Trading the stockmarket (NO Referrals)

[200sols]

He's not that, he's a senior trader that earns a crapload of money

But seemingly has no common sense.

 

[Minusorange]

But seemingly has no common sense.

Maybe he shorted the banks so his advice makes sense

 

[CapitalOne]

Trader? Treasury desk?

Not Fund Manager or Analyst or Quant?

 

[XeNoN89]

Trader? Treasury desk?

Not Fund Manager or Analyst or Quant?

Equity derivatives trader

 

[200sols]

Credit suisse saga rumbling on today. Down 22% pre market.

 

[xaldub]

Looking like another wonderful day. I guess I should go back to what I've done for the last 3-4 months, and just not look at all.

 

[200sols]

Looking like another wonderful day. I guess I should go back to what I've done for the last 3-4 months, and just not look at all.

I blame @dLockers and his nutmeg investment club.

 

[silversurfer]

If BP doesnt hold 480 I'll buy it at 460, good volume here over a year and a decade even. Volume this week falling doesn't equal the prior volume while rising and oil price itself should/could recover which makes me think BP can recover above 500 once again.

https://twitter.com/x/status/1636021538041499649

 

[Simon]

Good yield at that

 

[Cadder]

My etoro hasn't been a fun ride. Hopefully my Nutmeg journey will be better.

 

[platinum87]

If BP doesnt hold 480 I'll buy it at 460, good volume here over a year and a decade even. Volume this week falling doesn't equal the prior volume while rising and oil price itself should/could recover which makes me think BP can recover above 500 once again.

Oil prices have fallen due to the whole SVB, the idea is, interest rates will not go up, thus sell commodities, the reason gold goes up is due to this being a banking issue, otherwise gold would also fall.

However interest rates will indeed go up, and, oil demand outstrips supply into the future. Edit: Also supply destruction from covid/ukraine war

Current buybacks for both Shell and BP will continue for the foreseeable future, their forward P/E's are both around 5.5 making this extremely efficient.

I personally don't really see any large cap company doing better than oil in the next 2 years, maybe even longer.

 

[Super Tigers]

UBS buying Credit Suisse for $2BN announced on Reuters. The Swiss must have humongous toxic debts, I wonder how many other banks are going to need bailing out or quickly arranged takeovers?
https://www.reuters.com/business/cr...ces-2023-03-19/?taid=64175706f594ac0001b6b1c4

 

[toshj]

The AT1 bondholders have just been completely wiped out. 17bn or so...

 

[brendy]

UBS buying Credit Suisse for $2BN announced on Reuters. The Swiss must have humongous toxic debts, I wonder how many other banks are going to need bailing out or quickly arranged takeovers?
https://www.reuters.com/business/cr...ces-2023-03-19/?taid=64175706f594ac0001b6b1c4

It must be bad when they're rushing laws and shareholders don't get a look in. Seems Saudi owns a small percentage too, they won't be happy.

 

[Psiko]

The AT1 bondholders have just been completely wiped out. 17bn or so...

Wow! I knew AT1 were pretty funky but never realised they could be written off entirely whilst the equity retains value.

 

[ci_newman]

So another wave of red coming in the morning then?

 

[Simon]

Oil dumped this morning.

 

[Uther]

Panic or just buy more cheap stocks and forget about it.

 

[200sols]

Hope it crashes further before I can load up next years ISA in a few weeks

 

[thebandit]

I keep reading certain scare mongers saying some huge crash is in the offing as the banks are really overly leveraged, maybe its right ? hpoe so, I currently dont have much invested, a clear dip would be ideal to laod up my ISA