1246
Hi all, sort it is then.
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
1247
Off topic / Human Nature & Bull/Bear Phases
« on: March 11, 2014, 05:34:15 pm »
Where are you now?
I'm thinking most investors are at 'euphoria' starting very slowly to move over to 'unease'.
I'm between denial & pessimism.
I'm thinking most investors are at 'euphoria' starting very slowly to move over to 'unease'.
I'm between denial & pessimism.
1248
@ Patrick: You asked why the drop specifically today?
Don't know but I can guess.
Except for Barclay’s price cut on ACL on 27 Feb to R37/share and this weekend's China-issues, my guess would be yesterday’s Investor Day Presentation in Canada fuelled more flames:
Mittal yesterday said they are selling some Ukrainian output in other markers on a forecast for slower than expected demand in that growth region as domestic markets are down in Ukraine. Steel demand in Commonwealth of Independent States (that includes Russia & Ukraine), may increase more slowly than the 1.5% to 2.5% previously forecasted by Mittal.
The company provided an update on operations and medium-term plans, (unchanged from previous investor day last year), investors were hoping for additional cost cutting, hence some disappointment after announcement.
Don't know but I can guess.
Except for Barclay’s price cut on ACL on 27 Feb to R37/share and this weekend's China-issues, my guess would be yesterday’s Investor Day Presentation in Canada fuelled more flames:
Mittal yesterday said they are selling some Ukrainian output in other markers on a forecast for slower than expected demand in that growth region as domestic markets are down in Ukraine. Steel demand in Commonwealth of Independent States (that includes Russia & Ukraine), may increase more slowly than the 1.5% to 2.5% previously forecasted by Mittal.
The company provided an update on operations and medium-term plans, (unchanged from previous investor day last year), investors were hoping for additional cost cutting, hence some disappointment after announcement.
1250
Off topic / Re: Live chat
« on: March 11, 2014, 03:38:53 pm »
@gcr: Pfft, ‘moment of sunshine’ nogal. #Basking in my ACL shorty. 
1251
Shares / Re: Today's Outlook
« on: March 11, 2014, 08:41:47 am »
No action from the BoJ earlier this morning.
@ 7:27
Japan +0.7%
Hong Kong +0.1%
Shanghai -0.1%
Sydney closed flat
Seoul +0.2%
Mumbai -0.3%
US ended -0.20%, -0.05% & -0.06%, futures flat to red.
Eco Calendar:
11:30 GB Manufacturing Production
Duals:
BARC:LN -2.56%
700HK +0.97%
BHP:AU -0.64%
BBL:US -1.99%
TCEHY:US -1.55%
VOD:LN -3.58%
BCS:US -2.98%
GLNCY:US -2.85%
MT:NA -1.85%
NPNY:US -1.20%
HMY:US -1.20%
Alsi -0.97%, T40 -1.09%
Major loser yesterday KIO -8.45%, Anglo -4.18%, Glencore -3.47% & new lows Tongaat & JD Group.
IGT40 +151
@ 7:27
Japan +0.7%
Hong Kong +0.1%
Shanghai -0.1%
Sydney closed flat
Seoul +0.2%
Mumbai -0.3%
US ended -0.20%, -0.05% & -0.06%, futures flat to red.
Eco Calendar:
11:30 GB Manufacturing Production
Duals:
BARC:LN -2.56%
700HK +0.97%
BHP:AU -0.64%
BBL:US -1.99%
TCEHY:US -1.55%
VOD:LN -3.58%
BCS:US -2.98%
GLNCY:US -2.85%
MT:NA -1.85%
NPNY:US -1.20%
HMY:US -1.20%
Alsi -0.97%, T40 -1.09%
Major loser yesterday KIO -8.45%, Anglo -4.18%, Glencore -3.47% & new lows Tongaat & JD Group.
IGT40 +151
Shorting should be part of any investors financial strategy, making money in any market, not just bull market.
1254
Shares / Re: Today's Outlook
« on: March 10, 2014, 08:24:49 am »
Chinese exports fell 18.1% in Feb (YoY) on Saturday, leaving trade deficit of $2.98B.
This morning, Asia-Pacific rattled again by Japan Current Account exp -1.411T, act -1.589T & GDP exp 1.0%, act 0.7%.
Asia Dow -0.75%
Nikkei ends -1.06%
Topix ends -0.8%
Hang Seng -1.81%
Shanghai -2.33%
Sensex -0.05%
Singapore -0.42%
ASX -0.93%
US closed on Friday with DOW +0.19%, Nas -0.37%, S&P +0.05%, Futures red -0.34%, -0.24%, -0.28% (8:01),
SA Alsi -0.07% @ 47 786, T40 -0.07% @ 43 206, T40 Cash atm -294 pips (8:03)
Sanlam posted 39% rise in annual earning causing +1.8% to 5319c.
No other major eco data for today.
Duals:
HMY:US +0.30%
CFRUY:US +0.00%
CFR:VX -0.40%
GLNCY:US -4.40%
BHP:AU -4.14%
VOD:LN -2.14%
BARC:LN -1.95%
MT:NA -1.90%
BCS:US -1.64%
NPSNY:US -1.28%
Tencent agrees to buy 15% stake in JD.Com for $214.7m.
Putin snubs Obama’s warning over military intervention in Crimea saying on Friday Russia will not ignore call for help from Russians in Ukraine.
Eskom stating powers supply ‘constrained but stable’ atm.
This morning, Asia-Pacific rattled again by Japan Current Account exp -1.411T, act -1.589T & GDP exp 1.0%, act 0.7%.
Asia Dow -0.75%
Nikkei ends -1.06%
Topix ends -0.8%
Hang Seng -1.81%
Shanghai -2.33%
Sensex -0.05%
Singapore -0.42%
ASX -0.93%
US closed on Friday with DOW +0.19%, Nas -0.37%, S&P +0.05%, Futures red -0.34%, -0.24%, -0.28% (8:01),
SA Alsi -0.07% @ 47 786, T40 -0.07% @ 43 206, T40 Cash atm -294 pips (8:03)
Sanlam posted 39% rise in annual earning causing +1.8% to 5319c.
No other major eco data for today.
Duals:
HMY:US +0.30%
CFRUY:US +0.00%
CFR:VX -0.40%
GLNCY:US -4.40%
BHP:AU -4.14%
VOD:LN -2.14%
BARC:LN -1.95%
MT:NA -1.90%
BCS:US -1.64%
NPSNY:US -1.28%
Tencent agrees to buy 15% stake in JD.Com for $214.7m.
Putin snubs Obama’s warning over military intervention in Crimea saying on Friday Russia will not ignore call for help from Russians in Ukraine.
Eskom stating powers supply ‘constrained but stable’ atm.
1258
Shares / Re: Advice on Stock Picks
« on: March 07, 2014, 09:34:26 am »
Hallo Junz
Like the fact that you have made up your mind regardless of other opinions (even if its only time-frame wise at this stage), that is rule no.1 of trading/investing.
With regards to your Q and I'm only looking at year 1 now:
GIJ: No
AQP: No
GLN: Fair chance
Check out the Tax-thread and time-frames with regards to investing, important. Good luck.
Like the fact that you have made up your mind regardless of other opinions (even if its only time-frame wise at this stage), that is rule no.1 of trading/investing.
With regards to your Q and I'm only looking at year 1 now:
GIJ: No
AQP: No
GLN: Fair chance
Check out the Tax-thread and time-frames with regards to investing, important. Good luck.