The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
btw dont know if u noticed but yesterday a nice 20 mil buy order, and today so far 2 big ones, 5.9 mil and 1.5mil, either II are returning or commercial is buying in tranches lol :)
true voice of matt damon, wonderful movie, yes its on dvd a friend gave it to me. CTH btw is approaching buy in which i have revised to 110-111p, 14p scrapped as i write to a 52 week low of 136 There is a possibility 136-137 to be a bottom as well, its a bit tough to find it as i am not quite sure where the measured move starts so if i would of invested it here (someone was asking about this share while back i think it was you sirbob) i would have 3 entry buy ins 137p first , second of 122p, and final one of 111p. TNI still in the middle of nowhere but another day where buys outnumber sells, it will come good. BTW general views, i read many investors II actually are withdrawing money from the markets, china withdrew about 15 billion $ last week, trying to invest in china and increase china's growth by local consuming not internationally inspired growth. Also Japans stocks have seen 80% increase from outside japan hence i think these are some of the reasons why we have low volumes not just on lloy but generally LSE has limited interest. Not to mention the fact ISA final days sell. All in all unofortunate times to invest money in UK equity.
I have watched a wonderful documentary movie, HIGHLY recommended "Inside Job" its about the financial crisis, knew most of the stuff but what a wonderful description and timing of the events. And today just read this: http://www.bloomberg.com/news/2011-03-30/new-york-fed-declines-aig-s-offer-for-maiden-lane-ii-mortgage-bond-assets.html LOL mortgage bond assets ... blah seems nothing has changed the world keeps wanting to fall apart. Global revolution could start not just africa-midlle east, dont take it the wrong way but there are millions of poor people in america sleeping under bridges. With 10% unemployment its a huge problem, no job means no money, no money means no mortgage payments, no car payments and on a society that lives with no savings but on CREDIT, unemployment is as devastating as japan earthquake.
good for you mate, of the ones you posed i fancy hoil, others not sure as i said i have been avoiding that sector ...but looking carefully there now, perhaps i will just watch several stocks frrom the sector for the next several months then take a bite.
true, true its news related, stress tests of the irish banks will be posted 4:30pm, it will be known then what funds irish banks will need. I believe lloy should relax after the news.
btw about CAZA do u know the reason for falling off the cliff? I think 28-30p sounds a good bottom volume was good today, buys outnumbering sells and nice close.
thanks for stating the reasons, i have avoided that sector pretty much except few trades on DES (yeah right i get your smiles) which actually was not a bad deal got in the 40's and in 30's few times, but yes too volatile so i got off clean out of there but no profits all in all first touch in the g&s sector was painfull as i barely pulled myself out of it. back to shares, i think i should shut up for awhile my prediction for prty going to 185 might not happen and if tomorrow is not a red day for party clearly the way is up. Same for TNI , thought for a nice day and close above 47.5 and barely 46.75 although still a positive day though. Same for llloy i was thinking of trading that 59-61something range , but i waited for 61.5 stupid enough not to look the previous time when it went to 61.61 was allowed to go as the EMA20 was too high, now EMA20 dropped of course and yesterday it stopped right at 61.26 or right at the resistance line formed by the triple bottom, so i thought it could close below the resistance line but on an intraday spike it will hit higher than 61.5 and there i would sell, stupid enough i did not look the EMA20 was even lower than the resistance line!!!! And i dont have a stop loss on lloy so really, really disappointed of my trading for the last week-10 days. Same on SAR, i had 2 chances of selling on 2.30 after i rebought on 2.05, kept looking at the quote ... waiting and waiting ... 2 chances and it tanked under 2p today, it will come good later as spikes are notoriosly high there but really i never hesitated that much before and such stupid mistakes as missing important TA analysis, i mean i look at it and i dont see it!!! Terrible! I read an article some time ago about a guy who cant trade more than 10-15 trades a day and after that it gets emotionally harder for him, now i realize pretty much happening to me as well, just looked back my trading history and since january i have 34 trades, yes 11 trades per month does not sound that much but looking for the previous 3 months period i got 67 trades, and looking at trades lately its like doing nothing or bad trades (ved for only 2.5% up yeah i know it went 3.4% alone today) BUT i SOLD just few days ago to free some cash. Top of stupidity actually was just a week ago when checking prices live and getting quotes on TNI for buy i forgot the quotes were on sell so instead of buying 8000 i sold 8000 so had to re-buy again next minute on a higher quote and associated cost as well hrrrrr. Not to mention stupid mistakes with paperwork on my business. I think i will take a week off and leave to the scotish highlands to relax on fresh air and forget about laptops, stats and information for awhile. Good luck to you guys, i run out of steam
dont know if you guys noted the huge trades last hour of the trade session, turned the volume upside down sell to buy - 1:2 I think we will see a nice white candlestick and a close of above 47.5 maybe over 48. Higher opening tomorrow as well GLA
good for the eneg trade :) you guys pay too much attention to the oil and gas sector, any reason for that? I mean i see netley, graysland you too. caza could start any time soon true has a nice gap to fill there hoil as well, its retreating after a good run and still a gap fill waiting there as well, perhaps few more days before it runs back north? ATB mate
lloy range of 59.5 - 61.5 top resistance is generally the EMA20 which played sucessfully number of times, today btw lloy got stopped by the resistance formed by the so called triple bottom formed before it got broken of course so 61.26p played perfectly today as resistance.
