UK Stockmarket 2009 and beyond

tradetime

Your VIX chart looks like the time period was carefully selected by whoever originally posted it to support a viewpoint. Here is a much longer period of VIX : SPX and I think you might agree things look less cut and dried



Not sure about EUR/YEN, but sooner or later the inverse Dollar : Equities has to decouple and we will have up Dollar up equities for a time, none of these relationships are set in stone, to some degree this is already happening.

Interesting, just when things were looking boring we get outside reversal days on SPX, Nas, Transports, and Russell. Should make for an interesting day tomorrow

tradetime

Amusing mention on Bloomberg today re Greece claims that nasty speculators were using CDS to short Greece, turns out according to an Athens based newspaper Greece was shorting itself! The Greek central bank had a large position in Greek CDS's and made $78 million :rotfl::rotfl::rotfl:

bobbyj_2

"""Quote:
Originally Posted by sabretoothtigger
The chart for TMC looks good, if anything I wonder why they are cheap must be good reasons and they hold a net cash position ?

The mine basically wnet in to care and maintenance mode after the CC, therefore they are not producing therefore the SP reflected this. As bobbyj says they are undervalued and a price target of 91p is not unreasonable (I think they could go much higher but....). They are in going through the courts with one a customer who cancelled their off-take agreement which may play on the SP (although I think TMC will come out alright.

The recent run up is likely to be due to the re-commencement of mining.

Edit: sorry for the essay.

Edit, Edit: Meant to add, re TMC, the company is valued at £14m and they are sat on approx 2.75m tonnes of nickel (their share). Current Ni price just over US$10 per lb (2000lb to the US ton) equates to US$20k per ton. The maths looks great, they just need to deliver."""

Look at this:

http://www.asiaminer.com/magazine/latest/9-philippines-nickel-mining-may-resume.html

Once announced we should see TMC really take off.

nessjw

Hi, thanks for the homework, it helps to reinforce that....lm not bothered about TMC dropping, lam in for a longer term, and filling 'my boots' on this down trend..... everything seems pretty positive...my faith in HAWK was realised today...probably bleeding nose dive fri lol!!....as lve said...l'm not a creamer..more long term...so boring..but steady..:)

sabretoothtigger

ses6jwg wrote: »

Good to see another GKP investor in here!
I bought in at 34p then sold at 78.8p, so bagged a couple of grand profit which I promptly stuck in a property fund within an ISA.

I only started in the stock market in May and have limited myself to a 6k exposure.

I have recently re-bought using my original stake @ 70p and I am anxiously waiting news.

Current stocks I hold

Jarvis @ 23p (Held them for months at 14p! Then sold to buy GKP, never mind, still think they have some way to go in the medium term!)

uk_steve wrote: »

Jarvis seems pretty good actually but sadly i missed the boat to join in

when big jumps like that happens it does put me off in joining in, i did this with AMC months back. i may keep an eye to see if it moves back 17p ish i may enter but not too fussed to be honest...

i am so glad i did put a bit of money back in the stock market because there is a lot of blue screens at the moment
and looking at all my ltd orders to buy are looking very low in todays market price on shares.

Now i hope Mr Bear dosnt come soon reason being i am happy to be in at this stage


Tradetime that Bear dancing is excellent ;-)

uk_steve wrote: »

Just been looking at Jarvis

can someone please explain this price chart?? why the heck has the price over the 10 year period been so diffrent?? is that real up and down prices?



http://bigcharts.marketwatch.com/charts/big.chart?symb=UK%3Ajrvs&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=128&size=3&state=11&sid=2080317&style=380&time=13&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=6251&mocktick=1

Just thought I'd follow this up as I just read this :

Rail maintenance firm Jarvis (JRVS), chaired by former Tory mayoral candidate Shagger Norris, reached the end of the line as it announced that it would enter into administration, since it has been unable to secure additional backing from lenders. The group warned in February that an operating loss of 5 million pounds would be sustained in the year after difficult trading conditions had been encountered. The shares were last seen at 9.4p.

Lucky escape!


http://www.telegraph.co.uk/finance/newsbysector/industry/engineering/7523511/Jarvis-calls-in-administrators-after-banks-refuse-to-help.html

Cuts to Network Rail's budget led to a sharp reduction in track replacement and upgrade work offered to Jarvis, with the contractor receiving only £140m of business in the year to April 2010 – half the amount in the year before.

One the companies I hold has some consulting work on the rails, hopefully its more diversified to be too effected

bobbyj_2

re TMC, nickel flying overnight and around $10.50 lb. TMC was around 140p last time Nickel was at this price. Looks astonishing value now at 35p, good things to come there. I'm looking at a couple of other Nickel stocks but given their resource it's hard to choose anything over TMC (see below). Had dinner last night with a former school friend and now a forex trader, gave me a couple of 'tips' what he says 'spivs' were pushing around town, one was VST of Canada which apparently is ISAble. I'll have a butchers today.

Rank...Project........Country.....Owner......Ore-Type... ...dmt.....Ni %.....Ni-Kt
1......Koniambo........New-.Cal...Falco.......Saprolite.....311.....2.12%....6.59
2......Goro-Nickel.....New-Cal....INCO........Lim&Sap ......296.....1.63%....4.82
3......Sipilou...... ..Ivory-Co...Falco.......Limonite......258.....1.46%....3.77
4......Berong..........Philipp....BNC.........Lim&Sap.......275.....1.30%....3.58

Berong is where TMC are majority shareholder.

cloud_dog

Good start to the day, has blasted through the 36p resistence level, next test is the 40p/41p level then 44p.

I think we will need more news to ensure the price keeps going through the support.resistence lines, i.e. court case, customers, shippments, etc,etc.

tradetime

Troublesome day today, as technicals on US indices call for shorts, in a market that quite frankly has been toxic to short positions, traders would look to sell from the low to mid 1170's. Target mid to low 1150's support expected around 1165 (cash index values)

cloud_dog

sabretoothtigger wrote: »

Took up Sarasin agrisar and investec resources .

Interesting article here regarding potash etc.

Doing a quick review of three agriculture themed funds:

• Sarasin AgriSar
• CF Eclectica Agriculture
• Baring Global Agriculture

It looks as though CF Eclectica Agriculture would be the one with the heaviest current exposure to the chemicals aspect (potash, nitrogen, etc).

Having said this.... Barings seems to be the strongest performer over 1 yesr and CF is the weakest, although CF appears to have come good on a 6 month comparision.

bobbyj_2

something going on at KDD, they are in talks and rumoured approach around 22p, (now 12.15p to buy). Huge diamond resource this one.