Member Info for nomlungu

I am truly grateful to have your permission to criticise the government - your blessing has made my day.

Thank you.

The statement is correct - however, shareholders opinion of the fundamentals certainly have changed as time has gone by. The share price had collapsed even before the price of oil did, the collapse in the price of oil just made the situation even worse.

Many statements are made along the lines of 'we know' when they should be stated as 'I think'. If people actually knew all the fantastic facts that will send the share price into orbit again then they would be keeping their mouths shut and buying as many shares as they could to take advantage of their knowledge - but the share price languishes at a near all-time low.

A little dose of reality never hurts the long suffering...

LochinvarLass,

Just don't criticise the Government, let alone Boris. They are not responsible - blame the Chinese, Labour, SNP, Greens, Brexit etc etc.

Market Makers must have faith?

I have been listening to Stephen Nolan questioning Gov ministers / apologists for quite some time. Nobody has brought up Bluedot yet despite our Gov subscribing to their services. They raised the problem in December last year...

https://bluedot.global/

We have been badly let down and nobody responsible has apologised yet; it does not inspire trust in the actions they are now taking.

I know that solar power plants are investigating molten salt but this is new to me even though it is a retro nuclear design:

https://www.knowablemagazine.org/article/technology/2019/nuclear-goes-retro-much-greener-outlook

? - what positives.

People buy shares in the expectation of making money, not losing it. To date a few traders have benefited, the 'long term holders' are bleeding out.

An interesting article titled 'Engineered proteins calm "cytokine storms" caused by severe infections' - apparently there are immunotherapy implications:

https://newatlas.com/medical/proteins-cytokine-storms-infections-treatment/

Skwizz,

The aftermath of the virus is a severe yearly flu that will reduce life expectancy, which will reduce demand for fuel indefinitely. We are entering another 'slump' - the US encountered the Great Depression as it had had a period of sustained growth before the economic crash in the thirties that the UK had not.

Demand will not recover and austerity will not end as there will be insufficient workers to pay off the debt currently being incurred. Over production of oil cannot continue for much longer as most storage facilities are close to full - where will they store the excess production? As you say, some currencies will be valued less and the value of the $ will crash; which is why oil will end up over $100 a barrel.

The dystopian future is unlikely to reward oil investors who buy and hold - only traders who feed on volatility will profit.

'The bad news is that the magnitude of this outbreak rivals that of the devastating swarms that hit the continent 75 years ago. Beginning in 1948, locusts multiplied out of control in Africa, and didn’t stop until 1963.' This is getting out of hands and will impact grain prices for years. Trading grain futures is considered immoral by some but can be very profitable.

https://www.motherjones.com/coronavirus-updates/2020/04/theres-another-plague-this-one-is-of-huge-locust-swarms-in-africa/

Or there may not be - time will tell if their approach works:

https://bit.ly/2XHDDoB

'we are quite happy when we send soldiers into battle'

A disgraceful comment.

CaptainStanley,

If Cheeky Chappie gets put out to stud he is more likely to be 'shagging' mares than horses (maybe a filly if he is lucky, but not many are sent to be covered so young).

Trump on Twitter:

LIBERATE VIRGINIA, and save your great 2nd Amendment. It is under siege!

Dangerous.

https://twitter.com/realDonaldTrump/status/1251169987110330372

Some of the rises that are happening do not make sense - give it a few weeks and reality will come back to the market.

I would rather miss out on a rise than get burnt on a fool's false rally. Every share on my watchlist is 'blue' but all still are overpriced according to my models. And, if I had not trusted my models, how could I have retired in my forties?

I am not sure how many are aware of the Doomsday Clock and the Bulletin of the Atomic Scientists... Their recent article about COVID-19 is worth reading even though it is alarming:

https://thebulletin.org/2020/04/covid-19-and-the-doomsday-clock-observations-on-managing-global-risk/

To cheer myself up I am going to buy a couple of Florentine Steaks.

Free Youtube entertainment for the retired Steelworks workers:

https://www.youtube.com/channel/UCcMDMoNu66_1Hwi5-MeiQgw

Ruck,

C7 had posted the comment below about an article written by Prof Helen Ward in the Opinions section of the Guardian.

'Shock Horror Reporting, lol..................... THE GUARDIAN comrades'

The point of my post was that he could use the script so that he would not be exposed to such 'objectional' journalism - that way he would not have to complain about articles written by one of the UK's leading lights in epidemiology.

I would rather people self-censor than complain about what they have read.

It is also 'possible' that Valirx are involved in the creation of anti-matter, air breathing rocket engines and diamond mining on asteroids.

#RAMP #RAMP #RAMP #RAMP #RAMP #RAMP

Placing was at half a penny; now people buying at 2p.

What price are they hoping on selling at; when will someone make the Covid-19 link?