Sprocket60
20 Jan 2016
Re: don't panic, don't panic Strange, the Titanic is worth a lot more now as a piece of rotting iron sitting on the Ocean floor.Will this company ever re-float to the proud ship it once was ?????
xTitanic
20 Jan 2016
Re: don't panic, don't panic Doggie - note the "x"
Doggedly persevering
20 Jan 2016
Re: don't panic, don't panic They said that on the Titanic! Sorry, couldn't resist.
xTitanic
20 Jan 2016
don't panic, don't panic The time for panic is yet to come.Don't get sucked in just because the SP has dropped 80%.Oil, China is too volatile. Too many things going on to make decisions.
indolent
19 Jan 2016
Re: Major miners .... penny stocks. Arti... I found the volatility references of interest including the one for BHP and thought others might too. "Question is are mining stocks ready to hold their gains, or are the just a highly-leveraged bet on the overall market direction? "Why mighty any or a basket of say the major LSE listed diversifieds be a leveraged bet on the market if they've remained diverged from the FTSE100 and S&P500 (to mention just two indexes) for at least five years?
Doggedly persevering
19 Jan 2016
Re: Major miners .... penny stocks. Article That was a disappointing article. It doesn't say anything more than the extracts you gave.Question is are mining stocks ready to hold their gains, or are the just a highly-leveraged bet on the overall market direction?
indolent
19 Jan 2016
Major miners .... penny stocks. Article [link] sentences: LONDON — They are some of the world’s biggest mining companies, with operations spanning the globe, thousands of employees and decades of history. In the market, they are being whipped around like a speculative hot stock. Anglo American has become the most volatile stock in the Stoxx Europe 600 index. Shares of the 99-year-old company surged 14% last Thursday, and the gain was mostly wiped out the following day. Glencore recently had weekly moves exceeding 10%. Even BHP Billiton, the largest mining company, is seeing bigger swings than any time since 2009.Another extract: "There aren’t many natural buyers of the stocks. It’s been left to people with a more trading bent."
xTitanic
15 Jan 2016
Re: Bottom fishing.... Being shorted to death!
Sprocket60
15 Jan 2016
Re: Bottom fishing.... Profits being taken at every spike to keep SP down. Wondering how low this can be driven down before true value of company is established. Guilty myself of doing this but rather do this than buying in long term & then seeing value drop even more. I initially though £ 2.50 was a good price to get in, but see that it will be driven even lower.
indolent
15 Jan 2016
Re: A TA view on Anglo (short vid) www.businessdaytv.co.za/shows/talkingtechnical/2016/01/14/talking-technical-part-1Anglo in part one being the above link. The Rand in part two. The low Rand helps at least until secondary inflation effects kick in. The professional trader wasn't entirely negative but it doesn't sound like he would risk his own money again just yet. In the mean time the trend continues to assert itself. At the link below an economist suggests the commodity down cycle might have two more decades to run. (I don't buy in to that concept either but his firm used a lot of data going way back when.)www.businessdaytv.co.za/shows/newsleader/2016/01/13/two-more-decades-of-commodity-price-downturn
xTitanic
14 Jan 2016
Re: Bottom fishing.... £2.20 - £2.60 is the weeks trading range, but its like hanging onto a tigers tail. FTSE recovered at close also.I'm still holding off for sub £2.00.
Bowman
14 Jan 2016
Re: Bottom fishing.... xT,You beat me to it. Apologies for duplicate post. I have a support level of 220 and resistances at 250, 270 and 290 on my chart. I am hoping the first resistance has now been overcome, and we can move on to the other two,
xTitanic
14 Jan 2016
Re: Bottom fishing.... Will the 9% (at 15.30) gain last, or drop back at close like yesterday?.
xTitanic
12 Jan 2016
Re: Bottom fishing.... That 4 - 6% rise today didn't last. Sub 200p for me.
xTitanic
12 Jan 2016
Re: Bottom fishing.... Nothing new in RBS statement - mostly being priced in.RBS say sell RBS - must be going bust again. At least GO got out at £3.30
