Wpp Share Discussion Threads

[gateside] 19/4/2017 13:12

Yep... My dollar earners not having the best of weeks so far!

[essentialinvestor] 19/4/2017 11:32

Hi Pat, hoping my GSK will hedge, at least to an extent.

In the UKX DGE is perhaps most impacted by stronger GBP/USD,
they have about 50% of earnings in USD, may add some lower down, if available.

[nasdaqpat] 19/4/2017 11:24

Once the dust settles (possibly months from now), I think we may have a bit of LLOY as well!

I'm not sure the rally in Sterling is completely warranted...the market seems to be suggesting that BREXIT is less certain or, at least, departure from the Single market. In any event, companies that we have held for yonks and recently sold like DC., BLND, PSN, SBRY & WTB are starting to come good which is a tad annoying.

Heavyweight FTSE constituents, especially dollar earners are now under pressure which is not so good for us now and even worse for Gateside, I would suggest.

[essentialinvestor] 19/4/2017 10:43

Pat, appreciate your update, very interesting.

[essentialinvestor] 19/4/2017 10:42

LLOY looking a little perky, it may not last ).

Continuing to add small amounts of GSK.

UK domestic plays getting some support, besides LLOY, MKS which was friendless
now looking stronger. Not holding MKS.

[nasdaqpat] 19/4/2017 08:05

Today is Day 4 of FTSE's second Down wave (Day 21 overall) and my initial target remains 7073 but that will probably not occur until at least Day 6 (first Down wave lasted 6 days). My intention is to up our stock level to between 65 and 70% near the bottom of a Down wave and then reduce back to between 40 and 45% near the top of the reciprocal/recovery Up wave.

[nasdaqpat] 18/4/2017 17:05

With only 1 share Up (KGF) our portfolio was down (01.06%) today. Our stock level increased to 57.2%.

[nasdaqpat] 18/4/2017 15:57

Yes, GE has really thrown a spanner in the works and has highlighted the failure of the party political system once again. The poor sods who wanted to stay in Europe have nobody to vote for...Liberals will only have a few seats as ever so are ineffectual and Labour may not even set their stall out for a continuation in Europe but rather preferring to canvas for the non-existent soft BREXIT.

Unfortunately, most of the stupid electorate cannot grasp the need to #binparties and elect local and national representatives on the merits of individuals who would then be able to come together in parliament and collectively make good decisions. Political parties are an obstacle to democracy and intelligent government, IMHO.

[essentialinvestor] 18/4/2017 15:36

Can't add anything on technicals, on fundamentals would say a resurgent GBP
hits the overseas earners, iron ore in free fall impacts miners,
and the run up to a GE causes uncertainty for domestic focussed stocks.
So you have a potential triple threat to UKX levels.

I've added small amounts of GSK and also added LLOY.


If the US does sell off over the next few days it opens larger downside potential,
the reverse also applies.

[nasdaqpat] 18/4/2017 15:29

Added more VUKE so stock level up to 57.2%.

[nasdaqpat] 18/4/2017 14:25

Now 55.2% but will obviously reduce again if there is an initial bounce when America opens...probably should be about 50.0% ideally at this juncture.

[nasdaqpat] 18/4/2017 13:56

I've already bought too early...been Adding to FTSE100 trackers so stock level already up to 52.3%.

[essentialinvestor] 18/4/2017 13:46

I had almost given up hope Pat ).

[nasdaqpat] 18/4/2017 13:46

I originally fancied c(04.50%) for the second Down wave so looking for c7073 initially.

Suppose it could still just be a segmental correction in which case the c(61.80%) give back mark comes out @ c6971. However, I fancy this will be a Phase correction and c(44.00%) has similarities with the past giving a target of c6590 (late summer/early autumn).

[essentialinvestor] 18/4/2017 11:26

What a morning, 08 June for a GE if 75% of the HoC agree.

[nasdaqpat] 18/4/2017 08:52

While I was typing that post, the FTSE has established a second principal wave down in what must now be the early days of a correction. So far, 6 days Down, 11 day (deceptive, 2 sub-wave) recovery and now 3 days Down...ergo we are now @ Day 20 of a correction.

[essentialinvestor] 18/4/2017 08:49

A little more interesting!.

NK tensions I assume.

[nasdaqpat] 18/4/2017 08:47

Of course its WG. not WOOD, silly me!

Apart from these 'hot' stocks you trade, EI, you presumably have quite a few shares that you hold longer term and that constitute the bedrock of your portfolio. Any chance that you can say how many and ideally list them for us?

[essentialinvestor] 18/4/2017 07:52

Hi Pat, sold WG much too soon, however on a longer term view
Wood looks really interesting to me. Rate the CEO.
On a market correction it would be towards the top of my buy list.

[nasdaqpat] 18/4/2017 07:42

Very impressive return that EI!

Just shows what can be done if one focuses on a few 'hot' companies like HSTN & WOOD and Add and Reduce stock at appropriate times, banking profits as you go. Trading costs become almost irrelevant under this approach, particularly if stakes are more than modest, because you are usually making significant profits on each sale and they will tend to dwarf the costs incurred.

However, one needs to be able to dynamically identify and focus on 'hot' stocks for this approach to work well and many of us are stuck with a partially or fully fixed portfolio of shares which may not contain any 'hot' stocks at all.

[essentialinvestor] 17/4/2017 13:42

Invisage, it's over 11%, HSTN my main contributor.
Required a time commitment, so needs to be viewed
in that context.

If we do not get a 4-5% plus give back in markets over the next few months,
then I am too conservatively positioned, it's costly in lost income.

[invisage] 17/4/2017 13:19

What's your YTD EI?

[essentialinvestor] 17/4/2017 12:31

This year, lol. On a busy day it can be 10-15 plus, which is why I take frequent
breaks, not sustainable on an ongoing basis, at least not for me.

[invisage] 17/4/2017 12:15

How many trades have you done this year EI?