Ashtead Share Discussion Threads

[discodave4] 21/1/2015 22:33

Matt"you should have no position unless you're trading intraday."Could you validate this statement in the context of going long?.........Green 5 years plus.GLDD

[matt123d] 21/1/2015 21:49

That's all you need to know because the conflicting directions on two of the major time frames means you should have no position unless you're trading intraday.

[rhatton] 21/1/2015 16:01

Id say back over £11 within the next 10 days or so

[bracke] 21/1/2015 15:52

I need to know a little more than that but each to their own.

Talk of ECB QE of EURO 50 billion a month may make a difference to the share price

[matt123d] 21/1/2015 14:20

All you need to know... Red on the month and a green inside week, conflict.

[bracke] 21/1/2015 13:46

matt

I don't know how long you have followed AHT but it does have a reputation for confounding shoprters. I know, I'm one of them!

It can be very contrarian.

[matt123d] 21/1/2015 13:20

Relative weakness against the parent index. Better to go after the strongest stocks and look to short the weakest if the wider market pulls in.

[bracke] 21/1/2015 11:01

Taking it's time filling the gap to 1084.

[bracke] 20/1/2015 13:08

Get thee hence!!

[uppompeii] 20/1/2015 12:57

875 would suit me!

[bracke] 20/1/2015 11:58

fingers

Many thanks for your chart.

If the share price moves up I would be looking for slightly more than yourself but little in it. I understand why you have identified 875 to the downside (I'n sure I heard a wail of pain from fenners).

Given the manner in which the share price has been supported, a break below the Daily SMA 200 would be unfortunate but a break below the uptrend would be very concerning.

Those who subscribe to conspiracy theories might consider a drop to 875 was profit taking only to buy back at a lower share price

Happy Days!!

[matt123d] 20/1/2015 11:54

Taking out yeaterday's high to go green on the week and back inside the lower level triangle. Top of the daily triangle 1075p.

[bracke] 20/1/2015 11:46

Holding in Company

Abrams Bison Investments LLC 25,350,000 (5.04%)

This appears to be a new holding. The timing put support under the share price

[ianwwwhite] 20/1/2015 09:05

fenners66

I'm still keeping the faith too, as a committed long, the only reason I sell a few from time to time is to try and rebalance portfolio risk.

So far no interim management trading updates or significant holders sales encourages me to think long term, our patience will be rewarded (imho)

Q3 results due 3rd March should give a better indication.

[ianwwwhite] 20/1/2015 08:54

Matt,

Thanks for the explanation, it's always interesting to see a different approach and perspective in play, good luck.

[ianwwwhite] 20/1/2015 08:51

fingers xxd

Many thanks, great chart and commentary as always!

[matt123d] 20/1/2015 01:25

Ian,Methodology is multiple time frame and triangle analysis. All quantifiable, no abstract moving average, fib,price level etc predictions. Fenners,You're correct, knowing your time frame is the most important part of investing. I short stocks with full time frame continuity to the downside and long stocks with the opposite, trade multiple tiered positions on various time frames in relation to position of the triangle.

[fenners66] 19/1/2015 23:44

matt certainly reads as if he has a short open, I for one would have more respect for him if he had come out with it and said just that. The whole point is we are here to make money, long or short it makes no difference and I think we are big enough on here to take it.
But when someone focuses on the short side (from out of the blue) and hasn't got the gumption to say it it just looks shallow.
Maybe as you guys say once he closes the short we'll never see him again, is he going to say when or why he closes?
All valid in the making money game.
I have been a locked in long term long and glad of it otherwise I would have sold all a long time ago. Maybe I should have sold at £12 but then I could have said that at £3 £5etc.

As for going trannie Bracke very funny but no chance!

[fingers xxd] 19/1/2015 21:46

Hi Everyone - AHT

[ianwwwhite] 19/1/2015 20:41

Bracke

I think that we can add contagion and unexpected consequences to the list as well.

I note that Denmark cut its deposit and lending rates today as a result of currency inflows following the Swiss debacle last week, and stated 'we have the tools to defend the currency peg' .... Next?

.....interesting times indeed!

[bracke] 19/1/2015 17:46

We are trading/investing in 'interesting times'

Greece, EU QE, UK Election, China margin crackdown, Ukraine, etc.

As we have seen with the move by the Swiss Central Bank 'Black Swans' cause mayhem.

2015 promises to be a volatile year.

[ianwwwhite] 19/1/2015 17:07

James97
Good point!

DD
You are absolutely right, of course, I'm baffled!

Bracke
Good point, but I think we have been very well served by both yourself and Fingers xxd, so it is unlikely!

In the meantime nice to see AHT has shown some resilience today, although URI has not been able to dictate the play for a change.

[discodave4] 19/1/2015 15:59

PsNo offence intended!DD