Anything material happened with PMO itself that caused the pump and jump today ? Or is it just joing the ride of oil and others?
Yep could have bailed with a small profit but was pondering - which is not good in this game - should have gone with my gut instinct but al things considered minimal impact - next week with be interesting indeed, Happy sat on sidelines for now - ARCM still holding such a large short keeps nagging me also.
Have a great weekend all -
All this chatter about vaccines is a complete discombobulation - utter rubbish - there will not be a vaccine for at least 12-24 months (one thats effective) - its all a part of keeping peoples hopes up and so keep them spending and the economy turning
Hi Dave - yep i booked a small loss of about 300 but i think i am gonna sit on sidelines to see how virus situation is US plays out.
It doesn't matter which way i look at this, the global economy is gonna hit a brick wall - i just dont wanna be in when it does. Plus Tony's continued silence re the refinance puts the ****s up me, considering his collossal FU last time when i was in. If he gets it right there will still be plenty of upside, if he gets it wrong i can buy at rock bottom (hopefully) but i do still think (as Alpha was kind to point out earlier) - things are generally looking pretty gloomy and unless your a half-wit, the only reason the market / economies are where they are now is because they are printing more money and we are not taling millions we are talking trillions and not just from US but from EU, China, Asia and how the f is that gonna balance the books - the fundamentals will shine through, they always do eventually and its just a question of whether the governments have enough capability to build more and more debt before they go broke or before the fundamentals finally dictate the equilibrium . . . sobering thoughts for a Friday evening - GLA
Hardly - but think what you like - enjoy your long Fizzy - i like risk but i also like making and not losing money
Dont like how this is looking - not just PMO but virus situation and macro generally -
Woodstock "My worry is our economy. I cant see how we can afford this pandemic as with the the rest of the World. In essence we are looking at a second wave this Winter that the WHO predict will be worse."
Could not agree with you more - there is a significant amount we dont know about the whats, how and why of this virus and we will be fed what we need to know - when you look at it, its death rate is not that much worse than common flu - there is a whole lot more to this than meets the eye. One thing i always base my investments on are fundamentals and right now they are ****e ! so what to do . . . i feel very uneasy about where this is heading . . . how is it realistically possible that global markets can be as high/where they are based upon what is a pandemic wreaking havoc on the global community . . . .
IMO there will never be a vaccine. We have a flu vaccine but its about as effective as . . . . .
Its a virus for godsake, so like nature, it adapts and mutates
Dave - yes increase testing but infection rate also way up around 7% i believe.
I heard this morning that US Fauci is very very worried at rates of infection and a now (as expected) increasing death rate. it will get worse over next 2-3 weeks and thereafter if infection rates keep going up
Alpha - yep i still share that gloomy fundamental and its getting worse not better - numbers in US huge now (damn planks), Brazil scary and India sky rocketing -
Concerned also now with slowing China growth and indebtedness of the corporates there - wondering if there banking system can handle it, of course it depends on how much the economy shrinks and how quickly but its not rosy.
So to sum it all up Alpha, yes i am still very very concerned about the state of the global economy but felt PMO might get a hit north before the RI - i guess all investors in same boat and not willing to take a deeper punt until good ole Tone gets his finger our his arse and shares his carefully thought out plans for the RI with us - if anything the info related to PMO is weighted more negatively than the positives but good ole Olivia can always overide that if she has the legs
Kraken, i been watching the oilies all morning and whilst the likes of ENQ and TLW went from negative to positive and creping up, PMO has stayed static and volume dismal - lets see
i presume your in SK and holding or waiting RI first ?
I am thinking of selling - feel nervous about silence from TD and the huge increases in Covid cases and China slowing also now. PMO has potential but any s**t storm and it will get caught up also and with impending RI. Not sure just letting thoughts out here to see what others think
SK, Kraken, Alpha, et al - is this being held down in anticpiation of RI and / or investors sitting on sidelines waiting to se what happens before dipping back in ? Come on TD, tell us your plan for a change - you do have a plan dont you Tony ?
Nice
Nice
Nice
Hold on and ride the roller coaster
Actually got to say, i saw the RSI strengthening all afternoon and its screaming buy, hence i bought some more.
MACD also looking favourable - BUT PMO never flies fairly, lets see what tomorrow brings. China / US tensions helping Olivia also - needs to break out and i am expecting that otherwise it could go lower and i don't want that now.
A hint that US virus cases are levelling or slowing would give a kick also -
Its like a set of weighing scales right now, could tip either way and quickly at any misplaced weighting
GLA
Well spotted Alpha - :)
Whats your thoughts here SK, this is bugging the hell out of me - why are they still holding such a huge short position, apart from the obvious but regardless if a TO is imminent, i am sure they would be first to know of it.
Insider perspective maybe on RI - or they like losing money ummmmm, errrrrr nope.
I so want to believe that Rookie -
Unfortunately PMO has a mind of her own and often does the complete opposite of the norm, expected or rational, as it did lately hitting mid50's on the basis of . . .
Glad to see you back in SK, i also topped up a few more
Its a close one to watch now, worries me frankly as TD is not at all the best IR communicator. If he spins it wrong, it will give a sudden whack and i am still wanting to know exactly the mechanics of what he has planned. If he were to simply outline that to allay investors conjecture and fears, this would probably quickly get that priced in and move onwards and upwards. As it is, its susceptable to any weak fart that it might get a whiff of
GLA