thoughts17 Mar 2011 00:59
party held nice today even for a moment i thought too good to be true, sells almost double than buys, its further on the way down.
TNI i have been averaging all the way down, i will keep doing it, got some at 49p (uwinsum good for you u sold, i did not), but next tranche will be at 40p, my idea is to offload at 80-90 which i think definitely will happen this year, this will give me over 60% profit depending on where the bottom is found of course.
LLOY - same idea here, i bought at 59.8 and i will average all the way down, and i will wait for 90-100p which again DEFINITELY will come this year. Again for some over 60% profit.
All i will trade probably for this year will be those three stocks, i have 1 tranche in SAR at 2p though - long term there to whenever there is a licence agreement or someone buys them looking for 8-10p. Probably will get with another tranche if it goes to 1.5p and may trade it on the spikes. Also i got 2 tranches of VED,2118p average and i will offload in less than 3 months looking for an exit at 2800p and maybe a bit over.
Now in regards to lloy, i think it will go down to 53-54p, i dont think 59-60p will hold though, even though i bought i did it believing long term it will come good but my next buy will be probably 55p then 53p. FTSE might really go to 5400-5500, actually on the previous retraces i was thinking it would go down there but it did not happen, now there is a reason for it to go all the way down. World news + stress tests coming, Portugal got its rating downgraded also now it is believed Portugal will definitely get a bail out as bond rates are getting higher and higher. Also today the forecast for UK growth was downgraded to 1.5% as long as i remember. So lots of issues short term, but what i think it will be short term shock and awe then watch one of the biggest rallies ever, i am thinking of 6500 ftse min to 7000 max, something like what happened last year.
Therefore i am bullish medium to long term (this year) but bearish short term, all stocks will come good i am sure about it, we will be remembering about those low prices with a smile soon enough :)
So my game is heavily in LLOY, TNI and PARTY ( will start buying below 170 but it it starts moving i am all in again looking here for 250-300p exit nice eh?).
Good luck all
Netley where u hiding mate? :)