UK Stockmarket 2009 and beyond

tradetime

Thanx JonnyB, we are all students of the markets no matter how much we think we know. It is an ongoing learning curve and our teacher punishes mistakes with extreme prejudice. Widely recognized as one of the greatest traders who ever lived, Jesse Livermore, went bankrupt several times in his career before finally taking his own life.

bobbyj_2

HOC looks the best bet for a silver play imo.
Manged to get COV at 29p this morning, can see a run up again in the morning on these, another GKP coming up?

ses6jwg

bobbyj wrote: »

HOC looks the best bet for a silver play imo.
Manged to get COV at 29p this morning, can see a run up again in the morning on these, another GKP coming up?

Hard to say, probably priced a lot of it in today.

I see it a lot with AIM shares, hit the paydirt big rise then sustained fall for weeks afterwards. AMC did it.

Check out Solo and Aminex, both have a farm-in with Tullow Oil who are drilling a well in the same Rouvama Basin as Cove, albeit onshore.

Results of drilling due next week.

As always, do your own research etc.

tradetime

HOC looks the best bet for a silver play imo.

Possibly, was asking about that one the other day, some folks here like it, but I don't do individual stocks, so I figured I'll stick to what I know.

bobbyj_2

re COV

If you research what they've struck at just 480ft payload then you can see the potential is incredible so I think they may run and run like GKP the deeper they go. They've also got loads of cash as well as 20 mmboe from it's interests in Tanzania! Get them researched but potential blockbuster is little ol COV.

tradetime

US FED raises the discount rate after the market close, in a first step towards it's exit strategy.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aap46R7FoX8E&pos=1

US Dollar Index enters my target area 81-82 a little early, given that I would revise my target to 83

sabretoothtigger

All todays gains on american stocks just got wiped out (after hours) by news from the Fed

4:30p Fed discount rate hike effective Friday 4:30p Fed says discount rate hike not tightening 4:30p Fed raises discount rate to 0.75% from .5%

http://www.marketwatch.com/story/fed-hikes-discount-rate-says-not-tightening-2010-02-18?siteid=bnbh


Seems volcker was not just a showpuppet



Hoc hasnt risen as much as Fres so in a way its disappointing in the short term but I think all these gains could reverse for reasons like the above news.

GKP I was thinking was maybe worth investing in whenever market is estimated to have bottomed, it was always going to be volatile and risky though it sounds like you guys know more about oil explorers then me. How about HDY ?

US Dollar Index enters my target area 81-82 a little early, given that I would revise my target to 83

Looks like US dollar has finally beaten that resistance and should build from here? Today especially the market seemed to be ignoring dollar strength because of options expiry chicanery apparently

tradetime

Looks like US dollar has finally beaten that resistance and should build from here? Today especially the market seemed to be ignoring dollar strength because of options expiry chicanery apparently

Yes it seems we are breaking out of another flag which targets 83


Will have to see if the breakout is confirmed or just knee jerk on the news. The raising of the discount rate itself is not all that significant, it's more a symbol, a hint from the FED that they will act promptly when they feel the time is right. There was also a big bond seller today which spooked the Bond market on speculation that the FED may have been unwinding some of their position. Could just as easy have been China.

Love that poem btw, one of the greats imho

Quote:
Do not go gentle into that good night.Rage, rage against the dying of the light

Ifts

JonnyBravo wrote: »

:think:
Thanks for your ongoing education of us all though ( I suspect it's not only me..... God I HOPE it's not only me!!!!)
:laugh:

+1

Its not only you, even though I don't post on this thread I for one do read through regularly for other peoples views on the markets and their investment style/strategies, very educational and not forgetting the funny pictures from STT

Thanks all for updates/advice

sham63

I'm another regular reader of this very interesting thread - also don't understand what I'm reading most of the time!

I have a very simlple approach to 'investing' - I buy the ishares FTSE ETF when I feel the market is down and sell when its up. This is simply to beat the return on cash so I'm happy with anything over 5% right now. I know I could be more active and possibly make more profit, but I'm quite risk averse - and I know that the FTSE won't issue a profits warning or go bust (well it might but then we're all knackered!)