Headlam Share Discussion Threads

[networker] 24/1/2002 09:57

Share price has fallen back over the past couple of weeks and again this morning. Volume has been low but there currently seems to be a dearth of buyers. Could be just some idle profit taking or MM gently running a short position. I've not seen anything to change the fundamental outlook and am not aware of any changes in broker views.

[fish] 20/1/2002 18:17

zzaxxzz..
just off topic a little bit. How did you get to paste that trade history in? Presumably not when you are in streaming mode?
Agree about HEAD looking good, though.

[chester] 06/1/2002 09:34

Bought into these last week. Another share where the chart and fundamentals are equally as good.

[zzaxx99] 04/1/2002 16:17

Nice little later-afternoon surge going on - price has ticked up twice in the last halfhour:

[zzaxx99] 04/1/2002 00:43

, and +4.5p as a belated reaction.After watching for a while, I'm about ready to take the plunge (which will probably be the reaction of the share price!)Weird old mixture of trades today though - look at this lot - Broker-Broker, cross trades, protected transactions, and 1 or 2 "normal" trades thrown in for seasoning.Num.CodePriceSizeTypeCTBidOffer  Time  8101XYXO002270.0100000O  270.0277.0 11:43:00  100,000    3,000 125,320 375,266 7301U345V02273.5127700B  270.0277.0 12:34:16  127,700    3,000 125,320 275,266 6301U2QQY02270.0100000T  270.0278.0 12:09:00 100,000     3,000 125,320 147,566 5301U2NNF02272.525000O  270.0278.0 12:00:15 25,000     3,000 25,320 147,566 4201SX7XX02272.5125000X  270.0278.0 11:59:00  125,000    3,000 320 147,566 3000HRTOE02275.02000O  270.0275.0 11:52:002,000      3,000 320 22,566 2000HRTNY02273.81000O  270.0275.0 11:51:001,000      1,000 320 22,566 1301U307702268.5320O  268.0270.0 10:41:00 320     320 22,566 0000HS01Z02269.022566X  268.0270.0 10:25:57  22,566    22,566 

[networker] 28/12/2001 20:57

Shares have closed today at around 268p in good volume. This follows on from the sale of Gradus announced recently which eliminated debt but was earnings dilutive. The short term outlook starts to look more positive and the longer term recovery appears to be solidly based.

[networker] 20/12/2001 16:57

I've followed this share for some years and they seem to be recovering well after the debacle with the disastrous acquisition. The core business is sound, if rather unexciting, and management now seem intent on progressing only that area. Recent share trades suggest a buyer is still accumulating stock and I agree with the comment that the shares could move higher if resistance around the 260-265p level is cleared. However, in the current uncertain market that's not bound to happen.

[zzaxx99] 19/12/2001 17:52

and they did top, but they're now having another go, and seem to be making it.

[zzaxx99] 16/11/2001 13:45

Obviously, no-one cares, but at the moment, it's looking like the price may hace topped.

[zzaxx99] 13/11/2001 07:54

ttt, Anyone interested in this company, or is it just me?

[zzaxx99] 12/11/2001 08:40

ttt, due to being buried amongst the logorrhoea about NIS, QXL and politics

[jgp212] 22/10/2001 00:36

Darkspeed.

Point No5:

5.) Great Traders Are Marked by Their Flexibility - Markets are dynamic, Approaches that work in one period may cease to work in another. Success requires the ability to adapt to changing conditions.

Fanta, I downloaded from a financial site and forgot
to bookmark the damn thing.

As for being stinking rich! if I was, I would not
be here talking to you lol :-)

If ever I find useful stuff on the web which might
be of interest to fellow BBers, I will post it
to the BB.

Regards.

Jeff.

[darkspeed] 21/10/2001 12:22

Jeff
What happened to point number 5?

[fanta] 21/10/2001 12:14

Jeff where did you come up with all that...and if it's personal experience...why aren't you stinkin' rich!!!

F:-}

[jgp212] 20/10/2001 23:28

MoreCowboys,

Thank you, I,m still skint as a church mouse!

ollocks!

:-)

Jeff.

PS. If only we know how!:-)

[morecowboys] 20/10/2001 23:18

jeff
exellent

[jgp212] 20/10/2001 23:11

1.) There is No Single True Path - the great traders employ a diverse set of methods.

2.) The Universal Trait - discipline. Develop an effective trading system and plan that addresses all contingencies. Follow the plan without exception. Success depends on execution phase.

