UK Stockmarket 2009 and beyond

sabretoothtigger

As the price drops the dividend yield improves, it pays to separate the assigned market worth and their actual underlying prospects.

Ive looked at a few company reports this evening and of course the numbers are boring but they had a few pictures and its probably worth printing off to get a idea of where the company is heading which can be the opposite of the share price graph.

Its like a sales brochure for the company so isnt totally boring to look at

http://www.orderannualreports.com/?cp_code=P314


What company is gmd?

[Deleted User]

I am hunkering down, tin hat on for a while. Seasickness ahead

tradetime

kittie wrote: »

I am hunkering down, tin hat on for a while. Seasickness ahead

Yes looking a little like the weather at the moment, Alcoa kicks off US earnings tonight with its turn in the confessional, must confess I'm not really sure what to expect from the creative accounting, last seasons earnings was not as bad as I expected so I guess we play it by ear. S&P still really needs to see a decisive break of 880. Let's see what we get today, H&S looking valid on the DAX and Dow so far.

tradetime

turbobob wrote: »

I'm less clear on how they occur on indices, as obviously they are a collection of individual stocks and not really tradeable in their own right?

Hi Turbobob, Indices are a sum of their components, in its simplest form if you imagine a line across every single stocks chart above which its price could not pass above, then it follows there would be a line on the index above which it could not pass also. It's a simplified example but the principle holds true, in general the bulk of stocks move together in the same direction at the same time, that is not to say that every stock, or indeed every sector is moving in the same direction at the same time, just the bulk, such is the "herd nature" of the markets. Also remember support and resistance levels are not precise values, but rather areas / ranges. For example I have current support on the S&P in the range of 880 - 875.
As for trading indices, it is done by derrivatives such as the futures market, and now Index tracking stocks, or ETF's

tonygee_3

Nosht wrote: »

I think that this year a lack of confidence will kick in when unemployment figures rise creating further falls to about the FTSE 3000 or below mark.

Think that figure is highly unlikely.:eek:
NTG (commercial van rentals)taking a battering,now in the 70s
Remarkably has a 30 p DIV !!!!

sabretoothtigger

ex div start of aug and (twice deferred )covenant test is set for end of aug, if they are that close to insolvency no div or a cut seems likely

You should look at the books or something, how can it be judged otherwise

For example I have current support on the S&P in the range of 880 - 875.

Some long term activity at this range, I reckon a small one day bounce would be about right. Not sure if it'll go lower then this after that but that would be a very negative move compared to recent nothingness

tradetime

Alcoa beats expectations on earnings and revenue after the bell, stock rallies 7%. More fertilizer for the green shoots brigade. US markets rallied late yesterday threatening a failed breakdown out of the H&S.
Not sure if there are anymore significant earnings this week, next week brings GS, JPM, C, and BOA spread throughout the week.
Currently US futures are trading higher, fun times.

sabretoothtigger

Results looked awful to me, good on alcoa for beating even worse expectations :laugh:
The rally close is a duplicate for me of the close just below 900, enough to appear to neutral but it missed the mark again and it remains negative and slipping, still spinning the wheels digging a hole


870 is a breach of resistance isnt it, it did bounce off that point twice but I still say some negative though the more we fall the more chance of it coming back like it has before. We're below may lows now though and repeating some of april

tnx is falling, dollar is up, stocks are down. the Bermuda dollar triangle. sorry to talk america on a ftse thread but its the power boat in the duck pond and the waves are felt this side of the shore too. When does citigroup report because they were the catalyst in march

tonygee_3

Bought 3 shares before the bell yesterday,right panic FTSE dropped 40 points in last2 hours.Talk of AV cutting DIV,if so theyll take a beating.Bargains out there but Banks and Insurers look vulnerable to me.
I put up NTG as 1 to watch its probems are well known,not least its exposure to Spain,but think it will be a good earner at some point(not now though)

tradetime

I suspect all the results will look awful personally, though that's largely irrelevant, it's all about how far the bar has been lowered and how can it be spun.

I agree, like it or not the US still calls the shots market wise, it is what it is.

Citi is slated to report next Friday July 17th time not supplied, I suspect it will be before the open.

Support on the s&p I was calling 880 - 875 ish so we still holding on like a drowning man to a life vest, the one caveat I still have, and it has haunted the whole way up, is that I think there are still far too many people calling for a down market.