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Volcano, I have followed plus for years. At first I was great fan , but a couple of years ago , just before the price drop the israeli founders started selling even though the news was good. I think they knew the new regulations on leverage were coming , and when they did the sp fell like a stone. I reduced only to witness sp recovery ! So whilst they are highly profitable I have lost a little trust in the BOD who seem to look after themselves - there was alos a dubious but failed take over. Given market volatility will benefit plus and IGG they will both do well in the short term imv . I have added to IGG but they have failed to sprint forward like plus and I do not know why. Hope that helps and dyor.
Hi Volcano - I was in and out of TLW with the herd this morning - didn't hang around, so there was more to be made but I was happy with my return, good luck to those who stayed in.
My two main trades today were FXPO which I got a 5.6 % return, when I closed out this afternoon.
Regrettably I also plumped for LGEN on the morning drop, and need somewhere around the mid 160's to escape there probably without a profit. Have my finger over the exit button, as I want all my trading funds back to cash before the weekend. So much can happen out there over two days atm, and I'll sleep easier if I'm sitting in cash, ready to go again on Monday.
Looking at your list, I have traded SPT twice in the last couple of months anything around the 190 mark on positive morning should be worth a trade.
HIK tells me how things have changed - I last bought it in Aug 17 @ 1236p - held it for a year and sold in mid Aug 18 @ 1809p. That was of course during an entirely different time for buying and selling where you could buy a decent share, and hold it in your portfolio, and sell it at a time of your choosing. Over the last 18 months I've been buying in and out of GSK as its been nice and spikey - in truth so has HIK, and its on a nice run which is continuing today I see.
I looked at a couple of others you mention but I've so many shares where I know my buy in targets its almost too much for me to get any more websites and rns reports into my little brain.
Good luck with your trading
gla
G
In this corona virus pandemic some of the companies share prices holding up,
and some actually rising for now but how would they do in the long run?
HIK,CMCX,KAPE,SPT,IGG,TCAP and PLUS. Anyone following those companies?
Even if Trump has brokered some sort of deal, 10-15M BOPD is a help but still not enough, the world has dropped of a cliff and it is estimated a reduction of around 20M BOPD is needed on top of that every vessel / tanker and storage facility is full and we now have no where to store it. I agree longterm it is still a very important commodity however today and short term I see it moving lower....
it'll be interesting to see how the after hours EZJ announcement is received by the market tomorrow.
G
oil is fun atm - am still in BP have been for years, was a little thoughtful back on the 18th March, find myself above my average again today.
The game of chicken between SA and the Russians, will need to be resolved.
As to Trumps recent intervention, which provided today's spike, lets hope it's built on a genuine understanding of conversations held.
Let's see what transpires over the coming days.
Clearly any new deal on supply will provide a bounce.
Be handy for a few days silence on this to allow today's rises to drift away. Then an official announcement which would provide another quick trade on any number of oilers.
G
I have looked into Shell and CNE this morning but like i said earlier i did not buy any , as they say who he dares ....
They are - and walking straight through the US jobless numbers.
Not fully tracked which US sectors are flying today but over here its Fossil Fuel Producers and Fossil Fuels and Distribution that's driving the market. Its a very uneven spread through sectors.
https://www.lse.co.uk/share-prices/sectors/
So have US markets priced in unemployment figures, assuming the Monetary and Fiscal measures recently agreed will be sufficient ? Perhaps hope on an Oil truce is also easing concerns today.
G
USA markets are trading higher today ,wow.
Dow 30 21,391.78 +448.27 +2.14%
28 2
S&P 500 2,520.40 +49.90 +2.02%
462 37
Nasdaq 100 7,588.98 +102.69 +1.37%
97 5
Nasdaq 7,467.57 +106.99 +1.45%
1630 529
NYSE Composite 9,954.21 +109.35 +1.11%
And USA pre-market futures just turn red ,
i had too many choices this morning and couldn't make my mind up ,
in the end bought nothing ,some of them are doing very well,
maybe tomorrow.
Wow US initial jobless claims hit 6.6m last week - over all forecast predictions.
G
US Reports due today to cheer us up ! :
Balance of Trade (US) - 13:30:00
Continuing Claims (US) - 13:30:00
Initial Jobless Claims (US) - 13:30:00
Factory Orders (US) - 15:00
G
LONDON, April 2 (Reuters) - Grim predictions and updates of
the human and economic toll the coronavirus is taking around the
globe are keeping markets on edge. As worldwide deaths from the
epidemic top 43,000, European countries from Germany to Italy
are extending their lockdowns, and output numbers on Wednesday
showed factories paralyzed in March with mounting evidence that
the world is sliding into a deep recession. Markets are also
bracing for another set of U.S. jobless numbers due later today,
when claims are expected blow past the previous week's record
3.3 million and climb to new highs, likely reinforcing
economists' views that the longest employment boom in U.S.
history probably ended in March. Talk about talks between Russia
and Saudi Arabia in their oil market turf war provided a glimmer
of hope, lifting crude oil prices some 10%.
Global stocks are treading water after two days of declines.
Bourses in Frankfurt, London and Paris bounced briefly at the
open only to lose their momentum and slip in and out of the red.
U.S. futures point to gains of 1.5% on Wall Street.
FTSE 100 looking better today so far ,more green than red,
5,486.50 +31.93 (0.59%)
2 Apr, 08:08 BST · Disclaimer
Hi Volcano no trading for me today. It was just too volatile though I got very close to picking up a few banking shares at the close to hold overnight for a bounce tomorrow. But in the end I decided to wait and see where the US markets close and gauge sentiment tomorrow.
So many shares down 5 - 10 %. Look like bargains but will they look so attractive tomorrow if we have another red day.
Keep dodging and weaving out there.
Gla
G
I wonder if anyone followed my tips this morning CMC,PLUS and KAPE?
HMG should not have chartered this tax evaders aircraft in the first place, alas bailout sorted now.
Yes the markets are so unstable its hard to say what way it will move, almost a one arm bandit. Talking about airlines i read that Virgin Atlantic are looking for some Gov. cash but are they UK based / pay tax here.? when Branson smells money he is there he is only doing the repatriation as its money in his pocket or Cayman Island Bank ( same really ). He has a cheek asking for money . Anybody agree with me on this. Keep safe everybody.
Yes you are correct Gerry , if this markets volatility goes on for a long period the companies i am looking into are
online trading companies PLUS,CMC,IGG and TCAP and cyber security company KAPE. Who knows.
It's a little choppy out there on the markets this morning - not a single FTSE 100 share in positive territory this morning.
G
22:01
British banks agree to scrap payouts for shareholders
A number of big banks in Britain have agreed to ditch payouts to shareholders in the face of the coronavirus outbreak.
The banks - including NatWest, Santander, Nationwide, the Royal Bank of Scotland, Lloyds, Barclays, HSBC and Standard Chartered - will suspend dividends and share buybacks until the end of the year and cancel outstanding dividends from 2019.
The Bank of England's Prudential Regulation Authority said it also expected banks not to pay any cash bonuses to senior staff.
The PRA said this was a "sensible precautionary step given the unique role that banks need to play in supporting the wider economy through a period of economic disruption.
"We do not expect the capital preserved to be needed by the banks in order to maintain adequate capital positions, but the extra headroom should help the banks support the economy through 2020."