Ashtead Share Discussion Threads

[ianwwwhite] 20/8/2016 21:40

bracke

I understand your sentiments, but for me 'do nothing, avoid criticism' is still my favoured strategy which appears to have been adopted by the FED!

The more they prevaricate, the more opportunities they create!

DYOR!

IWW

[bracke] 20/8/2016 12:46

Thanks Ian

There was no US interest rate increase but the market is 'edgy' especially as not only are different FED Members saying different things but some of them are contradicting themselves!

I do ponder if it would be better for the FED to increase the rate to get it out of the way and eliminate the uncertainty which the market strongly dislikes.

[fenners66] 20/8/2016 00:01

Thanks for the URI update Bracke

[ianwwwhite] 19/8/2016 19:01

bracke

Thanks as always for your views .... I think that a lot of us are listening and benefiting, even if we don't always say so.

On behalf of all the lurkers, keep up the good work!

Cheers,

IWW

[bracke] 19/8/2016 17:40

Again the volume shown for to-day appears incorrect.

London Stock Exchange shows volume as 1,907,457.

Looks like it is testing 1200. The DOW close to-day will likely determine whether it breaks through or not.

[bracke] 19/8/2016 14:08

Good day fenners

Scroll down the list.

[fenners66] 19/8/2016 13:53

Anyone know why URI took off yesterday?

[duncan doughnut] 17/8/2016 17:34

I sold today.

Have had a superb run but just I feel the market is getting a touch over-bought.

I may buy back if thhey come off 5%. Still a great stock.

[bracke] 17/8/2016 16:18

Holding in company

Black Rock Inc - Reduction of Indirect Holding by 1,622,603 to 4.48% was 4.81%.

[bracke] 17/8/2016 14:27

The FED Minutes are released later today.

If there is no indication of a rate increase it may be enough to push the market up further.

[ianwwwhite] 17/8/2016 14:07

Sold 10% of my core holding this morning at 1235p to reduce my exposure and bank some more profits.

We have come a long way, the share is looking a little bit toppy imho, and I wonder whether some retrenchment is now likely, particularly as the effect of the pounds slide against the dollar seems to be nearing the end for the time being.

Still fundamentally a very sound company, and I would be happy to buy some back if there is a opportunity at a lower level.

DYOR.

Ian

[deadcatbounce] 16/8/2016 19:22

Thank you Bracke, I will start to keep a close watch on this share as I am looking to invest with interest rates being so low.

[bracke] 16/8/2016 18:09

Viewing the AHT 3 month chart above my attention was immediately drawn to the volume and the narrow trading range.

I have checked the volume on the London Stock Exchange site and it was 2,161,102.

[bracke] 16/8/2016 18:06

Good day deadcat

It's at its first major test following the low at 2465 ie. the last minor swing high at 3550.

If it can break up the next resistance is the 50% fib which is also the next minor swing high. This has been a s/r zone previously so may be more difficult to overcome.

If it is unable to break above 3550 it is likely to drop back and test the 38.2% fib at 3450.

Note that the MACD is starting to become 'stretched'.

[deadcatbounce] 16/8/2016 17:33

Bracke, I have no knowledge of charting but always value your analysis on Ashtead. The chart on Standard Life shows a continuous list of lower highs but could this latest 'rally' show a break to the upside showing a change in fortune for the share price?

[bracke] 16/8/2016 10:51

I know the charts below are off topic but not much else is being discussed and I know that uppompeii is an avid collector of charts. I think the two below are self explanatory.


Aviva DAILY




Standard Life DAILY

[uppompeii] 15/8/2016 18:09

Ah well, still have my post brexit Standard Life picked up for a song and a few Av. I couldn't resist after dithering...

[bracke] 15/8/2016 16:47

Good day uppompeii

Unfortunately so. There was a high probability it would go for the all time high.

You probably still did well.

Now what? To infinity and beyond or time for a retrace.

A retrace would seem likely but given the current market I know not.

[uppompeii] 15/8/2016 16:20

Well I timed that sale wrong!

[bracke] 15/8/2016 14:50

It closed on Friday at 1226 which broke the previous best close of 1217 achieved on 27 May 2015.

The previous best Intraday high was 1231 achieved on 28 May 2015 has been broken today.

[broadwood] 15/8/2016 14:48

Incredible share this is.

Paid 201.65 back in Dec '11.

Probably more by luck than judgement. But while they keep coming out with such stellar
results and forecasts, I may hold for another five.

[james97] 15/8/2016 13:48

Possibly heading for new record

[2flatpack] 12/8/2016 22:35

YAHROOOO !!!!!!!!!!!!!!!!!!!
I feel better for that.
Cheers

[james97] 12/8/2016 11:41

It is proving difficult for them to buy back shares. Every time they raise the threshold price the share price moves above the new upper limit. Don't think they can raise it again until after first quarter results as they are now in a close period.

[james97] 11/8/2016 11:42

Yes - hence the big opening drop. Very impressive progress since then!