Big Yellow Share Discussion Threads

[nephin] 04/1/2007 17:00

I couldn't get out today because of personal circumstances and I shall be at work tomorrow so I'll have to leave a sell at best order with my broker. I don't like doing this but I'm desperate to dump this one now - I can see it going down in a straight line and leveling off sub 600 (well below it)

I am so annoyed that I did not sell last Friday when the share price was pumped up to over £7 - There is nothing worse that leaving money on the table like this. I normally stick to a rigid 5% stop loss on these All Time High shares and this is the only time that I have relaxed it - still it will teach me a lesson in future, life is one learning curve if nothing else.

I have just noticed that one of the break out sites has this down for a buy - can you believe it?

[sam66] 04/1/2007 16:39

Had to close mine also Christmas profit gone still think this has great potential and will be back above £7 but the market doesn't think so at the moment so it might take a while good luck to all !

[2gemini] 04/1/2007 13:06

I'm out now as well. Thanks to all for your valuable input

[kievtrader] 04/1/2007 11:06

Agree Nephin. 100% premium to NAV on BYG so I have been rotating to Lok'n Store - LOk which is same sector but in position BYG was a year or two ago and is trading just above NAV of 213p. LOK and store could easily double from current levels like BYG and are also more likely to be bid for. Keeping a small holding in BYG on trading grounds otherwise am now fully invested in LOK with my BYG capital and profits.

[nephin] 04/1/2007 09:36

It looks as though the BYG story is over now, the chart has suffered its sharpest fall in 2 years which must be telling us something.

Good luck to all holders.

Over & out

[sam66] 04/1/2007 09:05

Well done on your play hopefully you got out just at the right time for us longs !

[nickcduk] 04/1/2007 08:59

Ive taken my 35p and Im out now. I agree its risky to short stocks making new highs, especially in a bull market like we have had. I took the view that last weeks action was a blow off top and that BYG had only shot up like it had for the reasons I noted earliar. As for the bid talk, Im not sure how well substantiated it is but I wouldnt be able to short anything in the market at the moment if I followed that argument.

Anyway, good luck to all you holders of BYG.

[bluebelle] 03/1/2007 12:43

nick

That's what makes markets.

I personally would never short something making new highs in a sector which is showing relative strength against the market, especially where there is reasonably well substantiated bid talk.

[torabora] 03/1/2007 12:23

Yep i am with nikcduk here, If you like property NTA, is on the roll , up 700% in last 12 months .

[nickcduk] 03/1/2007 12:20

An alternative view on BYG. It has got swept up in a buying frenzy of late more than likely due to either shorts having to cover positions or more probable index buying. The big rises of last week also came on very little volume where one large buyer seemed to caused the major spike up. The share price has also gone way over the broker targets of a few weeks ago and considerably above NAV. Ive gone short so I am talking my own book here but I think it goes down some more in the same way TSC did after also spiking in a similar way a couple of months ago.

This is only an alternative view and not some nasty vitriolic attack on the company or its prospects.

[sam66] 03/1/2007 12:07

I am holding mine still can see lots more upside in this yet without the extra possibility of a bid only last week we had this From Chart-Breakouts.co.uk

"Although this has already broken out we feel the stock is very cheap and in a real hot sector,our target is at least 730p and maybe alot more,it's a real uptrender this one and any pullback should be limited."

[bluebelle] 03/1/2007 11:46

sam

I've been watching this closely on and off yesterday and this morning and I think 2 things are happening. First, PIs are taking profits : understandable given the run pre-Christmas and January is the month when a lot of people need cash ! Second, I think there is low key institutional buying : someone accumulating stock at as low a price as possible.

I was tempted to close my spreadbets this morning - very tempting to take a short term profit like that - but I've decided not to not least because of what the MMs are doing, or rather not doing : they're doing nothing. For the second day in succession, they are sitting with their sell price way above the current market price : WINS for example are the lowest and they are only offering 899 @ 687 - 8p above the last buy price - then you go to KBC at 689 up to GSCO @ 694.

