UK Stockmarket 2009 and beyond

uk_steve

@ Kittie

@ tradetime

@ sabretoothtigger


How have you done in the last week?? some stocks i have seen have done very well!!

Kind Regards From Steve

sabretoothtigger

I think you are right to pace yourself and weigh up value for yourself because if the price falls it can just mean a good company got cheaper to buy



Ive not really realised much profits really. Sold some tate, lloyds and a pacific tracker but I could easily been wrong to do that because they were all good to hold tbh. xlf is at a year high, its a strange market
Ive been trying to move money sideways instead of just going cold turkey and being left out in the cold while this market is hot.
So bnc and stan are better banking prospects I think
Bought some shell for longer term commodity
And I have some ftse250 tracker and a ftse100 short as well though Im not sure how well that'll work exactly but I only hold small positions

Im told the sp500 5 day moving average is flat to declining so its a possible trend decline for the moment but who knows. I dont see anything massively cheap but there are still prospects available, my thoughts are to just leave them to brew for now and maybe invest later.
The commodity and mining shares have done well, 30% up recently as they came through a V shape I think but Im not selling any as I only hold a bit in each one and they are good for it I think, ie. I would add to them again if possible

Shell and SL are the worst performers in this rally, but they have good dividends and I dont think either will suffer cash problems. SL might be flat for a while I guess, they lack foreign earnings


Which stocks are you watching?

GKP made my day today :beer:.

You are invested in them? What do you reckon of BP getting a contract there, a foot in the door?

Heritage Oil (flat this week) is out there also I think and shell might buy them, tons of potential in this country for growth and risk

tradetime

and a ftse100 short as well though Im not sure how well that'll work exactly

:eek: Not too sure how that one will work either, I thought it looked like a good idea when I bought some too, but then the markets went nuts, unfortunately since it's in an ISA it's pretty near impossible to protect.

sabretoothtigger

Well I should have closed it in july 13th when I thought fresnillo was cheap but I didnt instead I bought bnc which have risen more overall then the short has fallen so I guess Im not that bothered

Also I meant to be short ftse but go long sp500 because of the currency thing I knew they had potential to rise and the idea would have been to place a spreadbet so a british pound return on a dollar investment and I'd gain from the currency if nothing else in theory. In practise it was just another of my pipe dreams and I procrastinated, opps

tradetime

uk_steve wrote: »

@ Kittie

@ tradetime

@ sabretoothtigger


How have you done in the last week?? some stocks i have seen have done very well!!

Kind Regards From Steve

Hey Steve like the football, "a game of two halves" or maybe three
My day job, good, markets quite volatile some good moves and a decent range to trade on S&P's
Intermediate term have a few commodity trackers that are up reasonably well, bit weak today though $ bounce.
ISA, that's the bad half :eek: haven't really paid as much attention to it as I should've as it's a small account and I don't do much UK stuff, have a short FTSE100 ETF in that, and as you can imagine it's taken a bit of a kicking, if we don't get a turn very soon will have to cut that, short could become a very dangerous place.

[Deleted User]

The sipp has done well Steve but I am not complacent. 4600 has to hold for ukx to get to 4900

There are still very good buy ops like the utilities. I am more concerned these days with buying into companies that aren`t going to disappear such as`the health clinic` which vanished overnight

Another thing that concerns me is healthy profits disappearing before my eyes.

tradetime

Non Farm Payrolls is the number of the day today, released pre-market US (13:300 UK)
It is likely to set the tone for the US trading day, and thus will guide the afternoon session in the UK. Last few days has seen a 990 - 1010 range. If the pullback were to gather any steam I would want to see 955 - 960 hold as support, this was the breakout level after the much publicized H&S pattern.

The figure in earnings releases that has been of interest to me is the revenue number, the majority of companies in the US have beaten the headline EPS quite handily in the majority of cases, however they have failed to beat the revenue number in equally as many, which is a concern for recovery talk, however the market seems unconcerned by this. I do however feel that there is enough money on the sidelines caught napping in this rally that there should be no shortage of buyers if support levels hold and news continues on the "less bad" vane.

uk_steve

sabretoothtigger wrote: »

I think you are right to pace yourself and weigh up value for yourself because if the price falls it can just mean a good company got cheaper to buy






Which stocks are you watching?




Heritage Oil (flat this week) is out there also I think and shell might buy them, tons of potential in this country for growth and risk

Personly the main big 3 was

GEMD because i sold @ 1.75 after selling it reached 2.60 in the last week or so

i was hoping it dipped after selling to re buy in again @ £1.40
it could still happen

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LLOY that was another i had my eye on which jumped high

i personly think i have to wash my hands with that share unless it hit back around 0.75p

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WKP this was my chance stock which i was happy to take a punt on

i could be intrested if it hit back around 0.14

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another i do have my eye on but needs to drop to around 20p ish to make me intrested is

YELL





i do have about 8 limit orders for other companys in small amounts of value,

[Deleted User]

I never mentioned the price I got for emed yesterday. 11.805p so the shares must have been in demand at the time. Volume traded will be interesting today

uk_steve

there is 1 share which looks a good buy @ the mo

i know its been talked about allready its REX


i could be tempted into this if this hits a little lower then todays price