Ashtead Share Discussion Threads

[ianwwwhite] 27/6/2014 11:20

Bracke,

Obviously your gentle irony can be too subtle for some...

[broadwood] 27/6/2014 11:01

I have little time for egotism, even less for so called technical analysis. Its invariably a case of, for example, 'the trend is down' (ie lower) but resistance levels are at ..' ie (higher).
So I've covered my back whatever happens.

Its a pity that such a sterling company doesn't have a more fundamental thread but I guess there are few ADVFN subscribers who hold them. I had contemplated starting another one but frankly can't be bothered.

Anyhow my interest is solely in making money not enemies - so, as I said, I'm out of here.

PS. Mayers - Thanks by the way.

[ianwwwhite] 27/6/2014 10:57

bracke,

Re 49674, thanks for this guidance, much appreciated as always!

[bracke] 27/6/2014 10:44

broadwood

Us Elite Gurus occasionally blow our own trumpets although there are those who say a tin whistle would be more appropriate.


The share price has broken above intraday resistance at 866 which may now act as support and out of the symmetrical wedge.

Now comes the more difficult part. On the Daily chart there are three resistance zones to breakthrough. The first is a trendline at 875ish. The second which is likely to prove more difficult than the first is an s/r at the mid 890's. The third is the recent high at 927.

[mayers] 26/6/2014 22:48

broadwood

Please don't go. I value your contributions. As I have learnt there is a laconic side to this page.

[discodave4] 26/6/2014 19:05

Nice to see the BoE giving us a leg up this morning....pity I sold my BWY shares the other week.Bracke,Thanks, I do have a long way to go, but so far despite the ups & downs I am enjoying it and giving it as much as is possible......time will tell if I am successful or not, so far on paper I'm achieving the target....just, but how easily and fast all of that can change!.Wishing you, and all invested here, all the very best of good fortune and good health.DD

[broadwood] 26/6/2014 19:02

Blimey-no false modesty there then.Time to leave I think.

[bracke] 26/6/2014 18:47

ian

I will treat that post with the complete contempt it deserves.

Remember you are dealing with an Elite Guru not some 6p ad hoc chancer.

[ianwwwhite] 26/6/2014 18:18

bracke

So you've finally upgraded from the tea leaves and crystal ball then?

[bracke] 26/6/2014 17:03

uppompeii


LOL!!

You never said a truer word.

I am in the process of learning to use a new piece of software and a new trading system. One of them would be sufficient but both together is taking its toll.

[uppompeii] 26/6/2014 16:30

The stress is getting to him, gently handled ianwwwhite.

[bracke] 26/6/2014 15:30

ian

Well done. I wondered who would spot that first. 866 is the correct figure.

[broadwood] 26/6/2014 14:09

Having a look at Sunbelt/Ashtead website, it strikes me as being extremely comprehensive. For a rental company that is critically important needless to say but it doesn't disappoint.

[ianwwwhite] 26/6/2014 14:06

bracke,

886 or 866? You see, we are paying attention!

[bracke] 26/6/2014 13:48

The share price has risen to the first resistance at 886. See 49647.

[bracke] 26/6/2014 13:44

Disco

Good fortune with your learning. The system you use (TA, Fundamentals, Charts etc) does not matter. What does is success.

I suggest you have some way to go. Remember the market is not designed to give you money, it is designed to take it from you.

[broadwood] 26/6/2014 11:41

fenn - right. It seems most folks think it is long overdue and would be a popular policy. So they have to decide how to fund it. Needless to say, cuts are being considered in other spending - both by Congress and locally.

[fenners66] 26/6/2014 11:36

AS far as US infrastructure on roads and bridges is concerned, I watched a feature on Bloomberg yesterday saying that there is a great demand but central govt has cut funding by $2bn. The onus moves to state taxation to pay for it.

[broadwood] 26/6/2014 10:47

Plenty of Broker positivity- rightly so.

Additionally talk of US infrastructure spending on roads and bridges would likely benefit AHT.

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[fenners66] 26/6/2014 08:29

Have we turned into a day traders share?

[mayers] 25/6/2014 23:58

Thank you to bracke , uppompei and others for these helpful contributions. Broadwood's comments concerning the volatile international situation seem to me eminently sensible. 49,975 comments to go!

[discodave4] 25/6/2014 19:58

Typo-that's pear not pair (bloody Apples!..... forgive the pun).DD

[discodave4] 25/6/2014 19:22

Bracke,Have been investing (seriously) for about 18months. Initial strategy was momentum and growth FTSE 250 shares (graphed all 250 companies for the last five years and filtered out any that did not have sustained growth in sp). Also checked a few fundamental metrics, namely those that had net debt less than 3x their profit before tax, a PE less than 15, low PEG, high ROCE and then the usual in terms of what sector, what management, company history, major investors, what brokers views are, etc, the usual background research. Now I am slightly paying the price as most have reached/exceeded what the market perceive as fair value and are/have dropped a bit over the past couple of months (similar to AHT). Won't mention the AIM investments early on that went pair shaped and had to cut my losses (still holding onto two goldies though).So now I'm looking at applying the Zulu principles to select some small cap investments. With loads of passionate research into everything related to investing I do feel I'm just starting to learn!......with lots more still to learn.Do also look at charts but only the basics really - support/resistance levels, 200, 100 & 50 SMA and Bollingers, MACD and RSI - just to see what would be good entry/exit levels but in truth find I'm struggling to see how they tell me what's going to happen next.My overall goal is simple really......achieve returns greater than the FTSE100+inflation..........to learn and to continue to enjoy.Apologies all on here (especially Mayers) for the potted personal history of my goals and aspirations BUT where else can I exchange such thoughts......already boring the pants off my work colleagues about investing lol.DD

[broadwood] 25/6/2014 16:24

And US GDP figures for first quarter were pretty shabby but the Dow rises on hopes of continuing QE.

Perverse as usual

[broadwood] 25/6/2014 16:03

Probably the reason that AHT has maintained relative strength against the falling market today is thanks to HSBC.

They maintain their 'overweight' rating and also their TP at 1050p. About 25% higher than the current price.

Liberium has a buy and TP of 1030p and Barclays has recently upped its target to
946p from 930p.

To be honest whilst the international situation remains volatile the quality stocks suffer on the falling tide aswell. FTSE is around a six week low.