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Liz sacks Grant and then promots him weeks later. What a mess. She needs to take a leaf out of Bidens playbook and sleep for a week. Only way to make money now is sell the £ that's my trade now, below parity here we go.
Looks like fresh lows here. Sometimes you need to take it on the chin and move on. This government is absolute garbage and has turned our economy into a laughing stock. I'm down on about 50% of my longs but have hedged with a short £/$. I know its a crowded trade but if Putin does anything stupid or the lecy goes off.... GLA
This is all turning into a right storm. Ofgem saying could be gas shortage now. New 2 yr fixed mortgage rate average 5.75%. I just shorted £/$ as KK walked out, I need some insurance with all this. GLA might be tin hat October BOE stop buying I think on the 10th?
DRB, I agree, Im long BP and TLW from when oil went negative so I won't be touching them. RIO and BRWM are on my radar at the moment but commodities are holding relatively firmly at the moment. I'm waiting for the baby and bath moment for possible entry. RFX and IBPO are two that I've held for a few years now and should continue to do well in a recession. Ill add to them on any market crash. If pension funds are forced into selling to meet margin calls which could happen there should be some opportunities. I believe there is a lot more pain to come but if you are looking for long term investments drip feeding into this should pay dividends. Will we get a Santa rally this year, got to get through October first :)
DRB this is the short that keeps on giving at the moment for me. The only other short I have is a load of June Lloyds 40 puts which I bought about a month ago as a little insurance policy incase of Armageddon by the government. They are just about at strike already. Are JDWs results next week I'm sure I heard a mention on LBC this morning? I thought it was Nov?
I love the debate on this board. Its so diverse as long as everyone is making money on this turmoil that's all that really matters. I would like to be a fly on the wall when Liz meets Charles for a coffee to explain how her first few weeks have gone :)
Hi, sorry to post this on here but this board is busy with many posters.
Approx 10-12 years ago we had a thread running for people day trading the US market. We used the old Party Poker thred. Does anyone know if there is one operating today? We used it to post signals we spotted or any late buy/sell orders on the closing book?
Sorry to hijack the board
DRB, Ive been short since June increasing position along the way. Results should show £50m loss in November even with energy on pre covid prices. Selling pubs shows a business that's shrinking. I might be wrong but with my early entry and averaging unless a buyout comes if position goes the wrong way I can exit on break even so to me it's a no brainer trade in this environment.