Member Info for tawse57

Isn't Bangladesh where farmers were promised big prices if they flooded their fields with saltwater in order to farm prawns? Once the fields were flooded the land was not good for anything else and the price of the prawns plummeted?

I am sure if they want farmland to dig for coal that they will get it one way or another. Not ethical. But these things happen where such huge sums are involved.

I have no idea what is going on with share or why it is soaring. I assume, from the posts, that you all think that China has done a deal to buy coal and that this firm will become key in coal production for China and its new Silk Road? Well, that is the impression I get from reading the past 3 days of posts. It all seems rather confused and a bit rampy to be honest.

But best of luck to you longterm.holders. I hope it turns out profitable for you.

Should have added that this Brexit vote is a right mess also. I am not even sure what they are voting on - which I suspect is the intention. Confuse and tire the nation.

Some media reports saying that come Wednesday the govt could be in crisis mode with May out of a job. How will markets respond then?

I had a browse of male / female clothing last night. Nothing scientific. I was a bit shocled by the discount prices - the so-called sale prices to the rrp listed. Lots of stuff was supposedly 40% off rrp. Some over half.

Whether that tells us anything I do not know. As you say, margin is the thing no matter what the sales numbers are.

Didn't ASOS do that big bounce on the Monday that a big fund happened to be selling about 2% of its stake? Some coincidence.

Margins even slightly below expectations will not be good. Look at the uptick at the end of Sept - share price went up into early October but then down from there.

Think we need good margins on Tues. Not even just slightly below.

Be interesting how the sp responds on Monday to these Peel Hunt forecasts.

Do we have any idea of how much BOO might have been cutting margins - if at all?

I overheard a conversation that that suggested that BOO had an almost continuous sale throughout November leading up to the so-called Black Friday period? I know that ASOS was doing this but am unsure about BOO and how long they had sales re November, December?

Thanks for the link.

So was the stock pumped on Monday in order for Camelot to reduce their stake? I know that is not going to be a welcome question here but it is one to consider if you are sitting on very healthy gains.

FTSE closed up as the US market moved up briefly before plunging after Europe closed.
In theory Monday should be catch-up carnage for the UK.

hxxps://finance.yahoo.com/news/target-walmart-see-steep-losses-000314655.html

US markets puking at the time of writing. Dow just officially entered a bear market intraday.

Hard to see Asia or Europe doing well tomorrow first thing.

hxxps : // www.marketwatch.com/story/micron-shares-drop-as-sales-outlook-falls-1-billion-short-of-wall-street-target-2018-12-18?mod=hp_minor_pos20

The 100,000 share buy each by bosses did not impress IMPO.

I suspect everyone is wary of what the US Fed announces tomorrow. People bought the bounce after the sell-off but do not wish to be around in stocks tomorrow just in case the markets tank.

Hard to say where these markets are going from one hour to the next - tomorrow morning is a long way away. Let's see how China reacts overnight to the US.

Yes, US markets could have some kind of bounce tomorrow - would that be the bottom or just another dead cat before going lower? Toss a coin. Everyone has an opinion but no one knows.

Me personally - I am doing nothing until I see what the US Fed says on Wednesday AND how the US markets react to what they do. Dependent on that this week might mark a nice bottom before we get a few months of up. Or it could be massive panic as the markets crash. I don't know how the markets will respond. No one does.

Do you feel lucky?

They defended the SPX at the 2532 line to the dot - that I posted about a few hours earlier - where it then bounced in final 10 - 15 minutes of trading. Saved the market.

But the Russell 2000 is now down 20% from the highs earlier this year - official bear market. And the VXX has a candle that looks scarily similar to one just before the VIX soared in February and the markets crashed.

Markets could bounce here but there is a long way down from here. Be careful.

Trying to defend 2533 going into the US close.

If it closes below that then look out below.

US markets close to collapse. Broken April low on S&P. 2532 better hold.

Seen some people be bullish on Asos yet at the same time blaming Brexit.

You can't have both - Brexit has another 3 months to go at least so if you think Brexit is to blame then how can you be bullish on the SP?

2019 is not looking good for retailers as the world heads towards another possible recession. This stock might bounce here but it could also be the first of many to issue a warning in the coming days.

Perhaps this is a VST trade?

Interesting article - enjoyed it.

Asos seems to be the proverbial falling knife.

There has been some bad news and warnings from UK retailers this week, not least Mike Ashley of Sports Direct citing November as the worst trading that he has seen. Horror of horror, even M&S cancelled their annual press Christmas shindig last night - things MUST be bad!

Support looks about $186. If it goes through that tomorrow then there is a long way down.