Imi Share Discussion Threads

[wendsworth] 20/12/2010 17:55

dasv : Thank you so much for your painstaking and expeditious response. Sounds fascinating . I will order a copy of Du Plessi's book.

This really is a civilised thread. As you're probably only too well aware they are few and far between.

[dasv] 20/12/2010 15:26

wendsworth - I've set up a thread with the symbol "P&F" in which at some point I've attempted to explain Point and Figure charts. They are charts where there is no linear time scale at the bottom.P&F charting is an approach aimed at de-noising charts (by looking at trends and requiring strong reversals). The targets come from Jeremy Du Plessis's work at Updata and they are very tight lipped about how they are generated - presumably because this is unique intellectual property for the company. Essentially the targets are Momentum indicators. They can be removed by strong momentum in a reversal.

The theory is that if a target is met then the trend is confirmed. We can see in the chart above that the target of 730p was hit (which confirms the bullish trend). the price levels with numbers like 3.2, 1.7, 3.6 reflect risk reward at that given moment: it's an attempt at establishing the upside gain versus the downside risk on the basis of momentum.

At the moment current risk reward is 1.5, 1.7 which isn't bad but not as good as at 480p and 660p when risk reward was 3.2, 3.6 in favour of reward.

Jeremy Du Plessis's book is on amazon.

[wendsworth] 20/12/2010 15:19

dasv : Thanks for your post. Not being a chartist can you explain the basis to the trends or the 'pointers'?

[dasv] 20/12/2010 11:32

My targets are 1030, 1170p

[wendsworth] 20/12/2010 11:10

Going up very nicely . Back in 940s. Will we see it touching 950 today?

[wendsworth] 16/12/2010 17:14

Bluebelle : I know what you mean ! I have found setting 'realistic targets' a sensible approach in current markets. My limit sales and buys seem to be far more profitable and get me away from the mouse! Having said that ...I was happy with a 463 sell of BP on Monday this week and then it shot up 15p! Returning to IMI my research indicates this is a strong hold particularly bearing in mind some general market headwinds.

Beckwith : You won't be disappointed. Usual caveats ...of course!

[beckwith] 16/12/2010 14:06

Just topped up with a little more, hoping this one has a bit to go yet.

[bluebelle] 16/12/2010 14:03

wendsworth
I think you could be right : I certainly hope so !I rarely set targets - the market has a habit of upsetting them. I tend to buy and hold for as long as the reasons I bought still seem valid and I can't see any reason to do anything but add/hold at the moment !!!

[wendsworth] 16/12/2010 12:56

Bluebelle: Just the start after the re-trace following FTSE confirmation. I see IMI close to £10 in the New Year. 10% upside from here.

[bluebelle] 16/12/2010 09:40

Strong upward move this morning albeit on low declared volume.

[dasv] 13/12/2010 21:17

perhaps post 29 was more to your liking.

[bjbeatle] 13/12/2010 19:34

but post 93 is not very thoughtful or measured. Oh thats 94.

[dasv] 13/12/2010 16:38

yep we are only on post 93 here :)

[wendsworth] 13/12/2010 15:48

nofool : I've noted your sound advice. Thank you.

Am looking to double up my holding with the re-trace.

Nice quiet BB with thoughtful and measured comments.

[nofool] 11/12/2010 21:16

wendsworth - the lesson learned is to follow your own interpretation of the charts and not others.

You knew it was short term overbought and you knew why. However from the 20th, I would expect this to start motoring again..

[typo56] 09/12/2010 13:34

I agree, any FTSE index effect is just short term noise. They'll probably be a bit of volatility at the end of next week ahead of the index move taking effect.

[bluebelle] 09/12/2010 11:29

Typo56 - 9 Dec'10 - 11:13 - 88 of 88

As I've said before, unless your time scale is very short, it doesn't make a great deal of difference IMHO. This is by no means the first time it's happened. I think there is a lot of buying / position taking in advance of these announcements in the knowledge that trackers will have to buy etc. which are unwound afterwards.

You could be right, but this is the result of an uptrend which began in mid 09 albeit, I agree, with a sudden move above the expected trading range more recently.

This is still a core hold for me and a few days of weakness after the recent run doesn't change that opinion !

[aj_edi] 09/12/2010 10:01

I wonder if this is a good opportunity to add? I've only recently got in and missed this price on the way up.

[wendsworth] 09/12/2010 07:58

b.w: Looks like an encouraging opening!

[broadwood] 08/12/2010 22:53

Engineering group IMI (IMI.L) has been promoted to Britain's blue-chip FTSE 100 index .FTSE after the latest review, indexes complier FTSE Group said on Wednesday.

IMI will replace defence contractor Cobham (COB.L) which has been demoted to the FTSE 250 index .FTMC.

Companies outside the FTSE 100 that grow to rank among the 90 largest by market capitalisation are promoted into the index, while FTSE 100 companies with the lowest value or that fall to 111th spot or below drop into the FTSE Midcap 250 index.

[wendsworth] 08/12/2010 20:16

Typo56: Thanks.I did have my the finger on my mouse poised yesterday afternoon when it was trading in the 957/958 range but thanks to d.f.'s post and research on ther FT website decided to stick with it if necessary on the basis of fundamentals . I must say I was a little suprised by this afternoon's dribbling-off in the share price. Phew!

Tomorrow ......is another day!

[bluebelle] 08/12/2010 11:06

DF

As I said, we each manage our own portfolios with our own objectives, styles and personality. I suppose also my experience is influenced by the fact that had I done that - as many on these boards told me I should - on one particular holding, it would have cost me a significant sum.

I no longer care if one share, as a result of its performance, dominates my portfolio as long as the reasons I had for buying it in the first place are still valid and I know of nowhere better to put the proceeds were I to sell.

[deanforester] 08/12/2010 10:56

Bluebelle - 8 Dec'10 - 10:00 - 76 of 77

Not intended as a criticism (and certainly not advice) as we each manage our own portfolio as we see fit, but surely the problem with that method of asset allocation is that your holding of your most successful share(s) is all too often determined by the (poor)performance of your weaker ones.

It comes down to risk management. I limit the amount in any one share to about 5% of the whole. A further point is that I am investing for income, and almost invariably the share which shoots up has a low yield. Consequently I recycle the cash into a share or shares with higher yield. It's a way of jacking up the income.

To take your analogy with gardening, I'm pulling up the ones that have bolted and run to seed, and replanted some heavy croppers.

You are right in that sometimes, in a falling market, it is the share that falls least (or even rises) that may get trimmed back.

There is more than one way of measuring performance, not just by the way the share price moves.

DF