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%.
Monday • 07 September 2015 • 11:57
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.