In other words, they are happy to sit above the PI churn in the belief that they will be able to sell higher. I think so too (but as ever in this game, you never know for sure !)

[sam66] 03/1/2007 11:31

Disappointing to see a fall again today, but after yesterdays expected as worried investors secure their profit there seems to be a large volume traded so far for the few points drop, some big buys and sells plenty of people still picking up the cheap shares hopefully we are starting to settle down. I was much happier with the previous steady few points a day gains instead of 20 points up then 10 back!

[bluebelle] 03/1/2007 08:38

Slinky

2 X 100,000 at 698 from yesterday together with 2 buys of 394 shares at 695 : says 'bot' to me all right !!!

[bluebelle] 02/1/2007 15:13

Slinky Lady - 21 Dec'06 - 15:10 - 115 of 141
have we got a 'bot' working away on this?


Hapening again today. My guess is that it is someone discretely accumulating stock over several weeks: just look at the clusters of trades at the same prices. If so, this is still a strong buy short to medium term (as well as long) and today's fall is a good buying opportunity.

Just checked Level 2. On the Sell side MLSB are at 686 but the next lowest is CAZR at 695 and WINS are at 710. Six have moved their prices within about 15 mins of one another. All very unusual on this stock : the daily trading patterns have changed quite radically in the last couple of trading weeks.

[arja] 02/1/2007 14:18

agreed- but still a bit disappointing on such a buoyant day on back of wall street futures . Hope it is just profit taking and not a bad news announcement to come !

[sam66] 02/1/2007 13:18

Down 16p is half the increase we had on our last half day of trading. there is bound to be some profit taking but I am happy to hold much more to come so can't risk selling with the hope of buying back cheaper it moves to fast.

[arja] 02/1/2007 12:41

bad performance today in bullish market ! hopefully just profit taking and one of the few stocks down today ! Yes, LOK has a lovely chart but so slow moving and is an AIM stock unfortunately .

[kievtrader] 30/12/2006 13:37

mention of BYG in Daily mail and Times today re price rise under section dealing with property companies converting to REITS.

Great stock and will go higher on back of REIT news in new year and possible bid. I've just taken a little profit on this one and brought 22,000 LOK - Lok'n Store which is in same sector of self storage but is a lot cheaper than this one. BYG trades at 700p at a 100% premium to Net asset value. LOK in recent results came out with NAV of 213p per share so the share price at 227p is only a little above this NAV -if it performs the same as BYG (which has doubled in a year) then LOK will also trade at 100% premium and could double to 400p but I suspect a bid will come before this can happen - as is the case for BYG. doubled up on BYG and will wait for further gains and possible bid before coming out of the rest and rolling over into LOK for exposure to the same self-storage sector but with more upside from current levels than BYG. Let's hope for a 800p bid on BYG in next few weeks.

[amazelondon] 29/12/2006 15:35

MT Sorry it should have been 29th

[slinky lady] 29/12/2006 13:14

Flipping heck I'm getting vertigo!

[kievtrader] 29/12/2006 12:52

Great stock and will go higher on back of REIT news in new year and possible bid. I've just taken a little profit on this one and brought 22,000 LOK - Lok'n Store which is in same sector of self storage but is a lot cheaper than this one. BYG trades at 700p at a 100% premium to Net asset value. LOK in recent results came out with NAV of 213p per share so the share price at 227p is only a little above this NAV -if it performs the same as BYG (which has doubled in a year) then LOK will also trade at 100% premium and could double to 400p but I suspect a bid will come before this can happen - as is the case for BYG. doubled up on BYG and will wait for further gains and possible bid before coming out of the rest and rolling over into LOK for exposure to the same self-storage sector but with more upside from current levels than BYG. Let's hope for a 800p bid on BYG in next few weeks.

[jaykay1981] 29/12/2006 11:09

£7 achieved in no time at all. shame i forgot to roll my 50pp spread bet @6.20.

Gutted...