaymin wrote: » I've never traded it on the Frankfurt exchange but just checked Bloomberg and it had zero volume for the last trading day so I doubt you will manage to get any. Pre-market on NYSE starts mid-day Irish time. Eros has a separately listed subsidiary in India (~67% owned) that will trade overnight - link below. Will be interesting to see how its share price moves - from recollection, share price movements are capped at +/- 10% though. Don't buy shares in the subsidiary - they do the film production / distribution. It's the parent entity on the NYSE that owns the Eros Now OTT platform which is where the real growth is going to come from.https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/erosinternationalmedia/EIM
littlemac1980 wrote: » Anyone watching GameStop? Up 8% at to moment.
Irishder wrote: » Old favorite, VSTM seems to be taking off a bit
