Tuesday, 17 February 2009

Update on positions

ICAP - bought in at 289p - dropped since I bought and seems to have real issues getting up above resistance at the 230-235p mark.  I am holding this as expecting upcoming Q1 results to be good and like the company as a longer term prospect.

SDL - bought in at 298p hoping for a breakout above 300p which happened momentarily but the shares have now settled back around the 290p mark.  I'm still in this one though and will take profit at 330p 

STAN - opened a spreadbet long this AM at 713p (strong support around just under the 700p level with a lot of upside) - they might well drop below this for a bit at the moment but i think in the run up to their results there are going to be an increasing number of buyers.  STAN has popped up all over the place recently meaning that buyers in the market are very interested and with good results this stock could very easily sneak out above 1000p again (a line it has tested and failed to break for 2-3 months now)

LLOY - disapointment on this one, but I always said that banks are a tough one to call at the moment, not least pre-dominantly British ones.  They are walking a tightrope and I am banking on their not being a run against them or the govt stepping in - this is not a trade and is a gamble that could pay off very handsomely.  As soon as this one nears triple digits i'm out! 40-50pc return on this would be nice but right now it is so hard to call and frankly no one knows! 

Dialight - Tipped by Robbie Burns - i like the look of this share but want to monitor it more closely for a bit before I buy into a dip.  This will be one to look at on a hopeful closeout of my Lloyds (LLOY) play. 

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