Trading the stockmarket (NO Referrals)

[ripperOFflesh]

very interesting artical

 

[booyaka]

Long term hold for all for me. RBS, GWP and SL.L.

No point in selling at the moment as the market is very unstable and selling now and jumping to another stock(s) is a very tough game.

I'm sitting tight and waiting.

Despite all the recent falls, I'm still in profit from when i bought the above shares.

 

[verbal]

I've just bought Lloyds, HMV and National Grid.

Thinking about buying one of the smaller mining/exploration companies (oil or gas not coal) but it's hard to pick one and hard to find information I trust.

 

[mcast123]

Obama is just blowing smoke, the banks will go back up.

This just give you a chance to top up a little.

Not a wise idea, as I said, this year could get very nasty for the markets. I'm watching for a breach of the lows last year.

 

[( |-| |2 ][ $]

I bought Barclays shares six months ago. OMG I could cry.
The sad thing is I know they're not going back that high again so I'm considering buying more so I can break even on a 50p rise lol.

At least it wasn't big money.

 

[Simon]

I bought Barclays shares six months ago. OMG I could cry.

Im still up on them (bought at 220p) Should have sold at 380 but was waiting for the physcological 400p.

I hope they recover a bit as I don't wanna see a return to last years low. Although I do get my bonus in March if I felt brave enough to put even more in banks

 

[silversurfer]

waiting for the physcological 400p

Thats why it never got there, too many people looking to sell at a round number.

If you compare their market cap, the price x share base they are currently the same price as early 2008 I think though they do have lehmans now to be fair

http://www.stockchallenge.co.uk/ftse.php

 

[Simon]

Yeah was a silly idea in Hindsight

 

[silversurfer]

Ive done much the same thing unfortunately, thats human nature. Same for buying, waiting for 100 and it only goes to 110 then back upto 200 or whatever.

I scale into a lot of positions and sometimes out of also, because Im not good on this trigger finger factor
A trailing stop loss can be better.

Im currently wondering if friday was low for the mean time, my guess is this down move is larger then just one particular week or month even though right now its apparently all about spain and greece debt to deficit spending.

I dont see uk is much better off though we have less debt to roll over short term apparently but the two countries above need the money now to pay the bills? hence the fear in the market

 

[ac1d1ty]

I really want to get into the stockmarkets, but Its so expensive for each transaction

 

[Simon]

I really want to get into the stockmarkets, but Its so expensive for each transaction

How much are you planning to invest?

 

[sicknote]

I cant stop buying MWA. Now holding over 400k and the same in AST. Waiting on a few updates from both companies so fingers crossed.

Still holding MNR with an average of 11p odd.

Also still in PMK, LGO and HZM.

 

[Dr House]

I bought Barclays shares six months ago. OMG I could cry.
The sad thing is I know they're not going back that high again so I'm considering buying more so I can break even on a 50p rise lol.

At least it wasn't big money.

Well you must be even by now?

I sold up my XTA today, Have my eye on yell again if they fall anything under 36p.


how are others doing now?

 

[Simon]

Banks looking a bit better. UEN have flew up the last few days, I only have a few hundred but its better than the situation a few months ago where trading was suspended.

 

[Fuzz]

I'm still holding SOLO, had a bit of good news come through late last week about another company (Tullow) switching concentration to the same area that SOLO are in, (suggesting that this area has a better likelyhood of a good strike.

Still waiting on actual results though, even if terminal depth is reached as planned and on target (End Feb) they still have to wire line the bore hole and "test" what's down there.
Been holding since November. currently about 10% above what I got in at.

 

[Dr House]

Does anyone have any thought on what the market will do over the next few days?

I just pulled out of XTA with a 5% profit (I invested on 2 working days ago), I dont know why but I have a voice in my head telling me that its time to sit on the cash and not buy back in.

 

[Fuzz]

5% pfff..

Mine went up more than 50% last week sometime.
Although a good opportunity to profit take I'm in it for the longer term so I'm back down now watching them hover around 20% up..
Penny shares lovely and volatile

 

[silversurfer]

House I have some short positions on the market but really there is not a clear cut argument for it and we are not due a crash or anything exciting like that

The main problem with the argument for being short is currency weakness. The fall in cable has been dramatic recently and now even vs the rioting greek euro we are also weak.

shares are priced in pounds and many of those shares are international or non uk companies which means in pounds their assets priced in £ then appears higher and so it might seem the index is stronger then it should be and I agree but theres no good case for our currency

http://news.bbc.co.uk/2/hi/business/2542445.stm

http://www.marketoracle.co.uk/Article2441.html



I saw Solo has done well and is anyone in GKP, thats another popular oil with small holders I think

 

[silversurfer]

 

[naknakkus]

I have around £2500 to invest. Does anyone have any advice? I bought the FT guide to investing, but I'm finding it quite hard-going. I should mention that I don't already have an ISA (stupid, I know) and I'm interested in long term growth.

Index tracker?