Taylor Wimpey Share Discussion Threads

[sir brainy] 17/5/2010 22:33

Could happen.

More likely we've seen the bottom in nominal terms but inflation means not worth more next year or just yet in REAL TERMS.

[pugg1ey] 17/5/2010 22:16

"I'd had enough of renting and watching my money disappear down the drain every month, but couldn't afford to buy," she says


instead watch your money go down the drain by paying interest and as the townhouse (also known as family unfriendly house with a postage stamp garden) falls in value ;-)

[sir brainy] 17/5/2010 21:30

wooooooo-woooooooo

Spooky

[bordersboy] 17/5/2010 21:04

maybe 4% fall, this market is mysterious.

[mknight] 17/5/2010 19:45

House builders confidence hits 2 and a half year high in may



More good news , should be good for a 3 percent fall tomorrow .

[mknight] 17/5/2010 16:39

10 percent in two sessions thats heavy for a stock that i thought was undervalued in the first place . sold all bar TW.

[grax] 17/5/2010 16:18

If you remember the feverish hunger with which the shorters chased down the banks and also TW etc in 08' then you will understand the sniff of money they've got in their nostrils again.

They have been trying to push stocks down for a while and see their chance now to clean up again.

It will take another near wrold-ending collapse on the markets before the FSA decide that shorting is not just a useful liquidity mechanism [their reason for not addressing it last time with the exception of dissuading the shorters from targeting the banks by having to declare their position] but an insidious evil that distorts the markets for the benefit of the few.

[the itch] 17/5/2010 16:12

Well, if someone is trying to collapse it for whatever reason, I'll be buying more under 30. Now that that's declared, it might help it never fall that far.

[grax] 17/5/2010 16:10

This has very little to do with the general housing market or even TW itself.This is an orchestrated control of the share price Just as the volumes and ratios did not justify the charge up from 38p to 46p in day so it hasn't justified the collapse [which is what it has become]all the way down to 34.9p and wherever it heads now.

[the itch] 17/5/2010 16:09

Not sure that explains the recent slide from 46 to 35 and dropping though. Oh well.

[the itch] 17/5/2010 15:52

I'm with grax on this one, did I miss something that came out of the mouth of minister's this weekend or last week? Did UK austerity measures suddenly include not building any more affordable/council housing? New tax on land? There must be something encouraging this downwards slide.

[grax] 17/5/2010 15:28

Have I missed an announcement about the imminent collapse of the UK housing market?

This has now tumbled over 20% since it looked as if it was getting back to where it should be.

They have got this on the run.I didn't think we'd see the underside of 40p again let alone 35p!

[grax] 17/5/2010 15:21

Nah, I meant as in battered mars bars.
You'd have to have a decent size chip pan mind.

[wolterix] 17/5/2010 15:19

do they make for good carpenters? ours was from Brighton - rubbish

kept getting stoned all the time

[grax] 17/5/2010 15:12

Can you get them from Scottish Chippies?

[wolterix] 17/5/2010 15:05

tends to fall just after I buy more

feel like I've got battered housebuilder syndrome

[grax] 17/5/2010 15:00

It is almost as if the share price has got a trailing collar on it.If it goes up it is only allowed to nudge up within a very limited range.When it drops it drags that collar down with it so the ceiling keeps falling during the day/week/month.

If the FTSE moves up TW doesn't follow but if the FTSE stumbles TW falls over.
Interesting to look at the charts of the other housebuilders today.A very different pattern emerges.They climb a bit,take a sudden dive and then smartly climb back up whereas we gradually lose ground throughout the trading day but join them on any sudden dips.

Curious to follow and if I wasn't holding TW I'd almost be admiring the manipulation and the bare faced cheek of the people doing it before everyones eyes.

[grax] 17/5/2010 13:22

spenny
Because, at some point, the hedgies will change direction.Much like that 46p only a couple of weeks ago.

I think that when that happens, and they move on to a new plaything, there will be an awful lot of progress in the share price and it will start to reflect the fundamental position of the company, which I believe to be in good order, rather than a trading position for a load of faceless fund managers.

[the itch] 17/5/2010 13:15

It's all a bit weird to me, but then I've just put myself into a position where I am much less concerned with short term fluctuations. So long as there's no more rights issues, or the company folds, I'm sure purchases under 40 will all come good. I've been waiting to get in under 38 for ages, and every time it went under I expected it to dive, dive dive. It appears to love oscillating around 38p.

House prices appear to be stable or rising. Houses seem to be selling. Interest rates are low and likely to remain so a while. Debt has been reduced. Land right-downs are probably done with.

On the other hand... the US figures, while probably good will need to reflect the tax credit or whatever was lending support to the US housing market. That's finished I believe.

36p seems like a very good price, but I've seen prices shoot far under what appeared to be cheap. Without a fundamental challenge to the current recovery though (Soverign debt fear actually choking the financial marketplace to a complete standstill for example), I can't see these going too much lower without the market also noticing that they are too cheap.

It would still be disappointing to see 12 month lows revisited or worse, passed.

[spennysimmo] 17/5/2010 13:04

So why do you continue to hold?

[grax] 17/5/2010 12:58

I wouldn't imagine they would even waste their breath. The FSA are too afraid of the hedgies etc who weild almighty and disproportionate power in the markets.

They would, as they have historically, run rings round the FSA.

Most companies these days are 'influenced' by what the hedgies/funds say as they have a great deal of bearing on the raising of additional cash etc.

Personally I have every expectation that in years to come we will see some reference to TW in a probe etc

[kazz] 17/5/2010 12:52

What to do though Grax, other than wait?

would TW management not complain to the FSA about the goings on?

Kazz