Share Picks 2020

Mister Vain · 26-11-2020 02:31PM

Big drop in crypto today. Maybe now is a good time to buy.

26-11-2020 02:33PM

Mister Vain wrote: »

Big drop in crypto today. Maybe now is a good time to buy.

Or it could be the sharpest knife ever caught.

DutchYurt · 26-11-2020 02:33PM

Mister Vain wrote: »

Big drop in crypto today. Maybe now is a good time to buy.

All the analysis of the hash ribbon rates compared with previous halvings have suggest towards a t 30% pull back, this might be it

Nemeses2050 · 26-11-2020 04:35PM

Don't know much about Crypto, however generally speaking don't buy into Big drops...let the drop to stabilise then you can jump in....I understand the temptation but this is were we get sucked in and become bag-holders.

Supercell · 26-11-2020 04:39PM

The BTC trading volume is so tiny compared to last time, don't know what to make of it. last time it hit 19K every man and his dog was trading BTC, now it's only the diehards that i hear talking about it, is it them selling to each other only this time or is it really more non-retail investors? Sorry to take this off topic.

Atlas_IRL · 26-11-2020 06:15PM

Yep wouldnt touch it yet. The marketcap was around 850 last time BTC hit all time high. I think it will drop a bit consolidate then bull run. But just my guess.

And as you said, no one is talking about it at all, I reckon its all the funds that have started adding it have built it up.

I remember being at a work Christmas party last time and everyone was talking about it saying I don't know what it is but will I buy it

Bob Harris · 26-11-2020 07:40PM

My account opening process is under review at coinbase. Not looking to buy at current levels but will keep an eye on it and it might be handy to have the account though I might never use it. If I do it'll be adding sporadically. Bitcoin is here to stay and if I ask myself will it be more integrated into society and worth more in 10 years time than today then I think the answer is yes.

hottipper · 26-11-2020 07:47PM

The whole industry is garbage it's all leverage trading and liquidation hunts that pushes the price around so unless your a trader id stay well clear. They might pump it up to 24k or whatever just to grab some attention but you will wake up some morning with half your investment gone.

Stormington · 26-11-2020 08:32PM

Supercell wrote: »

The BTC trading volume is so tiny compared to last time, don't know what to make of it. last time it hit 19K every man and his dog was trading BTC, now it's only the diehards that i hear talking about it, is it them selling to each other only this time or is it really more non-retail investors? Sorry to take this off topic.

Normies were scared off.
They'll return after BTC sets a new ATH.
And get dumped on again.
Then they'll panic-sell their bags at a fraction of what they paid to the sellers.
And it will begin again.

It's the circle of life.

Kilboor · 26-11-2020 08:39PM

Providence Resources Farmout finalised, going to be a tasty end to the month for me

One More Toy · 26-11-2020 08:45PM

Any opinions on Sonos? Seems like a solid company, a lot of people I know have bought their products

Mickiemcfist · 26-11-2020 08:50PM

Kilboor wrote: »

Providence Resources Farmout finalised, going to be a tasty end to the month for me

Where did you see that? I was worried about the radio silence on that..

Kilboor · 26-11-2020 08:52PM

Mickiemcfist wrote: »

Where did you see that? I was worried about the radio silence on that..

https://www.businesspost.ie/energy/providence-seals-deal-to-farm-out-stake-in-barryroe-oil-and-gas-field-e1ddd3e6

Mickiemcfist · 26-11-2020 08:56PM

Kilboor wrote: »

https://www.businesspost.ie/energy/providence-seals-deal-to-farm-out-stake-in-barryroe-oil-and-gas-field-e1ddd3e6

Ah very good, fingers crossed. You planning on holding long term? I'm tempted to sell up on the news.

Kilboor · 26-11-2020 09:00PM

Mickiemcfist wrote: »

Ah very good, fingers crossed. You planning on holding long term? I'm tempted to sell up on the news.

I’ll see how it goes tomorrow, usually have a price target in my head to sell but can’t settle on a good valuation for providence. 350 million barrels at 50 dollars a barrel and 40-50% ownership . That to me is a lot more than 60 million market cap is all I’ll say

I’ll most likely sell out of my LOGP position though presuming a big jump tomorrow

makeorbrake · 26-11-2020 10:35PM

Supercell wrote: »

Now it's only the diehards that i hear talking about it, is it them selling to each other only this time or is it really more non-retail investors? Sorry to take this off topic.

Retail not so much a feature right now. This is being driven by the less regulated hedge funds/family offices/wealthy individuals. Also, paypal are a large buyer in this market - given that they're now offering crypto. Proper institutional investment has yet to arrive. It will come eventually.

Atlas_IRL wrote: »

And as you said, no one is talking about it at all, I reckon its all the funds that have started adding it have built it up.

Yup.

Bob Harris wrote: »

My account opening process is under review at coinbase.

I'd suggest Binance or Kraken - their trading fees are much better by comparison with Coinbase. Be sure to take your crypto off the exchange regardless of which one you use.

hottipper wrote: »

The whole industry is garbage it's all leverage trading and liquidation hunts that pushes the price around so unless your a trader id stay well clear.

They can push the price around because it's a tiny market comparatively. That will fix itself as the market grows.

hottipper wrote: »

They might pump it up to 24k or whatever just to grab some attention but you will wake up some morning with half your investment gone.

