Iofina Share Discussion Threads

[jackster193] 30/10/2013 09:02

Jonnyno1: Thx.

[rhwillcol] 30/10/2013 08:59

Jonnyno1: thank you for the explanation.

[jonnyno1] 30/10/2013 08:54

rhw its a c trade, which i believe means contra trade ie reversing a previous trade,however on closer examination yesterdays trade first thing in the morning is a c trade.

is how i understand it.

j.

[engelo] 30/10/2013 08:47

while we're on SQM:



That would cause a nice diversion. Presumably Potash wouldn't be primarily interested in the iodine.

[rhwillcol] 30/10/2013 08:21

Jonnynol: it's still there on ADVFN Level 2: 184.00 285,200 O 18:20:08

[jonnyno1] 30/10/2013 08:13

reported last night cancelled this morning, i often wonder why that happens.

j.

[jackster193] 30/10/2013 07:46

Another big buy last night....285,200 @184p!

[cool hand kev] 29/10/2013 23:07

Cyprus Steve: perhaps that's y the Sp has been suppressed to fill the trade?

[superg1] 29/10/2013 20:02

Not found by me but by another PI who is not old enough to post :-).

NOTE the last line, we have said for a while that lower iodine prices will force some smaller Chile producers out of business. Even SQM have had to close some higher cost mines.

So you can see we are nowhere near the predicted IOF operating cost, and Chile producers are reacting to defend the price.






The setting is part of the recommendation of the consulting firm McKinsey and subtracts its application at the corporate offices.

Tuesday October 29, 2013. - In a couple of weeks is scheduled to culminate the implementation of the "SQM 100" as SQM named the organizational restructuring firm, linked to Julio Ponce and Canadian PCS, began evaluating in late 2012 in response to the slowdown in the industry in which it participates. Taken together with a sharp reduction in its investment program for this year and next, the plan that the company made ​​with the support of the international consulting firm McKinsey, considers a series of staff layoffs could reach about 400 workers. Sources union explained that at the level of tasks and view company layoffs, which began in August, totalling about 250 people, mainly linked to the project area, the commented that-almost-was eliminated, which adds a strong adjustment in the cost of operation, which include cuts in services to contractors. The same sources said that the plan SQM 100 culminate in the coming weeks, it is still Its application in the headquarters and the offices of the company in Antofagasta, which would complete the designated number of layoffs. At the company confirmed that this adjustment provision is part of the process to improve the competitiveness of the firm, which now faces complex by lower prices of products sold and also by the scandal of the companies through which Ponce controls the company. SQM administration recently explained that the goals remain productive in areas where they can obtain better performances, it which has been ratified in the decision to refocus some of its processes, as would have happened in Salar where the production of potassium chloride (staple) was redirected to the sulphate of potassium, a specialty fertilizer has better prices and where SQM leads the market. Simultaneously, the low price of iodine closed some areas of the Nueva Victoria, which also merged operations vice and Nitrates Iodine.

[cyprussteve] 29/10/2013 19:48

28-Oct-13 08:46:23 185.00 50,000 Buy* 180.25 182.75 92.50k

As above, quite an interesting late reported buy from yesterday for £92k, @ 185p - well above the full offer price.
Regards
Steve

[bobsworth] 29/10/2013 17:21

I wonder how many more shares the current supply has?

[angel of the north] 29/10/2013 16:09

Is it early today.......? Watching and waiting!

[johncsimpson] 29/10/2013 15:16

What we need here is the kind of RNS China New Energy had this morning.

I know nothing of this company other than what I've read today but the figures seem to indicate a potential share price of +40p when all 10 (projected) plants are rolled out.

It's interesting because isn't ten the number of plants IFO are targeting in the next twelve months or so?

[napoleon 14th] 29/10/2013 15:08

Stop losses? Hmmmm.... not for me either; check out GBO!

[johncsimpson] 29/10/2013 14:29

Naah . . .

The last ten or so posts have all been really interesting.

I've used TA for some twenty years and up until about four or five years ago I felt (and it clearly did) give me an advantage. More recently, (the last year or two) I'm beginning to doubt just how much of an advantage I'm now getting.

Maybe it's the current financial climate but I suspect it's more likely to be the use of complicated logarithms which in the hands of some are superseding the 'traditional' TA techniques, plus, I suspect a lot of investors were drawn into TA in recent years without the experience to use it profitably. It also seems to me there is a new generation of 'investors' who have instant access to online trading and information who have embraced the new world of short term, internet swing trading to the point where there are times when the existing MM lead system / model cannot cope.

They're the same people who spend their weekends following Bet Fred, Paddy Power, William Hill etc. i.e. gamblers.

Or perhaps I'm too much of a 'traditionalist' and I'm failing to keep abreast of the times.

[warrensearle] 29/10/2013 13:31

Stop losses have always better at locking in profit rather than stopping losses -once your target price is hit a trailing stop loss of 5-10 percent works best to lock in profits .. With a trailling stop if the price goes up your position follows it until it retraces by your set percentage then It stops you out very useful... However unlike a guaranteed stop if the market moves against you quickly you may be dealt out at a Lower price than your set percentage

[superg1] 29/10/2013 11:50

I tend to use research as my stop loss trigger, it's worked quite well so far.

If you have a portfolio then I can see the reason why some go for stop losses, as personally beyond about 10 shares I'd struggle to keep up with the research, although I do find some can be buy and forget.

Stop losses are imo the most useless trading aid on the market. If you are going to use them guaranteed stop losses are the only sensible option.

With stop losses, if it's bad news the market will simply step over them and you are no better off with it. If it gets triggered, then it's because the market wanted your shares.

As can be seen by posters here, mysterious spike crashes have taken out stop losses before, and the price immediately corrects.

[rogerbridge] 29/10/2013 10:46

Lib, Have the tin hat ready but after 30 years of marriage, never used it and I don't expect to use it now, at least not where IOF is concerned.

[scrutable] 29/10/2013 09:46

Monty

On principle I never use stops. The share trade business is too full of sharp practice to put oneself at risk of being spiked out. I once lost £10,000 in a nano second with the so called Fair Trade people claiming that the share price of Tullow had fallen 10p and spiked back up again immediately afterwards. No trades had taken place. They referred to a flash quote on Bloomberg which I was not able to verify. A monkey could have jumped through a window in S America and hit a key. That's enough to trigger a false trade and allow a SB company to confiscate a valuable asset. You wake up one day and the position has disappeared without explanation.
It has simply been stopped out on a spike. Some of these can be suspect.

Instead of using stops, divide up your portfolio in 8-10 positions. You can still keep IOF as a 50% holding geared x4 times, If the share price is shorted down again by 25% and all your cash was tied in to the one share, you would lose it all, if 50% was divided up between 7-9 other shares you would survive.

The basic rule for survival long term is not just to look for high flyers but to cut out the maximum number of possibilities of a savage loss. That is why I no longer invest in Pre-Commercials ie any share that does not have a predictable rising income. Pre Commercials occasionally produces a wonder stock which dazzles the market but it obscures the memory of the multiple failures which eventually wipe investors out.

[the librarian] 29/10/2013 08:57

LOL, if anything goes even slightly wrong in that roger, it will be Your fault :}

[rogerbridge] 29/10/2013 08:46

I also hope that we wait for an rns when IO3 is running at a high rate of efficiency. We know the technology works, even my wife made liquidate part of her ISA and top up this morning. She is mega conservative, but is willing to invest in a company with such excellent prospects.