NOVEMBER 3, 2010
An economics talk that may not add up
** My new book - about spreadbetting - has just been published, you can order it here:
http://books.global-investor.com/books/401334.htm?ginPtrCode=10453
Welcome to any new readers coming to the website from the new book, I would suggest you read the spreadbetting book in conjunction with Naked Trader, available here:
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
**
First a note to thank all those I had to disappoint regarding the sold out Nov 26th seminar and glad nearly all of you could transfer to the new overspill seminar on Dec 13th. Thanks for your understanding and sorry for the initial disappointment and those who couldn't come in December.
And a note to those of you booked in for sold out Nov 26th, you should now all have full venue details, if you are coming and you don't have the final details, please let me know, otherwise see you there! If you fancy coming to the new Dec 13th Xmas seminar mail me for detaills - more a little further down this page.
I won't be here on Friday - no update. That's because, bizarrely when I would normally be writing the Friday update I will be at the London School of Economics.
Ahem, giving a talk on.. er... well... you'd think economics wouldn't you?
But in fact my talk is on... Why economics or understanding of it is no use to a trader. And why trading is more like a card game than anything to do with economics!
I never normally do talks (apart from my all day seminars).
I turn down all the invites from investors groups, Investor and trader shows and the rest of it. I guess I would sell more books but I don't feel I can say what I really do in half an hour.
And in any event I'd rather be at home on the computer or doing something else. (Mind your business about what that something else might be) (No not that)
When I got the invite from the LSE I wrote back to say I didn't give talks and in any event I didn't know anything at all about economics and the students would know a lot more about it than I did.
They wrote back to say that didn't matter. Go on say what you want, we don't mind.
Then I thought hmmm....it might be a fun and interesting thing to do. Even though it will actually cost me to do it!
Whenever I've met economists and also accountants at my seminars it's the same story.
They struggle to trade. Why? After all they know a lot about economics and accounts..
It's because first of all they are scared! Because they look at the economy or a set of accounts and look at them so in depth that something always scares them so they never place the trade.
What they don't get is that trading is like a game of cards. It's a game of poker I guess - there is bluffing, all in, the lot. Fear, greed and plenty of tension.
And of course it's very psychological and it's all about fear and emotions.
So I'll be telling them that being at economics school may not in fact be the best grounding to be a trader. A bit like someone who studied English at university isn't necessarily going to make a good journalist because writing for a newspaper is almost directly opposite the way you'd write an essay.
Anyhow I have no idea how this is going to go or what is going to happen but I'll fill you all in with all the gossip in my next update which will be on Wednesday.
I don't even know whether it'll be 5 students or 500 students! I wonder if I'll get cup of tea and a biscuit.
I'm not writing a script or anything because I think I already know what I'm going to say. Maybe they will just think I'm bonkers. More anon!
Nothing like a bracing walk in the country for us city types!
We spent a nice weekend in the country visiting friends.
Hey they make their own bread and stuff. And hold down full-time jobs.. how does that happen?
Christopher had a great time running around in his wellies through the puddles and it's good for us townies to get some real fresh air.
I've poo-pooed Halloween for many years here. Did I just use the word poo poo? My goodness sorry, it's spending time with a five-year-old!
But Christopher was so excited by it all even I tried to get into the swing of it. He and his friends marched around to houses where they already knew people and collected sweets and chocs.
He managed to collect a massive bag of goodies. He kindly shared some out with me, Which meant by the end of Sunday we were both high on sugar. Go to sleep? You must be kidding!
There appear to be chocolates and sweets hidden all over the place by me, Mrs NT and Christopher.
All I can say is the cleaner is going to have a field day. Now she can't find my cunning hiding place for the raisin Yorkies I bet she'll make do with some of the alternatives she'll find.
With life being so short and all and with money not a problem we want to have some cracking holidays!
So after Christmas in South Africa we've just booked Disneyland Florida and amazingly we got the whole trip, business class on the BA sale for just over £2,000!
And I've knocked up so many hotel reward points the whole hotel stay ( a five star one) is free!
With Christopher of the Disney type age it should be a great trip. I just wish I liked Mickey Mouse. I j ust done and find him an annoying little *****
.
We're now looking about for what we'll do with all the half-terms and summer holidays! We want fun in 2011...
