Antofagasta Share Discussion Threads

[sir buns up knealing] 21/3/2017 13:59

I just came to hide here for awhile. The ANTO chart is just too violent to watch...

I know what to do at every turn but know that if I do it it won't work.

If this share was human it would be committed to an asylum.

IMHO,

SBK

[jackdawsson] 20/3/2017 17:25

So the chaos begins 29th March. Personally, I think PM May has set the wrong date. 1st April, aka "All Fools Day", might be more apt.



Quote from link: "Ahead of Mrs May naming the date European Commission President Jean-Claude Juncker was quoted in German newspaper Bild saying the UK may have to abandon hopes of getting a trade deal if it did not agree to the term offered by the EU. These terms may include a £50bn "divorce bill" and Mr Juncker said Brexit could bring the remaining 27 members closer together: "They will all see from the UK's example that leaving the EU is a bad idea." - Hmmm.

Effect on UKX? Today a 3rd successive record closing high. It seems the more economic uncertainty & chaos the UK faces, the higher the FTSE 100 goes. The occasional sheer madness of markets rarely better exampled! - Regards & GL.

[eadwig] 20/3/2017 05:52

The main thing about shorts on the FTSE 100 is that it hasn't really been volatile. Occasionally intraday, but you have to be there to take advantage and I just haven't had the time available to me.

I have two WTI longs, but that Baker Hughes rig count on Friday was big. +14 if I remember correctly, twice last week's figure. Even so, the price will bounce around, and its only a matter of time until Saudi start talking it up again.

They have been actively talking it down, a strange state of affairs, but they want to punish non-compliers - Iraq and Russia basically. I'm not sure either care. Russia has budgeted for oil at $40 this year and who can blame Iraq for getting as much revenue as possible? Especially when Russia and Saudi have fought a proxy war via Isis in the middle of their already ravaged country.

Saudi should make the most of this. I'm sure once they float their national oil biz they wont be able to manipulate the oil market anymore without it being punished by the regulatory bodies of whatever exchange its on. Thy're going to want a solid looking oil price going forward to underpin that float - estimated for next year.

And Saudi have always held OPEC together, so could well be the end of an era. No one seems to be able to give me an answer when I ask if any other nationalised oil company is floated AND its country takes part in OPEC price manipulation.

The plan is I get some time to myself today. Any drop back towards 7400 will see me long on the FTSE. It might not even take a drop. If I luck at the charts and MAs for a while, it looks set to just keep going up. End of the tax year is approaching fast, I've got my profit in cash whatever happens, unless its something really drastic in very specific sectors in the next 13 trading days.

The amazing thing is with a such a large position in shorts underwater, my overall worth still keeps rising. I've had some unexpected catalysts this year - and made a few good calls too - but it's hard to lose in markets like this, truth be told.

It can't last - not past the end of the year, anyway.

Eadwig.

PS Who's already planning for the two last weeks of the COMp being 4 day trading weeks? Hahahahaha. Me and JD, we're very chilled about it ...

Eadwig

[Leans back and lights big spliff ...]

[soi] 19/3/2017 15:35

Hi

UT trade hard to understand but basically it it the level at which the most number of trades could potentially be closed.
It`s almost meaningless and the last few trades during cash open are more significant.

Re, FTSE 100, yes short positions are hard work and have been for a while.
I`m 3 x short 2 x long as at Friday`s close.
Limit close set on 1 short, in case it drops on tonight`s open which I am unlikely to see, then nothing on other 4 positions.

Similar WTI, was trading it mostly short Friday, 22 scalps and fortunately ended with 2 x short 2 x long remaining.

So whatever WTI does overnight, I do not have to worry and can start trading it again Monday, likely early.

Important to me with either index or commodity trades to be more or less hedged over the week end.

Being exclusively short or long over a w/e risky, a big move against you and Monday can be a headache. Been there.

I feel the FTSE should drop back but I`ve thought that a while and it isn`t dropping yet.
WTI now for me just an ultra short term trading instrument.

April & May may provide opportunities to exit short exposure on FTSE.

Net short on ANTO.

Yes, house builders strong,I`m net short PSN, could have done without BKG rising 6 % Friday and pulling up the sector.

All above refers to SB trades.

GL

soi

[eadwig] 19/3/2017 14:53

I did the same on Google Finance (except they have a 2 minute ticker) and it came back with almost exactly the same result.

I know that isn't exactly how the UT works, but I messed about with it previously in more volatile times and found that it tended to work out pretty closely. You could more or less draw an average line by eye through the days chart and get something close to the UT most weeks.

Sometimes it seemed wildly out, but the last 3 weeks it has been ridiculously close to the closing price - even when the closing price has altered radically in the last half hour compared to the rest of the day's movements. It definitely isn't normal behaviour.

But then I've read the definition of an uncrossing trade many times in the past, and can't honestly pretend I understand it. By the time I get to the end of the paragraph I've forgotten what was at the beginning ... either that or woken up several hours later with my face stuck by drool to the keyboard.

