Well the FTSE is still in limbo and it's been a bit boring on the trading front although I am back well into profit, recovered my £100 loss and made a further couple of hundred quid so am happy withthat.
Work has been mental of late so not spent as much time scanning my shares as I might have liked.
Still this afternoon i have managed to have a gander and well I found something rather shocking. Formjet - a firm I was looking at but consdiered too risky to invest in a couple of months back is up 45% on the day. Very, very frustrating! Then again you might remember on a previous post I tipped Sinclair Pharma at just under 30p - its done nothing but slide since so its all swings and roundabouts. I'm glad on that basis that I did not buy either of them to be honest!
Well the new one on my watch now is another tech company that Qonnectis is in a good high performing sector (Computing /IT Services) which has been battered of late but getting its act together with a new board. I'll see what happens with the macro-economic environment first before getting my feet wet!
Another buy that I jumped into was AXS. Very odd firm but again in a good sector that is performing well. I'll write more about it later but i'm already a good 15% up and due to see a CEO presentation in a couple of weeks where i will then hopefully learn a lot mroe around all of this. For now it was a purely technical trade with a quick look at promising fundamentals - i don't like to get bogged down in detail. I don't think it is necessary and well my approach has always worked well for me (well sometimes!)
Friday, 19 June 2009
Monday, 15 June 2009
Stung for a ton.
Hopped in too early on my FTSE spreadbet and got knocked out for £100. I was greedy and instead of going for the range I went long £4 / point at 4360. I'm back in again though @ 4320 and confident this one will be okay.... (target of 4480)
I think today it looks like the whole market got hit by Walmart downgrades causing a tumble on Wall St. Still, volumes are low and the 4300-4500 range has not been broken so hopefully all will be well again. HOPEFULLY!
I have a couple of stocks I'm going to be taking a look at tonight and will update the blog then. Other than that I'm just dabbling here and there but waiting for something to happen in the market now!
I think today it looks like the whole market got hit by Walmart downgrades causing a tumble on Wall St. Still, volumes are low and the 4300-4500 range has not been broken so hopefully all will be well again. HOPEFULLY!
I have a couple of stocks I'm going to be taking a look at tonight and will update the blog then. Other than that I'm just dabbling here and there but waiting for something to happen in the market now!
Thursday, 11 June 2009
All a bit quiet
Well the FTSE is still range bound 4300-4500 so making some good profits playing on this trade on the spreadbets but this is making the trading side of things a little quiet from me!
Other than that all has been a little quiet - i was going to take advantage of a dip in SYNC to buy some more but looks like i don't have enough free cash in my ISA at the moment. Tempted to move some across to my dealing account or i could just buy it in my new Barclays Stockbrokers account ISA - they are trading at the bottom of the range (in line with the FTSE so not worrying me)... will let you know what I end up doing on all of this.
Uncertain times means I am generally clear of buying into anything new at the moment although i am taking advantage of any dips to pick up on stocks that I really like as and when they come along!
Other than that all has been a little quiet - i was going to take advantage of a dip in SYNC to buy some more but looks like i don't have enough free cash in my ISA at the moment. Tempted to move some across to my dealing account or i could just buy it in my new Barclays Stockbrokers account ISA - they are trading at the bottom of the range (in line with the FTSE so not worrying me)... will let you know what I end up doing on all of this.
Uncertain times means I am generally clear of buying into anything new at the moment although i am taking advantage of any dips to pick up on stocks that I really like as and when they come along!
Friday, 5 June 2009
A day for the tech stocks - Sync (buy); Telit surges
Synchronica has dipped down a good 10% over the past few weeks, I made a play on this previously and netted a nice few £ out of it. Well it's at a nice entry price again so I am going to buy back in.
I think this company is brilliant. Their mission statement is to effectively get push email onto any phone in the world. They also offer mobile backup solutions for network operators. With the trend as I see it moving from high end, high spec phones (saturated 1st world markets) to massively growing 2nd and even 3rd world markets, the ability to cheaply communicate via mobile will become that more important. Sync have signed a number of deals recently and are due to hit profitability later this year - at this point this stock will fly but right now I am just looking for a positive trading statement to see this above the 4p mark. I'm in at 3.35p and happy with that!
