Robbie Burns
Robbie Burns's columns :
09/02/2006Time to stop on stop losses?
23/01/2006Gambling on the Indices
04/01/2006SECTOR PICKS FOR 2006
12/12/2005Will You Be Ho-Ho-Hoing Your Way To The Bank This Christmas?
28/11/2005Oil be Blowed!
14/10/2005The Naked Trader Book
30/09/2005Market Downturn? >>
11/09/2005Soaring Portfolio Strong Markets
30/08/2005Get Rich Quick Greed
10/08/2005All about IPOs
27/07/2005What's the best way to go Short?
13/07/2005Trend Timing - Let the Trend be your Friend
08/07/2005Terrorism and the Stock Markets
28/06/2005London Stock Exchange SETS mm
13/06/2005Holiday from the Markets
06/06/2005Dividends
23/05/2005Penny Shares
09/05/2005A Cautionary Tale about Stock Gossip

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Robbie Burns – The Naked Trader

Robbie has been trading full-time since 2001. His book "The Naked Trader" (which also has useful information on how to use advfn) has become one of the biggest-selling finance books, reaching the top 150 books on Amazon - order it here. Trades made for Robbie's website have amassed profits of more than £300,000. You can read about his buys and sells daily at www.nakedtrader.co.uk.


Market Downturn?

30/09/2005

Judging by the ADVFN bulletin boards, many investors seem to think that shares are about to take a downturn. Their argument is that with high oil prices, companies are facing increased costs and this will feed through to the bottom line. Also, there's little doubt that retailers are having a terrible time, with many profit warnings coming out - House of Fraser being a recent example.

But I'm not so sure that companies are suffering that badly.

Several companies that I hold in my portfolio which have reported recently have announced increased turnover and profits and seem to be confident about the future. White Young Green reported brilliant results, as did Delta. And VP has just come out with a confident trading report.

While I agree that you often have to take company statements with a pinch of salt as they are 'spun' in favour of the company - the actual figures speak for themselves. So it's not all doom and gloom (unless you are a retailer).

So, while many feel we are going to have falling share prices for the rest of the year, I feel reasonably optimistic that we could see a good year end.

Next year I'm not so sure, but - in any case - I feel it's too difficult to make predictions, which is why I don't play the indices.

The increasing oil prices are certainly making me a lot of money. Oil shares are the place to be and my holdings in Burren Energy, Dragon Oil and, more recently, Tullow Oil and Hardy Oil have made me a fortune. I think all investors should ensure they have some exposure to oil - at least for the moment.

Right now I'm happy to stay holding most of my shares despite the huge gains they have seen this year. There is more to come, especially in my favourites: Burren Energy, Dragon Oil, CSR, and Rotork.

Emerging Market Trusts are worth a look too - they are all booming. My favourite right now is Templeton Emerging Investment Markets Trust PLC.

So, good luck to all of you who are sticking with your shares for now. I think you are wise!


You can read Robbie’s daily market comments together with his latest buys and sells at his website www.nakedtrader.co.uk

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