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[twinturboz]

traxx said:

Amazing 10% move up today and yesterday - guess the HFT/Algo funds saw a chance to burn the shorts

Was just about to post the same, obviously in hindsight that was a fake out move below 50 last week. The 55 call options for this week are up 1100% today, shame I didn't buy them at the lows. 62.50 should be doable.

Edited by twinturboz on Tuesday 3rd November 19:05

[bogie]

StangGT said:

Anyone else in to Sirius Minerals?

My internal optimist tells me that things are looking very tidy for them over the medium term.

Been in and out of them a few times, as low as a few pence and up to 30p. Currently out and watching. Long term I think they will be great, but its going to be a slow uphill slog over many years. Just a case of deciding when to get back in and forget about them for 5-10 years....

[StangGT]

bogie said:

Been in and out of them a few times, as low as a few pence and up to 30p. Currently out and watching. Long term I think they will be great, but its going to be a slow uphill slog over many years. Just a case of deciding when to get back in and forget about them for 5-10 years....

I'm very much an investor not a trader but I've been holding some of these for a while now.

Just topped up yesterday... I see it as a long term thing as you say.

[walm]

WTF is going on with Bitcoin?

[twinturboz]

walm said:

WTF is going on with Bitcoin?

Don't think anyone knows why, although seems volume from China has been off the charts in the last 2 weeks.


Ft attributing it to some kind of Chinese pyramid scheme "New members of MMM have to buy bitcoins to join the scheme."

Edited by twinturboz on Wednesday 4th November 18:19

[traxx]

twinturboz said:

walm said:

WTF is going on with Bitcoin?

Don't think anyone knows why, although seems volume from China has been off the charts in the last 2 weeks.


Ft attributing it to some kind of Chinese pyramid scheme "New members of MMM have to buy bitcoins to join the scheme."

Edited by twinturboz on Wednesday 4th November 18:19

Thought people were just buying as a way of bypassing capital controls?

[twinturboz]

traxx said:

Thought people were just buying as a way of bypassing capital controls?

Only $100 off from yesterday's high.


Amazon gone looney, so far extended from some of the moving averages, might be time for a sneaky short back into 500's

Edited by twinturboz on Thursday 5th November 19:43

[Charlie Michael]

Has anyone else been enjoying Pantheon these last couple of weeks? Looks like a potential mover again in the short term.

UKOG is another that I suspect will do well but not till mid-late 2016.

[twinturboz]

Anyone see the action in KBIO Kilobios Pharmaceuticals. If ever there was a stock showing the dangers of shorting that's the one.


Love this guys approach only in the US could you ask for donations for help...
http://www.marketwatch.com/story/trader-calls-off-...

http://www.marketwatch.com/story/help-my-short-pos...

That was last week, since then the stock is up some 5000%

Edited by twinturboz on Monday 23 November 17:50

[walm]

Quick recap - GPRO - BOOM.

In January (GPRO at >$60)...

walm said:

I can guarantee that the day GPRO miss a revenue target is the day to sell everything you own and put 100% of the capital to work shorting the crap out of it.

GPRO currently hovering around $20. Down 67% YTD.

QPP - reduced the promised payout from £1 to 90p and delayed it. Colour me... not at all surprised. Who on earth thinks the rest is worth 8p is a mystery.
In fairness there MIGHT be another 10p payout to come.
And indeed my Aunt MIGHT have balls and be my Uncle.

The true comedy though continues for QPP's old friend Slater and Gordon.
Down 74% this week following the Autumn Statement removing cash payouts for whiplash.
Ouch.

[twinturboz]

Amzn continues to rocket ... highest monthly rsi in 15 yrs what could possibly go wrong.

[Oakey]

This has to be one of QPP's companies, surely?

http://www.blackpoolgazette.co.uk/news/community/c...

"The National Advice Clinic – which also trades as the Industrial Hearing Clinic or the Central Compensation Office – made nearly six million calls between October 2014 and April 2015 about noise induced hearing loss claims."

[twinturboz]

Anyone buying Oil or Gold? Get the feeling there's going to be a short squeeze in them soon, especially gold, seems a very crowded trade to the short side.

[Charlie Michael]

From my post earlier on this page, just want to say that i'll be celebrating a great fortnight with a glass of bubbly tonight.

[davidbht]

aim listed UKOG have a flow test on a well in the weald Gatwick due to start within a few weeks, two independent surveys show billions barrels of oil UKOG lowest projection of 5% harvests 200 million barrels of oil.
Is it possible that the flow test has no oil flowing or recoverable.

[DonkeyApple]

twinturboz said:

Anyone buying Oil or Gold? Get the feeling there's going to be a short squeeze in them soon, especially gold, seems a very crowded trade to the short side.

