Trading the stockmarket (NO Referrals)

[k3v]

I lost £1k on jarvis a couple of weeks ago.......

 

[ajstan]

I'd like to see the banks go up nowww lol - put some money in lloyds this morning..

 

[Simon]

I'd like to see the banks go up nowww lol - put some money in lloyds this morning..

Bad timing!

 

[ajstan]

Bad timing!

I plan to keep it in there for ages (over 2yrs probably) so I should be fine, I got it at about 65p so its all good

 

[silversurfer]

“You want the truth? You can’t handle the truth. Son, we live in a country with an investment gap. And that gap needs to be filled by men with money. Who’s gonna do it? You? You, Middle Class Consumer? Goldman Sachs has a greater responsibility than you can possibly fathom. You weep for Lehman and you curse derivatives. You have that luxury. You have the luxury of not knowing what we know: that Lehman’s death, while tragic, probably saved the financial system. And that Goldman’s existence, while grotesque and incomprehensible to you, saves pension funds. You don’t want the truth. Because deep down, in places you don’t talk about at parties, you want us to fill that investment gap. You need us to fill that gap. “We use words like credit default swaps, collateralized debt obligation, and securitization? We use these words as the backbone of a life spent investing in something. You use ‘em as a punchline. We have neither the time nor the inclination to explain ourselves to a commoner who rises and sleeps under the blanket of the very credit we provide, and then questions the manner in which we provide it! We’d rather you just said thank you and paid your taxes on time. Otherwise, we suggest you get an account and start trading. Either way, we don’t give a damn what you think you’re entitled to!”

http://www.upsidetrader.com/2010/04/28/you-cant-handle-the-truth/

 

[Simon]

I plan to keep it in there for ages (over 2yrs probably) so I should be fine, I got it at about 65p so its all good

Hmm seems i spoke to soon anyway, massive turnaround today!

 

[robgmun]

yeah nice bounce!

Helped by GB as well i think, damaging a chance of a hung paraliement

 

[dowie]

Goldman Sachs has a greater responsibility than you can possibly fathom. [...]

And that Goldman’s existence, while grotesque and incomprehensible to you, saves pension funds.

You sure about that?

And there was me thinking they are basically just a big boiler room...

 

[silversurfer]

I think they do hold investments but are mostly traders. For example only now are some of Lehmans holdings being released from bankruptcy

Im for glass stegal being returned personally, keep the positions of buyer, seller, marketmaker and producer all separate otherwise its legal inside dealing it seems to me

I plan to keep it in there for ages (over 2yrs probably) so I should be fine, I got it at about 65p so its all good

Will you keep a stop loss at 65.
Ive only just recently realised how important the simple of idea stoploss vs target or risk vs reward is when considering a purchase (or sale) is.
Its forces rationalisation over gut reactions

 

[booyaka]

Nice 10% rise in GWP shares today. now showing 125p.

Nice health 120% profit for me inside 9 months. Awaiting interim results due 18th May and hopefully update on the national application for Sativex in UK and Spain - I would expect the MHRA and Spanish authority to approve around this time if not before

2) Other regional licensing deals e.g. Asia Pacific
3) update on U.S. NDA application

 

[Duke]

RBS seemed to be on a good trend still, so went back in

 

[ajstan]

RBS are doing well today, at what price did you buy back your shares?

 

[Duke]

About 56.5. Will keep a close eye on them though, with the election this week. I got a bit nervous a few days ago with the Greek things so thought they would dip more than that but maybe not it seems

 

[ajstan]

I'm a little worried about Cameron coming in and selling all the governments share, would send mine in Lloyds tumbling I think

Will you keep a stop loss at 65.
Ive only just recently realised how important the simple of idea stoploss vs target or risk vs reward is when considering a purchase (or sale) is.
Its forces rationalisation over gut reactions

Just saw this, I could do this, but it's probably best after the price clears 70p for example (assuming it does), otherwise it could briefly drop under and go back up. Then I would have lost the money it cost to buy the shares (about £15).

Or am I missing the point?

 

[Simon]

Pretty rough day today. I notice Rio are near to 3000 too.

I'm tempted to get into BP soon, although I'm off on holiday without computer access for two weeks which feels uncomfortable for some shares

 

[gord]

Still 0 confidence in Europe and the election. If BP fall much more they will be a viable buy but I want to see how their funnel solution works first.

 

[Duke]

I'm just going to stay in for now. They should go up after the election, maybe a bit of hung parliament or more if Tories get a majority.

BP do looking tempting though.

 

[Simon]

I have loads of BP I can't touch yet (employee schemes)- but I can see a easy 15-20% return within 3 months, plus long term they offer a good dividend return.

Price may drop a bit more but it appears the market price has factored in the worst case scenario, as things change I expect it to recover, especially if they cap it before oil hits the coastline

 

[Simon]

Still 0 confidence in Europe and the election. If BP fall much more they will be a viable buy but I want to see how their funnel solution works first.

When you back on COD?

 

[gord]

When you back on COD?

Sold MW2, bought the Z4 with the trade-in cash.

Not really feeling gaming at the moment, taking a sabbatical. Some AAA title will undoubtedly get me back onto it.. like Alan Wake..

Good point about BP though, may be worth some investment now in-case they do get a good cap on the oil and the damage is reduced significantly. That said, I think the American government are looking to make them the bad guys in all of this. I'll be keeping my eye on them.