Telit today has flown - no RNS or other so there must be some news coming this way or i have msised a trick. Either way I am happy as this stock has slowly slipped since I bought it so to be up 20% on the day is fantastic. This is still a great buy and hold if you ask me!
I think this company is brilliant. Their mission statement is to effectively get push email onto any phone in the world. They also offer mobile backup solutions for network operators. With the trend as I see it moving from high end, high spec phones (saturated 1st world markets) to massively growing 2nd and even 3rd world markets, the ability to cheaply communicate via mobile will become that more important. Sync have signed a number of deals recently and are due to hit profitability later this year - at this point this stock will fly but right now I am just looking for a positive trading statement to see this above the 4p mark. I'm in at 3.35p and happy with that!
Telit today has flown - no RNS or other so there must be some news coming this way or i have msised a trick. Either way I am happy as this stock has slowly slipped since I bought it so to be up 20% on the day is fantastic. This is still a great buy and hold if you ask me!
Thursday, 4 June 2009
Another day, another stockbroker.... and maybe some profit in sight?
Got in on Debenhams at 86p for a spreadbet long... currently trading at 90.88pp so very happy indeed for jumping on that one after the rights issue news was disseminated. I was just using £5 a point to test the water and see how I felt on it so I might top up tomorrow if there is another dip as I think this could go some way!
Another rise today on my account which is good. Positive news is knocking about all over the place and a few of my trades are looking to break back into PROFIT. Yes, i know this is one day after posting a picture of doom and gloom! It really has been a rollercoaster..!
Carphone is the one to watch for tomorrow! I'm not expecting much movement personally because i think the absorption of Tiscali will be cumbersome and expensive and don't share the view that it will immediately start "adding value" to the business. I expect long term a great hold but I'll be watching from the sidelines!
On non-market matters, I have just got my Barclays Stockbrokers account setup as well after sending a very scathing message across to the guys at Selftrade. They seem to think that I am happily going to pay some of the highest trading fees out there plus an ongoing charge for my account per annun... well like the train drivers who want to go on strike this week (£40k per annun for a 36hr working week asking for a 5pc pay rise in the midsts of a recession... are you for real?!?), they can swivel on it! Barclays Stockbrokers - despite looking a little tired offers me free level 2 and my trades are going to be 30-50% cheaper depending on my volume and their staff are really helpful and polite. Well worth the pain of moving brokers if you ask me!
Another rise today on my account which is good. Positive news is knocking about all over the place and a few of my trades are looking to break back into PROFIT. Yes, i know this is one day after posting a picture of doom and gloom! It really has been a rollercoaster..!
Carphone is the one to watch for tomorrow! I'm not expecting much movement personally because i think the absorption of Tiscali will be cumbersome and expensive and don't share the view that it will immediately start "adding value" to the business. I expect long term a great hold but I'll be watching from the sidelines!
On non-market matters, I have just got my Barclays Stockbrokers account setup as well after sending a very scathing message across to the guys at Selftrade. They seem to think that I am happily going to pay some of the highest trading fees out there plus an ongoing charge for my account per annun... well like the train drivers who want to go on strike this week (£40k per annun for a 36hr working week asking for a 5pc pay rise in the midsts of a recession... are you for real?!?), they can swivel on it! Barclays Stockbrokers - despite looking a little tired offers me free level 2 and my trades are going to be 30-50% cheaper depending on my volume and their staff are really helpful and polite. Well worth the pain of moving brokers if you ask me!
Wednesday, 3 June 2009
Debenhams
I've just added this onto my watchlist. A lot of volume currently; good strong performance to date (most recent sales figures report 1.9% up on this time last year), massively reducing debt and outperforming peers.
I don't generally like retail stocks but am a big fan of Philip Green and it is good to see that they are actually expanding and looking to create 1800 jobs over the next 2 years. Impressive for any retailer at the moment!