On to less serious matters, I'm considering hedging my FTSE 100 shorts with a long or two next week. Despite verging on article 50, a failed budget (where is that cash going to come from now it isn't coming from the self-employed?), inflation going mad, wages in real terms going backwards again and the BofE having one vote to hike rates, even the housebuilders are on the up again.

5 FTSE 100 shorts in and I'm averaging 16% down. When I take my yearly profits out at the end of the tax year, I'll be starting my next year with that position being equivalent to being around 14% of my overall trading portfolio. Quite a handicap to to start the year with! I need about a 300 point drop just to break-even.

I'm hoping many people decide to sell in May this year ... I can't imagine what kind of political upheaval would be required to actually take the wind out of the sales of the index at the moment. It seems the weaker the GBP gets, the more the top 25 of the FTSe, that make up about two thirds of the index and who mostly earn in USD or other currencies just get stronger. Bad news out of China with a falling oil price at the same time might do it (HSBA, RDSA, RDSB, BP, STAN, RIO, BLT, GLEN would all take a sharp drop) - until one of them gets boosted up with a bid from abroad.

As JD said on the BARC board, quoting Milton Keynes, 'the markets never do as you want them to'. I paraphrase. I think he said something about concrete cows too.

TTFN

P.S. New German car? You must be doing ok with the spread bets! Or is it an Opel?
I hope its reliable, spare parts will cost you a fortune given a few more months.

[sir buns up knealing] 19/3/2017 11:42

P.P.S. Eady,

I use IG whose SPs are dead accurate in line with the true market. III is an amateurish outfit with no sense of humour or respect for its most legendary posters.

IMHO,

SBK

[sir buns up knealing] 19/3/2017 11:37

Hi Jack,

This week: 229.75 and make it snappy before u no who naps it.

Thanks for conveying the truth the iii board.

Regards,

IMHO,

SBK

P.S. Get thee behind me Eadwig...

[eadwig] 18/3/2017 21:38

Blah, Blah, Blah.

Do a 500 SMA on 1 minute ticks over the day (ii provides the facility even though it says they're 5 minute ticks) and you'll see the UT should have been 231.91 or 0.09p off MY entry. Twice in 3 weeks I've been robbed by a dodgy UT.

I'm predicting closing prices from now on. So, as you haven't entered yet you're already too late for next weeks winning entry, cos I've got it! Muhahahha.

[sir buns up knealing] 18/3/2017 21:14

Hi Jack,

BARC COMP:

Only half a Whoop! from me this week: Who? The Lone Hydrangea!

He briefly bloomed by cunningly growing up from the compost between the choices of soi and I.

I wasn't able to comment yesterday as I had to collect my new (german) car in the afternoon. Consequently, after spending so much money I had to go and have a good lie down.

At least I was not present to see the share price swerve away from me in the last minutes and be once again done over by the U/T. This may have caused me some mild displacement of my usual equable and easy-going demeanour.

The fact is that TLH was bang on the money: the real closing price was 230.25. Therefore, soi with 231.45 was 1.2 points away from the correct number whereas I, with 229.25 was only 1.0 out. I consider that morally and intellectually I should have come second this week. This would mean that I should be only one point behind the terror from Thailand. Not that I am one to quibble, of course.

It is plain that with 4 weeks to go it is a duel to the death between me and soi. Hardly worth anyone else entering.

I was amused at No. 19 Eadwig's futile challenge. He came 4th after all his bluster and had to put up with a view of my rear end as I drove over the line. I have just three words to say to him:

Ha, ha, ha!

No, let us make that 6: Ha, ha, ha, ha, ha, ha!

Now to ruminate overnight about my share price choice for this week....

Regards,

IMHO,

SBK

[jackdawsson] 16/3/2017 20:53

SBK,

Naturally I disagree re Sturgeon & all petty nationalists, however sanitised her version may seem to be. At heart, she's little different. Brexit is just a convenient scapegoat. But I like your style. Never less than thought-provoking. Hence a tick-up.

Note, many Britons voted for Brexit. Not just the English. So why should all the others escape a good financial shafting if Brexit goes badly wrong? :o)

But as I said on iii, if the latter happens, expect another EU referendum in our lifetime. IMO, little question of it.

Re ANTO: sorry, but I'll leave it to Eadwig to join your latest ANTO trading party. I'm also neck deep in UKX shorts & that's just made new record highs.

Though I may free up more margin by booking some leveraged profits on VOD, after selling the real shares 2 days ago, I still need to be ultra cautious.

Besides, I've enough exposure with ANTO with 4 underwater shorts still to be settled. After that, I'm focusing on other sectors. That's already decided. - Regards & GL.

[sir buns up knealing] 16/3/2017 11:10

I told you all that 820 gap would soon be filled!

My target is back to 750. Could be seeing 9 quid again before that though. I'd be relaxed about that: comfortable shorting territory.

Anyway, after a lot of juggling and stress this morning I'm about 30 points further towards getting out of this dangerous woodland.

IMHO,

SBK

(Barc COMP Leader of the Pack, currently). Surprised Barc didn't spike though this am.

