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Having a red day at the moment. The whole market is. No reason. Had a blue day yesterday so it fancied a red one today. I have always found it strange how market sentiment just ebbs and flows for no reason - just sentiment based on the faintest of breezes
I suspect these are more valuable than lottery tickets though I still buy one most Saturdays - you never know. I reckon I will still be doing so when these are about £20 :-)
Daft as it sounds I actually think IBST has done quite well considering. Apart from the normal ups and downs I think we have had the big retrace. IR wont be going up even if they dont come down (which they are likely to). Most estate agents are reporting better than expected house sales and which ever angle you look at it from England is overcrowded and in desperate need of an increased housing stock. My opinion is that it will take another major negative event to halt a fairly sustained rise next year - even the usual useless Labour govt cant be more useless than this one and in any event they are unlikely to damage house building. I added to my holding recently in anticipation - thats the only blot on the horizon :-)
No problem rhino they are both as useful for predicting the future. By the way my records tell me that this time last year at the xmas break we were 151.7 so the 8.9 p divi is a 7.2p profit :-) so the year has not been a total waste.
know nowt about charting - its always seemed a load of old ****** to me - though obviously some folk are into it big time and swear by it but if they predicted a retrace then so far my view appears to be correct because we are now higher than we have been since august.
my tea leaves tell that there will be a retrace at some point and that that is more likely to be next year rather than this. tetley's for those wanting to know my secret.
Whats that mean 'Its a sham'
Its only taken you 12 months then and a large decline in the sp for you to inform of us of your skill/luck. Genius I call it
Never mind interest rates chaps. What we need is a noise from govt about a house building programme 1960's style then we will rock
Yep upwards is good enough
Channels is what its all about. Rising channels, falling channels. Short, long and medium channels. English, Irish and Bristol.
Tanking again :-(
Easily call up 10 m troops. Do you reckon? Equipped with??
30, 000 tanks. Nonsense. No where near. But your argument is fairly valid I would think.
Im not greedy. Just upwards will do me !!
It could well be the noises that house prices are holding up quite well and considering that mortgage rates have probably peaked and the existence of mortgage wars. Seems to be dependent upon what you read. One (I think it was Right Move) was expecting a bit of a spike in sales after Christmas.
Bit of a spike. Summat afoot?
Certainly frustrating. Hopefully upwards but its going to take some positive, forward movement of construction which may be next year if a bit of confidence returns to the housing market. Some promising noises coming out re the mortgage supply. IBST are in a good position to take advantage. Its easy to understand why there is no enthusiasm at the moment for the short term but if you are confident in the medium term -as I am- then this is a good price. Indeed I bought a few more this week
Comical. Headline in DT Business
Oil Price climbs as Opec agree to cut production
Header in DT
Brent Oil -2.5%
Reference?
Whats the cause of todays pre budget slide after a promising few days?
Exxon, Chevron etc not fared much differently over the last 12 months