Glencore and Noble

yea, aussie market just slated to dump hard. aussie/USD cross now below .70 BHP down another 6% on the aussie exchange

by the way nice call m22au bringing this news and this thread so early on in the game...seems like you saw it real time during the London session...I was trading the NKD and it never really reacted during the tokyo session, I was fixed on BOJ news and missed the glencore news.

and yea, Noble still under the radar even this late in this thread
 
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glencore just opened on the HK exchange. Down another 30%. glencore's trading desk has closed down for foreseeable future.

noble finally catching up...down 27% on the singapore exchange.
 
by the way nice call m22au bringing this news and this thread so early on in the game...seems like you saw it real time during the London session...I was trading the NKD and it never really reacted during the tokyo session, I was fixed on BOJ news and missed the glencore news.

thank you

.
 
London analysts trying to keep glencore alive by calling it "all overdone" right now, bringing miners back somewhat. London mostly worried at the collateral damage to investment banks though (goldman dropping under 100 in london). Markets still down pretty good in general in Europe. Asia never rebounded from its lows. Aussie stocks got hit very hard on miners drop. Aussie/USD cross hit hard too.
 
aussie miners rebounding hard along with glencore in asia.... glencore slated to pop in london pretty hard.

All this means we have a second wonderful opportunity to ride glencore down another leg. Remember the "Second Monday" is coming soon. Miners and china base metals/energy providers have not really bounced yet on the US market so we probably have a few days to let it bounce higher before monday comes.
 
How do I short Glencore? I've been looking at GLENCORE charts ever since the posts on Zerohedge a few months back. The chart looked like a super short but the hassle of getting LSE access just to short one stock seemed like a pain in the butt
A little late for that. It's already lost 2/3 of its value.
 
Talk of them taking the company back private - if that is the case what are they waiting? A better, lower price. If so lower it will go.
 
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