Stockmarket (October) November 2011

[sunseeker]

Re (old post of mine)

http://buy-high-sell-higher.com/forum/general-discussion/stockmarket-november-2010-t1175.0.html;msg14192#msg14192


I'm back into ANTO again.
£11.82 is now this years mark in the sand.
If you live in the US then from what I've witnessed on TV my then
  mark in the snow is $19.22.

ANTO closed down at £11.67.

A trainee stockbroker  I'm acquainted with noticed my trade and rang to ask me to confirm that it was my trade, and inform me that he'd already followed my lead (he's got a lot to learn). I wish he hadn't told me though.

No pressure then.



Barring company specific difficulties the strategy should work just about any good highly liquid copper producing company......
 SCCO, FCX, FM etc.

ANTO suits me because it's on the LSE (I live in the UK).
A fairly politically stable profile.
It has a few strings to it's bow with it's non copper businesses.
http://www.antofagasta.co.uk/interior/about/f_business.html

I also own BHP Billiton which I bought while we where in Portugal (a gut feeling buy rather than part of the strategy).
Rio Tinto is on my watch list if it falls further too.

I wont mention it again until January when it should have borne fruit.

ATB 

[sunseeker]

Bought more ANTO (£10.80) and took the plunge and bought the RIO (£32.40)........
Then went out for the rest of the day, then went to the cinema, and now I feel fully cheered up.

Good night all.

ATB 

[MetalMeister]

http://www.zerohedge.com/news/visualizing-where-pain-summary-biggest-exposures-italy

[MetalMeister]

http://www.zerohedge.com/news/barclays-says-italy-finished-mathematically-beyond-point-no-return

[MetalMeister]

http://www.zerohedge.com/news/italy-sparks-market-bloodbath-financial-stocks-collapse

Might get my chance at cheap PMs yet...   

[MetalMeister]

This is lovely...   

http://www.zerohedge.com/news/whose-debt-am-i

I think I exist, but am not actually sure.  A few weeks ago, it seemed like I was going to exist, but now that is in question.  If I am lucky and do actually come into existence, I will have $120 billion of money or guarantees or something to perform my function.  In my case, the weak form of guarantee doesn’t seem to be fixing the problems as my assigned recipient continues to see its credit spreads widen.  At the same time, the “donors” are reluctant to provide actual money in the belief that the markets can be fooled into thinking the guarantees work to solve the problem, but don’t count against them.  It doesn’t really make sense to me, but let’s be honest, I just want to be created and there are lots of powerful investment banks happy to have me join the family.  I am the Dexia bailout.