Trading the stockmarket (NO Referrals)

Subliminal Aura said:
EXACTLY - That's actually what I meant. The money is going into equities.

Some commodities are over priced but equities? - Phew

... Ha look at that the FTSE just lost 10 points whilst writing this greeting.

Damn you - I was going for a quick short at 5860 :mad:
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Yes I know that's what you mean, but I am asking where is this cash going to go if the market tanks?

I see it as similar to what happened in China in a way, massive amounts of cash floating around, nowhere to go thanks to paltry returns elsewhere so it all goes into the stock market.... We all know that a huge bubble blew up in the market there.

The FTSE is not anything like a bubble yet- the P/E and yields are still reasonably conservative. Some stocks are absolutely running away (esp. miners and oilers with no proven reserve yet, all on speculation), but I think the point is we need cash to stop going into commodities before the 'asset-play' equities market collapses. I can't see how that is going to happen yet. Bonds, property, interest rates, etc are all on the floor. This bubble is just starting to inflate.



edit: CNR closing in on 8.5 now.
 
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Hold up a second mate.... Real life drama here as the FTSE doesn't know it's own value LOL :D

Is it worth 5855 or 5860 ?

Hmmmm I thought 5855 so am making a profit :D

EDIT: Update - market thinks 5860 but I'm not going to entertain that until Wall Street opens cya in a couple of hours
 
Thegoon84 said:
So could i buy £100 of CNR shares right now off iii?
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in theory yes - however you will have a buying cost (generally £10 or so) and the same again to sell, plus potentially stamp duty @ 0.5% as well so £100 purchase is not really worthwhile due to the cost of buying being 10% of your purchase.

Nothing to stop you but really expensive way to do it buying just £100.

Buying say £1000 @ £10 buying cost is therefore only 1% of the total amount paid in costs etc
 
Looks like the party is closing down for a bit on CNR today, down 8% this morning so far. Kinda expected this to happen this week as we've had no firm news, and epic rises over the last few weeks.

Question is, join the sheep and sell knowing that I've made a tidy profit already or dig in for the long haul and supposed 20p target once we get JORC'd... Getting greedy cost me a packet with MTA, so I'm kinda leaning towards option A) at the moment. Decisions decisions.
 
Subliminal Aura said:
lol !
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Helpful and insightful post. :rolleyes: Nevermind 8% down when you consider the steep rise over the last couple of weeks, 8% is a drop in the ocean.

It's always been pretty obvious this was going to happen, just a case of when. You can't have over two weeks of epic rise on no news without some kind of retrace, laughing at it seems pretty pointless to me.
 
I'm not in stocks to actively trade them - i'm happy holding good stocks with good potential for longer term. I've nothing else on my buy list at this time so happy to hold CNR for now despite the obvious retrace that was always going to happen.
 
Subliminal Aura said:
Scroll up :rolleyes:

I posted yesterday to get out.

We're back to investing in fundamentals now ... Not kiddy stocks
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Wow anyone could have predicted it was going to pull back. That's hardly some great insight there. I am actually surprised how small the pullback is.
If the JORC conversion is as expected, it will go higher than 8p IMO.
 
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