Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
its called " shorting " happens to countless stocks for no apparent reason sometimes
by 1% , had a buy booked at the 200 day early last week , doubt it retests it now
ive a buy booked at the 200 day myself , havent been in it for months now
while we probably drop back under £1.90 , i think this has to be seen as great value long term , this stock is not comparable to the likes of easyjet which has obvious challenges and barriers facing it right now and operates in a much more volatile sector , telecoms like other utilities are long term about as stable as you can get , at worst , vodafone could be treated like a high yielding bond
i dont really see why european banks should go that much higher , the ECB is going the opposite way of the FED , low interest rates are bad for banks
yesterday the stock was trading more than 50% below its yearly high which was set around last june , the stock was in a downtrend for months , plenty of companies are doing very well right now yet their SP has been clobbered disney produced great results last night yet is down 5% today having closed at a near fifty two week low yesterday , its rare for a stock to soar off earnings when the stock was at a fifty two week low , as i said earlier , huge short squeeze with kappa , stocks often need to test lows again before they find a bottom so i think the stock will still be available under twenty euro in the coming few weeks , its fifty day is still under its two hundred , techincally , it might not be ready to sail up
When a stock is at twelve month lows heading into earnings, its usually a sign of further downside , looks like a lot of shorts got burned today
smurfit is in a cyclical industry and that industry is in a serious bear market globally , i assumed it would join the rout , i expected it to go to 15 euro as that was the low around july of 2014 , smurfit was well down long before this current market rout thought it was more than shorting , this massive jump today may be no more than a short squeeze , i might well get another chance to buy where i sold
I sold yesterday like an idiot having bought two tranches @ 21.90 + 19.90, thought it would be 15 today , obviously a huge short squeeze this morning , this stock had been on a down trend for several months so things looked bearish
the irish market has held out from the global rout for a very long time , were it to roll over , the drops would be huge as its a very small illiquid market which is dominated by american money , smurfit could easily halve from here if earnings are not bright , the purchase in brazil will weigh on SP , anything brazil related is toxic right now , stock is not expensive overall but its anything but a recession proof sector
constant selling
those brokers are nothing but paid shills , citi group dropped below $40 today on the nyse , its had a $60 PT for about three years now , most price targets are meaningless , dont know if anyone follows GOPRO , it still have an average PT in the thirties
deal was agreed upon nearly a year ago , had shell known the price of oil would be down another 50% , i seriously doubt they would have agreed those terms if shell dumps this deal now , the share price will go up by a very significant amount , of all the majors , shell is down by far the most in the past year ( bp , exxon , chevron , total )
dont own any physical shares but i bought five hundred quid worth of december calls yesterday , imagine how much of an idiot i feel today
the market hates the deal as shell paid far too much for BG , if it looked like the deal had not enough support , the share price would be up