No I didn't, expected a little pull back and didn't happen, my bad. Great job! Many are expecting this stock to run up to $5, I am not sure of their exposure to the Euro and the effects of the value of the Euro when QE takes place.
I am now playing HK thinking that oil has bottomed. They have high debt but are well hedged on oil into 2017.
they do if you multiply them. It may not be them, but there is consolidation going to happen in this sector and HK's hedges look very attractive.
You may be right, the shorts are not selling off the open today like they have been doing the last 6 days of trading. They still have 45 minutes to go and may jump in, we will see.
Technically Blackrock doubled their position when you add up all the different accounts they have in CLF. But it is still a big purchase and points to a positive future.
Again, he didn't sell any of those shares. Since they are required to pay withholding taxes on restricted shares, most people sell part of the issue to pay this bill.
A weaker Aus dollar makes our dollar stronger and the price of iron ore in US dollar terms will go down which is not good for CLF. On after hours you had one 100 share trade at $8.30, the rest of the 140,000 shares were traded at $8.40 and above.
There will be a deal on BL soon, interested parties will want to buy it with Quebec's help outside bankruptcy.
CLF hedges the currencies they are involved with so I don't think there is any major impact positive or negative. The hedges are listed on their income statements but I can't really tell you where they stand.
No. Read Q3 income statement, Q4 will be the same with hedging making up any short fall in revenue from operations.
All the bashers here totally ignore the hedges HK has in place. All you have to do is pull up Q3 earnings to see the impact of those hedges, it provides 3 quarters of their profits which means they were profitable without the hedges. Also their Guarantor Subsidiary earned back about half the interest they spent. Q4 earnings should be the same as Q3 as the hedges lock in their revenue. And in 12 months from now, when oil is $40, HK will still be earning $88 a barrel when you factor in their hedges. The same applies 24 months from now. The only problem is if oil goes over $90 a barrel, they won't realize the entire profit since they sold calls to pay for the puts. But they still collect a fair profit.
You did better than I did on FXCM, got my 20 cents and ran, don't want to hold it overnight.
Thanks, was thinking the same with the Eurozone QE likely to be announced this week.
That is a real tough one, even making trial runs does not give you any insights on the short term direction. I have even left the curser over the buy and at some point my cat walks on the mouse pad and makes the buy. Truth is he is better at picking entries than I am.