Member Info for luddite

I came late to the party and bought in at your overbought price last week and am happy so far. I dont understand why you think its overbought , my take is that its got another £4 or £5 to go ? I cant see AbbieVie backing off the way Pfizer did with AZN unless we have a stock market crash whilst we are waiting and even that party will start up again soon enough.

You need to look at how fast RTN rose in the first place , it peaked at 715p in March at which point it had doubled over the previous 12 months and put its mcap firmly over £1bn, dropping back the way it has considering market sentiment should not be a surprise. Its nothing to do with market makers, my guess is that the main driver is the prospect of higher interest rates making investors think this means less sales but RTN have been through this scenario several times and come out stronger. The fundamentals look too good to be true but they are a measure of good long term management , I cannot fault the balance sheet , can anyone take a poke at it because try as I may it looks good. I like the ratio of intangible assets to real assets, a lot high growth rate companies have intangibles at many multiples of plant property and equipment because its easy to over inflate intangibles but RTN cannot be accused of this. On the negative side I have eaten in many of the restaurants and some leave a lot to be desired but many of them are in prime locations . The one on Leicester Square had broken toilet seats and waiters struggling with English but I was happy enough as it was packed out, The Garfunkels next to the Dominion could not cope with the customer numbers so we went across the road to Burger King, still I was not unhappy, an empty shop would have been worse so my conclusion is RTN are good at getting prime sites. If RTN could improve the marketing and restaurant experience they would be a knockout company, I am still ****ed off that they got rid of Est Est Est as it was the only brand they had which I liked but overall long term RTN is a buy.

I think its got further upside £16.50 to £17 over the summer before it will go slightly lower again but not to the £12.70 being wished for by Citigroup or £13.40 by Deutsche , I have not seen their reasons for this low price target , has anyone read their 'research' ? I am always heartened to see brokers getting it so wrong. Red ed might have another crack at utilities before the next general election but every time I listen to him speak it reinforces my view that he is a liability to the labour party, I doubt he has the clout to give us yet another trading opportunity in SSE. I am more concerned that a market correction is overdue or the effect of an interest rate hike later this year which may even drag down defensive stocks slightly but I have held and traded SSE since its floatation, its total return taking out trading has been around 1400%. There are a substantial number of fund managers that have not managed that level of return over the same period. Those recognising the £13 low point in January can sell now for a 20% return but there were posters on here at the time insisting that it was 'short sighted' to call the bottom and that it would fall to £11 and few if any popular pundits saying it was a buy at £13.

I was invested in EVO but jealous of someone willing to now gamble on it no. Go on then fill your boots when others are fearful, all I can see in the list of trades are gambles, surely you dont count any of these trades as investing ? The incompetant bod couldnt even sell off their main asset properly , Venn looks like its tanking over the long term so even with todays rise EVO have lost a further 20% if they still hold those Venn shares. In the main shell companies tank, they go bust , there are enough to go around so a discerning buyer has his pick and I dont see any reason EVO should be any different. AEY has millions more losses than EVO for a longer time but no sign of anyone snapping up this less than juicy morsel. The prowess of the board to do a reverse takeover is laughable, the last time I got something like this right was donkeys years ago when Belhaven Brewery reversed into RTN, it does not happen very often and when it does the story overwhelms the 95% that dissapear without trace, hopefully you will be able to say told you so eventually but I wont hold my breath.

I take back what I said about Flow, from my studies so far they look bona fide but for a company that has not yet turned a profit I have concerns about a director paying himself over £300,000 a year, some of the SSE bods are not on that level . On the other hand I suppose they need to make a living wage and they do all seem intelligent people, however I applied the same logic when I invested in Evo, seemed like a good idea last year. My AIM dog kennels are full at the moment so I dont have room for Flow in case it turns into yet another bono Fido but will now follow it to see if it drops after the recent rise, it could be tempting as a gamble but I hate getting spiked.

This sounds like tripe to me but maybe I am misunderstanding . I can have a Flow microCHP for free , yes sign me up please but if they give them away for free how do they make any money ? I have seen all kinds of scams like this in the past such as ground source heat pumps using four times the amount of electricity than originally claimed but having said that if they are free then I will have one. Regarding the falling knife comment I can only assume you dont follow this share at all and have no interest in it.

You are right the political idiots have managed to put the kybosh on any chance of investment by the big six or any overseas inward investment. Short term until we get 'clarity' after the review as the idiots are fond of saying when they get in front of a BBC camera SSE will enjoy an improving balance sheet even with the promised price reductions. Long term if the idiots decide that SSE has to be split up its still good for shareholders, we will then have two or more smaller companies which are likely to be worth more than SSE. As for brokers ratings listed by drifting123 there was only CS that got it nearly right that SSE where worth buying, the rest of them missed a very significant rise so how good are these people, they get paid a lot for getting their ratings wrong. I think that long before the review is complete the politicers will realise that UK plc cannot manage without significant investment in its electricity supply and will have to take the wind out of its sails.

No you dont get the last laugh, you got it wrong . SSE has risen 14% since it was at support at £13 which if you can remember that far back you made comments that it was shortsighted when others said support was £13, so now who is shortsighted ? Anyone who correctly recognised that the price was not heading down to £11 as predicted by you can now take their profit. In addition we have had the dividend so total return approx 15% in 6 weeks.

