UK Stockmarket 2009 and beyond

uk_steve

live and learn is so true


You have always said (SPREAD) your shares i can see why now you been there yourself ;-)

sabretoothtigger

Being diverse is something I can say Ive improved in the last year also. I do still think most things could go negative all at once but having that spread gives a fighting chance of balance and break even appearing sooner then otherwise

A random trader says this is the sixth or seventh time now the market has looked like it should retract but with no significant pullback


Came upon this written about Yell. Apparently that debt is more reasonable then appears, 2014 does sound a good date for breathing space and they are high cashflow hence the optimism

In our view the main concern for investors post the refinancing is that the group’s leverage will remain at relatively high levels (4.4x - 4.6x EBITDA in our two scenarios). Importantly we do, however, still expect the company to generate between £600m and £650m in annual cash flow pre interest over the coming three years.

http://ftalphaville.ft.com/blog/2009/09/08/70556/the-smell-of-burnt-fingers/

ricll

tonygee wrote: »

Incidentally has anybody owned and sold(early) a share/investment that then rocketed??
I bought 12K of ICI in '02.It fell to 83p I bought in at 89 but it fell back to 83!!
I was 1k down in 2 hours so when it went to 90p I sold out.A few years later it was bought out for £6.50(7x) £84K:rolleyes:
It is poss we could be sitting on a' rocket' now time will tell but I tend to sell out when I double my cash(too cautious)

I haven't sold GKP yet for fear of this, even though I'm doubling my money at the moment (I was trebling when the sp reached 90p). When they first announced they had found oil in Kurdistan the sp reached £1 for a second and then it came down from 90p to about 60, then it went to 75 and now is 68.50p, possibly going up tomorrow. Shareholders are expecting a new announcement (target depth reached perhaps) in the next few weeks, so will wait and see. I would rather lose some profit waiting for good news than sell and see the sp rocketing afterwards. But on hindsight I would have sold at 90p if it were today. As the wiseman says, it's better a tit in the hand, than two in a bra .

tonygee_3

Thats the dilemma,ricll,hope GKP rockets.
Did you sell the other one(RGM)?

Think best way is to fill your boots after a crash and walk away for 3 months,difficult I know,but that way you wont sell TOO early.

negs

its time to buy recovery stocks - shares which were quite good before recession ..see yell, jjb, mecom, sports direct..rise they have been having..yell alas i sold too too early..

jarvis next one going to go up.. a great recovery player..jarvis train started today..do not know where is the next stop..

sabretoothtigger

I would aim to sell a bit when it spiked, take something for your time I reckon but right now it looks to have long term support at 70 and 45.

Isnt the problem with oil in northern iraq that there is no oil pipeline and they need to work with central government, lots of uncertainty.
Maybe that makes them nicely cheap, I wouldnt mind maybe buying them at 50 or so


sp500 looks to be closing strongly and so its a rise for ftse again tomorrow I guess

ricll

yeah the uncertainty I think is that oil companies operating in Kurdistan may have to wait some good time till the iraqi government pay them for the oil they pump, there's this impasse as the region is still part of Iraq, some say that may change in the future. But I think much of this risk is already built in the GKP sp at the moment, so I don't see the sp coming down to 50p anytime soon. Regarding RGM I'm still holding, will forget about it for the next months, not worthy selling right now. Good luck to us.
PS. Does any of you have experience with CFDs? I'm starting to read about it, very interesting stuff, I think that's a money making machine if you know how to use it properly.

tradetime

CFD's are just a leveraged derivative product, in many ways similar to either futures, or spreadbetting, it's as money making a machine, as it is a money losing machine since leverage works both ways. As you say, you need to know how to use it.

purch

Incidentally has anybody owned and sold(early) a share/investment that then rocketed??

I would list them, but it'd probably overload the server and shut the site down, so I'll just say Often :eek:

negs

hi guys see my post from yesterday night..i mentioned jarvis..

look at jarvis now..