UK Stockmarket 2009 and beyond

sabretoothtigger

Depends if you think its a permanent high or not. I would guess not but the trend is up, thats the whole reason I was interested in the first place but I did count on pull backs.
Ones that I have noticed to any extent have been increasingly higher but then this is a rising market so figures

So higher lows to go with the new high you've noticed, good reason to keep some whichever way


50% is a figure I heard suggested for selling barclays on its way up. I just think people should get their original capital back, if you've got exponential returns you have this choice.

Also it depends where you will place the cash, if you have other prospects that is a better argument for diversifying now

I think the market generally becomes increasingly broad in its optimism searching out stocks that were left behind. I guess thats why a third of August NYSE trading was in zombie companies like AIG and FNM


http://www.businessinsider.com/trading-in-trash-financials-made-up-almost-one-third-of-august-volume-on-nyse-2009-8



10 new bubbles - http://finance.yahoo.com/tech-ticker/article/325783/Ten-Bubbles-in-the-Making

Current stocks I have been watching!

Cineworld Group
Booker Group
Gem Diamonds
Invista European Real Estate Trust
RBS
Lloyds Banking Group
HMV Group
IG Group

IGG fell 8% today, thats a tough ex div bump there. They fell past some critical long term support, so some stop losses kicking in there I guess. Not sure if I missed some bad news maybe

WKP sounds more interesting, I know someone who works for a company like that

Why do you like Jarvis now especially, I know them only roughly really. Long term oversold or why should they change now I wonder

KMR is good to go next stop 35 to revisit last summer trades

In a review of the 'senior diversified' miners, Canaccord Adams notes that gold production provides an important point of difference between the two industry leaders. In the June quarter just ended, Rio Tinto (RIO) produced 258,000ozs (a rate of just over a million ounces per year), while BHP Billiton (BLT) produced just 47,000ozs of gold for the June quarter (a rate of 188,000 ounces per year). Gold production from Rio Tinto principally comes from its 100% interest the Bingham Canyon mine in Utah (159,000ozs for the June quarter), and its 40% Grasberg JV in Irian Jaya (73,000ozs). Gold production for BHP Billiton comes from its 57.5% share in the Escondida mine in Chile (17,595ozs) and its 100% interest in the Olympic mine in South Australia (29,358ozs). The broker has a 'buy' stance for Rio shares, up 73.5p at 2,618.5p, and a 'hold' stance for shares in BHP Billiton, up 49.5p at 1,714.5p.

[FONT=Arial, Helvetica, sans-serif]Blue-Chips[/FONT]
Once again Tesco (TSCO) has come to the rescue of the UK economy with a commitment to create more than 1,500 new jobs following the signing of a new partnership with Belgian company Fortis providing motor and household insurance. The deal will give Tesco responsibility for retail pricing, sales and marketing, customer service and new product development, while Fortis will provide underwriting and claims management. The partnership also includes the creation of a new entity to underwrite and manage claims. Known as Tesco Insurance Limited the new entity will be owned 49.9% by Tesco Personal Finance (TPF), the supermarket giant's banking arm, and 50.1% by Fortis. It will start writing business towards the end of next year. Initial investments from Tesco and Fortis are expected to be in the region of 100 million pounds each. The partnership, which will initially run until at least 2015, covers certain TPF insurance products including car, van and household insurance. This area of TPF's business currently involves over 500 million pounds in annualised Gross Written Premium. "Tesco's Bank is expected to deliver c10% growth by Shore Capital in the current financial year (269 million pounds profit vs 244 million in 2008/9A) and a healthy contribution to EPS growth now it is fully controlled by the company. However, longer term we see a much greater contribution to incremental group growth from this venture and today's news is a stepping stone towards that goal," commented broker Shore Capital, which has a 'buy' stance for Tesco shares. Shares in Tesco rose by 7.5p to 385.9p.





Shares in online gambling company 888 Holdings (888) climbed by 12.2p to 97.5p after the company announced that it has signed a deal to provide online gaming services to Harrah's Entertainment, the operator of more than 50 casinos in the US, giving it a foothold there once legalization potentially opens the market. The company's subsidiary Dragonfish will use its Total Gaming Services approach to support the UK launch and roll-out of the World Series of Poker and Caesars Casino brands. Dragonfish will deliver its market leading poker and casino software, ePayments, CRM, Customer Support and VIP services, creating a platform to grow the WSOP and Caesars casino brands online. "This is a ground breaking deal for 888 and demonstrates our ability to provide real value to globally renown ed, land-based casinos and their leading brands," said Gigi Levy, Chief Executive Officer of 888.

ses6jwg

IGG fell on some bad results in the Far East, and due to some large director sells.

I remember buying some a month or two back at £2.94, then sold at £3.28, only to see them rise to £3.68! They were due a pull back.

sabretoothtigger

due to some large director sells.

