If only there was a top sells chart too
Is this calculated on the number of shares purchased or amount of money spent on the stock? If it is number of shares then SXX will keep the top spot, whack £50 in and you get over a 1000 shares at its current price. Even though it’s a stock to stay well away from.
Well as long as people accept that they will most likely lose their money I guess it’s worth a shot for some.
Reliably informed it’s a “buying opportunity”
https://twitter.com/freetrade/status/1170008570110324737?s=21
I’ve no solid idea as I tend not to pick my own individual stocks but I suspect with BT it’s because it’s a well established British brand, utility and dividend payer. There’s a case to made that some may be long on the long term value/strategy, despite short-medium term pain:
Yeah I wouldn’t buy BT for short term dividend or growth. As that’s not likely to happen with the apparent infrastructure push.
$SXX cancelled the bond sale, need funding, or they go bust.
What am I missing or are people taking a gamble that they will be rescued? In a bankruptcy/restructuring scenario, common equity holders are at the bottom of the food chain, so may get wiped out mostly.
I voted maintain.
I don’t see why Sirius is so popular. It’s the cheapest stock, so people may be using it to reduce their petty cash?
Yeah, I think it’s primarily traders/speculator stock now: buy for 4p sell for 5p, rinse and repeat.
Good shout. The narrative around this stock reminds me of the ‘7 Deadly Sins of Investing’ cited in the The Psychology of Investing blog:
humans are much more driven by ego and the narratives we write for ourselves than dispassionate calculation.
Stubbornness
The worst combination of behaviours is rashly cutting your wins and then stubbornly running your losses. It’s obviously self-destructive but very psychologically tempting. Many people hate losing more than they enjoy winning and subsequently they’ll do anything to put off a loss.
There are a whole bunch of tricks and biases people use to avoid changing their minds and recognising the loss, from ignoring the facts to upping their risk to cancel out the deficit.
Phrases like, “It’s only a loss if you sell” are technically true but also technically massively unhelpful.
Being steadfast is actually a good thing in investing — you shouldn’t necessarily switch your strategy just because things don’t immediately play out as expected. But when the facts of an investment change, don’t be afraid to change your mind.
Yeah I agree, I talked about It in this video to get some thoughts. Seems like some is purely based on the traders mentality, some genuinely think there’ll be a bail out/investment which will change its direction, and others its a punt.
https://twitter.com/freetrade/status/1177612359910735873?s=21
Dethroned… there’s a new in town:
https://twitter.com/freetrade/status/1180148108501684226?s=21
https://twitter.com/freetrade/status/1182656229547692032?s=21
https://twitter.com/freetrade/status/1185219404553961472?s=21
https://twitter.com/freetrade/status/1187752686600495108?s=21
Sirius is still top! Bravery or naivety?
Some interesting developments this week. SXX🥉
https://twitter.com/freetrade/status/1190301680480509952?s=21
Wearables & Acquisitions:
https://twitter.com/freetrade/status/1190302554246328320?s=21
https://twitter.com/freetrade/status/1192816191716384768?s=21
https://twitter.com/freetrade/status/1195417846303600640?s=21
https://twitter.com/freetrade/status/1197929690234851330?s=21
https://twitter.com/freetrade/status/1202983584161763329
https://twitter.com/freetrade/status/1202983592873381889
Top buys on the app last week:
Sirius Minerals $SXX ↔
S&P 500 $VUSA
Lloyds $LLOY
FTSE 100 $VUKE
Boohoo $BOO
Vodafone $VOD
Aviva $AV
BP $BP
Renewables Infrastructure $TRIG
ITM Power $ITM
Top buys on the app this week
Lloyds $LLOY
Sirius Minerals $SXX
Greatland Gold $GCP
Boohoo $BOO ↔
Bacanora $BCN
Renewables Infrastructure $TRIG
FTSE 100 $VUKE
S&P 500 $VUSA
Barclays $BARC
Alliance Pharma $APH
Variety is the spice of life:
https://twitter.com/freetrade/status/1215651248625668097?s=21
Anyone got a take on how or why this is still in the Top 10?
Mystifying, isn’t it