The FTSE

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MillsyTheMosher said:
Advice needed folks :

I invested about 1.5 k into TUI in March when covid initially hit. This has gained me a profit increase to date of just shy of 1k.

I am wondering wether i should take my profit now or risk waiting until travel starts again at which case the 1 k profit will likely end up being 2k profit.

I am worried though that if travel doesn't start again until 2022 it could be BUST completely for companies like TUI.

Any advice is much appreciated ?
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Sell about half and leave the other half in play.
If it tanks you can bale out and lose nowt.
If it soars you're quids in.
If you can afford to lose £1,500 then why worry. Set a firm selling threshold? Say, at double your money?
 
MillsyTheMosher said:
Advice needed folks :

I invested about 1.5 k into TUI in March when covid initially hit. This has gained me a profit increase to date of just shy of 1k.

I am wondering wether i should take my profit now or risk waiting until travel starts again at which case the 1 k profit will likely end up being 2k profit.

I am worried though that if travel doesn't start again until 2022 it could be BUST completely for companies like TUI.

Any advice is much appreciated ?
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My only advise would be to ask yourself “would you buy it here?” If the answer is no then sell, if the answer is yes then hold. If the answer is not sure then think about offloading half of it.
 
west didsblue said:
Can't be arsed with crypto. Seems to me it's like betting on a horse without access to a form guide.
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They have no fundamentals, apart from a few crazies who you shouldn’t listen to nobody actually believes the “back story” about replacing currencies (if they did they wouldn’t keep telling you how much they’ve made trading crypto in £/$/EUR/etc). In the absence of any fundamentals it seems to chart quite well because people hang their coats on invisible hooks and want to pretend this is a market behaving in a rational way. Good luck to anyone who punts on this shit, it’s not for me, so I’m out.
 
Rumoured Apple considering bitcoin now, many people in the Uk with US funds will soon be exposed to crypto, If not already.
 
It makes a lot of sense for Tesla to invest in bitcoin, bitcoin can rise by 5-10% in a week at the moment so it's easy profit and Musk only has to tweet about it to jump the price. He could pay the wages just by selling the profits off the increases.

It doesn't change the fact though that it's actually worthless and only propped up by the hype surrounding it. I don't know a single person who's invested in it for it's benefits such as payment anonymity etc.

At the moment it will keep going up because it's easy money but everyone has a line set where they'll exchange it for cash and that is the definition of a bubble.
 
inbetween said:
It doesn't change the fact though that it's actually worthless and only propped up by the hype surrounding it
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people starting saying bitcoin was worthless when you could buy 3 for a pound.
And every day since, for over 10 years.
Surely there must come a time when a tipster succeeds and bitcoin does indeed become worthless.
If the coin gets hacked that would do it, without a doubt
 
zerox said:
people starting saying bitcoin was worthless when you could buy 3 for a pound.
And every day since, for over 10 years.
Surely there must come a time when a tipster succeeds and bitcoin does indeed become worthless.
If the coin gets hacked that would do it, without a doubt
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As an asset it's worthless and it's more like gambling, it's like buying a car that might be worth more than you bought it for or it might be worth less. Obviously cars depreciate but then you get a car to drive, with bitcoin you have nothing but a number on a screen.

The only thing keeping Bitcoin going is the fact that its propped against currency which allows people to buy it easily and people are only doing so because of the hype. If those same people couldn't buy it and had to mine it instead then it would be very different and I doubt we'd even be talking about it.

It's definitely worth a punt just like betting on the horses is but it's far too risky to for example put your life savings into it. It's funny that the people making the loudest noises about it are the ones who likely hold quite a lot of bitcoin.
 
RobMCFC said:
Global Battery Metals REZZF - new on Trading 212 this week - Up 200% in 3 days. Pity I only play with small money!

