Aston Martin Lagonda Glo... Share Discussion Threads

[broadwood] 24/10/2006 16:05

Catlin also upgraded today.

[broadwood] 24/10/2006 15:11

Do you?

Latest hurricane downgraded from Cat 3 to Cat 1 today - hence the rise.
Expect the chart knew that would happen.

[farnesbarnes] 24/10/2006 12:44

You don't know which way?

[broadwood] 23/10/2006 17:17

So is that up - or down?

Now where's that seaweed.

[farnesbarnes] 20/10/2006 13:50

Shoort term divergences in MACD and RSI. 270 support.

[broadwood] 20/10/2006 07:41

Could be moving higher soon - if hurricane season remains benign.

[broadwood] 12/10/2006 18:04

Fb - I wish, - back in 01 I was standing on the ledge ready to jump!

[farnesbarnes] 12/10/2006 17:16

Broadwood

I bow to your superior trading/investing method. Elder, Murphy and Nison have nothing on you.

[broadwood] 12/10/2006 10:37

ursus - because there's such an army of dedicated souls looking into the rear view mirror, they can,I concede, make a minimal impact.

I've noticed,reading back,some folks aren't even conversant with what this Company does.Relying exclusively on a historical wavy line.

Gawd - they shouldn't even have a cheque book.

But while this run continues, who cares?

[ursus] 12/10/2006 08:34

but the people who buy and sell shares do have memories, and if enough of them who bought say at 280 then watched it down are psychologically conditioned by that experience to sell when it gets back to that level, then you have a resistence level that does mean something.

that said, i'm basically with you on the fundamentals argument, broadwood, but think it unwise to ignore what a sizeable proportion of those who make the price intend to do at particular levels.

[broadwood] 11/10/2006 19:34

raf - Exactly .

Resistance/support levels- they mean absolutely nothing.

Shares don't have memories.

[rafieh] 11/10/2006 19:06

Broadwood,
Are you saying that you only rely on fundamentals and don't care at all about how the chart looks like? Maybe you don't even look at it. Just knowing the current share price and the P/E and other figures would do, and it doesn't matter at all if we are just breaking an important resistance or falling through a support level which has never been breached over the last 10 years.

[broadwood] 11/10/2006 16:27

What a naff response - no more than expected.

Fundamentals is what the Company is doing,what markets it operates in,its margins,debt levels,etc - ad infinitum - not Brokers opinions.

So your chart will protect you from 'crooked accountants' - as if!

[farnesbarnes] 11/10/2006 16:19

As a 'charter' (wtf?), it's fundamentals that I find "larfable". Brokers and analysts, so called industry experts who peddle second hand information based on the gentle massaging and manipulation of potentially crooked accountants and directors.

Your post Broadwood lacks any substance, and technical or fundamental.

Congratulations on getting aboard at 220p - lucky throw of the fundamental dart? I have my own view.

[broadwood] 11/10/2006 15:04

raf - I too own the shares - since around the 220p level.

It's 'charters' like yourself, and their earnestness, I found 'larfable' - as if you could possibly tell the future from what happened in the past. It is statistically proven - many studies, many times,- that chartists just about achieve what would be expected - i.e. be correct around 50% of the time. Pretty much the same as tossing a coin. But their enthusiasm persists - and their fibbinachis,wave charts, general mumbo jumbo remains undiminished.The two opposing opinions, yours and Evil's, illustrate perfectly my point! And just look at the previous twenty or so posts on here to illustrate the point further. All 'predictions'pretty much universally wrong.

I'm afraid its become an industry for people trying to pedal rubbish- and charge for it.This thread it seems is peopled by devotees, each reading the same historic information to produce x numbers of different outcomes. Get back to basics - it ain't rocket science.

From a fundamental point of view, and with the absence of serious hurricanes this year, there may still be a little more to go for - but they are approaching a fair valuation. The hurricanes absence is double edged, meaning rates will be flatter next year.

[rafieh] 10/10/2006 20:12

broadwood,
I am not sure what you find "larfable" here. I bought a shedload today on the basis of the strong buying signal I saw on the chart. You may disagree, but only time will tell who will have the last "larf".

[broadwood] 10/10/2006 15:41

You've gotta larf. Or sympathise.

[rafieh] 10/10/2006 12:14

evil,
On the contrary I am thinking of buying, as I can see a large reverse head and shoulder, with the neck line just been broken upwards. Can you see it too?

[evilwebby] 08/9/2006 11:40

The chart has got "short me" written all over it. MACD giving a sell signal, with clear resistance just below the previous year high..

[evilwebby] 08/9/2006 10:44

FB, plenty on my watchlist. Most of stuff I have been in/out of this year already:

My shopping list would include the following, and at what prices I would consider attractive (would of course need fine-tuning as and when):

BP. >550p
RBS >1700p
BARC >610p
LLOY >500p... maybe
VOD >100p
PFG >600p
CHU >60p (recently sold half my holding)
BMY >300p-ish
JKX >250p
EEN >180p

I am avoiding AIM stocks for the time being - the total lack of AIM bounce is a sign that we could well already be in a bear market imho where speculative and "risky" shares will be hit hardest. As I say, some of the above I have already been in/out of already this year and made good money on, so in a sense all I am looking to do is buy back cheaper than what I sold for, and it would not the end of the world if I miss the bottom (of course, I'll try my best to buy at the bottom).
I think the next couple of years will be very challenging for many companies - you don't want to be investing in companies that have no franchise power and high overheads, as these will be the ones that get squeezed most.

Any other ideas?

[farnesbarnes] 07/9/2006 18:32

We shall have towait and see.

Re: FTSE - I see today's 71 point drop as significant for 3 reasons.

1. Break of an uptrending wedge.

2. Gap down.

3. Inability to get to 6000.

On the basis that the May decline was 600 points, we are looking at a theoretical fall to 5400 over the next coupleof weeks.

Your 230 AML target is a bit too bearish for my liking, as there is a bit of resistance on the way down (255 - gap, 240 - lot of volume).

I think you'll know when AML next represents good value.

Incidentally, and I haven't looked into this in depth yet, but there looks to be a triangle forming on AML at the mo.

What else are you into/watching webby? For what it's worth, OML looks interesting, with results due 14 or 15 Sept.

But with the way the FTSE is, I'm currently on the fence.

ATB

[evilwebby] 07/9/2006 13:56

FB, if the FTSE revisits 5,500 I think it will. Sept/Oct/Nov notoriously period for stocks, doubly so this year with the bottom of the 4-year cycle due.
Am happy to wait and see, especially after their slightly disappoint FY results.

[farnesbarnes] 06/9/2006 18:13

Can't see this getting to 230 in the next few months evil.

[evilwebby] 04/9/2006 13:11

It's on my shopping list. Reckon I'll be able to get them for 230p some time in the next 3 months when all's said and done. Sept/Oct/Nov - can almost guarantee a sizeable market fall some time in those months.

[farnesbarnes] 01/9/2006 18:44

Shooting star yesterday, hanging man today. This must be the top of the latest rally.

Fib levels on the way down: 270; 260.5; 253; 245; 220. A bounce of any off these, and I'd have thought 260.5 (66%) would be the most obvious.