UK Stockmarket 2009 and beyond

uk_steve

tonygee wrote: »

Sorry to hear about RLX Steve,but if you target dross this will happen.
You would think in this enviroment Debt Management would be GOOD buisness,
Another struggling MDCG today,just shows how tough it is out there.
Sabre,I thought BAE was a buy at sub £3 but higher NOT,lots of issues..Pension liabillities,Court Action,Defense Cuts etc

No dramas Tony its another lesson

but did take note of having a wide portfolio;)


actually today i got back 80% of the loss in 1 day



sold a few today all in blues some big some small

call it a pre winter clear out;)





WKP
WICH
GRL
LLOY
NTG
CAP
HAWK

tradetime

tonygee wrote: »

FTSE still going sideways(has been for a few weeks)
Only way is DOWN now in my book
Just cos cash has been thrown at it doesnt mean everything is ok
Banks arent lending(or at high rates)People arent spending
Hence more RI,today JJB yesterday LAD.

First off, you could be right, you "Know" as much as I do, so does everybody who posts here. Economically I also agree with what you are saying, essentially we're still in a mess. The market however, doesn't always see things that way.
Personally from my experience, there never is an "Only way" The correction attempt US wise has once again failed, the tentative downtrend that was established with a lower high and lower low was not confirmed, and it turned out to be a bull flag, Fridays action negated the lower high on the DOW and S&P, Nasdaq again is a slight laggard and is at the lower high now, giving a small concern, but a positive Monday would remove that. Next upside target and risk area will be the possible double tops @ S&P 1080, Nasdaq 1755, and Dow 9918. If we can clear these areas, then my original upside target is back in play S&P 1120 - 1158.
Early indications suggest earnings will be reasonable and thus will not have any major adverse effect. So I would not rule out the possibility of this market moving much higher in the short term. I do think my target, which has been above much of the mainstream consensus, but below the permabull figures being thrown around, does represent a technical level where the market could turn without too many people expecting it there, so I will stick with that as my personal expected top for this move, to that effect I have sold out covered call options in that area, and my swing long positions would be called away if we blow through it. Best way to take it imho is one leg at a time.

I would add, that although general sentiment indicators seem to show an overly bullish sentiment here, there still seems to be a conflicting amount of short term pessimism which is making them less useful, the one caveat to that is the US$ which has an overwhelmingly bearish sentiment. If the inverse relationship between the US$ and stocks remains, then that could be the catalyst for a stronger near term correction in both equities and commodities.

turbobob

sabretoothtigger wrote: »

http://wallstcheatsheet.com/breaking-news/economy/jim-cramer-and-thestreet-com-hit-low-with-psychics-as-stock-pickers/?p=2488/


Its the new TA

:rotfl: $500 an hour for that? I need a new career :rolleyes:

sabretoothtigger

Scary thing there is at the start he says citigroup 4,5,6 by end of summer. That is a fairly massive range for a company with 11bn shares but still he wasnt far wrong :laugh:

I think I'll review the physic cat stocks from autumn last year and see how those companies are doing


its a bit like horoscopes, I dont really believe in them but it is another line of thinking. Sometimes it can give ideas just so long as a bucket of salt is added, so I'll consider anyones point of view tbh




Watchlist additions:

SVM - yankie silver miner mr schiff says is worth a look (1% yield)
cw.l - cable & wireless, good yield any reason why no one likes them anymore
rmv.l - rightmove as often quoted on these boards for housing info. These last two were listed by motley fool at some point

sabretoothtigger wrote: »

Also another article I read in www.thismoney.co.uk was about the newspaper vs a trader vs a cat for share picks




http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=456989&in_page_id=3

When I checked 6 months after the article the cat had won!




Also theres questor tips, they mentioned pog and ladbroke recently

turbobob

Quite impressive picks by the cat

sabretoothtigger

Cat didnt just get lucky, he took more risk.
Majority of the 'picks' are commodities so he wins on profit and fails on risk management bit like the person I know who bought 10k of barclays of shares and doesnt own anything else apart from a house, its hard to say they should have done it any different


Along with cash calls Tony mentions, Mr brown is apparently selling the Tote and other assets. Not sure how that affects gambling shares or possible legislation

Its bound to have some impact on the market open if the news is true

http://news.bbc.co.uk/1/hi/uk_politics/8301787.stm

uk_steve

turbobob wrote: »

quite impressive picks by the cat :d

^^^^^^

:cool:

sabretoothtigger

Usa earnings this week are
intel after the bell tuesday,
Jpmorgan before wednesday open,
thursday Goldman sachs
Friday Bank of america


http://www.youtube.com/watch?v=Uc4F0Pz-d2I&feature=player_embedded

uk_steve wrote: »

Sorry Sabretoothtigger it was RLX

CHAR was actually me being nosey on other peoples portfolios

what i do is look at 2 stocks a day this way
this was the 1st i liked when i back tracked the company news and its potential also it has a new CEO

also i know you like charts the chart looks a nice shape IMO

Seems you have good luck to match your bad, Char is up 25% today. I cant understand why it would rise suddenly or they were especially devalued but I guess you were right on the chart , I could see that much

Also seems they had similar cash in the bank to their market cap and not much debt or liabilities ? That makes a good case
http://www.digitallook.com/news/rns/3054602-1612745/CHAR-Board_Change.html

Silver prices have rallied nearly 56.01% in the year to date

Platinum has rallied 43.46% in the year to date

Copper has rallied 97.88% in the year to date

(Source: Bloomberg, correct as of 9th of October 2009)

tradetime

Yes, a few big names to report this week, there is little to indicate that earnings will come as any sort of disappointment to the market, though there will doubtless be a hiccup here and there.
Throw away day in the US as Banks and the Bond market were closed, leaving us with the second lightest volume day of the year. Market actually held up quite well considering the bulk of the traders today would have been retail, and on the whole they are net bearish. So we still need to see those double tops taken out

uk_steve

Hi Sabretoothtigger
that was a nice bounce with CHAR
with what happened with RLX i short out today to bank the profits

CHAR was a bigger holding so the profits totally wiped out RLX by x2

so i am very very happy with that today

the stock seems to be a good price i will keep an eye on news in the next few weeks i may re enter

---

1 other i think has a lot of growth but the chart is a mess due to RI for debts

SBDB

the main reason i think this is worth a look is the big boys Qatar Holding

are big players in Barclays, Sainsburys, London Stock Exchange have now become 25% share holders over the weekend 350 million pounds and are on the board of the company

news below

http://www.marketnewsvideo.com/?id=200910Qatar101209&mv=1