Member Info for Shaun_LSE

Whoops I didn't see this!!
Rio Tinto slashes dividend as profit plunges on slower China demand"
Tradingview has their Div at £3.72!!
https://www.reuters.com/markets/commodities/rio-tinto-annual-profit-falls-379-slower-china-demand-2023-02-22/

Back down to £47!

22-Feb-23 JP Morgan Cazenove Underweight - 5,380.00 New-coverage
22-Feb-23 Berenberg Bank Buy - 6,700.00 Reiteration

A large difference! Supply demand basics: demand in 47-50, supply in 60-63.

Last cycles it tended to hit 50-53 before bouncing back up to 60. Might be an opportunity to take this swing and snag the lovely dividend. Will take patience and luck though!

I'm hoping for 151.

Probably a hedge/pension fund or investment group had a buy order there.

The market in general has reached the top of this bull run. Macro economic conditions point to significantly weaker growth and hence energy demand.
Still, I topped up at 126 again today, 6% dividend announced, keeping a balanced portfolio, if you're worried about a little drop like this then you're over exposed.

Why are they repeatedly delaying the quarterly reports?

What? They'd be 16% down by now, that's crazy.
I've a feeling we might bounce here and head back down to 1700.

If it hits £26 again I'm selling all my bond ETFs and buying!

Hopefully a bounce up to 3200, it's happened several time from 2950, if not, then it's still nearly 8% yield at these prices.

Well, on the weekly time frame this setup is calling sell, I forgot to check that from the daily, where it looked good. The pattern looks identical to November, and it seems to have shifted to a weekly "sell" signal on all fronts, but we might get a bounce to 860 if I'm lucky.

https://www.tradingview.com/chart/FRES/YOi0Jc6y-FRES-Going-Long-Perhaps-not/

Well, the chart says it cycles from 13-17£ every 6 months or so. It doe look like creep back up to £17. Glad I bought in at £13, GLA!

It's still up 33% from pre pandemic average.

It's in the green and showing positive movement above the resistance. If it drops down past my stop loss I'll buy back in on the next bottom. Win win!

Well, the PE ratio is very high, but it has broken out of the downtrend as of oct/nov 22.
Seems to be good support following this bullish channel. I've just purchased a small position after this 2-week downtrend. Price action, MACD and RSI looks good. Stop loss tight at 8.17.

Here is my analysis...
https://www.tradingview.com/chart/FRES/mFQ2gViU-FRES-Going-Long/

I've seen the NAV as 167 now, can anyone confirm that?
I sold the shares I bought at 140 for 160, made a good profit, I didn't see the volume behind this price rise, I expected it to fall back to 150p.
Hopefully I'll sell more at 168 again and buy again on the pullback.

Oh the urge to sell is overwhelming. But from a lot of experience the moment I capitulate the bulls take control, and I'm late buying in!

This does seem like a prolonged dip, with three lows, each lower than the other. However, each has a divergence on the RSI, and there has been a contraction in volatility, suggesting a reversal. This looks like stop loss hunting and a lot of buy orders at 3040 region.

As soon as we see some green everyone waiting for confirmation will pile in... I hope!

That's why you have to protect your capital! Set a stop loss and get out, or spread your capital around many companies and take average growth into account.

If you look at any individual company it'll tend to 0 on average, corruption, greed, mismanagement and competition will ruin most over time. Diversify, reinvest dividends, balance with bonds for a low income, cash in ISAs, buy the big dips and set a stop loss so you don't lose money!

I see this as a big dip and a return to mean, so have purchased a bit for a bounce back.

I can't access any guilt/bond ETFs that pay over 3%!
I bought in at £30.80, hope to sell at 33.30! Stop loss at 30!

Good time to buy for this upswing. I see all Directors sold in mid 400s, surprising they didn't buy back in on the dip at 290.

Not sure oil exploration is profitable considering tax and recession double whammy. Hence I'll sell at next swing high.