The risk here is the stock is cyclical so due to fall further. I'll wait to see what happens with the macro economic environment and the market as a whole before entering this one, but I am watching closely.
Currently trading at 92.25 - if this one cracks 100 there is little resistance before and then 116p where I would set my limit order.
Tuesday, 2 June 2009
Looking to offload
My Selftrade account for the first time ever now has all my trades at a loss (most thankfully just the trading fees plus minor losses) - i am going to have to start being ruthless and cutting some out although I have held off. Mainly because my daytrading has been very successful and in a couple of weeks I have got over 100% return on my £200 starting balance - account now up at just under £500 and climbing.
Thanks to this I'm still on target, although my nice buffer is reducing daily.
My Workspace Group long is nicely up 80 quid (I sold £10 / point but still have £30/point open).. results out soon so I'll keep this open and move the stop going forwards.
Volex has really pissed me off as the 200 quid paper profit has quickly turned to a blunder of £140 loss... I'll be looking to cut this if it falls much more (very very annoying and a lesson learnt to look to cover as soon as you are in profit)
I spoke with a mate this afternoon about ITV which has been a very topical stock of late. I won't touch it personally, but it does look cheap and there are some exciting things going on there. Be great if anyone can post around this if they have any interesting thoughts!
My current holdings are: Asterand, Puricore, Volex, Vislink, Telecom Plus, Telit, Ultrasis, Connuaght.
Any comments or thoughts on my holdings would be appreciated! Especially where offloading is concerned. My current thoughts are that Puricore, Telit, Telecom Plus and Asterand are great stocks to hold longer term and not worry too much about a bit of volatility in the markets. Ultrasis is due a breakout so I'm happy with this. Vislink and Volex are the ones that I am dithering on offloading..
Monday, 1 June 2009
A time for playing FTSE
Hey All.
Apologies for lack of update. I've been a bit jittery around the markets of late so I think like most have taken profits where I can and started playing some the nice trading ranges. The FTSE has been fantastic for this and has netted me some nice easy £££ with a bit of day trading (good old bollinger > EMA > bollinger safety net).
Other than that I closed my spreadbet long as I stupidly had a margin call (opening too many positions that moved against me). Still I netted £100 return on that one!
I still have my Workspace Grp long going on - will keep this open and see what happens!
Volex - i was up a nice £200 quid on this (20%) and did not sell expecting more to come. then i bottled it and tried to sell, stupidly buying in the process. Decided that actually that was not so bad after all only for results to come out today which i think are very good but the market did not like the expectation of the same performnace in 10 as in '09... so I'm now long 2.2k with a profit of 40 quid if i sell out.... what would you do? Cut and run? I've not done so yet but I am tempted to!
Other than that I don't have anything for the moment - most of the volume plays are too risky for me right now as i think quite a lot of shares are fairly / over priced. I'l be sure to update if I find anything though!
Apologies for lack of update. I've been a bit jittery around the markets of late so I think like most have taken profits where I can and started playing some the nice trading ranges. The FTSE has been fantastic for this and has netted me some nice easy £££ with a bit of day trading (good old bollinger > EMA > bollinger safety net).
Other than that I closed my spreadbet long as I stupidly had a margin call (opening too many positions that moved against me). Still I netted £100 return on that one!
I still have my Workspace Grp long going on - will keep this open and see what happens!
Volex - i was up a nice £200 quid on this (20%) and did not sell expecting more to come. then i bottled it and tried to sell, stupidly buying in the process. Decided that actually that was not so bad after all only for results to come out today which i think are very good but the market did not like the expectation of the same performnace in 10 as in '09... so I'm now long 2.2k with a profit of 40 quid if i sell out.... what would you do? Cut and run? I've not done so yet but I am tempted to!
Other than that I don't have anything for the moment - most of the volume plays are too risky for me right now as i think quite a lot of shares are fairly / over priced. I'l be sure to update if I find anything though!
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