Share Picks 2023

Quoting myself here. My few quid in Canoo last week have had a nice rise to date. Up 33% and seems to be gathering momentum.

Re-location of their listings has been well flagged for over a year in various business publications.

Even mentioned it myself back on 13th Sept. on the ISEQ thread.

I had Irish listed shares, sold them about 2 weeks ago... and bought US listed equivalents. Even if you still hold Irish listed shares they will presumably be bought back by the company or swapped for US/UK equivalents.

Personally I don't really understand why they dumped Dublin and kept London as a secondary listing....they will still be headquartered in Dublin and now no longer have an EU stock exchange listing.

I'd wait a few weeks at least, they're leaving Dublin & London and moving to the New York stock exchange next week, I'd expect the share price to rally and with dividends in November definitely worth the wait.

CRH is going to have its primary listing in New York (they had a secondary listing there already) and a secondary listing in London, Dublin is the only one being dropped.

Yep, hoping for a bounce in the Share Price once the big US institutions start buying in. CRH will be included in S&P 500 eventually (next Autumn at a guess) that's when the SP should really get a turbo boost.

Is there anyone actually doing well at the moment? All the major indexes appear be doing well this year, yet everything I bought has turned to dirt. I wouldn't mind if it was 4-5% down, but 15, 30, 50% down on nearly all the stocks I've bought, and they're not wild gambles either - Nextera energy, Merit Medical, Nexans SA and even Barrick Gold down 15%. It makes no sense at all this market.

Buy JAM, unless you are very good at reading company data you will almost certainly underperform in the long term.

Have a Stop loss set up for everything. Investing is about making money when times are good and not losing too much when times are bad.

Always be ready to walk away.

Preserve capital at all costs.

That's all very solid advice but also very fanciful.

How do you know a truly good company from say a middling one or a terrible one?

and even if you were able to figure that out, things can change.

How do you know that you are buying at a cheap price?

And why not sell on a dip? before that dip becomes a massive sell off.

My biggest losses have been where I have hung on too long to what I deemed to be good companies as the share price slowly collapsed.

You have probably all heard the quote attributed to Ernest Hemingway — 'How did you go bankrupt? Two ways. Gradually, then suddenly.'

Yeah you could very well be right, I just have a bad feeling about Q4. I could be wrong, if I could predict the future I'd be a rich man.

Have people put much money into stocks this year? I've been accumulating cash truth be told, with 4% availale from Trade Republic it seems hard to ignore without any downside risk.

One the flip side, I've always believed in DCA'ing so would love to have had the conviction to but more this year, most of teh companies I like are growth companies that have struggled this year with interest rates. Continuing to buy the likes of Crowdstrike, AirBnB, Spotify and Shopify, all big covd winners but companies I believe in will continue to grow over the next 10 years.

There's been a glaring absence of any actual Share Picks on the "Share Picks 2023" thread for a while now.... But happy to report CRH is motoring along nicely on NYSE. Think my exchange price at NYSE listing time was about $54, now hovering around $59. Long may they run 🤞

Not as much as during covid but I'm sticking to my energy (wiggle wiggle) plan and added to uranium and o&g services and will hop back into coal miners (likely non-US). Have added gold and lithium miner too. Eyeing up tankers. Have trimmed most tech and bailed on wind/solar as there's too many zombie companies to count and would not be surprised to see more fail with interest rates higher.

I don't advocate DCA'ing like I used to as I prefer to go with a trend and buy things going higher. If your timeframe is far enough out it makes sense but there may be better places to generate a return and add to a position once it starts to move up.

Thinking we get a vix pop/market drop then run into xmas. Might be wrong but have bought calls to cover myself.

Something really stinks about this market. In the last few months I have literally lost every gain I made over the past three years and losses further compounded. And yet if you look at the indices, they don't look so bad at all.

Are the index providers faking the numbers to hide a market meltdown? Wouldn't surprise me one bit if there was an ETF bubble about to burst.

Disclaimer: I have limited market knowledge do not make decisions off this view!

The problem with ETFs and probably short term traders too is, the more money that goes into the market, the more prices rise above what they are actually worth. A bubble, if you like. Share prices are being driven up, not by fundamentals, but by the flow of money. I hear so many people on here say they are buying shares just because the price is going up. Crazy. The market has to correct itself eventually. That's what is happening now. A good time to buy, if you can spot value for money.

Bank Of America at $25, 3M at $89 - just saying .........

Food production companies have to be a no brainer long term. Worlds population is rising and the amount of food the planet is able to produce might have peaked (arable land is actually dwindling due to Climate catastrophe).

Degiros biggest gainers of the last 10 years, fair play to PLS, best stock I ever owned and got me into my first house this year, a life changer and still a good dividend stream, still a buy during the current dip imo:

one-time favourite here GAN has been acquired by Sega for $107m. I was still holding a few shares in it, up 92% today.

Although I am still down 60% on it overall!