UK Stockmarket 2009 and beyond

longleggedhair

Are the markets likely to plummit on this news or is it already priced in?

Ark_Welder

The vote was linked to a confidence motion, so this might have been the prime motivator for opposition parties to vote against.

http://www.bbc.co.uk/news/world-europe-15265987
http://www.bbc.co.uk/news/world-europe-15266300

sabretoothtigger

The reason it wasnt a big deal I think is that they are a tiny country. Their vote relates to 5bn and other countries have the option of just going ahead anyway and covering that between them

The main thing is speculation on mercozy's plan coming in November.

I'm looking to take profits hopefully on improving prices over that time. Just wondering if I should sell off my BLT trade and buy some RRL instead which obviously looks dire now but year on year is advancing still

The bottom price today fits my chart pretty precisely but doesnt mean it will hold



Away from trades, on my shares Iam holding mostly because it didnt really manage to pick up much at bargain prices and I dont see us as desperately having to sell before it crashes again.

If it was a bargain then this rise makes it fair value still. Boom prices are perfectly possible imo and before year end

WEIR went up massive, should have held that one. Again it was a trade not a share buy so c'est la vie


BP and BARC most impressive I think, dire fallouts now rising stars again

longleggedhair

sabretoothtigger wrote: »

The reason it wasnt a big deal I think is that they are a tiny country. Their vote relates to 5bn and other countries have the option of just going ahead anyway and covering that between them

The main thing is speculation on mercozy's plan coming in November.

I'm looking to take profits hopefully on improving prices over that time. Just wondering if I should sell off my BLT trade and buy some RRL instead which obviously looks dire now but year on year is advancing still

The bottom price today fits my chart pretty precisely but doesnt mean it will hold



Away from trades, on my shares Iam holding mostly because it didnt really manage to pick up much at bargain prices and I dont see us as desperately having to sell before it crashes again.

If it was a bargain then this rise makes it fair value still. Boom prices are perfectly possible imo and before year end

WEIR went up massive, should have held that one. Again it was a trade not a share buy so c'est la vie


BP and BARC most impressive I think, dire fallouts now rising stars again

My Barc is up 22% my best riser, and I think there is some way to go in it also.

StevieJ

5500 has been breached today so where do we go from here?

lvader

That was just with low volumes and short covering, imagine if people decided it's finally time to bail out of govermnent bonds (US, UK, Germany etc, not the greek type). Or actually decided to invest some cash.

sabretoothtigger

Euro is topping out here for the moment, its retraced 61% of its fall from 2009 which is a nice swing from its recent depths. I would expect it to at least waver here

RRL up 20% from yesterday to end flat on the week pretty much, rises in line with yearly positive trend


If euro stops it means easy gains are over for FTSE and others most likely. Not sure about a reversal, Ive sold off what I had of BHP for the moment but kept many other things mostly because Im still underwater on them

Holding my HOC at 465 also though I should probably sell for a while I cant with so little faith in currency and politics 490 is a top then 510 but I'd like 540 at least

lvader

I sold RIO for a 15% profit, it's in a lot of my pension funds anyway so I have plenty of exposure to it. If it drops significantly I'll probably buy back in if not I'll find something else.

I missed out on todays Range action, it's on my watch list but havn't bought any yet. Many of my shares had 5%+ gains so no complaints.

My punt on PFD going very well so far, not intending to sell for a small profit though, it will be either a multi bagger or a dead loss. I fancy the odds.

amictus

StevieJ wrote: »

5500 has been breached today so where do we go from here?

I'm no good with the TA stuff... is there any particular significance of the FTSE reaching 5500?

I can't see any economic news to look out for this week... as I see it, the next turning point will be based on whatever comes out of the Eurozone summit next weekend.

Finance ministers and central bankers from the Group of 20 industrial and developing economies, after concluding their gathering here Saturday, said they expected an Oct. 23 meeting of European leaders "to decisively address the current challenges through a comprehensive plan."

The hard deadline heaps pressure on euro-zone members to deliver one. At the same time, it raises the potential for another market backlash if what results is too vague to satisfy nervous investors.

http://online.wsj.com/article/SB10001424052970203658804576635090767959756.html

Perhaps we'll see the FTSE continuing to rise until that point?

amictus

sabretoothtigger wrote: »

Ive sold off what I had of BHP for the moment

Maybe worth another go given production update next week? Or will these results already be "priced in"?

Mining giant BHP Billiton has its annual general meeting on Wednesday, the same day it is set to produce quarterly production statistics. Credit Suisse forecasts that the company will have produced 35m tonnes (attributable to BHP) of iron ore worldwide in the third quarter of 2011, while copper production is forecast to be in the region of 294,000 tonnes, which would represent an improvement on the previous quarter’s output of 272,000 tonnes.

“In petroleum we forecast 56.1Mboe [millions of barrels of oil equivalent], up from 43.3Mboe in the June quarter due to the consolidation of Petrohawk,” the Swiss bank added.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4586485


What about ABG?

FTSE 250 gold miner African Barrick is on Thursday set to unveil sparkling third quarter results. Analysts expect net income of $99m (£63m), more than twice the $40m it made a year ago, writes Danny Fortson in the Sunday Times. With America muddling its way through a tepid recovery, Europe’s banks in crisis and China cooling, this safe-haven investment looks set fair for some time yet, in Forston's view.

There are risks, however, such as the possibility of Tanzania introducing a mining super-tax, plus the danger of interruptions to electricity supplies at the company's mines. African Barrick is Tanzania’s biggest user and the country’s system is stretched. Rationing in other countries, namely South Africa, has caused huge problems for power-hungry mining operations. Broker Numis, though, is confident the company has the issues well in hand. It raised its price target to 800p, a long way from the 545p it closed at on Friday.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4586485