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Started: scoopusave, 20 May 2024 15:04
Last post: Kpa1, Today 00:13
Hey DT your boo fan club are convinced you are banned...
Goes with the territory lads, gotta be in it to win it.
Does get quite addictive though, pressing the 'sold, relax' button is a tough decision, sometimes hader than the 'buy, tremble' button.
Stocks?....phewww,they can be frigging stressfull at time....especially if your top heavy,in something.
Day ...no really it was stressful looking back greed kept me going ...
Oh go on Billy admit it, like the rest of us you enjoyed the rollar coaster :)
Until it fell off the tracks mind and had a proper wobble.
Kept us all on our toes.
But agree, far easier on the nerves to be on the sidelines
Last post: johnhume, 22 May 2024 18:57
Doomster,
one thing is certain - when you predict a fall in ANY SP the direct opposite happens. I may well take a punt on this based on your rejection.
Doomster (U Duggie to the uninformed)
Is it not a bit rich for you to lampoon DT on the Glen. only a fraction of your IPO price of 530P. Are you not the only one on the LSE board that enjoys a perfect negative correlation with the market - holder of 2 FTSE Dogs etc.
- did you not post throughout 2020 that your favourite Airline stocks to be IAG and EJet with Ryanair to be liquidated by march 2021. Still awaiting an answer to my query as to why Ryanair's market capitalisation is DOUBLE the COMBINED market value of IAG and E Jet.
- When Boo sp fell to 400p in 2020 you predicted an immediate recovery to 500p. In FACT whenever SP fell( which was continuous) you always predicted a greater recovery. You are the one who laughed at DT when he predicted BOO would fall to 50p when prevailing sp was 70p. Similarly, when he prediced fall to 30p when prevailing price was 50p-all FACT.
- You are the one who in 2020 predicted the collapse of both Irish Banks, BIRG and AIB. Still awaiting a response to my query how both banks have grown 850% and 600% respectively since. You also scoffed at myself when I predicted back in september 2023 a SP of between 10.50/11 for BIRG in the 1st qtr of 2024. Still awaiting a response to my query how come they recently traded at 10.75 . You will also recall that when you praised BIRG back in 5/2023 I posted this to be the death knell of BIRG and they proceed to fall well over 20%. Throwing stones in G'houses comes to mind.
You are a beaut.
Looks very tippy now. The big question is will GLEN get back to its IPO price of 13 years ago of (IIRC) 530p? Yes folks THIRTEEN YEARS for this turkey. I wish all shareholders good luck but personally I’m waiting for the inevitable dip to around 400p before I’m buying back here.
Unbelievable
Glad to be of some use to you Growup.
Clearly you dislike the company very much, especially after reading through your history, which i suggest all serious holders on here read to understand your agenda. So my question to you would naturally be, why is this the only board you ever post on? and all negatively at that.
Its certainly not because you think highly of the company nor its prospects, nor seem to have much of a handle on the fabelled art of charting, considering the sp is nowhere near your 420's "all day long" assurance. Strange this for an ex city lawyer to be wasting his time on.
All imho of course.
Started: billybigwig, 17 May 2024 15:39
Last post: Scott1k, 22 May 2024 08:42
DT yes indeed. i'm holding 260 might reduce to 100 til after results tonight , those US traders are a fickle lot,
Or just tuff it out . not decided yet, good luck my friend.
Another good day for you over the pond Scott, nice one.
Sjw, you don't know when to sell ,ooh what a Delamere, how many Glencoe do you own Sj,?
Billy is the Godfather of Glen, top respect for the man, says it as it is... he's been on hear as long as I've followed it. My problem is I have bought Glen a few times over the years, but never sold.. I have developed this attachment to them and can't press the button...
Billy is your chart man and he sold on Friday,
Started: GrowUp, 20 May 2024 17:31
Last post: BilboMultiBaggin, 20 May 2024 22:32
I’m looking to close my trading pot at anything over £5.10, ideally 10% from £ 4.66, so £5.14 but i push the button early sometimes.
Not fussed if it dips in and out the ££4sss again… but I will bail early if we have a close below £5
Just looked at the 10 year chart for copper. Is the completely anomalous, essentially vertical rise since Feb that a 10 year chart exposes it to be a bubble and now an obvious overshoot? Or has the market just suddenly seen the unstoppable future? Looked at another way, if you expand the chart just another few years we are really only just climbing back past pre-crash prices, inflation adjusted. Hmmm. What to do.
