Member Info for TerryM1

MrG123

I agree DEC is way off being in Chapter 11 and is solvent by ant metrics with lots of assets but this counts for little as all Rusty has done for a time now is trash the SP. Great for Rusty's dream of becoming the new JR but a disaster for shareholder's.

As far as GG is concerned some people made money on trading DEC some have lost money but GG far worse has not only lost the plot but also his mind. For us it is cash for GG his sanity.

I given up trading DEC for a short time and have moved to AGNC, ENOG and BHP, would have added to GLEN but already a large position, all looking very cheap. Looks like markets calming and bottoming out, hopefully next week should see start of recovery,

The tariffs have done what was required 72 counties want to start trade talks and as I have said only China to be hit permanently.

SP now $11.41, GBP £8.91, should be good day tomorrow.

GG will really hit the bottle tonight.

"+10m votes against Director's Remuneration Policy"

Well proud that I made up some of these votes. Rusty must get the message at some point, well I hope.

Back to AROs again, mentioned well over 100 times so far, parrot back on the perch after a long sleep and seems to have missed the news Trump in charge and AROs not relevant for a long time if at all. Also missed the fact DEC getting great ESG reports.

"GG, don't you understand, their hatred for you is stronger than their desire to make money."

I don't hate GG, at worst a small irritation, at best irrelevant but good entertainment winding him up especially late in the evening when has had quite a few. I would guess most other people feel the same.

Trisor

"If they do , it fits with the MAGA agenda. He wont care and China will lose"

Can't agree more, how can increasing trade tariffs help the country with a huge trade surplus. A lot of this with China is not about trade, Trump wants to reduce the rise of China as it threatens the West and therefore of course the USA

GoCPI

As the Chinese say may you live in interesting times, this is not meant to be wishing you good times but more an apocryphal expression and we are getting that.

NY is less volatile today (so far) so hopefully settling down and BAU resumed in a few days/week or so, at least I hope so as used some of my ISA allowance to buy a O&G company with no business in the UK.

Worya

Not meant to be a comment on you but all of us, I wish I had sold out a lot more at £13 when fund raise announced but wanted to get in quick and and did not have time to look at it in any detail so thought I just get out with my last 2 trades to hedge my bets.

"more a buy and hold guy"

Same as me, not I sure I am cut out to be a trader but give it a try from time to time and for me it is amazing what you learn about you own emotions when it comes to making and losing money, hardest thing to know when to take a loss and perhaps one of the most important, few times I did this saved my a lot of cash. Went to trading club before Covid shut it down although it did carry on with zoom meeting for a time. So much great information and some was about how to deal with emotions but most technical analysis and most were using VectorVest tailored for their strategy, was working well for them but very time consuming almost a full time job.

Savage_KeyboardR

"Trisor - I despise the hard left wing just as much as the hard right wing."

Then you must really despise yourself, would explain a lot.

"Trisor - are you talking about the Renters Rights Bill? If so, then that's a centre left Labour bill"

centre left, LOL.

Might be a bit to early to call but look like things are settling down, Dow down around 1% and rising, finger crossed.

“TerryM1 - I'd like to correct you there. Yes, it's true the way the UK economy has worked in recent times has indeed been heavily based upon property & land prices.”

I don’t need to be corrected by you, if you want correction then you will see that this has been going on since the end of WW 2 and accelerated by the vast increase in UK population due to immigration, simple supply and demand.

“However, that has delivered very unpleasant side effects for a large proportion of the population.”

And large benefits to a lot of others including people working in construction. Just because you can’t afford a property does not make it all bad.

“Yes, those heavily into property will suffer pain... but the economy doesn't have to be so heavily tilted in favour of property prices and I do not think it will be in the future.”

How do you know this, I guess the same way you knew all about RIs and that the PNN share price was going to collapse. Also just because “the economy doesn't have to be so heavily tilted in favour of property does not mean it will change” and is very unlikely to as it is so entrenched and will have a sever backlash on any government that tries.

"I'm just wished I sold out the day before tarrifs when share price was around 1070

So do all of us and I wish I bought a lottery ticket with the winning numbers. C'est la Vie.

"EU "countermeasures" to follow and I haven't seen Trump respond to China"

Trump will double down especially on China, less to lose as US imports far than it exports, also China started this a time ago, they stopped all USA LNG imports 60 days ago so now it is Trump giving China back some of its own medicine.

