Taylor Wimpey Share Discussion Threads

[sir rational] 19/1/2011 19:19

Oh for heaven's sake ye religious Oirish Cow, can ye not see that sheers dae NOT move up in a street line?

[sister mary] 19/1/2011 19:15

Sir Rational, does one not belief somewhat lower?

[sir rational] 19/1/2011 18:58

End of the rainbow is 60p for now, not going up in a straight line though chaps

[newkid] 19/1/2011 18:19

spenny. How do you think people picked stocks to invest in before charts? You can make a chart do what ever you want it to. All you have to do is draw the line between different points and you get a different outcome.

[spennysimmo] 19/1/2011 17:10

Nah, it's all a load of nonsense.

[imastu pidgitaswell] 19/1/2011 16:58

All in the monkey charts - gap fills, golden crosses, descending triangles (take your pick), Elliot Waves, rising channels:



And up a bit closer:




Must be something in this charting lark - 40p by Friday you say, Sir R - we'll see.

:-)

[spennysimmo] 19/1/2011 16:45

Nope. I did however say before the open this morning that a pull back to around 36p was looking likely on my charts so I am not surprised at a 36.35p close. At over 38p it was way outside of the current trading channel which is indicative of pure manic buying.

Now we will have the PI's who bought in at the higher level yesterday (remember over 60m shares were traded yesterday and 8m of those were traded in the last half an hour) waiting for 38p again to sell out and be glad to break even which will of course then create resistance at the 38p level, and on we go.

[ludlowe] 19/1/2011 16:40

spennysimmo , are you holding hmv /

[spennysimmo] 19/1/2011 16:40

Dropping by a bigger percentage than HMV when credit insurance companies have today withdrawn the level of cover they will provide to suppliers of HMV is a bit nuts.

[binladin] 19/1/2011 16:23

back to 25p..........

[imastu pidgitaswell] 19/1/2011 16:14

"The sources all asked not be be named because they were not authorized to speak with the media"

But they did anyway...

:-)

[spennysimmo] 19/1/2011 16:00

Absolute nonsense. A combination of both is the best approach.

NewKid - 19 Jan'11 - 15:25 - 6372 of 6375

With news like that your charts go out the window. Investments should always be made on fundamentals and not charts. Problem we have now is so many people use the bloody things that they are self driven.

[imastu pidgitaswell] 19/1/2011 15:54

Agree on the fundamentals/charts thing - I only dabble in charts (I don't inhale...) 'cos everyone else does and it becomes a self-fulfilling thing. Anything bought should have a fundamental value that can stand up to analysis, not just because 'everybody is doing it' - that way lies the dot com bubble.

That US thing is very interesting - I didn't think the amounts would get that high, but I suppose bidders are considering the net asset value, plus the value to them of the US deferred tax (not included in NAV) - remember the slide 34:



I'm not an expert on US deferred tax (I'm sad, but not that sad...) but with a value of up to £296m on top of the net asset value, it is worth a lot to a winning bidder.

[sir rational] 19/1/2011 15:40

This'll be 40p by Friday

[ludlowe] 19/1/2011 15:38

sir r ,it pays to day trade ,

[newkid] 19/1/2011 15:25

With news like that your charts go out the window. Investments should always be made on fundamentals and not charts. Problem we have now is so many people use the bloody things that they are self driven.

[shammytime] 19/1/2011 14:59

Nice and easy

[smurfy2001] 19/1/2011 14:26

Howdy chaps, latest news on the bid is $950m.

3 x bidders.

Rumour is upto 5 x bidders.

So far Paulson, Starwood Capital Group and a private U.S. homebuilder.

The offer price is at around book value +/- $10m.

So we could see a bidding war.

$1bn+ could be in the offering.

[spennysimmo] 19/1/2011 14:13

I really don't think you will regret it. The fundamentals of TW. are getting stronger before your eyes.

[shammytime] 19/1/2011 13:55

Guys while TW is taking a well earned breather, check out TQC - huge disposal news there today. Big rise likely...

[1aws] 19/1/2011 13:45

Indeed speeny. Will still hold for another year. Tend not to trade stock in my ISA.

[spennysimmo] 19/1/2011 13:22

1aws, you must have enjoyed the recent run then :-)

[smurfy2001] 19/1/2011 12:39

Consolidation then move up