UK Stockmarket 2009 and beyond

cloud_dog

sabretoothtigger wrote: »

Sounds typical of special offers. Unfortunately when I get free trades I tend to buy more which is not really a sound strategy

Who do you trade with now (for stocks etc)?

sabretoothtigger wrote: »

I havent considered the wider picture exactly but I would look at CRB for a general alternative to cash. Much smarter I reckon then the constant calls to buy gold (crb has some gold in there anyway)

So thinking of looking at a fund in this general area seems reasonable to me right now

Lyxor do a CRB EFT in GBP.

sabretoothtigger

I dont trade much. I buy with iii usually and I have an old halifax account who offer free commission days or week even sometimes

Theres some other company who do lse trades for £5 who sound good and also these do £2.50 quarterly every day http://www.share.com/a/share-account-costs.html

I thought they had a holding fee but I dont see it now

Also etrade but they are shutting now except if you open a US based trade account but I think that needs 50k deposit or something silly


I hold that lyxor fund. Very slow mover it seems to be (underlying performance) but slow and steady wins the race


Got lucky on the snp trade (I hold some spreadbet accounts for minor positions) but it hit 1137 resistance and recovered.
It could still go either way, I think tomorrow and the rest of the week might form a turning point but the slight dip today doesnt have to mean anything but a bounce off the ceiling for a very positive market
I expect to be stopped out really

StevieJ

Where is Kittie ? I miss her analysis and, is she in? or is she out?

tonygee_3

Smallcaps being 'explored',must admit slightly tempted but think gains will be limited/shortlived as we approach BUDGET/ELECTION,theres also the SELLINMAY(so we can watch the WORLDCUP&ASCOT in peace)as well as the small matter of DEBT/UNEMPLOYMENT.Thats my take on next few months.
DOW tried to rally yesterday because'it was the anniversary of the crash'..bizarre
Steve,kittie tends to pop up when FTSE doing well,last I read she wasout of equities and into bonds

sabretoothtigger

I remember that from last year and just how wrong it was sell in may and buy back on st levins day or something, more likely to be true this year I guess




Lots of news on GKP apparently. But they need to raise money so maybe a weaker share price despite increasing prospects (maybe depending on politics)

Angry shareholders today blasted Gulf Keystone Petroleum's (GKP) plans for a "significant fundraising" of as much as $150 million.


Analysts at Fox Davies Capital say the extra cash will be needed to cover the $52 million of costs to buy out partner Etamic which has defaulted on their joint venture in Kurdistan.


This is up from an expected fundraising of $80 to $100 million to fund the group's drilling programme in Kurdistan's Shaikan block.


Shares in the Kurdistan-focused group plunged 10% to 84.5p following the news it will buy out Middle Eastern and Asia-focused investment group Etamic after its unspecified "material default".


However, analyst Lionel Therond said the deal was good news for the AIM-listed oil explorer and said it would have a net asset benefit of $225 million.


He said: "In our view this is a very positive development for the company as it clarifies the production sharing contract structure and also contributes a net value increase to our risked NAV. We continue to be very confident on the investment story."

http://www.iii.co.uk/articles/articledisplay.jsp?article_id=10083558&section=Markets

fullstop

Anyone any idea why Standard Chartered (STAN) fell yesterday ex dividend day, but today the shares climbed ?

tonygee_3

fullstop wrote: »

Anyone any idea why Standard Chartered (STAN) fell yesterday ex dividend day, but today the shares climbed ?

It opened 30 points lower but later in day like most financials ticked up,so anyone buying yesterday got a free div

Regarding DIVs,its always a puzzle whether to HOLD and take it or to SELL the day before taking capital gains and foregoing the DIV.Recently MONY hit 76p ex div but fell to 66 next morning( 7p DIV )it soon bounced back to72 but has since ticked down to 68.Large DIVs usually come at a price

sabretoothtigger

Im not sure what the news is but its broken out of its downtrend, above resistance at 16.71 and a retracement and confirmation of this recent move is natural.

Basically alot of people riding it upwards will be speculators not investors so profit taking is normal.

Instead of slowing down at the top as you might expect, these people dump the stock


31% increase in 23 trading days is remarkable for a company of this size. Markets very volatile it seems to me, straight down and straight back up.

Other reasoning would be currency variation since its assets are all abroad in emerging markets. The indian market is very variable, apparently alot of the companies in the index are mostly government owned and do not have liquid floats

lvader

Last year I lost £35K from my pension, since then the markets have rallied and I have managed to recoup all the losses and a bit extra. Now I'm very nervous that I'm about to loose it all again. So much so that I've just pulled 60% of my pot out of equities and plan to keep it cautious for a bit. My other worry is that I think the current US$ strength is unsustainable and we are likely to see big currrency excahnge swings. Any thoughts?

cloud_dog

My focus is very much resource biased but....

Whilst I think (from my perspective) stocks (and commodities) may take a short breather nowish, I think they will then continue rising until..... they drop. Its at this point that I will be looking to take some money off the table.

But, as always, its a wait and see.