Member Info for oogleflugal

Slump days are opportunity days . Caution and good luck all

S I agree with T . Certainly try and concentrate on fewer shares> A Patel, former share guru reckoned 10 was the optimum number for a portfolio. I've only got 1 at the moment! GL

Quite right G. I think the rest of the world pity us. Not totally on the sidelines, bought a few more CNC when it dropped 15%. Otherwise trying to sit on my hands for now

To be fair S. I got lucky. This bounce isn't not based on material evidence. Business are asking Boris directly how they are going to be supported/compensated and he looks you in the eye and says he is going to give them space and time. Yeh roll another one Boris. Have just seen posts about how these investors are 'going in hard on Shell and BP. Have they not heard that there is the largest oversupply of oil in history, demand is rapidly in reversal and the Saudis are hell bent on busting their 'Kingdom' just to spite the Russians. You would have thought/hoped a world in crisis would be a world uniting. Perhaps not. I expect to see mid 4s in coming weeks

Morning BG. Yes I was a quite stunned by the sudden rise today and managed with some difficulty to sell all but one of my holdings which accumulated modestly but quite a bit more than I would have dreamed of last night. Kape with very good results and Soft Cat were star performers. But the idea from the boss of Kape that their performance won't be effected by Corona virus this coming year is quite delusional. Even make a quid on Shell, which is more than I would have made in the bank! Had job offloading the trusts for small profits which is interesting. Take care out there. O no were not allowed out. Actually. glad to see Boris looking worried for a change. Lock down the schools you idiot

Keep missing out on Ocado. I think its what keeps happening to MKS which spooks me. Are the still going to be in business when they start trading with OCDO! Anyway 9 stock purchased today including 2 new ones. 8 finished green just apart from Kape which has results out tomorrow which made 15%. The one that let me down slightly bloody Shell. I mean £9.98 , maybe it finished up but the trades go on for about another hour after closing time before you know where they finished. No matter hope you a had a profitable day. I was going to buy OCADO honest but keep getting distracted and when I get back to its flown away again. Should put in a limit buy. See what tomorrow brings

nice to see LSE put another half day re sp updates. Not a 15 minute delay about 15 hour delay!

Yes going to get a lot of volatility still V. I couldn't bare being out in the end as some things just 2 cheap, and probably get cheaper. So bought 5 trusts BP and Shell couple of techs and GSK yawn! but heh £13.50!

Anyone buying? Everytime I look at something it drops. Merchants trust dropped from about £3.70 to £3.16 rather suddenly. Sharemuppets recommended GSK, yawn Centrica, yawn SBRY yawn and Tesco, yawn. Nearly forgot and Dignity! for Christ's sake. They've all dropped but not quite so much. BP and RDSB on the other hand have bounced a little from lows and stabilised. On current form they will sell off again this afternoon depending on oil price I suppose. Yes OCDO still flying the flag of hope. My small techs that I sold last week are being hammered, so keeping an eye on them because they are the future assuming there is one. Lloyds and Barclays have halved since BXXXIT. BT and Vod not much better. On the basis that the Dow futures is down 4% I might plump for MNKS and SMT later which are mainly invested in Dow and fallen quite a bit more. Maybe should wait always some calling the market lower. Generally it doesn't feel good but as we know, the show must go on! GL

700 billion stimulus and another rate cut in the States and still the futures fall 4%. A whole raft of measures in play for the uk in coming days. This is going to get very tricky. Wouldn't be surprised to see some suspension of trading before long.

Glad you are out of PMO S. Don't like their current position which is probably why so volatile. Tullow might just save their bacon with their hedging clearly have many issues as the sp suggests 10p! Reminds me too much of Marconi. My broker at the time tried to tell me not to look a gift horse etc at 10p. Currently looking at SCT, AFX, Bellway and MRC trust which hold most of these and trading at a small discount. And of course the elusive OCDO. Came back a little at the close. They have taken ap offline due to demand taking it down. This virus is going to leave its mark alright, but I am relieved to hear my son made it out to Canada for a wedding and skiing holiday this morning. Couldn't not go. Definitely better heading west than east. Happy hunting

This is why I decided to drop BP and Shell on the bounce on Friday. On the face it a 12% div looks a no brainer, but as Buffet says anyone who invests just for dividends is nuts. Will be a long time before growth returns both in demand and price by the look of oil futures. I think there are a few stocks around that will make a lot more than 12% this year, especially if you play the swings right.
11% drop in demand fro air travel. Chinese to stop importing oil from Middle East.
From Oil Price:
WTI Crude prices are set to average $30.37 a barrel in the second quarter this year and $37 for the full year.

