Ashtead Share Discussion Threads

[lairddavid] 11/10/2016 12:19

Bracke... I consider myself admonished, and Ian, I think that might not be a daft strategy

[bracke] 11/10/2016 12:16

Good day ian

I suspect LAIRD was seeking a more analytical approach but failing that your's is as good as any other.

[ianwwwhite] 11/10/2016 11:06

Good morning bracke,

I think that we can be a little more helpful to LAIRD.

There is a view that when the Deutsche Bank analyst who keeps reiterating 'sell 710' (most recently 27/09/16) turns bullish, and comes in with a 'buy' recommendation, that would be the time to consider shorting if you are so inclined! (lol!)

.

[bracke] 11/10/2016 10:32

Good day LAIRD

Such a brazen question with no consideration for the sensibilities of the s/holders.

If you'r going to ask such inflammatory questions you must allude to it such as ' it's looking cloudy when do you think it will rain'. Thus you avoid upsetting the 'chosen ones' who are already looking towards 1500 and trying to decide whether it will be a Bentley or a Yacht.

[lairddavid] 10/10/2016 21:17

When do we start shorting?

[bracke] 10/10/2016 15:44

Good day fenners

It may drop back for a retest but looking at the price action of AHT, FTSE and the £ fall, it may just carry on up to test the previous high achieved on 07 September at 1375.

It's had a good run up from 1180 and to my eye is looking 'stretched'. It's way above the Daily SMA 200 and some distance above the Daily SMA 100 and SMA 50.

Following a large rise it does tend to put in a largish retrace. I am thinking at least back to the SMA 50 at 1250.

[2flatpack] 10/10/2016 15:33

Stifel raises price target on this boring share from from 1450 to 1550; rating buy.
Cheers

[fenners66] 10/10/2016 15:21

Your 1340 target achieved , now a retest Bracke?

[bracke] 07/10/2016 11:25

A gap up this morning thanks to the falling £ and resting on the 76% fib.

We now await the NFP.

[csmwssk12hu] 06/10/2016 14:55

Is it me or has the pound dropped about five percent in the last few days which will have a huge positive effect on earnings here but share price has hardly moved?

[fenners66] 06/10/2016 14:23

Sorry for those affected , but it looks like hurricane Mathew will be bringing more work Sunbelts way.

[bracke] 05/10/2016 13:59

Probability of "boring" - Zero.

[2flatpack] 05/10/2016 13:30

I prefer boring.
Cheers

[bracke] 05/10/2016 10:56

Although 1300 failed to support look on the bright side; yesterdays gap was filled.

What next?

The US indices have been falling in anticipation of an interest rate increase. Friday's Non Farm Payroll data should settle the matter but the FED may yet again find a reason to avoid an increase.

The UK indices rise on the weakness of the £ and AHT benefits from its weakness.

Volatile times ahead.

[ianwwwhite] 04/10/2016 16:29

Thanks bracke, always good to hear your views.

Can't help feeling that markets are generally indulging in a bit of over exuberance, and the Deutsche Bank issues which were so much dictating market sentiment last week have yet to be resolved, so a general retrace would not be entirely unexpected imho.

Interesting times, as always!

[bracke] 04/10/2016 15:52

"1300 has not yet been tested from above. A retrace is due."
===============================================================

And so it came to pass.

[bracke] 04/10/2016 14:15

Good day ian

1100 or 1300 was obvious. The clever part would have been to have analysed which way. I didn't.

The 1300 resistance is again obvious. The 1340 less so but not overly difficult.

Friday is Non Farm Payroll. If the data is positive it will be difficult for the FED to avoid a rate rise. The US market is preparing for a rise.

[ianwwwhite] 04/10/2016 13:59

Hi bracke

Re post 52665 (3rd Oct):

I have been waiting for the share price to make up its mind ie. 1100 or 1300. It has now done so and (drum roll) IT'S 1300!!
* First resistance Zone 1300.
* Second resistance Zone 1340.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Good call bracke, looks like you were right on the money, give or take a few pesos!

[bracke] 04/10/2016 11:04

Good day fenners

Trust you are well and living in the lap of luxury courtesy of AHT.

The fall in the £ against the $ has been very beneficial for the share price and propelled it above 1300. It will be interesting to see how the share price reacts when the £ rises.

1300 has not yet been tested from above. A retrace is due.

[fenners66] 04/10/2016 00:00

Still here and reading every word.

[bracke] 03/10/2016 15:52

I should think so too.

[2flatpack] 03/10/2016 15:16

bracke
I am extremely satisfied.
Cheers

[bracke] 03/10/2016 13:16

Some people are never satisfied!!

[2flatpack] 03/10/2016 12:25

What a boring share.
Cheers

[bracke] 03/10/2016 11:35

Good day ian

I have been waiting for the share price to make up its mind ie. 1100 or 1300. It has now done so and (drum roll) IT'S 1300!!

First resistance Zone 1300.

Second resistance Zone 1340.