Glencore Share Discussion Threads

[arja] 21/11/2016 14:01

younasm- true and a crystal is much better but they are too dam expensive !

[younasm] 21/11/2016 11:50

Yes, chart looks bullish but it does not always predict the future.I have plenty of insurance for short positions, so I just build up my positions and take profits when target price is hit ..... I just need lots of volatility to be profitable.

[losses] 21/11/2016 11:44

What news today?

[arja] 21/11/2016 11:43

younasm- but GLEN chart still looks quite good for further progress . I thought the news today might hold them back but market undeterred

[russell250] 21/11/2016 09:38

did well to get out at 270 - think narrow range this week

despite copper stronger - emerging market bond sell off continues with dollar strength

still see this in 3- 3.50 range march - july

[younasm] 21/11/2016 08:27

Sold short at 270p.

[losses] 19/11/2016 12:49

Tony Hayward's (ex BP chief) doings... he's also at Genel in Kurdistan.So inside deal..

[younasm] 18/11/2016 17:56

I deal in options most of the time --- margin calls can be a regular thing unless you have already bought cheap cover in advance.Recently I bought cover for short positions at around 250p level -- then I sold loads of short position 280-288p level.Trying to buy margin/risk cover in advance of your main trades is my main headache -- taking losses / profits is the easy part.Have a good weekend and good luck.

[seroserio] 18/11/2016 17:36

Thanks Russell.

[russell250] 18/11/2016 16:43

Arja - I trade full time and after getting into financial difficulties after being caught out on a margin position with a large position in 2002 and almost losing my house etc when the cfo and ceo of a tech company where suspended due to financial irregularities - ( similar to rcn last week) I lost over 260k and it taught be a hefty lesson on margin - it took me 4 yrs to recover

I retired from work in November 2014 - and since then decided to just play market sensibly - fortunately I played glencore since sept 15 - this year have made over 2 million in glencore trading as my main holding throughout year - getting out when significant news impacts can effect price adverse - I sold out when got frothy last week but bought back in over last couple days.

I still intend to get out before dec 14 when Fed will increase rates - probably a week beforehand

losses - I see glencore at £3plus by March unless some significant issues with Trumps first 100 days but if you recall last year after December rate increase the market sold off heavily so although I hope you are right I will be out until after fed - yr end statement comes at end of yr results which should be good - but depending on value if yaun I will go in heavy in January if looks ok and currency within emerging markets hold up with Trump

Seroserio - not sure after fed - probably go into financials if dollar strengthen so much - I have played hsbc and oil with bp and rdsa this yr but lot relies on opec meeting and trump will increase usa oil production shale - plus he will open up coal pits on top of china reopening production so commodities may be vulnerable until understand what happening in new yr - just leave dec and January alone - Barclays is a good play in uk banks at present - 30% of revenune from USA IN DOLLARS plus on track with non core disposals.

Younasm I wouldn't be surprised to see 240 -245 prior to fed - ut after rate increase even 225-230 - recovery to £3 by march april - still a lot can happen in meantime -

[admin900] 18/11/2016 15:42

Gocompare is on the market now.

[younasm] 18/11/2016 14:42

The fed rate hike is priced in --- just waiting for copper price to come off overbought level.Expecting a drop to 245-240p level over next two weeks, followed by year-end rise to 265-285p level.I have no idea what will happen in 2017 -- too many potential scenarios. Happy to trade the volatility!!!

[seroserio] 18/11/2016 12:01

russell
How do you see Trump affecting commodities and share prices?
How soon would you get back in after the FED announcement do you think?

[losses] 18/11/2016 11:43

russ... I was hoping for £3+ by end of this year

[leonasdad] 18/11/2016 11:33

does that mean another aspect is a rich woman - or a taught flexi fact

[arja] 18/11/2016 11:30

russell50 - are you serious about having £450,000 in one stock or is it just loose change for you ? ( smile ) . I am a poor man by comparison !

[russell250] 18/11/2016 10:58

issue will be dec 14th when dollar strengthens further again - remember last December reaction and subsequent January awful start to year

Trump in on 20th Jan then may see some changes further - I think he will do tax cuts immediately and introduce a infrastructure funding package - maybe a 500b - 1 trillion bond - so he may do a deal with china over steel - which helps USA
but not 45% tariffs - needs them to maintain or buy more government debt.

China has stated will increase coal production in winter - that wont help - but deal glencore did with Japan in hindsight superb

I am in at 264 average I do not do cfd`s - have just over £450k in at present - have kept quite a lot of cash to take advantage of any falls -below 260 as I did earlier today

I do intend to be out 1 week prior to fed - and then back in probably around 235/240 - by march closer to £3 especially is dividend re-instated

be good if get shot of gold mine in kazagstan by then - would have reduced debt well below target plus additional income from improved commodity prices

[losses] 18/11/2016 09:42

Good call Younas... I didn't think it will go below 260!!

[younasm] 18/11/2016 08:41

Trying close more short positions around 258p.

[leonasdad] 18/11/2016 08:38

psycho bully

[arja] 18/11/2016 08:37

not so sure Losses and I got out in opening auction as decided to cut my loss . Might jump back in if it looks like recovering . good luck

[losses] 18/11/2016 08:10

Medium term all will be good Arja... these small corrections are healthy.

[arja] 17/11/2016 19:02

RIO and BHP falling in USA after UK close and might not be good for mining stocks on friday - hope they will turn around later !

[arja] 17/11/2016 12:46

hope so Losses as I kept part of my CFD holding !Up and down like a yoyo today .