Don't worry when bulls back in control, Glen will have a nice run up to 19th Feb.Trump tariffs gave bear algos the opportunity to short the hell out of Glenccore. |
FTSE UP even when mining sector down...amazing |
Yes why was GLEN stuck below 350p... |
Something is going on as BHP RIO did move up and down buy Glen is stuck .. |
I am a bull never want to short any shares.. |
Don't do it, Everyman and he's dog gone short on the Trump tariff trade, there will be a massive bear squeeze 19th Feb. That's my opinion, but shorting at 349p seems high risk, but hey who knows. |
Thank you . |
I.G. Index.
spud |
I do not have avenue to short any shares even if I want...LOL. |
Will buy at every low level.. |
I love HSBC, not for trading for income isa.I don't like giving gov .5% every time I trade. That's why I like trading Glen.Action, you could be right 340p 10p profit downside, upside 30p, for risk reward I can't short at 350p.Don't forget bears have to buy back one day, one bit of positive news, bear squeeze. |
monty...that HSBA price is like tech boom chart...blow off territory... |
Broken 350p. Next stop 340p again? |
My PT is north of 400p unless Glen surprises us with lower profit with higher Copper prices like BP. |
If you're trading Glen and it's the best trading share, no stamp duty, moves up and down, very liquid.For bull traders, buybacks underpin a shareprice, I think would get Glen to 385p.If I wanted a shareprice for income, there is other higher dividend shares about.Everyone to their own strategy. |
Buybacks is just another tool attached to market for jobs purposes... |
Sometimes buy back is manipulated by MM to their advantage and hence defies the buy back objective |
"None of us can spend a wasteful buyback"
Amen to that. I hate buybacks unless the company is trading at 50% (or less) of NAV. |
Buybacks every time for me, pushes shareprice higher, surely directors want to take advantage of low shareprice, for us no tax on buybacks, unlike dividends, unless in ISA.But for now Trump tariffs and algos selling and in control, bears have come out of hibernation. |
Not investable atm for either CG or Yield. Forget the buyback, just bring the dividend back into the 8% range.None of us can spend a wasteful buyback.spud |
Trump tariffs war, chance for algos to short miners. |
Bear algorithms in control, it seems. |
BP announced buybacks always good, buybacks is what Glen wants 19th Feb, at 355p surely a gift from the stock market gods, lol. |
BP announced poor results may impact GLEN??? |
Copper low of 3.70 to 4.70 today ... Glen from high of 500p to 350p.. place your bet either copper is too high or Glen is roo low... |
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