Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
The sp is holding up well so far against the drop in OP: https://invst.ly/11mhox
Last time Brent was at $86, at the end of August, the sp was 80p lower.
Looking at OP tonight - I just checked in at 1am before lights out - I think Shel's in for a fair fall tomorrow, which suits me because I'm in buyback mode.
Robina: 'A difficult call but I sold this morning fearing it will drop back further.' ....you should do well given the falling OP but did you sell all in one hit ? 20 or 25% near the top as it's going up is usually my plan and then doubling up if it goes higher than expected.
Nomad: stop losses get used in different ways: traders use them to stop a loss on a buy that they do not expect to fall back - - it's effectively an insurance policy - so it's set very tight. LTH's use them to protect a specific capital level and it's set more loosely to avoid a false trigger. £21.60 sounds really loose to me but perhaps it's at that level because you monitor fairly closely and take control when you see the price falling, so the stop loss is just a final safety net if all else fails? I think I'd be near 2390 if that was my aim.
Interesting point about the Nasdaq (NDX100), Chilting.
When I first checked I couldn’t really see a match but then I rebased the comparison from about a year ago:
https://invst.ly/11m1jm
And that makes today’s sp almost spot-on over that specific period.
So, yes, the macro is about right but OCDO plunged well below during May and then overshot by a huge margin in the summer as the takeover hype took hold.
Bearing in mind that the Autostore news has broken since April and arguably offsets the disappointing retail/M&S news that took the price down in May, there’s scope to argue that today’s sp might be about right. However, that’s about as optimistic as I can get.
As Valueplay says, the last trading update was not as good as some thought so, as you also point out, OCDO may well fall further. My hunch is around 400 but anything is possible in the casino. Let's see if 565 holds.
Despite some support, the green trend did not survive the pressure from blue yesterday. Will the latter continue to dominate and take the price into the 400’s or will there be some levelling out above 530?
https://invst.ly/11lcf6
There are plenty of mixed and conflicting messages about oil supply and pricing currently: recent record levels of production in Texas shale but low inventories in Cushing and cuts in the number of rigs, whilst OPEC+ (including Russia) seek to maintain highest sustainable prices. There is also the seasonal cycle of demand which tends to cause OP to weaken towards the end of a year before picking back up during Q1 of the following year.
Despite the current pull-back, https://invst.ly/11lbdk ,some in the industry have been talking about OP rising above $100. One thing looks fairly certain: OP seems very unlikely to fall below $70 and anything above that represents ‘good times’ as far as Shel is concerned, even if the sp drops back for a while.
For those of us that seek to enhance the income from our Shel holding by top slicing and buying back, the regular cycles in sp of £1 to £2 are an essential and welcome part of investing in the company, providing that the underlying trend continues upward - building steady capital growth. I hadn’t been anticipating such a buyback opportunity prior to the Q3 results but will certainly be watching out for one during this month. https://invst.ly/11lbvx
Correction: June's low was 342 not 330
https://invst.ly/11kmf9
Thanks to Friday’s turnaround, there is just one active positive trend (green) remaining on OCDO’s day chart:
https://invst.ly/11kj3a
It’s not yet established, hence the dashed line, and will need to survive for a while to be taken more seriously.
Meanwhile, the sp did not re-take the 610 support, which is now seen as a resistance level. Unless it does so swiftly, the conventional expectation would be that the price will retreat further, either quickly or by drift, to the next significant support in the region of 527.
It is hard to imagine that there are many investors at below 527 who didn’t take profits during the last two months, so sellers below here may be in increasingly short supply and price strength could depend on how eager the ones who took profits are about re-acquiring. Some may be content, having locked away a profit, to reacquire at upper levels whilst others may seek a better price this time around or quit completely. Many will have the 330 bottom, and their view on the likelihood of revisiting it, in mind. To that extent we are back in the casino - which some would say we never left.
I'm inclined to agree Littleaston.
This Week: OP peaked, so did Shel (but not as much as the others) and then oil and shel fell back to last Friday’s level, with the others 1% up.
https://invst.ly/11kapn
Oil lost its footing on its rising trend during the day but still at a healthy level:
https://invst.ly/11katg
Is the three month oil rally over?
A bit early to say, I think: https://invst.ly/11k4un and winter is on the way....
Ha! My encouraging response was a thinly veiled caution to toll's overly optimistic reaction to yesterday's end of day rise. Despite today's trading chart looking promising, the short-term daily trend, along with the medium and long term trends, is still downwards.
When the Grand Old Duke of York turns to march back up the hill his change of direction will be detected by the fact that he will fail to reach an expected place on his route and his horse will cross a strategically placed lane marker. If he wavers about then this too will be observed and measurable. I obviously haven't been buying OCDO today.
Not yet a breakout on the daily chart but, in terms of a 15’ trading view, a ray of sunshine for the sp this morning: https://invst.ly/11k1zb
On this point from Valueplay: they [OCDO] ‘ve signed with Kroger in the US, so they can sign up with no other grocers in the US.
I assume that’s a mutual deal: Ie Kroger are also bound to use OCDO?
Newdealz asked: ‘Anyone got any thoughts on those gaps up ......’
I covered this yesterday with the following comment in a post where I deliberately avoided mentioning the price because it's all a bit raw here currently:
'…..One issue for me is that Exane’s target price lies at a gap I was concerned about at the time it appeared in June and I don’t think that is entirely coincidental. It’s not a factor I can overlook easily..'
Looking unlikely with 610 broken early on: https://invst.ly/11jjho
ATB caipi !
Shel has started to chase after XOM and the others this morning. The current run is quite exceptional, it’s almost as impressive as the ones we saw back in H1 last year.
https://invst.ly/11jj1n
2750 is now within range, barmy as that notion would have sounded to me a couple of weeks ago.
Valueplay: I think this link will supply some of the information - with a reference to Bethpage NY - that you're looking for:
https://retailtechinnovationhub.com/home/2023/1/16/h-e-b-develops-worlds-most-sophisticated-and-advanced-grocery-store-powered-by-autostore-tech