Ftse -65 (5415) All -40 (2958) DJ -366 (21,052) SP -38 (2489) NS -114 (7373) R2 -34 (1052)
Though the mrkts had been lower on a daily basis today was pretty much the last of selling and the 'comeback' for global mrkts started next wk(15). The virus cared little and continued to rampage across borders and Countries for months to come.
US, UK & European mrkts were closed yesterday but several Asian mrkts were open for business.
TK +465 (29,854) SH +18 (3484) SHZ +20 (2262) SK +25 (3113)
On a shortened week REA volumes were as low as I can remember just 10,526 traded shares u/c at 59. Other palms were little moved Anglo (606) up 4, Dkl (4•60) u/c and Mpe (698) up 13. The KLPI fell 55 and runs 3•5% lower ytd.
Cpo slipped $36 on the week to $1094 but ytd averages $1035 ($707). Talk that cpo prices will be coming down in the coming months are yet to materialise. Anyways here's last year bofp quarterly cpo averages as a guide.
DJ +171 (33153) SP +47 (4020) R NS +238 (13,330) R2 +21 (1340) WTI $61•24 10ytb 1•676%
Selected Apple $123 Boeing $253 Carnival $27 Coca Cola $53 Delta $49 Exxon $57 Fbk $299 GE $13 GM $58 JPMC $154 Msoft $242 Moderna $133 Tesla $662
The S&P 500 firmed above 4000 for the first time bouyed by data showing the US Manufacturing Sector expanding at its fastest pace in 38 years. US markets will be closed today.
Will wonders never cease a begrudging penny UP close. Must'nt grumble, volume today saw buys outpacing sells by 1•74:1 on 200,084 bargains. Volume on week c.922,000. Mrkt re-opens on Tuesday after the Easter Holidays. Perhaps this break will be good for Panthera holders and the sp can put the India business to bed once and for all. Have a nice break all.
Jamieston5 one of the bigest bugbears, obstacles pis have to overcome is staying with a stock when the price has gone against you. Many advise to cut your losses and move on but that negates the buy and hold theory most stock market books tell you to do.
The buy and hold is proven to be the most sensible way to invest over practically any time frame you care to name and has been WBs way to the $BNs he has amassed. I'm a buy and hold man, never day trade or short, its the long game for me. Had some good'uns (my best took 12 years!) and two real bad'uns but I'm still here with my hat in the ring!
Not sure I agree with you mickey1122 star786 average cost of 21 when PAT trades at 10•5 doesn't sound perfect to me! That's a lot of ground to make up and for sure its possible if all goes well but you have got to have a deal of scepticism it will ever happen, nice if it does but ***t happens, well to me for sure.
I'm guessing he would have to 'lump on' to get his avc anywhere near 10-11 which likely is prohibitive. I have been down the averaging-down caper before and last time it went catastrophically wrong (Co went bust) so I'm not advising anyone on that score. I'm in at 16'ish with ammo for one last roll of the dice 10 or lower. If not am happy to stick.
Another day another drop, vol was 255,544 today. Buys (180,000) outpacing sells by 2•4:1 shares slipped •50 to 10 bid. Wks vol to date around 695,800 of which buys were c.315,00. Kept my ammo dry today.
Q1 needless to say has been disappointing for holders of PAT the shares down 23 (70%), while Gold bouncing $21 today to ($1708) finished the Q down $194 (10%).
Where we go from here is anyone's guess and for a sustainable recovery in the share price we need good drill results and resource news. Until then we will just drift.