Member Info for Redtom

Day,
That devil on my shoulder got the better of me again and forced me to buy a shed load of BP at 305p. Missed Glens at 151p unfortunately. He is very persuasive!
Tom

Thanks Billy and I totally agree with you. There will be loads of ups and downs so I will book any profit and wait for another opportunity. This market will be volatile for many months ahead I reckon.

I took Fira's advice and sold the lot. Quick in and out. No idea where this market is going.

Pete, did you see that SUK2 hit 1000p earlier. Was 798p when we mentioned it late last week. Worth keeping an eye on for future.

Day, I had to do it. The devil on my left shoulder ordered my hand to press the buttons whereas the angel on the right was telling me to be cautious.....

Hi Guys,
Rightly or wrongly I bought some Glen & RDSB this morning. Shell in particularly looks ridiculous at 1245p. Yield is crazy. Now whether we are anywhere near the bottom is anyone's guess. Catching a falling knife normally ends up with deep and painful cuts for me! Still cant decide where Glen is heading but no stamp duty makes it easier to trade. GLA

Jumped in a bit early! Whoops

Bit the bullet and back in at 212.3 average. No idea which direction this could go though!

Hi All
Carnage in the markets today but buying opportunities all over the shop. What is a good entry point for Glen? Seems ridiculously cheap at 213p!

Ken, thanks for your message.
Stupidly I closed out my large position on Friday that I had bought last Wednesday. Made a lovely turn so decided not to be exposed over the weekend. HUGE mistake. I would have made a killing today. Ah well, win some, lose some.

Is Glen a buy at these levels or is everything going to get worse before it gets better?

Guys,
I realise that this is off topic but have any of you 'invested' in Suk2 (this is the ticker) ETF? Given the negativity around at the moment I have found this a great trading item. No stamp and tight spread. Gives twice the FTSE movement so you gain twice the fall (and vv). I really like it and no volume issues at all. Just a though if any one looking for a hedging tool or for pure speculative trading. I don't hold Glen at the moment but watching with interest from the sidelines. Glen is by far my biggest trader over last couple of years. But SUK2 is catching up a little bit. Not for the feint hearted. Good luck all. Tom

Anyone else on here join in the fun that is called trading NMC. What a volatile stock it is. Big gains and losses easily made!

Bob, I have been watching Tui closely but not committed as yet. Think it could get worse before it gets better.
Billy, agreed, once the Chinese economy functions normally, copper & cobalt demand will increase as will the SP of Glenda. But not sure amount immediate short term. Think we could have a few drops before bottom reached. Good luck all.

Back out again. Having read those links I think the expected rise in demand for copper and cobalt is down the line. The fact that Chinese commodity dealers are reneging on existing deals makes me nervous. Also who know what could come out over the weekend.
A profit is a profit. Good luck all.

Thanks Far End. A bit disappointing but I get it.

There's a lot of volatility with Glenda at the moment. I'm back in again today after the fall this morning. No idea where it is heading in short term but the near future demand for Copper & Cobalt surely must propel this upwards soon? Again, time will tell. Good luck all.

Ken, well done with your Kaz. I sold mine about 3 weeks ago regrettably.

Hi All,
It makes a change from most trades over the last 12 months but it seems I got lucky with my timing. I put my house on Glen last week and was feeling quite depressed to find myself nearly £20k down after two days but the last two days have been magnificent for Glen holders. I could resist so I sold the lot today around 237.5 - 238 for a great profit. I'm enjoying trading this again after taking a bit hit from those I bought last May and got stuck with. It does appear to be a good trading stock down at these levels. Good luck all, Tom

After the quick in and out a few days ago I decided to rinse and repeat. Big stake bought today in 224-225.5 range. Hoping for quick rise over next few days or week. This is a great trading stock if you can catch it right. Whether I have, time will tell. Good luck all.

Hi Guys,
I've not held Glen for a few months but I did buy a huge slug yesterday at between 220 and 221. But I too was worried about it falling further so I sold it all today in the 227 to 228 range. A stressful 2 days as you can never tell with Glenda but a profit is a profit.