stock market crash

[scooterscot]

Any thoughts on Capita? The stock is hovering around 40p but was 120p pre-covid. It should be around 70p by now compared with other businesses?

Also with Jon Lewis at the helm they've got a half decent chance.

BUT as soon as I buy the business will tank.

My reasons for going with Centrica were purely technical.. I did look at Capita, however there was no strength in the signals. Stock markets move slowly, so using the monthly charts for the big picture makes sense.

As way of example - here is Centrica before my purchase. The orange bar (my own script) tells me we're heavily oversold. Also the Stochastic RSI (green callout) is showing higher lows, very bullish.








Now looking at Capita


The RSI resistance line (green callout) remains very active even following an oversold period. This is bearish as anything, and is indicating price action shall continue in a downward trend until 2023.

If it were me, I'd stay away from this one.

[scooterscot]

Two very interesting picks on the FTSE 100

British land company -

Almost a certain win technically speaking over the coming months.







BT group


Looking good, but not yet, not until confirmation of trend reversal. Oversold and there's lots to indicate the bears are exhausted.

[jamesbrown]

Where's the bitterness? Don't project. Just calling BS when I see BS.

Everything scootie says is BS until proven otherwise, so unless you plan a fulltime job...

[Old Greg]

Everything scootie says is BS until proven otherwise, at which point you need to check your working...

FTFY

[cannon999]

Any thoughts on Capita? The stock is hovering around 40p but was 120p pre-covid. It should be around 70p by now compared with other businesses?

Also with Jon Lewis at the helm they've got a half decent chance.

BUT as soon as I buy the business will tank.

Yeah, Capita have had declining revenues for 5 years and are swimming in debt. But by all means, if it was 120p pre-covid........

[AtW]

"considerable chunk of my portfolio"

£10K?

It’s whole Poopers final salary pension

[AtW]

So Pooper is into penny stocks

[scooterscot]

It’s whole Poopers final salary pension

Just you remember that.

[northernladyuk]

So Pooper is into penny cocks

Just you remember that.

[AtW]

IMO, DLAR.L has more legs tomorrow. Closed up today 19.34%. Decided to hold. Looking for £1.80 per share over the next couple of days but will be happy at £1.60.

IMO, AML.L is heading upwards within a couple of weeks looking at ~£1 to be happy. Possibly more if you're willing to hold until the first deliveries of the DBX and or F1 partcipation.

DYOR.

I am not qualified to give financial advice.

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