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Share Picks 2020

beertons

Shoot.

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AmberGold

Nemeses2050 wrote: »

I set-up IB account couple of months ago, haven't used it much though as I find UI of degiro mobile app much cleaner....

Does it offer any extra advantage over Degiro?...as I don't want to maintain two accounts.

I've been using the desktop version and I find it excellent. I wanted to take some positions in PSTH.U, appeared on IB day of listing, still not on DeGiro.

Nemeses2050

Thanks folks, After hours, premarket trading is definitely an advantage

breadmonster

AmberGold wrote: »

I've been using the desktop version and I find it excellent. I wanted to take some positions in PSTH.U, appeared on IB day of listing, still not on DeGiro.

What company are you hoping they invest in? Airbnb or robinhood?
not sure who else is in the mix

https://www.youtube.com/watch?v=Pzz5SGpDrc4&t=440s

Shedite27

AmberGold wrote: »

I've been using the desktop version and I find it excellent. I wanted to take some positions in PSTH.U, appeared on IB day of listing, still not on DeGiro.

I sent them a mail about that stock, they said they weren't listing it, sounded like a decision to avoid SPAC warrants

plasmin

https://www.globenewswire.com/news-release/2020/07/27/2067889/0/en/Tattooed-Chef-Reports-Record-Preliminary-Revenue-for-the-Six-Months-Ended-June-30-2020.html

FMCI is interesting SPAC

bcklschaps

Picked up some Grafton Group on LSE just now. Taken a bit of a dip last few days.

Very bullish on their prospects. Woodies is absolutely flying..and SP still only about back to about 60% of what it was pre covid.

Direct competitor Kingfisher (B&Q) SP already comfortably above where it was pre Covid.

But on a side note : Jaysus, €7 in charges between Degiro, Stamp duty etc. LSE are Feckin robbers.

I only bought €400 worth.

One More Toy

bcklschaps wrote: »

Picked up some Grafton Group on LSE just now. Taken a bit of a dip last few days.

Very bullish on their prospects. Woodies is absolutely flying..and SP still only about back to about 60% of what it was pre covid.

Direct competitor Kingfisher (B&Q) SP already comfortably above where it was pre Covid.

But on a side note : Jaysus, €7 in charges between Degiro, Stamp duty etc. LSE are Feckin robbers.

I only bought €400 worth.

Yes stamp duty in uk/irl is a pain, I used to pick up hibernia reit fairly regularly in small amounts but gave up due to the fees

ShareShare

bcklschaps wrote: »

But on a side note : Jaysus, €7 in charges between Degiro, Stamp duty etc. LSE are Feckin robbers.

I only bought €400 worth.

Yeah did a 20k transaction yesterday for a quick trade, and got mauled in fees, stamp duty and currency charges. Took 50% of my profit.

One More Toy

ShareShare wrote: »

Yeah did a 20k transaction yesterday for a quick trade, and got mauled in fees, stamp duty and currency charges. Took 50% of my profit.

Ouch, reading that gave me a physical pain!

Nemeses2050

talking about UK companies, anyone watching Hammerson, they're SC owners in UK/EU, Covid-19 has hammered them...They're at thier multi year lows...thier competitor Intu went into adminstration few weeks ago....very risky bet

riddles

On Degiro is there any general concern with enabling complex shares. I looking at LMND and got this message.

This product group is currently disabled (Complex Shares)
It seems that you did not enable this product group for trading. You can change this under Product Settings.
Please note that for some product categories you have to pass an appropriateness test before you can trade. If you already have a position in a product of this product group, you can always close this position.

howiya

riddles wrote: »

On Degiro is there any general concern with enabling complex shares. I looking at LMND and got this message.

This product group is currently disabled (Complex Shares)
It seems that you did not enable this product group for trading. You can change this under Product Settings.
Please note that for some product categories you have to pass an appropriateness test before you can trade. If you already have a position in a product of this product group, you can always close this position.

This came up for me the other day. I did the test, got all questions right but I had to manually change my settings to allow me add to a position I already had.

timetogo1

Its some new setting they have. Same as howiya, I have a REIT I buy a few of each month. When adding to it yesterday I was required to do the test before I could enable purchasing REITs (which I've been doing for a year).

One More Toy

timetogo1 wrote: »

Its some new setting they have. Same as howiya, I have a REIT I buy a few of each month. When adding to it yesterday I was required to do the test before I could enable purchasing REITs (which I've been doing for a year).