3.) You Have to Trade Your Personality - no single way is the right way, you have to know who you are and choose an approach that is comfortable for you.

4.) Failure and Perseverance - some of the best traders have experienced complete failure. They learned from their mistakes and changed their approach in order to change their results.



6.) It Requires Time to Become a Successful Trader - "You can't become a doctor or an attorney overnight, and trading is no different"

7.) Keep a Record of Your Market Observations - gaining experience cannot be rushed, but it can be made more efficient by writing down market observations instead of depending on memory.

8.) Develop a Trading Philosophy - an integration of market concepts and trading methods based on your experience and personality. It is a dynamic process that needs to be revised as you gather experience.

9.) What Is Your Edge? - Unless you can answer this question clearly and decisively, you are not ready to trade.

10.) The Confidence Chicken-and-Egg Question - is confidence inherent that then leads to success in trading, or does confidence come from being a successful trader. Most of the Wizards appear to be inherently confident in themselves.

11.) Hard Work - so many people think the market is where they can make easy money, but those who excel tend to be extraordinarily hard workers.

12.) Obsessiveness - a fine line between hard work and obsessiveness, a line frequently crossed by the Wizards.

13.) Wizards Tend to Be Innovators, Not Followers

14.) To Be a Winner You Have to Be Willing to Take a Loss - "You can't be afraid to take a loss. The people who are successful in this business are the people who are willing to lose money"

15.) Risk Control - novices spend too much time on entry strategies and not enough time on money management. Strategies include stop losses, reducing position, selecting low risk positions, limiting initial position size, diversification, short selling and hedging.

16.) You Cannot Be Afraid of Risk - risk control should not be confused with fear of risk. "You have to be willing to accept a certain level a risk, or else you will never pull the trigger.”

17.) Limiting the Downside by Focusing on Undervalued Stocks - many of the Wizards consider only undervalued securities

18.) Value Alone is not enough - value can be a necessary condition, but it is never a sufficient condition to buy a stock.

19.) The Importance of Catalysts - "the key question is, what is going to make the stock go up?"

20.) Most Novice Traders Focus on When to Get In and Forget About When to Get Out - getting out is as important as getting in. Liquidation strategies include; stop losses, profit objective, time stop, violation of trade principal, counter-to-anticipated market behaviour, portfolio considerations.

21.) If Market Behaviour Does Not Conform to Expectations, Get Out - if things do not go the way you thought they would (e.g., earnings report), liquidate.

22.) The Question when to liquidate depends Not Only on the Stock but also on whether a Better Investment can be identified - funds are finite. Sometimes you have to liquidate a position that is sound if a better opportunity arises. Always look to upgrade your portfolio.

23.) The Virtue of Patience - whatever your criteria to initiate a position, you must have the patience for those conditions to be met.

24.) The Importance of Setting Goals - believing that an outcome is possible makes it achievable. You must not only believe, but also commit to it.

25.) This Time is Never Different - "this time is different". Just remember: It never is.

26.) Fundamentals Are Not Bullish or Bearish in a Vacuum; They Are Bullish or Bearish relative to Price - a great company could be a terrible investment if its price rise has already more than discounted the bullish fundamentals.

27.) Successful investing and trading has nothing to Do with Forecasting - "All that is required for successful investing is the commonsense analysis of today's facts and the courage to act on your convictions".

28.) Never Assume a Market Fact Based on What You Read or What Others Say; Verify Everything Yourself

29.) Never, Ever Listen to Others Opinions - it is essential to make your own decisions.

30.) Beware of Ego - "no matter how successful you become, if you let your ego get involved, one bad phone call can put you out of business.”

31.) The Need of self-awareness - you must be aware of the personal weaknesses that may impede your success and make appropriate adjustments.

32.) Do not get emotionally involved - "If you let emotions get involved, you will make bad decisions.”

33.) View Personal Problems as a Major Cautionary Flag to Your Trading - health and other personal problems can sometimes decimate performance. Know when to take a hiatus if personal difficulties arise.

34.) Analyse Your Past Trades for Possible Insights

35.) Do Not Worry about Looking Stupid - never let decisions be influenced by concern about what others will think of you.

36.) The Danger of Leverage - if you are leveraged too heavily, all it takes is one mistake to knock you out of the game.

37.) The Importance of Position Size - all trades are not the same. Trades perceived, as having particularly high probability of success should be implemented with larger size.

38.) Complexity Is Not a Necessary Ingredient for Success

39.) View Trading as a Vocation, Not a Hobby - "Hobbies cost money.”

