Antofagasta Share Discussion Threads

[diku] 30/9/2009 10:17

short at 766p...

[diku] 24/9/2009 23:12

thebulls3...been out all day so not able to respond to your post of 1312 earlier...I can only think of Goodmans upgrade to Buy earlier in the week thus the strength...though we can never know what their true motives are!...

[chillwill] 24/9/2009 21:13

It's more just like herd mentality causing the market to overshoot in the short-term; there isn't a great deal of down side, i think my estimate was about 8% off the ftse as the institutions will want control of their market back and will start mopping up shares at those levels.

Have a look at elliot wave theory on wikipedia for some simple explanations as to the movements of the markets, think we may just be entering wave 4, especially with such a long rally recently looking like wave 3 and what i've heard friends and family say, matches the descriptions pretty nicely.

[thebull3] 24/9/2009 16:33

thanks chill, another bubble then?

[chillwill] 24/9/2009 15:49

because the markets have become loaded with PI's according the the ft (and others), at levels not seen since the dotcom boom, so (like the dotcom boom) equities values are becoming detached from their fundamentals

[thebull3] 24/9/2009 15:45

short closed 748p

[thebull3] 24/9/2009 15:28

why is this not this falling along with copper? any ideas diku?

[chillwill] 24/9/2009 13:17

should have closed xta and let this run instead it would appear. never mind

[chillwill] 23/9/2009 15:51

784.1 short closed at 767.4...

lol, i've got an xta short that's doing ok, so i'm going to let that run

[diku] 23/9/2009 15:15

776p short closed at 771.5p...

[chillwill] 23/9/2009 10:57

Pivot points for the day

R2 798
R1 787
PP 778
S1 767
S2 758

[diku] 22/9/2009 14:26

Just wondering if I should hold over the short for a medium term till around the 10th Oct...just before the 3rd quarter US reporting season...my hunch tells me even if the results are fair to good...it could turn into a Buy rumour...Sell on the news thingy...

[chillwill] 22/9/2009 13:59

Well you can see the nerve in the markets, look how much they were falling by yesterday until the DOW put on the brakes. If the DOW pops up a -200 point day like it does every few weeks the downward momentum will build very quickly (especially as a lot of this rally is due to numbers of PI's; reaching levels seen in the dotcom boom according to the ft the other day)

Hold mostly cash now apart from the xuks (ftse short etf) in my ISA, bought it around 5150 on the index (986 on the etf), looking for a bout 5% over autumn

[diku] 22/9/2009 13:37

We are constantly told by those financial gurus/commentators that there is trillions and trillions still sitting on the sidelines waiting to come in the markets!...any more rises and if the new money is forced into the markets then surely the smart money that bought in from Jan to March will be exiting...

[chillwill] 22/9/2009 13:17

haha, quite funny isn't it.

Yes, very toppy, the fib target for mining index was 18625 (give or a take a little), it made it to 18602, and swiftly dropped, if it's passed then 19989 is on (will stop out my short if 18700 is achieved)

[diku] 22/9/2009 13:14

Looks like you guys have all joined in today...just back from gardening duties...hope we all make some money out of this toppy market..

[chillwill] 22/9/2009 11:17

small short 784.1

R3 814
R2 799
R1 782
PP 766
S1 749

[thebull3] 22/9/2009 09:55

copper rising, could touch 800p today, small short 781

[lundhousegreen] 22/9/2009 09:39

Short at 784.5p...

[diku] 22/9/2009 08:28

short at 776p...

[chillwill] 22/9/2009 08:27

Agreed beau, although I've got a retracement target of around 4750 ish

[beaudelaire] 21/9/2009 14:59

More than 6 months rally is very unusual to the markets & FTSE.
I rather think we are beginning a long process of market
correction throughout Sept. - November.
The FTSE will probably revisit 4500 before a Christmas rally.

[thebull3] 21/9/2009 14:21

agree with you chill, watch it fall late on or first thing tommorow, copper going south

[diku] 21/9/2009 13:48

yes pass the parcel!...

[chillwill] 21/9/2009 13:07

...they want to sell