I don't understand Degiro sometimes, a reit is hardly a complex product.

Fair enough if you were buying or writing options, or taking short positions it'd be a different story

One More Toy

Draftkings up 5% today, was there any particular news that sent the shares up? Can't see anything in particular

timetogo1

One More Toy wrote: »

I don't understand Degiro sometimes, a reit is hardly a complex product.

Fair enough if you were buying or writing options, or taking short positions it'd be a different story

And the questions weren't exactly complex either. I think one of the 5 was how much could you possibly lose when purchasing a REIT.

Bob Harris

I wonder is the DeGiro step a response to the large numbers of retail accounts in the last few months and concern that the investing/gambling overlap has reemerged.

GoldFour4

Bob Harris wrote: »

I wonder is the DeGiro step a response to the large numbers of retail accounts in the last few months and concern that the investing/gambling overlap has reemerged.

I think there has to be a link. The questions they ask aren’t difficult for the likes of the users of this forum who are financially literate and familiar with abbreviations and different types of instruments and associated risks etc. However the lack of sport a couple of months back definitely attracted a different type of user

Also some of the issues in the US with Robinhood traders likely caused some concern in line with the above.

One More Toy

malistheman wrote: »

I think there has to be a link. The questions they ask aren’t difficult for the likes of the users of this forum who are financially literate and familiar with abbreviations and different types of instruments and associated risks etc. However the lack of sport a couple of months back definitely attracted a different type of user

Also some of the issues in the US with Robinhood traders likely caused some concern in line with the above.

Yes, didn't a robinhood user die by suicide after seeing a negative 1m balance on his account?

ExMachina1000

One More Toy wrote: »

Yes, didn't a robinhood user die by suicide after seeing a negative 1m balance on his account?

That's correct. He was trading cfds and his balance was showing 750k in the red or something like that

Nemeses2050

Watch for Akers Bioscience - A micro-cap, who have been testing covid-19 vaccine in collabration with an Indian Biotech co. I have them from 3.70 they're now currently 5.90, it's been trading around 5 mark last few weeks...They're currently testing on animals...I understand there's tonnes of company's who're working on covid-19 vaccines.

franglan

One More Toy wrote: »

Draftkings up 5% today, was there any particular news that sent the shares up? Can't see anything in particular

Ups and downs and money being placed on the first golf major of the year perhaps?

sirboby

AIBG seems like a nice price atm

One More Toy

ExMachina1000 wrote: »

That's correct. He was trading cfds and his balance was showing 750k in the red or something like that

Awful tragedy

[Deleted User]

ExMachina1000 wrote: »

That's correct. He was trading cfds and his balance was showing 750k in the red or something like that

What happens in a case like that? Assuming the person cannot hope to fund it?

Taylor365

Deleted User wrote: »

What happens in a case like that? Assuming the person cannot hope to fund it?

It was just what was showing. The other part of his transaction which was hedged against it expired after hours.

So the next day he was only down/ or even up a small amount.

Obviously too late as he'd killed himself.

Lesson to be learned: research before doing.

ExMachina1000

[Deleted User] wrote: »

What happens in a case like that? Assuming the person cannot hope to fund it?

As far as i understand it he should get margin called once his cash balance drops to a certain figure and if he doesn't add more the trade is closed by the broker.

He was never on the hook for that 750k.

Bob24

ExMachina1000 wrote: »

As far as i understand it he should get margin called once his cash balance drops to a certain figure and if he doesn't add more the trade is closed by the broker.

He was never on the hook for that 750k.

Yes exactly, he would have lost all the money he put as a collateral, but neither him nor Robinhood ever put 730k at risk.

The real problem though is that this type of financial tool should never have been made available to a young beginner who doesn't understand them (especially with so much leverage). And also based on the screenshots fro the App that I saw, it did literaly display "Cash: -$730000" - which isn't very clear (it isn't hard to see how someone inexperiences understood it as having a massive negative balance to repay).

outonawing

One More Toy wrote: »

Draftkings up 5% today, was there any particular news that sent the shares up? Can't see anything in particular

Might've been this:

https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-expands-exclusive-partnership-major-league-baseball

Or this:

https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-casino-queen-launches-sports-betting-illinois

outonawing

bcklschaps wrote: »

But on a side note : Jaysus, €7 in charges between Degiro, Stamp duty etc. LSE are Feckin robbers.

I only bought €400 worth.

You have the option of eliminating the DeGiro charge.