And they said don't worry, it's just teething problems
First they came for the 🐟
And John Redwood said the 🇬🇧 fishing industry would adjust
And they said don't worry, it's just teething problems
And there the Minister wrote a letter saying 🇪🇺 was wrong, when his officials knew 🇪🇺 was right
They're still waiting
We do not recognise the numbers, the 🇬🇧 Government says
They cannot even send the potatoes to Northern Ireland
So they set up operations in 🇪🇺 countries, something 🇬🇧 Department for International Trade acknowledged was a good idea
So they put on half a dozen 🇮🇪-🇫🇷 ⛴ routes to avoid 🇬🇧 altogether
And so the boss of the 🏴🏦 "warns" 🇪🇺 they are being unfair, but has no solution
No one knows who will do the jobs these people did once the economy recovers somewhat post-COVID
However you look at it, this makes *no sense*
It's not if you're pro-Brexit or not. It's about having a sensible view of the economic future of the country. Where is it?
/ends
More from Jon Worth
This is perhaps the most complex 🧵 on #Brexit I've ever attempted. But this issue really matters.
Business, possibly even lives, depend on getting this stuff right.
It is about the complexity of Brexit delay, and what to do about it.
1/25
If negotiations had gone to plan, it would have worked thus:
1️⃣ 🇬🇧&🇪🇺 agree a Deal, politically
2️⃣ That is then turned into a legally ratifiable text
3️⃣ Both sides then ratify - on 🇪🇺 side Member States and the EP, 🇬🇧 side the Houses of Parliament
4️⃣ Deal in force 1.1.2021
2/25
The problem: we do not have 1️⃣ yet.
And with just over 16 days to go - including 🌲 - we do not have time for 2️⃣ and 3️⃣ and hence no 4️⃣.
We *might* have time for 2️⃣ - and that could prove to be significant (see tweet 7 below), but definitely not 3️⃣ on 🇪🇺 side.
3/25
*Essential* problem: by having spent so long talking (I think 🇬🇧 tactic has been to run down the clock - https://t.co/8EJZAJZHqz ) the path to a normal ratification is now ⛔️.
Now ratification becomes harder - legally, politically, practically - with every passing hour.
4/25
The most obvious stumbling block is...
🥁🥁🥁
... the European Parliament!
Parliamentary sovereignty, eh? A topic for another time.
Anyway, the EP has said it will not vote on a Brexit Deal this
Pretty clear again speaking to Mep's they won't countenance debating or ratifying any EU-UK trade agreement before December 31st #Brexit
— Shona Murray (@ShonaMurray_) December 15, 2020
Mep's are pretty annoyed at the very suggestion that it would be provisionally applied and the ratification would be a simple rubber stamp.
The transport ministers from 🇩🇪🇦🇹🇫🇷🇨🇭, and the CEOs of the state-owned 🚅 operators in each (DB, ÖBB, SNCF, SBB), held a press conference about night trains today...
This slide summarises what they'd agreed
Don't get me wrong: night trains are *good*, and the trains on these routes will be ÖBB NightJet services, and ÖBB runs the best night trains there are in Europe.
I personally will be very happy to take these trains.
But so much for the good news.
Most of these routes have *already* been announced (Zürich to BCN, Rome, Amsterdam) - see https://t.co/7JnAo74tIX
Or have been even trialled (Vienna-Brussels) - see
That means only really the parts of the trains going to Paris and Berlin are in some way new - and even then we don't know how this will work (old Berlin-Paris night train went *through* Brussels)
In short: we're talking today about something like 4-6 new train services a day
In comparison: DB has 400 ICE units, SNCF 600 TGVs.
All of this is a *drop in the ocean*.
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K
Stan Lee, who died Monday at 95, was born in Manhattan and graduated from DeWitt Clinton High School in the Bronx. His pulp-fiction heroes have come to define much of popular culture in the early 21st century.
Tying Marvel’s stable of pulp-fiction heroes to a real place — New York — served a counterbalance to the sometimes gravity-challenged action and the improbability of the stories. That was just what Stan Lee wanted. https://t.co/rDosqzpP8i
The New York universe hooked readers. And the artists drew what they were familiar with, which made the Marvel universe authentic-looking, down to the water towers atop many of the buildings. https://t.co/rDosqzpP8i
The Avengers Mansion was a Beaux-Arts palace. Fans know it as 890 Fifth Avenue. The Frick Collection, which now occupies the place, uses the address of the front door: 1 East 70th Street.