TheCountOfNowhere Posted August 8, 2014 Share Posted August 8, 2014 (edited) 2.8% off today now...wiping out yesterdays gain. World stock market fears today it seems according to the BBc, due to politicals fears...are those fears that the politicians wont keep printing them free money ? Edited August 8, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 8, 2014 Share Posted August 8, 2014 I've nothing better to do today....down 3.18% as of 11:30 Lots of small trades again. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 8, 2014 Share Posted August 8, 2014 I've nothing better to do today....down 3.18% as of 11:30 Lots of small trades again. it rallied, then it dilly and dallied now, it dropped back down to 3% down, back to 1.5% down and people buying selling 10's of shares at a time. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 8, 2014 Share Posted August 8, 2014 Very low volume on stocks today. Best to ignore. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 11, 2014 Share Posted August 11, 2014 DING. Final bell http://www.lse.co.uk/SharePrice.asp?shareprice=FOXT Share Price: 260.60 Bid: 260.40 Ask: 260.70 Change: -2.40 (-0.91%) Crash cruise speed: Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 11, 2014 Share Posted August 11, 2014 Down on a day when stocks seem to be bouncing back up - thank you Mr. Putin. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 11, 2014 Share Posted August 11, 2014 Down on a day when stocks seem to be bouncing back up - thank you Mr. Putin. You wont be saying that when he turns the gas off this winter. Have you fixed your tariff for the next 2 years? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 11, 2014 Share Posted August 11, 2014 Have you fixed your tariff for the next 2 years? No, but I was thinking about that very thing this morning regarding Mr. Putin. I decided that it would be easier, and probably cheaper, to leave the country. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 11, 2014 Share Posted August 11, 2014 No, but I was thinking about that very thing this morning regarding Mr. Putin. I decided that it would be easier, and probably cheaper, to leave the country. Well, that's the beauty of not owning a house in the UK. When the time comes, you can just GTFOOH. Quote Link to comment Share on other sites More sharing options...
mewParadigm Posted August 11, 2014 Share Posted August 11, 2014 DING. Final bell http://www.lse.co.uk/SharePrice.asp?shareprice=FOXT Share Price: 260.60 Bid: 260.40 Ask: 260.70 Change: -2.40 (-0.91%)Crash cruise speed: It's telling me 259.1. Seemed there was support at 260 but now we have the first close below that since the peak. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 11, 2014 Share Posted August 11, 2014 Apparently Putin is worrying the markets again - US markets have come down a bit. They say tyat Putin wants to send aid to Ukraine... just like we are doing in Iraq. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 11, 2014 Share Posted August 11, 2014 Apparently Putin is worrying the markets again - US markets have come down a bit. They say tyat Putin wants to send aid to Ukraine... just like we are doing in Iraq. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 12, 2014 Share Posted August 12, 2014 Fox watch. Share Price: 257.70 Bid: 257.30 Ask: 257.70 Change: -1.40 (-0.54%) Broken through the 260 barrier again....will be interesting to see where we are by Friday. Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted August 12, 2014 Share Posted August 12, 2014 Timber... 254.0 -4.85 (1.8%) Quote Link to comment Share on other sites More sharing options...
mewParadigm Posted August 12, 2014 Share Posted August 12, 2014 Slight bounce to 254.4 at close, but that's still another 5p threshold breached. And we're now way below where it closed on its debut day, so it's been record lows all the way. That said, this run of daily drops is bound to come to an end sooner or later - interesting to see if 250 is crossed before that. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 (edited) Is there any other reason for the collapse in their share price over the last 3 months other than speculators expecting the housing market to go down the pan ? Maybe they were over-valued to begin with ? If the london prices follow the foxton share price then people who bought 6 months ago are in for a real shock. If you look at the 1 year graph there was a definite peak around feb whereas the peak in prices ( LR ) was about June time, so in two months time we might well be seeing the true london market !!! The main leg down started, for me, when MMR was introduced, so someone somewhere expects it to have a big impact. Edited August 13, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted August 13, 2014 Share Posted August 13, 2014 I'd say if 260 stays breached (down) then next support is IPO of 230. