Antofagasta Share Discussion Threads

[jackdawsson] 07/4/2017 20:38

Hi SBK

She plays Chopin well. Lots of feeling in every note. Fair guess that she probably likes the beauty of some of Leonard Cohen's music & Joy Division, too.

By the by, to give you a fair chance in last week of this season's Comp, I'm willing to enter you fairly late on Sunday evening. Obviously by the 9 pm deadline as GoS is known to be fairly strict on that.

I think Soi's a fair-minded gentleman at heart, he relishes any challenge & he won't mind this at all. In fact, I'd do the same for Soi if he was in your place. - Regards & take care.

[sir buns up knealing] 07/4/2017 19:34

Suitable mood music for this evening:



IMHO,

SBK

[sir buns up knealing] 06/4/2017 18:54

I think Damp Seaweed has got a real handle on how to trade this share now. He takes a calm, cautious and measured approach. Enters a position only when there is a substantial margin of safety.

Annoying really.

This share is extremely frustrating gives me a headache and drives me up the frigging wall!

IMHO,

SBK

[sir buns up knealing] 05/4/2017 14:37

soi,

I left them running. They are still there. I intend to leave that short open all the way down to the 835 area at least then maybe close them if the downward force is strong. Closing them now would be great in the long run but it would eat up current margin, especially if it goes much further north.

IMHO,

Regards,

SBK

[soi] 05/4/2017 10:12

Hi

ANTO strong now, I`ve closed a few positions but didn`t quite think it would head to 860 +.Am overall net short. Did you close your longs or left them running ?

Yes, BARC looks like a long.

GL

soi

[jackdawsson] 05/4/2017 10:08

Hi Soi & SBK,

As ANTO opened 849, small gap from yesterday's close 840. Fillable enough. Beyond that, with copper prices all over the place recently, hard to say. Though copper also has big gaps below.

Re Comp: certainly this season I've been distracted by wishfulness re one notably mistimed BARC short. Subconsciously, that's skewed my weekly selections to the downside.

Next season will be very different. I mean to go on as I finish, hopefully with at least podium places in final 2 weeks. ;o) - Regards & GL.

JD off out for the day.

[sir buns up knealing] 05/4/2017 09:06

Actually, I added a short @ 850.1 soon after the opening bell. Strategic placing. Will come good in time. Copper strong ATM - hoping for some slippage there.

IMHO,

SBK

P.S. Long on Barc now: need the share price to rise strongly before Friday close.

[sir buns up knealing] 04/4/2017 18:32

Hi soi,

No time like the present. I would drop everything if I were you and get a flight to Santiago. Make holiday of it; stay off the internet for a fortnight and just chill. The Andes probably get in the way of internet signals anyway.

As you say Chilean wine is good and much underrated.

I noted today on the Barc BB Eadwig implying that I was having kittens regarding the COMP this week. For one thing, they would be cubs as we Tigers have, not kittens.

He also posted up a crude MA chart which had no meaning. Typical from someone who can't even drive Windows 10 or copy a hyperlink.

Anyway, it is obvious that a 10 point+ rebound is on the cards this week, with 3 days left. If only because the current top 3 are: JD, 2o and Eadwig! There is no way such a motley crew can occupy my zone of influence for long.

ANTO: I would like to see 850 and clear my longs at 834 & 835. Then just hang short for a long time or until I'm back in overall profit at about £8. (B/E 810ish). That is the plan...

IMHO,

SBK

[soi] 04/4/2017 11:47

Hi

Interesting SBK

Chile often gets high ratings for expat living, as does Ecuador.
Not been to either.
Climate looks great, wine from there good also
Long way to go for a trial visit.

ATB

soi

[sir buns up knealing] 04/4/2017 09:11

Here is a good place for soi to keep warm in the winters:

hxxp://en.climate-data.org/location/2064/

And keep his finger on the pulse of matters.

Looks like ANTO going south for awhile right now. Should pick up though towards the results date.

IMHO,

SBK

[jackdawsson] 03/4/2017 12:22

Hi Soi,

Thanks for taking time to clarify things, but no problem here. That's what I figured. Now if SBK had done the same... well, I might have thought otherwise. ;o)

All the best with trading FTSE, ANTO, VOD, et al!

I've been day-trading BT (long again), RBS short & LLOY long. Little added risk, which suits me. Tempted by IMG & going long, but decided against it as I really have very little idea about the long-term damage there from today's bad news re Apple dropping them.

