Wpp Share Discussion Threads

[invisage] 24/3/2017 18:55

+3.50% YTD

[nasdaqpat] 24/3/2017 17:04

Our investments market performed today with a decline of (0.10%) as opposed to a decline of (0.05%) for FTSE100. Of our remaining 30 shares, we had 14 Up, 12 Down & 4 Unchanged.

For the week as a whole our investments ended up declining (01.82%) which was a significant underperformance against the FTSE100 which was Down (01.19%) (7425:7337). Overall, our assets were Down (00.86%) on the week. The calendar year performance table is shown below :-

FTSE250~~~~~+05.44%~~(18077:18980 + 00.44% Dividend Yield)
FTSE AS~~~~~+03.73%~~(3873:3995 + 00.58% Dividend Yield)
Invisage~~~~+03.50%~~(Overtaken FTSE100)
FTSE100~~~~~+03.34%~~(7143:7337 + 00.62% Dividend Yield)
Videans~~~~~+01.63%~~(Poor performances from some key companies)
Gateside~~~~+01.60%~~(Resilient performance on the week)

FTSE may or may not have started a correction but its ease back this week prompted me to increase our stock level to 51.2% from 47.3% at the end of last week. Partial restructure completed leading to fewer companies and more FTSE100 tracker funds. Weak performances from BT.A, BVC, JMAT, PCT, REDS, RIO & SHP masked what was a reasonably seamless transition.

[nasdaqpat] 24/3/2017 15:49

Re-bought initial tranche of HMCX so back up to 30 companies with stock level @ 51.1%.

[essentialinvestor] 24/3/2017 09:59

Hi Pat, yes a lot of short term trading currently.

Cognisant of being late in this bull market, late on most historical
metrics that is.

HSTN, keep a core holding and trade it as mentioned.

DLG has been my main buy in the second half of this week and sold some
on the open this AM.

WG., could have got a much nicer price, but a quick profit none the less.

[nasdaqpat] 24/3/2017 08:59

Thx EI and well done on WG.

You seem to do a lot of in and outs which is probably a good strategy at these general high market levels. Apart from HSTN and SHRS how many other shares, if any, do you hold on a longer term basis?

[essentialinvestor] 24/3/2017 08:17

Pat, very good call on your XAR exit, meant to post sooner.

Sold my WG. yesterday, too cheaply as it made further progress,
it was due a bounce.

[nasdaqpat] 24/3/2017 07:10

FTSE still needs to travel below 7264 to confirm that a correction is in play and yesterday's resilience together with what looks to be a bright opening today give credence to the possibility of a fifth principal Up wave in the 6677 based Segment which has been in operation since that low on 4 Nov 2016 (today could be Day 97).

However, I'm not sure about the source or the reasoning, but Dimerose's Post 10228 alludes to a correction being currently in play and lasting about 20 days and I think that is now slight favourite.

A c(61.80%) give back of 6677:7447 would lead to c6971 for a decline of c(06.39%).

[nasdaqpat] 23/3/2017 20:52

I think you may have nudged past us again today...we are only +01.67% YTD and I am estimating you to be on c01.84%. However, I still have Invisage lording it above us @ c03.65%.

[nasdaqpat] 23/3/2017 17:03

Our investments moderately underperformed today with a decline of (0.20%) as opposed to a gain of 0.22% for FTSE100...most of the decline was on account of VUKE going ex-dividend. Of our 29 shares, 12 closed Up, 14 Down & 3 Unchanged. Stock level increased to 48.9%.

[nasdaqpat] 23/3/2017 16:11

Re-bought KGF as think this has been unfairly marked down after good results and now even more vulnerable to a bid...so Up to 29 companies & stock level now 48.9%.

[gateside] 23/3/2017 07:04

Was busy so never got to see any share prices yesterday. Thanks for updates.Good to see other people posting info on here too.

[nasdaqpat] 23/3/2017 00:09

I reckon you outperformed us today, Gateside!

We are still Up 01.77% YTD but our remaining 28 stocks were dire (apart from the 2 Trackers which were OK). Fortunately, binning the 12 companies didn't really cost as collectively they did not improve and the replacement Tracker shares actually managed a miniscule gain.

[nasdaqpat] 22/3/2017 16:57

Our investments slightly underperformed today with a decline of (1.01%) as opposed to (0.73%) for FTSE100. Of our remaining 28 shares, only 3 closed Up, 24 Down & 1 Unchanged. Stock level increased to 47.8% following sizable Adds to FTSE100 trackers at the expense of the sale of 12 shares outright.

[w1ndjammer] 22/3/2017 16:53

Our preference: as long as 7266.00 is a support, a rise towards 7450.00 and even 7495.00 seems likely.

Alternative scenario: below 7266.00, expect 7175.00 and 7093.00 in extension Comment: the ascending 50-day moving average suggests that the index still has potential for a rise.

WJ.

[dimerose] 22/3/2017 16:30

Thanks PK.I was listening to a fellow on CNBC this morning,he said this correction will last until 11/4 OR 13/4/17.He said people are selling now so they can file their tax retuns and the last day to do that is 08/04/2017.

[w1ndjammer] 22/3/2017 15:17

maybe easier to pump a shed load of cash into 3UKS rather the sell everything,
i like the over 8% divi that RDSB , BP. LGEN and a few others are paying me.

WJ.

[nasdaqpat] 22/3/2017 14:59

Impossible to say...take your pick; European elections and EU or Euro existential crisis, Trump impeachment, Debt spiralling, Inflation getting out of control, China slowing growth, Act of God, Bank collapse say in Italy...it may also be something innocuous that is blamed because it happens to suit the controllers' requirement to dump the stock market,

[w1ndjammer] 22/3/2017 14:47

Hi nasdaqpat

what will be the trigger for the severe correction lasting 6 months.?

tia

WJ.

[nasdaqpat] 22/3/2017 13:42

Also sold SJPA leaving 28 companies with stock level @ 47.7%.

[nasdaqpat] 22/3/2017 10:20

That's what I originally thought, Marcus, but I'm not sure there is enough time left for two corrections this year. In any event, I don't believe we are currently in a correction as I expect the key indices to rally to new highs during the next 10-20 days.

Thereafter, if there is a Segmental correction of c(08.00%) starting in the middle of April, then that should last at least 20 days taking us up to the middle of May. I suppose there could then be one further Segment lasting c60 days through to middle of August followed by the main (Phase) correction that could be of Bear market proportions and lasting several months.

Its tight, though. Alternatively, the correction that I suggest is likely to start in the middle of April, could be more severe and last 4-6 months. However, it might still be just a Segmental correction. Assuming DOW manages to get to 21300 by middle of April via a fourth principal wave still within the 17884 based Segment, the give back could easily be c(80.00%) which comes out @ c2733 points leading to c18567...that would equate to a decline of c(12.83%) which could take some time to unfold.

[marcus wanky] 22/3/2017 09:10

The markets will see a correction, then up to higher highs then start of a huge correction down will all happen starting this year imo

[nasdaqpat] 22/3/2017 09:04

Sold 11 of our 20 FTSE100 companies (ABF, BP., GKN, ITV, RTO, SBRY, SGE, SKY, STAN, TUI & WTB). These were all held in SIPPs and have been replaced by additional shares in L100 & VUKE. We now have only 29 companies but stock level has increased to 49.1%.