Member Info for mojo7865

No worries mark good to hear from you too hope you are well and keeping safe. I caught the ether bug after my initial buy in at 2100 been buying all the way up to 2500 after reading the hype around the deflation. In that transactions will effectively destroy coins in circulation and that there’s a massive hoarding of it at the mo. I’m no expert in the tech but low supply of it has gotten me excited at the mo. Plan to keep it for a while.

It’s also funny how people mention people but don’t mention names lol mr 6 posts probably Peter and his wild accusations of multiple accounts. I see you’re new here. Weird you’re referring to what I think was my short over a month ago. No bitterness here my friend if you followed what I said in previous posts I lost money on the bp short but, made it up plus more on the glencore rise if you’d chosen glencore when I did instead of sticking it out here you would of got 4 quid already or there abouts. Any how I got out of glencore and I’m heavily invested in ether now watch out for that come Christmas.

You’re talking nonsense now Peter unless you want to imitate me I saw your post not too long ago. I’ve got better things to do then post on multiple accounts. Like watching ether fly but, as trump said you’re fake news. I’d like to see your proof of this otherwise it’s just hearsay.

Priced in IMO. Been looking at the board after a few weeks off and focused on Ether can't say I missed much gl on results day.

https://www.bbc.co.uk/news/business-58815665

Yup can’t win them all I’m afraid I think depending on how long this shortage media frenzy lasts the price is supported for now so going against it probably isn’t the smartest thing atm “irony” however I bit my pill and got glencore at 352 and covered quite a bit of that short position loss so you win some you lose some. I am going to look to cash out on glen by the week end just because the rsi looks top heavy on it both in daily weekly and even monthly never a good sign when the monthly is going to go above 70.

Gl all

Congrats have to say unexpected for me but have to know when you’re “licked” closed out this morning and went heavy into glencore in the low 350s as the tides have definitely turned on all fronts. Will I buy bp now nope but, good luck to you all hope you do get your 400s-500s. As happy said you guys deserve it cause of your patience.

https://www.institutionalinvestor.com/article/b1nf4dxm53536k/The-Mysterious-London-Traders-Accused-of-Manipulating-Oil-Markets-and-the-Anonymous-Hedge-Fund-Rare-Coin-Expert-and-Day-Traders-Who-Are-Fighting-Back

Sorry link didn’t post properly enjoy your weekend.

Licker all due respect the banks are protected from the fall out there have been many cases and fines against them for commodity manipulation from the doj to the fca however, these bodies are pretty feeble in the face of these big entities. Sure they will throw a fine here and there but it’s pittance to these banks. These major banks are too ingrained into the economy to actually be allowed to go under but, sometimes you’ve got to throw a few traders under the bus to appease the masses aka average joe me and you and make it seem like you’re getting justice.

I urge you to look back at 2007 and see who was tooting $200 a barrel then Morgan Stanley and Goldman yet they were on the other side of the trade go figure.

Ever wondered by oil went minus in 2020 Goldman again and some cohorts.

www.institutionalinvestor.comThe Mysterious London Traders Accused of Manipulating Oil ...

Now I don’t have time to post every link of every case brought against the big banks for commodity manipulation but I urge you to see the history between the financial crisis and now.

Also not to sound condescending to you big banks are not your friend they are part of the market which is geared against you.

The market is simple it needs average joe you and me to pump our money in to keep the wheels spinning. The job of all major institutions and hedge funds is how do you separate joe public from their money. Remember in the market there is always someone on the other end of your trade when you make money someone is losing money.

In any case I do wish you luck and you make loads of profits this is just my two cents not saying to believe me or even take my advice on board as I’m a nobody I just thought I’d offer my own view based on experience.

On the flip side if you want to use wolf of wall st as a means to measure the statement made, frequent trading does make the agents profits. Then by the same account Matthew McConaughey's character also mentioned about keeping the customers/investors money always in the portfolio and making them feel like selling/removing funds from the portfolio is the worse thing to do. It can work both ways. Taking a profit and banking it / using it is the only reality of when these so called profits you talk about become realised until then it's numbers on a scene which can easily become zero.

