Member Info for Redtom

I hope you're right Ken.
I have no idea which direction this is going....

I think we will be back in the 290s today ;-(

Very poor results

I'm looking at a 1-2 year window if need be but I would accept a modest profit in the shorter term if it appeared.

Ken,
Going back to your message trail re CNA, I take a slightly different view.
This is a hated stock with a history of a fairly broken business model.
Add in the introduction of the Energy Cap and this has been slaughtered.
But the Cap will actually help it retain customers.

I take a contrarian view that this downside has been over done and that we are at or close to the bottom. There is value within the various businesses of CNA but it is unloved.

I think that the downside from here is much more limited than the potential upside.
This could be a takeover target too. It was looked over by suitors 3/4 years ago when the price was 300p. At 100p this could look attractive.
The Board need to sort out their vision and revise the business plan (easier said than done) but this is a giant with potential (In my opinion only).
I am building up a stake and adding every time it dips. Time will tell.

Any one else having problems getting live prices on their HL platform today?

plumbus,
It goes ex-div tomorrow.

Morning all. Hope you all had a great 4 days.
The dip this morning allowed me to get back in at a reasonable price.
Hoping this continues its recent rise into the ex-div on Thursday.

Decided to sell at 339p. Good luck and have a great weekend.

I would be interested in people's view on closing SP today too. I bought a trading slug this morning and I'm not sure whether to sell or hold. long weekend makes me nervous too.

Be careful with PFC. A big fall makes me suspicious that bad news could be on the way (ie there is an information leak). I'm probably wrong but I've been caught by PFC in the past like this.

DT/Billy,

It is because everyone thinks it is a total dog of a share that it sits at a 20 year low. But with its terrible and overpaid management, can it fall much lower? Or is it a potential takeover target or turnaround play?
So my thinking is that this can't get any worse reputationally so maybe it has an opportunity to recover.
Divi must be cut soon but this will be a positive in my opinion.

I'm buying so sorry in advance of taking it lower for you!

Tom

Ken & others, what are your currents thoughts on Centrica?
I'm thinking of a contrarian investment strategy with this one. Is there anymore bad news that is not already baked in?

Ken,

I agree with everything you say. I'm much more comfortable trading Glen than holding it.

Tom

Getting a bit nervous of the markets. Glen seems to have hit a bit of a ceiling around the 332p level so I sold 2/3rds of my holding. Think there could be dips in near future even with ex div date next week.

Aether,

That is a brilliant and detailed post. Thanks for your time in summarising your TA techniques.
But you're bang on about doing research and testing.
I will have more time to do this soon and I will do my homework.

Thanks again Aether - much appreciated.

Tom

Aether,
I don't have L2 and nor do I use TA.
I tend to go by gut but I guess I am subconsciously using TA as I tend to react to trends and memory of how a share has behaved in the past.
A bit hit n miss but has served me well over the last 12 months.
Whilst 'Greed is good' when share-dealing, taking both profits and losses is proving to be working OK for me.

Can I ask how accurate you have found Bollinger Bands, MACD, Fast Stoch etc as I'm taking this up full time from the start of June and I will need to have a more scientific plan? Thanks

Aether,

I'm still in Indivior & GVC, albeit I finally recouped my huge losses in GVC and reduced my holding.
Pete is doing OK and he eventually bought back into GVC at 536p so he is seeing a nice blue screen!

Sold a small bit of GLEN that I bought yesterday but unsure what to do. I'm surprised at today's strength and can't quite work out what is driving this given there were a couple of Broker downgrades this week.

Scoop, why would the 'normal drop' be 4%? I would expect, like most shares that the drop should match the divi (ie 2.3%) but then be subject to normal market movements thereafter?

I did say that when I bought back in it would fall substantially. You were warned.... ;-)