Before anyone asks, yes I do hold TCAP as well, sold petrofac and HSBC early in the crisis for losses less than 10% which means my portfolio is down 3% for SIPP and up 0.5% for ISA. I held other shares ealier, like aston martin, which i sold too early. Look at the gains it's had since 110p! If you only hold the big stocks in times like these, you will suffer.
...ago, Feb 12th FTSE 100 was 7534, not it's 5800 down -23%. Ig Index was 672p and now 672p, so that was a good safe haven. Futhermore, most FTSE companies will be reporting a loss next time around. There are only handful of companies which will report profits in line or above previous results. Retailers like Tesco Sainsbury and Morrisons, Ocado like to do well, the only other group expected to report bumper resutls is...the spread betters, IG, Plus, and CMC. Many big stocks like BP are way overprices at crude in the 20s. Other stocks face uncertain future, well well well, you know where the safety is. Look at TP Icap, it was ridiculously sold to 220p, now it's back to where it belongs are 357p. They are also making money. Someone here said there are better opportunities?? Really? My portfolio is down 0% since the crisis started, I am looking to make a lot of money before year end. All the best luck to all
Well I've closed my at 634p for 39 pips. Not sold any shares and won't. This is so undervalued. Some other share like Bp looks very expensive now at 340p when you realise crude is at mid 20s. Bp should be way below 300p imo.
You also said there is now nothing to push sp. If that is the case, the Bears take your shares for cheap . This is exactly what they are looking for - defeated investors. This is even more true when fundamentals are good - which is the case here. You should only sell shares fundamentally poor as they can go lower or to 0. You shouldn't sell fundamentally good shares after a 35% drop on the market. Week hands have been flushed out...
Obviously not! If these results were publish in the US the sp would be up +20% but the rotten UK market is a dog What is wrong with the FTSE market? Looks like it's the eternal dog market. The polar opposite of USA