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AEG,GND

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Super Contributor

Re:Re:AEG,GND

if you read the statements from the weekend conference, nothing suggested they are going back to industrialisation, they've already built everything they need so no new demand for steel etc. .. but hey things moving; either you making money, losing it or watching agog from the side lines .. one is a bad place to be ..
Simon
Contributor

Re:AEG,GND

KIO has been good too me, sold out yesterday.. out on the sidelines for now and will wait for the ecstasy party too subside!!
Super Contributor

Re:Re:Re:AEG,GND

Exactly Simon, so explain yesterdays 20% move on iron ore?? Explain the moves we seeing in Copper, Oil, Platinum... If industrialisation days are behind China surely these companies are going to suffer, with the cheap negative interest rates out there, only more will be able to survive now..Huge oversupply I see..
Super Contributor

Re:Re:Re:Re:AEG,GND

The central banks have created financial policies that will lead to another bubble. By giving free money, more of these zombie commodity companies will now be able to survive for longer thereby worsening the supply issue, instead of following the natural order of things and allowing them to fold.. So supply demand can come into alignment of some sorts
N/A

Re:Re:Re:Re:Re:AEG,GND

just make sure you don't lack the spirit of your convictions there Hali. If this is your trading theory (and it isn't a very good one, IMO - because this is nothing new, already known and theorized ad nauseum) - anyways where was I - if this is your theory, then act on it. But you have to know at what point in time you will be willing to accept defeat. I do hope that wasn't yesterday afternoon.
N/A

Re:Re:Re:Re:Re:AEG,GND

just make sure you don't lack the spirit of your convictions there Hali. If this is your trading theory (and it isn't a very good one, IMO - because this is nothing new, already known and theorized ad nauseum) - anyways where was I - if this is your theory, then act on it. But you have to know at what point in time you will be willing to accept defeat. I do hope that wasn't yesterday afternoon.
Super Contributor

Re:Re:Re:Re:Re:Re:AEG,GND

Im short AGL, I am convinced that this will tank as you can only go up on air for so long, once that balloon bursts it will come down and some..
Super Contributor

Re:Re:Re:Re:Re:Re:Re:AEG,GND

So you are shorting the third biggest diversified miner, an in vogue stock at a 40% discount to NAV after some ferocious write-downs, offering counter-Rand properties and at a probable (near) bottom in the commodities market. AND with buyout speculation swirling... You are paying 10% odd per annum for your position to boot. Her price chart in her home (UK) market shows first proper resistance at R300 odd! You may well be right - but this is not my kind of trade.
Highlighted
Super Contributor

Re:Re:Re:Re:Re:Re:Re:Re:AEG,GND

He's also effectively shorting the opinions of Blackrock, Goldman and Deutsche Bank. Which is fine, if your time horizon is different to theirs. But they're not super dumb money so I'll go with them for now.
Super Contributor

Re:Re:Re:Re:Re:Re:Re:Re:AEG,GND

If this closes under R124...we going all the way down to R102.00.. Based on fundamentals this should be in the R80s.. It reported a 5 billion dollar loss.. No demand for its products.. Massive debt.. That's just my opinion.. Yes I made some money on a few long positions, but sentiment can only last so long.. I suspect its overdone.. I could be wrong..who knows..