May re-add a 2nd long with VOD soon. As that stake would be bigger, I'd post it live on respective BB on iii. - Regards & GL!

[soi] 03/4/2017 11:12

Hi

Interesting posts, been busy mostly with FTSE scalps.

Jack , my profuse apologies, didn`t realise I`d left out your entry, I happened to be reading here and spotted SBK`s entry request whilst on hold, yet again with my main UK bank and started typing his entry but delayed a while before posting as I actually managed to get in touch with a human being rather than an automated message menu.

Not that it did any good.


Damps, appreciate your view on Spain/Tenerife, been to the former many years ago, never to the latter.
I`m just trying to put back up plans in place in case I tire of Thailand or it changes for the worse.


Just somewhere that has a decent climate and infrastructure OK for me, simply can`t stand cold weather.
Would like to be nearer to the UK, here is a long way from " home ".

ATB

soi

[jackdawsson] 02/4/2017 22:41

Hi SBK & Eadwig,

Points acknowledged. Briefly re Comp: considering next week is last one this season, I'd keep squinting closely re Soi. He evidently forgot I was no longer in contention as instead of deleting your entry, he blooming deleted mine. ;o) Trust no-one!

Re Gibraltar comments: I never liked (Lord) Michael Howard. Always thought him a most slippery, untrustworthy politician. Whereas Michael Fallon strikes me as another lightweight. But I never thought either of them could be so daft as well. I've rarely heard anything more embarrassing from UK politicians. Worthy of Trump, which takes some doing.

Other matters re Brexit: I agree it looks like all downhill from here for a while. A lot of UK more disunited.

Every time I read, "the harder the Brexit, the better!" I picture either selfish, elderly people enjoying triple-lock pension protections, or else young & economically extremely naive. Either can make one despair.

As economist Danny Blanchflower said, quote: "With the Brexit vote, the old declared war on the young, and the young should respond by giving them the middle finger.”

I think achieving a truly unified UK during this ineffably complex Brexit process, as Theresa May hopes for, is sheer fantasy. Instead, some very hard times ahead & more disunity.

Regards to both!

[eadwig] 02/4/2017 19:58

JD,

agreed, SAG and Pat can't win now except by scoring highly and soi and SBK missing out on points. I was in a similar situation last season (or season before) and so was forced to go extreme with my predictions to give myself a tactical chance. If you have a long way to catch up in just 2 weeks its no good being spot on if one of your opponents is just two or three places away.

SBK obviously doesn't realise this, having lost his nerve completely with 2 weeks to go and still in with a shout. soi will walk it.

Strange season for me, I think I've never before predicted the correct *direction* of the price so often, yet podiums have eluded me, often by fractions of a percent, but it makes a big difference with the scoring system.

Haven't read the BARC Bb very much of late, often missing out whole threads due to time constraints - and a few people rambling on about barely coherent stuff (like I can talk). Sounds like I should skip it for a few more days given the comments above.

The whole Brexit issue continues to cause divisions, it seems to me, perhaps worsening rather than being smoothed over, and any attempt at serious discussion very quickly has antagonistic language introduced. Probably in an attempt to distract from the facts. Or perhaps it has just become the new way. If it lasts much longer it will become part of the make-up of the culture permanently, if it hasn't already.

I'm back in the UK in a couple of weeks, and I'm finding myself looking forward to trips home less and less as a consequence of the above.

[sir buns up knealing] 02/4/2017 19:58

Thanks to you and also to soi who posted up my COMP entry at almost the same time. I did squint hard though to check that soi hadn't changed my choice somehow, say from 227.75 to 127.75. In fact I ought to go back and check it again.

Anyway, its good news that we may be going to war with Spain over Gibraltar. These bad hombres need to be taught a lesson. And it may lead to the Government reversing its proposed cuts the The Royal Marines, seeing as it was us that captured the Rock in the first place in 1704. I may rejoin if we are also going to invade the mainland; I want to be based in Marbella. Tax havens like Gibraltar need to be defended at all costs.

Tenerife could be a bad move for soi if we end up bombing it. Mind you it is a bit suspicious that only last week he said he might go there: is a a spy I wonder? Maybe one agent of an advanced party of our SOE saboteurs?

