Reckitt Benckiser Share Discussion Threads

[aposto] 20/1/2004 14:11

I think it does look like it will go to around 13.40. That is when I will short it again. Moves like this make us money for those who are long but also for those who are looking to short.

It is great!

[a4] 20/1/2004 13:45

Madness, don't people ever learn. Rather than throw money away they should give it to charity.

[brain smiley] 20/1/2004 12:43

aposto

very rare for shares to stay in ranges for too long,shares break out and break down all the time,you have to stay nimble !


13.08 now,hopefully it stays about 13 and then motors up to 13.45,it looks that way on the chart.

[aposto] 20/1/2004 09:03

Personally I do not depend on few pennies moves but I have shorted this one with April £13.50 calls. I only sold a few contracts in case it does break up when reports its results like last time. You have to admit that it is at the top of its trading line and even if it breaks up it will stop around 13.3 based on the charts. It all depends how you are trading. If you still stuck with bying and selling shares waiting to make a profit I understand the anxiety. I used to do it too before I found the paradise of options.

[harpic] 20/1/2004 08:45

shorted this stock at 12.94 after last weeks shares mag chartist suggested it was ripe for such. the chap at the spreadbet co. indicated there was a fair bit of shorting on the june contract.

[kaffee] 19/1/2004 20:40

Because.... the world and his wife will have been shorting this one at around 1280... and when it doesn't come in, they have to close (i.e. buy) their positions... and what does lots of buying in a share do ??

Must admit I'll be surprised if it holds above 13.00. But wtf do I know.... having a mare at the minute !!

[brain smiley] 19/1/2004 17:59

aposto

why does options expiry mean a share price will automatically move up ?

[aposto] 19/1/2004 16:41

onehanded,

I think your are just exagurating. As I said Friday was options expiry for RB, therefore the big price move up. If there is something that will cause a break up or down for this it will be the results!

[simonlongster] 19/1/2004 15:07

Once the sellers come in this share retreats quickly - just like this pm.
Had a great run Thurs/Fri so only to be expected.

[brain smiley] 19/1/2004 14:04

onehanded.

can't see how you think it has a look of 11 pounds about it !! the chart looks good and RB. consistently announces forecasting beating results. i still think it will rise above the 13 pound area shortly... but if it doesn't sod it !

[onehanded] 19/1/2004 13:39

So did not manage to break out, has as low as £11 look on it. Next test will see if it breaks £12.50p.

[simonlongster] 18/1/2004 12:41

Gradient - ref your comment it opened at 1300 earlier in week. With sets stocks you sometimes get trades which go thro' when the spread opens. A few minutes after that opening trade the spread was down to 1240-1245 or something like that - who ever bought at that level was very unlucky and certainly not an indication that the price would go to that level. In terms of Fridays close there were lots of sellers in the 1290's and if you look at the trades it went up from 1292 offer to 1300 on very thin volume in the last 5 mins so resistance is still there.

I am short and if it looks strong Monday will close but 1300 is all time high and it looks very overbought so is due a pullback and this share could easily be sub 1260 next week at which point I will look to reverse.

[gradient] 18/1/2004 12:22

something positive in the news flow must be in the offing for this one too shoot up as it did last week. i think you have to be nimble if you're shorting this one.

[sabir123] 18/1/2004 11:45

The operative word 'highly rated'. At least we agree on something.

[brain smiley] 17/1/2004 22:45

sabir123

its highly rated coz its beats it estimates and is very well run. this is going up,stand back and marvel !

[sabir123] 16/1/2004 22:45

RB is possibly the most highly rated stock in the household goods sector. This tells me it is a screaming short.

[gradient] 16/1/2004 22:26

interesting - tech analysts out there i noticed on monday it opened at 1300 and ended the day with a long black candle. at the end of the week it's now up at 1300 and possibly higher. seems someone knew something earlier in the week to want to pay 1300 even though it sold off shortly after.

i've noticed this with other shares e.g. alliance and leicester.

just something to bear in mind when shorting stocks!

[sabir123] 16/1/2004 18:36

RB may well break £13 but will in my view drop back to around £12.60-£12.80. RB is a very highly valued stock with the good news priced in.

[brain smiley] 16/1/2004 17:31

finished at 12.98.broke out of the recent trading range and finished just short of the all time high of 12.99 set in 2002. looking bullish for Monday.

next results are due mid Feb.

[brain smiley] 16/1/2004 15:44

onehanded

If it doesn't break out I can sell out at around 12.80.This share is very strongly supported.I prefer being long than short.This has been consolidating for months at these prices and a big move is coming.I reckon RB will be be trading in the 13 pounds very shortly.

[onehanded] 16/1/2004 15:24

Bets on it will break down, always has for last few years at this level. Good on yer to hold long nerve. Needs to break £13 for a few days to say it's a break out. If sellers come in then will see a sharp drop at theses levels.

[brain smiley] 16/1/2004 14:32

aposto


I wouldn't say that! RB. has been in a tight range for 4-5 months,a periiod like this usually leads to a big movement in one way and now its breaking out upwards..Im long from lower down and hope RB.is breaking out ! We shall see!

[aposto] 16/1/2004 14:16

no chance! Most probably a January options expiry (today) effect.

[brain smiley] 16/1/2004 14:04

now 1291...could well be breaking out.

[onehanded] 16/1/2004 09:42

Taken now a small short out on this at 12.79. Looking for 12.50 retracement.