Tate & Lyle Share Discussion Threads

[brando69] 03/3/2009 15:46

sth strange going on for ages - check the 94 share sell trades... endless reams of them....

[wendsworth] 03/3/2009 13:53

brando69 and mitzis: From Previous posts you will see I 'Called' bottoms (in early January ) for the FTSE of 3500 and DOW 7000 . The latter has fallen through 7000 and FTSE is now closing in on 3500. At that time some doubted my forecasts.

As for TATE I sold my entire holding for 417/18 on 23/12 since which it has fallen by 38%. Tate is a well run company and the share price will bounce when more positive sentiment returns . Unless you're long term investors ...I suggest that before you buy at current prices...ask yourself the question ..'What is going to drive the share price over the next month?' Just go back a couple of weeks on this BB and you'll see that some posters were surmising that 330p was a good re-entry price. Do you agree with that assessment NOW? The REAL problem is 'calling the bottom' and 'endeavouring to apply logic ' in a negative GENERAL trading environment. It will turn BUT wait for some positive upward trends is my advice TO MYSELF!

[mitzis] 03/3/2009 09:17

Agreed brando..!

[brando69] 03/3/2009 09:11

personally, i think we have quite strong support at this level - not saying any sniff of bad news won't take it lower - but it held 261 yesterday - that's saying sth

[brando69] 03/3/2009 09:10

mitzis - agreed - and it doesn't rise or fall quite as fast as some within the day - not so hard on the ticker.

[aspers] 03/3/2009 07:54

I will hang on for 200p, if it doesnt come well so be it, in the present market I feel it is possible though!!!

[mitzis] 03/3/2009 07:49

Listen its fallen from 340p to the present price in a few weeks its bound to rise 10/20% sooner than later.

Its a great traders share although lt 200p is a possibility.

[revoc2] 03/3/2009 07:42

hi guyz...surely this has to be or very near the bottom for tate?
fallen too much, too quickly!!!
i bet that director now wishes he had waited a while?
LOL

[brando69] 02/3/2009 16:47

watching lloy and the other banks today, assumed they were just falling in sympathy with hsbc initially - but while rbs recovered and almost finished blue, lloy finished at an intraday low. i had regarded 50p as technical and psychological support, but looks like that was blown at the close.

tate, jury still out... but it certainly feels like it's trying to find a level of support, more buyers than there were that's for sure, and certainly less big selling.

[wipo1] 02/3/2009 16:42

hello wendsworth - Hope you are doing ok. I am sure lloyds will come good in the end. I think no trade is the best trade for now, not sure about tate, interesting though that it did not fall much but in these markets! I would be very surprised if tate fell much below 220-230p area.

I am very glad I am not involved in this blood bath for a change, spending the cash i would have probably lost enjoying myself!

[wendsworth] 02/3/2009 16:36

revoc2: Thanks for your sentiments. I did think about selling LLOY first thing last Friday but decided on leaving my holding as a long term investment. Ultimately I'm confident that I will yield significant returns on Lloyds.

The DOW is now DOWN > 200 points . There will be a 'bottom' but .......!!

Cannot see ANY reason for re-investing in TATE for the present.

[brando69] 02/3/2009 16:24

if it closes over 265 today - amidst this bloodboth - i'd say it's a buy!

[wormcatcher] 02/3/2009 16:09

brando,
Without looking back I guess they had a sell rating on it from a higher level.
I suppose they are saying it is now fair value - but what do they know?

[volsung] 02/3/2009 15:54

I would advise keeping shorts open to 150p cos I do believe that is where TATE is heading.

[brando69] 02/3/2009 15:28

come again?

upgraded yet price cut from 315 to 270?

[wormcatcher] 02/3/2009 15:24

Tate & Lyle has been upgraded to neutral from sell at UBS, target price cut from 315p from 270p.

[revoc2] 02/3/2009 14:26

wends...k thanx 4 that...
still shame u did not sell lloy at 70p plus...wud have gotton u a nice big profit, plus u cud have ought bak in...LOL
never mind, hindsight and all that!!!
good luck
tate is showing some strength?
i thinks its fallen too far too fast, so maybe a lttle rise to 280p-290p level maybe?

[wendsworth] 02/3/2009 14:15

revoc2,wormcatcher,harvester,brando69 and others: DOW futures is showing 150 points DOWN at the open which would be nearer to 6900 than my original forecast 'bottom' of 7000! Don't believe this is a time to buy.

[brando69] 02/3/2009 13:00

the sell off is certainly slowing down... obviously a look at the long term chart makes for grim reading - but shorter term, i think, as i said before 260-262 level looks good for some kind of bounce

[wormcatcher] 02/3/2009 12:58

Holding up quite well on a big down day.

[aspers] 02/3/2009 11:26

Still watching....must be getting closer to an entry point but hey...I thought that 2 weeks ago....may risk a few bob when it gets to 200p...at this rate by the end of march!!

[brando69] 02/3/2009 11:00

what's all this constant stream of 94 share sells?

[wormcatcher] 02/3/2009 08:08

HSBC is going to be interesting today.

[brando69] 27/2/2009 19:52

not insignificant director buy this week plus rsi almost at 20 plus a little bit of strength at end of play today... brave to call the bottom of course - not doing that, but i think we'll see a bit of a rise early next week...