Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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well ive predicted , it wont be £16 by results 2 months back. the problems i see, are , where its running from. are we going below £14 again. as for results. yes the signs look good. very good, but that no certainty of a big rise or breakout. the easy part is getting to £15 + its still, as ever way off that . theres no definite big uptick going forward. id take £15 = b4 year end as things stand. the del boys will no doubt say this time next year , lovely jubbly etc etc, but no one can say what occurs in 20222. the sentiment is down atm . maybe this the big sell off the markets have been predicting for a while. i will top up on the falls. just added a few. so will now wait + see. results still over 5 weeks away, so who knows , what SP will be come the day before results.
Fair point char: £15 has become a symbol that if reached will give a boost to many small shareholders.
I can’t speak for Boyobach but to me the focus of a price or the daily price movements is not good because I’m more likely to be frustrated for not getting where or when I wanted. I always remind myself that the stock market doesn’t know me nor cares let alone what I want. And from experience if I let myself become frustrated then I’m more likely to give up at the wrong time and get out just when it was turning to the direction I was hoping for all along because stock prices move up and down, it always has and it always will.
So I try not to set a price in my head but I use a set of stock prices Up and Down as my own guides, indicators or pointers to tell me the directions the stock price wants to go instead, even then sometimes i get it wrong or it reverses after than I was expecting, then I just remember the old saying “Markets are never wrong but opinions often are”, so I just change my opinion accordingly it’s nothing personal and nothing is 100% correct all the time I’m just reducing the chances of being wrong.
I think anyone who wants to get involved in the stock market should read George Soros’s book “The Alchemy of Finance” and at least read Chapter 1 - Reflexivity in the Stock Market pg 49 or at least watch the YouTube video “George Soros Lecture Series: Financial Markets” to understand it b4 getting involved, i find it really interesting and I learned the 3 market dynamics (the Underlying trend, the Prevailing bias and the Stock price) about the Stock Market and helps me to understand it a bit. I’ve learned that the Stock price consists and reflects the other two, for example when the diverge then there’s more volatility because there’s a battle of the two groups that goes on, but when they converge then that’s when the momentum is so obvious either to the upside or downside just like it did last year with RDS or the stock market in general, the underlying trend and prevailing bias were both negative. Well I find it useful IMHO
Very surprising if RDSB is not above £16.00p around the time of the results & the genie usually comes out of the bottle over Christmas anyway.
The Q3 results will be off the map - with gas probing new levels we look like being cold (supply issues) but wealthy. Brent looks like being $70+ throughout the quarter. Add to this the world getting on top of the virus, with virus variants being met with vaccine modifications & we are looking at returning demand dynamics and a much rosier picture overall:
https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&areas=can&areas=chn&areas=ind&cumulative=1&doses=total&populationAdjusted=1
A great background for lifting the dividend and buy-backs further.
As ever you make some great points. Always considered + a different prospective. Along with poker chips they are always add something. Yes , I know, unlike mine. But here I think you miss the salient point. £15 has become a symbol that if reached will give a boost to many small shareholders. Plus add hope going forward that the worst is behind us + b4 year end & 2022 the SP can give us some much needed relief . I'd love to see £16 b4 year end, even £15 25.
Question for those who are so keen for the sp to get over £15: What’s the hurry?
If it gets there this coming week, would you sell immediately?
Or do you expect it to break upwards without slipping back? - in which case selling might not be the best move and you could find yourself in a dilemma.
With the possibility of a peak well exceeding £15 post Q3 results in November, would now be a good time to sell? RDS has been known to cycle down to bottom within a fortnight but then again….. It might just be less stressful if it simply ticks over for a month.
https://invst.ly/w2b9o
£15 would be nice. cant see £16 now before results. talk is now of a sell off in usa. i will top up again if it falls from here. weve been here so many times .
Another disappointing day!
Wtf happened?
Dissapointing close today
Last March when the oil price was around $65, RDSB was above £15. So it might even go beyond £16, IMO.
Totally agree.
Fifteen hundred plus …sigh!
Break that 1500 then we are in business. Been a sticking point since covid began.