My SIPPs and investments all, inevitably, down since the orange man baby (as the star likes to call him!) took office. Will hang on as I think only a matter of time until things resolve themselves...wondering if is a good time to top up some of the US-based funds while they are down...
Hopefully the orange man baby can't do too much damage...
World markets falling again today. Only the FTSE bucked the trend, ending up a massive 1.59 points 😄.
Currently the Dow & the S&P500 are both down 1.5% and the Nasdaq down 2%. Over 1 month the first 2 are down 9% and the latter down 13%.
The main European markets were all up at lunchtime today but then fell to being down 0.6% at the close.......all stemming from Trump putting 200% tariffs on EU alcohol.
It's not going well for little Tommy Sandgaard. This is not the first time dodgy practices have impacted Zynex. Soon to be busking for coins on street corners...
Not sure the above means dodgy practices per se. It’s a legal firm, no better than no win no fee firms in the uk, offering to try and sue for damages due to recent decline in share price.
The share price has been hit by normal business impact, although the fundamentals for Zynex do not look good (losing 25% of its customers if uniformed health insurance is lost would be critical).
I think Sandgaard was an egomaniac, but dodgy practices are not reported at present.
It's not going well for little Tommy Sandgaard. This is not the first time dodgy practices have impacted Zynex. Soon to be busking for coins on street corners...
Just checked today as I still have a few shares in Zynex. They have plummeted to $2.63! Were at a high of over $12 a year ago...think Mr Sandgaard is in trouble....
I had them on a tracker (though don't own any of their shares) and was curious to know what had happened.
What is also a bit odd is the timing of his posts on his Instagram, where he and I assume other employees are ringing the opening bell at the Nasdaq HQ and he has his name up in bright lights on the exterior.
I had them on a tracker (though don't own any of their shares) and was curious to know what had happened.
What is also a bit odd is the timing of his posts on his Instagram, where he and I assume other employees are ringing the opening bell at the Nasdaq HQ and he has his name up in bright lights on the exterior.
You’ve reminded me Zynex is on the Nasdaq, a supposed “tech” index. What a joke. But not as big a joke as having a company that makes mediocre cars, whose door panels are glued on so badly that the entire sold fleet (all 46,000) of their latest model need a recall so they can be glued back on.
The worst joke is that I, and just about everyone here who invests in global equity funds, still own bits of that crap, often without knowing it.
Not sure the above means dodgy practices per se. It’s a legal firm, no better than no win no fee firms in the uk, offering to try and sue for damages due to recent decline in share price.
The share price has been hit by normal business impact, although the fundamentals for Zynex do not look good (losing 25% of its customers if uniformed health insurance is lost would be critical).
I think Sandgaard was an egomaniac, but dodgy practices are not reported at present.
This.
Looks like this is more an issue with Tricare and how it pays thousands of providers and has been going on since the system changed at the start of the year and a new contractor began managing payments…or not as it turns out.
Not sure the above means dodgy practices per se. It’s a legal firm, no better than no win no fee firms in the uk, offering to try and sue for damages due to recent decline in share price.
The share price has been hit by normal business impact, although the fundamentals for Zynex do not look good (losing 25% of its customers if uniformed health insurance is lost would be critical).
I think Sandgaard was an egomaniac, but dodgy practices are not reported at present.
This.
Looks like this is more an issue with Tricare and how it pays thousands of providers and has been going on since the system changed at the start of the year and a new contractor began managing payments…or not as it turns out.
Yeah. As an interested party I've been doing some research as to why the stock has plummeted so drastically. Seems it has been declining recently, partly due to a temporary suspension of payments from Tricare (as you said), a major payer, and a downgrade by RBC Capital Markets citing operational concerns and a lack of visibility into the company's operations.
I don't have too many shares but have little chise but to hold and hope for an eventual recovery!
I had been intending to use Mrs Idle's isa allowance for an S&S but its going into a 12m fixed cash isa now until things calm down (ie Trump is removed, by whatever means). All shares looking precarious at the moment, but europeans the least worst, i'd say.
And/Or crash the dollar to the benefit of those holding Crypto.
This is my suspicion. Bloke's as crooked as they come.
Hard to believe what is happening... Not sure who is driving this but it stinks to high heaven.
