Member Info for JohnLewis79

$81.34. Hope buying back in works out for you JFT had the finger on the buy button several times myself but at higher prices! So ....glad I resisted. At least Gold is going the right way and swerved off 1180 now 1201. Def keeping away from stocks for the time being as the Dow looks precarious called over 400 lower at open. Those buyers, when blood was flowing down Wall (last time) subsequently did very well indeed. Could happen again for sure but I'm sleeping better these days and cannot really afford to chance my small pot in the vagaries of the Lse. Wish to ***k I was 30 years younger I'd be piling in like a loon without a care in the world. That's the main ingredient I lack now... CONFIDENCE.

Gkp payment update..

Ftse pulls off 120 slump to 7026...now off 90ish.

$82.14

Opens down 95 & enters correction territory (7090) for second time this year. The last time was back in Feb (7092).....regaining 203 next 6 sessions. Incidentally G remained unconcerned adding 3 while all around were losing their heads. Oil at $65. Vix 25.

Yesterday's 832 fall on the Dow is the second bigest to the 1032 in Feb. However following the Feb fall the Dow regained 1358 points over the next 6 sessions and went on to post a record close (26951). Incidentally the Dow is down 859 this month to date.

Oil $81.54 (-1.3%). Gold $1196. £$ 1.323. £€ 1.144. FF -111. DF -380. A steep sell off late into the session closed out the Dow at 25599 down 832 (3%) on a hectic days trading in N.Y. The rot started over on the Nsdq which tumbled 316 a 4% fall as investors dumped techs (high P/e stocks) ahead of Q3 nos. The Nsdq is off 8% (1040) points since Oct 1st & the 500 fell 3.3%. Investors have finally woken up to some of the macro events, rising rates, bond yields, currencies (strong US$), tariffs already impacting US autos and tech specific, supplies of chips from Intel hitting PC makers. If you add the security/privacy breaches at Fbk which are likely to damage ad revenues & growth, thats a few of negatives investors have to factor. Very much a day of sell & ask questions later. Many will ask is this just froth being blown off, the start of a correction or something worse akin to the '08-'09 recession. Never far from the action Trump said "the Fed has gone crazy" a slight at Powell who he blames for the bloodbath yesterday. He views the rise in equities as a direct response to his economic policies and a gauge as to how successful they/ he has been. Never wise to think a rising stock mrkt is down to one man and his dog! You guessed it Asia tracked N.Y. and across the board 4% falls are the norm. TK off 1012, HK down 988 (15 month low) SH off 118 (fresh multi yr lows) and S.K.Taiex the worst falling 654 (6%). As in N.Y all the dark clouds which have been gathering for some time now prompted investor to grab what gains they had and head for the hills. Morning all. Got your tin hat ready?

Closing auction price 244 on 95468 traded. That looks higher than normal.....and a lot more than opening auction of 57k.

Nikkei called down 262 and London off 78 tomorrow opening.

Dow off 437, S&P down 47 & Nsdq slips 171 all at days lows.

Wonder how many were suckered into buying today then averaging down to 245/6? Sorry that's too strong a word! But pretty much sums up how I feel about G and others today. Once again G has pretty much defied all known evidence of how a share should react to such impressive nos and the boards optimistis outlook. For if they don't know?..... For sure we have only fallen a penny on the day and some might say the rise was already priced in. That's convenient imo as no-one knew how good the figs were going to be and they exceeded most expectations & to a man, self included were expecting 260+. But G does not perform to the norm in these type situations, plenty of evidence to support that claim! Also it's been a duff day on the mrkts the Dow off 430 at one time and that would have scared investors away and profit taking from 258 did the rest. US 10 yr t/Bill is back at 3.23% and 3Q earnings start next wk in earnest. How damaging today's mrkt performance will turn out to be no-one knows. Maybe a short term skid and buyers will be back in a couple of days? I dont know but days like this knocks confidence for six and the self fulfilling round the world follow my leader falls in share prices will... if it gets out of hand find the exits jammed with panicking investors shouting "get me out at any price" That might be an alarmist view, I dont intend it to be and hope that todays action is simply a blip or at worst a small overdue correction. I will add its not sensible to make investment decisions on one days performance of G or the mrkts.....so unless your seriously scared you will be out the door. Currently the Dow is getting knocked back on any 30 rise so tomorrow looks shaky. Must say the Dow has suffered a couple of 300+ falls this year and bounced back in double quick time. Could be a repeat on the cards.