I saw that but never sure how serious to take things like that, thanks for the confirmation.
I didnt see the results though, they own a japanese fx firm I think. One to think on

turbobob

cloud_dog wrote: »

Well, crazy FRES spiked over the 740p high:

http://www.iii.co.uk/investment/detail?code=cotn:FRES.L&display=javachart&it=le

Soooo, is it time to take the money off the table??? If I was sensible I should probably take another 50%.

KMR seems to be waking up again after slumbering.

FRES seems to be going up very nicely for the moment I guess one option would be put in a stop loss order close enough to lock in most of the profits, perhaps under a support level. I haven't used this method personally but something I was reading about is using Parabolic SAR to set a trailing stop. Most of the free sites have the option to add this indicator. Some info about this (and its limitations) http://www.informedtrades.com/4559-how-trade-parabolic-sar-forex-futures-stocks.html

cloud_dog

sabretoothtigger wrote: »

Depends if you think its a permanent high or not. I would guess not but the trend is up, thats the whole reason I was interested in the first place but I did count on pull backs.
Ones that I have noticed to any extent have been increasingly higher but then this is a rising market so figures

So higher lows to go with the new high you've noticed, good reason to keep some whichever way

50% is a figure I heard suggested for selling barclays on its way up. I just think people should get their original capital back, if you've got exponential returns you have this choice.

I suppose I was thinking more along the lines of the convergence of a couple of TA ocurrances, first being the breakout of the symetrical triangle (to continue its uptrend) and then it breaking but not closing above its previous high.

My thoughts are:

1. Often stocks that breakout of a symetrical triangle will re-test the breakout point
2. It failed to close above the previous high
3. It may be forming a rising triangle before it gains sufficient momentum to break the 740 area longer term.

All of this is me guestimating an d hypothesising what may occur.

sabretoothtigger wrote: »

Also it depends where you will place the cash, if you have other prospects that is a better argument for diversifying now

Atm I don't have any new prospects on my watchlist, although I would consider adding to existing holdings in some stocks (KMR, CEY(possibly), MXP(??))

uk_steve

News From The Independent
Property investment group Workspace was up 6.3 per cent to 25.25p, with rumours circulating that the group could be the subject of a bid. One trader said he expected the stock to reach 40p.

---

i have a holding of WKP i am tempted to top up my holding on Monday sod the 40p guess

i am thinking in next 2-3 years this will be a little baby to have

ses6jwg

uk_steve wrote: »

News From The Independent
Property investment group Workspace was up 6.3 per cent to 25.25p, with rumours circulating that the group could be the subject of a bid. One trader said he expected the stock to reach 40p.

---

i have a holding of WKP i am tempted to top up my holding on Monday sod the 40p guess

i am thinking in next 2-3 years this will be a little baby to have

I hold 4,500 at 15.5p so quite happy at the moment, Robbie Burns the Naked Trader also has 20,000 at about 18p.

Read into that what you will, but he seems to have done alright.

sabretoothtigger

Do you have a stop loss or target set on them like robbie seems to. If you scroll down his list you can see he bought and sold wkp previously also.

He sold on the way down to july 13th then rebought at a higher price in Aug, not sure if the company had any changes in july that helped


Looks like he's not traded at all in 3 weeks, thats alot of tea and toast or maybe he was just on holiday

IGG fell on some bad results in the Far East, and due to some large director sells.

Insiders sell like there's no tomorrow

Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?

http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm?postversion=2009091107

tradetime

tonygee wrote: »

Trade,FTSE still treading water,DOW expected DOWN,SOLD 888 good jump today( I also qualify for wednesdays DIV/Special DIV)
Think now is not the time to invest,more trading on good news

Yes like I said before, I don't follow the FTSE, but from a casual look, it seems to have outperformed the US and thus may be ahead, think STT picks up on this in another post, thus it may just mark time for US to catch up. There seems to have been a shift in mood / sentiment lately, I have noticed selling into good news, usually when this happens it is a sign that smart money is now using the buying pressure of the good news to exit positions. Intraday my 1048 target was finally hit with a high of 1048.18 before the market headed lower on Friday
I still feel if we can close above that level we should be able to hit the 1100-1120 area and to that end I still hold about 25% of my original long play via SSO, but as a broad market player I see poor reward / risk in initiating any new broad market longs here other than intraday plays. My bias in market positioning is now predominantly short. The US$ gives me a little concern as it has deteriorated quite badly lately, a break below 75 on the Dollar Index may require a rethink, as my positioning would look for some sort of dollar rally, the coming week sees triple witching, with stock options, index options and index futures expiring, so there will be a fair amount of volatility likely.

uk_steve

just a quick 1 does anybody on here use

http://www.iii.co.uk for share dealing?


i see per trade is £10 and no annual managment fee


thats £2.50 per trade cheaper then my current provider and no annual fee per year

just wanted to hear peoples views on this service, because if its good i will do my new buys via them and slowly switch over my holdings from Selftrade


but if its not that good i keep to my current provider ST

Kind regards from Steve