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  • #561,861
  • Nov 29, 2020 6:28am Nov 29, 2020 6:28am
Quoting Bones
{quote} No they need the fish all fish that swim in uk waters will go up in value if tariffed.It's finite like petrol you get it ? Now you're ready to make financial designs on my behalf.
Its nothing like petrol ffs get real, people can operate without eating fish, industries and lives would be turned upside down without petrol. comical.
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  • #561,862
  • Nov 29, 2020 6:41am Nov 29, 2020 6:41am
Quoting Catempire
{quote} Its nothing like petrol ffs get real, people can operate without eating fish, industries and lives would be turned upside down without petrol. comical.
It's exactly like petrol ,they have too restrict the catches theres that much demand ,to stop over fishing.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,863
  • Nov 29, 2020 6:47am Nov 29, 2020 6:47am
Quoting Bones
{quote} It's exactly like petrol ,they have too restrict the catches theres that much demand ,to stop over fishing. {image}
Economics 101

dont rise prices going into a recession, demand dries up.. it’s nothing like petrol, in a recession people will still buy petrol, people will have no problems not eating a John Dory.

talk about simplistic
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  • #561,864
  • Nov 29, 2020 6:48am Nov 29, 2020 6:48am
I think the waters are a major resource ,thats been given away during our membership.
This is why it's such an issue as well as the sovereign element.
If you know the Uk, the coast is somewhere that needs help.

it's a bit like Gordon Brown selling the gold.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,865
  • Nov 29, 2020 7:02am Nov 29, 2020 7:02am
Quoting Catempire
{quote} Economics 101 dont rise prices going into a recession, demand dries up.. it’s nothing like petrol, in a recession people will still buy petrol, people will have no problems not eating a John Dory. talk about simplistic
economies and outlooks are way more complex than you think ,considering your busy second guessing where wealth will go like it's easy to move.
I don't know the ceiling to fish ,I just know theres was more demand than supply and you can't get it anywhere else. Thats why its in the petrol category .

Who pay tariffs is not clear ,depending on item .It can be anywhere in the chain to consumer including consumer.
I know this
The Uk is the consumer in the EU relationship ,I'm not worried about tariffs hurting the Uk, but the disruption until new chains appear is damaging.

Also my chart isn't showing me a lot of peoples outlooks on very high TF,
of a Dooms Day situ.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,866
  • Nov 29, 2020 7:05am Nov 29, 2020 7:05am
Quoting Bones
I think the waters are a major resource ,thats been given away during our membership. This is why it's such an issue as well as the sovereign element. If you know the Uk, the coast is somewhere that needs help. it's a bit like Gordon Brown selling the gold. {image} {image}
In an idealistic world it will work out exactly as you imagine...

Here in the real world if its the market that dries up, Uk will be worse off, although perhaps Europe will have less fishing area they will get the larger market share as people wont be buying so much from UK.

Not to mention how do you think this will be policed?

Maybe another war down the line, eventually.
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  • #561,867
  • Nov 29, 2020 7:08am Nov 29, 2020 7:08am
Quoting Bones
{quote} economies and outlooks are way more complex than you think ,considering your busy second guessing where wealth will go like it's easy to move. I don't know the ceiling to fish ,I just know theres was more demand than supply and you can't get it anywhere else. Thats why its in the petrol category . Who pay tariffs is not clear ,depending on item .It can be anywhere in the chain to consumer including consumer. I know this Uk is the consumer in the EU relationship ,I'm not worried about tariffs hurting the Uk, but the disruption until new chains...
More complex than I think ?

It isn't me suggesting such a simplistic argument or seems to fail to understand how markets work.

You seem to be extraordinarily good at making assumptions & possibly ? the difference between us being as economics and business analysation has been my profession for around 11 years, I do understand it.

Just slightly different to looking at charts on a graph, far more complex & in no way as simplistic or as easy to resolve as you seem to believe.

Hence why Sally should have never been asked the question, but you seem to fail to understand that in your simplistic view.

"Also my chart isn't showing me a lot of peoples outlooks on very high TF,
of a Dooms Day situ."

Your chart will do don't you worry about that lol.

Maybe we talk more once you've spoken to a few economists Bones, you might learn something and see how complex this situation and markets are?

Until then seems absolutely pointless carrying on.

