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Shorting here is so tough, I suppose U.S wise you could try and short the rallies long as SnP 500 doesn't break back above the 200 day, in general market is oversold.
Personal opinion there's quite a bit of money sitting on the sidelines waiting for some stabilisation, we probably give up some gains in the first hour or two but hunch says we don't give up too much.
Looking back over yesterday's action, some incredible ranges in stocks, goes to show if you don't panic have a list of stocks your willing to buy and know your buy points some serious cash could have been made, more wild swings to come in the following days that's for sure.
Interesting to note though the action was very reminiscent of bear markets, remains to be seen if this is the start of one or not.
Personal opinion there's quite a bit of money sitting on the sidelines waiting for some stabilisation, we probably give up some gains in the first hour or two but hunch says we don't give up too much.
Looking back over yesterday's action, some incredible ranges in stocks, goes to show if you don't panic have a list of stocks your willing to buy and know your buy points some serious cash could have been made, more wild swings to come in the following days that's for sure.
Interesting to note though the action was very reminiscent of bear markets, remains to be seen if this is the start of one or not.
yammyfan said:
Was also thinking about Shell, but not sure.
Don't you remember the adverts - 'You can be sure of Shell'.https://www.youtube.com/watch?v=1IdhOXh_g7s
Interesting read http://www.philosophicaleconomics.com/2015/08/the-...
Well that is the most exciting inside day I've ever seen, looks like it will be the U.S that leads the way out of this. Maybe we start to put a bottom in over the next few sessions.
Well that is the most exciting inside day I've ever seen, looks like it will be the U.S that leads the way out of this. Maybe we start to put a bottom in over the next few sessions.
Edited by twinturboz on Wednesday 26th August 21:01
twinturboz said:
Don't get it, most too scared to buy earlier this week yet now rush to buy 10% higher.
Some huge gains this week if you held your bottle and bought when there was blood on the streets.
Apple alone is up some 20%+ from the low, what an absolute steal anything sub $100 looks now.
It's the pervasive nature of fear coupled with the sheer liquidity of financial markets (morons who don't know sSome huge gains this week if you held your bottle and bought when there was blood on the streets.
Apple alone is up some 20%+ from the low, what an absolute steal anything sub $100 looks now.
t trading stocks). But hey china dropped the CIBOR so all is well lmaogibbon said:
Burwood said:
who is game to short the FTSE 6107
How big is your margin?On something like Apple, IG would want something like 5000 pts of margin ($50)
rpla102 said:
yammyfan said:
Just bought into HSBC (HSBA) for the long term averaged out at 508. Will see how it pans out!
Was also thinking about Shell, but not sure.
Likewise HSBC, and bought Shell at 1600.Was also thinking about Shell, but not sure.
bought £5k of both (Shell @ £16.11 and HSBC @£5.03). I think my weighted average cost is £20 and £6.20 respectively 
The dividends have been nice so I can't complain
Burwood said:
wasn't there 100+ points on the table twice? I have said on here many times i don't short stocks and whilst that was a very good risk I didn't break my rule. I don't use margin either. What do you think caused the 1000 point swing-leverage and margin calls.
On something like Apple, IG would want something like 5000 pts of margin ($50)
Mate, the way the markets have been moving, 100 points on the table is background noise, no skill to picking that.On something like Apple, IG would want something like 5000 pts of margin ($50)
Edited by gibbon on Friday 28th August 14:18
The way the markets have been moving recently is totally irrational, I'd even go as far as to say it's probably unplayable for most except for nimble day traders, did you see the whip into the last hour of U.S trading yesterday.. crazy.
Obviously it's not an issue for this guy. http://www.bloomberg.com/news/articles/2015-08-28/...
Obviously it's not an issue for this guy. http://www.bloomberg.com/news/articles/2015-08-28/...
twinturboz said:
Obviously it's not an issue for this guy. http://www.bloomberg.com/news/articles/2015-08-28/...
We were just talking about that guy over lunch.Kudos to that!
At least he can now afford to gild the wheelbarrow he must need to cart his Buster Gonad-sized testicles around.
Should be an interesting week or two. After last week anyone positioning any differently? Or is this being called a buying opportunity. I mostly cleared all the dip buys from earlier in the week on Friday, just don't trust this market yet. Feel were at a major inflection point. This rally continues may try some small shorts, loads of overhead resistance, waiting to be proved that this was just a correction or not.
In the meantime will be watching bond yields closely, they start to rise significantly and for me that's the 3rd and final signal this bull market is done.
In the meantime will be watching bond yields closely, they start to rise significantly and for me that's the 3rd and final signal this bull market is done.
yammyfan said:
Just bought into HSBC (HSBA) for the long term averaged out at 508. Will see how it pans out!
Was also thinking about Shell, but not sure.
Was thinking of taking a punt and then did some googling:Was also thinking about Shell, but not sure.
http://www.eutimes.net/2015/08/western-banks-in-tu...
Richyboy said:
yammyfan said:
Just bought into HSBC (HSBA) for the long term averaged out at 508. Will see how it pans out!
Was also thinking about Shell, but not sure.
Was thinking of taking a punt and then did some googling:Was also thinking about Shell, but not sure.
http://www.eutimes.net/2015/08/western-banks-in-tu...
Honestly, if you believe s
t like that, please dont think about investing. Im all for doing your own research, and keeping an open mind, but that is a long way from the truth.Gassing Station | Finance | Top of Page | What's New | My Stuff