Member Info for CHEQUEMATE

Re modest rise in FTSE100 and yet slide in REDDE share price. The FTSE100 is over weight in banking, oil, commodity stocks and to a degree pharamaceutical (sorry about spelling) stocks. Therefore any movement in their price one way or another can have a dispropotionate affecty on the whole index. Recentlty there has been some recovery in oil stock prices and yesterday mining stocks. Although the FTSE100 can and sometimes does have an affect on the more general market and their prices, it isn't the sole driver. I have held numerous shares where there has been no or very little correlation between their share price and the FTSE100. I have seem their share price rise when the FTSE100 falls and vice versa. The fact that some majors have been cutting their dividend and no doubt more will follow has not had and will not have any bearing on what REDD will do. Indeed if we look at the last trading statement it stated that there would be a dividend of at least 4.40p per share (an INCREASE from 4.00p per share). That doesn't mean a future dividend will not be cut, but there is absolutely no indication that this is on the cards at present. As far as shares rising on good expectations; well yes, they generally do. But that has already been reflected after the release of the last trading statement. Often the share price will then retrace to a degree in the days or week(s) after; which can be mighty frustrating. Additionally, market makers play games and who is to say they are not trying to shake free a few more shares at this level before selling them at a higher level on release of the next trading update?. It wouldn't be the first time. Of course I may be wrong, but there is nothing but positives from the last statement that I could see. Maybe that will change come Thursday. It won't be just the results that will affect the share price but also the comments in the Chairmans' report and the outlook. gla CM ps My view on REDDE being on the face of it a good investment has not changed since I was last invested. I have just become less bearish generally and now more neutral.

There is a difference between rambling and ramping; and I don't find you guilty of either. You have been putting your view forward which is fair enough. We all have our views. None of us should be frightened to or embarressed if we feel we need to change them when necessary. regards CM

Yeap. Usual story for me - when share price goes up I wish I had bought more shares, when share price goes down I wish I had bought less - so no winning eh?! - so best not to think that way. Wouldn't have been surprised to have seen the share price fall back once I had bought back in; so it must have been kept quiet - perhaps the market doesn't know yet!. CM

Thanks WF. I think I have to put what has happened behind me as experience and look on this as a new beginning, otherwise there is a risk I am just looking at it as an exercise as trying to recoup losses. These things happen. Good to see it has move further North today. When the share price goes up I wish I had bought more shares; when it goes down I wish I had bought less, lol, no winning either way if I look on it that way - so best not to!. Regards CM

Back in at 386.0. I had noticed this had opened higher and was waiting for a retrace. Didn't seem to be going to happen so bit the bullet. Fewer shares than previously and not a huge investment but enough for me at this time when the market has been and may continue to be volatile. Very easy to say retrospectively I should not have sold out in the first place and have bought more shares; but the way things were going I was feeling decisively uneasy and am not in a position where I can let any investment fall back more than 15% or at most 20%. My risk appetite isn't what it use to be, which is down to age and experience of investing too many times in the wrong high risk shares. Neteller is a long time ago. It was one of my best investments. It ran into serious trouble years ago in the US with the gambling rules and one of its' directors was either imprisoned or threatened to be imprisoned. I wonder what happened there?. Yes, I read the RNS re new broker coverage. I don't take a lot of notice of any broker coverage apart from it being of interest only. Better it be 470p target though than 270p. We'll wait ands see. Promotion into the FTSE250 will surely only be good. gla CM

Back in at 170.6 (shakes his head in disbelief!). CM

Yes, what you say is true. Thee does seem to be more hope than a week ago. I sold out here by stop loss at 355p, but that doesn't mean I won't re-invest at a higher level. I bought in first at 403p, so there is a way to get back there. Inclusion into the 250 should be a positive in the near future. It is just worrying how volatile the market is and I wonder how far this rally can go before an inevitable retrace - the likely sign will be the day I re-invest. Didn't have many shares here, but to me it still represented a fair amount of money. I continue to watch this closely. Perhaps I should put a buy order on it gla CM

Intereting thought Wolfhound. I don't use charts a great deal, more to reflect on the trend but also I look at the Bollinger Bands to see where the share price is in relation to the upper and lower band. The share price has bounced off the lower band and is heading North again which is enouraging. However with present market volatility it means less than with a more stable market. The last time I looked at the share price today before close, the share price was down so a little surprised to see it was up at day end. Sitting on the sidelines watching this one closely. A few good days for the market doesn't mean everything is sunny again but at least the clouds have parted for the time being. good luck CM

