Old Mutual Share Discussion Threads

[dope007] 15/4/2009 15:14

Insurers are cheap and the market is refusing to sell or take profit. I bought SL. on the drop and sold it 10 mins later. Would have doubled my profit if held. Insurers got battered like banks, but crucially non need new capital and hence no dilution. Longer term insurers are going to be big winners if bought and held.

[bailiffs] 15/4/2009 15:08

What IS going on at the Pru?

[bailiffs] 15/4/2009 14:41

Many thanks pal

[dope007] 15/4/2009 14:19

Oh and baillifs bookmark this site as it is a well wroth having open just before figures are due.



I have it open and also have my trade windows open. If bad and I am in good profit I sell immediatly and to date have always got the price before the fall off. Likewise if good you can decide to leave the trade open or add a few.

[donaceaceace] 15/4/2009 14:17

Dear Thread owner,

I hope you are well and jolly.

Please take this as an invitation to my thread :-)



Regards,

DA

[dope007] 15/4/2009 14:17

Nothing in todays US figures to discourage profit taking :)

[bailiffs] 15/4/2009 12:33

Certainly, these are not a Buy IMO till well under 60p! ie. UNDER THE BLUE LINE!

We'll get there, but we may have to go via 68p first. We shall see.

[dope007] 15/4/2009 12:05

Not happy with that spike back up. Want to see these sub 60p. If not then I look at something else

[bailiffs] 15/4/2009 11:58

Meanwhile, I can hear those punks shouting "go down OML, you know you want to!!"

and your ol' Uncle Bailiffs mutters under his breath.. "not 'arf!"

[bailiffs] 15/4/2009 11:54

Done it myself.....but on Tech stocks. Nuff said!

The consolation I give myself, is that when I'm wrong, I say: "that's OK bailiffs, you have a RIGHT to be wrong"

What's Lansdowne's excuse??

lol

[dope007] 15/4/2009 11:35

Wish I was still in 20's with the knowledge I have learned now!!! I did win the big one but then lost the big one on so called safe stocks!!!. Lesson learned the hard way yet again

[bailiffs] 15/4/2009 11:34

One of the main trouble with newbies, is that they want their profit and they want it NOW!!

I'm quite happy to wait 2-3 days, and so tend to avoid greed infused daily bets.

[bailiffs] 15/4/2009 11:30

EXACTLY Sir!

It's so refreshing to talk to someone who has the maturity and sadly (!) the experience in trading.

The experience is hard won and worth it's weight in gold. How many times have we witnessed young bucks charging in.....and then never coming back. The market stays irrational far longer than they remain solvent.

Bit by bit by bit, those little profits mount up, if taken. I am ever mindful of the FACT that my trade CAN be wiped out in a matter of seconds.

Sometimes in life, a few grey hairs might be a good thing, even if you are still in your 20's!!

[dope007] 15/4/2009 11:16

you learn from mistakes and I have made loads. I have made and lost a fortune through buy and hold. Now I have hopefully started to get it right. MY buy and holds have been high yielding debt with a few equities. My spread account is for trades of what I consider safer equities but always have a spread of them to watch and never over extend myself. I always take any good profits and never rush into any trade as there is no need to. What people forget who keep going in big for the big one is that you can earn just as much or more by safely taking small profits. The last 2 weeks I have made £700 profit that I have crystalised. Of that the biggest gain was £152. But they all add up and as the pot grows you can add a £1 a point safely to you next trade knowing you can fully afford to hold it if needed.

[bailiffs] 15/4/2009 11:12

Shorts moving in the right direction for me now. But still, I know 68 is a 'possibility', today or tomorrow...

Never say "never" in this game!

[bailiffs] 15/4/2009 11:04

I have a pugnacious attitude of simply refusing to go Long, until the RSI is sub 30/40 and the stochastics are on the floor.

Going Short (like now) is visa versa. I also make 'light' trades, never going in too 'heavy' and arrogantly saying "I'm RIGHT", because I know, I might be wrong!


I have found that the best way to learn my methods, has been getting burnt enough times.....until I do.


OR DIE!!

[bailiffs] 15/4/2009 11:01

Yes, that drop was highly stressful for many and a disaster for even more, so sadly - because of 'leverage'.

..you ask Lansdowne lol

[dope007] 15/4/2009 11:00

Also looks to me like the market is really struggling to stay up at the moment.

[dope007] 15/4/2009 10:59

It depends on how you trade. If trading on leverage then no. But I have so so, so many people lose everything due to leverage and as a result I don't really use it. Max leverage I have took in my spread account is 50% and that is only on boring safe FTSE 100 stocks. And even then I had the other 50% in money elsewhere so not really leverage. Because of the refusal to use leverage I was able to hold some trades in the last collapse and then also double up at the bootom such as LGEN at 23p and OML at 44p.

[bailiffs] 15/4/2009 10:55

Sounds like a solid coherent, successful trader.

..and a 'trader's ideal stock'. Can't afford to take too many hits in this game, can we.



Standard Life was a beut' coming down from last summer to Christmas wasn't it. Been a bit choppy since, but still eminently tradeable, you are right.

[dope007] 15/4/2009 10:52

TO be honest I like stocks like Standard life. It is boring, it is safe, and moves +/- 20p fairly regular making it ideal to trade in.

[bailiffs] 15/4/2009 10:48

More haste less speed perhaps.



VED too, is well overbought IMO.

[dope007] 15/4/2009 10:47

my next trade will hopefully but more financials if they pull back. Just picked up a small trade in Morrisons. Again happy to hold them until they return a profit but buying at these levels seems to generate a profit on them when everyone decides to go all defensive for a few days.

KAZ seems overvalued though by quite a wa at the moment. The other one I was watching was VED. 650p to 1000p in a week!!!!. So too late on that one for now.

Share price charts are all squiggly so you need to time the squiggles. Now if the trend is up longer term then buying the squiggle dip in big companies should work. Erm I think!!!!

[bailiffs] 15/4/2009 10:42

Bond - your humility is your strength!


KAZ really is a difficult one to get hold of isn't it. Don't fret over what might have been, but concentrate on your next trade. You are going places my son!

..like OML is, and hopefully all the way down to 57 - for starters.

[dope007] 15/4/2009 10:36

lol's. The methods of a madman ;) Problem is I sold some far too early. KAZ did £10 a point at 270p and sold at 298p. Currently 510p!!!!!!!!!!!!!!!!!!!!

But the main 4 for me have been SL., BARC, OML, LGEN. With a few SBRY, MRW, FP., AV., and NG. thrown in between.