Best wishes.
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  • #561,868
  • Nov 29, 2020 7:32am Nov 29, 2020 7:32am
"Several large British boats, dependent on EU-agreed quotas in Norwegian waters, will have to suspend fishing if EU law lapses in the UK on 31 October. Other British fishermen, wound up by the xenophobic rhetoric of Fishing for Leave, will expect to claim their off-shore “bonanza” immediately. Since no new quotas have been drawn up, they look likely to be disappointed – and very angry."
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  • #561,869
  • Nov 29, 2020 7:54am Nov 29, 2020 7:54am
Quoting Catempire
{quote} More complex than I think ? It isn't me suggesting such a simplistic argument or seems to fail to understand how markets work. You seem to be extraordinarily good at making assumptions & possibly ? the difference between us being as economics and business analysation has been my profession for around 11 years, I do understand it. Just slightly different to looking at charts on a graph, far more complex & in no way as simplistic or as easy to resolve as you seem to believe. Hence why Sally should have never been asked the question, but you...
Economist ! you're talking about weather men ,some with super personal bias or paid bias .Ok let me know your profession ?
You're the one who thinks the fish market could dry up overnight on no deal
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,870
  • Nov 29, 2020 8:13am Nov 29, 2020 8:13am
Quoting Bones
{quote} Economist ! you're talking about weather men ,some with super personal bias or paid bias .Ok let me know your profession ? You're the one who thinks the fish market could dry up overnight on no deal
I never said it will dry up over night.. it will tho have far reaching repercussions that will filter themselves through all markets... The demand for a more expensive product will not be there in the same way, this is not rocket science dude.

"you're talking about weather men ,some with super personal bias or paid bias ."

Are you talking about yourself ?

You seem to be another that thinks leaving won't have a detrimental effect on the economy, from your comment

"Also my chart isn't showing me a lot of peoples outlooks on very high TF,
of a Dooms Day situ."

I struggled to comprehend how anyone could think this was going over 1.4 based on the fundamentals but appreciate some just arent watching the fundamentals but looking at the graph.

Your chart is not an economist and cannot predict an oncoming economic situation until more of the market starts to understand it is coming... the chart is showing you what the masses believe may happen and it would seem there are a large amount of people who believe the pound could rise ?? Based purely on lagging technicals ?

Im an investor, used to write articles for 2 different websites one UK one US picking undervalued companies that we're showing signs of growth. If you didn't understand markets then you most certainly wouldn't be able to do a very good job.

For reference, the most recent call was a company called Micro focus #MCRO, it was, 3 weeks ago trading at £2.08 and closed last week at £3.68, based on its books it had a one off write down on its last results of its assets but when all said and done, would have made a £30m profit without that one off write down, operates on a 70% margin and used to pay a 58c dividend YoY, it will go back to £6, market missed a trick, interpritated the results wrong and there was a 5% short that needed closing, currently down to around 2.16%, Short Interest Tracker - MICRO FOCUS INTERNATIONAL (shorttracker.co.uk)

Another for reference if you are interested, McCalls #MCLS is also another which has done 30% this last week, large debt but as a takeover target the suiter, paying the current market valuation & clearing all debt would be left with around £150m in none current assets. That 'will' go to 45/50p in the near term & possibly far higher, they struck a deal with Morrisons in 2019 to roll out Morrisons dailies instead of McCalls... the market may well be cottoning on to how ripe for a take over it is. It's also been one of the survivors of the pandemic.

I am not claiming to be an economist, I have spent more time studying companies and the economy in the last 10 years than anything else i have done and do have a grip of it... As any economist should / would say, nothing is set in stone & open to interpretation, but it is possible to make valid guesses on the future based on what we know today.
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  • #561,871
  • Nov 29, 2020 8:23am Nov 29, 2020 8:23am
Oh and

Latest poll in Mail on Sunday:
Remain 54%
Leave 46%

Mail on Sunday hardly a remainer paper eh.
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  • #561,872
  • Nov 29, 2020 8:34am Nov 29, 2020 8:34am
Quoting Catempire
Oh and Latest poll in Mail on Sunday: Remain 54% Leave 46% Mail on Sunday hardly a remainer paper eh.
so your an investor ,ok put up the next idea we can monitor
Polls are corrupt and thats why I pointed to you with an image of what's really happening ,in real life votes.
Brexit vote got stronger by the time we got to the election no doubt ,that was last year.

You seem naive thats all I can say ,from many comments.
you think you can figure it out against a chart as a retail person.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,873
  • Nov 29, 2020 8:36am Nov 29, 2020 8:36am
I think it can sell off,
off the line pivot we look at
but this trend is coming to an end is how I read it longer term.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,874
  • Nov 29, 2020 8:40am Nov 29, 2020 8:40am
Quoting Catempire
{quote} I never said it will dry up over night.. it will tho have far reaching repercussions that will filter themselves through all markets... The demand for a more expensive product will not be there in the same way, this is not rocket science dude. "you're talking about weather men ,some with super personal bias or paid bias ." Are you talking about yourself ? You seem to be another that thinks leaving won't have a detrimental effect on the economy, from your comment "Also my chart isn't showing me a lot of peoples outlooks on very high TF, of...
Do you also analyse undervalued stocks on NYSE or Nasdaq? And where do you post your predictions? I would like to follow them, didn't do stocks in ages, its about time to diversify a bit.
Everyone can see the chart, but only a few can actually read it.
  • #561,875
  • Nov 29, 2020 8:47am Nov 29, 2020 8:47am
Quoting Bones
{quote} Your the one laying blame at Boris or the public if either of us are out of context it's you .Since the way you're talking reminds me of 2016. You're the one questioning if the public should vote {omg} when Ive pointed out with the fact theres no way it could be put off any further .REF was promised by Blair =never delivered while further treaties were signed that change everyday life. Our governments signed many treaties without its peoples consent and thats why UKIP rose from the ashes.Thats also where I'd lay blame for the cost today...
i won't get into this one but interest fact is hitler allowed the people for vote many things like unification. that' why he was loved by his people. meanwhile we live in a world where our opinions are not important. its a funny old world....
In tea leaves we trust!
  • #561,876
  • Edited 9:42am Nov 29, 2020 9:13am | Edited 9:42am
Quoting Mcbeaners
{quote} i won't get into this one but interest fact is hitler allowed the people for vote many things like unification. that' why he was loved by his people. meanwhile we live in a world where our opinions are not important. its a funny old world....
Look they conceded the referendum after holding it back years.This is the problem now as we've been drawn into it that far, the threat is you can't leave it, without imploding
I'm amazed how many Brits don't think referendums are a good idea rather than allowing politicians to make up our minds.

