Member Info for mojo7865

Congrats to those who bought on the dip bold moves rewarded. Evergrande bonds due Thursday so I expect more turbulence ahead.

https://www.cnbc.com/2021/09/20/shell-nears-9point5-billion-deal-to-sell-west-texas-oil-field-assets-to-conocophillips.html

Fair points there thanks for your response.

That’s quite bold neversellshell with a collapsing iron ore price/demand destruction in chinas construction industry. The miners look cheap but remember iron ore was 220 in May now it’s $100 dollars big difference. Divi will be slashed into q4. Intrigued to know your reasoning?

920 points right on queue interested if it goes beyond 1k points today

https://www.ft.com/content/952923b7-f421-407e-b14a-ad2ff190a134 Relating to evergrande group

And I thought 10% was bad lol 20% drop in sp would decimate a whole bunch of shares.

“We think the mid-cycle transition will end with the rolling correction finally hitting the S&P 500,” wrote Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. “We point to downside risk to earnings revisions, consumer confidence and PMIs.”

Wilson said he believes a “destructive outcome” is looking more likely that results in a pullback of 20% or more. On Friday, University of Michigan’s September consumer sentiment index came in at 71, just slightly above the August level that was the lowest in 9 years.

Mark did you see China having a possible leman moment last week ? With evergrande group? That could be squeaky bum time.

Not too keen just yet mark possibly risk 5% on that position but I’m waiting for the correction this could be the tip of the iceberg.

Dow having its backdoor kicked in atm

I think if the down falls further nothing is safe wouldn't be a shock if the yanks pull this down later in the day. I'm expecting the Dow to be down more towards the USA close tonight 9pm. I would sit on your cash for the time being Mark see how today plays out. Fed will talk more about tapering this week a few bank rate decisions this week may give an idea of when rate hikes are due. What I'm hearing across the board is that companies of all sizes are locking in lower rates for longer. I'm expecting an anemic market for the next few weeks into October due to lack of incoming money. You can sort of see fresh money is no longer pushing things to new heights. A few analysts believe we are looking at either a 10% rise coming or a 10% or more percent drop no one really knows but one analyst who was on cnbc i think last week was saying if the correction comes putting in money now could lead to some pretty permanent losses. Looking at RIO and the rest of the miners wouldn't surprise me if some people had to wait years to see high 50s to low 60s again. When oil was booming at $120 dollars a barrel and you had the wild west of drill baby drill and companies like rkh,des,bor,char and xel to name a few going from penny shares to 2-5 quid shares one analyst said no one needs oil at $120 dollars that's when people tighten their belts. A lot of analysts shot down that comment saying oil would reach $200 alas it didn't and crashed down to $60s and hasn't reached the dizzy heights since. Iron ore could end up being the same thing. Anyway enough of my rant enjoy your day and stay safe.

Dows tumbled 450 points pre market could be a rough day across the board. Rising gas prices/crisis could provide an anchor for the oilies though.

Position closed out didn't want to get greedy enjoy your weekend.

https://ibb.co/qxpznqQ

Not really the drop i was expecting far more tbh but drops a drop. I see support at 298 since the sp broke out but don't know where it's headed tbh. main support around 285 mark.

whoops did a Marty Mcfly there meant 2022

At the mo when it comes to the ftse I can't see anything near term. I may join the bandwagon in q4 or 2020 q1 and buy reddit if it lists.

Got to consider a 50% drop in iron ore prices and the doubling of most the miners in share price over the past year was always a balloon that would pop bottom fishing on it will be interesting I have rio at £45 as a good buy in and glencore around 3 if it goes there. More keen on Glencore.

So sure am I. I've done something filthy this will erk some lol.

https://ibb.co/LZKX6Yh

Mark you sound like you're having regrets downsizing your holding. Quad hasn't even started yet give it time lol the miners would beg to differ but it also has something to do with the tumble in iron. I still say this will tumble before close the past few days was an opportunity to reduce and cull holdings not to add in my opinion.

Cong cash is king at the moment many companies hoarding it including banks specifically JP Morgan ironic though right you would have thought gold would of broken $2000 in days gone by.

Mesh if you don't like my response I'm not too bothered if I had no idea about investing I wouldn't of gotten majority of my calls on BP right sold out in the upper 320s sold out at 307 then it dipped to 280s protected myself from close to a 10% loss. It's called capital preservation meanwhile buy buy buy mantras have given majority of holders losses that they might not recoup from.

I keep telling you guys coal is where it is at at the moment but you choose to go with a company which has the pressure of the esg brigade piling on it. BP will never be seen as a green champion because of it's history you can polish a turd all you want branding is everything. Why do you think Paul Singer wants to break up SSE green division for the fun of it?

"Oil could hit $100 dollars" yes and pigs can fly. Oil has been 70 and over for months higher than it was pre covid. The supply and demand has improved more than it was in 2016-2019 where there was a lot of overstock from Frackers. Yet the price is 300p what do you know that the market doesn't the share is priced where it is for a reason and there is multiple factors for it. $70 is the sweet spot for Saudi and Russia they don't want it higher as it will cause massive headaches.