Antofagasta Share Discussion Threads

[bobp] 04/8/2009 09:10

any reason for the fall today?

[slogsweep] 04/8/2009 08:45

Where can I get the copper price ? It used to be on Bloomberg but they don't show it anymore and attempts to search internet sites have all come up blank. Its as though copper has ceased to exist?

[diku] 03/8/2009 18:42

thebull...I still believe there is a lot of hype and speculation built in the very recent rise in miners that are controlling the FTSE on the back of glamarous profit headline figures posted by US companies...on one off gains and restructuring...but revenues falling!...

[thebull3] 03/8/2009 14:00

i share the same view diku, but not sure about copper, if commodities keep going up, and ftse hits 5000 these could go 900 short term, for that reason im staying away for the minute, watching closely though, doesnt help with all the good pmi figures out today

[diku] 03/8/2009 13:19

another small short at 799p...

[diku] 03/8/2009 10:36

We have just had a move similar to Feb/Mar 08....looking at the long term chart top of the thread...from below 600p to above 800p...

[chillwill] 03/8/2009 09:52

Looking a little overbought here @800p, up and out of an already steep upward trend.

[diku] 30/7/2009 19:28

I think I know this is not Oil!!!....my point being...a commodity Index can be manupilated and cornered by big players on speculation to drive it in it's favour...just like the Oil index was...it's a small short anyway...

[bedruthan] 30/7/2009 17:44

The miners follow metal prices (this is not oil) so if you extrapolate the metal price and compare it to a projected share price I am expecting Antofagasta to be 50% up in six months - better to go long than short!

[thebull3] 30/7/2009 15:12

this looks like its heading for the 800p mark to me

[diku] 30/7/2009 14:56

Yes but they said the same on Oil at $147...it all turned out to be speculation and a myth...currently this commodity indexes are speculated driven...

[bedruthan] 30/7/2009 14:49

Diku -You may regret that short take a look at the copper prices

[diku] 30/7/2009 13:24

small short in at 755p...

[thebull3] 30/7/2009 11:29

looking to take a position, just want to wait for US job data at 1.30pm

[diku] 30/7/2009 11:11

I see it shot up on trading statement..

[diku] 30/7/2009 10:22

Stock up 40p on just 400k shares...how much is real buying...or just getting a free ride on the back of the FTSE rise!...

[diku] 29/7/2009 14:54

still have the 710p short from few days ago...

want to play it safe and not being too greedy...

[diku] 29/7/2009 14:47

720p position closed at 710.5...

[diku] 29/7/2009 10:57

Short again at 720p...

[thebull3] 29/7/2009 09:01

760p closed at 719p.. watching carefully

[diku] 29/7/2009 08:08

750p short position closed at 700p...

[saltaire111] 28/7/2009 21:45

DOW's not really down enough. I left my sb short open (only £20 a point, so not really a big deal) but maybe I too should have got out before the bell. Did well today shorting Rio, lovely fall there.

[thebull3] 28/7/2009 20:45

closed my short at the close today, will see what happens at the open tommorow

[diku] 28/7/2009 12:11

with such low volume so far into the day...there seems to be a denial on the fall...further falls and the volume will pick up with the herd exiting...

correct me if I am wrong...but ANTO has only had one down day in 2 weeks and 1 day..need to see 2 consecutive down days...