Antofagasta Share Discussion Threads

[jackdawsson] 04/3/2017 00:59

Hi SBK,

Thanks & no problem. But should you happen to visit the USA anytime soon (the sooner the better, IMO) & want to put your RM Green Beret experience to further good use, as a favour to me & myriads others, I wouldn't blame you one iota for taking out Trump. Naturally, I don't mean out to a local restaurant or bar. ;o)

Patently, the fake in the White House, no doubt geed up by his former Goldman Sachs associates, continues to give it his all when it comes to pumping markets ever higher. Regardless of whether he can deliver on all his promises or not. This not only creates a dangerous bubble, it's now costing me some serious money. The world at large cries out for a Lee Harvey Oswald moment! - Regards & GL.

[sir buns up knealing] 03/3/2017 21:45

Hic!!

Tanks Jack, yer a starr...

Just before I set about bottle Numero dueux, I would like to say that I have constructive comments, realtime, to make about trading ANTO and also Barc but I find myself somewhat discombobulated by the Barc iii BB adoration at the moment and a bit slowed by libations.

Suffice it to say that I am about to overtake soi as the pre-eminent share Guru on all the BBs everywhere. I have got better and more handsome, whereas he needs a holiday and a facelift. I mean what was he doing shorting SNAP, buying LLOY at the top, getting involved with Capita at results time, etc. Madness.

IMHO,

SBK (Next in line for the Barc COMP Kingship).

P.S. Follow the gaps.

[sir buns up knealing] 03/3/2017 17:31

Ha! Off out now to acquire a bottle of Champagne, as my cellar seems to be rather empty. Maybe a whole case, or at least a Magnum?

Back later to celebrate my no doubt popular victory in the Barc COMP with myself here on the desert island.

So fitting to win the COMP on this day, the anniversary of being awarded my RMs' Green Beret (which I have on my head at this moment) a few years ago.

The cream always rises to the top despite the slings and arrows of outrageous fortune being hurled at one. When the going gets tough, the tough get going, and ANTO traders are the real hard and hairy chested men, etc.

Whoop! Whoop!

IMHO,

SBK

[soi] 03/3/2017 12:31

Hi

ANTO being it`s usual crazy self.

re French elections Macron will be the next president.

Already decided by the establishment who will do all they can to defeat Le Pen

ATB

soi

[jackdawsson] 28/2/2017 08:30

SBK,

An unreasonable deportation clampdown is spreading in UK & now affecting ever more aspirational young people, too. Maybe of interest:

hxxp://www.change.org/p/amber-rudd-mp-stop-shiromini-getting-deported-she-is-three-months-away-from-completing-a-degree?utm_source=action_alert_sign&utm_medium=email&utm_campaign=716978&alert_id=VphljPBsjW_2CN9PWDSTgxtH2bRE20BMDOlsE7n%2BZ8KGkdXI1hfSXc%3D

By the by, decent day so far for ANTO shorts. A growing trend of lower lows & lower highs. A few gaps below may get filled sooner than later. - Regards.

[jackdawsson] 27/2/2017 22:36

Hi SBK,

Thanks. Glad you prospered some more with ANTO. I'm still thinking perhaps even lower soon before it goes back up again.

I caught that linked story earlier & initially I could barely believe what I was reading. First thought was: so we've truly regressed as a fair nation which once treated all people who live here equally... not that it was ever even nearly perfect. Very sad!

Re Peter's points, who I sincerely respect, & others I've spent some time contesting the past 24 hours: as you'll gather, IMO, we should NEVER collate crime data based on religious or racial grounds. That risks playing into the hands of those who'll exploit that information for other purposes.

Did we ever do that with Catholics, Protestants, et al, in past decades at the height of sectarian troubles? Did anyone put forward the idea that we should do so?

Why some are so keen to do so now, I'll reserve judgement about. As I said on iii, perhaps we should start compiling data on religious & racial grounds with members of the corrupt elite first? But I greatly doubt very many would be as keen on that idea. ;o) - All the best!

[sir buns up knealing] 27/2/2017 21:55

Jack,

ANTO good to me today. Probably because soi hasn't posted on that board since 10am, Maybe he is a gonner?

Totally agree with all of your above points.

There is currently an attempted suppression of views by opposing political groups everywhere. This is a bad situation. As we know, when words cease to fly bullets will.

I'm prepared to argue my case out and not prevent others to do so. But here I am in limbo land.

Anyway the breath - taking annoyance of the day:



The full story is even worse. But I guess it gets another tick up for the ghastly Mrs Amber Rudd by the xenophobic mob?

Finally, I was wondering if you would kindly communicate my invisible tick up to Peter Alan's last excellent and logically true post on iii?

Cheers,

IMHO,

Regards,

SBK

[jackdawsson] 26/2/2017 12:56

Hi SBK,

Thanks, though I'm a bit surprised you hedged your ANTO short at 868. It may of course go higher again later, but right now I don't see an overwhelming case for it massively so. Not unless copper breaks out.