Correct bayobach I'm not invested here though I had a couple of profitable trades sometime ago and lost a bundle on the way down from near 700 to 145/225 (last 2 sales). The 'nothing new' comment concerned the slide from higher up the totem pole costing pis money (good news / down sp). I'm not madly keen to reinvest here for reasons I have explained before but I was expecting a great update and so it proved....as long as it's not a one day wonder! I'm more worried about global forces damaging equity mrkts hence buying some gold than chancing my arm in G again. But.....Knowing how skittish I am I could be back in G later this afternoon....I often don't know why I do things....crazy I know, best laid plane's all that. Hope that answers your points.

Come back on St Leger day ( I'll extend that to yesterdays close). You were clever enough to sell G on a tare up at its year high 292 and bought back yesterday at 232 ish, so a great win. However If you sold on May 1st at 213p not so good. The ftse over the same time period (May 1st to Oct 9th) has dropped 282 points. As ever timing is crucial and a lot of luck as both the May 1st's would have cost you money. Do I follow that old adage?.....do I hell!

Oh dear Lem......the mrkt can expect solid and regular sp gains! That'd be a bloody first well the regular bit anyways, heh heh heh! Value will in time be reflected in mrkt price....yea right... so if you believe that and you can buy a$ worth for 60c or whatever intrinsic value you put on G it would make sense for you to buy the undervalued stock and the Co committ $ms to buy back its own shares instead of dividends to holders which you would have to pay tax on (again!) and pray the mrkt val reaches intrinsic value. Do you believe Gs intrinsic value exceeds its mrkt value enough for you to commit more monies? Say you do.... A nos of benefits then ensue to you the holder:- 1)This reduces the nos of shares in issue 2) increases your % interest in the Co & 3) boosts per share earnings even if and here's the clever thing.....4) actual net earnings do not go up. In theory the sp would go up as long as you have called it right and the sub 100+ pis have done so and may have moved on. So assume you are still here, you might have to wait a long time for fair or excessive value to appear from the current level sp you bought at, but your prepared for that aren't you?

I'm afraid JFT its simple the mrkt does not like G. Whatever they do is perceived as a negative and short sellers are well aware they can play with the sp under any circumstances and make money. Only Quindell of yore comes near this share as a shorters heaven. Sad but true. He'll, that's nothing new its been so as long as I can remember which is a reason I'm loathe to invest here. I mean why the he'll would you when superb figs are given the cold shoulder? Surely you should cut your losses or bank your gains and seek a share or another asset which responds positively..... just to average results for gawds sake!. Ok that's not easy I know but the constant disappointment here is not good for ones health or bank balance. Hence I've bght 2 x 100g Pamp Suisse gold bars @ £6182 gross. Leaving me some £3k walk around money. Knowing my luck Gold is headed to $700 and G to 500!

If the mrkt is looking ahead 6-12 months as all the text books say (don't believe a word of that personally) then G will most likely be pumping 50Kbopd by then, so what price G?....

Wouldn't disagree Tartine but G is doing very well under the circumstances and can only play the cards dealt. Gas is the Ace up our sleeve worth a conservative 225p (from memory) and some more positive news cannot be far away.

G's leverage ratio must have gone through the roof if it so wishes to use! Compare that to two years ago. A $bn would be easy peezy for gas /Somalia etc...Not back then!

Pretty muted response to excellent update...however the 'casino hour' play by different rules. I do hope the politics off the region (forming a Govt) are not putting people off investing in Kurdistan what with Trump aiding and abetting the KRG?

Gkp up nearly as much as us!!