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My sell trigger was foolishly set to 70p. I will now set it to 65p and wait. Good luck all.
Why is this tanking? What did I miss?
its buy time imo
Yes definitely tempting if I had funds I probably would. There may be temporary dips like this along the way but over the long term or even in the short term the direction of travel is up.I am doing very well sitting tight on this share and don’t want to interrupt that process when news is due any time.
Bluegrass Im using my own analysis and making assumptions so year some best efforts I prefer to call it sophisticated guesswork!!
That was my view on the moves where I thought market could move down to, beta adjusted I don't think any market should be up this year and ftse was up 4%.
FTSE now heading back to flat, if I beta adj to BCN and v other miners that's where I thought as a best assumption would fall to.
Market was flying in December on hype, in reality ever since Biden has announced positive policies we've had nothing but pull backs so like usual market horrifically technical market.
I am a long term holder since Nov 18, highest price paid 51, lowest 15.3 when that poster on here was claiming dumping all his stocks last year banging on about covid.
Nothing has changed for me on this stock but the technical in it, iv been clear my belief was a pull back and thus wasn't adding. I also am kicking myself for not selling for the reasons you state below, news at any point.
I know everyone that's long prefers just endless ramping, but I have been right so stop trying to belittle it.
Ill be honest bluegrass, it was not my intention to trade! I couldn't help buy a few more, a few more.... until I went a bit higher than I wanted. Then with what I regarded as storm clouds brewing I exited my overbuys on Monday and the prices have dropped since (despite Lithium apparently carrying on it own upwards momentum). So being an opportunist its obviously tempting to buy them back. Trouble is where is the bottom? its 54.5 as I write this, tempting.......
How Is the trading going johnphw. Did you get your timing right? I feel regardless of what is happening in the markets more widely BCN Is expecting news so could massively relate at any time. So trading it’s always a risk but I suppose could be profitable. At the end of the day BCN Is a speculative mining share on AIM valued a lot less than some of its peers in similar situations, it is not in production with a bottom line to hit. I think prices here are more dependent on people’s nerves and sentiment than anything else. I am a long-term holder here and well in profit at the moment. I am always guessing to myself about possible price movements but rarely trade. I don’t know how you come up with such precise percentages for possible falls and rises Fozdog, as it relies so much on sentiment it really is guesswork.
Tbh placing makes the most sense, rights issue I just hoped would be better for broader market and now lithium America’s done it why not. I was hoping no cash needed at all...that would be ideal.
If they raise do you think it will be via a placing or a rights issue? With several large shareholders it will be tempting for them to do so by a placing I suppose
Yep this was why i was posting IF they need to raise, do it when the market was buoyant. We wont get an RNS till 3rd March.
Yes Fox, I have still the balance of shares I sold Monday if I fancy a quick 30 day rule profit! Obviously we have seen LAC come off nearly 25% since 19th Jan which won't help. Could do with a positive/ reassuring RNS to steady the ship but I'm not holding my breath.
John I sort of feel it already has traction but not saying it doesnt continue bit more.... were close to month end weve had some utter shambolic moves like Gameshop. There will be some portfolio movement/rebalancing going on already, I think its a ride out storm for a week type now. Volumes broadly are lower and having larger impacts on moves which is what you expect in risk off.
However the fed is not pricking any bubbles, they are very much reiterating support is there as the Ecb is and think we recover yin a week.
Im just the idiot that said a 20% drop coming here, do I trade it for the downside / upside..anyway think ill by buying soon, tomorrow on month end even though today might be better print.
Think the question at the moment is whether this market correction gains traction. There's not much blue around at the moment, that's expected I think apart from companies who have issued upbeat update RNS' today (I saw EUA). I look at Asian Metals and saw that Li related commodities still seem positive.
Did enjoy Grantham mr Bear comment:
"Shares that benefit from the greening of the economy will do much better than the rest. Anything to do with renewable energy, the electrification of the system, electric cars etc. These are all going to have top-line revenues that dwarf the declining growth rate of the rest of the global economy"
Optimistic timescale but agree with the pent up demand.
1st thing on many peoples list ... a new EV
Then inflation argument is overdone, it can run hot for many a year before they are really concerned. Let’s also get to inflation as not seen any for 10 years!
Dont really care. I want my vaccine , and to spend rest of 2021 on holiday spending money I havent been able to spend over the last year.
It's an attitude of mind. Pent up demand just waiting to be released. I cant be the only one ready to go on a spending spree as things get back to normal.
Personally, I think there has to be some sort of pullback, particularly in US large caps. My tech funds have almost made more than me this year lol. I think the economic impact of COVID is still to hit as many businesses fail after the support stops. That being said, the FED are printing money like there's no tomorrow and if inflation starts to rise what do they do? They can't hike rates as borrowing is at an all time high - it's going to be an interesting year, that's for sure!
Asset prices have been in a widely held bubble and it’s still inflating as it will continue to do so with qe.
The sheer amount of money and credit creation that exists will continue to support it for some time yet. Overriding view is that h2 will be a strong recovery as we pass through worst of covid, yes bumps on the way but consensus is jabs and mutations can and will be dealt with (along with something like regeneron antibody treatment)...
The one thing that is clear we remain in an arms race with Europe for renewables that isn’t going to slow and loads of job postings now looking for people in this area. The govt will pump and pump money into this, billions are a drop in the ocean.
Let the us get their cheques in and next bounce will come, but doesn’t mean we aren’t going to wobble around for a bit. I worry more about how money sits, the retail element can batter stock markets up and down something it hasn’t been able to do in a long time and it’s much more flakey than elsewhere.
We all know the story here but it’s come with pain, I had opportunity to buy lithium America’s at 2$ and instead added and stuck here stubbornly....
tf
Thanks for the reply, interesting. What is your opinion?
Lots of conflicting views on the US markets John - this article from HL is quite interesting regarding the CAPE ratio for the S&P and the 10yr Treasury Yields:
https://www.hl.co.uk/news/articles/is-the-us-stock-market-in-a-bubble
Some doom-mongers such as Wall Street macro analyst David Hunter are predicting a market crash of between 60% and 80% this year. On a positive note, he is quite bullish on commodities, especially metals, leading the way out. Happy days :)
The US markets are somehow higher than they were just before anyone uttered the Covid word, which seems to defy logic and may sharply correct. Despite the fact that the same bullish performance cannot be said of European Markets, if America catches a cold, then so will Europe.
The US markets are down around 2.5% as I write. Cant say I'm not worried, I'm no chartist but in my bones the US market has been looking like a bubble, uninterrupted even by the Democratic victories in the Presidential race and the Senate
Think it will be, wonder if get one more wobble ahead of month end then revert back. Still feel like equities got another 2-3% down day to come but not sure BCN will be in that. Think anything 56-59 is good if we get there but as said not trading it around but will add in there.
Fozdog
Re added 10k at around 60.9p. Was it a good move? Find out tomorrow!