Wpp Share Discussion Threads

[essentialinvestor] 28/3/2017 19:20

Best guess is a more significant turn on the UKX somewhere around 7550-7700.

[nasdaqpat] 28/3/2017 16:56

Our investments slightly outperformed again today with a gain of 0.94% as opposed to 0.68% for FTSE100. Of our 30 shares, 23 closed Up, 6 Down & 1 Unchanged. Stock level decreased sharply to 49.1% in anticipation of a continuation of a correction in due course.

[essentialinvestor] 28/3/2017 16:38

Sold a few DLG, added some ASCI.

[nasdaqpat] 28/3/2017 16:35

Thx EI!

Reached my threshold of +/-1.25% for a change of direction so today goes down as Day 1 of a (probable) reciprocal Up wave but target remains c7399 so expect FTSE100 to extend tomorrow and possibly Thursday (6 days Down and 3 days Up seems about right) followed, probably, by principal wave 2 Down.

[essentialinvestor] 28/3/2017 16:06

Pat, excellent call on the Up move, well done.

[nasdaqpat] 28/3/2017 13:17

Yes, demo, PFC does look rather interesting...but I'm trying to avoid buying any new companies until after the main correction later this year.

[demo trader] 28/3/2017 12:12

PFC..........Petrofac wins $1.3 billion project in Kuwait.

[nasdaqpat] 28/3/2017 08:59

Probably sensible!

[invisage] 28/3/2017 08:07

Dumped GENL

[gateside] 27/3/2017 21:00

That's right. The Share Centre. They have quiet a few good tips and some worthwhile articles on their website.

[nasdaqpat] 27/3/2017 16:57

Our investments slightly outperformed today with a decline of (0.47%) as opposed to (0.59%) for FTSE100. Of our 30 shares, 13 closed Up, 12 Down & 5 Unchanged. Stock level increased sharply to 55.5% in anticipation of an imminent reciprocal Up wave.

[nasdaqpat] 27/3/2017 15:39

However, remember that a standard Segmental correction of c(61.80%) will result in FTSE100 visiting c6971 in possibly just a few weeks time.

[nasdaqpat] 27/3/2017 15:36

Of course, Gateside, its the Share Centre based in Aylesbury, Bucks (the county of my birth when Slough was part of it). More chance of offering pukka advice/tips than the likes of GS.

[slaphead240] 27/3/2017 15:28

Your broker might be right

[nasdaqpat] 27/3/2017 14:03

Oh No!

Remind me who your broker is?

[gateside] 27/3/2017 14:01

My broker tipped WPP as their share of the week today.

[nasdaqpat] 27/3/2017 09:38

Now that FTSE has travelled below 7264 it ought to be in at least a Segmental correction, but at the current low of 7256 it has only dropped (02.56%) and given back just (24.81%) of 6677:7447. This seems inadequate so, if it rallies to new highs without going to appreciably lower levels first (say, below 7200), then I would tend to treat any additional Up waves as bolt-ons to the current Segment. Note that this situation does not happen very often so I am expecting substantial further downside in due course.

However, if this is to be a multi-wave correction then it is usual for the initial Down wave to be followed by a strong recovery wave; my rule of thumb is c75.00% which could mean that FTSE will rally back to c7399 before resuming its correction.

[invisage] 27/3/2017 08:48

Agree vjpn and lloy new holdings

[nasdaqpat] 27/3/2017 08:39

LLOY & VJPN are new Buys then...so you now have 35 companies?

[nasdaqpat] 27/3/2017 08:36

Thx for the update, Invisage.

[invisage] 27/3/2017 08:21

Bought a big slug of VUKE and some VJPN.That's me fully invested again.Expecting to buy stocks with ISA money at somepoint.

[invisage] 27/3/2017 08:10

Just bought some LLOY

[nasdaqpat] 27/3/2017 07:54

Today looks like its going to be Day 6 of FTSE's Down wave and the correction confirmation level of below 7264 is now getting very close...nevertheless I expect to be Adding to several stocks today, especially Trackers.

[nasdaqpat] 25/3/2017 12:05

Noted.

The 2 FTSE100 trackers (L100 & VUKE) now make up about 49% of our investments or about 25% of the portfolio as a whole.

[gateside] 25/3/2017 11:46

+1.60%You remain just above me!AZN now my largest holding.