Re: ANTO trades 950.4 long add............................958.5 closed + 8.1nmsoi
Re: ANTO trades 944.9 long addWill be closing some shorts very soon.Prepared to take a chance on a rise, not a further fall.....................................957.5 closed + 12.6soi
Re: ANTO trades 943.4 long....................950.5 closed + 7.1.Closed all shorts Friday but have added a bit back today, just in case.Net long about 2.5 x.Another hard dayATBsoi
Re: ANTO trades 944.9 long addWill be closing some shorts very soon.Prepared to take a chance on a rise, not a further fall.ATBsoi
Re: ANTO trades 943.4 longsoi
Re: ANTO trades 950.4 long addHi Eadwig yes have some shorts also but am currently net long.Probably close some shorts today.ATBsoi
Re: Short: 549.56 - closed 959.30 Reasons mostly immaterial as a significant hit long-planned on any sharp dips from recent highs (1071+). Also that, for me, trading this has proved more a reckless gamble, than profitable venture. - Still one short left at 514.99 & 2 longs in another thread. Whilst Copper well down in recent days & we've renewed talk of China slowdown, an eventual increase in future demand liable to see strong price recovery later. One can't be sure of timing of course, but it seems a fair deduction. - ANTO also holding up quite well when FTSE well down. FWIW, hit on this trade, with ex divi & holding costs, almost £2.5K. Just under similar hit I took on far bigger ANTO long in Nov. 2015 (also posted here). Net hit overall will be less as I've also taken a lot of points on ANTO since opening this, but thats by the by. In context, though some lose far more, my account sees another significant setback with another hit likely later. Plan to now sit until both longs well in profit & then take out both longs & the last short for a much smaller hit. - GLA. PS: These hits on ANTO by far the biggest crystallised individual losses I've had in trading since starting 02/2009, though SBs since 02/2011. That gives it perspective. I don't do it often.
Re: Metal Miners lose ground: China slow... I meant to add that I think those longs of yours will come good on ANTO also, soi, when the Cu price bounces back up, assuming the stock responds to that.I didn't mean to imply otherwise with my earlier post, but realised that it might have seemed that way after I had made it. It was more a comment on the number of longs in a row, which looked unusually high to me compared to your usual ducking and diving.all the best, have to dashead
Re: Metal Miners lose ground: China slowdown Like you said a few days ago, JD, it'll all turn around as soon as there is some bad news out of China. Well, you were right - except I think this news was broadly anticipated by the markets, and most of the fall in Cu has already been done.We'll see. I 'accidentally' went long on copper around the $2.95/lb mark, which is a little too high, although nothing I'm going to end up stuck with I don't think.I still think we may see Cu test $2.85/lb support. I can't see it going lower .. <ahem>Eadwig, the Hubristic, setting himself up for a fall ...
Metal Miners lose ground: China slowdown Maybe of interest. Update on the gist of things re ANTO & related sector. - GLA. [link] metals miners lose ground amid signs of slowing China economy:Sep. 14, 2017 8:42 AM ET|By: Carl Surran, SA News Editor Shares of global miners are poised for sharp losses after China reported a surprise slowdown in business activity during August: VALE -3.1%, RIO -2.7%, BHP -2.2% premarket.China's value-added industrial output, a rough proxy for economic growth, slowed for a second straight month, rising 6% in August vs. a 6.4% increase in July, and growth in investments was the slowest in nearly 18 years.Copper is lower again following the data, and prices have now unwound by more than 7% since hitting their three-year peak on Sept. 6.With margin-seeking investors selling their copper holdings in to LME warehouses, stocks increased another 16% during today's trade, according to data from commodities broker Marex Spectron."
Re: ANTO trades crikey, soi!I trust you have some shorts open as well?
Re: ANTO trades 966.5 longATBsoi
Re: ANTO trades 972 longATBsoi
Re: ANTO trades 979.5 long soi
Re: ANTO Long @ 1005.01, +987.99 Added 2nd & last long for reasons as before. Cu well down, but the L/T future seems bullish enough. Will look to settle ALL ANTO positions on the next spike up. - GLA.