UK Stockmarket 2009 and beyond

[Deleted User]

I sold 10 stocks this morning, all wrapping in profits and that includes rex at 8%. I shouldn`t have feelings but my intuition is kicking in just now. I have kept the oils, utilities and telecoms and of course the pibs and prefs. Even bats was right at the top of its range so that has gone too

sabretoothtigger

Sounded like you might have been close to fully invested, always pays to stay nimble for the next round of the fight I guess whenever that should be

I think Rex is good till after RI or closer to 300 anyhow

SL is back today where it was yesterday close, pretty much a free dividend there though it would have to go to 200 or higher to do what I thought might happen

I still think the market may bob higher even if it falls back a bit by end of summer, more volatility can see a move higher even while the tide retracts, which is pretty surprising to watch.
vix is 13% higher these last 20 days and its at the same level as end of June

D day is labor day or 7th Sept. Last year it was 1st of sept which pretty much fitted into an acceleration of events as I recall

We can conclude the old sell in may thing was pretty much wrong this year but not by tons

4462 vs 4731 or 6% plus divs

[Deleted User]

I`m going to do a bit of `gone with the wind` reading pm today (honest). I have been working on the portfolio a couple of hours this am and now have 9 limit buys in place, not incredibly low but enough to catch a pullback. All calcs done wrt including costs and all limits will give me more shares for the same money gained when sold.

tradetime

Today likely to be a choppy day ahead of the FOMC statement. Given we are in the middle of the seasonal summer doldrums with its characteristic light volume it is highly unlikely the FED says or does anything that will surprise the market.
It is likely imho, that the last couple of days have been a little shakeout before the market resumes the uptrend. Should we break y'days low, I'd expect 978 - 980 to be the absolute limit.

sabretoothtigger

I like this theory for guidance while trading.

Intraday Market Thought

from Ashraf Laidi

2009.08.12 09:06: Deteriorating Asian equities were sufficient in triggering a fresh wave of bids in USD and USD against all major currencies, while USDJPY tested 95.10. The usual pre-FOMC consolidation will see a partial retracement in risk aversion trades, but USD will likely retain its upward bias into the decision, unless new asset purchases are announced. Aussie remains the weakest performing currency with AUDUSD capped at 0.8250-55, suggesting a renewed pullback towards 0.8180 coming up. $GBPUSD remains capped at $1.6530s.

how much can China influence america markets, if the dollar should rise then this is pressure on the stock market valuation

uk_steve

findel share offer


i did take up their offer of buying extra shares


i did a combined holding value £37.000 including my shares i already had


today the extra shares i purchased have been credited to my account

just checked i can sell the whole holding at 0.33p a share
= 53.000 (16k gross profit) nearly 43% on original value

but my plan (genius or fool maybe the case)

is not to sell my holding unless it makes at least 0.60p per share

(my estimated time is 18mths or earlyer)

this is the 1st part of my 100k plan

i have 63k to spend if i do put extra money in the stock market



(1st update)

conorthomas

Hi everyone,

I currently have a 1.5k holding in BT, which I got when they were at 99.65p each. Now they have grown and are around 35%, do I cash in now, or wait?

Or, if I wanted a risky 'venture, would Jessops shares be good? I was thinking of putting in around £100 for a laugh and seeing if they did anything, any advice as to what other penny stocks there are out there?

sabretoothtigger

BT I generally dont trust to do great though they have fallen alot so its upto you if you want to gamble on a further rebound

Dont know Jessops, its consumer related so not really top imo. For £100 you could invest with iii and get lower commission otherwise you end up 10% down before you begin. I dont know penny shares tbh

Steve, I dont know of Findel but best bet is to always manage risk first.
So place bets both ways, sell a bit now and sell a bit later and you wont have regrets either way which is good to stop your emotions becoming more important then the companys business when judging direction, etc

If its a new strategy your testing at all, then I'd do the above and also divide new money invested into equal amounts to give 6 or 12 shots at hitting the target till you know your aim is dead on. Hopefully you get what I mean

uk_steve

I understand what you saying 100% (its clear to me sabretoothtigger)


i could even do the safe of safe sell 37000 worth of shares and keep the remander shares



problem is i am set in my ways and believe what you 1st think when you do plans



(but seeing profit does make you think sod it just grab the money because i know the share price will go up and down in the short period as others sell there holdings with the company)

but im sticking to my original plan and eating my nails:D

tonygee_3

Hi steve,
Congrats with FDL but as I advised previously..Spread your investments or you will inevitably get burned.
I would suggest say no more than 1-2k on small companies and up to 4k for bigger companies,that way if something drastic happens you wont lose everything.
If you do continue with large amounts then set a stop loss to limit your losses