Credit deflation and the reflation cycle to come (part 3)

[Yadda yadda yadda]

[Noallegiance]

34 minutes ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

That's not a hedge.

[TNS]

2 minutes ago, Yadda yadda yadda said:

jesus, what happened there.

[Barnsey]

Microfocus worth a look given the extent of cyber attacks (that aren't obviously being officially declared so) past few days?

[Yadda yadda yadda]

Just now, TNS said:

jesus, what happened there.

Don't know. Polymetal all over the place but up this morning. My guess is that Russia is confiscating oil and gas. Just a guess. If no-one can buy the price goes to zero. Suspending purchases should lead to complete suspension.

[JMD]

14 hours ago, Cattle Prod said:

Invest in your North Sea gas business then.

I saw Kwarteng banging on about fracking yesterday, not a clue. There is a ton of gas still in the North Sea at the right price. I'd say most of it is run on economics of c. 50p or 60p/therm, and is marginally uneconomic. We know where it is, it's all been mapped, theres even a kind of brochure published every year with the top 300 or so targets, which no one touches. Current price is 350p/therm, but banks (or retarded CFOs) won't let us increase price decks. All Kwarteng has to do is put a floor on price at about 100p/therm, well below current prices. That would make pretty much everything economic. One stroke of a pen, and you'll see the biggest drilling campaign in decades, because it removes economic risk. And the govt gets domestic supply in return.

This would be possible politically if they had an honest conversation with the public, the only risk to the public purse is a crash in gas prices. Yeah right.

But it's not going to happen, is it? Fwiw I put a flea in the ear of some senior people about it today. We talk to govt regularly, but they just don't listen.

CP, can I ask which oilies might benefit most from a new dash back into the North Sea? Probably the ones owning the identified fields you mention? But do understand if you can't because that's company sensitive info.?                                                                                                                                                                   Coincidentally, on a related topic some commentators (traderferg etc, but most of his stuff is now behind a paywall) are saying that the specialist offshore oil platform drillers are a speculative buy, ok risky? but if you did have any knowledge of that sector it would be good to hear your thoughts. I understand that the big energy companies lease their platforms etc from the smaller outfits.

[planit]

2 minutes ago, TNS said:

jesus, what happened there.

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

 

 

My plan was to buy the shares, assassinate Putin and then buy a nice house with the proceeds.

 

 

[Majorpain]

7 minutes ago, Yadda yadda yadda said:

Meanies, i was looking forward to a gamble of a couple of £k on red for 1000% yield this week!

[kibuc]

7 minutes ago, Noallegiance said:

That's not a hedge.

When DB hedges, he hedges big.

[Majorpain]

10 minutes ago, planit said:

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

Russian government is spending $10bn of its rainy day fund on propping up stock market.  Or buying up bombed out Russian shares at a YRS level of price depending on your point of view.

[Siggy]

2 minutes ago, planit said:

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

 

 

My plan was to buy the shares, assassinate Putin and then buy a nice house with the proceeds.

 

 

I tried to buy OGZD yesterday on HL, wouldn't let me, said all Russian GDR can't be bought. 

[Yadda yadda yadda]

2 minutes ago, kibuc said:

When DB hedges, he hedges big.

I think he is sending a message. Trim back on your hedges and go all in.

[AlfredTheLittle]

45 minutes ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

Is that our first sighting of the legend himself?🔎

[JMD]

52 minutes ago, JMD said:

 

 

[reformed nice guy]

14 hours ago, reformed nice guy said:

Next Gazprom ladders:

0.25, 0.05, 0.005

 

I know its a bit gay to quote myself, but my 0.25 and 0.05 ladder didnt go through. I think it was the broker treating it as a cry for help.

I went onto interactive brokers and put a limit to buy 1000 shares at 0.017 but it came back with:

"No Trading Permission, Customer Ineligible; Ineligibility reasons: Margin concern/risk management: For risk management purposes, this product is in closing-only status. You may close existing positions but not open new ones."

