Ashtead Share Discussion Threads

[bracke] 07/7/2017 14:57

Good day 2flat

I see it broke below 1550 this morning but is trying to regain the support level.

That drop in May - I can't remember what was happening but wasn't there something occurring with Trump and infrastructure spending?

[bracke] 07/7/2017 14:49

Got to have 54000.

[2flatpack] 06/7/2017 19:23

bracke
I do not use stop losses.A wise Guru once told me to be able to sleep at night even when shorting AHT is bet size.
I see the exchange rate as a fact of life but not such a big factor IMO.
I have planned and in fact hoping for a pull back.
The one thing that troubles me was the unexplained drop on 18 May 17 any ideas on that?
Cheers

[bracke] 06/7/2017 16:52

2flat

Interesting that AHT has been falling but URI has been rising. I have pondered if the AHT fall is due to the change in the GBP:USD there does appear to be some correlation, but not a lot. See link below.

AHT is resting on the Daily SMA 200. It's likely it will drop below by default ie. as the Daily SMA 200 continues to rise it will move above the share price

"so I have moved some funds into my SB account and intend to make a killing?? I am Just jealous you bought in so low ."
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I wish you well with your 'killing'. If you do take a sbet be prepared for a drop to 1500 and position your stop loss accordingly. My purchase was opportunism allied to 'if you can't beat them join them'.

[2flatpack] 06/7/2017 16:10

Afternoon bracke
Basically I think it is going cheep or even cheap.
I am back to my old strategy of buy when it drops below 150 day SMA
and jump in at the 200.
If it goes lower I will buy more I am fairly light of Aht (for me) , so I have moved some funds into my SB account and intend to make a killing?? I am Just jealous you bought in so low .
Do not forget there is £150 M. of buy back money just waiting the chance to help little old us .
Cheers

[bracke] 06/7/2017 15:30

Good day 2flat

I presume you think 1550 will hold otherwise you would not be buying at this level. Why do you think it will hold?

[2flatpack] 06/7/2017 14:56

Buying opportunity doubled long.(sub 1550)
Cheers

[bracke] 06/7/2017 13:18

And back to 1550.

There is no doubt where the pressure is coming from. Each time the share price attempts to move up it is resisted and sent back to support.

[mjcferguson] 05/7/2017 10:27

Increased utilisation,maturing greenfield sites and growth in fleet will give further good growth in profitability this quarter.My guess is increase in profit before tax from £183m to £211m.Unfortunately a couple of months until we find out.Should underpin the share price in the meantime though.

[bracke] 05/7/2017 10:23

You'r welcome.

And yesterdays gap filled.

[discodave4] 04/7/2017 18:52

Thanks bracke.

[bracke] 04/7/2017 18:19

There's always one!

[2flatpack] 04/7/2017 18:05

YES I DO !!!!
Small long opened @ 1573.
Cheers

[bracke] 04/7/2017 17:01

The share price managed to drag itself up from the day low but not by much. It's looking weaker and weaker and not helped by the US markets shut to-day.

[bracke] 04/7/2017 10:57

disco & uppompeii

It does indeed appear as you post. The share price does the reverse of my action.

To-day it is again nudging at 1550 support. It appears to be in a descending triangle ie. sloping top line, horizontal base line. The probability is for a breakdown below the base line BUT beware of false breaks. It is not unusual for a breakout one way or the other to reverse and breakout the other side.

The share price is close to the triangle apex which means that a break is imminent.

Targets - Down 1500. Up 1650.

You've gotta ask yourself one question: "Do I feel lucky?" Well, do ya, punk?

[uppompeii] 03/7/2017 19:39

You're right discodave, it was shining when bracke was short and immediately reversed when he went long.A brackeish reverse signal I think it's called.

[discodave4] 03/7/2017 19:28

I blame bracke for going long! :)Can you put a short on, that will get it moving in the right direction, namely upwards!.DD

[bracke] 03/7/2017 18:14

Good day uppompeii

Yes it does.

URI has been rising but is about to meet possible resistances.

AHT has been trading in a horizontal range. The Trump expenditure on infrastructure now appears to be some way off if at all, so the euphoria surrounding the share price has abated. There have been a few attempts at breaking below 1550 was have been resisted and a few attempts at breaking above 1620 also resisted. Sooner or later the break will come we have to gauge what will cause the break and the probability of the direction.

The shine has gone from this share price but it was shiny for a long time.

[uppompeii] 03/7/2017 17:51

Bracke, this continues to disappoint.

[bracke] 03/7/2017 16:51

US Construction Spending

[1leigh] 29/6/2017 21:52

It's tracking them down that's the problem Glenn. I'm hardly ever on here now too, I'll set up a reminder to check back more often though!

[fenners66] 29/6/2017 15:21

URI still rising today and I heard that Caterpillar were one of the big risers yesterday, but have not found out why.

[discodave4] 29/6/2017 13:14

Good day bracke.Nice to know your still onboard.Does seem to have lost its mojo a bit.All the best.DD

[bracke] 29/6/2017 12:51

Good day Disco

Yes still holding my shares. Fortunately I bought them near the bottom of that long candle so still ahead but watching closely. I have no other trading positions.

[discodave4] 28/6/2017 20:24

ps bracke if you want to see long wicks take a look at BUR (3rd May) and BOO (17th May).