Alea Share Discussion Threads

[m.t.glass] 06/4/2007 21:35

EC- Yes. The particular alignment of factors which has allowed me to do so well this past quarter is something which may well be unrepeatable - so I am thinking I might run it a little longer while it's available.

[effortless cool] 06/4/2007 09:05

Cheers, that's interesting. I have to say, if I did that well in my four months on, I'd find it very difficult to take eight months off.

[m.t.glass] 05/4/2007 21:39

EC- this storage thread includes details of my portfolio and approach

[effortless cool] 05/4/2007 21:19

MTG,

Thanks for answering, and good for you. It sounds like you have your life nicely worked out.

You might want to consider dabbling long HWY over the summer. I have to admit to calling this 100% wrong (short then long) so far, but it now looks absurdly cheap.

[m.t.glass] 05/4/2007 21:03

EC - yes. I trade fulltime for 4 months and dabble intermittently for 8 months. This year it has worked exceptionally well (but slight shift in my calendar, so taking 7 not 8 months). Since quitting the dayjob 9 yrs ago I am entirely dependent on investing/trading with no other income (I no longer have a mortgage and no dependents).

hc - nope. Cashed in almost all my leveraged TAN for the weekend (will likely pile in again Tuesday, but spreadbet leverage means a tenfold reaction to market price movement, so I don't risk long weekends, esp as some markets are open this weekend). Still holding some ordinary shares though, plus a small leveraged stake.

[handycam] 05/4/2007 20:50

They can, but one always makes harder work of it than is necessary.

MT,

Still carrying all of your Tanfield?

[effortless cool] 05/4/2007 20:13

MTG,

Can you make enough from a winter's trading to sustain you for a full year? Do you just trade or do you have another source of income?

Sorry to be so nosy, just interested from a hobby trader's perspective about whether people really can do this successfully, reliably, full-time.

[m.t.glass] 05/4/2007 16:05

Dunno, EC - I am into my part-time summer trader mode (or rather 'rainydaytrader' mode when driven indoors by several days of grey) so will not be seriously reseaching till my fulltime phase restarts in November.

[handycam] 05/4/2007 09:42

Long YRK, Mr. Cool. And that's not a pub tip, by the way.

[effortless cool] 05/4/2007 05:39

Some of us made a ton on GOS too.

Where next, Mr Glass?

[m.t.glass] 04/4/2007 21:20

A nice 25% gain for anyone who genuinely did trust that 74p floor (I certainly wouldn't have, and didn't!). Congratulations to anyone who did so. (though there may well also be some non-genuine claims to have done so - there usually are afterwards). A gain of about half that for those who bought into the mid-March breakout.

But having captured so much of the 72% slide through 2004, 2005, and into 2006, those of us who profited from repeatedly or continuously shorting it have done better from this than from anything since the great (documented) CRTO ski ride ;o)

ALEA,CRTO and GMX before that, have all earned their corn as enjoyable territory for shorters ;o)

[handycam] 04/4/2007 16:32

EC was right.

[shanksaj] 04/4/2007 07:55

Looks like the game is up for shorters on this one.

[m.t.glass] 01/3/2007 21:08

Nothing. They are wind-up merchants.

;o)

PS: Results will be one day before tax year ends for private investors..

[harleymaxwell] 01/3/2007 10:06

this has been ticking up - what do these guys do these days

[effortless cool] 16/12/2006 23:20

I can't believe that you guys are still wasting your time on this.
It's more likely to go up than down from here, in my opinion.

[m.t.glass] 13/12/2006 23:22

Does feel like it's jumping on ice and will go through it eventually.

[adeyberry] 13/12/2006 21:46

My instinct tells me a collapse is due here very shortly, sub 70p coming very soon IMO!

[m.t.glass] 12/12/2006 16:46

Late wobble today brings it back there yet again..

[m.t.glass] 29/11/2006 12:00

On its way towards testing 74p again..

[adeyberry] 15/11/2006 21:12

80p looks pivital to me, if its holds fair enough, if it doesn't, let the next leg down commence! All IMHO! (Chart sure looks ready for a fall shortly)

[paddyfool] 15/11/2006 11:21

The market cap is £140 million the nav is £250 million as per the September interims. Were the latter to be true then Alea would still be trading as an ongoing underwriter. So there is certainly something wrong here. Believe me when I tell you that were it possible to have traded on they would have done so, however much they would have had to throw overboard to achieve it. The true eng game nav is somewhere between 0 and where we are today. Sooner or later this will show in the price.

[handycam] 14/10/2006 17:30

Indeed they are.