If I was allowed to I would probably end up sanctioned myself as I would end up with enough Gazprom shares* to count as an oligarch

 

* technically not shares but bits of paper with "I owe you Gazprom shares, kind regards Putin" but in Russian

[Yadda yadda yadda]

1 minute ago, reformed nice guy said:

I know its a bit gay to quote myself, but my 0.25 and 0.05 ladder didnt go through

I went onto interactive brokers and put a limit to buy 1000 shares at 0.017 but it came back with:

"No Trading Permission, Customer Ineligible; Ineligibility reasons: Margin concern/risk management: For risk management purposes, this product is in closing-only status. You may close existing positions but not open new ones."

If I was allowed to I would probably end up sanctioned myself as I would end up with enough Gazprom shares to count as an oligarch

You could finance a war this way. Perhaps the only legal bid is Putin.

[Harley]

11 hours ago, reformed nice guy said:

Only downside is that I will need to turn up to the Russian embassy to pick up my 18.7 million ruble  (£45.40) dividend and you need to bring your own plastic bag. You need to say the code word to a babushka round the back since your sanction busting

That is indeed a good idea for Nan's next Christmas present.  Should be plenty around to buy by then!

[Harley]

9 hours ago, Yellow_Reduced_Sticker said:

Just read the last 27 pages here, as I have been away for a couple of days (no-internet) what a LAUGH!

 

Open my email acc, and WTF got an email from HL stating they bought  PLOY  ...yet i cancelled it last thursday when they couldn't get the price i put in for, i'm SURE of this cancel even though the platform was jittery.

 

I've emailed them, and let you guys know what happens, but just to give you guys the heads up, if you cancel an order - i would double check it now, and make sure in the transactions you can see the "cancelled order" well pissed off with HL at the mo :-(

 

Yes, things have moved on.  Welcome to the HL appreciation thread!

[CVG]

34 minutes ago, AlfredTheLittle said:

Is that our first sighting of the legend himself?🔎

No. I think it's his next door neighbour trying to get the inside track.

[Yadda yadda yadda]

[sancho panza]

22 hours ago, Hancock said:

Criticise? Yours was personal insult that went into what you presume is my private life, so i replied to several points.

As for taking shit, i'm very thick skinned, but this is the internet so insults are an absolute irrelevance. I wish my life was so perfect that criticism on a website is an issue.

Mr Smile makes multiple and frequent personal attacks against a certain individual about his housing views, he's no delicate flower.

But one thing you are right on, without meaning it, is this topic has morphed from being about the "Deflationary Bust...." into a "traders" topic ..... imho its now akin to a cult.

Beyond parody.So Christmas Day 2021 if you're a buy to let landlord ,the 'c*** caller in chief' c*** calls those with a rental property.(I haven't got a BTL btw)

Then page 453 of this thread we get the following.

Landlord Hancock.At least once you buy you'll hopefully stop whining on here about the price you didn't pay 2009 to 2021

Which steroid cream finally got your trigger finger working?

[Harley]

1 hour ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

Russian stocks.  You're going to need a bigger ladder!

[Craig]

9 hours ago, Yellow_Reduced_Sticker said:

Just read the last 27 pages here, as I have been away for a couple of days (no-internet) what a LAUGH!

 

Open my email acc, and WTF got an email from HL stating they bought  PLOY  ...yet i cancelled it last thursday when they couldn't get the price i put in for, i'm SURE of this cancel even though the platform was jittery.

 

I've emailed them, and let you guys know what happens, but just to give you guys the heads up, if you cancel an order - i would double check it now, and make sure in the transactions you can see the "cancelled order" well pissed off with HL at the mo :-(

 

Yep, bought some POLY last night then was immediately struck by the fear I'd bought Polyfilla or some shite.

Fortunately it seems legit...

[Harley]

1 hour ago, JMD said:

...100% in cash!?

Far more profound.  A blast from the past so apt for the current age.