Member Info for Stupmy

Full time trader worst. Other than that, anything I fancy, anytime I fancy it.

I can't explain the real reasons behind it, but the stuff I study suggests we will see 10.15 or below. Biggest drag on my performance ever.

"but it will make zero difference as it is HMG and the FCA who 'make' the rules, and the Supreme Court will side with what their like minded friends in Government think is 'best' "

Not sure about this, my experience is that the rule of law will override everything. To me it seems CBG has a sensible defence against worst case, but I wouldn't run too hot on a 'let's muddle through to maket he markets work better' approach. For my money, rule of law will win the day. Sadly, I'm not capable of working out where that will fall as we seem to be in a grey area, having adhered to what we believed the rules to be, only to find that the rules might not actually protect us.

Pete's gone Papa, I don't really need to say it but Spin's calculator was an EV as far as I'm concerned.

I think I'm on the opposite side of your argument NAV, I'm out and really worried i'll miss the rise (that's typical PI mentality; i.e. book early or you won't get a place). Oil on the up this evening.

Probably impact trade with china. As demand for electric calculators falls, they'll try to drop the price to boost demand, but that's just going to just lead to tariffs. We all know that'll just end in a trade war and speed up the move away from the dollar as an international store of value and it's all Spin's fault.

I'm getting that, the difficulty here is that if solar and wind are not reliable enough for Spin's calculator and O&G generated electricity has fallen out of favour for calculators, we're going to see less units shifted in the future. Maybe Spin should go back to an abacuss.

What could we do to get spin's calculator up and running Papegoja? Solar's no good, Wind has no infrastructural support and would need subsidies even if it did. Would batteries work, bit old fashioned I guess.

Gotcha, infrastructure underspend. Are there any subsidies that could help? You'd be playing into 'green' afterall.

Can you not install a little wind turbine on it?

Knot, do you not think it's at least partially related to the big decision (appeal accepted) being now out of the way. Until there's more news, there's nothing, so we'll drift. Over Xmas volume will lkely drop and SP will likely fall. Is it not largely finished for most of the market now and time to take a break from the screens?

Might interest some. Valuations/portfolios etc some detail on US outperformance vs other markets, comments on the big rotation etc, but maybe interesting for those that don't have a lot of time is 49 minutes on. Brexit good or bad etc.

https://www.youtube.com/watch?v=Afqs370tfRE

Bailiff, it looks like we could see 22.75 or lower without news so, you might have another chance to decide on wether to enter or not. I'm down here having thought it would rise while someon else on the board suggested it would fall (around 27p I think), but am considering adding. I think if we do see 22.75 or lower I'll add a bit.

Would it not favour a lack of interest for a period (xmas may also cause that) and favour a slide in the SP? Other news might help, but that black cloud is there for a while I'd imagine. I don't think it favours shorts exiting.

Found it difficult to stay out on that rise, but stay out I did. Still looks like 220 or below is coming.

That's how it works Chid, everyone here is a market participant (whether they hold or not), they form a group (normally heavily long biased) then trolls anyone with an alternative view, thus concentrating the long bias. Before you know what's happened, all dissenting voices have gone and the remaining participants work themselves into a 'to infinity and beyond' or MOASS mood and dash into battle and get slaughtered. It's genius.

Certainly very lively, also on good volume. Something going on. I'll be back to b/e before long if this continues!!

Allianz warns on Close Brothers’ legal battle

Close Brothers (CBG) could face ‘significant liabilities’ and an extension of the regulatory investigation into its motor finance practices, says Allianz Global Investors’ managers Simon Gergel and Richard Knight.

The pair hold the private bank in their £263m Allianz UK Listed Equity Income fund, where it has been a detractor given its part in the ongoing motor finance commission debacle.

The group was impacted by a high court ruling in a case concerning historic commission payments made to car dealers for selling motor finance packages.

‘The court ruled that these commissions should have been separately disclosed and agreed with the car purchaser. This was a surprise ruling, as it overturned the original court decision, and the policies were compliant with Financial Conduct Authority (FCA) rules at the time,’ said Gergel and Knight.

The two managers said the ruling ‘potentially opens up significant liabilities’ for Close Brothers and other lenders

‘Close Brothers is going to appeal this case to the supreme court, and in the meantime has suspended this finance, while they update procedures,’ they said.

‘There is already an ongoing FCA review into motor finance, which now seems likely to be extended, to take into account any supreme court ruling.’

The shares rose 4.1% to 247.8p on Wednesday, but have fallen 69% over the last 12 months.

I can see an area around 246 that might hold some value as support. I can't pinpoint 246 as a magic number. My view is that we will touch 300 at some point soon, maybe go a bit beyond, but that 282/283 has a reasonable chance of acting as support. For me it's a case of watching what happens at 300 and if that doesn't stop the rot, what happens at 282/283. No-one can see into the future though so it's all just guessing.

Nothing new, not even convinced it's up to date. But for your info

https://citywire.com/funds-insider/news/expert-view-close-brothers-iag-british-american-tobacco-volution-vesuvius/a2456340?re=126469&ea=351732&utm_source=BulkEmail_FundsInsider%20DawnChorus&utm_medium=BulkEmail_FundsInsider%20DawnChorus&utm_campaign=BulkEmail_FundsInsider%20DawnChorus&link_id=1779336