Hmmn, I wonder if that is why Eadwig is in Poland? He might be part of our planning team for when we invade Russia? I do wonder though why GB is sending forces to defend Romania and Latvia when theses nationalities are widely despised in the UK, views encouraged by the right wing Press? I guess they are just going to be launchpads for our forces for when we march on Moscow.

I just hope for one thing: our politicians such as Michael Howard join in the forthcoming battles, in the front line showing us their true leadership capabilities.

IMHO,

SBK

[jackdawsson] 02/4/2017 14:01

Hi SBK,

No problem & GL to both you & Soi. Hard to see anyone else in serious contention this season as, with only 2 weeks left, both SAG & Pat need to do very well during both weeks to make up ground. Can't rule it out, but seems unlikely that they'll get ahead of both of you. May the best man win, etc.

Re iii & a few deniers of Brexit empowering racial hatred: much agree. I think some people either lack empathy for those from certain backgrounds, or else they simply don't want to acknowledge the kind of environment Brexit has clearly added to.

Frankly, I think this kind of thing will only get worse before it gets better once the Brexit talks come to serious loggerheads & the general mood turns uglier. People are being whipped up by nationalist fervour & such regressive stuff rarely ends well for any of us.

I'm posting less as increasingly drawn away from desk & otherwise focused on SB screens (some good short-term trading opps taken with BT & OML last week). No doubt more extreme volatility ahead this week & well beyond. - Regards & GL.

[eadwig] 31/3/2017 07:21

DS,

A hookah is one of those shared pipes (usually with flavoured tobacco in it) that are pretty ubiquitous throughout the middle east, including Iran.

I have a cousin based in Tenerife. To my eternal shame he is a professional Elvis impersonator.

Talking of spreads and costs, I should be selling my 3x Long on WTI crude for a profit today - however, the move in GBP-USD Fx has also been multiplied by 3 and I think I'll probably have to take a loss. WTI is potentially on the verge of a price breakdown, and I daren't leave it open through the weekend.

Lots of talk of cutting the size of the Royal Marines on the BBC today, SBK, due to the £10Bn shortfall in the defence budget.

Mind you, someone on right now saying that we have record low levels of unemployment. So, they obviously have a lot of people with no idea what they're talking about on these days.

[jackdawsson] 30/3/2017 17:46

Hi Damps,

With SBs, no fees at point of trade due to wider spreads, but after that it all depends on what kind of SBs one holds. I use DFTs. Very similar to CFDs. They have fairly narrow spreads. In fact, prices close to actual market prices. However, these incur small holding charges every day, weekends & Bank Holidays included. They mount up, but are very manageable & for more experienced traders, a few scalping trades more than cover those costs.

Quarterly expiry SBs have wider spreads, but no daily costs. However, they either expire at a pre-set date limited to weeks or a few months, & a hit is taken; or else they're rolled over into the next quarter & any paper losses deducted from accounts, or profits are added. If holding losses, these expiry-date hits or rollover deductions can of course be substantial. So both types of SBs have pros & cons.

Regards.

[damp seaweed] 30/3/2017 16:31

SBK,
Have you thought about running an alternative comp on Advfn with a Thursday close ? ;)

[damp seaweed] 30/3/2017 14:34

I didn't know that there was no clear fees in SB. I have a number of CFD accounts. They charge ~0.1% to buy and sell.
Perhaps naively, I'm assuming that the fees, in SB are built into the margin/spread ?
I've got no idea what 'Hookah' is ?. Is it a more dodgy use of a Shisha. Now that was something I got a liking for in the Middle East.

My son is currently based out of Tenerife. He is loving it at the moment, as he is very keen on watersports and in particular Kite surfing. It gets pretty blowy out there. I had thought about taking up residence for a while, but it can get to be quite a small place and it is quite a long way from everywhere else. Mainland Spain suits me fine. Good food, loads of history and temperate climate.
I also like the Spanish, it seems they don't like Jean-Claude Juncker and more than I do. They think he is a German lackey, and they don't seem to like the German way of running the EU. Anyway I'll keep politics off this site as it does seem to be pervading everywhere else

[sir buns up knealing] 30/3/2017 13:07

Eadwig,

I guess when you are that stoned Cricket seems like a fast game?

Right now I want ANTO into the 830s to start shorting it.

I want Barc to get back to 228.

I also want to go to Thailand and hire a big fast car and cruise the streets of a coastal town.

IMHO,

SBK