I'd just like to make a couple of points about e-mails, I don't mind answering mails but they are coming in a such a rate it's getting hard for me to keep up.
First, please check FAQ on this site, click FAQ above - the answer you seek might be there. It's a list of the questions I most frequently get and the answers
The main thing is I keep getting mails from readers along the lines of " I bought this share now it's going down what should I do/I found this great share what do you think/is my share being treeshaken what should I do... sometimes the subject line even says "XXXXX share - buy or sell"?
I'm not allowed to give individual advice on any share you have bought might be thinking of buying and I wouldn't want to give you advice even if I could. If I wanted to do that I'd have become a regulated tipster. So please don't mail me with shares asking me what I think of them and whether you ought to buy or sell I can only say I can't say anything. Which is a waste of time for both me and the sender. Please don't ask me for advice!
Here's a good quote:
"Bull markets are born on pessimism, grow on scepticism, mature on optimism, and die on euphoria." "" Sir John Templeton "" businessman & philanthropist - 1912 "" 2008
And here's my favourite video and song of the year so far: (Look I told you my musical taste is suspect)
http://www.youtube.com/watch?v=uu_zwdmz0hE&ob=av2n
Thanks for the continued feedback on the last seminar. I'm really glad to read some of you are already using some of the techniques I showed you.
The Nov 26th seminar is sold out - if you want to go on a waiting list for cancellations let me know - however I have booked a new date which is Monday December 13th - The Xmas Seminar!
So if you missed out on Nov 26th this seminar don't despair!
Booking now open for December 13th so mail me for details at robbiethetrader@aol.com with "Xmas Seminar interested" in the subject line.
Those of you booking at this early stage will get a very generous early booking discount!
Beginners and improvers welcome! Come and spend the day with me, the markets and some lovely people - and of course, lunch! Hey, maybe a Xmas lunch, turkey etc!!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.
My seminars are designed for beginners, dabblers and improvers and deals with everything from how to look for winners, how to research, spreadbetting, level 2 use how to time trades and short, how to use advfn properly and run your portfolio without having to spend money on systems and tipsters.. and tons more.
A lot of the day comes directly from the live markets and I show you many of the tricks I use to get good prices live. And there might even be the odd live trade or 2!
**I'm now taking bookings for the technical analysis seminar on Sat Dec 4th with top trader Susan Marmor and myself. Learn to take the emotion out of trading by using simple TA techniques... you must have been to a previous seminar of mine to qualify unless you can persuade me you are already a reasonably experienced trader... Mail me at robbiethetrader@aol.com with "TA seminar interested" in the subject line.
An interesting email from a reader. The thrust of it was he was going to buy a share after doing a lot of research but then it went up 12% and he hadn't bought it yet. So he felt angry.
How does he stop/halt the feelings of anger?
Well, you have to take the emotion out of trading. Which isn't easy.
I suggested he should read this book.. by Jason Zweig
http://books.global-investor.com/books/256158.htm?ginPtrCode=10453
This is the one to read on psychology. Great read.
Fancy getting the naked trader updates direct into your inbox? And a bit before it gets updates on the net including news from my pension trades made from my SIPP?
All you have to do is take a phone or energy service from the Utility Discount Warehouse at www.telecomplus.org.uk/fabdeal.
I get some commission and you get the service! On top of that you ought to make some amazing savings on your phone, broadband, or energy use or all! There's even an internet phone where you can make free calls from wi fi hotspots!
Prices are guaranteed lower than the top 6 suppliers but even better you can get huge discounts on your energy/phone bill if you shop at places like Marks and Spencers, Boots, Sainsburys and a whole load more. 5% of your spend comes directly off your billl. Many are saving a fortune from their energy bills.
So save a few quid, and get my stuff in your inbox! A win win? Mail me at robbiethetrader@aol.com with "mail service" in the subject line and I'll send you details.
Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit. This offer is exclusive to me and not available anywhere else...
I've been using them for a few weeks to check that I'm happy with the service. As you know I don't take ads or allow referrals on the site unless it's a company I've used and I feel confident about.
What I like about it is it's easy to use, spreads are surprisingly tight on the smaller companies and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset.