Also looking good on CCIV - bought @ 17, currently at 30, with rumours of the Lucid Motors takeover rumbling on.
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Good day for REZZF :-)
 
inbetween said:
As an asset it's worthless and it's more like gambling, it's like buying a car that might be worth more than you bought it for or it might be worth less. Obviously cars depreciate but then you get a car to drive, with bitcoin you have nothing but a number on a screen.

The only thing keeping Bitcoin going is the fact that its propped against currency which allows people to buy it easily and people are only doing so because of the hype. If those same people couldn't buy it and had to mine it instead then it would be very different and I doubt we'd even be talking about it.

It's definitely worth a punt just like betting on the horses is but it's far too risky to for example put your life savings into it. It's funny that the people making the loudest noises about it are the ones who likely hold quite a lot of bitcoin.
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Lots of what you’re saying about the intrinsic value and the mining is also true of gold. Many of things gold does, Bitcoin can do, only better.

Obviously gold has been around for longer and is less volatile, but people seem to have no issue accepting gold, so much so that we had the gold standard. Where as Bitcoin gets compared to lumping on the 14:10 at Cheltenham.
 
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aguerrrroooooooooooo said:


The penny might be starting to drop over at WSB. Nobody really knows which way this stock is headed but honestly if you have any serious money in it might be time to seriously consider getting out before things go seriously sour. It's already at $90 after hours.

I admit that even though I never had any actual capital in the game I got carried away with some of the hype and memes flying around and genuinely thought this stock could reach ridiculous highs (And it might have done had retail brokers allowed people to continue to buy shares)

I really hope nobody does anything too crazy but I've seen posts over there of people putting in tens of thousands of dollars into this stock that are now hugely in the red and still refusing to sell, this might not end well at all.
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I’d politely suggest it DID hit those highs, and then some.

Sooner or later, you run out of buyers for tulips.
 
I started mining bitcoin just for fun about 3 weeks ago with my son on his gaming pc when he isn't using it. Running a single rtx 3060 ti we've currently got $125 in our wallet. Not too shabby, and about the only punt I'm willing to take on bitcoin :)
 
crublue1 said:
Good day for REZZF :-)
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Unbelievable day - and up 500% in just over a week. These lithium / battery metal stocks seems to be a good investment at the moment. Thinking of putting a bit more into Lake Resources (LLKKF) which went up yesterday but still hasn't yet had the kind of gains that American Battery Metals (ABML) and REZZF have.
 
RobMCFC said:
Unbelievable day - and up 500% in just over a week. These lithium / battery metal stocks seems to be a good investment at the moment. Thinking of putting a bit more into Lake Resources (LLKKF) which went up yesterday but still hasn't yet had the kind of gains that American Battery Metals (ABML) and REZZF have.
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Fucking hell - it's up nearly 100% pre-market! Is it still worth a bit of a punt do you reckon?
 
M18CTID said:
Fucking hell - it's up nearly 100% pre-market! Is it still worth a bit of a punt do you reckon?
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You'd probably need a financial expert to give you that answer and that's not me.

Are we talking LLKKF or REZZF?

I bought REZZF @ 0.31 last week and now it's 1.50 - as I say, I'm no expert but it feels like that has done most of its climbing.

Looks like LLKKF is just starting its climb so that would be probably worth a punt. Just put an order in on Trading 212 for some more - word is there's high demand and the queues are moving slowly, so we'll see how that pans out!
 
RobMCFC said:
You'd probably need a financial expert to give you that answer and that's not me.

Are we talking LLKKF or REZZF?

I bought REZZF @ 0.31 last week and now it's 1.50 - as I say, I'm no expert but it feels like that has done most of its climbing.

Looks like LLKKF is just starting its climb so that would be probably worth a punt. Just put an order in on Trading 212 for some more - word is there's high demand and the queues are moving slowly, so we'll see how that pans out!
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Cheers. It was REZZF I was looking at. Not planning on putting loads in - maybe just diverting 1%-2% of the current value of my SIPP but will have a gander at LLKKF first before deciding which one, if any, to go in on.

Edit: It doesn't look like HL - who I have my SIPP with - has either on their platform. Bugger!
 
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