stock market crash

[BABABlackSheep]

Beautiful - the index rose to previous support, perfectly normal, now this is the big test. Does it become resistance? If it is unable to climb above 6000 and stay there until the end of the week at least then the downtrend is set in stone. There's no saving it.

Just above, just below, support, resistance.

..or yesterday just the fall in the $ and catching up with European markets after the bank holiday.

Who knows. I’m just watching to see how this plays.

[Old Greg]

Just above, just below, support, resistance.

..or yesterday just the fall in the $ and catching up with European markets after the bank holiday.

Who knows. I’m just watching to see how this plays.

Mystic Poops

[BABABlackSheep]

Knee-jerk reaction to Tesla seeking $5Bn in future funding.

I wonder if he will dabble in mining...

Potash Mining.. in Yorkshire.

Really hope everyone keeps away from mining or oil companies.

[scooterscot]

BP looks like a steal at the minute if you're a long term investor. As does Rolls Royce, both very undervalued. However I don't think the bottom is in, no indication of reversal in either at the minute.

Will be interesting to see what Rolls Royce does with Berlin after the no-deal Brexit comes into force. I'm waiting until then.

[ns1]

I used to trade options a few years back.

I can totally believe he has bought a quarter mil put. Options bring out the crazy in people.

If UKX doesn't tank soon he'll lose it all. The time decay is a real killer.

I'm not surprised he's coy about the detail. I doubt he wants to reveal how far under water it already is.

[scooterscot]

I used to trade options a few years back.

I can totally believe he has bought a quarter mil put. Options bring out the crazy in people.

If UKX doesn't tank soon he'll lose it all. The time decay is a real killer.

I'm not surprised he's coy about the detail. I doubt he wants to reveal how far under water it already is.

gwd you're not kidding - £70k down the tubes so far, since you ask.

I will confess, I was early. But I'm not wrong.

[ns1]

gwd you're not kidding - £70k down the tubes so far, since you ask.

I will confess, I was early. But I'm not wrong.

The trouble is the option could end up worthless if your timing is out.

The only way I made money on them was jumping in and out in fast moving markets. They bleed in sideways markets.

[Paralytic]

gwd you're not kidding - £70k down the tubes so far, since you ask.

I will confess, I was early. But I'm not wrong.

Your issue is you can be "not wrong" but still lose it all, because, in your mind, so long as it happens at some point in the future, then you called it and you were "not wrong".

[_V_]

I will confess, I was early. But I'm not wrong.

Not sure how to break this to you, but being early when trading options is the same as being wrong.

[_V_]

BP looks like a steal at the minute if you're a long term investor. As does Rolls Royce, both very undervalued. However I don't think the bottom is in, no indication of reversal in either at the minute.

Will be interesting to see what Rolls Royce does with Berlin after the no-deal Brexit comes into force. I'm waiting until then.

Rolls Royce got a lot of it's income and profits from servicing jet engines, which are serviced according to hours flown. Since planes have not been flying as much, their revenue has vanished. So the fortunes are tied in tightly with lockdowns and people's appetite to travel.