Anyway they now offer a £100 credit as long as you deposit £100. You get the credit after you placed 5 trades (Terms and conditions apply)
If you'd like to apply for an account with Tradefair Spreads and get the freebie click this link:
http://www.tradefair.com/promo/spreads/nakedtrader100/
The number of emails to me is nearly reaching saturation point and I'm struggling! I'm getting 100s which is lovely in a way but killing me in another.
The main problem is the length of some of them, indeed some run to the length of novels, so, please, help save my eyes and please keep mails to under 150 words.. you can do it! It's close to the stage where I am going to have to say I will answer all mails but those over 200 words will get deleted. Keep them short and sweet, please!!
Also, it's possible the answer you seek from me is already in FAQ's. And do remember I can't discuss individual shares with you as it would be classified as investment advice which I'm not authorised to give.
Many of you enjoy the cheap advfn toplists bronze deal through me as do many of you with the cheap level 2. However many of you say you want a half-way house to include real-time share prices always on.
So I'm pleased to announce I've managed to seal a new deal with Advfn for its "Silver" service - that's always on real-time share prices for a good saving (Bronze toplists etc are included in this).
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me for full details if you'd like it with "silver" in the subject line.
They've just re-published "The Zulu Principle" by Jim Slater who's written a 2008 update at the beginning.
This is a brilliant classic book. Reading this is a real pleasure and it was a great idea to republish.
Jim believes like I do the best gains can come from smaller stocks and in an easy to read style takes you through how to evaluate smaller companies that are about to become bigger ones - he uses some excellent examples.
Really this is a must read for all more longer-term investors or anyone looking to grow their money... a number of you have also written to me about this book and praising it.
Here is the link to buy it:
http://books.global-investor.com/books/167207.htm?ginPtrCode=10453
Here's a very topical one: The Little Book of Bull Moves in Bear Markets by Peter Schiff.
The book is all about how to keep portfolios up in a down market. He focusses a lot on how to play commodities and win with some sensible advice especially on natural resources and precious metals. He is very much a realist and there is no rubbish here: some straight talking and some interesting strategies.
Everyone who invests should think seriously about keeping portfolios up in bad times so this book should be read.
Well worth picking up at this link:
http://books.global-investor.com/books/271958.htm?ginPtrCode=10453
To order my new book Naked Trader 2 for next day delivery click this link... or the cover of the book top right!
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
Several people have asked me for a recommendation on a book which shows how to study accounts in a reasonably easy way. The one I like the most is http://books.global-investor.com/books/15717.htm?ginPtrCode=10453 by Robert Leach. Ten crunch questions to ask before buying any company.
It' s a decent easy-to-read book with several key chapters and it's highly recommended. It's one I keep and dip into from time to time. To order, click this link... http://books.global-investor.com/books/15717.htm?ginPtrCode=10453
The best book on charting and easiest read on the subject is http://books.global-investor.com/books/15618.htm?ginPtrCode=10453 by Alistair Blair. Click here -> http://books.global-investor.com/books/15618.htm?ginPtrCode=10453
Another good one is the second edition of http://books.global-investor.com/books/23792.htm?ginPtrCode=10453 by Peter Temple. Included in this one is how to use spreadbetting, CFD's warrants and trackers to reduce risk. And there are some decent trading strategies too.
This is an excellent book for new investors and also experienced ones. It explains all the things you may not be sure about in the markets and will explain the tools that are there. To order The Investors Toolbox by Peter Temple (new edition) click the following link for delivery in 24 hours... http://books.global-investor.com/books/23792.htm?ginPtrCode=10453
Naked Trader Seminar Latest News
(NOVEMBER 26TH SEMINAR NOW SOLD OUT - SORRY)
Fancy spending a day with me, learning all the ways I have learned over the years to find good shares and play the markets? Well, you can at one of my seminars!
Booking is still open for the Naked Trader Xmas seminar on Monday December 13th
Price is £495 plus vat. However right now there is a generous early bookers discount!
That includes three course lunch, coffees, snacks etc.
The seminar is mainly aimed at beginners and dabblers though improvers are welcome too.
Topics covered using live market feeds all day include: Market psychology, level 2 - a simple guide to how to use it for better timing; how to value companies; finding companies that are about to rise. I will also cover techniques for handling events such as the recent meltdown and volatility.
Spreadbetting: How to use it to gain an edge and go short. Market makers - how they work and how to beat them; how to stop losing money and make it instead and plenty more.
