RE: Teccc15 Apr 2024 09:21
Fxpo - that is some chart. But then you could have had Anto. Look at the 1 year there!
I sold all my PHNX, MNG and ECOR today.
All in profit and have bagged the divi. They will probably go up. But the thing is if Israel responds to Iraq it’ll be a step closer to war.
The only hope is their measured response in their own time = no response. But someone will wind it up!
The summer is usually poor for equities. So whilst it’s a pain that Phnx and mng are at their xd lows and EcOR is going up to 100p imo, the risk premium is against holding the insurers at least over the summer.
I have kept hold of sepl and Dec my main income providers as both operate away from ME and theoretically should benefit from higher energy costs.
Sepl is in Nigeria, internationally everyone’s friend and their economy is growing.
Dec is in US and Biden would allow more gas exports to Europe if the gulf becomes problematic so Dec then get a double shuffle benefit.
The other is Paf in SA but the divi is negligent there and it’s up from 17p with more ahead in imo.
I am waiting for Dec to pullback and may add more there.
Sitting on my hands is not my strength but watching the news the weekend and being 100% invested was also a concern!
If the market turns contagion can set in quickly. The ftse is near 8000 and although it’s really just a few stocks that have put it there it won’t take much to knock it back to 7000 or lower.
Then the receding tide will take the lot. Energy included but at least then I have some cash to pick some trades or add lower to sepl and Dec.
The obviuos question to ask oneself is would I have been surprised if the market opened down 400pts today. No. I am actually surprise it opened up esp after Dow was down albeit Dow futures are up slightly today. But even that could change in a blink.
So 1/3 out 2/3 in atm
Nice update at HEX today. At least it’s in US. All the more reason for state to eventually back it! lol!
Usual caveats
Trek
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