Trading the stockmarket (NO Referrals)

[isonomicjedi]

So I read the signs wrong for British Land (BLND), and sold too early, but taking a p-rofit can never be seen as being a bad trade.

The pull back on the FTSE that I expected has not yet happened and with results out on 14th (i think) there is still a small upside to them.

On another note I took a punt on Gulf Keystone Petroleum this morning with a speculative buy of 3000 @ 130.50p.

The ongoing court battle is awaiting judgment and with that and other uncertainties surrounding GKP there is cause for much volatility.

As I stated, THIS IS A PUNT, and i could see a large loss but I'm prepared to take the risk on what is a relatively small position for me as the possible upside is greater than the opposite IMHO

 

[Cavallino]

isonomicjedi - May I ask who you trade with?

 

[isonomicjedi]

isonomicjedi - May I ask who you trade with?

Yes I've got a SIPP with interactive investor and a trading account with Barclays

 

[Cavallino]

Ah you trade within a SIPP?
I just started trading with Barclays but within an ISA.
Your buy on Gulf Keystone, over what period you envisage keeping this position?

 

[isonomicjedi]

Ah you trade within a SIPP?
I just started trading with Barclays but within an ISA.
Your buy on Gulf Keystone, over what period you envisage keeping this position?

With a stock as uncertain as GKP and with the possibility of either fantastic or terrible news it is buy to keep my eyes on for any substantial upswings where I will take my profit and run.

I have set a 90 day sell order @ 220p and will keep it until it hits that price, ignoring drops.

I may have to wait 2 years or it could hit 220p within 2 or 3 months.

It is a bit of a casino punt on this stock

 

[silversurfer]

I reckon 100 is possible for GKP, somewhere between 117 to 80. Its up today but Im not buying
There is lower prices and have higher volume with that. Thats really not bullish then, selling backed by conviction of some sort so we need an event of equal magnitude to at least arrest the dive.
So long term, think I will contrast to election for that reference. Its moving on news most likely, Im not aware

GENL on the other hand in the north doing well enough

BLND broke res. target is 660 to top out like 2011 and FTSE trend since April 5th has been good, it hit bottom twice (18/4) which is worth backing (easier to see in hindsight always)

Out of interest, is my understanding correct, if LLOY was to buy back their stake from the government, would the shares get even greater diluted hence sending the price to fall like a stone?

The shares already exist, who holds them is secondary to that. But sure, if shares come out of long term hands and start flooding the market.
It could be like quicksand, excessive supply of Lloyds shares could bring the price down.

Price wise, its down but value wise it makes no difference the company market cap I believe already includes government shares ? buyback is bullish usually, Apple and Intel ramping up programs now

By the way, you think that everything seems to be rather swimming at the moment, that something may come and eat away at these rather high gains we've seen lately?

Politics eclipse reason at the moment, so I expect it to not end so well. FTSE is about flat since Aug 2009 value wise, whatever the news higher prices lower value I think
In more words:

Spoiler

FTSE is a price but also a currency, stocks/sterling so its always a sea/saw over which value is rising fastest.
If sterling is doing very well, it puts pressure on stock prices (unless maybe sterling does well because our trade balance is so good? its a very wobbly sea saw )

Its the goldfish bowl effect we are in, the man in Qatar who owns many FTSE stocks isnt in the bowl and sees value different. I think FTSE is generally ok because Sterling is generally so likely to fall in value. So price will rise and you wont be any richer.
You say 'rather high gains' my point would be there arent really any. In terms of a 1917 sovereign pound coin or a 1964 US dime FTSE is flat since Aug 2009

Also Gold/dollar The gold is not changing, the price of dollars are moving relative to it, Dollar gained value recently.
So I would not judge the price, guess the supply and demand of both, gold production, demand and also dollars produced and demand.
The stability of any price stands on those four factors is my take

 

[mayweather12]

The shares already exist, who holds them is secondary to that. But sure, if shares come out of long term hands and start flooding the market.
It could be like quicksand, excessive supply of Lloyds shares could bring the price down.

Price wise, its down but value wise it makes no difference the company market cap I believe already includes government shares ? buyback is bullish usually, Apple and Intel ramping up programs now



Politics eclipse reason at the moment, so I expect it to not end so well. FTSE is about flat since Aug 2009 value wise, whatever the news higher prices lower value I think
In more words:

Spoiler

FTSE is a price but also a currency, stocks/sterling so its always a sea/saw over which value is rising fastest.
If sterling is doing very well, it puts pressure on stock prices (unless maybe sterling does well because our trade balance is so good? its a very wobbly sea saw )

Its the goldfish bowl effect we are in, the man in Qatar who owns many FTSE stocks isnt in the bowl and sees value different. I think FTSE is generally ok because Sterling is generally so likely to fall in value. So price will rise and you wont be any richer.
You say 'rather high gains' my point would be there arent really any. In terms of a 1917 sovereign pound coin or a 1964 US dime FTSE is flat since Aug 2009

Also Gold/dollar The gold is not changing, the price of dollars are moving relative to it, Dollar gained value recently.
So I would not judge the price, guess the supply and demand of both, gold production, demand and also dollars produced and demand.
The stability of any price stands on those four factors is my take

Took a very small profit today with LLOY being up this week, breaking that 57p barrier once again. Took it because I sense that its a little over blown the price that is and there is potential to a fall back, which ill buy in again at circa 50p.

 

[Vanquish-Storm]

My shares in Ocado are up a fail bit! Just trying to recalculate my stop loss every day now.

Dipped a bit today though.

