UPDATE: BUY GLENCORE vs SELLING SXXP

We are taking half the position off here for +8.53%.

Running the rest looking for another 6-8%.

 

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Monday • 07 September 2015 • 11:57

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I think Glencore is a buy anywhere below 130 vs the SXXP.

GLEN: u/p the SXXP by 35% in 2 months…Think that has to unwind.

They have also been proactive although still leaves quite a big capital shortfall.

Qatar own 9% already which is always a positive and could see them increasing the stake.

They are not going bust. Which a lot seemed to be pushing last week.