UK Stockmarket 2009 and beyond

tradetime

:rotfl::rotfl::rotfl: Great picture as always, yes half day, not much should go on, if we open down here, projection would be for 1085 S&P, it will give me a nice opportunity to sell out some options, and buy some others back.

tradetime

bbc global index is up or flat for the day, not a real index though

As real as any index, depending on what you think an index is, what's in it though is more of a question, if it's half US, that half likely didn't move.

tradetime

tradetime wrote: »

:rotfl::rotfl::rotfl: Great picture as always, yes half day, not much should go on, if we open down here, projection would be for 1085 S&P, it will give me a nice opportunity to sell out some options, and buy some others back.

Ok, latest projection based on futures is now for an open in the 1070 -1075 area for S&P, starting to look ugly. FTSE likely to open in the 5100 area, 5000 test on the cards. Still difficult to guage just how serious this Dubai thing is. US$ is certainly reacting, moved back above 75 as the so called "flight to quality" continues, the biggest impact of that is likely Asian markets as the Dollar carry trade unwinds. Could be bumpy for a few days.

That storm could be getting worse STT

ses6jwg

If she falls below 5000, I'm tempted to go long at £10 a point.

sabretoothtigger

We're nearly back to last week, a full round trip with just a couple of empty cups of tea to show anything ever occured

5336 is the low before dubai announcement on 25th, should be surpassed tomorrow.
The one thing that does change is a decline in the dollar and the pound also as our exchange rate is not going up against them. Its a treadmill really


Im posting a link for anyone into diamond stocks summarising diamond producers and mining companies that hold them.
http://www.mineweb.com/mineweb/view/mineweb/en/page37?oid=93842&sn=Detail

Alot of these bigger mining stocks have prices close to their highs which seems similar to the gold situation in that it appears to be at an all time high but this is not the true picture with a declining currency, so got to try avoiding confusion on this giant treadmill









HDY weakened some more as expected though it jumped today its nothing certain as its low volume, etc

GKP is back to its highs pretty much, that was a real chance to get 20% in days on a good stock. Dont quite get why it fell exactly

Hyder consulting, who do water utility and also general engineering work all around the world are a stock I hold. They were the most battered of all because they have work in Dubai.
This hasnt recovered at all but since I didnt own much, I bought some more as I dont think they will be damaged greatly by Dubai as its just one area.
Previously showed 100% gain for me, not now so much and they go ex div on 9th.
Reported results recently and brokers gave a target over 50% above their current price which I think is realistic, very small company though but not laden with debt as far as I know excluding this latest unpaid dubai work possibly



Barclays have links to dubai, again Im not sure how much a % it is. They just reported a gain on their 20% of Blackrock deal for example, the shares paid rose 25% since June which amounts to billions.
They fell back also and recovered, nice time to buy possibly but I would guess another fall back before any certain rise above 300.

A double touch would repeat this last years history when on 3 separate occasions on different time scales they rise strongly after a double touch. Low dividend but seen as good prospects
The low div is for good capital reasons and the fact the bank is realistic on that is a positive

tonygee_3

tonygee wrote: »

2 scenarios:continue sideways till reality kicks in,January traditionally weak could be trigger.
Or big players continue to pump up commodities till they pop.
Either way No point in holding defensives,they will be either sold to pay for commodities or sold in the downturn

As I pointed out last month the risk of holding is far greater than the rewards(you must have lost 60% of HYC profits:eek:)Anyone buying recently will be losing cash.Only miners propping up FTSE.Last week Dubai(which I suspect will continue) next week something else,certainly after New Year I would expect more 'records' broken,Unemployment,Borrowing,Property Down etc etc

sabretoothtigger

Hyc is only 2% of a portfolio, its such a small company so I dont own much of it. We have different strategies I think, I did sell off a much larger share holding in October for similar reasons to what you mention but I wont sell everything as cash is not safe imo

I did think of selling some HYC when it went parabolic on the chart but my big mistake was really not buying enough at the low to make that worthwhile doing at the high and I dont want to sell them completely as I like the companys prospects long term even with bad uk news


Barc has maybe done its double touch thing, a bit earlier then I expected but it has its own momentum. This might mean it fairs better in rough seas in future, not sure





The market otherwise I think might go down a bit on a shorter term maybe. Oil inventories are up a bit more then expected but also there is jobs announcements to set the tone for a further move up or not as the case may be

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai8QJ2bwyeWQ

It's time to bank profits in the Santa Claus rally

http://www.telegraph.co.uk/finance/markets/questor/6711481/Its-time-to-bank-profits-in-the-Santa-Claus-rally.html

uk_steve

its true Tonygee my screens are more red then blue now

but have a good cash reserve as i am not in as much as i was 2 mths back on my portfolio and i feel very happy with my move for sure to cash in

to be honest i have a lot to thanks to you all because the warnings was coming weeks back from certain members.. i wish i was 100% out but its healthy to have some stocks ,



mind you i did a steve crazy moment on HTT a few days back
(why i have purchased htt is laughable when there is better companys to buy on the market)

all the best all

sabretoothtigger

Hey tradetime someone from usa is asking me what the ftse futures symbol on IB would be ?
Spreadbetting is banned over there I think

[Deleted User]

mmm that questor article swung it for me. Too much dithering in the ftse for my liking just now and so I have sold every last one of my shares. None left at all. I just have the fixed rate bonds in banks and building societies and a cash stash. Portfolio value today was still at the highpoint and I wasn`t going to let if drift away. There is too much talk about a double dip for me to be comfortable in stocks just now