Anglo Asian Mining Share Discussion Threads

[wanobi] 05/12/2018 09:16

ORM - back-test of yesterdays breakout perhaps! cheers Wan



free stock charts from uk.advfn.com

[cinoib] 05/12/2018 09:06

Currently 11-1 on the buy side so shouldn't keep this price to much longer and pog of£ or so last I looked. See the yanks lost all the last 2 days gains in one session, typical.

[wanobi] 05/12/2018 07:59

thanx bwana, agreed, ORM is a LTH for me... cheers Wan

[bwana4] 05/12/2018 06:32

Good morning all.
Wanobi, ORM is a long term hold. Don't forget many bought in at 2P. Now taking profits.
Wait until production starts there. They may work 7 days a week also at ORM.
Look what happened to AAZ. I started to buy in @ 32P and topped up to 95P.
The same in ORM I got in @ 2 P and topped up to 4.8P. The herd will arrive in ORM soon.
All of th sellers will sit back and say why did I sell it at 5 P.
I expect ORM to settle around 8/10P.
We had a small tornado here last night. Today seems much calmer. I am off to Kyrenia for the day.

Bumpa, wishing you good luck with your shorts. Also luck to your friend in the hospital. You are a good smaritan.
Have a good day all.
ATB.

[friendzarin] 05/12/2018 04:35

Just to fess up I’ve sold a few over the last few sessions. Less than six figures and a fraction of my holding they went fairly easily at an average over 94. First I’ve sold ( other than bed/ISA ) after over two years of solid accumulation. A rather forced and reluctant seller at this stage since I’ve tax liabilities to meet and I appreciate the additional value that remains for the buyer to be realised in the future. In the bigger picture it’s making the market and confirms to me what’s obvious in any event , that there is a buyer in volume currently who will underpin the share price at these levels and subsequently provide support. Cheers Fz.

[blackjade11] 04/12/2018 21:58

brasso3, keep focusing on these companies. they are real and will make you money. forget about the others we know........

[the_debt_collector] 04/12/2018 21:56

People sell for all kinds of reasons, this has doubled in quick time, in current markets cash is king, short terms sellers possibly looking at the overbought RSI.

[wanobi] 04/12/2018 21:44

hoping a flight to Gold as a safe haven should it all go awry will help AAZ and be a hedge against my other holdings... cheers Wan

[wanobi] 04/12/2018 21:41

thanx Bumpa, agreed, cheers Wan

[bumpa33] 04/12/2018 21:39

Wan - there’s a fair amount of stuff out there about the yield curve inversion - not everyone agrees (unsurprisingly) on what we’re seeing now and it’s possible effect.

Regardless, at the moment we have a market that’s gonna have a tough time making new highs, stating the somewhat bleedin’ obvious...

[bumpa33] 04/12/2018 21:30

US shut tomorrow I believe. Will be looking for any neg. news pre market UK tomorrow morning as any bad co. news will get slammed.

I think Sven Hendrich’s year end bounce thesis may have taken a knock today..!

[wanobi] 04/12/2018 21:27

CNBC - The same bond market move happening now occurred before the last three recessions

Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession.

In the last three recessions, the curve of the 3-year and 5-year had inverted an average 26.3 months before the recession.

The worst stock market performance is not when the yield is inverting, but after it begins to steepen again, according to Bespoke.

Cheers
Wan

[wanobi] 04/12/2018 21:23

will have to watch this very closely Bumpa, cheers Wan

[bumpa33] 04/12/2018 21:14

The S&P dropped like a stone from 2760, found support twice at 2700, but a bad day nonetheless. I’ve a feeling some low vol stuff is starting to blow up...

[bumpa33] 04/12/2018 21:12

Closed Tesla for a loss on the bell at $359 - 10 points off the highs of the day - but considering the blood bath literally everywhere else no point in staying with it.

[sportbilly1976] 04/12/2018 21:12

Dma, not dam

[sportbilly1976] 04/12/2018 21:11

You can see the drop around 5pm gmt when the 200 dam went and there was a significant drop in 20-30 minutes straight after...etf's and quants there taking over in the ultra short term

[bumpa33] 04/12/2018 21:00

Just about holding 2700 into the close but off 3.3%

The only other 3 years since 1950 we’ve had a 3% down day in December?

2000
2008
1987

[bumpa33] 04/12/2018 20:31

Bounced once off 2700, threatening again now.

[wanobi] 04/12/2018 20:30

Bumpa, I'm very sorry to hear about your neighbour, fingers crossed its a small one and he/she will make a full recovery, cheers Wan

[bumpa33] 04/12/2018 20:22

The problem with these swings is that they chip away at the confidence of market participants and the market becomes destabilised - increasingly nervy and jittery.

[bumpa33] 04/12/2018 20:18

Just had a quick look in and wow - the brutality of the thumps down make me fear for this market wan. Unfortunately I’m out of the game this evening as at the local hospital translating for my neighbour and a suspected stroke. This would’ve been an evening to trade, for sure :(