The virtual silence of prominent businessmen, the entire political class and the judiciary is really unnerving. It's absolutely Orwellian.
Given the history of tariffs I have no idea why nobody in the US is speaking out. The only reason I can see is to manipulate markets...
I think they fear for their lives if they speak out. The fact that everyone (I accept there are exceptions that prove the rule) in positions of power has adopted the same stance suggests it's not a paranoid delusion.
I had been intending to use Mrs Idle's isa allowance for an S&S but its going into a 12m fixed cash isa now until things calm down (ie Trump is removed, by whatever means). All shares looking precarious at the moment, but europeans the least worst, i'd say.
Very much my instinct. I can’t invest in ISA’s but money market funds are still delivering around 4.8% p.a. and central banks remain wary of inflation. Right now If my portfolio overall delivers 4.8% growth this year I will be well happy.
I had been intending to use Mrs Idle's isa allowance for an S&S but its going into a 12m fixed cash isa now until things calm down (ie Trump is removed, by whatever means). All shares looking precarious at the moment, but europeans the least worst, i'd say.
Good time to invest. See how the US markets open today. UK down just over 1% and European ones slightly more. Japan down 4% overnight and down almost 10% this year.
All good buying signals. If you were going to invest last week / last month all that has changed is that the market has got cheaper.
And I don't buy into all this Trump conspiracy nonsense. The guys an idiot & signalled what he was going to do before he got in.
I see your point, Golfie, but i've caught enough falling knives in the past to be wary of jumping into a down trend. I'd rather wait for a bottom than guess when it might appear.
(Dow forecast to open another 200 points lower today)
I had them on a tracker (though don't own any of their shares) and was curious to know what had happened.
What is also a bit odd is the timing of his posts on his Instagram, where he and I assume other employees are ringing the opening bell at the Nasdaq HQ and he has his name up in bright lights on the exterior.
You’ve reminded me Zynex is on the Nasdaq, a supposed “tech” index. What a joke. But not as big a joke as having a company that makes mediocre cars, whose door panels are glued on so badly that the entire sold fleet (all 46,000) of their latest model need a recall so they can be glued back on.
The worst joke is that I, and just about everyone here who invests in global equity funds, still own bits of that crap, often without knowing it.
Well said. Referenced stock has a cult following, and if you need any evidence of this, listen to Cathie Wood's recent interview.
Regarding global equity funds - this is why active management is important and especially so right now. There is an active global equity fund with a value / contrarian mandate that has returned 10% in the last 3 months. There are many others out there across lots of sectors.
bloody hell what a mess and a confusing one at that. I don’t know whether to use up my ISA allowance on either a S&S or Cash investment. The trend on my investments are very much on a downward trend. My FA says just hang on there!
Comments
Currently the Dow & the S&P500 are both down 1.5% and the Nasdaq down 2%. Over 1 month the first 2 are down 9% and the latter down 13%.
The main European markets were all up at lunchtime today but then fell to being down 0.6% at the close.......all stemming from Trump putting 200% tariffs on EU alcohol.
Soon to be busking for coins on street corners...
What is also a bit odd is the timing of his posts on his Instagram, where he and I assume other employees are ringing the opening bell at the Nasdaq HQ and he has his name up in bright lights on the exterior.
The worst joke is that I, and just about everyone here who invests in global equity funds, still own bits of that crap, often without knowing it.
Looks like this is more an issue with Tricare and how it pays thousands of providers and has been going on since the system changed at the start of the year and a new contractor began managing payments…or not as it turns out.
https://www.nbcnews.com/news/us-news/changes-tricare-militarys-health-care-program-are-causing-disruptions-rcna194954
I don't have too many shares but have little chise but to hold and hope for an eventual recovery!
Interesting article on tariffs. I do wonder if Trump wants to crash the markets to enable some of his friends to make a killing...
It all seems utter madness.
This is my suspicion. Bloke's as crooked as they come.
All good buying signals. If you were going to invest last week / last month all that has changed is that the market has got cheaper.
And I don't buy into all this Trump conspiracy nonsense. The guys an idiot & signalled what he was going to do before he got in.
Regarding global equity funds - this is why active management is important and especially so right now. There is an active global equity fund with a value / contrarian mandate that has returned 10% in the last 3 months. There are many others out there across lots of sectors.