Ashtead Share Discussion Threads

[ianwwwhite] 20/9/2016 19:53

Meyers,

Ok, I am sure I'll regret asking, but what are the first and third?

[mayers] 20/9/2016 19:28

It may be of interest that the Gut is known as the 2nd nervous system, having a certain autonymy. I e-mail in some trepidation in this privy council.

[uppompeii] 20/9/2016 18:35

It's back to where I sold, I may well go with my gut feeling at some point.

[ianwwwhite] 20/9/2016 17:14

Thanks bracke

Let's see what tomorrow brings.....

[bracke] 20/9/2016 17:08

ian

I am unable to read the article it will not give me access but I hold to my comments.


"is this pre-FED announcement jitters?"
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Maybe but there is little argument that the FED will hold interest rates which will then give an opportunity to raise the market. That's what my gut says.

The market thrives on volatility.

[ianwwwhite] 20/9/2016 16:54

On a serious note, I see we ended down 22p or 1.8%, whilst URI is currently down 3.1%... is this pre-FED announcement jitters?

[ianwwwhite] 20/9/2016 16:50

Good afternoon bracke

I must confess to being a little surprised that you should try to rebut the empirical findings of a serious piece of Cambridge research, with an extract from something called 'Medical Daily' but so be it.... suum cuique! (lol!)

[bracke] 20/9/2016 16:32

Good day ian

"By combining body and brain, the best human traders can outperform computer algorithms, they said."
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Brain yes. Body ie. 'gut' complete spherics!!

We don't think with our gut (gluttons apart). We see, we hear, we process (brain) we act.

'Guy feeling' is use of the senses to reach a conclusion using the processing power of the brain without use of aids eg charts.

And please do not laugh at uppompeii, he needs no encouragement from you.

[ianwwwhite] 20/9/2016 16:21

uppompeii

lol!

[uppompeii] 20/9/2016 16:18

...or charts...

[ianwwwhite] 20/9/2016 16:15

FT 19/09/16

Sensitivity to “gut feelings” is a strong predictor of success in financial trading, according to research led by Cambridge university.

The study of 18 hedge fund traders found those with greater “interoception”, which is the ability to sense the state of their body, made more money and survived for longer in hectic financial markets. Results are published in the journal Scientific Reports.

“Our results suggest that signals from the body, the gut feelings of financial lore, contribute to success in the markets," the authors concluded. By combining body and brain, the best human traders can outperform computer algorithms, they said.



...... food for thought! (boom boom!)

.

[bracke] 20/9/2016 15:51

Perhaps the FED can provide the impetus tomorrow otherwise its back to 1200.

[bracke] 20/9/2016 10:35

Back to the 1240 dithering

[bracke] 15/9/2016 11:15

good day uppompeii

Close. Sandals and runes.

[uppompeii] 14/9/2016 18:27

Haha! I imagined pipe, slippers and runes..

[bracke] 14/9/2016 17:44

"but I assumed that you were,"
==============================

I wish!

[ianwwwhite] 14/9/2016 17:20

....... The type of expression used by those of the red braces, red Ferrari and champagne swilling brigade. You're not are you?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Lol! I'm not, but I assumed that you were, and simply used the vernacular I thought you would be familiar with!!!

[bracke] 14/9/2016 17:13

"I find that thinking the unthinkable is always worthwhile when managing risk :)"
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But 900 I ask you!!!


"The five year chart gives a bit of a steer in my view"
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If you are using the 5 year chart 750 may be more appropriate.


"Suck it up"... the type of expression used by those of the red braces, red Ferrari and champagne swilling brigade. You'r not, are you?

[ianwwwhite] 14/9/2016 17:03

Hi bracke,

Q: Shame on you for even thinking it
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A: I find that thinking the unthinkable is always worthwhile when managing risk :)

Q:If it drops to 900 how do you know it is not going to drop further
~~~~~~~~~~~~~~~~<~~~~~~~~~~~~~~~~~~~
A: The five year chart gives a bit of a steer in my view

Q: such sentiment?
~~~~~~~~~~~~~~~~
Highly appropriate, I thought 👌

....suum cuique pulchrum est

[bracke] 14/9/2016 14:37

"I didn't say we were going to 900, just that if we did I would be a buyer."
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Shame on you for even thinking it!!


"The trouble with a sell and repurchase strategy that you mention is that you don't know you are heading to 900 until you arrive (not withstanding your excellent chart work!). My approach is to ride out the market fluctuations and add on significant dips, having faith in the robustness of the AHT business model IMHO."
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That begs the question 'If it drops to 900 how do you know it is not going to drop further'.

Bearing in mind that the divi is nothing special I would be thinking of selling long before it dropped to 900.



"so my advice is man up and suck it up!"
======================================

Such sentiment!!

[ianwwwhite] 14/9/2016 14:03

Hi bracke,

I didn't say we were going to 900, just that if we did I would be a buyer.

After all, we were at that level as recently as May, and the market seems to be jittery at present, with a raft of US uncertainties, presidential elections and interest rate hikes to mention just a few... and then there is of course brexit.

The trouble with a sell and repurchase strategy that you mention is that you don't know you are heading to 900 until you arrive (not withstanding your excellent chart work!). My approach is to ride out the market fluctuations and add on significant dips, having faith in the robustness of the AHT business model IMHO.

My apologies to anyone who was startled by my post, but statistically we all know that September is invariably a down month, so my advice is man up and suck it up! (but DYOR!)

[bracke] 14/9/2016 13:55

Good day Laird

Indeed but I don't post that I'm shorting it all the way down to 900. I'm quite happy with 40/50 points.

[lairddavid] 14/9/2016 11:02

Ohh! And all this coming from a confessed shorter.

[bracke] 14/9/2016 10:45

900!!!!!!!!

If the share price did start heading down to 900 surely you would sell all your shares and buy back at 900 or thereabouts?

I trust you realise that there are share holders who read this thread and are of a sensitive nature. Suddenly dropping 900 into the post without any warning is likely to have caused considerable consternation and resulted in extra load on the health service. Please be a little more circumspect with utterances of a similar nature.

[ianwwwhite] 13/9/2016 20:31

Thanks bracke, always good to have your views.

Me? I am hoping for the usual Sept shakeout, or retrace as I have been waiting for an opportunity to switch some investments from money funds to equity funds, and it looks like the uncertainty around the Feds intentions will help trigger this.

In the meantime, AHT has shown itself to be fundamentally in good shape, so I'm pretty certain any drop in price due to general market uncertainty will ultimately be made good. I'm still a long term holder and will add if we get down to the 900 'bargain' level!