Member Info for mojo7865

Don’t think it impacts too much doesn’t look like the buy backs have much effect today perhaps a bit of an uplift tomorrow if the markets allow it. Not sure if the options expiry will matter much tomorrow as the falls today across the board has been steep but never say never.

https://www.cnbc.com/2021/08/19/coal-prices-the-worlds-least-liked-commodity-sees-remarkable-rally.html

Ditch oil for coal lol read that because gas prices went so high those parts of the world like China and India have increased their coal usage and there is now a shortage building. Go figure glencore should benefit from that as they've doubled down on that dirty product.

https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/5B86DBF3EBE069DB8525857F0027DBD0/$FILE/Jerome-H-Powell-2020-278.pdf

One thing i know about markets is they don't like uncertainty the tapering has led to uncertainty in that it's going to take a while to see the impact of the fed pulling liquidity out of the market this is just the larger market pulling out some positions and taking a wait and see approach. If the numbers later in the year are not that bad and things improved then the cash will come back into equities. There has been a few ft articles indicating last month large number of positions have moved into defensive assets such as utilities etc. What we will see though is plenty of trading opportunities as this has brought about volatility.

I think that’s discounting the fact of China slow down/ lockdowns and the fed beginning the process of culling the loose monetary policy there’s more drops ahead next couple days I think.

Waiting for the Americans to do their bit this afternoon and pretty much sell off so many opportunities out there.

Fed tapering hammered the market

Keep an eye on Glencore i did a quick buy on it this morning at 3.19 might look for a quick flip on that for 323-325p it's no stamp duty so you can trade it a bit easier than most. Took a small position though . I would wait before putting any more cash in as a possible fly in the ointment is the fed tapering minutes which is after hrs today and options expiry Friday.

Fair play I think Jaye was the person who bought don't know if they pocketed the rise hope they did in any case if they did buy on Monday they would still be in profit. I think at the moment miners are in a sticky position they will make profits for sure as long as Iron ore is above $30-$50. With the china crackdown on steel though the profits will be a lot less come q3-q4 so if analysts predict big profits and miners don't meet it then the prices will fall back sharply. Most the money to be made on miners has been made near term. Short term - Long term demand of iron ore which has driven profits looks a bit blurry analysts are predicting a year on year drop of iron ore prices. I think it won't be as bad because a lot of iron ore is going to be needed for these big infrastructure projects.

Cong if you’re asking me yes I sold first thing in the morning I never hold anything that rises more than 5% in a day.

Across the board today Rio glen anglo all down bhp gains all but evaporated almost 2 quid off the peak.

Obviously still a way off but another story which won’t help

https://www.bbc.co.uk/news/science-environment-58252784.amp

You’re right about supporting the sp from a complete free fall in regards to buy backs but isn’t that something to worry about in sept? Buy backs in my opinion just help people trade the share. l’ve traded in and out for a few pennies since the buy back more than I would cause the buy backs always trigger upward pressure after a drop of at least 4-5 pence enough for one to make 1-2% a trade. Once the buy back finishes end of sept what’s to stop the sp drifting further down? In the end I think a lot of people are doing this and in reality bps buy backs is taking money from you as investors pockets and placing it into the traders pockets.

Hi Mark

Not sure on entry price for RIO at the moment I'm focused on market sentiment to guide me on that one if I do buy ill let you know but, and at the moment I'm sitting out. Every time the market looks as though it will drop it recovers once the UK markets close. It's a peculiar situation where the bulls keep buying the dip. Not sure when that exhaustion will run out.

With BP I think it will stage a better recovery come Christmas January time once we see some better figures Covid wise too there are large parts of the world still lacking high enough vaccinations. For now my honest opinion on it is that it's a 5-6p swing trade if you can get it right every time it dips lower the buy backs pull it back up this will continue till the end of sept really as there is no real news flow forthcoming. The buy backs don't really benefit BP investors tbh.

No worries Mark I think BP will come up good how good not sure but, I've def moved away from the thinking of it seeing 5 quid anytime soon. The world has changed too much to ignore those factors holding the SP back really. On another note RIO is looking tasty after the big divi pay out it's just a matter of timing when to buy but, I'm also watching China and their iron ore price manipulation.

Don't know about that but, the FTSE 100 has been dead in terms of recovery since 2016 never really peaked over the 7000s. There needs to be a shift from the financials/insurance and commods. BHP though their management has played a blinder in how they're planning to offload the oil and gas portion of their assets. They have been doing that for a long time now past 10 years they got rid of assets that were not part of longer term sustainability. It's no wonder why Shell poached one of their guys who was strategic in BHP's transformation something I mentioned months ago.

https://www.ft.com/content/4f79374f-2b63-4d65-bc47-2d4818253db1

I think the FTSE just lives off of reputation really London etc but, as time goes on it's a waning power compared to even European and Asian exchanges not just USA.

Looks like the ftse 100 will be losing a big player in bhp come next year if the vote wins. Looks like climate pressure in U.K. is forcing them to leave.

https://www.ft.com/content/47e226aa-315c-48e3-aef3-44f83075dcc3#comments-anchor

I don’t see this as positive lse will be losing a big share in bhp hope holders don’t approve this. I sold this morning as it was a short term trade but the thought of de listing from lse almost scared the life out of me. Something tells me
This is more to do with climate pressure in the U.K..

https://www.ft.com/content/47e226aa-315c-48e3-aef3-44f83075dcc3#comments-anchor

No problem I almost had a heart attack reading the news prior that they could delist from london stock exchange but don’t think that’s the case.

Haven’t seen anything officially yet I just sold this morning to bank it will sit out till options expiry now.

https://www.afr.com/street-talk/bhp-to-scrap-dual-company-structure-transfer-investors-to-australia-20210817-p58jfk

Bp in my opinion is having a tough time sp wise because of an identity crisis one foot in and one foot out business approach not satisfying the oil investors who want traditions big dividend and the activists who wants immediate de investment in fossil fuels and direction of funds into renewables. It’s a difficult task to manage and they’re in limbo at the moment. Neither method is viable from both investors perspective and what looney’s gradual transition is the right approach however it’s 5-6 years late in the game. When oil crash in 2014-16 the senior management needed to make the company resilient but instead chose to continue to keep their hands tied behind their back. The problem the market fears bp being at risk of holding stranded assets look at the following article for an idea of what I mean. https://www.ft.com/content/4e8e23c2-3222-47ae-a54a-2defe1f1199a Bps not going bust anytime soon but the sp over the past year has shown greed isn’t what it once was and that’s partially cause greed has found other equities commodities and cryptos to profit from. Bp is no longer in vogue unfortunately no matter how much it tries to change it’s brand and motto.