Member Info for JohnLewis79

Off the worst of the days action the Dow pulled out of a funk 500+ slump at one point to close down 126 (25191) after being within 10 of level par for the day. Participants noted the days action had been orderly with little sign of panic selling, those that did panic did it early. However all 3 major indexes are below their 200DMAs. The S&P finished off 15 and Nsdq down 31 after a 200 fall Earlier. 3Q nos continue to roll in, Caterpillar fell c8% beating expectations, 3M was off 4% on poor guidance but McDonald's was a bright spot gaining 6% on better than hoped for figs. Skittish traders are being assailed from all quarters and prices often bear no relation to Co earnings. Therein lies opportunity for the 'quick and the brave.' In Asia a small rebound is underway after yesterdays rout across the region, TK up 122, HK +235 & SH +40. Only energy shares are being clobbered on the overnight fall in oil. With SH deep in bear mrkt territory (-28% ytd) investors around the world fear that a sustained slow down there will infect the rest of the world's equity markts. London could not escape the poor sentiment from China /Italy & Brexit jitters. The 100 fell 88 closing below 7000. The 250 dumped 406 points, the S/caps 87 All's fell 54 and Aim down 19. The 100 now nearly 10% down ytd the local 250 off over 11%. The nos: Oil $ 76.66. Gold $1235. £$ 1.298. £€ 1.132. Coin $6450. Vix 21. FF +54 & DF up 85. Morning all.

Not sure when we did it but at a pinch probably around the H/Y.

For sure ocelot and the '87 crash was the worst cos nobody saw it coming and I got caught with my pants down.... cost me big time. I never want to go through another one like that. For sure the 'biggie' was the crash of 1929 which started on Bloody Monday Oct 28 when c.$10bn was washed away in 5 hours the Dow losing 38 a 12% decline. Worse was to come. "SELL SELL SELL drowned out the opening bell on Black Tuesday stocks were dumped in a mad rush for the exits, fist fights broke out among the clerks as specialists tried to find buyers for all the sellers. Several men were deemed to have gone mad wailing "im sold out..... im ruined" Outside the exchange thousands gathered at the corner the unknown now had turned to fear the horror of events inside the exchange multiplying as news broke from clerks rushing back to their offices. Governors of the exchange feared it would collapse, prices were hours behind, sell orders were never filled tossed away in boxes never to see the light of day. Another $9bn in stock values vanished the Dow closing 31 down or c.12%. They refused to close the exchange fearing a rout would ensue. Wed Oct 30. Bargain hunters, foreign buyers and speculators returned in force, "BUY BUY BUY!" If you've got money its a chance of a lifetime. JD Rockerfeller broke his usual silence in a statement he said he supported the mrkt and had been buying common stocks. The Dow closed up 28 or c.12% and then closed for 3 days. In the following days the Dow gyrated wildly and by Nov 13 All the gains of 1928 had been wiped out Through 1930 -1932 the Dow spun relentlessly downwards finally hitting rock bottom in July 1932 at 41 a stunning 90% plunge from the high of Sept '29. US steel had traded at $205 could be bought for $20. Radio once $110 fell below $2 and the value of NY Exchange stocks fell from $90bn to just $15bn. Good times had given way to bad. Twenty five years would pass before the DJIA would reach 1929s peak. Years of investigations followed looking into illegal pools, bribery of reporters, special stock deals given to wealthy individuals, inside dealing by Co director's, loans to top officers to enable them to meet margin calls and more shocking disclosures of low standards in high places. Richard Whitney head of the NYSE spent 40 months in Sing Sing for stealing from customers and a special NYSE fund. He lost $2m in the crash. The Harvard educated man turned out to be a common crook. I'll leave the last word to Billy Durant founder of Durant Motors and a leading speculator on the NY Exchange for 30 years who filed for bankruptcy. He was once worth over $100m his third fortune. Broke and in a wheelchair having suffered a stroke his last year's supported by checks sent generously from GM men who recognised the legacy he left. " I haven't a $ but I'm happy, after all money is only loaned to a man he comes into the world with nothing and goes out with nothing"

7 off low for the day and if US mrkts stage a recovery this afternoon.....who knows 200 might well have been the low for October and a Santa turnaround a' coming. Reminder of year end sp comp. JL 350. Bunks 378. Without 401. I won't bother listing the others as that would require G to double from here and those kinda miracles dont happen in my experience.

Slipped briefly below 200 but really no conviction today where all and sundry are being sold down. Ocelot.... much to most peeps surprise Oct has produced a positive return of 0.80% since the indices were compiled, gaining on 40 occasions and losing on 28. Take last year the 100 put on 120 and the Dow gained 972 a very different picture to today. Do a straw poll id betcha most would plump for Oct to be the ***tiest month. Comparing one year to another aint the point because circumstances differ and exceptions to the pattern are quite a few over the years but the figs don't lie. October is not the worst month that accolade belongs to September....+30, -38 & a neg return of 0.68%. But you must know that over the long term mrkts have gained enormously proving that over any 10 year period (or as damn near) buy and hold has been the best strategy.

