Shares to watch

Wattie · Jan 31, 2020

May seem obvious but Coronavirus is extremely negative for global equities. Be aware.
Gold continues to climb higher as do many associated Gold stocks.

Keep an eye on ABBV. The company has two drugs (HIV treatments) that are apparently being used by China to try and help with the outbreak. With a vaccine a year or so away if this turns out to be solution it could do well.

Froddy · Jan 31, 2020

Gold has hit the 1.272 fibonacci extension of the prior swing low and shows no sign of stopping. The next target is the 1.618 extension at c. $1,629 on the weekly chart.

https://www.tradingview.com/x/0uzTEPMC/

ABBV has formed a perfect rounded top pattern - if the pattern completes (by a break below 80.45), this is extremely bearish. What's interesting about this chart is that price has breached a confluence of the 34 and 55 EMAs which should have provided strong support, and it's breached on strong volume. Earnings are announced in 7 days, so I'd just watch for now ...

https://www.tradingview.com/x/PXOqum4P/

There's definitely room for the FTSE to go lower next week as we have not yet hit the lower keltner channel (blue arrow). But be very careful as price is at the lower end of an upward trending channel (the red line) and may well bounce next week to crucify the short-sellers.

https://www.tradingview.com/x/OJNksI5m/

It's a brutal market - be careful!!!

AT3200AC · Jan 31, 2020

Gold related, take a look at Greatland Gold if you fancy a higher risk punt. Their share price has doubled this year on news of a possible (increasingly probable) tier 1 gold find in western Australia. Been following them for a while and 2020 could well be their breakout year.

As always, do you own research.

Wattie · Jan 31, 2020

Froddy said:
Gold has hit the 1.272 fibonacci extension of the prior swing low and shows no sign of stopping. The next target is the 1.618 extension at c. $1,629 on the weekly chart.

https://www.tradingview.com/x/0uzTEPMC/

ABBV has formed a perfect rounded top pattern - if the pattern completes (by a break below 80.45), this is extremely bearish. What's interesting about this chart is that price has breached a confluence of the 34 and 55 EMAs which should have provided strong support, and it's breached on strong volume. Earnings are announced in 7 days, so I'd just watch for now ...

https://www.tradingview.com/x/PXOqum4P/

There's definitely room for the FTSE to go lower next week as we have not yet hit the lower keltner channel (blue arrow). But be very careful as price is at the lower end of an upward trending channel (the red line) and may well bounce next week to crucify the short-sellers.

https://www.tradingview.com/x/OJNksI5m/

It's a brutal market - be careful!!!

Thanks for the input.

Keep an eye on this too.....temporary my ****.

Fed Adds $82.58 Billion to Markets in Two Repo Operations

The New York Fed added $82.58 billion in new liquidity to financial markets Thursday, but the overall outstanding amount of interventions held roughly steady.

www.wsj.com

If they stop, the Ponzi will collapse.

Froddy · Jan 31, 2020

AT3200AC said:
Gold related, take a look at Greatland Gold if you fancy a higher risk punt. Their share price has doubled this year on news of a possible (increasingly probable) tier 1 gold find in western Australia. Been following them for a while and 2020 could well be their breakout year.

As always, do you own research.

Greatland Gold looks very exciting - I particularly like the volatility squeeze (see circle and blue arrow) which SOMETIMES means the price is about to explode. Only worrying aspect is there appear to be sellers at 4 ...

https://www.tradingview.com/x/zVOJcMEW/

This is not advice, BTW!!!

CatmanV2 · Jan 31, 2020

There's more likely to be a vaccine by the middle of the year. The genome has already been analysed.

And, of course, it's not actually that dangerous.....

C

Zep · Jan 31, 2020

Froddy said:
Greatland Gold looks very exciting - I particularly like the volatility squeeze (see circle and blue arrow) which SOMETIMES means the price is about to explode. Only worrying aspect is there appear to be sellers at 4 ...

https://www.tradingview.com/x/zVOJcMEW/

This is not advice, BTW!!!

Greatland comes on strong at this time every year and falls back. I doubt it will maintain the gains.

Wattie · Jan 31, 2020

CatmanV2 said:
There's more likely to be a vaccine by the middle of the year. The genome has already been analysed.

And, of course, it's not actually that dangerous.....

C

Depends what you read Catman

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

CatmanV2 · Jan 31, 2020

Wattie said:
Depends what you read Zep

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Yeah. I'm going to put that in the 'utter BS file'

C

Wattie · Feb 1, 2020

CatmanV2 said:
Yeah. I'm going to put that in the 'utter BS file'

C

Well have a read at this then

https://www.biorxiv.org/content/10.1101/2020.01.30.927871v1.full.pdf

With the wealth of knowledge on this forum someone might be able to read and shed some light....

