Member Info for Redtom

Given how volatile GLEN normally is, today's movements have been in a very tight range. Can't call whether it will break north or south. Coin flip?

Ken,

I think the analysts will be more concerned about future earnings (and influence of a China slow down etc) of GLEN rather than the 2018 results due next month. This may already be baked in but I'm not so sure. Very difficult to call.

Tom

Ken,

I just read an article where they said they were amazed that commodity stocks have not taken a mini-beating this morning based on China GDP data. Either the MMs have shrugged off the China data or any reaction is delayed as it is too difficult to fully trust the economic data. This makes me a little nervous and in the absence of positive news, I can see you hitting your entry point tomorrow. I might wait a bit longer before jumping back in.

Tom

Billy, I may miss out but I personally think I will get back in within a week. I sold roughly half my holding on Friday and the rest today. These were all bought sub 290 last week so the rise was big and rapid.
I think there will be a lull and modest fall before we go above 300 again.
May be wrong but we shall see.

Ken,

Like you I am now 100% out of Glen.
I too think there will be entry points around the 290-294 range over the coming week or two.

Tom

Ken,

GLEN never goes in a straight line. Just look at the chart over the few months.
You will get your price, maybe not today, but you will get it based on recent history. Whilst the markets seem reasonably settled since Xmas, I think think only a small issue could spook them once more. I think the US Shutdown could be the trigger point. If both sides fail to get a deal soon, the US economy will start to suffer and their politics will become even more extreme which could destablise the world's economy.

Ken,
Funnily enough I did think about it too. I'm holding 100k of shares so I'm extremely exposed on GLEN. But I can't call it either way. There are many factors suggesting a fall (China GDP, Brexit, end of recent run) but at some point GLEN will get through the 300p barrier and will probably hit 320+ if results are good. So difficult to call.
But I know what a nice feeling it is to remove the stress/risk.
Good luck Ken. I think you may get your re-entry point sooner rather than later given how volatile this is.
Tom

Hi Ken,

That's the sort of thing that I do.
But I thought you were holding?
What made you close out everything?

Tom

Billy, are you from the Midlands by any chance?

I'm about as South as you can get. My feet get wet if go any further south.

I like IMB but I've tripped up with it a few times.
I am likely to buy it soon but need to pick a 'down day' me thinks. What a great return you're getting on £100k! About 20 times what a bank would give you! Nice one.
Regretting my 'sell across the board' decision on Tuesday- oh well, can't win them all.
Unusually for a Friday, but I look forward to Monday!

Ken,
I know what you mean. I almost bought more at 297 too but bottled it. We both should have done it Ken. We know it makes sense!

Hi Scfc,

I am the same person from Shire board. Shire was my dream stock of 2018. I was very lucky that the deal happened when it did and Takeda saw it through. I actually wish I had kept the holding and turned it into Takeda shares given their rise after the share for ************** albeit the exchange rates are going against us.

The lottery numbers are 09 23 34 36 40 42
As Eric Morecombe would say, they are the right numbers but not necessarily the right week.

Glen is a great trading stock (as was Shire & Randgold) and some big profits/losses can be made here.

Good luck and keep your posts coming as you obviously have a great inside knowledge of the City and of share dealing in particular.
Tom

Was lucky & quick enough to get 2 sell trades over 302p then price dropped quickly

Thanks Ken. But I didn't sell all as still got a decent holding hoping for the gains that you speak of.
If US/China can sort out their differences then Cu & Zn are likely to rise further on likelihood of a stronger China economy. Coal price is becoming equally important as you pointed out the other day.
We will find out more on Feb 1.

Seems like a lot of sellers as soon as it broke 300+
Been dragged back a bit until the next run.

I just sold 45k in the 301s. Could not book the profit with a 4% rise. Well one all the holders.

Pete, still holding. Feel as though 300 is going to get blasted. Not necessarily today but soon.

Ken, very wise words as it hits 298.5 only 10 minutes later...

Ken, exactly. She's £2.5k better off than she was yesterday so she will be very happy. Even happier when I tell her it is in cash as she is not a risk taker at all. But she leaves all her investing up to me. That was her first mistake!!