If a bear market is in play then this would become very profitable. Just have an exit strategy in place in case the market turns around and heads back up and the slide is just a deep pull back.he he I went short BHP Friday. I Think If it Breaks below $30 Gaaaaawn
Something to consider when formulating a longer term investment strategy, thanks for posting this info SirRumpole.Bad news for coal miners in the long term.
https://www.abc.net.au/news/2018-11...m-future-for-australian-thermal-coal/10452456
What about the long term? Is supply of oil likely to exceed demand for extended period?Haven't read up on this in detail but on ABC news Alan Kohler was describing how oil from US (mainly from fracking) had resulted in increased supply.
This probably accounts for lower prices. Also makes it difficult for OPEC/Saudi to reduce supply
This is certainly interesting how a lot of new production has come into the market of late specially US and Russia.
You should be pleased with SSM. Has shown over 100% gain for me over 18 months or so, especially, with most gains this year.Added the company "Service Stream (SSM)" to the portfolio today. This is stock that has appeared in quite a few of the forums, so I've dug into it to find out what the story is about. From my research this has been a beneficiary of the National Broadband Network (NBN) due to the network services it offers and this is probably reflected in the run up in the share price. As the NBN is still new, SSM may continue to benefit with the services it offers, as it has done in the last few years with growing profits. SSM has also upgraded it's earnings outlook for FY17' as announced on 16-05-17.
Also it offers a dividend, which is always welcome with any of the stocks in this portfolio.
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I'm also a happy holder of SSM. We're a significant part of the NBN rollout.You should be pleased with SSM. Has shown over 100% gain for me over 18 months or so, especially, with most gains this year.
SSM is going along nicely.I'm also a happy holder of SSM. We're a significant part of the NBN rollout.
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