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Trading the stockmarket (NO Referrals)

Discussion in 'General Discussion' started by mcast123, 2 Apr 2009.

  1. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,648

    Location: Higher Walton

    I guess it's closely tied to Asos and Boohoo, who have both dropped substantially due to revised profit statements due to high transport costs.
     
  2. Psycho Sonny

    Perma Banned

    Joined: 21 Jun 2006

    Posts: 38,365

    Anyone investing in a football club with a ridiculously massive wage bill and Ole at the wheel needs their head examined
     
  3. Metalface Mark

    Capodecina

    Joined: 26 Dec 2005

    Posts: 15,477

    Location: Paisley

    Fantastic day yesterday in the uranium sector, roughly 15% across all the stocks. Aussie stocks went mental last night with them up 20-30%.

    Only a smidge off my previous high, first day ive had 5 figure gains which was nice.
     
  4. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,448

    Location: Stanley Hotel, Colorado

    Price of energy helps them generally I guess. commodities in general will react to inflation, its why I think FTSE does ok as it has so much compared to other main market indexes.
    I sold most of my RDSB because it hit an order I had set, though I've forgotten why I was so sure to do that. I will buy back a few gradually as I hope they can get to 20 etc. Also IGG I think is ok to buy not too expensive, sold JII and see if it goes back to 700 prices
     
  5. Metalface Mark

    Capodecina

    Joined: 26 Dec 2005

    Posts: 15,477

    Location: Paisley

    The uranium spot price jumped a whole 8 dollars today, another fantastic day.

    baselode published their drill results which caused their stock to rise 46%, although its settled down to mid 30s now, another crazy day
     
  6. djay

    Wise Guy

    Joined: 29 Oct 2002

    Posts: 1,533

    Uranium stocks have gone mental the last few days!! With Macron also announcing France's $35B innovation plan to include nuclear reactor funds and the talk of Small modular reactors, it all looks good for nuclear for the next few years potentially!

    I hope so anyways as I need to retire, I'm bored of working for a living :cry:
     
  7. Metalface Mark

    Capodecina

    Joined: 26 Dec 2005

    Posts: 15,477

    Location: Paisley

    Glad you didnt sell your stocks, Aussie market has been especially mental the last few days, expecting good things tonight.
     
  8. Trig

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,069

    Location: Leicestershire

    I looked but didnt bother dipping into Uranium, surely the gains over the last few days are just recovering the dips from the last few weeks?
     
  9. djay

    Wise Guy

    Joined: 29 Oct 2002

    Posts: 1,533

    Nope!!! In fact I have just kept adding to them in tranches as I was advised to by a friend from long ago. Will definitely thank him one day hopefully if this goes the way he said it would!! I owe him!
     
  10. Metalface Mark

    Capodecina

    Joined: 26 Dec 2005

    Posts: 15,477

    Location: Paisley

    If you look at the long term chart, uranium is very volatile, it is also easily manipulated, conservatively we should see 5x gains on most stocks from here, some like baselode it could be a 20x + gain. As before id suggest people follow Justin Huhn's uranium market minute on youtube who does a nightly briefing and talks about it all.

    You know where to find me :D
     
  11. Trig

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,069

    Location: Leicestershire

    I might take a look, I am trying to get out of individual shares though and go more towards the funds side of things as don't have the time to DYOR at the mo.
    Any specific companies that should be on the radar?
     
  12. Metalface Mark

    Capodecina

    Joined: 26 Dec 2005

    Posts: 15,477

    Location: Paisley

    If you are looking at UK funds, ive got a portion of my pension in Geiger Counter (GCL). I bought at 50p a share, currently sitting at 62p. I did have them as part of my portfolio before selling them to go individual, i think i bought originally at about 35p a share, selling at 40ish.
     
  13. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,648

    Location: Higher Walton

    Dammit, i set up a pie in Trading 212 yesterday with Boohoo, ASOS and THG in, was waiting till i received some money tomorrow to make one payment rather than doing a bit yesterday and more tomorrow. ASOS is up 3% and THG is up 6% today :(
     
  14. RoboCod

    Capodecina

    Joined: 19 Jun 2004

    Posts: 19,088

    Location: On the Amiga500

    It's still worth jumping in on THG.
     
  15. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,648

    Location: Higher Walton

    Yeah i think i will, have you been following? Is their drop just the same reasons as Boohoo whereby it's been crazy transport costs or is there something else to it?
     
  16. thedazman67

    Wise Guy

    Joined: 24 Apr 2004

    Posts: 2,038

    Location: Warrington, UK

  17. RoboCod

    Capodecina

    Joined: 19 Jun 2004

    Posts: 19,088

    Location: On the Amiga500

    Yup, completely down to themselves and now they're putting a plan together to get investors back onside.
     
  18. Trig

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,069

    Location: Leicestershire

    And if that fails it wasn’t a good idea to chuck money at them….
     
  19. RoboCod

    Capodecina

    Joined: 19 Jun 2004

    Posts: 19,088

    Location: On the Amiga500

    It's always a gamble.
     
  20. inferno

    Wise Guy

    Joined: 23 May 2004

    Posts: 2,025

    Why are you guys getting involved in clothing companies, hardly very exciting and fast fashion can fade very fast. Get into us tech stocks that are actually changing the world. I wish there were some uk ones but there aren't.