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Yes good update . Strange the way that yesterday this was managed down by 8% , no doubt to try and trigger some stop losses.
Some manipulation going on ? Surely not , not complaining I managed to pick some up @ 387 & 377 just before the strong div.
I was hoping for a drop of at least 5% to pick up some more , still fingers crossed.
Dibs you are correct the hypocrisy spouted in the western world about how wonderful democracy and capitalism are never ceases to amaze me. Take a look at the state of democracy in the US at the end of the trump tyranny, and we are not in a true capitalist system, all the bail outs and money printing as a result of corrupt banking practices before the financial crisis have put pay to that. Abuse abounds and it is becoming the norm.
Looks like the market was expecting a lousy production report
A lot of the ups / downs are a result of the large spread which is a product of the small volumes traded . This share is tightly held for good reasons.
Thanks for the info Jaco most interesting
ATB
Hi Auson you could well be correct , you describe a perfect example of manipulation.
A very useful trading strategy would be to take note of such manipulation to build up a useful position before the forthcoming juicy div LDR on the 6th
ATB
Been to US just the once ,stayed in a new build very attractive 4 bed detached house in Las vagus . Not a brick to be seen ,the house seemed to be constructed out of wood and plasterboard ,not built to last imo. Cannot remember what the roof was like but I would not be surprised if it had boards for a roof . Seems to me that they could use semi skilled labour in the construction process and the skystrip machine would be very useful.
The lack of a large fall today probably reflects the value to be had here and the fact that the shares are tightly held and traded in low volumes.
ATB
infrastructure package if passed into law could do this company a lot of favors .
The directors are already very positive about the outlook , things may yet get a whole lot better .
Still at a daft rating . I simply cannot understand why anyone would choose to sell this ,probably selling at a good profit but missing out on further growth and a healthy div
This has fallen 22 points to 514 . Must be wishful thinking on the part of the MMs because it has not actually traded at 514.
The most significant trade was for 5000 at 529 for 26.7 k the average is probably around 524
Me thinks they are trying it on
Yep should be a fair rise in portfolio valuation in near future, gone from approx 3% of portfolio to 12% at a stroke must be positive . Wont show in the year end results but if they are fair - good this should test the years high .
The beauty of companies such as this is that they are not proxies for the main market so the market swings will not be reflected here.
stimulus about to signed into law in the US could have a significant positive impact for a wealth management company such as Karpus .
Funds under management could shortly be taking a large leg up.
Nice time to buy. The share is tightly traded and difficult to buy / sell so grab it near a low and hold I have also topped up .
Patience is key.
Hargreaves Lansdown no probs.
But this share I will not be trading I will be holding.
ATB
to pick up 1014 @ 493 on Friday . On an ex div of 11 this has fallen about 30 somewhat overdone it would appear.
I have tried several times to buy today ex div but could not get it under 500 on HL. Already well in profit with my holding but just fancied a few more
the steady decline, have they run out of sellers ?
youth through the 70 ,s & 80s I worked at luanshya ( Roan ) copper mine RCM - ZCCM. I can vouch for the vast tailings associated with this very old cu mine / the relatively inefficient floatation process and the very high cobalt content of the ore at the highly profitable Baluba shaft.
ATB
Yep would agree , unlikely to continue on up for much longer the upcoming approx 1 % div will help but probably time to think about taking profit
ATB
this off chart @ 359 on the drop when Bofa cut to neutral from buy .
Been up every trading day since , just shows how one must always ignore ratings .