How to plan trade entries and exits - how to research companies and understand reports, plus all those niggly questions you always wanted to ask. How to set stop losses and targets. Charts and how to use them.
Also covered: Market maker tricks: How to spot tree shakes and use them in your favour, How to tell when NOT to buy a share. I use live ADVFN all day with lots of level 2 and looks at all kind of live market data.
The idea behind the seminar is SIMPLICITY. I don't use jargon or fancy words - everything is in PLAIN ENGLISH! No question is too stupid and the event is held in a friendly relaxed and supportive environment.
The idea is you will come away from the event I hope a wise and better investor with lots of new ideas. I try and translate complex topics into easy bite size pieces. I also aim for it to be entertaining as well as instructive.
If you are interested please e-mail me at robbiethetrader@aol.com with "seminar interested" in the subject line and I will send you full details of the event including comments from those who have come to previous seminars and you can then decide whether you would like to come. See you there!
One seminar attendee Clare wanted to write a testimonial about her experiences at the seminar which follows now!
"I've just come back buzzing from one of Robbie's seminars. What a day! He's just brilliant, and manages to pack an awful lot into one day, and with his enthusiastic and humorous delivery the day just flies by. There are no gimmicks, no sell, no "˜get-rich-quick' promises, just his own solid, sound approach which he has learnt over the years and which works.
He shows you how to minimise the risks and maximise the profits and points out the banana skins on the way. Where the seminar really comes into its own is when he teaches using live level 2. Hearing him talk through his thought processes and reasoning is invaluable, and really brings home everything from the book. He has endless patience answering peoples' questions, and really seems to care that everybody understands.
On top of that, you meet some really nice like minded people and swap e mail addresses, you're plied with
chocolates and coffee all day, have a great lunch and spend the evening getting tiddled with Robbie in the
bar afterwards! You might even get to see the amazing crocodile boots . . . .
Don't worry about the cost, it's easily worth it, and you'll soon make it back with your new-found investment skills, and in what you're no longer losing. If you're thinking of going along to his next seminar, whether you're a novice or an experienced trader, don't hesitate ""just go!
Thanks Clare, did you want the tenner in cash, or will a cheque do?
Exclusive One Point Spread, £250 Cashback Offer
Still a massive response coming in for the sensational 1 point indices spread offer plus £250 cash back on losses - my mail box continues to be full of enquires - don't miss out!
I have arranged a deal with a spreadbet company that gives you just ONE POINT spreads on all the major indices and very tight spreads on everything else. A one point spread is just amazing and you can use it on the FTSE, DOW, Nikkei etc...
Not only that, I can offer those of you interested a fantastic £250 cash back on any realised spreadbet losses made within your first 8 weeks. That means you get back any losses up to £250 which could come in extremely handy.
If you'd like the details of this offer just mail me at robbiethetrader@aol.com with "£250 cashback offer" in the subject line. This really is a great offer which will have a limited lifespan so if you want it, get cracking!
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply)
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
Naked Rambling
The coaltion government, whether you like it or not, is at least doing something unlike the last lot. They are coming up with lots of ideas and getting on with it instead of fighting with each other.
Apparently Gordon Brown has been spotted making a speech in parliament for the first time since he was ejected.
Come back Gord!! You must be laughing the new leader is even worse than you were. But we all miss the what foot in mouth gaffe are you going to say/do next....
The Post Office now wants to make deliveries at night! Do you remember the days not that long ago when the post arrived by 8am then there would be a second post at 11am?
And when there were pick ups from postboxes every couple of hours?
Those were the days. Thing is, now times of deliveries probably don't matter any more.
In under ten years time there won't be any deliveries at all any more. E-mail has pretty much wiped out most of the post. And with cheques gone by then there will be no need for post any more.
Sadly even Xmas cards and birthday cards will go the way of email. It's not the same as getting a real card is it?
But I suspect the current service will be taken over by current delivery companies and it may cost a quid or something to send a letter or card.
Great to read there is a new drug that might prevent and even reverse Alzheimers.
This is a terrible, terrible disease - one of our neighbours has a husband who suffers and it's awful to see him getting worse. Let's hope any drugs can be released as soon as possible.
Well done to Harry Redknapp for what he said about the referee and his team. He was telling the truth and the FA knows it.