Also by other accounts no one can force you to make a trade or sell yes I agree some posters are influential but so are the media outlets who all have an agenda but, it sounds like you are not confident in your investment that you have to constantly defend it by slandering others opinions are you that fearful?

If someone has invested or sold based on someones view on the board of opinions that is their prerogative you cannot blame the person posting as anyone can post what ever they feel like it's a free board as most like to always add to the end of their posts "DYOHW" IMO IMHO etc. That's the whole point everyone who invests is an adult here and makes or loses money off their own back so don't put the blame on someone else for their choices.

What's funny by the same accord you don't seem to attack the constant rampers on this board screaming oil $100 soon 500p just because a bias Goldman says so you do know Goldman is one of the biggest market manipulators when it comes to commodities especially oil . It's because their posts fits your position soMmesh enough of the attacks carry on with your strategy if it works and you are making profits great congrats don't worry about another mans finances.

Whoops my sincerest apologies Nightyard i just realised your post wasn't directed at me.

Oh dear is that another one directed at me? i guess my bhp and glencore calls to name a few. When did i say oil follows gold. Jheez man the amount of trolls you get just because you have an opposing view it's pretty laughable. reminds me of the aim folk back in the days of XEL, DES, GKP RKH. Look where they all ended up. Not saying a multi billion pound company like bp will end up like that before anyone twists my words. Just sometimes an opposing view can be right.

I hold my hands up and say I missed DARK trace because after doing research i realized they are a loss making company and backed out of my decision to actually buy them.

I've gotten the gas call on bp wrong so far. I hold my hands up to all that and more but to say I haven't called anything right is darn right ignorant.

Again if my posts give you no benefit or no value Nightyard as I mentioned to mesh you are not forced to read them just simply filter me.

https://ibb.co/b2zRFS8

Well done on that analogy mesh you truly are well versed in the world of chess. My “gambling” habits are not bad for the returns I’ve made thus far so if you don’t mind I think I’ll continue but, thank you for your wise words. Now some friendly advice if my posts give you the urge to counter post my views with negativity instead of a contrasting value added view then I suggest a swift filter it will do you a world of good especially for your mental health.

Agree it’s a bit of a seesaw between bulls and the bears. If the gas shortage and logistical issues weren’t there I’m sure this wouldn’t even be above 3 but here we are and you have to factor in that macro Condition. Anyway I’m keeping a close eye on evergrande they missed another payment. My only holding in anything at the mo is ether.

Yup was gonna close out at 340p but it looked like the top for now so kept it running as is.

Overbought on the daily now think it struggles to break a new level. Supports all the way down at 302.

CHarlie just because the price has shot up it doesn’t mean buybacks made it go up what we’re buy backs doing before the shortage crisis? Absolutely nothing the prices was drifting. Don’t get so wound up on peoples opposing opinions it’s just that an opinion.

I’ve still got the short open at a pretty hefty loss. Expensive overnight interest payments too. I see a lot of change in attitudes on bp long termers selling out and banking profits hoping for a drop. Finally had enough of seeing profits evaporate eh.

There’s also the flip side of some who wanted to sell moving their targets up accordingly. Who will be right in the end no one really knows.

I’m still skeptical of the rise as it’s not a real shortage of the product but rather logistics issues. What’s worse is higher prices could lead to frackers coming back to the markets.

The big one for me is 24 days from now evergrande could be in default or even sooner. The rise in the past few days on the global equities front reeks a bit to me. Looking at how gov officials in USA had the inside track on covid and sold positions with that knowledge until joe public knew the dire reality, it wouldn’t surprise me if this is a ploy for the ones in the know to offload before the reality of evergrande hits.

I remember 2008 vividly and how they kept Lehmans going and assured everyone everything was ok before the collapse hit.

Yolo it doesn’t matter it’s the taking part that counts. I’m keen to see how the ticking time bomb evergrande plays out before entering any “long” position. I still think this will have a huge impact on the overall market. Conspiracy theorist in me says the rise throughout the market not just beeps could simply be a way for big players to exit some positions but, hey as of now I’m in the wrong.

long termers turned traders here haha. Good luck and congrats to everyone who’s made some good gains. I misjudged the current supply shortage hands up on my part. I’m still short though but prob will consider closing out at 340p if it hits.