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Live comments on BBC
Iran does not want matter to escalate'
Dr Lina Khatib, an associate fellow at Chatham House, has told BBC Radio 5 Live that Iran’s attack was “meant to be a kind of spectacle that Iran wanted the world to witness”.
Dr Khatib, who is currently in Lebanon, has said it was “highly choreographed” and “actually quite limited”.
She referenced Iran issuing a statement that it considered the retaliation “computed” before the drones reached their targets in Israel.
“So this shows that Iran just wanted to send a very strong message, to save face, so that it is seen as having responded directly to Israel, but at the same time it definitely does not want the matter to escalate any further.”
Hope that is the reason bw but that is one hell of a sudden drop ? If your selling seven million shares would that not be via a a requested warning so I gradual drop ??? Bwtfdik
War is always stupid as anyone who has ever been involved will testify.. Hopefully the Iranian actions will lead to a calming of rhetoric as is being touted by the yanks.
As for the SP action late friday it would appear a large holder sold a large amount of shares and there could be many many reasons for this.. it happens! We will see over the next few days if it’s anything more than this but I don’t think the unfortunate events in the Middle East will have much impact on BUR or the broader market .. if it stays quiet it will probably be viewed as a positive.
FFC I also try not to be political here or make things personal like some other amateur posters here, who can’t take bad news. It was a tense night for me, looks like just one minor injury from them 300 attacks, poor 7yr old girl. I’m very confident Israel won’t let this go! If these rockets got through though, it would be WW3.
Let’s pray things calm down.
Emotions aside, unfortunately this is an opportunity to make a lot of money from market reactions. You can bet a lot of stocks will be shorted on the news.
Oil and defence stocks UP
Airlines down and others.
Sorry I did mean to add , I’m not so sure that the. Sp will prove to be volatile over the next few days but I would seriously reconsider stop losses right now ! I know some see a stop loss as some kind of protection but they can be very costly imo ???????
If burfords share price takes a hit in this process it has happened at a time when people ( myself included) are wanting to place this years isa allowance! I personally wish is was another misplaced short attack that caused a fall , it is so depressing to see what’s going on re Israel - Iran ( when will civilisation learn ) I’m very glad this board doesn’t get distracted by other topics so I’m not trying to set a discussion about it all , sadly we may well profit from this but I’m not comfortable so I will probably disappear until petersen news or full year results whichever comes first ? Though not holding me breath re petersen
GLA
Iran launches massive missile and drone attack on Israel. US & UK involved shooting them down. Country’s are closing Air space in the area.
Will look to maximum any drop once dust settles. Could be a rough ride for the markets. I usually add to oil stocks in such times.
The chart suggested a pull back and heightened tensions with Iran have been in the cards for a while. The signs were there, this is why posters with different opinions and views are important on a board.
Good luck all.
Hi JammyC
As to the Q before Preska, perhaps the doc/info that BUR wants to include (but keep confidential) and ARG wants to exclude (and make public) is something that is useful to BUR (legally) and to ARG current Govt (politically).
What might that be ?
Perhaps it's the dubious circumstances/transaction detail surrounding prev Govt role in the YPF saga : say, from BUR's POV, something that may cast the Defendants in a bad light (morally, etc), but doesn't imperil their legal position, but which for Milei's Govt- if publicised- could neutralize/discredit the prev Govt / Kirchner et al opposition to any eventual attempt at settlement.
In other words, ARG/Milei may be trying to gain political points domestically (by disclosure of doc contents now), whilst still opposing the docs' admission in evidence (esp.if they recognise that the contents won't help ARG legally).
Whatever, the US stock market seems relatively sanguine : GGAL closing only fractionally down at $29.60 and YPF @ $ 21.17, both favourable compared to the wider market, FWLIW.
GLA
ADVFN
Blue board?
Thanks Jammy , yes can always be a multitude of reasons ! I’ve seen that on the blue board so I’ll be watching closely on Monday for sure
I don't think it can all be attributed to macro events. Seb has posted...
“What's happening in Preska's court is very interesting.
On April 1st, judgment creditors submitted a motion under seal. We can see this event in the docket but we don't have access to it. YPF and Argentina oppose this document being filed under seal and want the judge to unseal it. Judge Preska will soon decide whether to lift the confidentiality order.
However, on May 16th, Argentina will submit a document opposing the content of the aforementioned document (but wants the discussion to be seen by the public).”
It would seem YPF related to me. Wish I'd sold my full trading pot (and more) but heyho. I'll be watching and awaiting more info before buying the trading shares back.
Tbh whilst it was a large drop it’s still equivalent to a healthy £12.13
Spot on BBH but it’s been lovely watching us climb and hold as long as it has. It will be an interesting few days ahead ! Do u buy more on a drop Monday morning in case nyse shoot back up quickly? Or wait to see if we continue to fall ?? Interesting ? I think I’ll let the dust settle for a few days probably
Pull back seems to be in progress. It was on the turn before the big sell off in US. Wait for Monday, the Iran situation is also making investors jittery.
Could see a significant drop in markets with this Middle East problem
Well thats your opinion, and that’s fine with me I respect it. I really have no reason to lie my friend.
I was always awful at roulette, just put my money all on red or back. Unfortunately I have the habit of investing the same way, and either all in or all out, but to take the risk away I do my research. I spoke to a fund manager recently, he said. The people who make the largest gains are those who invest vast sums in single stocks, which is one of the most frustrating things of being a fund manager, as they can’t have more that 10% usually in a single stock and have to sell on a gain. The other thing he said was those investors that go against the grain.
I invested vast sums here, after muddy water. Again believe it or not but a few know this to be true as they have been on the same journey. But I’m sure you will believe this to be untrue to! Looks to me you have trust issues and you’re a rather glass half empty character.
Thinking we have big bid investors from Middle East so maybe…,..
TWT … credibility gone I’m afraid
I completely sold out at high yesterday. Was just so happy with the profit I didn’t care if it went up any further. It had to start dropping.
I think it will turn to a bear market for a few weeks if Iran do attack, even worse if US now step in. We could see a huge sell
off.
I will still slowly buy back in to BUR though.
Think I will buy a BTC with profit, as supply is reducing and there is a limited amount. Now SEC approved it, will become the digital version of gold.
Also took a little off the table but at 13.12. Can't say I'm chuffed though without knowing the reason!
Twt,
Took some off the table at £12.50 as I thought a pull back was inevitable. Mixed feeling for me. Who knows where the SP will go next???
Well chuffed, long time coming this drop.
JammyC,
Possibly, threats of Iranian retaliation against Israel once again sparked a selloff in stocks.
Market spooked.
https://www.marketwatch.com/story/iran-israel-fears-sink-stocks-as-traders-rush-to-gold-treasury-bonds-370e6675?mod=markets
Typo- some news
Fake out or is there done news?