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Today’s rise is a surprise to me given copper has fallen quite a lot since about 5pm last evening...do I wouldn’t be too surprised to see this to head to the low 320s fairly quickly (ie today/tomorrow) but as you say, who knows! ATB, Scfc
TheFarEnd, yes, the longer you leave it to “accept” the more likely the ‘touch price’ has moved on the LSE and the RSP (via the broker you’re using) will reject it. It can actually happen in the very first second of the 15 secs, especially with a very volatile share like Glencore but yes time elapsing makes a reject more likely. ATB, Scfc
Same with all brokers. If the price is falling they won’t hold the higher price for the 15 seconds...I often see this when comparing the price ‘quoted to deal’ versus the Level 2 feed which can change every second. ATB, Scfc
Ken, yes Shire was a v good share for all. Actually Redtom and I first ‘met’ on the ADFVN BB of Shire...we were both very sceptical as to how Takeda could fund the deal but they did so a big jump in SP ensued. I do use charts as well but am very wary of them due to too many external factors esp. Trump! I can see 302 but 320 is equally possible! ATB, Scfc
Hi Ken, yes, I do use Level 2 but it’s still not easy with this info as this is easily the most volatile large cap share I’ve ever traded. Moves incredibly quickly, both ways...Shire was a breeze to trade in comparison! ATB, Scfc
Similar reasons to why it can go up a similar amount for no apparent reason in a similar timeframe. I personally don’t subscribe to this MMs playing games theory, it’s just supply and demand and there has been a huge influx of sell to buy orders/volume this PM. Where next?...if only we all knew! ATB, Scfc
BB, I take it from your numerous posts that you’ve never studied economics. c90% of learned economists know this is a bad idea for our economic future but it appears you are too blinkered in your own thinking to look at both sides...it’s called critical evaluation, a real strength of any good economist! Looking forward to your almost instant reply ;-) ATB, Scfc
As most will know I voted Remain and still believe that leaving without a deal will cause considerable economic damage (for us and the EU, especially in the S-T) but nevertheless I think we have embarrassingly capitulated throughout this latter process and this latest attempt to essentially beg for an extension (solely to allow 3 more months of tit-for-tat argument but no progress one assumes) just strengthens the EU’s bargaining position further. I think the whole process has ironically united both sides into agreeing this has been handled so incredibly badly by our MPs, the main political parties and the E.U. and everyone is sick of the whole mess we’ve got ourselves into. Shambles! ATB, Scfc
Hi pasty, yep Stoke still struggling :-( I love the no doubt largely older, wealthy(ish) folk on here who just don’t understand economics and then state nonsense without a clear chain of reasoning. I care more about how this will effect the average Joe...I will get lots of stick with this statement too. Nice to talk to a sensible chap, have a good day. Unfortunately it’s now hard to have a sensible debate without resorting to aggressive posts (as to how to deal with the massive issues left by Cameron’s error of judgement). Need to get on with some work but look forward to reading the abusive comments aimed at me later :-) ATB, Scfc
BoomerBower, I clearly have more wisdom than you as you think a GE is advisory when it isn’t. Unlike a referendum where there are 2 types, mandatory and advisory. The EU one was advisory. Let’s stick to facts. Economics is my degree (hope that makes me sound more pompous)...Friedman was the only decent economist. Please don’t talk more nonsense.
He’s dead! If you want a sensible debate I’m up for it but please don’t resort to nonsense replies. You raised the advisory point and I agreed with you, as well as pointing out the same applied to the referendum itself. Scfc
Where do I start. Firstly we have never stopped trading globally. The terms and tariffs may differ under new deals but the EU (given our geographic position) should and will always remain our most important trading partner. The naivety of some just don’t understand the economics of the no deal situation...you will find very few businesses and economists who believe this is a good idea and there are too many shouting just get in with it (without explaining what it is). The issue started with Cameron offering a vote he thought was an easy win and which he got spectacularly wrong. The complexity of sorting out this mess for a future trading relationship is enormous and May was given an impossible task given the division in both main parties as with the electorate. ATB, Scfc