This is the time to be calm and negotiate trade deals with USA, we could be first in the queue if Starmer can get his act together instead of strutting the world stage taking to countries much more affect than us, this will be noticed in Washington.

Savage_KeyboardR

"Fingers crossed property is about to tank upto 30% in real terms over the coming decade ahead"

Dream on, with the amount of people entering this country legally and illegally and they all have to go somewhere.

Be careful what you wish for, if property was to drop like that then the whole economy would tank, huge job losses, no remortgage for spending, no house building, no house refurbishment lack of confidence. UK economy built on rising house prices.

Trenners

I agree with your points but until we see profits I regard it that way, however probably a good gamble. But except for REITs/ITs winding down of take over targets my investments are going to companies who do most/all of there business abroad.

My spilling chequer working well

Should be democrats

Theoldtrader1

This could be a very good time to buy some more stocks, I jumped in with some smallish buys a bit too early this week but always very difficult to hit the lows.

Next week will be interesting with the new ISA allowance, although PIs do not make up much of the market may make a little difference to some UK stocks. Just deciding where to put mine and when, think I may wait for a bit of a trend up, there are so many good cheap stocks now. However as much as I would like I am not putting this into CPI which I still regard as more of a gamble than an investment but hopefully turn around this year, will mostly go for stocks with good dividends or REITs/ITs winding down or likely to be taken over. We live in interesting times.

GoCPI

The tariffs were in Trumps manifesto.

Trumps rating now are around 1% of the time he was elected, Demarcates in the 20%-30% range, seems to me good for Trump. On these number if election help tomorrow Trump would get even more votes.

Trump won the Electoral College and the popular vote at the election, a clear victory to me landslide or not but many commentators are calling it a landslide and looks like one to me.

“Decades of precedence from both Republican and Dem presidents, starting Gipper, HW, Billy bob,GW, Obama set US on this path. THinking that you can rip these out in one term without a credible plan to bring Mfg back to the US is tripe.”

So you agree the tariffs against America are unfair but OK because they were added over time, but if put on in one go and designed to bring countries for free trade talks are unfair and done by a numpty, seems strange.

Like it or not companies and investment are returning to America, manufacturing is returning, did you not see the JCB announcement yesterday as an example. As I said before more money invested in USA industry in Trumps short term than in the whole of the Biden's administration, says it all.

“Check with the American people when they start losing jobs in the coming weeks assuming numpty doesn't pull back.”

American people voted for this and from the Poll rating (check them out) are still very much in favour, it is Main Street vs Wall Street.

“ROFL - chip factories are being setup in the US because of Biden's IRA act that provides susbidies to manufacturers to setup plants”

Seems you missed the big announcement of the Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan's largest chipmaker, announced a $100 billion investment in the United States, which will go into building five cutting-edge fabrication facilities in Arizona. They said was the result of Trumps tariffs, Did not happen under Biden!

GoCPI

I see you are unable to answer a single one of my questions

You say

“Trade deficits which is what numpty is focused”

The same numpty who is concerned about the cash flow out of the county this causes which is measured in many $billions every year.

These tariffs will bring extra revenue into the USA along with all the tax collected as more and more companies move/over back to the USA so help with the fiscal deficit something we are ignoring in this country and it will not end well.

You seem to dislike Brexit and the tariffs, bit of an oxymoron, without Brexit we would have double the tariff so I guess you prefer to be with the EU at 20%.

HHH81

“For example, do you know the methodology used by Trump for the tariffs on each country? It wasn’t based on any actual tariff, but literally the amount of imports vs exports as a percentage and then halved.”

We can argue all day about how this is measured but the simple facts are other countries were putting much higher tariffs on USA goods than USA was putting on their goods and then add in lots of regulation to stop or make it difficult for USA to export a lot of their goods to their country/block. This is about levelling the playing field, if you don’t like it either have suck it up, don’t export to USA, drop you tariffs/restrictions or negotiate a free trade deal which is most likely what Trump is after except perhaps for China.

Trisor

“Also GoCPI I’m not a fan of your condescending tone”

Count me in especially with using words like numpty, economically illiterate, shallow heads and making out you know far more than other people. It is simple when you resort to insults it means you have lost the argument.