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Trading the stockmarket (NO Referrals)

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

  1. peterwalkley

    Mobster

    Joined: 23 Feb 2009

    Posts: 3,884

    Location: South Wirral

    GKP have finally been rising this week. Seems to be a combination of factors:

    - The CEO getting booted sideways (he's controversial ...)
    - Rumours of a takeover / buyout
    - Very strong possibility of Kurds selling oil without Bagdhad interfering

    I had this one wrong a while ago and got in at £1.40 (they're £1.09 at close today), so glad to see the paper loss coming down !
     
  2. Stumble Bum

    Mobster

    Joined: 2 Apr 2009

    Posts: 3,117

    Location: Location, Location!

    This is my first ever stock :) only bought a little on Monday at 87p. Good to see it at 110p within a week :D
     
  3. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,325

    Location: Stanley Hotel, Colorado

    Thats some luck, its a good stock for swing trading. If only it were my only stock I'd have done better.
    Thats not to say it cant go to zero still, I dont think it will but these are crazy circumstances going on. Unique in history even ?
    https://twitter.com/HawraImame/status/480608411869261824
    http://www.timesofisrael.com/egypt-coptic-church-cancels-sunday-mass-for-1st-time-in-1600-years/

    Do you know the FT.com staff short sold GKP when it was 12p, wrote it up in a chat blog (might be around still) and they made a profit doing so.



    I sold a bit of GKP last thing but I still own more so I was just allowing myself to buy if it falls back to 90 maybe

    Thing is, if theres a takeover it should be doubling. Even if we ignore price, volume isnt massive (monthly vol looks better).
    Often I second guess too much, so hopefully it continues; on a five year view 80p was last a good buy but didnt they also issue alot more shares since the last election


    July Stockchallenge is Monday, practise improves 'aim' :p
    http://stockchallenge.co.uk/site/forms/subform.php
     
    Last edited: 28 Jun 2014
  4. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,528

    Location: Bristol

    EZJ is killing me man! What they playing at.
     
  5. HummuH1

    Wise Guy

    Joined: 28 Mar 2007

    Posts: 2,440

    Location: Edinburgh

    Me too, worst current performer in the portfolio my miles.
     
  6. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,528

    Location: Bristol

    ASOS rocking it. Should have gotten on Ocado after their drop yesterday as well, up 10% today. Aahhh, hindsight.

    Does anyone know what's going on with Easyjet? Now at 1320 which is a far cry from 1720 a couple of months ago.
     
    Last edited: 2 Jul 2014
  7. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,325

    Location: Stanley Hotel, Colorado

    I dont know why except usual things like oil price and consumer trends perhaps. [seems to be broker downgrades?]
    Looked over charts I'll stick with what I saw before, seems no different
    What was the most traded price today, did volume rise after USA open. 1300 could be a floor anyway, possibly


    POG is suffering a debt overhang, much fears but gold doing better could be its saviour? Seems OTT
    Royal Mail paid 13.3p a share today, Questor says its a buy and I guess it can keep paying out
    [​IMG]
    I bought Herencia, silver is a possible 'breakout' hopefully no fakeout please :o


    Sticking Rotork valves on watchlist, seems viable similar to Weir for usage in oil gas industry. Tipped by a fund, bit expensive at present, £23 would be nice
    https://www.google.co.uk/finance?q=Rotork+Rotork&ei=69S2U-Bdz67AA-31gJgK
    http://www.reuters.com/finance/stocks/ROR.L/key-developments/article/2789439
     
    Last edited: 4 Jul 2014
  8. Irish_Tom

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,309

    I hope no one else was in BLNX today - down 50%!

    My stop loss was as useful as a chocolate teapot and IG finally closed my position for a £375 loss. (Stop loss was set for a £100 loss) :eek: Ouch.

    Currently licking my wounds and taking it as a hefty lesson learned. Now rethinking my strategy.
     
  9. peterwalkley

    Mobster

    Joined: 23 Feb 2009

    Posts: 3,884

    Location: South Wirral

    Same happened to me with easyjet the other day when they dropped 90 points. You need a guaranteed stop sometimes :(
     
  10. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,325

    Location: Stanley Hotel, Colorado

    Guarantee isnt free though, they add to the spread. It does give something impossible in 'real' trading though.
    I prefer hedging if at all possible or even better take profits so it cant lose more then gained. Is BLNX a big material change, doesnt sound as bad as a dry oil well just perceptions

    Petropavlovsk is up over 20% today on 7x volume, nothing changed but company gives RNS to say nothing, everything reverses just like that. Its still clear till 60p in theory but I had order buy at bottom today so its just sold some now also, only way to profit is to continually trade seems like [see EZJ, 1300 was good buy after all but only for +90p now the jet is stalled:eek:]
     
    Last edited: 7 Jul 2014
  11. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,528

    Location: Bristol

    I'm never flying Easyjet again :mad:
     
  12. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 16,627

    Location: Higher Walton

    How much you down now fella? I keep looking at it thinking surely its going to bounce....
     
  13. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,528

    Location: Bristol

    Well I'm spread betting but down -£500 at the moment. It's been swinging a fair bit and it came back up to about 1450 at one point but it's sinking like a led balloon.
     
  14. Irish_Tom

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,309

    Everything is red today…

    MONI saw a big drop on a TU reducing forecasted revinue growth from 40% to 30%. Glad I wasn't in that one.
     
  15. Bear

    Capodecina

    Joined: 24 Oct 2002

    Posts: 13,047

    Location: Bucks and Edinburgh

    I have to every week and they have been late every week for the last 12 weeks so Ive been ****ging them off on their facebook site :D
     
  16. jmhduck

    Wise Guy

    Joined: 26 Jan 2005

    Posts: 1,800

    Location: Cheltenham, UK

    I sold out of HUR at 50 and then bought some back immediately as I think they're undervalued even at that price. I'd really like to buy some more down at 36ish if possible. If there's no news for a couple of weeks hopefully we'll see the share price slide down.
     
  17. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 16,627

    Location: Higher Walton

    I'm questioning at what point to short Easyjet! I keep seeing it drop but expect it to bounce yet all it does is keep falling!
     
  18. willems

    Wise Guy

    Joined: 13 Dec 2003

    Posts: 1,450

    looking at rotork myself
     
  19. smokedog

    Mobster

    Joined: 28 Jul 2004

    Posts: 4,528

    How does the Taxman know how much to tax you on Capital gains? I'm doing so many separate trades I'm losing count myself.
     
  20. peterwalkley

    Mobster

    Joined: 23 Feb 2009

    Posts: 3,884

    Location: South Wirral

    There is a section of the self assessment tax form you need to fill out if you have a CGT liability. It is your responsibility to keep records.

    I don't know, but would also assume the brokers will also tell them of any suspected CGT liability you might have.