UK Stockmarket 2009 and beyond

JonnyBravo

sabretoothtigger wrote: »

Just looking at EMED and wondering if its set to continue. Stochastics daily have bottomed out similar to July when it rose 25%, I dont normally use that indicator but I think it can give a clue to momentum sometimes
I have an uptrend around this price and fib level from the bottom to top show a 61% retracement is here. Is that enough mumbo jumbo to justify a rise, who knows.
Also 8p is long term support roughly as most of the company is owned by just half a dozen holders.
They signed off like 1% shares at 5p recently and got an insurance permit for a dam, so tumbleweed type news

EMED is a strange one.
It's a binary play.
Permits=Large rise
No permits=more dilution at a terrible price.

Someone is selling lots of shares. Does someone know something? I'd guess so.... question is, is it news on permits or news about fund raising on TSX?

turbobob

sabretoothtigger wrote: »

Just looking at EMED and wondering if its set to continue. Stochastics daily have bottomed out similar to July when it rose 25%, I dont normally use that indicator but I think it can give a clue to momentum sometimes
I have an uptrend around this price and fib level from the bottom to top show a 61% retracement is here. Is that enough mumbo jumbo to justify a rise, who knows.

LOL Well looking at that share it looks like a lot of volume came in at the end of the day, pushing the price off the lows, and that 7.5-8p range has in the past acted as a support level. But DYOR etc.



In general, over the last few sessions volumes have picked up significantly, and money seems to be flowing back into some shares that have been heavily sold over the last few months - BAE, EMG, WOS, AU., various mining companies etc. etc. It does look a bit more positive for the time being.

blinko

a tip not from me

Pele has been ramped so badly. Look at my SXX tip from a few days ago...was 4p, now 8p...soon to be 50p

Also a share to hold for next week is Sterling Energy, they are 122p, and are testing 1500m of their block in Kurdistan for oil. They have oil seeping through the surface there. Any confirmation (expected 10 days from 31st August, ie next friday) of oil will see this double in an instance!

turbobob

FTSE just jumped nearly 40 points in a couple of seconds following jobs numbers.

cashbackproblems

blinko wrote: »

a tip not from me

Pele has been ramped so badly. Look at my SXX tip from a few days ago...was 4p, now 8p...soon to be 50p

Also a share to hold for next week is Sterling Energy, they are 122p, and are testing 1500m of their block in Kurdistan for oil. They have oil seeping through the surface there. Any confirmation (expected 10 days from 31st August, ie next friday) of oil will see this double in an instance!

Your not the only one to point out sxx, iv been in them for 2yrs now and slowing (or shud i say quickly) seeing my losses get less and less! Looking for another big push this arvo when the us markets open. 8p by EOD would be brilliant.

blinko

why were they heading up ?

i dont fancy small caps at all if so i would go via unit trust but my friend loves them

sabretoothtigger

blinko wrote: »

Also a share to hold for next week is Sterling Energy, they are 122p, and are testing 1500m of their block in Kurdistan for oil. They have oil seeping through the surface there. Any confirmation (expected 10 days from 31st August, ie next friday) of oil will see this double in an instance!

Oil seepage sounds obvious and it could be in the price. I was watching a movie the other day with daniel day lewis and he kept saying in it that seepage is no indication of drillable oil though he was a bit of a con man so maybe that was less then true

I would defer to the chart for common sense most times.


SKR doing well again today, it didnt hesitate at the 200dma which must be good. I would normally sell about now but its not at my 30p target, I will double check that I guess .

Russia banned wheat exports till end of 2011. That might be the main factor in the rises though this mine probably wont be ready to help with that anyway.
That'd make it a pretty temporary rise i guess though its a good share anyway I think

FTSE skipping around on good numbers. 9.6% unemployment rate expected and given
Non-Farm Employment Change -54k instead of -100k expected so a beats forecasts a bit

Crude oil appears to be breaking out. US Dollar index is not breaking down especially.
Im told the euro will rise a bit more, yen is alot weaker vs the dollar due to jobs but Im not that optimistic overall, holiday weekend will keep share prices up I guess


EMED is back up but retracing all the way down to 7.88 like that makes it a failed move I think and Im less optimistic it will continue to gain now. More likely sideways :undecided



adjusted charts for sterling, the majority of volume/sellers is around 170 I think. support since may 113

http://img72.imageshack.us/img72/9843/2bigchart1.gif
http://img808.imageshack.us/img808/5751/bigchart.gif
http://img251.imageshack.us/img251/1185/3bigchart1.gif



Uploaded with ImageShack.us

StevieJ

I am normally OK at picking out stocks and funds but one I seem to have completely misread was small company funds. I sold Standard Life smaller companies and transferred to Artemis strategic assets on the belief that smaller companies will be more dependent on the UK economy and thus more at risk from the cuts. The SL fund has outperformed since but will I be proved correct in the end? Mind you this fund is run by a very good fund manager.

http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/s/standard-life-inv-uk-smaller-companies-accumulation/charts

blinko

NOTE THESE ARE SMALL CAPS AND RISKY YOU CAN LOSE 100% EASILY

Next week keep a lookout for GKP especially: Expecting news about production from their main well in Kurdistan. A breakout into the 130p+ region beckons.

Also GCM should hover up to the 210-220p mark.

SXX might retrace back to 6-7p range and consolidate for the week.

Next weeks tips are GKP and GCM. (SXX in the background)...Keep an eye out for Blinkx, they might hit the £1 mark

turbobob

StevieJ wrote: »

I am normally OK at picking out stocks and funds but one I seem to have completely misread was small company funds. I sold Standard Life smaller companies and transferred to Artemis strategic assets on the belief that smaller companies will be more dependent on the UK economy and thus more at risk from the cuts. The SL fund has outperformed since but will I be proved correct in the end? Mind you this fund is run by a very good fund manager.

http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/s/standard-life-inv-uk-smaller-companies-accumulation/charts

I think smaller companies is an area where skilled stock picking makes a big difference. The FTSE Small Cap index as a whole has been a pretty lousy performer but within that you have many companies that have just done their own thing, regardless of what the indices have been doing. That Standard Life fund looks like a nice consistent performer. Although its not in the smaller companies sector, my long term portfolio currently has L&G's UK Alpha fund which has a high percentage of small cap shares, and has generally done quite well, but its a volatile fund.