UK Stockmarket 2009 and beyond

turbobob

The Fed has spoken - http://www.reuters.com/article/idUSTRE6A12IA20101103

worldtraveller

turbobob wrote: »

The Fed has spoken - http://www.reuters.com/article/idUSTRE6A12IA20101103

What a shocker!

Dow +/-0.00%
Nasdaq +0.04%
S&P +0.14%

turbobob

Yes no big surprises I think. Gold is down a little, but pulled back some of the losses from earlier..

blinko

this QE was already factored into the price i believe, so lets see how we get on today in opening

asian markets were up infact if my screen is correct FTSE 5800

edinburgher

this QE was already factored into the price i believe, so lets see how we get on today in opening

I thought that too, but can currently see:

100.59
5,849.56
+1.75%

Do they know something we don't?

blinko

it will correct probbaly by the end of next week, if i wasnt stuck in my blood betfiar short i could have made a tidy profit there ahhh alway sanother opportunity out there

but i think this certainly does re-iterate that equities are going to be the driver for the next year at or least until some government defaults

sabretoothtigger

sabretoothtigger wrote: »

HSBC is still in a downtrend, if that breaks out above 690 properly I'll admit I was way too bearish. Next week the Fed announces QE, or not

HSBC HLDG
( LSE: HSBA.L / ISIN GB0005405286 )
Last Trade:	695.10 p
Trade Time:	4:35pm
Change:	Up 37.20 (5.65%)
Prev Close:	657.90
Open:	683.00
Bid:	695.10
Ask:	695.20
1y Target Est:	800.13 p
Day's Range:	681.50 - 699.40
52wk Range:	595.20 - 713.50
Volume:	50,438,544
Avg Vol (3m):	24,584,200
Market Cap:	122.93B
P/E (ttm):	32.18 x
EPS (ttm):	21.60 p
Div & Yield:	1,384.48 (210.44%)

I was 6 weeks off on the fed news but hsbc now has beaten its 2008- trend of lower highs.

Next target is 730p which is about 5% above, that would equate to ftse at 6153. If hsbc rises but meets negative trend from 2006 that would be 810p
hsbc is 8% of ftse


It could be a fake breakout but its pretty convincing. The dollar is substantially down though I expect euro to hold


I dont really like hsbc, if I had i would buy it on the lows not chase it now. Dont really like that strategy though lots of traders will I presume

santander I think is cheaper, euro failed to gain against our sterling. Its 11% down from where I sold a bit, obviously wish i sold a chunk of it but I might take that bit back now

considering buying LCG. EMG is up lots from its lows Sold Shell after div for higher then it was last week

POG is battered by its poor production figures and a not great ipo for its iron co in HK. Couple of support levels around here, compared to cey it seems much cheaper.

VGM I dont think is that great value unless they do manage to double production, think I'll wait for a pullback

To try and value I was just dividing current annual ounces of gold produced by the shares in issue then seeing how much an ounce of gold costs in each mining share (this ignores costs)
POG does 500k ounces of gold still even if it promised twice as much at times.


1216 on SP500 is resistance going back to July 2008 and earlier this year and Ive heard its top of the range for now.
However it is sticking to the ceiling and anything is possible if dollar continues to decline. Euro I also see at its strongest vs dollar

fullstop

Another bank doing well today , Standard Chartered, up 4.75% today, the recent rights issue was a no brainer to take up.

blinko

the problme with POG is it keeps missing its targets and i think its the 3d time now, I think the markets arent having it anymore

CEY I recommend as i think they have a good management team although id ont thin they will meet there year end target of 160k oz so there could be a buy in opp there also AGM on 9th nov

but i do feel that going forward this is a good company to be in see broker coverage target here is 250

sabretoothtigger

I agree, if they do keep failing its a case for next years share price. Main thing is do they still have a large gold mine and will gold price stay high, in both cases I think yes & they should improve anyway I believe.
Delays in produce/ selling now could even mean greater profit later depending where the price goes

Im not sure if cey is any better management, I havent a clear view


Stan, great share never really faltered in its rise . Now highly valued Im told, hard for me to buy into it except through the aberdeen asia fund I switched over to from a pacific tracker I had previously

Ive held + averaged into pacific since may 2008 and its best purchase Ive had, shell was maybe my second longest since may 09 and now I opted to hold bp (target 520) and the little oils for the moment

FTSE futures 5873