George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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OPEC will invite the U.S. oil regulator to take part in the emergency OPEC+ video meeting on Monday, a source involved in the preparation of the meeting told Russian news agency TASS on Friday.
The OPEC+ group of producers will meet online on April 6 to discuss a possible massive production cut of around 10 million bpd, according to several media reports.
However, the OPEC+ coalition would likely want all major producers in the world to take part in a collective cut, including producers such as the United States, Canada, Brazil, or Norway.
On Thursday, OPEC’s top producer and de facto leader Saudi Arabia called for the emergency meeting of OPEC+ and “another group of countries” to try to find “a fair solution” to the current market imbalance, after U.S. President Donald Trump said that he hoped and expected that Saudi Arabia and Russia would “cut back approximately 10 Million Barrels, and maybe substantially more.”
President Trump hasn’t mentioned any involvement of the U.S. in possible cuts, but he is scheduled to meet oil executives later on Friday and over the weekend to discuss the collapse of the oil prices and the subsequent impact on U.S. shale producers.
Should have said...
big meeting Russia Saudi et al this Monday as I said before none of them are gaining anything from the Clown princes antics, face saver for all coming up.
Fuddy duddy atb
Only trades on Friday were by ALGO and off book , off book very much in the majority (end of year bed and breakfast).
Would seem that a lot of shareholders think it is very much worth holding on and ALGO of course continues to accumulate,meanwhile oil continues to strengthen,
big meeting Russia Saudi et al as I said before none of them are gaining anything from the Clown princes antics, face saver for all coming up.
I wasnt talking about you. But Kurgy was correct in anycase
You know Ralph, you are right.... the fact that I am not listening to Kurgy tell me many times a day, for many months that this share is all kinds of Excrement is very dangerous to my investment decisions...I will take if filter immediately. Thank you for the advice...my reply shows that I don't have you filtered.
"Longlost friend in disgu9se" ? Must be the virus
I dont post that often, especially since Nigoil was rightfully banned and none of swallows came through of course.
Interesting they only ban negative posters, a sign of logical dis-function. They can only bare to read ideas that support their own. Dangerous to themselves !
Certainly a dream entry point if you believe PMO & RKH will survive. Robbed of my Lloyds divi so thinking about throwing the towel in there and piling it in here next week when the new ISA year starts. Well, not exactly piling it in as there's not much of it left!
Could not tell you he is on my green list along with Sozzled ....green is very peaceful....stay safe everyone.
Just thought it a little strange as he's been pretty consistent with his negative rather angry outbursts, so why now? I don't recall a particular post of his being flagged up on here as breaking the rules (depending on your level of tolerance to the language) or anyone complaining. Perhaps he finally threw the towel in after the drop to 5p.
Hang on, Ollie seems to have gone too.
When did Kurgan get banned? Just noticed that his posting history has been deleted.
160+ trades according to exchange some 70+ designated as ALGO
accumulation continues
Algo still trading this morning....
0800..........traded 794,000....price 5.50 automatic trade flagged as ALGO
next trade was at 0802 price 6.14 off book (.small trade 798 shares)followed by 5.80 trade again by ALGO
To me it shows Accumulation IMHO
Looks like accumulation
68 trades today 30 of these trades were designated by the exchange as ALGO.
Every picture a they say.
Advantages of Algorithmic Trading
1. Minimize market impact
A large trade can potentially change the market price. Such a trade is known as a distortionary trade because it distorts the market price. In order to avoid such a situation, traders usually open large positions that may move the market in steps.
For example, an investor wanting to buy one million shares in Apple might buy the shares in batches of 1,000 shares. The investor might buy 1,000 shares every five minutes for an hour and then evaluate the impact of the trade on the market price of Apple stocks. If the price remains unchanged, the investor will continue with his purchase. Such a strategy allows the investor to buy Apple shares without increasing the price. However, the strategy comes with two main drawbacks:
If the investor needs to pay a fixed fee for every transaction he makes, the strategy might incur significant transaction costs.
The strategy takes a significant amount of time to complete. In this case, if the investor buys 1,000 shares every five minutes, it would take him just over 83 hours (more than three days) to complete the trade.
A trading algorithm can solve the problem by buying shares and instantly checking if the purchase has had any impact on the market price. It can significantly reduce both the number of transactions needed to complete the trade and also the time taken to complete the trade.
2. Ensures rules-based decision-making
Traders and investors often get swayed by sentiment and emotion and disregard their trading strategies. For example, in the lead-up to the 2008 Global Financial Crisis, financial markets showed signs that a crisis was on the horizon. However, a lot of investors ignored the signs because they were caught up in the “bull market frenzy” of the mid-2000s and didn’t think that a crisis was possible. Algorithms solve the problem by ensuring that all trades adhere to a pre-determined set of rules