Finsbury Food Share Discussion Threads

[woodcutter] 04/6/2013 13:13

very quiet board. the old tumble weed will be drifting! Near the half year end and i'm expecting a very decent H2 this year. The poor weather early spring will hopefully get people in the shops looking for the odd cake treat. Sp trying it's best to breakout. jp Read Marber found it very interesting but a bit complex. If you were to follow his style i think you'd need a lot of graph paper:-) thought he was a bit conceited too but a refreshing change in style. Lauding himself as being voted the best TA, 6 years running in the 60's/70's wasn't surprising as there was pretty much no one else applying that method. Thanks for recommending though i have it on my desk top, there are certain parts i thought very informative. recently bought Grimes "the art and science of TA" and Nison "Japanese candlestick charting" that section in Marber was the most interesting and i've bought this book on the back of Malcolm Pyers recommendation but Marber seems to rate it highly too. WC

[woodcutter] 25/4/2013 17:15

Aleman i posted on PNX would appreciate your comments Woody

[woodcutter] 25/4/2013 07:14

jp The limiting factor is always me. Van Tharp qouted regularly in material i've read so must have something in there. i'll take a look at them thx. WC

[jpjp100] 24/4/2013 20:22

woody marber on markets, brian marber then, when you get to the point where the limiting factor is you, Super Trader by Van K Tharp Van Tharp's latest, Trading Beyond the Matrix is brilliant imo, but it isn't what most traders expect it to be

[woodcutter] 24/4/2013 19:09

b2 Read Trading for a living by Dr Alexander Elder and a fantastic reference book is Technical Analysis of the markets by Murphy. I have moved from a sceptic to a convert. So much so that Mrs woodcutter had been gently persuaded to buy me a highly recommended book on candlestick patterns for my birthday early next week. I'm sure she's elated about that! It's not science it's logic. I've found the ADX pattern particularly strong so i look for that signal and see if the others align. i started after reading Malcolm Pryors, The financial spread bettors handbook some months ago. I've had a bit of a desire to trade for a while and might just open a sb account later this year. Anyway I've had both the other books for a while but never got around to reading them. Elder really fascinated me, it's so well put together so i guess i'm now a TA novice. As i said fundamentals first and foremost though. lets hope we continue to make a few bob;-) WC post note: have a look at srt, be interested in your thoughts, I've been building there, this link might help. Click on the play web cast http://srt-marine.com/investors/corporate-media-centre

[battlebus2] 24/4/2013 18:44

Well you have just blinded me with science, charts obviously not my thing :))

[colonel custard] 24/4/2013 18:39

Looks promising had a flutter here today :)

[woodcutter] 24/4/2013 18:28

no advice intended b2 but if these signals are confirmed with a little more buying i have quite a bit of cash at present and i just might buy more myself. i'd like to see the adx divergence stronger and the williams to push up a bit more, with ema's confirming break through. I'm using a range of oscillators at present for reversals and back testing them on many of my stocks. I'm amazed at how accurate they are, there have been a few failures but most of the time provided a number of indicators show the move then it generally does happen, you can't rely on a single indicator though that's very dangerous and misleading as i've found on the backtests. I don't think it will take the place of fundamentals in my stock selection but it will have a place determining my timing for buying/selling going forward. The signals can also reverse quite quickly, the secret seems to be to identify when the indicators are multiple and at their strongest. There have been a number of clear strong buy signals on FIF: Just before july last year early september last year early january this year This has been in a trading range since the beginning of march so oscillators for turning points seem to be best indicators. Once it begins to trend upwards (assumption!) then i'll look at trending indicators to determine if/when the trend will break. As i said it's my new toy. welcome back Woody

[battlebus2] 24/4/2013 16:33

Took your advice and bought back in here today Woody :))

[woodcutter] 24/4/2013 14:20

TA looks interesting Average direction index crossing MACD crossing and Williams and RSI on the rise breaking thro' EMA's I would guess a move to 55p would confirm these signals. TA it's my new toy!

[aleman] 24/4/2013 13:27

I'm guessing the institution was mopping up everything below 52p a few weeks back has returned.