Hi bccs. I can sit quietly as well as speak what is on my mind (if you were referring to me), lol. Watching very closely here. Glad it has been a good day for REDD, it didn't look like it was going to be so good at one stage. I can't watch the market all day, only occasionally. Not sure what has driven the market higher over the last couple of days or so, maybe some bargain hunting and some talk of oil producing nations talking of reducing supply.. The oil price has risen, but it is falling again just now, yet the DOW is up again. Seems to affect not only the general market but most shares. I still believe the market is volatile and will fall again shoyld I re-invest; so contributions to keep me out will be gratefully received. CM

Sorry Stock, but 1 share buy does not indicate a RNS is coming. I have seen this theory mentioned on many other boards in the past where a 1 buy trade is indicated along with other strange trade numbers. I have tried to find out what it means by going on the internet but I have never found anything. How could it?. Is it meant to be a secret code between market makers as some would suggest?. If so, then it is hardly secret and therefore self defeating. If they do use secret codes then be assured, we as private investors will be the last to know. In this instance I would say it is co-incidence that a RNS has followed. Otherwise it could be viewed as insider trading. Market makers will have far more devious methods to hint to others that a RNS is on its way and won't let us know. I have also seen 1 sell trades on numerous occasions. It has never led to anything. Infact, a number of posters have joked between each other wondering which of them had bought or sold just 1 share with the associated trading costs. There can be numerous 1 buy or sell trades on the same day........what does that mean?, more than one RNS?, or confirmation?. Sorry, but I don't see that anything can be read into it......unless someone can give concrete evidence that they know something others don't know. Wolfhound - some of what you post is true: Yes oil prices have "jumped", but they have before only to fall back again. Is this the start of a prolonged rise?. There has been rumour that OPEC may discuss a supply cut but that hasn't come to anything yet. Yes, china retail sales may be better. There has never been any thought of an "agressive" rate hike in the US, only a slow rate hike at best. Now there is talk that there may even be a move down again - what does that say - that growth is not as it was thought and is slowing. Good news with a lower rate or bad news that there may be a cut again? Bank stocks recovering somewhat. Yes, from a low level and for how long?, There is real concern that the banks may get hit again, profits falling and exposed to bad debt which may prove difficult to pay back. China growth slowing and is probably far lower than what they have stated. Now Greece is coming back into the spotlight again regarding its debt, which we all thought had been settled. What effect will the coming UK referndum have on the markets?. I am sorry to sound so gloomy, I wish it wasn't the case but where/what is the catalyst to turn the market sentiment around for good and not only briefly? - I just don't see one right now. I do see PAYS as being a good share and may well prove a worthy investment but there may well be more negative movement in what seems increasingly a bear market. If I dip out by being out of the market at this time, then so be it. I keep PAYS on my watchlist and may well put a buy order on it at some level. Good luck all CM

Fear the bear market was already here Alcien. There will be rallies within just as there are retraces within bull markets. These may well prove just to be sucker rallies; wish it wasn't likely to be the case. Unfortunately I can see no catalyst for the market to turn around in the near term. On that basis I have exited the market completely today; taking my losses before they get larger. I saw one of my holdings climb nicely yesterday but start to fall back late on. When the DOW turned seriously negative yesterday by close it signalled to me the time to get out. This morning that share started to fall sharply; fortunately I got out relatively early so didn't take the full hit. Maybe I will have called it wrong; but I can afford to do that rather than not afford to be right and stay invested. I will await better times before re-investing; however long that may be. I wish all here and elsewhere the very best of luck. Regards CM DD - don't let what has happened/is happening hit your self-confidence. It happens to all of us and has to be put down to experience. These poor times do happen and are awful to have to go through. You have done nothing wrong. Only you must do what YOU think is right for you at any time and not rely on others posts. It is easy to lose even more money by holding on and on because of posters bullish posts which are based on nothing more than hope and overdone optimism. Yes, it is desperate to see ones profit disappear so quickly. What I believer ALL investors should do is set a price which they are prepared to sell out at, ESPECIALLY if that is at a loss to prevent larger losses and to take the emotion out of investing which is often our worst enemy.

