Member Info for LuckyLuciano

Dabbler1 many thanks,
if we all speak our minds without any agendas, we could all get the best out of each other, for an informed decision on investing.

...that's on day candles

I am looking at the S&P right now reaching recent support level, any lower and one would think is going all the way to 200MA.

Daytradenovice you should change your name, no "novice" at all, for what you speak about the market, then again I maybe should also change my name, as I am not considering my self lucky after trading the market for 30 years.
Indeed is always wise to keep an eye on other information, compare and ponder...
With Tga have the feeling there is a general sense of missing out FOMO, is strange because the child should remember a similar situation with Fxpo, when not even fantastic fundamentals managed to keep the sp up.
The guy talk about desperation? about what? My hat of to those who understand him.

Guys and girls the main market is entering very bearish mode, in my experience going on the opening cash market in the US with future down like today, is not a good sign.
Trust me if the main market turns bearish and panic sell settle in, not even the best fundamentals of any share will be a good reason to hold, never mind rise.
I read days ago about Evergrande, the Chinese building developer going burst to the tune of $300billion...the market need any excuse when is overbought to come down, and this could well be one.
I completely understand if some here will start call me deramper wanting to buy in cheaper, I have done it before to other poster that had a contrarian view of mine.
Indeed I might say completely porkies is just my gut feeling, backed up by something I read. One thing is for sure I am now 85% cash.

Daytradenovice, don't listen to BC.
He well know that we are all here to make money, the guy obviously has a serious attention deficit disorder....
What upset me most is the uselessness of this kind of discussion, as if in the end we can reverse time, make Tga sp go up again or win a popularity contest.
Please to does that read theses posts, don't be afraid to be bullied by people like BCrader, be polite and speak your mind. Is only with an honest and objective discussion, that we can make clear investment decision.
And don't forget to ask for links.....

BCrader....one more thing with this "lectured" word you recently found in the dictionary.....
My assessment of market, share and price are very well accompanied by links and clear explanation, your ramping as you well know is not.
Many time people asked you for links to back what you are saying, which you never provided.
So who is the Lecturer here?
You are the ramper/deramper, I post here to receive feed backs and have a clearer idea of the situation, and indeed if I think a company is a good investment proposition I say so.
Good luck with your investment lad.

BCrader it seem to me you suffer a bit from a popularity complex...(or should I say unpopularity)
I make decision and change my mind as I see fit, for Tga there has been some material changes of recent, hence my decision to sell. I take no pleasure to get something right but at the same time I can't say I am displeased.
You have been dormant for days with your posts and now come up with such a childish remarks? (on ignore)

Definitely wouldn't give much importance on rating, Wall Street futures down 1.2% wow

Kenny-G I am not sure in which way high gas price could affect adversely Tga, but anyway it seems be coming down from recent high, Russia promised to open the tap and possibly price should stabilized.
Imo what is intriguing for coal is what isaytomato posted earlier...
https://www.moneyweb.co.za/news-fast-news/rich-nations-head-to-south-africa-seeking-coal-exit-deal/
If is true that this meeting will take place, have to say some big weigh players are going to take a visit to Eskom SA.
With the UN Climate been set in Uk there will be some political will from western nation to bring something concrete to the table. Eskon debit is some $28bill, is a lot but compared to the trillions $ been printed recently, is not impossible that some finance will go Eskom way for it to phase out coal and go green.
For Tga this could be even better it all depends what restriction and request will be placed on SA mining and electricity production, IF all the above take place....indeed.

Kenny_G it's unbelievable same trading strategic and same 75% of portfolio . I too also had a look at other coal miners price on Friday, the sp drop for them is more likely due to the main US index, than anything else, but they have also rise quite sbstancially considering that last numbers they all made a loss. This SA fund has come out with 2 rns in a short space of time, not to deramp guys/girls but one can easily think there will be more... Or maybe not. They may want out (the SA) to clean their act so that they may get some money from IMF to help going green (big meeting coming up.. Someone posted) but these are all fantasies... Who knows. Anyhow interesting times folks.

Lazzy your analogy with horse racing bets, make me believe that you have more a Montecarlo Casino approach to investing, hence down to probabilities. Many hedge fund use this approach making lots of small gains or whatever their computer model tells them, theses are automated trading that for a single brain human been are impossible to execute... Hence I personally having tried, stay out of spread betting etc...do look at technicals though and do some time trade purely on that info. It's difficult to get it right as often technical and fundamental speak a different language and tell a different story.

Dabbler1 what's your take on US steel... Kind of conundrum right now, cooking coal going up but also steel price near all time high, China cutting steel productions was a bonus... Will it last?

Thanks CM great post and appreciate you speak your mind, is the best way for every reader here to assess the situation and contribute..... Imo with Tga something material has changed with SA fund starting to sell. That was not factored in before hence my risk/reward was positive, is not only because I was at breakeven with my investment. I suppose if I was 50/100% in profit I could have decide to hold on a little longer.... On of the first commandment of investing is: First don't lose money. I suppose that comes before first make money. I am also watching closely the main indexes which can never be overlooked. So what's next? As mentioned I have also sold 3 very good US steel maker, i timed my entry completely wrong. They are all on my radar Tga, first of all, I might look a bit more at Relative Strength Index indicator now and other tech. To re_entry, also for the steel maker next supposedly very good numbers are out end October and may play the news release on them. For Tga a good entry would be 300ish if it gets there. Also many miners Majors and non imo are reaching good entry point and will keep an eye on them....

Thank you TM and same to you, hope you make a good profit..... If my trading decision for me won't work out, no matter, many other opportunities out there. It does seem I am doing something right though, yesterday sold 3 US steel producers I got in recently, on the hipe of projected ridiculous cash flow compared to market cap, well today another 7/8 % down.... Glad I got out. The general market seems very choppy right now and Tga is an exception but as I said not prepared to fight a seller..

Indeed Scoooby, THS was an experience..... I am not going to fight fund selling shares, if they want to sell it has to be at lower price, so that I can buy in cheaper.

Thanks Daytradenovice. Unfortunately I am terribly adverse to risks and for this reason have missed many handsome profits to the point of having £millions in the bank. This my attitude allow me to cut short loss making positions but at the same time doesn't allow me to run the winners and take profit too early. With Tga I take no prisoners as I said made zero. If I can say what I think on tga sp without been passed for a deramper now that I am out, if the SA intend to sell all their holding, at the speed they are doing it the sp will be under pressure for a little while and only a continuous coal price increase could counterbalance it. Again if this can be some sort of apology I had no idea that a fund intended to sell shares, my assumption was that the sp was moving only out of private investors, anyhow again I take my chanse that could very well work out against me....... Have a nice week end.

What does it matter Crawshaw? Just to say been in profit 15k I sold today to break even.

Not that I have to ask permission to sell, or either justify the reason. I could have easily say nothing... Moreover in selling i run the risk of having to buy back. I don't think anyone would have predict that the SA gov was starting to sell Tga shares, in fact I did not even know they own any Tga shares. If I know it before I would have indeed ramped up how positive is for Tga to have its interest aligned with the SA gov but possibly that would have been naive from my part. Anyhow maybe next time I shut up..... From the start, do my research and use this board only as source of extra info.

Boys and girls I am out for now. Although I strongly believe at Tga fundamentals I am not prepared to go in red here.... Whatever is the reason SA gov is selling, there are still some 8 million shares to unload and can't see the sp making new high for now. Will look at development closely looking to reentry.