Trading the stockmarket (NO Referrals)

Ok, I realise I'm only playing the halifax fantasy trader game, and am just being an annoying berk while you guys are actually making and losing real money, but I have a question.

Loads of companys seem to have multiple names, so i'm looking at BHP Billiton and have the following options -

BHP Billiton Ltd. Spon ADR

BHP Billiton Ltd.

BHP Billiton Ltd. ADR

BHP Billiton Ltd. ADR

BHP Billiton Plc ADR

BHP Billiton Plc

BHP Billiton

So erm, how do I find out which one I actually want?
 
aardvark said:
not surprising - DES was always very high risk, i don't know why people own it ??
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Got to be in it to win it ?

I checked all my holding out this morning in DES, hopped over to Barclays, took a 28% loss. Perhaps a rash/rushed decision but i'd prefer to sit in something a wee bit more stable with them funds...... famous last words !
 
godinman said:
Ok, I realise I'm only playing the halifax fantasy trader game, and am just being an annoying berk while you guys are actually making and losing real money, but I have a question.

Loads of companys seem to have multiple names, so i'm looking at BHP Billiton and have the following options -

BHP Billiton Ltd. Spon ADR

BHP Billiton Ltd.

BHP Billiton Ltd. ADR

BHP Billiton Ltd. ADR

BHP Billiton Plc ADR

BHP Billiton Plc

BHP Billiton

So erm, how do I find out which one I actually want?
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ADRs are American Deposit Recepits, only the yanks use those.

I'd guess at BHP Billiton Plc, but it'll be the one priced at 2199.5p
 
smokedog said:
One major difference between DES and GKP. One is bone dry the other is a gusher ;)
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I know that, but just saying just because they've had a big placing isn't a green light for a rocket to success :p

2 very different companies with very different things affecting the share price. Have been following GKP for a while myself so know all the good things about it :)

One has lots of oil, but lots of other stuff in the way, one has no oil yet or at all :p
 
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I had GKP for a while, wish I had got more when they were suffering. There is some political risk with these shares, more so then falklands I'd say
Looking just at the price they are slightly negative and pushed up against an old trend, it could fall to 120 or so. Depends whose holding those new shares, dealers or long term holders.

Anyhow I held HDY instead and they done pants, just my luck. I think hardy is less risk but not by much i guess

I got more Barc on more weakness. Basel and usa foreclosure worries are various reasons why xlf is not well. Comparatively I see it as reasonably discounted, rely on the old 260 to 320 range and it'll probably repeat like a broken record

Also took up more ABG and POG on weakness from production delays and lower forecasts. They still have the gold after all and one writer points out not being to release large production and sales figures now means they still have it in future to sell at the now highest gold price ever.
Ie. its a coiled spring if they do fix any production problems, abg is related to abx and well founded
CEY was far more popular despite similar



BHP http://www.google.co.uk/finance?q=BHP Billiton&um=1&ie=UTF-8&sa=N&hl=en&tab=we

Its the london quoted one you want really. BHP is listed in an asia pacific index too if you had that.
I held this also till recently when i took profits as market could turn around here, probably it'll spin up without great loss but I'd like to rebuy again as the potash move was great and its a mining firm that does oil :)
http://www.ft.com/cms/s/3/694c1c3a-d83a-11df-a7b4-00144feabdc0.html?ftcamp=rss
 
I did 5k in DES @ 95, sold at 152 or so. Im pretty happy.

The only thing is, its far easier for me to figure out when share prices are going pear shaped, but very difficult to figure out when they will rise.

That being said i cant figure out how to short trades, and i have this tiny memory about that they scrapped all that when the banks exploded? Can i still do it?
 
platinum87 said:
That being said i cant figure out how to short trades, and i have this tiny memory about that they scrapped all that when the banks exploded? Can i still do it?
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Yes.

The ban was on shorting financials at the time and ended ages ago.

Easiest way to short imho is to do it via either a spread bet or cfd, but only if you know what you're doing.

The thought crossed my mind when rockhopper went to 400 that it might be worth a short, if I only I played at this for real ;)
 
Holding tight on RKH. Should've sold and bought some GKP but shoulda woulda coulda....

Am still in DES from 45p so all good there. Just a tiny amount ie silly toy fund.

Gutted about not selling RKH @£5, damn greed. But in profit from ~110p avg anyhow so as I say holding tight. Do feel for those who bought in at up to 547p though :/
 
Dr House said:
LOL yah but its been down a lot over the last few days
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DES has zero assets so it's a great stock to trade on news/sentiment etc. That said I just don't have the time or free cash to do that but it's a great learning tool! eg - down too much last week, up today because it's a Monday, but overall still overvalued so if this drill is 100% bad, buy on the reaction then sell on the build up to the next drill, or of course hold if you want to gamble...
 
Pleasure, i'm sat on 115% profit on my first batch and 30%+ on the second batch, happy days :)

I'm starting to think and exit price of 2.5 - 3p could be nice, lets hope some more news flows through, i can see this doing a retrace if the news bandwagon goes quite for a few days.
 
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It aint a profit till you sell, just thought I'd state the obvious :p



The dollar index was threatening to break upwards today and just generally lately. This is the underlying worth of world currency, if it goes up all prices go down quite easily just something to watch out for.

Chances are its going to zero eventually but markets never move in one direction exclusively


GKP was up like 10% today, apparently they had too many buyers for their latest fund raiser. Institutional buyers no less, still I suspect they'll fall back, mainly because I dont own them presently :o

Barc positive bounce off the bottom. Overall picture still not positive imo, xlf below 14.60 is weak. 295 first hurdle and then 311 to 315 as target. if 295 holds back the rise then 260 is next main target to buy

HSBC range negative, I expect it to constrict then fail downwards past 637 support. 575 would be a good flush and fit overall ftse downturn but odds this happening have to be low, definitely possible imo.
This scenario is on par with the july low, ftse 4600 target. I would go long all at this point




http://www.iii.co.uk/articles/articledisplay.jsp?section=Markets&article_id=10120481
 
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