Trading the stockmarket (NO Referrals)

JJB up 6% again, surprise surprise. Shares in my dad's company (Mouchel - MCHL) slumped 34% this morning after they threw the towel in on T/O talks. Glad I didn't invest there!
 
Long recovering. They're doing ok as a business in their sector but the price surged amidst T/O talks and has basically fallen to just above what it was prior to that.

Their share price doubled in January (because of the speculation) so they may be worth a punt. They're certainly not going under so even if the short trade fails they'll recover over time.
 
Mouchel plunges as it rejects takeover offers http://tgr.ph/gnuuxK
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Takeover offer can be a fair guidance to value sometimes. Tullow turned one down before eventually getting bought up.
Heritage turned one down I think, its quite common for companies to refuse and then some time after be valued higher.
That is the standing for the refusal I would guess, its not a good enough offer.
Enough reason to take interest on the lower price I'd say






BP plunging back down, topped up a bit just before they did so \o/
461p is an old buy level I have, recovered a bit from there today

ace investor neil woodford says bp and shell both suck, they spend too much on exploring apparently

I can think of worse things to own. ex div 5th may


Caza didnt take off, they hit the end of the run way. Continue to drift down but I dont mind so long as they have more or less stabilised


Was looking at VGM again, that stupid 50:1 share swap messes my chart up. 2.39 old price is a decent level for a couple reason which equates to not far off this price.
Didnt buy anymore, looking for nearer to 110 and need to read if anything drastically wrong

Dollar worth trundles upwards and so gold pulls back down which hurts expensive mines like VGM. So I reckon I'll see my price hopefully


GPX is near a target buy price for me. Not sure of particular news except Iraqi troubles. PE of 14?
Gulfsands (LON:GPX) is one of Citigroup’s top picks in the oil exploration and production sector, despite the fact that all its assets are in the troubled Middle East and North Africa region.
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Now I remember they are into Syria a lot and the entire government just got sacked by the premier/despot who is an ex London GP believe it or not


Bought back some more GKP today because the recent selling has been low volume and theres a good enough chance they could see another spike up again. That'd fit with their continuing exploration despite various regional troubles
 
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Domino's took a hit today after posting lower than expected profits (albeit still profit). Some crazy surgers too - China Shoto and Deltex Medical. It's those kind of stocks that makes hindsight the **** it is :p.

I'm sure most people know of it here but I'd implore any newcomers to use www.advfn.com. It's free but gives realtime prices, rather than the 10/15 minute delayed ones you see on LSE/iii/Google etc.

Sold out of ORE today also, simply because a) it's on the way back down b) I still got out with 9% profit and c) I'm wanting to sell all my stocks while I read the Naked Trader anyway :). Again, thanks for the initial tip!
 
Simon said:
£10,200 is the limit for the cash INTO an ISA for this tax year. You can sell shares and have 20k and then reinvest the cash in more shares as long as the money doesn't leave the 'cash account' part of the ISA.

I'm hoping to exit RRL shortly and get back in via my ISA allowance that's left for this year.
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Which self select ISAs would you recommend?
 
freebooter said:
Which self select ISAs would you recommend?
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I only have experience of HSBC, however I was looking on my Halifax reward account demos last night and their account looks ok.

Thing with HSBC is that you get the buffer of the settlement account. So whilst it takes 3 days to get the cash into your current account from a trade, you immediately see the value in your settlement account.

This is useful - For example, I sold RRL from my normal account and could immediately buy them back in an ISA with less risk of a higher re-entry point than if I had to wait 3 days.

It's basic in terms of tools etc, but it's very easy to use and suits my needs
 
Does anyone have a good resource on ISAs that I can invest out of? I'm not in danger of CGT yet, but I'd like to move my portfolio across.
 
I find the whole S&S and equity ISA options quite overloading and confusing. I'm looking for somewhere that explains most of it, risks, limitations etc, and provides a comparison of the offerings from different institutions. I could sit down with my bank and let them sell me their offering, but I'd rather take a wider view.
 
gord said:
I find the whole S&S and equity ISA options quite overloading and confusing. I'm looking for somewhere that explains most of it, risks, limitations etc, and provides a comparison of the offerings from different institutions. I could sit down with my bank and let them sell me their offering, but I'd rather take a wider view.
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Its not really that complex. In the S&S part, you can invest in LSE traded equities, and gilts/bonds as long as they redeem in >5 years. You are exempt from all CGT.
 
Looks like GVC is about to breach 130p... is anyone else still in this one?

10 cents per share dividend also due in May, Ex Div in a few weeks.
 
So whilst it takes 3 days to get the cash into your current account from a trade
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Halifax does that, you cant take the money out but you can recycle it right that minute. Ive been told iii has a stock isa thats easy to use, simple and cheap if thats what you want

Lows of Caza have hit the lowest price for it not to break the overall gains in the share. Any more and it'll be a failed /false move like vgm.
Even if it does that the trend from lows of 2010 would make lows of 25p now fairly realistic.
I guess anything is possible when a stock goes from 5p to 66p in 4 months, it can and does sometimes completely reverse

VGM is spending 1400 dollars for every ounce of gold they mine :eek: That is shocking no wonder people are running for the hills.
Long term I do think they'll make it (some of costs are development) but obviously I messed up buying this share too early, I did not gauge sentiment well. Selling was justified

BP criminal charges loom, I see the share price is drifting not crashing lower. Im not seeing higher vol but my platform sucks.
Good paid for data /graphs if you are handling a lot of cash is a good investment

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I find the whole S&S and equity ISA options quite overloading and confusing.
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ISA stocks must listed on a main exchange. Aim isnt one

But some aim stocks are listed on TSX or ASX like RRL is and that means they can be in an ISA and free from capital gains tax which is useful when it goes up 300%. The gain has to be over 10k or so per year to be taxed

RRL is drifting, no pressure for the next 4 weeks. Short term negative

CNR is on a bit of a ramp. 8.6 is 5 day average price. 8.2 and 7.2 (highs of mid Jan) if it falls off
 
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If I've just opened an ISA, can I put £10.2k into this today, and then open another ISA from 1 April and deposit another £10.2k (ie in the next tax year)? The wording of the ISA limit seems to differ from bank to bank so just clarifying.
 
Simon said:
Does the 30 day rule apply on stock sold out of a normal account and rebought via an ISA.

Thanks
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Isnt that 30 days to avoid capital gains and isa is exempt anyway. I think its ok, not an expert I dont use ISA much

http://www.fool.co.uk/Your-Money/guides/Capital-Gains-Tax-Share-Identification-Rules.aspx
there are a number of similar ideas that may still be of use (such as selling shares outside of an ISA and then rebuying within an ISA
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1 April and deposit another £10.2k (ie in the next tax year)?
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Two tax years is fine but new tax year is 5th April usually so next Weds is 2012 apparently

NI up by 1% I see

http://webcache.googleusercontent.c...l=uk&client=firefox-a&source=www.google.co.uk


Sold some Hyder bought Lloyds Bp Gulfsands

Bp downside targets are 453 441 and it needs to be easily beating 461 and 476 this week to be considered positive I think
 
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