Politicians are morons, most of them, everyday people like your neighbour you don't want voting.
Honestly theres no risk to them other than their rep ,they F up all the time look at COVID handling .
A lot of Politicians have huge bias ,they're voting on Government getting bigger, a job for the future after failure in our system.

Surely it's better to ask millions across society what their impession of the EU is
rather than leave it in a few hands.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,877
  • Nov 29, 2020 9:57am Nov 29, 2020 9:57am
Quoting Bones
{quote} Look they conceded the referendum after holding it back years.This is the problem now as we've been drawn into it that far, the threat is you can't leave it, without imploding I'm amazed how many Brits don't think referendums are a good idea rather than allowing politicians to make up our minds. Politicians are morons, most of them, everyday people like your neighbour you don't want voting. Honestly theres no risk to them other than their rep ,they F up all the time look at COVID handling . A lot of Politicians have huge bias ,they're voting...
my tin hat opinion for what is worth is: its just a game they are playing, oligarchs never wanted to leave and that includes their puppets on either side of the political spectrum. they are just running this down, wearing folk out until they say something like "we have to stay" or they come up with an agreement that in practice keeps the uk in the eu but looks like you aren't or "we have to have another referendum". just imo.

"politicians are morons" this by design again my tin hat opinion. some of that is because the most skilled would rather do something else. oligarchs don't want a putin nationist types they want they want someone whose strings can be pulled.

and don't get me started on covid....
In tea leaves we trust!
  • #561,878
  • Nov 29, 2020 10:23am Nov 29, 2020 10:23am
Quoting Catempire
Anyone trade Crypto? Ripple will consolidate in the 50's this week imo before moving higher. To soon to break fresh highs after the recent pump from the lows and BTC will struggle (for now) to break new highs... hysteria needs to calm down a bit and re boot itself. I trade psychology more than I do charts, appreciate it doesn't work for everyone, but makes sense to me from my stock market experience... Big gains to be had on the crypto market. worth paying attention to for 2021 as is IoT and Ai... smarter, harder, more efficient and lower margins...

i used to leading up to the previous ath. later i changed to the system that i use now and stopped as it always looked bearish. i've been following it recently and my system is working to a good degree if one enters and holds for a period like 2 weeks. btw typically the crypto season starts with btc trending in june/july and then the alt season is from sept through to mar or to may.

my take based on signals from friday and probably will be good for a couple of days:

xrp - v bullish - should be good for a couple of weeks.
btc - v bullish - should be good for a couple of weeks.
ltc - bullish
eth - bullish
xmr - bearish
zec - neutral
In tea leaves we trust!
  • #561,879
  • Nov 29, 2020 10:23am Nov 29, 2020 10:23am
... I would say that there has been a slight up tick in optimism over the w/e, nothing major but relative to the pessimistic outlook as of friday re chances of a deal. Ie actual face to face meeting y/day and today (Barnier in London,) and reported pressure from top Eu bods on Barnier to strike a deal. Not exactly the conga yet re mood music but not the funeral march either. Could just be theatrics / usual smoke and mirrors of course, particularly if there was never any serious intent to get a deal on Uk side in the 1st place, then it is definately the later, with the building Uk side narrative (as CatEmpire has been pointing out,) that's it's all the Eu's fault. Let's see if any further updates in what is left of w/e before market open, and then London open tomorrow, and see what they make of it. Looks like it really is crunch week though this time !?
Trader with an Edge.
  • #561,880
  • Nov 29, 2020 10:54am Nov 29, 2020 10:54am
Quoting OnlineAddict
{quote} Do you also analyse undervalued stocks on NYSE or Nasdaq? And where do you post your predictions? I would like to follow them, didn't do stocks in ages, its about time to diversify a bit.
Hi mate, in the process of setting up another website predominantly for this, once it’s up and running I’ll flick you a message.

Don’t really do overvalued as shorting stocks is a dangerous game & I would sooner take the indice on the politics / economics than an overvalued company...

even overvalued companies go up in price as it’s often based on PE / market / hysteria & that’s not for me to decide what that value/ratio should be.

Tesla being a prime example.
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