Share Investment, Discussion & Tips

[snaw]

Long ass thread and can't be bothered reading it all, but I use the financial times portfolio tracker.

Great if you have shares in different currencies, pretty easy to see how you're doing over various timeframes, gives you all the news relevant to you r shares.

If it's been stated before please ignore

Been a great few years on the markets (Wish I'd been even braver with facebook when it was at 30 something, made a killing, slightly offset by rolls royce dying on me), getting smashed now but in it for the long term so try not to pay too much attention, plus working for a bank where I'm not allowed to buy or sell without pre approval and have to hold for at least 3 months makes it hard anyway.

[BlasterBates]

At the moment the stock market is driven by one thing. The price of Copper and the fear of Glencore bankruptcy, defaulting on huge loans, all their couterparties and creating armageddon in the commodity and financial markets, so precipitating a huge depression far worse than 1929.


So always worth checkin:-


http://http://www.bloomberg.com/news/articles/2015-10-01/copper-extends-advance-after-chinese-manufacturing-stabilizes-if7moau9

Looks a bit more optimistic today

[Jog On]

This corrective rally is setting up nice targets to short the markets. Technical damage from Aug is yet to be repaired. The trend is still down

This

Short position covering yesterday and rolling on into today. Q4 beginning and yes I agree, possible short opportunity soon.

And this

[Jog On]

Could be bear time...

[lukemg]

I will be Value Averaging my monthly payment into VHYL etf tomorrow, without any consideration of the current market level (Value averaging takes care of that).
I suggest most on here consider something similar, there is zero chance trying to bounce on the latest hot share hoping to make a fortune will work.
Please don't be fooled by the odd lucky punt that works due to blind luck.

[SimonMac]

Long ass thread and can't be bothered reading it all, but I use the financial times portfolio tracker.

Great if you have shares in different currencies, pretty easy to see how you're doing over various timeframes, gives you all the news relevant to you r shares.

If it's been stated before please ignore

I use Yahoo Finance's virtual portfolio, free not sure if the FT one charges based on subscription to the general site

[MarillionFan]

Looks like I was in profit on Glencore at somepoint during the day to the tune of about a grand, and all of my other losses went back to near breakeven, but they've all dropped back down again now. No room for sleeping.

[BlasterBates]

Copper Stages A Recovery » Fx Empire Network

Today's big jump in heavy volume came after news from top producing country Chile. Output at one of the world's largest copper mines, Collahuasi, will be cut by 30,000 tonnes due to current market conditions. The mine, owned by Anglo American and Glencore produced 470,000 tonnes of copper in 2014, roughly 2% of global output. Earlier this month Glencore announced its idling mines in Zambia and the DRC that would remove more than 400,000 from the market. Also on Tuesday Peru declared a state of emergency in the area around the Las Bemba’s mine after clashes between police and protesters left four people dead and 16 seriously injured.

At least Glencore has the ability to adjust the price of Copper to raise the value of it's inventories.

[Jog On]

Might also be worth taking the bigger picture context of the overall stock markets into consideration here. If the whole thing tanks what will GLEN do?...

I know it won't affect you long termers that much but there is a big news announcement at 1:30 PM GMT which tends to move the markets.

[AtW]

Might also be worth taking the bigger picture context of the overall stock markets into consideration here. If the whole thing tanks what will GLEN do?....

Why not? It's not like dirty spekulants believe in the company, if everybody sells then makes sense to sell also even if it's to buy same shares later at lower cost.

That's kapitalism without a human face...