Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Fair play to you Gary....just showing my naivety which is plain to see....live and learn for those in good luck to you...I love winners....if it falls back then I will buy....happy to see those recuperate a bit of their money back....no matter how they are invested...
You did well Gary, at least it looks that way for the moment. My buys were in the 445-447 area and have dropped my b/e price sensibly.
Bucketman you missed it!
Buy when others are fearful.....
I bought some at 3.36 on a CFD
A hair-raising reversal today, Boyo
I've more than I need now, but I've bought some more to reduce my mean entry. Some buying in the 3 hours into the close. Fingers crossed it increases into tomorrow!
I bought these the other week at £3.65 I sold at £3.85...they went to £4+ and thought should of stayed put, a lot of posts on here sort of predicted this slump....thought this morning of buying in again at £3.35...I didn't as just so unsure how they are going to go....I know if they hit £3.50 I will say to myself should of bought again....each day a new low....is £3 possible...who knows but they are so tempting....
I do think sometimes 'being honest about being a bit out of ones depth' is the brightest way forward!!
" I'm not stupid enough to claim expertise"
Haha ...well that in itself makes you smart then :-)
Most of what get from the economics side is pretty high level, but as I say I do try. I'm not stupid enough to claim expertise, but I'm aware at a certain level. And I do keep reading.
Volume has been high as you say Eusebius, I'm watching that. There are also divergences appearing with respect to MACD/RSI/1433 Stochs.
And a lot of algos are passives trading their indexes
This is a traders share with a lot of trades linked to Algos ...algos which are linked to perceived data point changes , which may well have nothing to do with Ocado directly ...eg..the probability of a June FED Cut
Impossible to predict the exact movements of Algo buy/sells
The volume over the past few days (large) is suggestive of a selling climax, for the short term at least.
Stupmy
yes it is very complex ...but the main thing I think is just being aware that these complex things go on and are driving the market movements .... not some .. direct feeling say about Ocado themselves or some other company directly
I am pretty good at speed reading ... picking out the bits that matter ..but the complexity is certainly challenging
From the point of view of OCDO SP, there's no sign of capitulation and no evidence of a bottom yet. I'd actually love to see a capitulation event now to try to draw this fall to a close. Could just turn and bounce though. I'm watching closely.
Is there anything specific you're looking for to mark an end to the slide?
"Biden is I believe retaliating with Tariffs to try to limit this "
China is sending goods/parts to Mexico and finishes them there and then imports the finished product into the US at a fraction of the Tariff that imports directly from China are ....
I do try to learn about some of this stuff Poker (you have the time when you're trading as it's so boring), but I have to say it doesn't come naturally to me and we're about at my max level for the moment. Debt markets seem very complex.
Stumpy
I think the banks are a side issue in this..... the higher 10y yield pushes up the cost of selling US debt to investors , putting more pressure on debt interest ..... and....that could end up with the FED protecting the Yield ..by buying any new debt over a set yield..in order to keep the yield level from surging
A complex situation but obviously linked to the markets perception of stock values .....way above the basic retail investor trying to make a bob or two
Not sure about that Poker, the bond inversion (I think the data I've seen was 20yr vs 2yr) has meant banks are lending less (they borrow at the short end and lend at the long end). When when the short term rates exceed the long term rates then banks can't make a profit on the loans, they have make profit from fees; hence they're more selective in their lending and end up charging higher rates and lending less. So if the longer term securities increased in yield, would that not tend towards correcting the bond inversion, increasing lending (money creation) and thus over time pushing stocks up?
I did read that China is trying to maintain it's factory output and exports to the US and the way they're doing it (in the face of limited demand) is to reduce the price. The impact being to flood the US with cheaper goods (but China doesn't make much or any profit) and undermine the US economy. Biden is I believe retaliating with Tariffs to try to limit this (balance the playing field).
I would say if Israel don't strike Iran today more chance of respite.
Sabbath starts tomorrow night and Passover on Monday when a lot of Israelis have travel plans.
In the past there have been similar sell offs around things that spook retail investors like North Korea worries.
If fear was that much gold (admittedly already at a high) would have been soaring rather than treading water.
I got caught out by COVID but there are times when fear is magnified. That can be a time to pick up bargains but only if you are prepared to be wrong and accept the consequences.
Rather than blaming everyone else and calling for CEOs to be punished.
I think the US are also concerned about the 10yr Treasury yield ...currently 4.6% ..
There are stories that the Chinese are selling their Treasuries to push up the Yield and put pressure on rates and stocks.... not sure about that angle
If the yield went to 4.7 or 4.8 then stocks would be under real pressure
That's interesting because the company I invest in UI Path were buying back their stock
Sangij, the low volume could be related to the fact that US corporates are in a share buyback blackout period (until around Apr 26th), apart from that PI's are stretched to the long side and I guess CTA's haven't yet started dumping a lot of stock to bring the composites down.
I bought today at 342 despite expecting it to drop further because I wanted to own the stock long term more than I wanted to leave cash sitting in savings account.
If there is a serious escalation in the Middle East it will either get sorted or if not it won't matter if money is in savings or stock!
Flatliners can feel your pain. My average is £4.16 and that was bought only a few weeks ago . Nearly sold out on the bounce to nearly £4 last week but thought they were going back up. These daily falls are wearing