If volatility is a concern, the answer is to size your position proportionately/accordingly. Then zoom out and you'll see that over time, bitcoin has outperformed everything else going over the course of the past few years.

Stormington wrote: »

Normies were scared off.
They'll return after BTC sets a new ATH.
And get dumped on again.
Then they'll panic-sell their bags at a fraction of what they paid to the sellers.
And it will begin again.
It's the circle of life.

Absolutely. Some crypto folk were reporting hearing from people they had not heard from for the longest of time - but not in major numbers. They will come when this bull market takes off properly.

roosterman71 · 26-11-2020 11:11PM

Kilboor wrote: »

Providence Resources Farmout finalised, going to be a tasty end to the month for me

Everytime I buy Providence on Degiro I get this message. Any ideas?

Unfortunately this product is not available for trading. This could be due to regulatory reasons, your current profile or an internal decision.

Kilboor · 26-11-2020 11:16PM

roosterman71 wrote: »

Everytime I buy Providence on Degiro I get this message. Any ideas?

Hi Rooster, providence was removed from degiro. I was informed that they have reached their limit for those types of assets or some other bull****. Any holders can still sell however.

If you can only play it on Degiro I'd suggest looking at LOGP instead.

Stormington · 27-11-2020 12:14AM

I'd suggest Binance or Kraken - their trading fees are much better by comparison with Coinbase. Be sure to take your crypto off the exchange regardless of which one you use.

Coinbase's margin trades shut down and KYC requests appear to be in line with IPO requirements.

Treppen · 27-11-2020 08:29AM

Ok... Just going by Rigolo's suggestion as to look at what the kids find popular, teenagers are addicted to the day fashion outlet Pretty little thing owned by Boohoo. " It's like penny's but online" is what I've been told.

crushproof · 27-11-2020 10:13AM

Treppen wrote: »

Ok... Just going by Rigolo's suggestion as to look at what the kids find popular, teenagers are addicted to the day fashion outlet Pretty little thing owned by Boohoo. " It's like penny's but online" is what I've been told.

I think the time this year to get in on Boohoo was when they were outed in the summer when it was discovered they operated almost slave like factories in Leicester! Price plummeted but has regained some of its losses since.

I think the boat has sailed on making a fast buck on them, fast fashion is indeed a fast moving environment and there's a hell of a lot of competition online. Nonetheless in the short term I do believe the price will go up with the continuation of lockdown shopping from home.

AmberGold · 27-11-2020 10:39AM

Treppen wrote: »

Ok... Just going by Rigolo's suggestion as to look at what the kids find popular, teenagers are addicted to the day fashion outlet Pretty little thing owned by Boohoo. " It's like penny's but online" is what I've been told.

Just loaded up my 14 year old daughters Revolut with €50 @ 7am this morning so she could participate in the PLT Black Friday Sale on the bus to school.....

They must be cleaning up!

hottipper · 27-11-2020 10:58AM

makeorbrake wrote: »

Retail not so much a feature right now. This is being driven by the less regulated hedge funds/family offices/wealthy individuals. Also, paypal are a large buyer in this market - given that they're now offering crypto. Proper institutional investment has yet to arrive. It will come eventually.

Aren't you just shorting the $dxy you'd want to hope the double bottom in the $dxy doesn't hold or say goodbye to the value of your bitcoins. My point is you don't need a whole industry for it.

MurDawg · 27-11-2020 01:01PM

Thoughts on Slack when the market reopens? Expecting it to run further today as the salesforce story trends.

27-11-2020 02:24PM

GEVO should be interesting today (VERY volatile stock). Up 12% pre market, could end down 20%

Dont get caught by the FOMOtion.

DutchYurt · 27-11-2020 02:52PM

virginmediapls wrote: »

Whoever got me in on 4d pharma, you're a fecker.

Entire portfolio is green today except for them!

Up 12% since you posted

retalivity · 27-11-2020 03:39PM

VSTM, another old thread favourite that i've been bag holding for ages is on the up today early at 2$.
Still a long way for me to go to break even on that donkey!

Treppen · 27-11-2020 04:27PM

retalivity wrote: »

VSTM, another old thread favourite that i've been bag holding for ages is on the up today early at 2$.
Still a long way for me to go to break even on that donkey!

Same here. Any news?

Treppen · 27-11-2020 04:36PM

AmberGold wrote: »

Just loaded up my 14 year old daughters Revolut with €50 @ 7am this morning so she could participate in the PLT Black Friday Sale on the bus to school.....

They must be cleaning up!

Ha funny, students have said the same thing to me.
They're Getting a revolut top up for PLT.

Seems revolut are the go-to for under-18s buying online. Wonder will they ever list?

jinish · 27-11-2020 04:41PM

Quick question if someone can help.
My holdings in Degiro is 50% up.
However i havnt withdrwn it to an Irish Bank account.
During the last 6 months I bought many and sold many. Some made profits and some loss. As of today the portfolio us up 50%.
In terms of CGT, am I supposed to pay this years' gain even if i didn't withdraw the fund back to Ireland? The associated ac in Germany.
Or is CGT paid only when I withdraw the money back to my Irish Acc?
I am Cognizant about the 1200 exemption too, and would like to claim it. However I am reluctant to withdraw fund back to Ireland and the send back again.
Any help would be appreciated.

Share Picks 2020

Comments