Explains the potential of ABBV

Zep · Feb 1, 2020

Reports of me pooh poohing a Zerohedge article are (in this case) fake news.

But for the avoidance of doubt, it is utter tosh. The hyphen in Independent-Learning did make me chuckle though.

Wattie · Feb 1, 2020

Zep said:
Reports of me pooh poohing a Zerohedge article are (in this case) fake news.

But for the avoidance of doubt, it is utter tosh. The hyphen in Independent-Learning did make me chuckle though.

You’d never do that

Why’s it tosh?

Zep · Feb 1, 2020

Wattie said:
You’d never do that
Why’s it tosh?

Apart from Zerohedge being know for "reporting" Conspiracy and Pseudo Science? As for the "uncanny" similarity to HIV, sometimes, when I spread butter on my toast, it looks a bit like Sunflowers by Van Gough. But I am pretty sure it doesn't taste the same. As the biorxiv paper isn't peer reviewed it has as much credence and the comments below it, pretty much all of them calling it out as ********.

So, I am no expert, but I will wait for a slightly more convincing report.

Wattie · Feb 1, 2020

Zep said:
Apart from Zerohedge being know for "reporting" Conspiracy and Pseudo Science? As for the "uncanny" similarity to HIV, sometimes, when I spread butter on my toast, it looks a bit like Sunflowers by Van Gough. But I am pretty sure it doesn't taste the same. As the biorxiv paper isn't peer reviewed it has as much credence and the comments below it, pretty much all of them calling it out as ****.

So, I am no expert, but I will wait for a slightly more convincing report.

Ok I guess we’ll see. I have a different view of ZH to you and that’s what makes it all interesting.

In the meantime Its comforting to know the UK bus driver felt his Hi-Vis jacket and tie afforded him the suitable protection his professional medical practitioner passenger felt he needed.

actually Zep. You can drive, I’ll ride shotgun.

CatmanV2 · Feb 1, 2020

Wattie said:
Well have a read at this then

https://www.biorxiv.org/content/10.1101/2020.01.30.927871v1.full.pdf

With the wealth of knowledge on this forum someone might be able to read and shed some light....

Well I have a degree in Biotechnology and genetics from Imperial college. The article actually makes quite interesting reading. However the only things that the authors are stating is that it's unlikely that this the current version of nCOV has come about by pure luck and needs more investigation.
AS Zep said, it's not peer reviewed, so that really needs to happen and someone needs to validate / replicate the findings which (in short) say that this version is better able to use humans as a host as it has a spike which is very similar to the HIV spike, which is good at allowing viruses to use humans as a host.

Wattie said:
Explains the potential of ABBV

Sorry, circular argument.

Zep said:
Apart from Zerohedge being know for "reporting" Conspiracy and Pseudo Science? As for the "uncanny" similarity to HIV, sometimes, when I spread butter on my toast, it looks a bit like Sunflowers by Van Gough. But I am pretty sure it doesn't taste the same. As the biorxiv paper isn't peer reviewed it has as much credence and the comments below it, pretty much all of them calling it out as ****.

So, I am no expert, but I will wait for a slightly more convincing report.

I try, but there are those far more up to date than I.

C

midlifecrisis · Feb 1, 2020

CatmanV2 said:
There's more likely to be a vaccine by the middle of the year. The genome has already been analysed.

And, of course, it's not actually that dangerous.....

C

Do you mean to say that we shouldn't panic and stock up on essential items such as loo rolls,fig rolls, sausage rolls and Arctic rolls?

CatmanV2 · Feb 1, 2020

Wattie said:
Ok I guess we’ll see. I have a different view of ZH to you and that’s what makes it all interesting.

Couple of clues just in case it's their next article

RLSW isn't in Wuhan, it's in Shanghai
Their logo is blue, not red
Corona is not an anagram of Raccoon

C

CatmanV2 · Feb 1, 2020

midlifecrisis said:
Do you mean to say that we shouldn't panic and stock up on essential items such as loo rolls,fig rolls, sausage rolls and Arctic rolls?

No you should always stock up on Arctic rolls

C

Wattie · Feb 1, 2020

CatmanV2 said:
Couple of clues just in case it's their next article

RLSW isn't in Wuhan, it's in Shanghai
Their logo is blue, not red
Corona is not an anagram of Raccoon

C

We’ll see Catman. I hope you and zep are correct as I don’t ever wanna be in the position where we’ve gotta wear the masks I bought for us.

CatmanV2 · Feb 1, 2020

Wattie said:
We’ll see Catman. I hope you and zep are correct as I don’t ever wanna be in the position where we’ve gotta wear the masks I bought for us.

What masks did you buy? I'm curious? Link?
C

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