Member Info for notgreedy

http://www.bloomberg.com/news/articles/2016-03-07/iron-ore-jumps-most-on-record-as-market-goes-berserk-on-china

Maybe now. I'll be brave and get a bit positive with smallish( parallel) long.

Not yet. I don't put much value to brokers bs. They are pushing their own positions. On the other hand, today's c r ratings are nothing to shout about. Not that I think shp sp should be any higher any time soon, due to financials trickling down to us pis, but purely cos of necessity and mechanics of volatility, I shall reduce a bit my shorts and start smallish parallel longs for short play. I could be wrong but I still believe sp will come to low £30's in this tax year. Thank you shp bod for your good work.

35 points drop is a bit more than half of 60p or £60 on £1 long of special divi paid today.

Is a bit more than £60 ( on a £1 long) collect today. This indicate that buy back so price could be passed much before next divi- special divi date.not bad

Thanks Exoplanet. IMO 1 I compare business model of shp to JE. , Glen, qpp, ....- rush to chase growth by overpaying for acquisitions. 2 shp bod is playing on greed of investors winning against ration - fear. That can and it did work in liquid markets, which is no more. 3 financial ( cash is gone and sp is in big debt or will be when -if merger completed) and accounting ( qpp stile) engendering. 4 falling markets, drying liquidity, fear, panic, profit taking(shp sp more than doubled in 1.5 years?-in my case short from last year), necessity and will of mms - markets- brokers to create volatility will not end. 5 dilution, previously non existing debt cost, potential failed drags, pricing issues, potential futures legal battles that could arise from any or all of issues I mentioned, patent expire ...( GSK as example )... This is all IMO and not an advice to anyone to go long, short, buy or sell shares. I'm likely to take long at some point as a short play but will be adding short every time I think that market is overreacting. I was short when ABV to was on on a of chance that to will not happen, taking a view then, that loss I could take from those levels v profit should thing get undone was worth taking. It worked. I took a view that sp of £58 was silly and took short again, and again.... This is a summary of what I was talking about on this Bb for the past year or two and not an advice. Gla

More likely than not to close all my shorts around £31 ish, not wanting to wait for the last drop of shp's blood, or within next couple of months.

The question is how low in £30s can shp sp fall? IMO , volatility of sp here will only grow, plenty of ups and possibly even more downs to come.

Just what was needed for toping up, even more, my shorts. Luckily I've closed all my longs on Friday. If shp bod is to coff up £8bn in cash, I would be looking for drop in sp to £38ish by end of March and below £35 by Jul if to successful. Ne debt levels would need more financial and accounting engendering. Pity shp bod could not stop thinking that could outsmart market by "expanding" instead of just woking hard to add value for shareholders. No much divi to defend sp drop. Greed is the name of the game, but this bod is to transparent.

To start thinking about reducing longs and topping up, what is left, of my shorts any opinions?

Will start long (50p) tomorrow, most likely. I had to wait couple of months longer than I thought it would take to hit my sp t, but it was worth the wait. Now I can put guaranteed stop on the rest of shorts and let it ride till Janet opens her mouth again. Rhambo, are you riding this mare?

I m beginning to reduce . small ?long order at 4031p let's see if it gets filed today.

Here we are

Could be time to entertain thoughts starting parallel long? Hmm . Rhambo what would be your entery point for long?

Not even I'm that bearish on Shp. Sp target 237 or so relates to spire not shp, wrongly entered on shp board.

ETFs with SHPG as Top Ten Holding (100-Day Price +/-) WBIA -14.49% WBIF -7.94% WBIB -8.65% IBB -14.29%

Hi queeny, how you been? U r right about juvenile language used on some bbs. Even, perviously quiet glens Bb is contaminated with same, hence I lost a bit of interest in posting. I've taken shorts on mostl cos that anounced buy back in last year or so( except next ). Got out of rr. strait after taking cash option as divi not shares it was around £11, of the top of my head, with very small profit. Anyhow, I took a view that negativity will return to markets ones fuse 7000 points was passed. IMO, movers and shakers will make money whether markets are going up or dow, or shall I say both ways. One might think that ftse will not slip below 5800 again, but IMO Monday coming might not be as black as last , but 2-4% could be shaved off. If that happens than rr. Amongst many others will suffer. Negativity on markets near the end of year could be longer hence my guess of£3 ish for sp here. Good thing about prolonged negativity around year end is that new year could see strong rebound. Anyhow, have you relocated to wormer climates if you have you might be hassled by ,your bank(s) with new compliance procedures. Be good queeny and hasta la vista baby.

If you go back to last year posts on this BB and observe conversation I had with queen elvis you would see direction I took.i guess it might be to late for you but new investors should consider all the negativity associated with rr. ATM. Sadly one will make more money shorting this days, but rr. and other big cos have been here before. I'm not saying rr. Will go belly up but IMO there is more downwards pressure on sp then up. If you can sitt long enough on your position here you should make money. IMO should rrs sp get near £3ish roomer and speculation of a TO will push sp back up.

Yes, good product and know how is there, but can't compensate for drop in demand , exceptionally bad bod and a bit of general negativity on equities -markets. I sold all my shares last year when bod declared 1bn buy back in the sane breath as they wore informing us of contracts cancellations. Short term approach by big cos this days will devastate any good co. All that knowledge and effort by hard working people could be completely counselled by selfish and inept bod. For those reasons I'm short on and off since buy back announcement. I would like to think I would take up long ( parallel ) from 300p ish but....

Would indicate sp of about this level 640 ish. Add fear panic confusion disappointment acceptance ... I think another 10% of sp to come by Tuesday , and beyond who knows.