I take the opposite view, you dont need to understand whats going on to win although I am also being a hypocrite because I spend too much time reading articles on Seeking Alpha etc and have Bloomberg bleating in the background but this information overload is more likely to result in paralysis by analysis than profit. I dont disagree with much of what you say apart from the buying shorting options and futures. Easiest way to make money with the lowest possible risk is to sell options not buy them, you get an immediate credit then use some of this to buy insurance against a price drop. Its safest to do this with shares you already own, the strategy is called a collar, you just keep repeating it each month or roll it over. You buy the share at support then write the call at resistance, the US markets are remarkably consistent in providing predictable monthly price up and downs even on the highest cap shares. On average the options expire worthless and you keep the premium or the shares get called away and you still keep the premium plus the rise to strike price. The market makers are not the enemy its every other punter trying to do the same as you thats your competitor,one thing I have learned is that most people who buy options and never write them are the real gamblers and on average they lose money. Sorry to see you got caught with Enron, I have had too many Enron experiences in my life thats the problem with being too trusting although I find its one of the few benefits of age that I get caught out less these days. Anyway where is IAG heading, looks to me like we could see £6 this year as long as Putin behaves and stays away from the rest of Ukraine. Funny how last year tapering was so important and now Yellen is announcing a reduction of QE to $55billion a month and the dow rises, nothing really makes sense.

Maltman , I was addressing driftking27 with my comments who felt the price should be nearer £11.50 . You got it spot on with your comment that support was £13. I think the free electricity offer on a Saturday offer will have no effect on SSE, I think Centrica will have egg on their faces with this offer , the only customers that can avail need a smart meter and most dont have one.

Are you still doubting that £13 was support and that time has indeed told ? A 13 % rise from the low point in around 6 weeks makes SSE one of the best performing shares and with a spread of 0.07% the profit could have been all yours. Also shows that the broker ratings are in many cases absolutely meaningless, they just write a more convincing spiel than us mear mortals but its very satisfying when I see so many of them getting it completely wrong.

Seifert, no need to apologise, you are not disruptive , you know very well that you may return to the IAG channel in a couple of months and be proved right, none of us has a working crystal ball. For my part I am neither negative or positive I enjoy hearing all views on the economy the more extreme the better , I dont feel miffed that you hold your views, discussing them helps my own understanding. Todays concern for me is that the DOW , NASDAQ and SP500 are all near all time highs at the top of their short term upward cycles, if they break downward the UK indices will follow and drag everything down here as well, I was hoping to see 7000 plus before that happens. IAG has in addition to being a great share to hold has also been good for the traders and maybe yet another trading opportunity is developing.

A cup of tea and a shortbread biscuit more like , SAC is now out of my doghouse , they were not my worst dog by any means EVO takes that position. In future I will regard companies like SAC doing business in the DRC and similar ex war zones as carrying a lower risk than UK based AIM medical companies . I got into this last year just before they were suspended , its nice to see them rise this way and I feel vindicated for my original buying decision which with hindsight was very badly timed but my research proved to me they had prospects even with the Gairloch loan which is no longer a threat, it just seemed at the time that the BOD had no idea but now they seem to have their act together.

sorry I meant AVM not AVC

Yes I know I have been watching MML drop and following its news but I think theres a strong probability that this the bottom or very close to it . I was introduced to MML by an infamous boiler room, they taught me a lot about gold miners over the four weeks of long drawn out conversations with their chief investment analist before the penny eventually dropped with them and sadly they stopped calling , the price was around £4 at the time, could be they are related to your big issue seller . Anyway they did get me interested in gold miners but unfortunately my first foray was into AVC which although its not done as badly as MML is also sadly negative but I am sure it will also come good.

What you are saying is your take on the economy , so what should I do , shut up shop get rid of my investments , go home and batten down the hatches and grow vegetables ? There is obviously some truth in what you are saying but I dont buy your general theme. From my point of view we have never had it so good, I remember Harold Wilson telling me the pound in my pocket was still good as the gnomes were busy trashing it, then we had the Arab Oil embargo, no power with miners strikes , over 20% price inflation etc and you think whats happening today is worse ? The inflation target is just that its a target, we dont want lower inflation or higher its actually more concerning if inflation goes to nil. Food today costs a fraction of what it cost in 1980 , running a car has never been as cheap if you do what I do and run a banger and fix it myself with used parts and todays bangers are much nicer than they were in the olden times . Chill out ( new phrase I recently learned) and invest in IAG and dont worry about unrest if it happens it happens.

I think todays drop is bad China news affecting miners so they nearly all got marked down. I think 150 or 200 is possible by the end of this year as long as there is no particular news other than steady progress but as we all know with shares they are never steady as she goes.

I think you are probably right. I sometimes wonder how many people read the Right Side and Moneyweeks free articles, probably very few. You can see how few responses they get in the comments section, sometimes they dont even get one comment which must be very frustrating for MSW and her comrades wondering if anyone has actually read their efforts. My problem is that I have signed up to that many free emails and financial webinars and letters there are not enough hours in the day to read them all even though some of it is very good like seekingalpha.

Its a long article but the best bits are always at the end of course : Medusa looks well positioned to navigate the confluence of factors that impacted on its operations during the past year and its share price over that time. Compared to its peers 2014 price earnings (P/E) ratio of 12.6 times, Medusa Mining is trading on a lower P/E for 2014 of 9.5 times. We believe Medusa Mining’s discounted P/E ratio for the year to June 2014 is sufficiently attractive to offset any additional risks in the near-term. This attraction is even more apparent when looking at 2015; the P/E falls to only 4.0 times. Accordingly, Medusa Mining will remain firmly held in the Fat Prophets portfolio. For Members without exposure we recommend the stock as a buy. My own take on the long term chart is there a flag pattern in recent months which when it reaches its point the share price then goes rapidly higher or lower , my bet is it will go higher but take no notice of me, I am a complete armature.

and a good article on FatProphets