stock market crash

[DealorNoDeal]

It's simple, you choose something everyone is selling (be contrarian) and then buy it and hold it until you are rich. It cannot fail.

Except, didn't Scoots make his fortune, with crypto in 2017, buying what everyone else was buying?

[DimPrawn]

Except, didn't Scoots make his fortune, with crypto in 2017, buying what everyone else was buying?

He was contrarian to all those that weren't buying, but instead were watching TV or summat.

[Highland]

FTSE up and infamous CNA down nearly double digits % since spike this morning.

Maybe a large cash call on the horizon that those in the know are aware of and are exiting? That Barclays note quite suspicious I think. Huge dilution at 20p or suchlike under the guise of new CEO clearing the decks - that's the usual nonsense they try and frame value destruction events around. Else it's just a hugely indebted company that's struggled for years and people realise it's a zombie? One or the other.

Not many bargains in the blue chips currently - may just buy some more FAANG. Another 20 years until early retirement and their dividends will see me alright I think.

[scooterscot]

I don't see companies like Centrica rising until people start to go back into offices in large numbers. Or Winter. Whichever comes first.

I made £10 quid shorting Centrica for a bit of fun this morning.

prove it - otherwise...

[wattaj]

prove it - otherwise...

As you wish.

[scooterscot]

I just see a graph - where's the trade? No proof no trade. cUK General rules.

[wattaj]

I just see a graph - where's the trade? No proof no trade. cUK General rules.

The little blue number showing a current (paper) profit of £11.64.

[ladymuck]

The little blue number showing a current (paper) profit of £11.64.

It's not real money until you cash in

[wattaj]

The little blue number showing a current (paper) profit of £11.64.

I'm going to keep this one open over the weekend to see what happens.
I closed my FTSE bet at +£228 a little earlier.
Not the biggest bets that I've made, but it was fun. And I'm currently up ~£4k overall since I started.



Obligatory pics for the sceptical.

[Old Greg]

It's not worthless fiat currency until you cash in

FTFY