But frankly, I think we're at a point where no-one can be too sure of what's next, nor how much of Trump's agenda is priced in. So it could work out well for you.

Naturally, any blame for my trades lies squarely with me, future positions included.

I'd already considered a 5th ANTO short, but then UKX, where I've still 3 shorts, continues to defy all Brexit challenges, fears, uncertainties, etc. Despite weaker Sterling & commodity spikes, it's still quite high. Those shorts need settling. Who knows when?

On iii's UKX BB we have Barcap calling 6500 soon. But most other TA traders are seeing 7500 or even 8000 first.

Like I say, no-one really knows & I still plan to take available gains at sub-7100. Then I might consider adding a position to ANTO. However, I'd also like to close a couple of BARC shorts first, opened at 190+ & 232+, even if for break-even.

Fact is, I'm holding considerable paper losses with leverage largely for reasons mentioned to Jalopeno, 02.24 yesterday morning. Quote:

"What's commonly observable with SBs is that manifold temptations of leverage render many traders vulnerable to taking on more risky trades. For eg. shorting miners, oilies, indices, etc. Not least as those trades also offer better prospects of seeing bigger profits, far sooner.

Some such risks wouldn't even be possible for retail traders limited to FTSE stocks. I think taking on those more risky trades, then over-staking from poor discipline, is what finds out most spread-bettors. If not immediately, then almost certainly eventually."

Thus, following my own warnings to others, I really don't want to be adding SBs, risking further damage & more funding.

Either I'm right & my positions will come back to me shortly, or I may need to pay a heavy price, including closing my SB account & sticking with what I know is profitable for me. That'll also free up time for other obligations, such as have been demanded of me recently. - All the best!

[sir buns up knealing] 26/2/2017 12:13

Thanks Jack for keeping my legend alive,

Last week was something wild. Especially Thursday, when I had to deal with two market position crises at the same time, re: ANTO and Barc. I survived nicely due to some pretty nifty trading if I do say so myself.

Take Barc: it rose strongly in the early session, sitting comfortably above 240. Then at precisely 10am the market decided Barc was a bad thing and the share price plummeted, just as if some master criminal had flipped a switch! I think there are some good range trading opportunities with this for a while between, say, 214 - 237. Banks may get more upside pull when the Republicans come out with their tax & regs policies. This might begin on Tuesday when Trump gives his "State of the Union" speech. The market may swallow the B/S?

Down the line I reckon Trump won't last. Like Nixon he'll fail to win against the Press, the FBI and CIA. They will, with increased vigour now, keep opening cupboards until they find an entire ossuary, no doubt.

ANTO: I'm still well underwater there - due to an overnight protective long at 868. Logical at the time but wisdom counts for nought with ANTO, as you know. So I'm kind of tied between two horses at the moment which are pulling in opposite directions. But I would really like it to head north at the moment. This situation is mostly the fault of me getting back into this share because of Damps' encouragement.

One consequence of my not being able to post on iii is that peeps are losing money. Take soi on Friday, he was insanely adding ANTO longs at 829, 821, 819, etc., all the way down (joined by Rhino). If I had access to the ANTO board I could have told them it was heading for sub £8. Plain as a pikestaff to me at the time. I was actually shouting at my screen... but of course they would have taken no heed. Rhino is a pachyderm and soi has gone mad. He now thinks that he is a General in Ancient China. More like Admiral Arima, methinks? Soi will get to a good place with ANTO in the end, naturally. But he sure likes to take the scenic route! As he promised, I'm sure my 736 short will come good, despite zooming up to £9 first!

With regard to your ANTO position I sincerely think that it time for you to add a short above £8. It is almost certain to improve your overall position in time. Probably as soon as the BHP strike ends. I do realize that it is usually folly to take the advice of others but in the event of things going wrong one has the benefit of being able to blame the adviser. After all, who else is there to point the finger at?

IMHO,

Regards,

SBK

[sir buns up knealing] 25/2/2017 16:06

And this week's winning Barc COMP entry is....

231.25.

TIA.

IMHO,

SBK

(Regarding the latest vulture fake news: I am still a member of iii in that I have an account and can sign in. Just not allowed to speak).

[sir buns up knealing] 21/2/2017 21:56

Jack,

See all of the above.

Your pertinent quote:

"But for now, market behaviour in USA suggests no-one considers anything much bar, "buy, buy & buy!". As evidenced by successive record highs. There seems no end to it, so strong is the euphoria. Quite irrational at times!"

IMO, its all irrational. I was there in 1999 (tech partying like it was 1999!). This is bubble time again. I studiously stay one tight step short on everything just to be ready when the cards collapse.

IMHO,

SBK

[sir buns up knealing] 21/2/2017 20:00

Hi Jack,

Nobody could ever accuse me of "just saying the right things to garner favour". LOL!

