Capita Share Discussion Threads

[trt] 30/9/2008 14:36

Dangerous - DOW surging upwards !!!!

[mmx trader] 30/9/2008 12:40

just shorted again at 705

[trt] 30/9/2008 08:23

Drip feed money into the market thats what I try and do - buy every so often

[bigbigdave] 30/9/2008 07:51

Fasten seatbelts today chaps.
A buying opportunity awaits, tho f knows when 8-)

[trickyboyfish] 29/9/2008 18:24

MMX- Good Call although I think in the medium to long term, the upward trend continues.

[trickyboyfish] 29/9/2008 18:22

SKS999 - Do you work for Capita too? And if so are you involved in the overseas operations?

[oscar000] 29/9/2008 17:25

mmx you are correct, well done.

[trt] 29/9/2008 15:11

Just topped up yet again. This really is a safe haven in such markets.

[sks999] 29/9/2008 14:55

Trickboy, outsourcing to Mumbai does not necessarily equate to valuing price over quality. It is of course the motivation but I would challenge the supposition that that autmatically equates to a worse service.

[trt] 29/9/2008 11:52

Its just following the FTSE 100 trend today - still seen as a good safe haven though, with a chance to top up again.

[mmx trader] 29/9/2008 11:49

I think its due for a pull back, 695 is what im expecting, then will se how market reacts to that. 720 daily support has been broken but the real support is 695. trading below that and my 630 could be reality.

695 is my current target.

[trickyboyfish] 29/9/2008 11:43

Cheers MMX - I see the £720 support was broken this morning but seems to have recovered. A bit of a blood bath again today.

[mmx trader] 29/9/2008 10:50

Trickyboyfish

I use CFD's

[trt] 28/9/2008 19:31

I noticed in todays Mail On Sunday in an article in the financial section about the current turmoil in the markets Sam Morse from Fidelity Investments states ": I have substantial holdings in the support services sector. Many of these companies benefit from the trend towards outsourcing in difficult times. Examples include Capita, Serco, Bunzl, Intertek and MITIE.

[trickyboyfish] 26/9/2008 20:24

OK - You know my position ;)Hate em, but I wouldnt go short right now, and this is why.

Firstly there is the big W double bottom bounce - trend reversal.
Secondly there was the recent breakout of pennant flag formation which despite todays loss is still intact.
Thirdly - The Williams%R(24) remains above the -50% mark which signals that the uptrend is still intact,
And Finally the Triple Moving Averages (EMA) are all crossed over and in sequence from top to bottom - Short (blue) Medium (red) Long (green). The last time they arranged themselves in this sequence was mid 2006 which was followed by a long steady period of rises.

If a double top is going to form here it will be around the £8.00 level from the point of the credit crunch last year and subsequent down trend.



Good Luck all - long and short ;)

MMX - I guess you are using spread betting? Can you close positions or do you get guaranteed stop losses?

[oscar000] 26/9/2008 17:25

I was wrong, if there is a settlement in the us could see significant rally monday?

[trickyboyfish] 26/9/2008 16:24

Well the 7.20 was tested 4 times intraday - New support level I think.

[trt] 26/9/2008 16:09

I think we might get back to £7.35 - £7.40 this afternoon. Glad I bought on weakness this morning and if the US bailout is agreed over the weekend we should open significantly higher on Monday - buy in before everyone else tries too I always say !!!

[oscar000] 26/9/2008 13:39

dont think so not today imho

[trickyboyfish] 26/9/2008 11:56

Cheers mmx

Bounced off 7.20 again - Pending on how America opens we should see a rally here to around 7.35 to 7.40 this afternoon.

[trickyboyfish] 26/9/2008 11:06

I think there is strong support at £7.20 - It was the previous resistance level in the pannant flag formation £7.20 was tested this morning and it bounced.

Good luck with your short mmx - Who do you use to short with. I have never shorted but would like to use the proceeds of my CPI sharesave to trade this in both directions.

Thanks

[trt] 26/9/2008 11:02

Once the USA finally agrees on the bailout package stock markets will rally. If they agree over the weekend then first thing Monday morning markets will rise. I have bought more shares this morning and Capita is now my largest holding.

[mmx trader] 26/9/2008 10:27

tell me when you buy so I can keep selling lol

[trt] 26/9/2008 08:13

Yes looks like it !!
Just sold some mining shares and will use the proceeds to top my holding here in Capita.
Finger now poised on that buy button as i don't want to miss the rise back up to £7.40ish