 

[Vanquish-Storm]

My shares in Ocado are up a fail bit! Just trying to recalculate my stop loss every day now.

Dipped a bit today though.

Boom up 14% today. Finding it difficult to keep my calculations up with this one!

 

[BennyC]

I opened my S&S ISA with a first purchase of Ocado @ 185, in a panic & my naiveity I sold at around 150, regretting that today though!

 

[Vanquish-Storm]

I opened my S&S ISA with a first purchase of Ocado @ 185, in a panic & my naiveity I sold at around 150, regretting that today though!

I bought at around 138 (only a month ago!) up to 238 today!

Some people have bought these shares at around 90 and some even less. A lot of people sold last week when they hit 180 but they seem to keep going up and up.

 

[BennyC]

I bought at around 138 (only a month ago!) up to 238 today!

Some people have bought these shares at around 90 and some even less. A lot of people sold last week when they hit 180 but they seem to keep going up and up.

It seems to all be on speculation? Morrisons shares have fallen recently as have profits I think? (might be wrong) They're in talks about online retailing but nothing has yet been confirmed. Ocado are obviously well established but there's nothing to stop Morrisons doing it themself except the cost & buying in the knowledge. At least that's how I see it.

I think Waitrose has an exclusivity agreement with them until 2017 anyway?

 

[silversurfer]

Im generally bearish on retail at least in this country, maybe if you told me you had a way to improve efficency and lower costs in India and get past their regulations I would be impressed.
Here I dont think much of it, all I own is Tesco because I lke their lateral growth potentially at least and they also are abroad, again with mixed results
I owned Sainsburys last year, should have kept them



Lloyds is interesting, they are metabolising. I raised a stoploss on some but mostly I will keep it long term and still cheap. It can double - or more likely I think it will pay a div at some point, reduce its debts and assets to extricate the behemoth !


I sold some Petropavlovsk because its acting a bit weak, it can go up 10x in theory but has massive debt. Gold could break down again, its hanging now between two possibilities like the end of the Italian job.
Iam bullish overall but exiting with small profits and reducing my exposure is probably a lesson I need to learn

I took some VGM and I think CEY is probably a buy overall though it fell 20% today, more politics and (potential) troubles.
Centamin is making a ton of money, lowest priced big gold profits in the world maybe - no debt. Potentially they could lose their license and nationalism wants that but they already split half of what they make so its not best for Egypt to do this imo
+CNR [v.weak]

Boom up 14% today.

I usually advise on vast profits to at least get your original money back. Some guy asked about this once and did so, not long before the company went broke. Not a happy ending but theres nothing much to regret on being flat at least and I doubt Ocado is that extreme but still, markets always (over)speculate on the next results

 

[Vanquish-Storm]

I usually advise on vast profits to at least get your original money back. Some guy asked about this once and did so, not long before the company went broke. Not a happy ending but theres nothing much to regret on being flat at least and I doubt Ocado is that extreme but still, markets always (over)speculate on the next results

So would you advise on selling while they are high? The only thinking I have at the moment is that they have shot up so much already and they may go higher but that could just be tunnel vision!

 

[isonomicjedi]

So would you advise on selling while they are high? The only thinking I have at the moment is that they have shot up so much already and they may go higher but that could just be tunnel vision!

It totally depends on your situation.

How much of your allocation you have in said stock, what returns you are looking for.

I tend to have my bigger allocations for the long term. 3-5 years

and smaller allocations for riskier stocks that I take a profit as I get a 10% - 20% return.

Then I hunt out another stock that might also give me a short term 10% - 20% return.

 

[Dr House]

Bought GSK a few days ago.

Nice safe place to sit as I feel risk overs right now

 

[silversurfer]

Invesco Perp holds them and similar, I'll hold that fund again at some point as a way to stay in the market without fear of 'buying at the top'
I sold global tech tracker fund and I took some junior oil though its done bad, I think Caza is doing ok & oil is cheap at $86 average sale

advise on selling while they are high

I cant advice. Gauge their price vs the prospects for growth.
I read the most solid way to value is ten year average PE. Impossible to do with ocado . Are they are more efficient is probably the question, if they lower costs vs alternatives they'll win business.
If the price is high look at fundamentals like their warehouse system, or is their CEO a clever guy

The 20% thing is what I used to do as well. Thats a fair gain, invest, profit, sell and look elsewhere. Optionally you can hold onto some as part of the profits.

You wont get super rich that way though, some stocks do go up 1000% so 20% would have to repeated often to match and most of us mortals cant repeat success that well

https://en.bitcoin.it/wiki/Block_chain
I might have been wrong on Bitcoins. I was told or I read they process useless data, now it turns out they are transforming transactional data if I read it right.
If there is a utility to their product and work done, its viable long term. Supply, demand, price becomes more then speculation. Would be amazing and I still prefer gold personally
Every successful product must handle competition, maybe it has a place if it is useful.

Dollar system of global trade has serious problems in future I think so alternatives are likely to take off in various ways. Gold the most obvious base as its inert and indestructible, bitcoin relys on its network

A full copy of a currency's block chain contains every transaction ever executed in the currency.

 

[Simon]

Interesting MTV news. Tablet TV technology that doesn't need the Internet

 

[Firestar_3x]

Interesting MTV news. Tablet TV technology that doesn't need the Internet

Yep, they have been doing this in the states for a while, we now have a income stream due to software integration into set-top boxes, patents won, they just need to post possitve contract news and hopefully we will be away.

Clearly with a share issue or two along the way

 

[Cavallino]

Folks, may I ask, are you all trading on ISA/Trading accounts or are you spreadbetting?