Member Info for JohnLewis79

Asia is led up by Chinese mrkts the SHCOMP & SHENZ up over 3% & 2%, the others flat. Japans trade slumped 26% in June and the country is mired in recession. Corporate earnings and the US jobless nos will be the highlights this week.
At 2:30 JST
TK -15
HK +61
SH +89
SHZ +21
SK -3
JSX -29

Nos: Oil $42.87. Vix 26.
Gold $1811. Palm $714.
$ 1.254.€1.109. IDR14810
MDCI(W) 548. FF +7. DF -126.
Morning all.

Covid-19
03:00
GMT

Total cases 14,422,468
China 83,660 +16
Total deaths 604,823
China 4634

Countries 213
(Selected)
USA 3,833,271 (142,877)•
UK 294,066 (45,273)*
Indonesia 84,822 (4016)
Malaysia 8764 (122)

• 63,259 new infections
• 813 deaths

* 40 deaths yesterday
* 827 new infections
* 4331 cases per 1m pop
* 667 deaths per 1m pop
* 13•1m total tests
* 193k tests per 1m pop

Summary
Total cases 14,422,468
New cases 8017
Total deaths 604,823
New deaths 583
Recovered 8•6m (60%)

Covid-19
04:00
GMT

Total cases 14,190,389
China 83,644 +22
Total deaths 599,369
China 4634

Countries 213
(Selected)

USA 3,770,012 (142,064)
UK 293,239 (45,233)*
Indonesia 83,130 (3957)
Malaysia 8755 (122)

* 114 deaths yesterday
* 687 new infections
* 4319 cases per 1m pop
* 666 deaths per 1m pop
* 12•9m total tests
* 190k tests per 1m pop

Summary
Total cases 14,190,389
New cases 10,637
Total deaths 599,369
New deaths 832
Recovered 8•5m (60%)

A mixed end to the weeks trading on Wall. The 500 & techs gained the 30 slipped back trading in a narrow 200 band on Friday. However over the wk techs fell 114 pulled down by Flix and weakness among the FAANGs in particular Amazing fell 7% its first wkly decline in 11, while the others posted gains for the 3rd consecutive wk. The Nsdq 100 is the only major sector to be up (17%) ytd. Cruises were thumped after the CDCP extended a No Sail order through Sept and Airlines moved lower by c.2% on the daily diet of record rises of infections.

At close:
DJ -63 (26672)
SP +9 (3225)
NS +29 (10503)
R2 +6 (1473)
WTI $40.61
10y/tb 0•634%
MSCI(W) 548
Morning all.

Last 10 trades in REA were as follows, 4932, 5000 & 106 all buys, 1 sell, a 90 buy, 50 sell a 13 sell another 2 sell and yikes 1 BUY! All at 62-64.
Oh my God no wonder Donald said "REA is great, it's a great stock, buy REA the sp is rigged" I wouldn't go that far Donald but I know what you mean. Your great Donald, your great even if Biden is a shoe-in to be sitting in the Office Come Nov you attw.

You gotta wonder whether these hundreds of trades were on the up'n up? Tbh I have no idea and doubt it means diddly for the likes of you and me. When a sniff of a 100 buy in Anglo or Mpe can send the stock 10 or more higher you gotta wonder if REA trades are subject to hand cuffs or the sp description act? I'm not one for conspiracy theories when ones stock is bogged down but jeez REA is acting like a FTSE 100 with a 200m free float. Anyone checked the FF recently? I thought it was 100 tops... maybe I left off a few zeros?

Whatever in the grand scheme of..., it makes no diff to a pis with my jaundiced view of mrkt values. It keeps my feet on the ground, wary of excessive rises (not REA) and falls. Dont call an Estate Agent to value your stock for he would almost certainly parcel up REA into bite size pieces hoping to attract a buyer for the parts, which might be more valuable than the whole. Ask him for a valuation and if its higher than £100 s'quid ring me.

Vol on the week was c.220,000 give or take the odd 50,000 which should not concern the longterm investor who I hope is watching the field of play and not the scoreboard. One can only hope that the recent nonsense trades have ended and we can get back to the usual 1000 buy/sell we are used to. This 100,000 trades a day is doing me no good.

Evening all, have a good wk/end and dont forget your mask ffs!

from anything else are there that many pis trading at such small vols? I don't think so, so wer'e back to just a single seller off loading his shares for better or worse. No idea which, but vols indicate there is demand to stay in the spread. No need to up their price which might entice the passer by around 60 to buy?
My guess the nos hardly represent value so beware what the tunes tell you.

I dunno on reflection I think it's just one seller selling in odd lots
to what purpose I dunno. It makes more sense than lots of pis knocking out small lots....which would be prohibitive
even at £5 commission. There must be a reason but I'm boogered if I can think of one.

rugs If your theory of one 50,000 seller buying back holds water, he/she has c.18,000 to go. See if it pans out by close.

17 on Lse, 31 on Mstar and 100+ on the Mogadishu give or take!

Hmmm? Not sure about that rugs but there's nowt so queer as folk. Why sell at 57 and buy back at 64 plus costs? I wouldn't and I know you wouldn't.

20 trades all at full ask of 64p on 774 vol.

Blimey O'Reilly here we go again!

