UK Stockmarket 2009 and beyond

oscar52

tonygee wrote: »

iii and selftrade do £1.50 (monthly)trades
BIG downside is you dont know what the shareprice will be
Personally not for me,also you could be pumping monies in for 3-5 years in which time markets could be worse(as Unemployment,Debts etc unfold)

Yes,saw these. But as you say above, no guarantee. TBH, was ooking for more of an account like Seelftrade used to be - IE hold your shares for free- andhave the option of a further investment / punt if wanted. Dont really have the funds for regular monthly investment.

turbobob

As far as I know iii, Halifax etc. don't charge you to hold the shares. If you want to place ordinary one off (rather than batched) trades then I think its £9.95 a time

tradetime

tonygee wrote: »

BOOOOM!! and down she goes;)

If you get offered 10,5 0r even 3% profits(annual savings rate!!) then cash in,dont expect a bull run for a while

Yes sweet run, be nice to get soem decent downside follow through to run full size short positions.

tradetime

oscar52 wrote: »

Yes,saw these. But as you say above, no guarantee. TBH, was ooking for more of an account like Seelftrade used to be - IE hold your shares for free- andhave the option of a further investment / punt if wanted. Dont really have the funds for regular monthly investment.

Interactive Investor, iii already mentioned, will charge a £10 flat fee for trades on London listed stocks, no admin fee, or no inactivity fee.

The portfolio builder is just another option should you choose to use it.

sabretoothtigger

tradetime wrote: »

Hey STT, what's your timeframe on that, intraday or longer?

The 1105 area previous resistance seems to be acting as support at the moment. I added to swing short from Friday at pre-market highs, for an average 1110 averge on futures, have since dumped half @ 1105 to drop some of the risk

1105 was a good call, we've now swung back around and so its become resistance, maybe!


Spotted an interesting symbol today, VXX shorterm futures etn for the Vix

tradetime

sabretoothtigger wrote: »

1105 was a good call, we've now swung back around and so its become resistance, maybe!


Spotted an interesting symbol today, VXX shorterm futures etn for the Vix

Yes 1105 acting as short term resistance, 1115 remains the more significant level for me, we have been operating in a rising channel which originally started life as a bear flag, support and resistance from the channel, new down trendline and price levels are converging. The levels have worked well as a trading guide. Overnight futures are testing the lower channel support. We should get resolution of the range soon.



Yes VXX has been trading for a while now, think it was introduced as an ETF about a year ago, useful hedge against volatility perhaps. I haven't used it, nor looked at how effectively it tracks.

cloud_dog

tonygee wrote: »

Hope youve traded HOC,cloudog,been a nice couple of 10%s to be had with that one.

Tony, wrt HOC its not my style whilst I am building a position (am happy for it to ebb and flow so as to facilitate a fully invested position in a stock).

Wrt FRES / POG I have my position and do tend to trade 50% of my investment so as to (hopefully) realise profits and gain on the slump (when I buy back in). I tend to stick with stocks I have reaserched and trade in / out 50%.

EDIT: MXP has been doing very well recently considering the negative sentiment in the market atm. I'm hoping with their drilling schedule this year, farm out, and possible acreage sale the sp will continue to rise. Will more than likely be very volatile.

marvin

III and Halifax are the same thing, III resell the Halifax platform and surprisingly Halifax charge more for it, well they have debts too pay.

You do not need to put in every month as you choose the dates you invest and how much you invest and when the money is taken from your account on the date you chose, this can also be changed. It is possible for you to log in and change the investment dates so you choose when the money is available and you can even deposit immediately through your debit card.

This is useful when you have the money to invest and either the price does not matter orstays the same a lot. You can only invest in LSE main markets so no good for AIM or PLUS quoted shares.

You deposit the money, chose the investment date they buy the shares for £1.50 rather than £11.95 (Halifax price).

One down side is that they allocate fractions of shares so you can end up owning 2, 254.6577189 shares! Really annoying as far as I am concerned.

The shares can be sold when you like for the normal fee (less than £250 value £5 and £11.95 above that.) there are no fees for not investing in ny month nor for your holding being held.

JonnyBravo

cloud_dog wrote: »

EDIT: MXP has been doing very well recently considering the negative sentiment in the market atm. I'm hoping with their drilling schedule this year, farm out, and possible acreage sale the sp will continue to rise. Will more than likely be very volatile.

Agree entirely. Interesting next 3 or so months with the farm out of the deeps being crucial.

cloud_dog

JonnyBravo wrote: »

Agree entirely. Interesting next 3 or so months with the farm out of the deeps being crucial.

I think end of March is for final responses so, whether we will get confirmation soon after then I'm not sure. MXP are not very good at the PR side of things and previously have been dire around meeting commitments (although new management has replace the previous incumbents).