Russia aims at U.S. shale. According to the Wall Street Journal, Russian President Vladimir Putin asked Rosneft’s chief executive prior to the collapse of the OPEC+ negotiations if Russian oil companies can withstand low oil prices. Igor Sechin replied that low oil prices “are great because they will damage U.S. shale.” Outwardly, Moscow does not link its motivations to an intention to harm U.S. oil companies, but Russia had grown wary of the OPEC+ cuts, which contributed to a 4-mb/d increase in U.S. shale over the past three years. Also, multiple reports suggest that U.S. sanctions on Nord Stream 2 and Rosneft stoked ire in Moscow.

BofA: Russia can withstand low prices. “Russian companies can ensure sustainable production until oil hits $15 to $20 per barrel,” Karen Kostanian, a Moscow-based oil and gas analyst with Bank of America, told Bloomberg.

China’s oil trader tries to back out of deals. Unipec, the trading arm of China’sSinopec, is trying to avoid taking delivery of at least four supertankers of oil for April, according to Bloomberg.

Premier Oil’s balance sheet under strain. Premier Oil (LON: PMO) could lose $1.2 million per day with oil prices below $40 per barrel, according to Bloomberg.

Oilfield service job cuts expected. Between 1,500 and 3,000 oilfield service jobscould be on the chopping block in the next two months, according to Primary Vision.

Shale drillers want 25% discounts from oilfield services. U.S. shale drillers are demanding price cuts from service companies, according to Reuters. Parsley Energy asked service providers “to reconsider your pricing,” and help them achieve an “at least 25%” reduction in costs. But oilfield servicers are arguably in a worse position. “Anyone dumb enough to ask for a discount today is a (expletive),” a drilling executive who did not want to be identified told Reuters.

Crossed again T. Yes precisely with all your points. Have a relaxing weekend everyone.

Not surprised getting nowhere with IWEB. I guess when the market gets frantic they are all the same . Anyhow fortunately I think we all seem to have managed to close at a good time.

I think the sell off started at 1.00 probably in anticipation of Dow going absolutely anywhere. I sold shell and bp and bby for small gains. This volatility is clearly going to be around for a good few weeks. Quite a slow start this morning, then everyone goes for it before closing positions for weekend. I couldn't get any trades on yesterday after 3 which was the best time to buy stock as it turns out. Very hacked off about that.

Good morning T. Our posts crossed again!

FTSE to edge up. Friday 13th. mm . As much as I'd like to think the selling has been overdone, that doesn't mean it will stop just yet. If you don't need the cash I think this is one of those once in, I was going to say a lifetime, once in ten year opportunities seems more apt, but gradually. GL and stay calm. I think we are a calm bunch. Is there still just the 4 of us? Self isolation. Stay healthy

I do wish LSE could update the proper sp a bit quicker instead of giving up halfway through the afternoon session. Not very professional.

Interesting that China seem to have the virus under control. In northern Italy the first ten towns that were locked down there have been no new cases today. Trump seems to have learned a lesson or his advisors have, even if a little late. France is closing schools from Monday. Finally cancelled the Grand Prix which seems a shame. They could have raced but closed it to the public and filmed it instead like they are talking of doing to finish the football season. There'll be a lot of ****ed off home owners in Sandwich and Deal if the masters gets cancelled. Houses get let for the same rates as Wimbledon. Anyway I think its getting close to time to reconstruct a proper portfolio. In fact have already started. Certainly getting a very long shortlist!

Hard to say which is more irrational the reaction to the virus or the irrational selling. I think the answer is its a tie. Its a nasty virus, of that there is no doubt. The vast majority recover. The same with the markets. Unfortunately some more companies will go bust, that needn't have done. The majority will recover. Buffet says this is not as bad as 2008 or 1987. Possibly had more recovery options available then so it better not be. Good old OCDO, had to sell I'm afraid, a profit is a rare thing !