Gusbourne Share Discussion Threads

[big al 39] 21/11/2002 17:51

Hotei - brave man on AVZ. I was sorely tempted, but will wait.

Still think a pullback will occur, but the little amount of late Bloomberg I've been catching recently reckons the US funds are itching to buy. They got an excuse with some decent results last night, but I still think their economy is shot. Unfortunately it doesn't stop them. I guess the next level is S&P in the 960-965 range. That's where that long term H&S completed and was retested by the August rally. It'll take something to take that out.

Meanwhile I lick my wounds once more. Poor day CFD, but good day S/B. Overall slightly down (again!)

[forwood] 21/11/2002 17:43

Tony - know exactly how you feel. Since about a month ago when I proudly announced I'd made back all losses over the previous 22 months (a gain of about £14k from a low), I am right back at that low, plus the opportunity cost of very little earnings over the period. Feeling my judgement gone all to pot (now there's a thought!)- or is it that chance plays some cruel tricks with us? The one achievement over the last month is stopping smoking again (mmm, is there a connection I wonder?).

I can identify all sorts of trading style errors - too big deal sizes, not cutting losses early enough, not going with the flow quickly enough, but when it comes to it, plain old bad judgement. Seems to be a fair bit of it about.

Just have to take these reversals philosophically - though toying with the idea of going back to a 'proper' job. Certainly next time (there's optimism), I get the pot back up, will take some of it out and keep playing with the smaller amount, rather than risk giving it all back. Funnily enough, the one account that has consistently grown in 6 mths (up over 100% with 70 trades) is my ISA, just plain long buying low and selling higher.

[richgit69] 21/11/2002 17:10

mph, can you put your MSN ;-)

[tonyjackson@ireland.] 21/11/2002 17:08

If PRU breaks 500 it should run to 570,but I hate breaks,I want to short it as usual,freaked out at the moment.

[m_p_h] 21/11/2002 17:05

legilly, re WPP:- Warren Buffet has brought 500k in US ad agency Omnicon Group.

[foale] 21/11/2002 16:59

locket..I am usually bold and wrong !
this makes a change...


till tomorrow...

[tonyjackson@ireland.] 21/11/2002 16:59

congratulations foale,and to be fair you called it and posted.why did we not know you're the man?what are you calling next?more of the same?

[sonofagun] 21/11/2002 16:56

Well played Foale-brave call
Been skimming off the top all day, like running uphill! Been lucky but still have original Barc short to resolve:)

[skinny] 21/11/2002 16:51

Good day for me - mainly long - marred only by a stupid (very) HBOS short @735 which I will live with overnight.

[locket] 21/11/2002 16:46

foale - just seen your post,well done !
you've done it again,being bold & long

[locket] 21/11/2002 16:43

another busy day for me away from trading - was modestly up for the week - now down - poor trading
Long CBRY & KEL,short BT.A & REL - all bar KEL down
all classic "defensives" down today - looking for switch back tomorrow
Dow back up in silly territory ?
good night all

[hotei] 21/11/2002 16:40

axdpc - finally gone short avz at 458.5 at close - I don't believe a 10% rise will hold ;-)

[big al 39] 21/11/2002 16:39

Foale - as Ali G would say "respect". You've stuck to those long guns whilst all around were looking at short entry points. Well played.

[foale] 21/11/2002 16:39

Been long most of the following for at least a day or so..

Closed PRU 490
AVZ 455
OOM 54 this one form 49.5
III at 559
VOD 125.5
Lloyds 561
Sge 557

taking large profits on the basis that
Friday almost imposible for me to make money for some reason

So even though I am one of the nore bullish contributors here...
Flat...
except for a cheeky short in OOM at 54.75

[axdpc] 21/11/2002 16:37

foale, you are spot on about AVZ ! Still hanging on with a very small stake :-(

Hilary, forwood. About CS., you couldn't wait till 30.5 before firing off the
big guns, could you? It is my breakeven point :-) But seriously, go for it if
you think it is right for you - just make sure it is profitable :-)

Added more REX longs.

[richgit69] 21/11/2002 16:30

When the FTSE closed @ 4:30 the US Markers were up ;-)

DOW 8779
NASDAQ 1457
S&P 930

[big al 39] 21/11/2002 16:30

Might be a fun auction tonight!

[forwood] 21/11/2002 16:25

Hilary, am looking to sell at 30 but have consistently made a mess of this in the past few days, including accidentally (don't ask) closing out a long at 26.75.

[big al 39] 21/11/2002 16:25

My GNI caught up. Cheers folks.

malc - day wasn't too bad until BATS fell off a cliff. It was struggling at 650p and really should've taken it then.

[hilary] 21/11/2002 16:14

Woody,

I'm short CS. this afternoon 29.5 with a stop at 2nd resistance at 31.25. I don't feel it's a buy unless it breaks this and it's not particularly oversold.

[forwood] 21/11/2002 16:13

Same here Al - is beating advfn. Try loggng off, back on and clearing previous session?

[mjwill] 21/11/2002 16:13

big al
on top of a bad day as well.

malc

[legilly] 21/11/2002 16:12

my gni ok here Big Al

[dodddy] 21/11/2002 16:08

covered ctr short +28