[gilesgraves] 16/3/2017 09:53

I haven't traded ANTO for a long time but bought 2000 shares this morning. What are the targets.? Im hoping for a move similar to what we saw on the 9th / 10th November

[chinese investor] 16/3/2017 08:10

Great Start !

[jackdawsson] 15/3/2017 20:48

SBK,

Thanks, but credit goes to Vtec. But at least any apparent shenanigans in the Comp seem wholly innocent. ;o)

With some unusual price moves seen with ANTO over recent months, I imagine it would only take a few seriously big players to shift the share price in either direction with significant momentum. Ditto for most low volume stocks. That might explain at least some of the more irrational share price moves seen with ANTO over the past year. - Regards & GL.

[sir buns up knealing] 15/3/2017 19:47

Damps,

Yep, one really does need to be quick on the draw with ANTO. I have started practicing with my Colt 45, to hone my reactions with the mouse and for other reasons...

I had a quick flirtation, short at 807.70 - quickly closed for a couple of points wanting to get back in at 810+ but got distracted by other matters at every such brief opportunity.

Anyway, 3 cheers for Jack who has managed to sort out the COMP S/S debacle. I now hope it will freeze in its current form until U/T on Friday. Dow too positive tonight though for my liking following the interest rate non-event.

IMHO,

SBK

[damp seaweed] 15/3/2017 17:16

SBK,
My counting is just fine. My concentration and dyslexia is however appalling, particularly when trying to do multiple tasks.
Anyway I made a some dosh and avoided get crushed by Soi. But you really do have to concentrate to catch these spikes.
In retrospect, I'm assuming the algo bots cleared their books for a minute or so, possibly due to expected news and that caused the spike down to 791 ??.
If that is true, then the price could have gone in either direction ??

[sir buns up knealing] 15/3/2017 10:19

Thanks Eady,

I own a virtual phone shop. Its work in progress.

Anto: wanted to go short at 807 this am but had to go out. See this morning's gap soon got filled. I feel that the gap at 820 will be next. I would love to see 826 and go short again. The results and the firmer Cu price justify it.

More importantly, I note that Damps must have taken over the counting on the COMP spreadsheet (ANTO: 810-803 = 17). As soi seems to have mysteriously acquired loads of extra points. How many baht did that cost, I wonder? And according to the SS records Storfs won last week not Callun. Fake news is everywhere these days.

IMHO,

SBK

[eadwig] 15/3/2017 09:56

SBK,

apropos to nothing at all ... I keep a mobile that cost me five quid in 2012 and I put five quid pay as you go on it, which I might have added to once. I gave it to a friend visiting the Uk in case of emergency, it wasn't used and he gave me it back when he left.

I now use that number when a site wants my mobile phone number to 'validate' me. For validation read to sell to advertisers. I'm not sure how many are sophisticated enough to actually do any cross-checking of the mobile number to identity details given. As I say, they're interested in getting a valid mobile number to sell to advertisers as much as anything - especially when you're not actually setting up an account linked to any financial transactions.

If i could be bothered to look I bet I have old mobiles lying around that I could buy a pay as you go sim card and stick it in. Even if they are set-up for a specific network, every town has at least one shop where some teenager will 'unlock' it for you.

I often use post codes from old addresses that very likely still have my name associated with them through some old account or other. The UK does most of its tracking by address, even for credit checks. The flats where I live don't have a number 13 - but there it is on the address lookup when I put my post code into a database (Good old Royal Mail). There's only two databases that everyone uses commercially, and they both give the wrong street address for my flat anyway ...

Things are tighter than they were though, for sure, and only going to get tighter. I had a load of hotmail and yahoo e-mail addresses that have been removed due to none use. I set up a gmail address recently and was surprised at the hoops I had to jump through. I got so lost on it all I decided to start from scratch and that failed when I used some data from the previous attempt (another e-mail address or phone number, I forget which).

On the other hand, having recently been denied purchasing a certain fund due to where I was logging in from, something that is actually legal and matters (apparently), I cleared browser history, turned tracking off and what do you know? The particular site was suddenly happy to accept my cash at the next attempt.

I'm sure where there is a will there is a way.

[chinese investor] 14/3/2017 08:03

Great Opening !

[chinese investor] 14/3/2017 07:48

A bit of entertainment before the market opens :-

Professor Pettigrew (ANTO) 10 Mar 2017 - 19:49:47
Awwwwwhhhh - what's the matter CI?
Frightened I'll expose you for the filth you really are?

[chinese investor] 14/3/2017 07:43

Great Results !

Great Dividend !

[soi] 14/3/2017 07:25

Good Morning

Results look strong.

GL

soi

[sir buns up knealing] 13/3/2017 19:54

Bland day for me on the markets. But having some success in my COMP campaign with:

"DNS_PROBE_FINISHED_BAD_CONFIG".

Next will be "PARANOIA_INDUCE_ GOOD_KNACKERER"

All's fair in love, war and the COMP!

IMHO,

SBK