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Trading update mid January is the next point of interest for me. I dont think teh nuclear sale will be completed until end Q1 next year - too many regulatory hoops to jumop through before completion.
I too am wary of the 8% shorts.
I sold and took profits this morning, more because of Xmas ...I want to buy back in, butwill watch where this goes now
Has dropped to 380p but then recovered back to 390p+...so...who knows....the fact that there are still 8% shorts made me wary.
What will the nuclear sale do for the SP in Jan ?
This one just cant seem to hold the high ground. Again a significant downward move from mid afternoon which always seems to follow a reasonable tick up in the morning. High selling volume today as well.
Overall though its better than it has been for a few weeks although somewhat surprised the shorts are still sitting at 8%. Must admit I really dont undertstand the whole shorting thing!!
probably some selling this morning on the back of Petrofac Trading Update in which they noted that they had seen delays in bidding processes in their H2
PC looks like NCM might have added another 500k worth of shares to their short position... I don't know if that will have a massive effect on the prics.. I hope it moves up another few percent tomorrow.
I topped sliced this afternoon at 393p , after a good 25% increase from the lows.
NCM have slightly increased their short, so they will no doubt want to sell those into the recent gains
Still 8% shorts (over 5%) despite that decent climb
Interesting
I dont read the Torygraph ...so cant give much detail ..as it is a premium subscription article
https://www.telegraph.co.uk/business/2019/12/14/wood-group-chief-2bn-takeover-rival-amecyou-cant-do-deal-size/
Those after market reported "buys" are all XOFF Off Book block deal trades done off market and the times are only the reported times , not the trade times...so..impossible to know whether they pushed the price up or down...
May have even been US or European clients traded off the London market and reported late...as they are marked as XOFF
PC some great big buys today ...what do you think?.
Phase 1 Trade Deal :
"The reported agreement is noteworthy both for its modesty and for how long it took to achieve Stephen Olson"
“These represent some of the lowest hanging fruits in the negotiation, and some of which would have been discussed earlier in the year,” added Tai Hui, chief Asia market strategist at JP Morgan Asset Management.
“The future stages of negotiation is going to be much more challenging when it starts to involve China’s industrial policy and technological development.”
https://www.scmp.com/economy/china-economy/article/3042069/trade-war-breakthrough-us-and-china-reach-phase-one-deal
well if fatty tweet boy stops tweeting it might. I think oil will need to hit 66-68 for this to move to 450 IMHO..
Dark_Knight2020
Really cant see this hitting 420-450 regardless of oil price movement in the right direction. I would love for you to prove me wrong but ......
hopefully Monday it will hit 420-450 if oil has a good run.
Always volatile movements over the last few months. Thats why I said lets see where it settles today. Having said all that its moving in the right direction this week so not complaining.
unreal goes up to 4£ and now back to 373... crazy. With the trade deal getting done I hope this moves back to 450 plus..
Will be interesting to see where this settles today and how the shorters raect
OK..back to 380p...and those shorters still have a lot to close on....
......Interesting
yes drop down to 314p last week and i was thinking maybe will test £3 pound but 320p is not bad entry.. very volatile and is short positions are bit high .
Dow jumps 100 points after Trump says US is ‘getting very close to a big deal with China
Trump teaser ..and this hits 360p ...you go girl !!
D_K
" If bojo the clown wins then the pound will shoot up "
I think that is largely priced in, with regards sterling....so..I think there would be some small uptick in sterling but..I wouldnt say "shoot up" ...the shorters have largely closed/reduced their shorts already , in recent weeks
If Labour wins then sterling would ..I reckon ..lose at least 2-3 cents on the euro and dollar...losing some of the gains built in the last week or so
Market crash....
Well..I think what really matters is how the market looks on say Monday evening...after the weekend and after a Monday trading.....when the emotion of Friday has settled ...because.... if Labour wins ..then..they are not going to install Policy over night....it is a long , road ahead ... their first budget isnt until 05th February 2020 ...so there will be plenty to assess before then.. and any idea that they are suddenly going to renationalise anything is nonsense...so much detail to sort out
And of course ..they would have Brexit to deal with as a priority ....nobody can seriously believe they would start all these ideas at the same time ....even they wouldnt be that daft
The market will certainly react...plenty of stop losses set up, no doubt ....but...the FTSE 250 may well see more reaction than the FTSE 100
As I say..I will let the emotion of Friday pass...and wait until next week before I decide anything
Labour are very unlikely to get a majority ... but ..never say never... I guess .....
PC do you think if on the surprise chance if commy Corbyn gets in with the SNP the market will crash ? If bojo the clown wins then the pound will shoot up
OK..350p...now things are looking a bit more sensible.... but this really needs to get back within that 370-380p area, indeed if the oil price can show some continued strength now that OPEC+ has declared the output cuts
Let's see WTI hold at $60 and Brent at $65 as a baseline
340p lovely jubbly ...keep going. .....It was seriously taking the p*ss at 314p...any one would rate a "buy" when around that price
Upgrade by Citi to "buy" today had this moving in the opposite direction from the market
Going to be a bumpy couple of days I think - lots of unravelling with General Election polls affecting the pound and Trumps potential for yet more tarrifs