Share Investment, Discussion & Tips

[Jog On]

I'll wait for a pin bar...

[Andy2]

I'll wait for a pin bar...

what time frame ?

[Jog On]

what time frame ?

4h/daily - short term (intraday) looks like puling back (20 EMA/trend line) for a short...

100ish if it touches targeting recent low around 68ish, stop a bit above 100, 112ish. Seems decent enough R:R, but I don't trade equities so will watch it from the sidelines...

[pjclarke]

No and I hope you have't sold, because Glencore is a f***great investment.

It is not going to go bankrupt, it is not Lehman Brothers who had worthless paper in their vaults, no Glencore has entire mountain ranges on it's balance sheet stuffed full of valuable ore. If Glencore did have to sell a mine or two is a mountain full of iron ore worthless ? I think not

Having said that....

It should be balanced by other stuff in your portfolio so even in the unlikely event it gets wiped out it's just a small dent in your profits, rather than a loss.

For example your portfolio is 100K, and Glencore is 10k

On current valuations 10% is a conservative estimate for capital growth right, lets say worst case Glencore goes bankrupt (and it won't, not next year) so 90 grand is now worth 99 grand from healthy stocks and you have 10 grand loss from Glencore, and you get 2-3 grand in divis. So even worst case you're still up.


There will be volatility on Glencore no doubt, but for those who dare, there are also siginificant profits to be made.

After I invested in Glencore, I put double the amount in the Pru and Dow chemical, any losses should be more than offset by the other two who stand to gain from low commodity prices.

Anything even big famous companies can and will be wiped out, but provided you're diversified this will not even dent your profits.

Just dumped all my GLEN at a loss of about 66%. Bought it for yield originally, then topped up at what turned out to be the start of the fall . My strategy is based on the long term reinvestment of dividends and no prospect of any divis here in a reasonable timeframe, plus a real chance of a meltdown if they lose the BBB rating.

Luckily < 1% of the portfolio. Diversification!

BP still looks good, as a recovery play.

[MarillionFan]

Just dumped all my GLEN at a loss of about 66%. Bought it for yield originally, then topped up at what turned out to be the start of the fall . My strategy is based on the long term reinvestment of dividends and no prospect of any divis here in a reasonable timeframe, plus a real chance of a meltdown if they lose the BBB rating.

Luckily < 1% of the portfolio. Diversification!

BP still looks good, as a recovery play.

Bottler.

Of course, it's now up 16% and beginning to fly, just over 80 and rising fast.

Oh and as I type, it's just gone into auction and went over 17%, jumping another penny.

[pjclarke]

Bottler.

Of course, it's now up 16% and beginning to fly, just over 80 and rising fast.

Oh and as I type, it's just gone into auction and went over 17%, jumping another penny.

Yes, penny shares do often show a lot of volatility. Having said I'm going to sell, when I tried to sell Selftrade refused to give me a quote Hmmmm. Will try again later.

If a 9p rise to 78p is 'flying', what is the correct term for a drop from the 300p they were worth in May?

[DimPrawn]

Bottler.

Of course, it's now up 16% and beginning to fly, just over 80 and rising fast.

Oh and as I type, it's just gone into auction and went over 17%, jumping another penny.

At what point would you have bought this FTSE dividend stalwart with hundreds of prime retail shops on its books?

[AtW]

At what point would you have bought this FTSE dividend stalwart with hundreds of prime retail shops on its books?

Looked like a good buy at around 10 pence.


NOT

[MarillionFan]

Yes, penny shares do often show a lot of volatility. Having said I'm going to sell, when I tried to sell Selftrade refused to give me a quote Hmmmm. Will try again later.

If a 9p rise to 78p is 'flying', what is the correct term for a drop from the 300p they were worth in May?

82 now.

[BlasterBates]

Debt to asset ratio of 0.66, at H1 2015 commodity prices perfectly alright, but needs to come down with commodity prices.

realistic worst case - significant restructuring leading to a company that is about half the value was at the beginning. Investecs worthless valuation was with lots of "ifs and buts" attached.

Wouldn't rule out bankruptcy, but looking at their balance sheet, they do have millions of tons of minerals they can flog

I don't buy into the possibility that a clever financial analyst is going ask a clever question at the press conference which shows their millions of tons of Zinc an copper reserves are worthless.

Citi Group and Moran Stanley have just stumped up 2 billion for the share issue, precisely because of their millions of tons of mineral assets.

The Citi Group's analyst is pretty bullish, and he's been in the game at longer than most.