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 (edited) I'd say if 260 stays breached (down) then next support is IPO of 230. I'd tend to agree. Looking at the graph there was a bounce at start of June and start of July but it looks to be heading way down from there. The big question is...how much of a leading indicator is this for the London housing market ? I suspect if the London housing market has collapsed, as we hope, then the whole of the S.E. and surrounding shires are about to collapse too which will sending all the indexes down and sentiment into the toilet. the return to normal wont have lasted and it's fear and capitulation to follow. As I keep saying, buying a UK house is HIGH risk and dead ( aka lost ) money Edited August 13, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 13, 2014 Share Posted August 13, 2014 I suspect if the London housing market has collapsed, as we hope, then the whole of the S.E. and surrounding shires are about to collapse too which will sending all the indexes down and sentiment into the toilet. the return to normal wont have lasted and it's fear and capitulation to follow. If you use the right move trends tool, you can see stock piling up in prime and central (expensive areas), you will also notice outskirt areas are low on stock. From the stock of properties, it looks to me like a few luck ones cashed in and moved already out of the prime areas into the less expensive areas - the ripple happened. A few months down the line stock will be piling up in the outskirts as the buyers now can't sell their prime properties. This will lead to a 'property implosion' with reductions imploding from the center outwards. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 (edited) If you use the right move trends tool, you can see stock piling up in prime and central (expensive areas), you will also notice outskirt areas are low on stock. From the stock of properties, it looks to me like a few luck ones cashed in and moved already out of the prime areas into the less expensive areas - the ripple happened. A few months down the line stock will be piling up in the outskirts as the buyers now can't sell their prime properties. This will lead to a 'property implosion' with reductions imploding from the center outwards. I have no doubt that scenario has happened and WHEN london crashes that implosion will happen. I know several "london people" who moved out a bit 3 years ( e.g clapham to Wimbledon ), ago and are now planning to cash in and buy BIG house much further out ( e.g. Wimbledon to Surrey ). They would do well to remember leverage works on the way up AND the way down. The northants market has to have been been buoyed by this ripple effect, I was doubting my sanity earlier in the year when I saw some of the over priced rubbish that had been on the market for 3-5 years selling for the same asking price no one would pay for the last 3-5 years, but I guess when you've been handed £500K+ tax free and unearned cash for a flat then property looks like a 1 way bet from your point of view and that £500K 4 bed house ( that's only worth £250K ) looks to be a bargain. Meanwhile real workers with real wages are sitting scratching their heads wonder what is going on. London is destroying the country and a rebalancing is much needed. Edited August 13, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 Gardy loo Share Price: 250.00 Bid: 250.00 Ask: 250.20 Change: -4.40 (-1.73%) http://en.wiktionary.org/wiki/gardyloo "Used by servants in medieval Scotland to warn passers-by of waste about to be thrown from a window into the street below" Quote Link to comment Share on other sites More sharing options...
mewParadigm Posted August 13, 2014 Share Posted August 13, 2014 It touched 249.8 breifly so another threshold has been breached. A salutory lesson in how wealth can evaporate - about £400m off market cap since the peak. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 (edited) It touched 249.8 breifly so another threshold has been breached. A salutory lesson in how wealth can evaporate - about £400m off market cap since the peak. Back in positive territory since the lloyds announcement, they must be expecting a tory u-turn on cutting back lending and inflating house prices even further out of reach of sanity. I wouldn't put anything past Osborne, I cannot believe what that man has been allowed to do to our futures. Edited August 13, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
bankstersparadise Posted August 13, 2014 Share Posted August 13, 2014 Maybe they were over-valued to begin with ? Yes it was. By definition, the insiders sold a large amount (>50% of the shares) during the IPO at 230p, so it is clear what they think it is really worth! Foxtons is not yet priced for the market to go down the pan, obviously at 400p it was pricing London property to go to the moon! At anything above 170p it is over-valued. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 13, 2014 Share Posted August 13, 2014 (edited) Yes it was. By definition, the insiders sold a large amount (>50% of the shares) during the IPO at 230p, so it is clear what they think it is really worth! Foxtons is not yet priced for the market to go down the pan, obviously at 400p it was pricing London property to go to the moon! At anything above 170p it is over-valued. What about these fellows then: Countrywide: 52 Week High 701.00 52 Week High Date 17-MAR-2014 52 Week Low 460.60 52 Week Low Date 21-JUL-2014 Barrats: 2 Week High 455.40 52 Week High Date 7-MAR-2014 52 Week Low 293.00 52 Week Low Date 15-AUG-2013 Taylor Wimpey: 52 Week High 132.70 52 Week High Date 25-FEB-2014 52 Week Low 96.85 52 Week Low Date 27-SEP-2013 Persimmon: 52 Week High 1,508.00 52 Week High Date 25-FEB-2014 52 Week Low 1,043.00 52 Week Low Date 7-OCT-2013 Compared to: Foxtons: 52 Week High 402.20 52 Week High Date 28-FEB-2014 52 Week Low 249.30 52 Week Low Date 6-AUG-2014 All similar graphs, peak around March, trending down ever since. March being, oh lets see...when MMR was stopped....when FLS dried up a bit maybe too ? I'm willing to accept Foxtons is over priced from the IPO and hence why it's dropping but it seems a bit coincidental that these other shares are following the same pattern. I mean, I'd like to believe in fairies but they just don't f**king exist. Edited August 13, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
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