Short lived spike on the Dow now off 516 the ftse down 111 and oil sub $78. I'm looking on bemusedly while traders must be loving this volatility if calling their moves right. G remarkedly clinging on to 200 awaiting the next move down?

Bunks....a year from now!!!....are you sure? Yikes I couldn't hazard a guess for tomorrow. I know what you mean, most of us think a year or more out share prices will improve while having no substance in fact. To my way of thinking things might not be much cop through '19 if the Fed goes gangbusters on rates and economies move as rapidly as poss away from fossil fuels etc.., not to mention crazy Trump. Who knows what he will be up to if US mrkts turn against him. I can't be sure but i have not seen any bullish forecasts for Co earnings into Q1&2 next year. To this effect I'm back in Gold at $3248 pamp and there I'm staying.

Yup...I know bunks. Others having a bad oil day. BP off 14, PMO down 7, TUL -7 & DNO down 0.70 kr. Ftse now 70 lower, Dow -335.

Dow opened 447 lower climbing off lows in early deals but very volatile trading.

Oi....bunks don't tempt me. I'm no good at this share game lark! Nowdays its a game I'm unfamiliar with and 200 could see stops getting busted & me flushed away again! No I'm staying and watching. Nothing to lose by a bit of masterly inactivity while all around lose their marbles.

Jumping Jack crash the Dow called 450 down at kick off! Add in more oil price woes ($78.04) it could be a hairy few hours in London mrkts.

Testing 200 from ytd high of near 300 has been a terrific bonus for day traders/shorters these last 6-9 months. Of course ones timing in and out of dips and spikes takes skill and luck neither of which I have. So every incentive for dealers to play with the sp to catch the unwary out. Will 200 find support? No doubt our squiggly line experts can fill us in rather than my simple roundophobia nos being a block.

Fair comment workover (we aint the only ones) however have others issued such strong trading statements and suffered a c.16% fall? I doubt it. The 350 OG is down c.7% over 3 months considerably less than G which has fallen 24% over same time scale. We can bandy about figs all day long inevitably we have to take the rough with the smooth. I think the fall is overdone but dare not invest for fear of losing more money in the short term. An upward trend has to be established before i go near G again.. and there is no evidence of that happening atm. As soon as I'll Be Back!

Yea, a share buy back would make sense what with the intrinsic value (I'll leave others to work that one out) and EV now c.£107m above mrkt value. Whether this would be the best use of shareholders funds is a moot point atm. The sense of drift must be stopped and now!

At 205 the sp has dropped 20 since M.Ozgul was warded 187k freebie shares, not that this would bother him much. Shareholders have paid the cost of the boards largesse! At 205 the sp has dropped 39 from the trading update on 10th October wiping out £109m from the Co value. At 205 the sp has dropped 85 from ytd high wiping out £237m from the Co value. I'm beginning to think JFT was right and the board should issue a statement to the effect that they know no reason for the disastrous fall. My only trouble with this is the 10/10 update advised us of the current position and what more can they say that score? I very much doubt they are hiding anything material. That would be catastrophic for the Co sp and image. I guess holders are going to have to grin and bear it however unpalatable it is.

Cashed out at a loss...of course. Back on the outside lookin' in..GLA.

OHG....I'm steeling myself not to react to 'casino hour' prices.......

I have a very short memory (thanks for the prompt JFT....'ridiculous bonuses') and I bght back in! I dunno what possessed me, perhaps a longer session down the local and i took leave of my senses? Most likely. Flakey as I am, i'm out first thing if it opens lower. I thought i was weaned of my G habit, i really ought to go and lie down in a dark room or sign up to a G anonymous group for idiot punters.

Like world mrkts (MSC1 -6%) which are deep in the red this month, oilies have suffered from a lower oil price, some 4% down mtd. G has fallen from 248 & Gkp down from 288, c.14% and 22% respectively. PMO is down 12% & TUL 10% for balance.

US Q3 reporting season gets underway this wk with approx 150 Companies announcing their nos. A more cautious stance is being taken by investors who have by and large been sellers of stocks this month. Yesterday saw only the Nsdq posting gains (+20), the Dow off 127 & S&P fell 12. October to date the Dow has fallen 4% the 500 off 5% & the Techs down 7%. Declines of 1-2%+ are seen across Asia. The Nikkei off 512, HK down 600 and Shanghai down 36 on profit taking after 2 days of strong gains. Local factors were mrkt movers but the US / Sino war of words erupted again spooking investors who are not buying the dips. London fared no better all sectors fell on the day (bookies bashed on threat of taxes) albeit on little vols. The 100 had been up 60 but fell back as the Dow turned red. The 100 is set for opening below 7000 first thing for only the 2nd time this year. Bar an unexpected end of month rally October looks like being one of the worst months in recent memory. The nos: Oil $79.54. Gold $ 1226. £$ 1.296. £€ 1.131. Coin $ 6439. Vix 19.6. FF -42 & DF -205. Morning all.