UK Stockmarket 2009 and beyond

uk_steve

tradetime wrote: »

Sorry, Federal Open Market Committee, often referred to as the FED for short, aka US Central Bank, responsible for monetary and fiscal policy. The equivalent of the Bank of England and the EU Central bank, but with a wider remit.

cheers for that

tradetime

:rotfl::rotfl::rotfl:Hehe, they love Ben.

Yes we have the makings of a reprieve for the bulls at the moment, I would be more bullish if we took out y'days high, but you gotta work with what you got.

080 - 085 remains key support on the downside, small resistance at 1105 on the way up, more significant at 1115.

tonygee_3

Not suprisingly a small bounce for Banks and miners today since they have been hit hardest.Not convinced they are bargain material just yet.
Snapped up a few retailers(small stakes)as they are earning and paying good divs,unfairly hit and simply out of favour at moment.
From the tables,there are legitimate reasons for a lot of the biggest fallers so avoiding those for time being.

tonygee_3

Secret is to pick up GOOD SOLID companies at a knockdown price due to market panic.Not DROSS that has been battered due to poor performance.
Its not youre timing thats an issue steve(last week may prove a good entry)More your penchant for AIM listed and other HIGH RISK trades.You must have close to 100k of the stuff!!Hope it works out for you,but personally I would only hold a very small % in my portfolio.
Kittie,am I right in assuming you spent 35-40K on XTA?

uk_steve

I respect your views Tony

i have been lucky over a period of time

could be my time is up on AIM, who knows yet buddy,

i have always said in my head the end of 2010 will be the last period i will do what i have been doing since starting out last year unless the 2nd dip crash comes as some still think could be the case

back to what you have said already

I have been doing High Risk punts on The AIM i know i have Tony


in my heart i hope i make it ok but its not the end of the world if i don't

i have always done the stock market episode,what i can lose without causing me hassle in life

maybe thats my downfall because the way i trade,we soon see i am sure

little bio from me

in my life the money i seem to lose is trusting so called friends in my life, ie my good nature and heart always gets the better of me when someone presents problems and i get drawn in to their spill and basically it was all toffee just a way to get my money what i have earned myself over the years

last year i thought sod it if i am going to lose money i rather do it myself also started to breakaway ties from certain people



with what happened in late 2008 with the stock market it made sense for me to try the stock market


back to my head/thoughts about 2010

i still see in my experience

little experience between some of you folks on here i know!
thats why i love reading your posts and thoughts even i don't reply back much these days i am looking 100%

i still see some good returns on certain company's but this will not last for ever

ie the recovery period of the crash thats why in my head the last part of 2010 i will be more stable as the market does the same


speak soon im sure;)

ses6jwg

Hello all, still here and still holding.

Current positions:

Gulf Keystone Petroleum - 4,000 shares @ £1.04

AMINEX - 13,500 shares @ 9.1p + £100pp long @ 13.6p (S/L @ 10)

Booker - 4,500 shares @ 48p

In the ISA we've got:

Blackrock UK Abs Alpha
Jupiter Financial Opps
Ishares UK Property REITs

tradetime

uk_steve, I wish you luck, hope your trades go well. I know nothing about the companies you are trading, very little about any companies to be honest so I have nothing to say on that.
I will just say, for your consideration (which of course you may know anyway), successful players in the market share many things in common, but one thing they all share, be they scalpers, daytraders, swing, position, or even investors, is risk control. Their methods of controlling risk may differ, but they all employ risk control. It's probably the single most important element in trading. Traders who don't control their risk are simply one or two trades from a wipeout. A real risk to all traders as we experience success, is to lose sight of that.

tonygee_3

Jeeez,that 'bounce' was short lived,dropped thru 5200 like a stone!

ses6jwg

Time to move a few K from the instant access into the investment account I feel....

tradetime

Big battle over 1080 currently, I see FTSE 5200 gave way also. If 1080 cannot be reclaimed then the next intermediate target is likely the 200 ma currently around 1011