Apple 10% down now. Not a glimmer of hope this New Year (
The only one that's going up is CEY. 7% today.
Glen 269 copper 254. Well this is sh:it in a bucket......
Oh and scoop, maybe Glenda will be sunning herself T.I.T.S out in 2019 as well. Lorra laughs here )
Thanks guys. Have a great Christmas too. Lets hope Glenda will be sunning herself in 2019. ATB.
Guys, remember this is the shortest day of the year. From tomorrow onwards things should get brighter. ATB.
Dont think there is a trading statement on the cards TL. The SP would be on the move up with anticipation if there were one in the pipeline. With the FED raising rates last night and the prospect of at least two more in 2019 we're finishing this year in the doldrums. Markets are in an unhappy place at the moment and IQE with no news coming up will only get sucked into the overall equity decline. Lets hope for a good start to 2019.
Well done Pete. This is my strategy too but I hesitated yesterday and am gutted I didn't do it. One thing is for sure is that this cycle of boom and bust is still with us. It gets to 296-297 then drops to the mid 280s regularly. This used to be over a couple of weeks, now its once every couple of days. And with the Fed sure to raise rates last night markets were almost guaranteed to drop. I'll be on it the next chance I get.
The Fed's rate rise was priced in and is in line with what markets thought, so no surprises there. What is a surprise though is the potential rate hikes in 2019 may be less than thought in a somewhat dovish FED statement. The Dow fell off a cliff on the announcement but recovered a while back, though now on another slide. Odd as the rate hike was priced in, but its any excuse to sell off a market. Dont know where this leaves us tomorrow. I was beginning to regret not selling some Glen today and pick up on a dip, but now I'm not so sure. Depends what it does to the Dollar I guess.
Yeah, though I wonder what the Fed decision will do to the SP tomorrow. Any thoughts?
Thanks Mandrill. This strategy has worked for me in the past, but has also hammered me too. But the repeat cycle of Glenda's boom and bust at around 10p a time has become almost routine and for me it has to be tried.
The Fed meeting tonight US time should be interesting, excuse the pun. At the moment the the markets are on the up so there maybe a little positivity in the air for once.
Nice bounce up. Maybe Yanks are doing us a favour here. Like you Ifonly1 I'm tempted to cash out at 300 and wait for the inevitable dip too. I'm averaged at 326 but a swift high to low is only gonna help.
Oh, and no more arguing. Peace and goodwill.
Come on Glenda, give us a Santa rally. Seems to ticking up at the mo. Lets hope it continues.
Interesting that there's been a rise this morning despite the blood bath in the States last night and then the Far East. I fully expected the SP to fall rapidly on opening however we are on a sustained rise through the morning so far. Shorters will usually take any wobble in the markets to hit IQE hard. Interesting as maybe there is more appetite to close the open shorts at this SP level.
Weirdly enough Glenda's up against its peers this morning. I was expecting a blood bath but am also relieved this is not down further. Sick of seeing red everywhere though.
Where is this going I ask?
Why the big fall today? From 71 to 63.5 at its worst or about 6%. Thats huge on this current SP and much worse than other equities that have fallen 1.5% - 2% on average. I invested on Monday feeling confident about the good signs of stable 70s - 80s. Surely shorters can't be seeing this as a position to open fresh shorts. When will this going I ask.
Thanks Demon. Yes very interesting indeed. I suspect that explains some of the selling in other equities toady as markets try to price in the worries. CEY has done well today though.