You'll get some false rallies but the important question to ask is just why either of those assets would be going up anytime soon?

All I am seeing at the moment is the typical retail trader trying to buy in before the turn instead of using their common sense to wait until the turn is actually in.

The Saudis are flooding the market with cheap oil in order to put the US shale producers out of action and get back control of the oil market. Unless the Saudis abandon their strategy out of the blue then we need to see non OPEC production shut down before the Saudis will raise the floor and chase the price well up over $100 and this time in control of the market.

There is absolutely no reason to think oil is going up any time soon and will we will almost certainly see new lows. Fair value is under $30.

And of course all while usd is appreciating, adding further downward pressure.

Now Gold. What purpose does it serve? Why does it cost any more than a few hundred usd? Still lots of speculative premium to come off. We haven't even dipped under 1000 yet.

[walm]

DonkeyApple said:

Now Gold. What purpose does it serve? Why does it cost any more than a few hundred usd? Still lots of speculative premium to come off. We haven't even dipped under 1000 yet.

I respect your views very highly DA but I have always wondered why many sage market participants diss gold by saying something similar to your comment.

Along the lines of "it has no intrinsic value".
Yet that is true of a huge number of assets.
Diamonds, non-divi paying stocks, pretty much any luxury item come to think of it.
That doesn't mean they are worthless.

As ever, they are worth what someone will pay for them.
There is a supply and demand.
That's what drives the price and that is something that can be estimated and forecast (usually wrong) just like everything else.

I just never understand why gold is singled out for special denigration vs. all the other non-yielding assets.

FD: not particularly long or short gold.

[Charlie Michael]

DonkeyApple said:

You'll get some false rallies but the important question to ask is just why either of those assets would be going up anytime soon?

All I am seeing at the moment is the typical retail trader trying to buy in before the turn instead of using their common sense to wait until the turn is actually in.

The Saudis are flooding the market with cheap oil in order to put the US shale producers out of action and get back control of the oil market. Unless the Saudis abandon their strategy out of the blue then we need to see non OPEC production shut down before the Saudis will raise the floor and chase the price well up over $100 and this time in control of the market.

There is absolutely no reason to think oil is going up any time soon and will we will almost certainly see new lows. Fair value is under $30.

And of course all while usd is appreciating, adding further downward pressure.

Now Gold. What purpose does it serve? Why does it cost any more than a few hundred usd? Still lots of speculative premium to come off. We haven't even dipped under 1000 yet.

It'll be interesting, the market has been over-saturated with cheap oil for a while, I expect it to fall to somewhere close to $25 next year before we see an awful lot of O&G companies folding, personally, I look for those companies that aren't in debt currently, those are the only sensible places to put my money on in this segment.

However, people are still buying oil.

As I said above, and obviously this is only my opinion (as someone with money invested in them), but Pantheon have had a meteoric rise since the end of October. The CEO said himself in an interview that they run an $8 profit on a $20 barrel price.

[walm]

Charlie Michael said:

However, people are still buying oil.

The issue with oil is supply-side not demand-side.

[DonkeyApple]

walm said:

DonkeyApple said:

Now Gold. What purpose does it serve? Why does it cost any more than a few hundred usd? Still lots of speculative premium to come off. We haven't even dipped under 1000 yet.

I respect your views very highly DA but I have always wondered why many sage market participants diss gold by saying something similar to your comment.

Along the lines of "it has no intrinsic value".
Yet that is true of a huge number of assets.
Diamonds, non-divi paying stocks, pretty much any luxury item come to think of it.
That doesn't mean they are worthless.

As ever, they are worth what someone will pay for them.
There is a supply and demand.
That's what drives the price and that is something that can be estimated and forecast (usually wrong) just like everything else.

I just never understand why gold is singled out for special denigration vs. all the other non-yielding assets.

FD: not particularly long or short gold.

That isn't specifically what I am saying though.

I am asking 'what purpose does it serve?' The reason being that once someone gets over the greed and excitement of gold and answers that question then they will see that there is absolutely no macro excess demand to drive values up and all the current pressures are on a reduction in demand.

In addition, the retail market will always look at an asset in a clear downtrend and say 'it's 50% cheaper today than yesterday, let's buy some at this bargain level' instead of looking at the other side that the asset was grotesquely over valued by speculative money and even after a 50% fall is still over valued.

If we look at gold I am always interested in investors arguments as to why it should be worth more than a few hundred usd. Who is it on this planet who today has woken up and decided that unlike yesterday they suddenly need to buy enough gold to not just halt the price from falling any lower but to sustain a rally back up to previous highs?