Member Info for mojo7865

Combo of things quad definitely impacts but people chose to ignore the over heating rsi on all oil commodities as well as Brent and oil. There are other factors at play too but a bit long to go into them.

The big three aal tinto and bhp they’re all going to be higher once the proper recovery kicks China belt road going to need a lot of materials and ev hype etc.

Looks like metals taking another hammering this morning.

I’m keeping a good eye on the pound my friend I’m aware of the drop.

Somewhere in the low teens at the moment just need to assess how bad the drop could be today. Usually it’s out of hrs when the sell off for quad takes place if it reaches that target may put some in and wait. I’m leaning towards metals for some of my holdings now too as they’ve seen a nice pull back but feel there’s more to come with China metal dumping. Like I said yesterday though this could just be a blip and I get it wrong if you see a price you’re comfortable with go for it. I’m like everyone else here no privy info etc.

Your sarcasm doesn't go a miss lol. Anyway i agree with the fear mongering aspect of the media but, you got to realise the media have impact to the stock market whether it's factual or not look at our good friends the iea few weeks ago it was oil demand won't recover to the levels previous and new exploration needs to stop. Now it's drill baby drill.

https://www.independent.co.uk/news/coronavirus-news-live-covid-vaccine-b1867517.html doesn't make for great reading what's annoying it's right around bp results! Before anyone has a go i know this is a touchy subject so don't shoot the messenger.

lol i did think that about you but don't do it stick with your buy have that conviction in your decision i could easily be wrong tomorrow and today will look like a blip. Darktrace I have a lot to say on that one but, don't want to bash it too much but just seems like another "tech" lets buy it without understanding it. Cyber crime / security it's not really cutting edge ai. You'd be better off buying avast in my opinion.

Shall see what tomorrow brings i doubt i buy judging by the adr still a bit too high for me will wait for the contract expires tomorrow and see what Monday brings. Unless bhp hits my target i'll prob wait on bp.

I feel oil will hit 66 and Brent around 68 mark once the sell off is done if it gets really severe then maybe lower. What I’m interested to see is “analysts” explain this on the nonsense media. Most likely it will be my Lisa Simpson analogy have two views prepped.

Possibly I’ll assess how tonight’s sell off goes and decide if I’ll wait later tomorrow or next week Monday. 316 atm adr

Generally affects the entire market the sell off likely to continue into tomorrow after a little early morning "dip" bounce. I wouldn't buy at the moment till possibly early Monday the sell off looks like it's beginning.

Almost upon us looks like the first to go are the miners they are having a terrible time. glad i waited on the glencore buy.

Seems to be doing well today think it’s playing catch up to bp last time prices were at 325 shell was 15

Possibly but I’m looking at which one is likely to make a 10% gain nearer term I haven’t bought glen yet as my preference is bhp but that hasn’t reached my target yet. I’m more into the iron ore than copper.

Think part of that is buying in the dips it will be interesting to see where this ends up later in the day after American open most things are down at the mo not heavily. If there’s no movement today in either direction then I’ll bank on there being done tomorrow. Good luck all. Will check back in closer to midday. Mean while glencore has hit my buy target but I haven’t bought yet China and their copper dumping tactics have me waiting to see what happens on quad witching day May get a better entry there. Looking at other miners too for Friday Especially if I don’t get my bp entry.

Sorry for so many errors just woke up and tried to reply to this gist on this is go with what you thinks best for your position if you’re long term doesn’t matter. My view is about caution because of how much we’ve risen and quad witching impact. Results are a months way and I can’t see them being negative.

This is all in the now if you remember back in March oil was marching up to 70 before quad witching then bang dropped to 62 not saying it will drop that severely but, analysts are always in the moment. Do you remember simpsons episode where Lisa explained to Homer about the better company putting out two leaflets with two views ? Anyway Goldman back in March after the drop day just buy the dip but they never called the drop prior they say $80. Pricing views are only right with time if oil hit 100 dollars by 2022 they will say we called that even though they said it a year earlier but what happens inbetween is anyone’s guess.

I’m not saying I’m not bullish in oil i am but, things rise and then they pull back briefly many investors sometimes get carried away if you were back in the days of rkh gkp so many people got carried away when oil was high they were saying 200 dollars etc. If you believer saudi and Russia want $100 plus dollars I don’t think they do it makes green look too appealing the sweet spot is 60s -70s. Anyway time is the revealer of all truths who’s right today will be wrong tomorrow etc.

Shell is in the same boat 16.60-15.38 pre covid gbp/usd these could be the current peaks at the sp you see today before the next break up.

Could be the gbp/usd discrepancy pre-covid pound was around 1.2-1.3 current sp equates to 390 at 1.2 and 360 at 1.3.