While I was struggling with ANTO all day I kept an eye on soi's WTI battle. Of course nobody wants to see a colleague lose money but I must admit to some twinges of schadenfreude as the master was having a hard time this morning, being spit roasted over an oil-fired barbecue. Why should "the immortals" have it so easy when us lesser beings have to grub about for crumbs?

Talking of food, soi has "Kit-Kat" snack breaks. This got me thinking: surely chocolate just melts before you can eat it in the sultry tropics? At this point I glanced at my sleeping Tabby, Kitty Cat...no he wouldn't would he, even though he's in omnivorous Thailand?!

Anyway, tomorrow is another day at the SB battlefront. Barc and Anto in my sights.

Regards,

SBK

[jackdawsson] 21/2/2017 10:44

SBK,

Despite my considerable ANTO travails & some FTSE shorts underwater (but not critically so), ditto SB longs in VOD & shorts in BARC, all my recent buys via real shares again in profit. Buys of BT at 313+, VOD 191+ & 199+.

There seems an obvious message for me in that: perhaps I, & all of us, should consider focusing only on what's verifiably profitable in this game?

Re iii rankings: Eadwig made a good comment on that a few days ago & why they're mostly meaningless, with most top-ranked posters being boosted by being very active on the most popular AIM BBs & just saying the right things to garner favour. Pft! - Regards.

[sir buns up knealing] 20/2/2017 21:47

Scrawling on the cell wall...

It was a delight to see soi digging and filling in WTI holes today. Mind you, he had to work a long overtime shift, after the 4:30 bell to complete the job.

He still has a few ANTO short voids to backfill and I'm hoping that happens soon. I just missed going long on the 838 gap fill this morning, much to my self-annoyance.
But that is the thing to remember with ANTO: it is very gap loyal. To a point or two, indeed.

My missing out on the upward ride was partly due to me messing about with BARC at the time. Regarding which, the last time I looked the COMP I was winning this week and now only 5 points behind his nibs. I note that I am also still the 76th most popular poster on iii, even without being there!

My next ANTO move will be in response to a gap. Another bus will be coming down the road soon.

IMHO,

SBK

[jackdawsson] 19/2/2017 18:01

SBK,

Saw it. Trump’s live speeches & press conferences are increasingly becoming the stuff of unintended comedy. But as you say, there’s potential for serious mayhem as well.

I’ve always been a compassionate person, as misplaced as it sometimes is. I genuinely despair for some members of the human race, even those that I couldn’t disagree more with. But there's also the problem of who'd most likely replace Trump if that situation arises. As mentioned before, Mike Pence seems as toxic, if not more so:

hxxp://www.rightwingwatch.org/post/a-dozen-reasons-why-mike-pence-is-just-as-bad-as-donald-trump/

Though the topic is complex, I can only agree that aspects of modern civilization seem to have regressed by decades in key aspects. A lot of social progress being undone. In the USA not least, but here too. We also can't ignore extreme elements in the ME & Africa, et al.

The danger ahead is that, as objectivity gets lost, those more extreme elements on ALL sides will feed off each other to get stronger still. That scenario not so far-fetched.

It all bodes for a very difficult 4 years ahead of us, but probably longer. - Regards.

[jackdawsson] 19/2/2017 13:54

Hi SBK,

I agree re ANTO, but one also needs a sizeable account to trade it that way, or else risk stop losses often. An alternative road here is: stay well funded & sit tight, without risking more damage.

After trending above 800, notwithstanding recent intraday high of 905, which direction next, sub-800, or 900+? Much depends on copper of course. Despite successive falls, no sure thing either way. But no surprise if we see much lower soon as some of Trump's "pie in the sky" (or should that be, lie in the sky) promises unravel.

I've always said similar re Trump: 2 years max. He seems seriously out of his depth on anything demanding deeper consideration.

Take his flippant view on Israel, to quote: "Asked what he thought about a two-state solution on Wednesday, Trump said: “I’m looking at two-state and one-state and I like the one that both parties like. I’m very happy with the one that both parties like,” he said." End quote.

Key problem for decades behind the bloody conflict in Israel is that there is NO obvious solution that both parties agree on. I think even the average dude realizes that by now.

Give it time &, IMO, even Trump supporters will tire of the "fake news", "America first', mantra. He's got away with simplistic cliches in the boardroom of Trump Tower for years. But POTUS demands something far greater & he's patently struggling.

Re VU's "Venus in Furs". FWIW, whilst appreciating what the song's about, I've always liked it from another angle: musically, not least. But also as flowing from a surfeit of frivolous pleasure, then finding disillusionment & growing weariness with life, which fundamentally is mostly meaningless anyway.

I still miss waiting for Lou's new songs & I always will. Ditto Leonard Cohen as time passes.

Re iii: now if, like you, I was on some sad individual's hit-list, presumably that VU link may even have resulted in a possible ban. ;o) After all, going by iii's standards, it's probably deemed far worse than examples like Holocaust-denial. - Good job I mostly keep away from LLOY's & BP's BBs.

Regards & GL.