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another big contraction coming now on DJIA futures.... market could push down 5% today before recovering later....
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153
The Investor Challenge / Re: Lost some purchase records
« on: August 24, 2015, 12:40:11 pm »
Thanks Patrick, so even though it shows me missing 5,000 Gold Fields shares in the transaction history, I'm assuming that my net PnL is correct and the current holdings is correct. That's all that really matters then. Thanks again.
154
The Investor Challenge / Re: Lost some purchase records
« on: August 21, 2015, 04:29:58 pm »
Hi Patrick,
Weird and sorry to hear about the problem. I'm one of those whose holdings is affected. I had 10,000 Gold Fields shares and sold 5,000 yesterday. Then I sold 2,500 this morning obviously after the problem arose. My holdings now shows as 2,500 which is correct but the sale of 5,000 from yesterday has been lost. Not sure if this affects the PnL reporting either because that looks a little overstated for me too.
Good luck and thanks for the efforts in keeping this site updated and so efficient. I'm sure I speak on behalf of all of us in saying that.
Cheers,
Bevan
Weird and sorry to hear about the problem. I'm one of those whose holdings is affected. I had 10,000 Gold Fields shares and sold 5,000 yesterday. Then I sold 2,500 this morning obviously after the problem arose. My holdings now shows as 2,500 which is correct but the sale of 5,000 from yesterday has been lost. Not sure if this affects the PnL reporting either because that looks a little overstated for me too.
Good luck and thanks for the efforts in keeping this site updated and so efficient. I'm sure I speak on behalf of all of us in saying that.
Cheers,
Bevan
162
Off topic / Re: Live chat
« on: May 18, 2015, 09:07:56 am »... Ryan Otto of Ellies has taken many zero cost collars.....cents
GCR, as a major shareholder of Ellies Ryan would be wanting to protect his downside. He can do this by buying a put e.g. Ellies trading at spot of 120 cents, he would buy a put for a strike of 100 cents (for instance) and pay a premium of 2 cents (for example). However, he wouldn't want to pay this premium over millions of shares so he would then sell a call for a premium of 2 cents, thus making it a zero-cost collar. The strike price for the call would be worked out so that it is worth a premium of 2 cents e.g. strike could be 135 cents. Thus he gets downside protection but is exposed to risk on the upside. However, as he owns physical shares, his upside risk is negated because he can always sell his shares to cover any financial payout he would have to make if the call was exercised.
165
Off topic / Re: Live chat
« on: April 24, 2015, 07:48:01 am »
Price of iron ore (Platts 62.5% Fe CIF China) "soared" on Wednesday from $48.50 to $52.90 on Singapore Exchange. Still some way down from circa $145 a year or so ago. Export parity FOT prices at Sishen are likely around R280 per tonne for Kumba. Can't see how they are making money at those prices.