Member Info for Just_My_Opinions

IN4, What percentage exactly do the major holders have in this company? And what price would need to be offered to buy the company out according to UK takeover rules? There's some serious manipulation of the SP going on here... absolutely loads of even number buys and sells going through in close proximity.

Ezj forum thinks it's positive, Haven't read it yet myself... Maybe it is, lets see what the market does with it.

Profit down... http://news.sky.com/story/easyjet-blames-unprecedented-events-for-28-fall-in-profits-10658060

So even if it doesn't filter through immediately (although I suspect it is)... it will over time. If you're trading RRS I would think it's sensible to go in with small amounts, either build a small position with multiple tranches to average a decent position. Or day trade it, when you're in profit take it and run. But this is more risky than the above given the circumstances.

With the Indian PM putting a deadline on all 500 Rupee and 1000 Rupee notes in circulation being paid into the bank by the 30/12/2016, there is a rush to put the money in the bank or lose it's entire value. Some very rich people (I know some) are literally burning some of their cash as they don't want to put it in the bank as the Tax Authorities may try to audit them going years back. The negative effect on this is, The Gold Sellers have started refusing 500 and 1000 Rupee notes when people try to purchase Gold to try and get round having to pay them into the bank. I lived in India for 2 years... let me tell you something. Black money is rife. In India there is White money and Black money... nothing to do with colours of skin. We'll use UK money to make this easier... If someone is selling a house in India, it may have a real value of £500,000. But it will go through officially as a £375,000 sale. So £375,000 will go to the bank (White Money). And £125,000 will turn up in holdalls, or a suitcase in Rupees, cash money. (Black Money) The Black money either gets kept as cash, used to buy more property or gold or another asset. The Indian government know this as it happens in more than just property it's rife all over the country... everyone I know in India does it. You simply can not buy a house in India in a major city without dealing in Black and White money. It's done with bigger denominations, because turning up at a house with say £125,000 to buy it in lower notes would probably involve taking a wheel barrow, and take ages to count. So by putting a deadline on all 500 and 1000 rupee notes being paid into the bank, and after that deadline making them worthless... creates a gigantic windfall for the Indian authorities. When it goes in the bank, the tax authorities can then see "everything". They will then tax people accordingly, and most likely go back previous years to audit these people properly... because everyone suddenly depositing big sums of money means everyone suddenly didn't just get luck that year. Like HMRC, if you don't fill out your tax return...and you run a business they will send you an estimate on what they expect you to have made over previous years and try to claw it back. I know this as my friend who runs a car repair business had that very thing happen to him, and he had to go to an accounted to sort things. So back to the main point.... Gold sellers aren't accepting the big notes, so there's a good chance gold sales will either stagnate or drop due to there being less "Black Money" in circulation to buy the gold in India.

It's safe when investors feel unsafe. It's unsafe when investors feel safe. Gold is a store of money in bad times, a hemorrhage of money in good times. With the US election out of the way, there could be a run up on the markets until the Fed speculation starts. Might see that soon though. So constant juggle.

Will check CMBN out

If one of those multi-bags many times over it will kill the losses on the others, provided you've bought an equal amount on each.

Gold is selling off with a lot of volume at the moment, testing it's June support. But the volume looks to high, so suspect RRS has further to go. Watch it though.

Nah, I'll watch RRS for a bit longer. Wave Trend Oscillator could have further to go, RSI not over sold enough on the Daily either.

Also RRS is now testing May's support. I'm considering a tranche in it too

But majority cash so if we get a big drop on any I can enter another couple of tranches for a decent average for the next rise. That way I don't need to get to where I started to break even or make a profit.

Oh and TPT as you know, forgot about that one... slightly under water too.

TW and DC show a profit. IMB around break even, ITV tiny bit under water.

I'm currently long TW, DC and , ITV and IMB too for about the same amounts.

I can justify 2 more tranches of the same amount. But I might do only 1 more, split in two.... even with that I won't be sweating if it goes wrong. I'll just ride the swing back into profit. I don't see a fundamental problem with UU at the moment. The banks are starting to look like the new miners. Traders are betting on rate rises due to Trump getting in. He's critical of he FED for their monetary policy. He says it's a big bubble. I suspect they will raise rates soon with that in mind coupled with the likely quick rise in inflation if they don't raise rates gradually.

This is where tranches work well. If you go in big to begin with due to greed and the price collapses you often have a long wait to get to break even. On the amount I put in, in relation to my pot size... I'm not sweating in the slightest. With the market high, and uncertain times... now's not the time to jump in the deep end with a lot of wonga.

The Utility Companies are taking hit based on two things I think... (1) The defensive's are less favorable at the moment as people think there could be a rally until the next bought of FED speculation. (2) National Grid's 68% drop in pre tax profit. Considering a second tranche at 838p if seen.

Yeah it's range bound at the moment. I knew it was a punt. Had about 2% profit at one point, but small trade so didn't take it. I'll add at 65p if it's seen.

Sorry Borgy, that wasn't meant in a dodgy way... you're one of the posters that has a clue on here.