Started: eviking, 20 May 2024 18:53
Last post: eviking, 20 May 2024 18:53
Started: scoopusave, 20 May 2024 14:59
Last post: scoopusave, 20 May 2024 14:59
4.56!!
Started: GrowUp, 14 May 2024 20:22
Last post: Scott1k, 17 May 2024 13:41
Consolidation, think they call it DT, .$29 yesturday.dont know how )) buy the dip if it drops back.
Taking a breather Scott
Superb Scott, nice one. Hope that keeps up for you :)
Shame old glenda dropped her handbag and went the wrong way after such a positive start today, must have been reading the doom posted on here. Ahhh well
6k today DT. :)
As i said previously, "The 'market' is a fickle beast and oft not related to anything at all"
Over analysising and looking for a specific reason for every little drop rise or wobble or opinion is often pointless.
Market does what the market does
Started: scoopusave, 17 May 2024 12:10
Last post: scoopusave, 17 May 2024 12:10
HSBC - Glen price target £4.10 - what planet are they on!!!!
Started: GrowUp, 15 May 2024 15:11
Last post: BilboMultiBaggin, 15 May 2024 17:05
I disagree grow up
Glen is not a one trick pony, you seem to be giving us that impression .
From my experience the real money behind the sp movement. Are mostly bots using a simple algorithm
If you watch those closing prices carefully Glen will always point in the direction she is going before she gets there
I stick by my comments and my trade made last month @£4.66
A close below £4.50 and my trade will have failed. But
Even then I believe I would still be able to close out in the £4.60s
Just my opinion
Just a few points to reply to the replies since my last post. I was not complaining about GLEN.L rising, nor did I need a long philosophical musing from someone who as best I can see looking at his 12 000 + posts on this site usually trades in pithy personal insults. I did not say people were not free to voice opinions, I said expressly the opposite. I just said if you are going to get personal maybe at least offer some useful justification.
I am also not thick, I am a former City solicitor. I understand the GLEN.L share price is not some legally mandated proxy for the copper price. For a long time though you could pretty much trade it as such. Since early April the sp has often behaved erratically vs copper, other rising commodity prices and other factors/indicators against which you would normally track it. The last 3 days are the perfect example - copper up sharply on Monday and up again today (also nickel, PGMs etc), GLEN.L down Monday and negative again now today. Yesterday, copper off sharply and the market broadly flat, GLEN.L up 3.6%. The chart pattern since the start of April to my mind also has a number of anomalies in it.
Jondoyogi, I am well aware I said people topping up on 3 May were asking for trouble, I acknowledged so yesterday. Again I stand by what I said, good luck to you for buying then. Because I have watched GLEN.L shed 20% out of nowhere so many times, because by then it had risen well over 20% since it bottomed in April which is usually a sign of pending trouble and the chart said it had fully tipped over that day. There was also yet more negative company news that day. I came back yesterday: a. to try to get this board back to serving its intended function; and b. because what looked to me like a certain re-trace then down to the 420s has instead been followed by a wild upswing out of nowhere starting last week, plus constant daily disconnects from wider market movements, commodity prices etc.. No one it seems can offer anything meaningful on what is going on. Same way broadly no one has been bragging about having called this share correctly pretty much since it turned in late February when again there was frankly no reason then to think it was done falling - because I suspect just about no one has, apart from Jondoyogi who nailed his colours to the mast a couple of weeks ago.
Again, anyone want to offer views on where this is going from here and why? (Ade1234 says it has topped. Ade 1234 also said on 22 Feb it was going to 300 - 350 soon and then would drop further from there.) Is it going to get to 5.00, is it going to push on past there? Or is it going to follow the usual May rule? Today seems a bad sign to me - again here we go, now falling like a stone and down 2.5% intra-day, down against rising commodity prices and the market. Etc. WTF
Sorry Grow up old friend, there me thinking you told to stfu about nvda, no worries, always good to chat. :)
Scott1k, I am referring in my posts to LME copper (most people do when discussing copper prices), it is up again today over 1%, it was over 10 350 this morning. You don't follow copper closely but it seems very expensive? I assume you are being facetious?
(If not, the rise in copper this year and whether it is overbought at this point or just getting started is probably one of the major investment topics going around, hence my posts about why GLEN.L is behaving as it is and where it might be headed next.)
Not sue why you are telling me to grow up. I have got this board discussing GLEN.L again. Seems pretty useful grown up stuff to me.
Started: GrowUp, 15 May 2024 15:13
Last post: Scott1k, 15 May 2024 15:17
Haha Grow up Grow up. bet you've heard that before. :}}}
Well said
FFS, stop bragging about f*cking Nvidia on this board.
