Ashtead Share Discussion Threads

[bracke] 28/5/2015 15:47

Yes you do well :-)

[bracke] 28/5/2015 15:31

I've a good mind to delete post 50708 and pretend it was never there.

Is it any wonder that I think this share is out to get me!

It did what I expected but not before posting a new high.

The US Pending Home Sales data was a lot better than expected and brought concern that a rate increase will come sooner rather than latter.

Plus some profit taking.

Plus the Greek situation.

Plus taking the mickey out of bracke.

[ianwwwhite] 28/5/2015 15:03

Whoops! Now look what you've done bracke!!!

(lol!)

[rhatton] 28/5/2015 14:48

Reason for the drop? I see URI down too?

[bracke] 28/5/2015 11:57

"I suspect that the high on Wednesday 20th may be it for the time being. It appears to be retracing perhaps to 1154 before another attempt at breaking up to a new high."
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It did retrace but not to the level I suggested and in typical AHT style rose to a new high.

Having broken above the previous high 1255 is the likely target.

[ianwwwhite] 27/5/2015 17:19

broadwood,

Thanks, most interesting.

[broadwood] 27/5/2015 15:03

Wolseley -another building/plumbing stock-also flying. Big presence in US



U.S. housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter.

The strength in housing is in stark contrast with weakness in consumption, business spending and manufacturing, which have prompted economists to lower their second-quarter growth estimates and raised doubts that the Federal Reserve will raise interest rates before the end of the year.

[ianwwwhite] 27/5/2015 14:48

Not sure whether the housing starts directly impact AHT?

Nevertheless, an impressive rise, and I have sold a few more and taken a little more profit at 1219.3p to reduce and re-balance my holdings. Every little helps...

[broadwood] 27/5/2015 13:03

Good housing start figures over there.

[chrisstanding] 22/5/2015 21:25

Could be right, anyway I've sold at £12.00, hoping to buy back at £11.50, we will see

Cheers

[bracke] 22/5/2015 10:42

I suspect that the high on Wednesday 20th may be it for the time being. It appears to be retracing perhaps to 1154 before another attempt at breaking up to a new high.

[nrc] 15/5/2015 14:20

Many thanks. JC

[2flatpack] 15/5/2015 12:41

ncr
Q4 earning release 07:00 16.06 15
Cheers

[lairddavid] 15/5/2015 12:15

2FLATPACK...That was my thinking....I closed my last long at1187, havn't been brave enough to go short.....I think we will see one of those black candles with a long tail taking out some stops before we start picking up before results. If it pulls back i will go long again in the run up to results which I think are early June...maybe someone could confirm....Thanks!!

[nrc] 15/5/2015 11:43

2flatpack,

grateful if you could remind me of expected results date announcement?

Thanks

JC

[2flatpack] 15/5/2015 11:00

From my googling of Triple tops .
They are a bearish indicator .
Having watched the AHT triple top unfold it's bouncing off resistance .
I find it hard to see it as a bearish indicator ,just normal behaviour for AHT.
I think and hope the share price will drop before results but I see no indication of a change to the upward trend.
As always I stand to be corrected.
Cheers

[lairddavid] 13/5/2015 16:51

Bracke...... thank you very much for your thoughts.

[bracke] 13/5/2015 16:44

Good afternoon LAIRD

II78 is the 78.6% Fib from the high on 03 March and the low on 10 April but I don't think that is the reason for resistance.

If you look at a Daily chart you will see the share price met the same resistance before making the high on 29 December. It has come back into play as such s/r often does.

Considering the price action of the FTSE and DOW to-day the share price has held up well. If the DOW rises this evening I will not be surprised to see AHT gap up tomorrow.

[lairddavid] 13/5/2015 16:27

Hi Bracke....its seems to be struggling to hold over 1170, in your opinion is that some kind of technical resistance point?

[bracke] 13/5/2015 12:24

2flat

Well done with your trades.

Be careful with AHT it has a habit of doing the unexpected.

[broadwood] 13/5/2015 12:14

Well done. Keeps the pension pot healthy.

[2flatpack] 13/5/2015 12:02

bracke broadwood.
I am feeling particularly smug as I switched my short to long almost at the bottom and have now switch back to short.
Using fairly tight stop losses and small bets I am making a few bob.
I was hoping for a pull back before results to go back in heavy but if not I will look to short on results day.
I sold out most of my holdings last results day at 1212 to switch from isa to spread betting account, so still in profit.
Bracke
You are expecting a break up in the next week or so .
I an mainly cash, looking at the US it looks expensive and there is talk of a pullback .
Plus the Greek black swan is waiting to happen .
As always thanks for sharing your ideas
broadwood
AHT is a multi bagger for me I've held from 169p.
Cheers

[broadwood] 13/5/2015 10:55

Multi bagger for me - since 2010.

Classic growth stock making very dangerous to short especially ahead of results.

Each to his own.

[bracke] 13/5/2015 10:47

Good day 2flat

I presume you covered your short in profit?




The share price looks set for a triple top by approx 21 May. If it can break up then 1250 likely target.