40.) Trading, Like Any Other Business Endeavour, Requires a Sound Business Plan

41.) Define High-Probability Trades methodologies differ, but all good ones have ways of identifying high-probability trades.

42.) Find Low-Risk Opportunities

43.) Be Sure You Have a Good Reason for Any Trade you make - if you cannot summarise the reasons you own a stock in four sentences, you probably should not own it.

44.) Use Common Sense in Investing - Lynch principle of buying what you know.

45.) Buy Stocks That Are Difficult to Buy - "I put in an order to buy at 42, and got a fill back at 45. I love that."

46.) Don't Let a Prior Lower-Priced Liquidation Keep You from Purchasing a Stock That You Would Have Bought Otherwise - don't pass on a stock you sold earlier at a lower price if it's still a good stock. Do not be afraid to get back in after you have been stopped out if the trade still looks good.

47.) Holding on to a Losing Stock Can Be a Mistake, Even If It Bounces Back, If the Money Could Have Been Utilised More Effectively Elsewhere - don't tie up money in stocks going nowhere when there are other opportunities.

48.) You Do Not Have to Make All-or-Nothing Trading Decisions - if you cannot decide on taking profits, there is nothing wrong with taking profits on part of it.

49.) Pay Attention to How a Stock Responds to News - If on good news, stock goes up and bad news, doesn't give ground means the stock has been "blessed" by the market.

50.) Insider Buying Is an Important Confirming Condition - willingness of management to buy its own stock is not a sufficient reason to buy, but it is strong confirmation of a good investment.

51.) Monitor Major Fund Holdings - funds can take months to unload or acquire a position. Tracking their movements can give you clues to likely future performance.

52.) Hope is A four-letter Word - if you say to yourself, "I hope this position comes back,” it is time to get out or reduce position.

53.) The Argument against Diversification - "Simple logic: My top ten ideas will always perform better than my top hundred".

54.) Caution Against Data Mining - avoid this by forming hypothesis of market behaviour first, than test, rather than blindly looking at data, searching for patterns.

55.) Synergy and Marginal Indicators - it is possible for fundamental and technical indicators that are marginal on their own basis to be combined for a much more reliable indicator.

56.) Past Superior Performance Is Only Relevant If the Same Conditions Are Expected to Prevail - "people persist in believing that what has happened in the recent past will go on happening into the indefinite future, even while the ground is shifting under their feet."

57.) Popularity Can Destroy a Sound Approach - portfolio insurance in the 80s blew up because the strategy became too popular. Will the same happen to index funds?

58.) Like a Coin, the Market Has Two Sides--but the Coin is Unfair. - You can bet on both sides of the market, but the historical odds are in favour of the longs. Shorting has other disadvantages such as uptick rule, having to borrow shares, limited upside, and unlimited downside.

59.) The Why of Short Selling - can reduce risk in context of total portfolio? Can enhance returns in times of market difficulties.

60.) The One Indispensable Rule for Short Selling - always have a predetermined point where you will cut losses if trade moves against you. Even if you are bearish, analysis is unchanged.

61.) Identifying Short-Selling Candidates (or Stocks to Avoid for Long-Only Traders) - high receivables, change in accountants, high turnover in CFOs, company blaming short sellers for decline, company changing core business to get into prevailing hot trend.

62.) Use Options to Express Specific Price Expectations

63.) Sell Out-of-the-Money Puts in Stocks You Want to Buy - for bargain hunters; sell puts at strike price where you'd buy the stock anyway. You get premium if stock does not decline to your level or you get stock at price you wanted anyway, with premium offsetting your purchase price.

64.) Wall Street Research Reports Will Tend to Be Biased

65.) The Universality of Success - almost all of the traits listed, with the exception of those that are exclusively market specific, are the traits required for success in any field.

Regards

Jeff

[8para] 20/10/2001 23:09

Yes put all your moni in moni

[morecowboys] 20/10/2001 22:38

#4 only invest what you can afford to loose.
Sounds stupid but we always look at worse case senerio and can we take that hit.

[morecowboys] 20/10/2001 22:10

graham

True dude, true

ps be good

[paulinesmith] 20/10/2001 22:06

Yahoooooooo

[graham205] 20/10/2001 22:06

I would also say add that old saying and Dont fall in love with a share.
These companies dont fall in love with there shareholders, just look at Atlantic Telecom and Railtrack to see that.

Good luck all.

[kayak] 10/8/2001 12:26

codoctor, unless you are yourself taking the mickey you have obviously not read any of the posts on this thread :-))