Taylor Wimpey Share Discussion Threads

[redartbmud] 15/3/2011 16:59

I have a problem with resistance levels in markets like this.
They just go out of the window in the panic.
Things are usually overdone timing the entry is the key, markets often correct then carry on the wrong way.
Brave traders get in & out quicksmart.
Question is how long will this market be down & what is floor.
FTSE no longer representative of GB PLC.
Personally looking to pick up things on my buy list at acceptable prices & hang on to them a few weeks till dust settles, barring nuclear catastrophe in Japan should work as strategy.

[aquadave99] 15/3/2011 16:50

SR

Same applies here.

Good afternoon rally should be better tomorrow, providing the world doesn't end. Saying that it wouldn't matter anyway!

[sir rational] 15/3/2011 15:50

Sounds about right.

Written in the stars that we'll see a cup & handle with a first target of 50p on the handle.

Try and trade it though? I'm just sticking in until it 'pans' out, geddit?!!!!

[aquadave99] 15/3/2011 15:45

I have 2 comments;

1) I think the market dipped this morning and took out loads of stops at about 39p causing further drop in price.

I am sure there will be many thoughts on this such as people setting stops high on TW. as they are unsure where it is going etc.

2) I think we are forming a cup and handle but it is a 'forced' handle influenced by the traumatic events throughout the world.
Possibly with a bit of a retrace compounding for good measure!

Let me know your thoughts.

Regards.

[sir rational] 15/3/2011 15:43

How's that wounded knee?

[aphrodites] 15/3/2011 14:52

Back home from hospital today and have been following the downward trend of TW.

My experience of the Japs in the markets has always been one of a lot of lemmings following one another.

Having said that the nuclear reactor situation is quite alarming and one cannot blame anyone over there for having some cash in the bank at this time.

And I agree with Sir J, world markets are over reacting to the current situation and TW should not have touched 36p. But it did and had I been around early today I would have ignored all my rules and bought a few.

But one thing is clear, and I will repeat myself again, "never make love to an investment" and "there is plenty of money to be made from trading the highs and lows in any bull market pattern".

[sir rational] 15/3/2011 14:48

Don't forget we've had this all day Friday, Monday, Tuesday so far...seems the mkts have already gone too far IMV, or at least holds true for shares not really connected directly with Japan

[slytherin] 15/3/2011 14:46

I'll be glad to maintain 38p at close. Think 36p is key resistance, so keen to stay comfortably above that.

[sir rational] 15/3/2011 14:43

Plenty FTSE100 stocks heading for breakeven on the day

[slytherin] 15/3/2011 14:42

Financial pain in every country is shared globally these days and affects us all. Some UK insurers will be hit hard, therefore reduced bonuses here and reduced house purchases. There's no escaping the impact.

[sir rational] 15/3/2011 14:41

The earthquake that killed more than 6,000 people in Kobe in 1995 caused about $100 billion in economic damage. Only about $3 billion of it was insured, and much of the cost was borne by domestic companies. The devastation--which struck a part of the country that wasn't thought to be overly susceptible to earthquakes--prompted more businesses to buy quake protection, said James Few, president of the reinsurance operation at Aspen Insurance Holdings Ltd. (AHL). But the increase in insurance buyers has been less than expected. Both businesses and homeowners perceived the coverage to be expensive, he said.

"It's not that this won't be a big loss" to the insurance industry, said Few. "But the gap between economic loss and the insured loss will still be far greater in Japan than you would expect to see for a similar event in the U.S. or Europe."

RMS and its rivals haven't published estimates of insured losses yet, but analysts who track insurance companies said insurance claims could be $10 billion to $25 billion. One analyst said it could be as high as $50 billion. Even at the low end of the range, the losses would mark Friday's event as the second or third most-expensive quake for the insurance industry in history. The only quakes that rival it are the $15.3 billion earthquake in Northridge, Calif., in 1995 and last month's temblor in Christchurch, New Zealand, where costs are still being tallied.

[sir rational] 15/3/2011 14:39

Sly - the inurers are in for a lot less than that but I take your point

[slytherin] 15/3/2011 14:38

Not to mention the reduction in direct investments by the poor Japanese people and companies who have lost everything.

[slytherin] 15/3/2011 14:37

Insurers will be paying out £40bn to Japan which will be taken out of investments around the world, including shares and therefore our very own TW. We are bearing our share of the disaster.

[sir rational] 15/3/2011 14:15

2nd time lucky? Mkts turning up slightly.

Come on - what has Japan got to do with TW.?

[imastu pidgitaswell] 15/3/2011 13:46

Painful correction - but that's all it is, wider market driven:

[spennysimmo] 15/3/2011 13:21

Talk about take a pounding!

[ludl0w] 15/3/2011 13:18

any chance Taylor Wimpey could return the buy rating to RBS

;'(

[sir rational] 15/3/2011 13:16

Consensus keeps creeping up, too. Currently

Profit
2011 - 81.62m
2012 - 127.30m

Both increased by a couple of £m vs a week ago

[kfp] 15/3/2011 12:22

RBS has a buy for Taylor Wimpey, raising target to 44p from 42p,

[sir rational] 15/3/2011 12:17

New Kid, never wrong to take a profit - and you could possibly buy back in more cheaply right now.

However I'm guessing you won't buy back in again soon (too relieved to get out with a profit after all that time) and your old 40,000-odd shares will be worth a lot more than the recent 42p within days/weeks. Could be wrong of course.

TM news the key.

[aspers] 15/3/2011 12:01

Newkid...this has had a good run up from 22p so expect a retrace over next week or so, then and only then will I be back aboard. Too many other bargains around at the moment to twiddle your thumbs here!!