Started: Wayzgoose, 14 May 2024 23:02
Last post: Wayzgoose, 14 May 2024 23:02
Copper price $4.91, hit $5.02 earlier! $5 was a record price according to Forexlive.
Glencore price is going to fly if copper stays at this level. Do I dare buy more? Probably, see what entry price is tomorrow!
Last post: Ade1234, 14 May 2024 21:37
At the top people, Copper is way oversold now.
Oil price trend view......https://www.youtube.com/watch?v=B6ix5QQqZdE
Last post: Daytradenovice, 14 May 2024 14:56
Noclue
Please post more, this isnt rising fast enough after your deramp.
Uncle_Doug
Posts: 2,829
Price: 460.70
No Opinion
RE: Top up8 May 2024 18:34
I'm waiting for sub 400 for another smash and grab trade here. Worked well in the past.
Free opinion boards KP, my time is my own, availible to use as i myself wish..
Agree Scott
So Daytradenovice apparently bought HSBA when it went below 600 but forgot to tell anyone on LSE. LOL.
Millionaires do not spend night and day on here..... won't be long before DT sticks his nose in if he can get off the boo bb for 5 minutes out of 24 hours
Last post: Ade1234, 11 May 2024 11:10
Caught holding the baby. Its great day trading this, until it starts falling again back to £4
Started: saigonsally, 9 May 2024 17:15
Last post: saigonsally, 9 May 2024 17:15
Https://archive.ph/FMv3M
well considered and balanced article. Makes a bid seem not such a bad idea.
To Jondoyogi and anyone else thinking this share looks like a top up buy at this point you must be nuts, surely? Per s.j.w's comment on this board on 29.04 this share is plainly run as a commodity by those in the know, for constant 20% swings (or often worse to the downside). Stand by now for the next dump.
The movement in the sp in the three weeks since 12 April has had the distinct feel either of repeated manipulation positioning it for such - or people inside the bubble knowing something we don’t but which also points to the same outcome pending.
Since the high of 4.86 on 12.04.24 copper has continued to rise, by around 6% even allowing for the pull back earlier this week (which has reversed substantially today). Iron ore has been rising steadily. Ditto nickel etc.. Yet GLEN.L has fallen 6.4%.
There have been multiple days when the market has risen significantly and GLEN.L has been flat or down, often amongst the worst few stocks on the index and even as other commodity stocks rose. E.g. 22.04 - FTSE up around 1.75%, GLEN.L flat. Same last Friday - FTSE up 0.75%, copper still rising, GLEN.L flat again.
Then this week it finally falls over fully. Tuesday it overreacts to the pull back in copper on the day, having not followed copper up repeatedly since 12.04. Yesterday - even allowing for the fact that it went ex-distribution (of whatever trivial remnant of one is left at this point) – it underperformed the market yet again, by over 1%. Then today, the last straw. Copper back up by 1.5%, market up 0.5% and down it goes once more, this time finally breaking through the April 5 level.
Worse, right on cue when you just cannot see what could possibly produce another such down day, we now get the AAL.L bid rumour being fully aired. (On which AAL.L rose nearly 5% this morning then collapsed vertically this afternoon.)
Add all this up and anyone betting against this falling back at least into the 420s promptly after today would have to be very brave. Hence why I am posting, which I do very infrequently.
PS - Obviously before you touch this share you now also need to factor in the other piece of choice dogsh*t that dropped this week. We now learn (what a surprise) that the supposed grand saviour of the share – spinning out the coal assets post-Teck so that that valuation millstone is lifted – is apparently now opposed by major shareholders.
So Teck in the end is apparently going to result in GLEN.L actually substantially increasing it ongoing exposure to coal! Brilliant, so it becomes permanently uninvestible for many institutional shareholders; i.e. it likely causes a permanent re-rating of the sp downwards.
The current shareholders apparently just want the company run as a cash cow, taking fat cash payouts on the coal. Err, while their capital slowly disappears, trapped in a share that no one else will touch?? And good luck with milking the cow. The distribution has just been slashed,
Started: eviking, 30 Apr 2024 00:11
Last post: Selangore, 3 May 2024 13:44
Eviking.
Any views on what will happen to the sp when the company stops buying Russian coal?
I am not one of the largest shareholders, so they did not ask my opinion :) , but I am easy on this matter. If woke still rules, then the split companies can do better separately, and I will hold both, but I would prefer one conglomerate.
Several of Glencore Plc’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt.