[aleman] 12/4/2013 15:15

WHen a share has had gains like this one in the last few years, you will always get selling a few weeks either side of the tax year end as investors utilise their capital gains allowances. The 5p/10% or so we have lost would not be unusual for a share that has quadrupled in 4 years and is unlikely to indicate any fundamental weakness or change of trend. I would be surprised if it got to 45p though. A 20% fall would have me wondering what was going on. I would have thought institutional buyers/Ruffer might be looking at this as a chance to buy more in volume without driving the price up too much.

[boffster] 12/4/2013 13:08

Was just thinking the same share price , never thought we'd be back under 50p - Still, my dividend will buy more shares now :o)

[spaceparallax] 12/4/2013 12:16

I'm amazed by the extent of the retracement, surely a rebound is overdue.

[jpjp100] 05/4/2013 16:38

Sitting at a screen all day watching for a 1 tick move here or there isn't for me either... I know some people that love it, but I would hate it. There are plenty of opportunities in plenty of very liquid markets that don't require that. Ed Seykota, one of the most legendary of all traders, apparently checks the markets once a day, after the close. I like that approach

[woodcutter] 05/4/2013 15:35

well i'm not really a trader i just use ta for signals, although i have been giving some thought to opening a sb account. It's time consuming just looking after my current holdings and seeking new opportunities so not sure i could be sat at the screen all day every day for a sb day trading account, i guess i'd be looking to do more swing trading with a strict stop loss system. Each to their own i guess. Woody

[jpjp100] 04/4/2013 20:39

yes, I have read both of those, both good. I just downloaded to kindle 'Trading Beyond the Matrix. The Red Pill for Traders and Investors' by Van K Tharp Only read a couple of chapters so far, but it is shaping up well and making me think about my trading from different perspectives already. Which is good. I highly rate all of his previous books and credit Van as a major contributor to any success I have had / will have in my trading endeavours.

[jpjp100] 04/4/2013 20:36

FWIW, seeing as markt directed some comments specifically to me I have no doubts at all about the integrity of the CEO or the FD. I can't comment on any other Directors as I have not encountered any of them before. However, I am quite sure that the CEO and FD could and would act swiftly in the interests of FIF (and of course themselves) if there is anything untoward to deal with. I have, literally, no interest in anything that happened before I bought my shares. As for the incidents that you cite - I think the issue of options at the market price at the time was a sensible option to incentivise the participants and also to show their confidence in the future prospects of the business. - I have commented before that I think there was more to the share issue than the raising of a few £m. My views on that have not changed. Whether it was needed (your word) or not is irrelevant. - I am not sure that the Directors would have known about the Free From sale at the time of the rights issue. These things happen quickly and can go from low level discussions to either a done deal or to just fizzling out in one single meeting. - I don't entertain for one minute that any insider rules were broken at all. I am very comfortable with the conduct of the Directors since the new CEO was appointed.

[spaceparallax] 04/4/2013 11:45

Lol Markt, give it a rest - in the time since you started this bashing thread, the sp's doubled.

[woodcutter] 04/4/2013 08:09

jp have you read dr alexanders "trading for a living" it too is a good ta read. as is murphys "technical analysis of the financial markets" not read marben will take a look. WC

[jpjp100] 03/4/2013 15:15

I have just been re reading Brian Marber's excellent book Marber on Markets Marber has a long history of delivering highly regarded technical analysis and the book is a a gloriously good insight into technical analysis I think even he might start to get a bit excited at the current FIF chart The more I consider the situation just now, the more I think it is possible that someone will - maybe even as you read this! - be weighing up the possibility of a bid for FIF I don't know who, but maybe one of the PE houses with form in the food sector.

[dashton42] 03/4/2013 13:59

Today's share price tick-up despite going xd? Pretty impressive.

[woodcutter] 03/4/2013 13:13

i said the TA indicators looked good. Don't think there's much stock about, tried a dummy order for buy 6000 shares and couldn't get an electronic quote with TDW WC

[s34icknote] 03/4/2013 13:02

About to break out me thinks!