Good luck all. My stop loss has been executed so I am out for the time being. Price may have further to fall before it recovers as is likely with many shares. Remains on my watch list. Taken a manageable loss. Remains to be seen whether my decision was right or wrong. CM

The danger is that what may appear to us to be a bargain turns out to be a better bargain the next day. It is very easy to get itchy fingers to invest or re-invest and difficult to sit on the sidelines waiting particularly when we see share prices rising. We want a piece of it, get impatient and push the buy button. It doesn't get much easier even when you have been investing as long as I have. Just try to have more winners than losers. A better day today with some recovery in share prices, but with the DOW down nearly 100 points after a positive start it makes me wonder what tomorrow has in store. It may be a case of setting another stop loss. There is no reason why you shouldn't recover what you have lost over time with a cool head and the inevitable good luck. And not over investing or over exposing oneself to any one share. good luck DD CM

A better day today than of late, but what of tomorrow, with the DOW down almost 100 points after trading up earlier?. Hmm. Just as one bad day in an uptrend doesn't mean disaster so one good day in a possible downtrend doesn't mean all is bright and cheerful again. I raised my stop loss here this morning and will think things over again before tomorrows open. Will see what news comes out over night. gla CM

There are very mixed opinions on stop losses. However it has to be an individual decision of course. It takes the emotion out of making a decision to sell when we are tempted to wait just a little longer to see that inevitable rise; which often there is...........after the share price has fallen still further. Taking a small loss and admitting we possibly made a mistake is far better than having to take a much larger loss and not admitting we made a mistake. Quite likely this will now recover now that I am out............wouldn't be the first time!. Good luck CM

Agree completely DD. I should have gone with my gut feeling last week and stayed in cash for longer than what I did. Unfortunately, like most investors, my holdings got a severe kicking yesterday. One stopped lost out this afternoon and another survived although Heaven knows how since the share price fell below my stop loss then climbed back above. So, that one survives for another day, temporarily maybe. The way markets are re-acting there is no way to know what will happen. I see more downside pressure to come so for me, I have to be prepared to move quickly to get out. That would mean taking a loss, but I would rather take a loss whilst it is relatively small rather than let it get bigger on the hope, and nothing more than hope it seems, that it will have bottomed. A 10% loss can quickly become 15%, 20%. And no doubt , there will be bargains around; more than likely here with REDD - maybe not just right now. My own personal opinion of course. I wish all here the best of luck. Still watching and waiting. CM

Somewhat of a recovery from the low earlier in the afternoon. I am surprised I am still in here, having set a stop loss at 340p. It didn't execute, although it did fall to 330p after I set it!. A relief, if only temporary perhaps. Heaven knows what is going to happen. Unlike you Stock, I am prepared or rather can afford to take a loss, but will take a relatively small loss before it gets out of hand.. The reason I didn't invest too heavily here was for the very reason that if the share price did fall, I would be able to shrug it off as much as possible rather than let it affect me and my mood(s) more than necessary or reasonable. If I can't afford to sell at a loss then I would question seriously whether I should be investing in shares at all. Good luck to all. Lets hope for a better day tomorrow. CM

The way the market has gone/was going earlier today, I decided to set a stop loss rather than constantly watch how things were going on my mobile when I should have been concentrating on my work - not good. Although I set it at a reasonable amount lower than the current price at the time it did execute at 241p. Of course it did mean taking a loss. However much I hate taking a loss, I believe it is better to take a small loss before it gets to become a big loss. I have seen too many investors sit tight and see their investment dwindle away, stating that they can't afford to take a £*000 loss. I wonder what they feel when that loss gets larger and larger?. Live to fight another day. I don't believe there is much if anything wrong with MCS, it is very largely the market generally. No one knows if and when the market will turn positive but the signs are not there at present. Considering my investments elsewhere too. DOW is up 62 points right now, so maybe, just maybe tomorrow will be a better day. We all have to stand by our decisions, however different that may be to anyone elses. Gla CM

You may well be right. Don't know why now I didn't stick to my convictions and stay out of the market. Perhaps I thought by investing in different shares with good rns things may be ok. Far from it it seems. Now I'm faced with exiting here and elsewhere with a loss or facing a larger loss staying in or hoping things will improve. Not sure what the US will do on opening, possibly rebound. Knowing when to call it a day is important. Good luck all CM

Gee....just seen the share price movement today for CAKE!. Down almost 10%.........that's pure crazy!. Proves the market is nuts and not stock specific since shares in PAYS (financial) and MCS (housebuilding) (2 of my holdings purchased last Thursday) also down today, by nearly 10% and around 8% respectively. When I last looked at CAKE earlier today I think I saw it was up!. As far as I can see all 3 companies are performing well. Pretty indescriminate selling today. DOW was down almost 400 points earlier but has recovered to some extent to be down, lets see.......around 190 points just now; wioth just under 20 minutes of trading to go. The market is insane with the inmates seemingly in control. Well, the market makers only make money on volume, so if they can up the volume regardless of the direction then they will be happy. Regards CM