Glencore, the world’s largest shipper of thermal coal with a market capitalization of about $73 billion, had said it intended to spin the business off within two years of closing a deal to buy the steelmaking coal assets of Teck Resources Ltd.
But major Glencore shareholders believe that the company would be better off retaining its coal business, the people said, asking not to be identified because the information is private. The company’s largest shareholders are former Chief Executive Officer Ivan Glasenberg, the Qatar Investment Authority, and BlackRock Inc.
Glencore’s coal business is one of its most profitable units, driving record returns in recent years, and the plan to exit coal and list a new company in New York represented a major strategic pivot under current boss Gary Nagle. The company had long resisted pressure to follow rivals in exiting the business, arguing that the world still needed the dirtiest fuel and that it was more responsible to run the mines itself than sell them.
Started: saigonsally, 3 May 2024 08:22
Last post: Trouts, 3 May 2024 11:08
The debt is already pretty high at over 80% debt to equity ratio. I'm not completely comfortable them taking on more debt at this time, so I'm thinking of ducking out for a while. Decisions, decisions...
Dont particularly follow Ade's doom mongering but i do wish old glenda would get this Teck issue all sorted signed sesled paid and done before opening the wallet and potentially spending more on any additional purchases.
Not got a particularly good track record when buying expansion, so rather hoping the Teck purchase can reverse that history, although i do think Anglos a good fit longer term, must not today.
That's drivel, Ade, sorry to say. Happy to top up if that happens again!!
Buying Teck costs money, but we get an asset. An investment for the future.
Glen should be trading at around £4 or just under based on last results. So £450pp is high still due to the Copper bounce.
And if they buy Anglo American this will cost loads and Anglo are struggling ATM.
Started: TerryM1, 30 Apr 2024 10:26
Last post: TerryM1, 30 Apr 2024 10:26
Last post: Daytradenovice, 29 Apr 2024 20:15
Ftse needs a rocket under it lads.
Us markets like Dodge Charger
UK like a Ford Pop
S,j, In the last 12months the ftse has risen by 4.5% (383) points
The Nasdaq has risen 30.90 % ( 3,773) points .
S,j, The FTSE should be be up in the 1200s to be compared anything like the Nasdaq,:)
I agree Glencore share price, feels like its controlled for the purpose of trading like a commodity, guess this is what Glencores all about.
The Ftse year to date, Is higher % gain than the Nàsdàq 100, S&P, BSE India, China 300 China. Reported in a article this morning on AJ BELL at 9.57AM 2 hours ago. Click on & have a read, no need to log in or have account. ?
Started: s.j.w, 24 Apr 2024 23:27
Last post: Troajan, 26 Apr 2024 20:57
Copper .....https://www.youtube.com/watch?v=MV9_8K494rY
BHP are making the offer on the condition AA get rid of their platinum interests 1st,not an easy disposal since the business is loss making & platinum is at record lows.
About 2 years ago, there was more than a whisper of BHP making an approach on GLEN.
NEWMONT completed the NEWCREST takeover a whiles back, all the M& A activity certainly tells us that it's the sector to be in for the next bull run in metals.
The offers been confirmed.
Will this M& A talk mergers between these 2, fire up stocks in our sector ?
Started: s.j.w, 25 Apr 2024 10:33
Last post: Daytradenovice, 26 Apr 2024 17:47
Dread Glendas production reports, almost all production outputs tend to decline with each one, does it time after time. Fingers crossed for a reversal in trend with the next one.
Thanks Jan
30/04/2024 ……..Glencore First Quarter Production Report 2024
When report
S.J.W, I believe we get an update on trading division relating to guidance targets, i.e upper or lower end of guidance range, but no numbers.
Production numbers tend to disappoint as they are tempered with words such as, strike,floods, power cuts, etc....but the recent metals surge will lift the EPS and share price. NEWMONT (gold miner) share price rose 12% yesterday on a quarterly jump in EPS, after the 3 x previous negative EPS quarterly results. Shame I sold mine a few weeks ago when gold peaked, but copper is still rising.....plenty to look forward to here, EVR update, rising metal prices and they may even look at a special dividend if metal prices stay at these elevated levels.
Started: Ade1234, 24 Apr 2024 16:27
Last post: fromage, 24 Apr 2024 21:31
Everything SHOULD be at record highs, that is what inflation means. Exaggerated by terrible government creating sterling drop.
Record high F100 ? Weak sterling
Explain, I keep hearing about cost of living and no-one as got much money. But why are house prices at record highs and the F100 also?