UK Stockmarket 2009 and beyond

tonygee_3

Just SOLD YELL +26% I was sitting on a 70% LOSS at one point!!! Glad I dont use stop losses or I would be well down.Instead I bought JPR and TNI both similar and also in profit

lotsadogs

tonygee wrote: »

Just SOLD YELL +26% I was sitting on a 70% LOSS at one point!!! Glad I dont use stop losses or I would be well down.Instead I bought JPR and TNI both similar and also in profit

Well done you! :T

tradetime

tonygee wrote: »

Just SOLD YELL +26% I was sitting on a 70% LOSS at one point!!! Glad I dont use stop losses or I would be well down.Instead I bought JPR and TNI both similar and also in profit

Congrats, however, the purpose of a stop, is to stop you getting down 70% in the first place.

tonygee_3

If I had set a stop at -20% Id be looking at a loss now.
I would probably bottled buying them again
Similarly,I set a buy for AVIVA @ £3 before I went on Holiday.A fortnight later I came back to a 35% profit! but found they had actually fallen to £2.40 after my buy
Moral.. Dont panic..I read of a bloke who panic sold all his considerable holding of AVIVA recently @ £1.63 theyre over double now

purch

I put this on the 'Sell in May' thread also;

Interesting article from Marketwatch.com

Corporate insiders are as bullish today as they have been in years

http://www.marketwatch.com/news/story/insiders-upbeat-about-their-companies/story.aspx?guid=%7B7B6A6FDE-A1BC-455E-9203-0E4DA0B55C05%7D&dist=TNMostRead

tonygee_3

SOLD HSBC +30% Might be a mistake,but feel theres gotta be bad news round the corner soon.Then hopefully buy back again

tradetime

purch wrote: »

I put this on the 'Sell in May' thread also;

Interesting article from Marketwatch.com

Corporate insiders are as bullish today as they have been in years

http://www.marketwatch.com/news/story/insiders-upbeat-about-their-companies/story.aspx?guid=%7B7B6A6FDE-A1BC-455E-9203-0E4DA0B55C05%7D&dist=TNMostRead

:rotfl::rotfl:Or this one?
Insider Selling Jumps to Highest Level Since 2007

purch

Or this one?

:rotfl:Ya I read that one too!!!

My new trading method is to ignore the News that doesn't fit in :eek:

ricll

I'm looking into some oil companies at the moment, I've already got HOIL which is doing really well today (+24%) thanks to a discovery in Iraq :beer: and may gamble my money on others like HAWK, NTOG, TLW, what do you guys think of oil exploration, when you get the timing right it's like winning the lottery. Also, what are your opinions on irish banks? BKIR +26% today, ALBK +16%.

tradetime

purch wrote: »

:rotfl:Ya I read that one too!!!

My new trading method is to ignore the News that doesn't fit in :eek:

Should work perfectly well given the talking heads simply spin the news to reflect what the market is doing anyway Just surprised me when I saw the Marketwatch article, thought I was going senile as I was sure I heard bloomberg spin the complete opposite story, guess it was a down day in the markets that day, or they would have ran with the Marketwatch one. hehe. All I know is we're still going from bottom left to top right, 'til that changes we just got to go with the flow