congrats on the deal with eneg, cant tell you how many stocks i have just observed rise sbstantially and not participate, that has to do with the limited funds (i use about 25 000 pounds now), my tranches are very very different, from 3 to 6-8000 depending on the shares and entry prices of course. HAWK should be a buy with 8p as a bottom (just observation lol) TRP should be a buy at 7p In regards to RRL i "observed" them together with TRP at 4-5p both since last year but busy trading other stocks. In regards to the 3% gains, lloy is my favourite one, i have over 30 trades on 2-3p gains, the 60-70p range played fantastically for me, since we touched the first time 60p and TIE suggested a double bottom is coming i put myself onto lloy and some weeks i traded 3-4 times lloy, i erred there maybe 2-3 times only but very predictable was lloy, now there is a 58.5 - 61.5 range but emotionally/psychologically i am really exhausted to stay all day at the monitor and watch for the small resistances and supports coming. Looking for a share like TNI or WIN (which should come good at 111-115 bottom) where i will put my money and forget for some months to come and just collect the 40-80-120% whatever comes. PRTY is such a stock as well but looking for best money could buy. Speaking about the PRTY looks bearish and i will stick to my 185p target as first entry price and i really think it should bounce there. In regards to TNI surely there is nothing charts could use, naughty descending triangle is forming though, perhaps that would explain the continuing sell off but really cant explain the price holding so well. 42p was my next target according to my fibo calculations. A positive thing happening there is BBands going to a tighter range plus BOLL- being at 35.56 and keep on increasing after touching 32.72p some 4 days ago. PSAR is positive. MACD is bullish, stoch picked up, and there is momentum finally. ATB
Hi mate, no i have not had the chance to look netley's suggestions, i will look it up tonight or tomorrow. Good you sold, i should of kept for another 5-6p but cant win em all. Currently hold 3 shares only, TNI , SAR and LLOY, yes still in lloy, i see 63-65 achievable with no volume and interest. So 5-6% would be all right. I regret been in the party with 2 tranches only but that is what i had available ... now i see 185ish before the next move up, so retrace to 185ish i believe before the next leg up. TNI as i said earlier, nice recovery for today sells to buys - 7:1 and price held and recovered? We would of finished on the low of the day if movement was downwards. BTW i am getting something out of you though, i have always been trying ot get the bottom and the top of the shares i go for, a very tough job to do though, and while i have been more sucessfull with the bottom, the tops have tricked me before now i still go for the bottoms on tranches and when its time to sell i set up my target lower it with 3-5% and sell 70% of my holding, the rest i hold for the target if its reached i sell if i miss it then sell on the previous sell point. I know you take 10-20% and you leave i kind of devised a system that combines my previous system with yours, taking profits and still wait for top but with smaller holding, yes fees associated with that but nothing cant describe the pleasure of trading the exact bottom and top of a share price movement. Priceless (as mastercard) lol ATB mate P.S. I am thinking of selling lloy and get heavily exposed to TNI, i have really good feeling about it, today i thought about topping up at 45.25 but hesitated as i thought if it goes to 42p which was my original set up price for next buy in to hop in then but i am quite sure after today that TNI wont let it go further down ... so bad idea of eggs in one basked yes but potential is huge 67-72 first stop though. Whats ur thoughts about that?
I must admit i made a mistake selling early the prty , still profit but ... seems a good runner now.TNI seen HUGE selling but recovered a lot, definitely a bottom has been reached, normally on such sell off we would drop like a stone and no recovery would follow, still the close is important but i am an optimist there. LLOY still low volumes but its getting carried away by positive mood. XCH, YELL and ENEG seem unstoppable
welcome back mate , good to see you around :)
PartyGaming PLC FTSE 250 Consumer, Cyclical Sell 116 190.5 -39.1% Investec
bank of chiina had better than expected results, bank shares lifted asian markets, lets see if that is contagious :)
usa gdp final quarter 3.1% better than expected, dow futures up, in 30 min when dow open it should lift ftse and banks should gain from that.
good news for 888 TNI holds well, sold my party at 192.2p it should be a strong run now but somehow i think it will retrace as it hit previous high, sold my sar at 2.4, my account/window closed unexepectedly right at 8:02am when i was waiting to sell it cost me almost 10%!! Darned bank accounts!! I wait for TNI to show more strength more like party strength 2-3 days ago that kind of behaviour, which i think will be seen next week then i will sell lloy and put it all into tni, i know eggs and 1 basket but i think tni will come really strong soon. GLA
no i still keep them, for the reason i dont feel comfortable of selling at those low levels ... which should be buying anyway. Volume is low but many better targets are around, indices, petrol, II have withdrawn from many shares not just lloy. At least SAR is doing well for me today although long term there but i might slice soon.TNI seems frozen, no trading there, dont know what is going on. PARTY is holding really nice , good volume
good to see you around mate, well i agree on TNI about the changes, but highly undervalued at the moment mate, definitely 67-74 will happen some time soon thats about 30-40%. And i will offload some before that definitely on the sign of weakness. LLOY- i am waiting to see how it will fight the resistance coming, retreating after another tryout and i will be out to invest elsewhere, missed TRP at 7p which appears as a nice bottom now, miss now party as i have funds invested elsewhere (although lloy could be sold on currently 1% loss), agree lloy could fall further down, not sure if 50p or else, have not looked the charts lately there. PRTY - nice one yes, gave me lots of dosh since i started trading it 4-5 months ago. ATB mate