Tccsetf J Eur Discussion Threads

[wirralowl] 20/6/2001 18:57

peterreidsmith,

Thanks for your positive post. After a day like I've had, I need it !

WirralOwl

[wirralowl] 20/6/2001 18:56

hilda,

Thanks for the advice - I'll look into it a bit more - though must admit have been put off in past by people saying losses get out of control on spread bets.
Also thought you had to set up large cash funds to cover any potential losses? I believe you can set automatic stop-losses, though? Also, as you say its far easier to spot a falling tech than a rising one (unfortunately!).

Fair point about Just - there's no reason it couldn't be affected in a market fall - particularly if viewed on face value - current PE is high (78 - I think).
However results due next month are set to see profits at least double (PE down to 30ish), and none of the revenues from BUMS will be included - they'll all appear this time next year, so this should help lend some longer-term stability to the price (I hope!).

Good luck with the spread-betting
Regards,
WirralOwl

[hilda] 20/6/2001 17:30

hello wirrallowl, I am getting anxious about Just in fact I sold 1/3 of mine for a tiny profit a few weeks ago, I wish that now it seems there really is ggood business news pending it would go up, its done so much better than this on hype alone. I would be happy enough waiting but general stock market crash still seems possible which might hit Just if lower p/e's become the norm? I think I would like to cash in a profit if hey would hurry up.
I am only in the process of joining finspreads but I think you can be a very small investor, I thought I was too small but it appears they have no real minimum. What has egged me on is that it has been so much easier to spot declining techs than anything else, at the rate they have been going down, well imagine that as your shares going up!
sorry about your tech stocks i really got going just in time for the recent rally, caught one or two just right and then it dawned on me they were not staying up and I sold reasonably well.
It occurrs to me that if you only have small amounts so dealing costs are a lot, then perhaps spread betting with finspreads might even be better for you, but as I have not started yet and do not have full grasp I am not an authiority. but I think there are no fees assuch, pay em £100 with your switch card and bet in a small way your techs are going down further. If you feel locked in because of dealing costs that could be a hedge for you.
IMO history says the sorts of declines we are seeing are only recovered quite gradually in the long term, none of these big fallers will be going back where they were in a hurry, exept the most brilliant that just got caught up in the crossfire.
Back to Just, no doubt they have lashings of good news I believe that, but are they in that minority that are quite unnafected by a crash? They could well be. Don't want to throw out the baby with the bathwater.......

[peterreidsmith] 20/6/2001 15:46

Leading indicator up more than expected. Fairly reliable indicator of economic activity suggesting a recovery:

[wirralowl] 20/6/2001 15:40

morose,

Im too small an investor to short (not sure I like the idea anyway). My dilemna is similar to yours - to sweat it out (hoping we're near the bottom - Greenspan to the rescue with another rate-cut?) or to sell out the majority of shares. As I'm only a small investor, I would want to avoid this unless I felt it was absolutely necessary - as cost of dealings/spreads etc only add to the woe. Also some of my shares, have already taken some nasty falls in the last few days.

However after suffering over 50% losses from last year and this March, I've had a good couple of months, and made back nearly 25%. I'm fearful of losing these hard-fought gains.

Tonight I'm planning on coldly looking at my shares, sorting out those most likely to be badly hit, and will probably sell.

hilda, I hold just - and its one I don't think will be hit - as you know much good news expected - though think fair bit is already in price, so don't expect price to rise much either.

Would welcome any thoughts.

Good luck all,
WirralOwl

[master rsi] 20/6/2001 15:26

It seems that the NAS and DOW, were down at the start, as you were writing, so as soon as you posted you thread, have started moving up and are now UP 20 and 76, almost one hour later, but the outlook certainly does not look right yet.

[morose] 20/6/2001 14:35

The scenario is grim for techs and for shares generally I think.
The DOW and NAS rose too quickly when the fed lowered interest rates and now the new reporting season has begun, all the same news as previously anticipated is causing the indices to fall again.
Seems pretty obvious to me that the interest rate reductions in the USA are going to take time to filter through to company results and therefore the figures being announced now could be even worse than the last quarters.
Since the UK market did not rise with the DOW, we are getting hit twice on the downward path.
So what's the answer?
Sell all the techs would be a good start, and go back to old economy profit making, good dividend payers with good management, plus a few newly formed start up companies like Oystertec or EVP.
This is my strategy today
By the look of some of the share prices today I've twigged this too late
Anyone else any thoughts, apart from shorting.