A bit upsy'downsy in Asia this morning as the trading week ends. On a ytd basis TK and HK are lower by 4% and 11% respectively. Chinas two main exchanges are ahead the SHCOMP by 5% & 24% for the Shenzen so called as its situated in the city of Shenzen, who'da thunk that? It is the smaller of the two being ranked 8th largest in the World.
JSX is down 19% ytd the worst performer in SE Asia (inc India). Singapore follows close behind down 18% ytd and the Ftse Bursa Malaysia bucks the palm oil economy trend by being just in the black (0•11%).

At 1:30 pm JST
TK -76
HK +153
SH -16
SHZ -9
SK +15
JSX -11

Last wks cpo ytd average was incorrect. The right number is $654. This week should see a small rise to $656 ($509).

Indonesias State owned oil co PT Pertamina produced its first batch of 100% palm oil/biodiesel last week and is on target to produce 100,000 bpd.
This trial shows our refineries and catalysts are ready, now we have to see how the economic side works out. One problem is the content of fatty acid methyl esters (FAME) which can produce bugs in engines and has caused some resistance from the industry. However this can be overcome by use of D100
'Green Diesel' process.

No mention was made regarding mpg, acceleration or what type of vehicles were tested or whether any road testing was done.
Low crude prices have stalled the B40 program for the foreseeable. The omens for crude at $60 do not look good while the pandemic tanks demand for energy. The Govt does not want to spend $bns in subsidies to an uneconomic fuel industry. So its either cut the costs of the home grown stuff or pray gasoil becomes a lot more expensive for drivers.

Covid-19
04:00
GMT

Total cases 13,946,637
China 83,622 +10
Total deaths 592,677
China 4634

Countries 213
(Selected)
USA 3,695,025 (141,118)
UK 292,552 (45,119)*
Indonesia 81,668 (3873)
Malaysia 8737 (122)

* 66 deaths yesterday
* 641 new infections
* 4308 cases per 1m pop
* 664 deaths per 1m pop
* 12•7m total tests
* 187k tests per 1m pop

Summary
Total cases 13,946,637
New cases 8840
Total deaths 592,667
New deaths 715
Recovered 8•3m (60%)

Countries with 1m plus infections.
USA 3•70m
Brazil 2•00m
India 1•00m

Countries with 100,000 plus deaths.
USA 141,118

One things for sure we wont see a repeat of yesterdays strange happenings. No idea how many trades were dealt and best guess vol was c.86,000 on the day and wk to date (c.184,000). A late sell of 50,000 at 57 boosted the total.

For all that 'toing-and- froing' the bid was slightly better the mid at 58 but one must conclude it was a lot of hard work for not much gain. Hopefully a snapshot in time and best forgotten. Oh well somebody can paper their walls with REA certs! Good luck with doing that. Even the cricket got the 'reabug' a lot of huffin & puffin for not much gain, 207-3 after 82 overs of scintillating cricket... NOT!

Advices from the East were not positive, Shanghai falling 5% and no plus points to be seen. London saw the bullet train of sellers coming down the track & got out of the way marking the ftse down 80 at kick off.

With that in mind the Dow which was called off 150 tanked 200+ at the gong. Mixed economic data didnt help investors. Jobless nos at 1.3m new signings was slightly worse than forecast and retail sales jumping 7% in June was well flagged. A record rise in US daily infections of 78,000 added to the gloom which is obsessing every investor. Among Banks Morgan S & BoA both exceeded mrkt forecasts. BoA fell 3% ($24) & MS the best Bank performer among the top 5 this year added $3 to ($53).

The Dow pulled out of an early slump not helped by Boeing off $7 to $181. At open the Nsdq was ambushed by 10,000 e-mini futures traded in the first 8 mins which left techs gasping for air 140 lower. The Nsdq comp has underperformed the 30 for the last 5 sessions and trades c.700 off intraday high of a few days ago. Profit taking has been responsible and the old adage of you never go broke taking a profit was uppermost in investors thoughts. Maybe but make a profit first! I think it's a silly saying as more often than not you leave unrealised gains for others. As we all know buying is easy, selling very difficult unless your a very disciplined investor with experience of selling winners. When I have one I hang on like grim death which has cost me plenty in the past.

London ended in the red at 6251, directionless more than anything else with the Dow off 145 due to Boeing, techs, stores and pharmas. Airlines were down across the sector by 3%-5% and Cruises fell as Norwegian slumped 12% to $16 after announcing it plans to raise $925m in 2 new Bond offerings and a $250m equity offer to keep the ships afloat for this year.
Blockbuster nos of 26m new subscribers during the last 6 months couldn't prevent Netflix stock falling $48 ($480) after hours as 2Q profits came in flat and the Co warned the pace of new signees, (10m last 3 months) wont last. Netflix the big daddy of streamers with a penetration rate of 72% grew 2Q revs by 25% ($6•15bn) in a very crowded mrkt place but the nos fell short of expectations.
DJ -135 (26735)
SP -11 (3216)
NS -77 (10473)
R2 -11 (1468)
WTI $40.74
10y/tb 0•62%

Nos: Oil $43.29. Vix 28.
Gold $1797. Palm $700.
$1.256. €1.104. IDR 14646.
FF +14. DF -37.
Morning all.

rugs I was inferring to the REA state of 'non play' as oppo the English batting which coincidentally mirrors today's action in REA. I think REA is a few runs behind the over average set for a boring days play.

I'm buying a a share to boost the sp to 63! FFS what a farce! Back to 55 by close!