Now come on and make him England Manager, wouldn't it be great to see someone of his passion get the job?
Looking forwards to The Apprentice tonight where Liz looks like the likely winner.
Tried to find the odds on Betfair but couldn't find a market for it. And good old Mad Men continues to lead the way in quality television. On the sofa from 9-10.45 tonight!
How annoying. I was really hoping to take my usual couple of large ink cartridges to South Africa with me this year.....
The spreadbetting firm I use for sports betting is here:
Via this link Open a Sporting Index account and there's a £200 total goals offer (Or £100 cash alternative) please check terms and conditions which apply.
http://www.sportingindex.com/?tpid=6755
Do remember if you do bet you ought to treat sports spreadbetting as entertainment - and expect to lose! Also with spreadbetting work out what your max loss could be and make sure you can afford it! In other words if you say backed the favourite at 15 for a fiver and they come nowhere your max loss is £75.
Naked Mail
Not sure if you realise how great this quote of yours is:-
"...Good poker players are far more likely to make good traders than clever economist or accountants.... They don't realise trading is like a card game, it's you against others. Economics doesn't come into it"¦"
Oscar Wilde would've liked that one for himself. I hope you don't mind, I am now using it along side Warren Buffet's and George W's greatest one liners
Gosh well that's kind of you but I am no Oscar Wilde, or Warren B! I do believe it to be true, however!
Duane writes:
Wanted to say a big thank you to you and Mrs NT for an amazing day of learning and fun at your seminar.
The way you explained the share trading from start to finish was understandable and really interesting, well worth the seminar fee!
It was great to hear such down to earth and honest assessment from a successful trader like yourself. The way you explained everything was good revision from your book and gave further insight into successful share trading.
I particularly liked your live trades and going through your accounts when you gave snippets of why you invested in certain shares and why you kept/dumped them. Also helpful was the way you searched for prospective shares and within minutes discounted them or put them on a short list for further examination and correct entry points. Amazing!
You could really tell that you loved doing what you do and your energy levels to keep going till 10pm was well....... I had to leave at 9pm I was shattered!
Thanks again Robbie I am keen to put into practice what you have taught me. Even though you make squillions from your trades and I am sure don't need to do the seminars for financial gain, but please keep doing those seminars for newbies like me!
Thanks Duane! Don't expect to be doing them foreever but very rewarding for me to help people so expect to carry on for a while longer.
Mike writes:
I would just like to thank you again for the great time at the follow up seminar and would like to report that thanks to your methods of teaching I have completely changed my investing style and since my first seminar a while back my fund is now nicely up which is a complete turn around from my day trading the FTSE days!
Mike glad to hear of continued success! It does take time to figure out what works for you. Some can make money day trading but it isn't for everyone and investing can be easier for some, including myself.
Terry writes:
Fantastic seminar.
I have always been sceptical of the public testaments you see on web sites
saying how great an event was. Now I'm one of those people!. I
genuinely believe that the tips and techniques as well as the overall
approach you demonstrated will radically improve my trading performance
Thanks Terry, well all the testaments are real but know what you mean and glad you feel it was worth it!
John writes:
Thanks for a great seminar last Friday, everyone I spoke to enjoyed it and marvelled at how you kept going so long; you certainly gave value for money.
If the seminar taught me anything it was how to trade in a more professional and detached manner. I realise up till now I was just playing at it.
Thank you once again for a fantastic day that will remain with me for the rest of my life.
Thanks John, though my wife sometimes complains I go on for too long.....
Advfn Level 2 Exclusive Offer
This compares to £360 PLUS vat from ADVFN direct (£423) so this deal saves you over £100! ADVFN level 2 also includes all the live trades made through Plus Markets which I find invaluable.
To accept this great deal just e-mail me at robbiethetrader@aol.com with "Level 2 offer" in the subject line and I will tell you how to get it. Level 2 for only £299 for a year (including vat), or under £25 a month!!
ADVFN Bronze Offer
Plus you get ADVFN's premium top lists which I talk about in my book and think are a must for finding great stock picks. That includes great lists like ex dividend dates, market maker buys plus chart breakouts and downs.
To take up the offer, e-mail me at robbiethetrader@aol.com with Bronze in the subject line and I will tell you how to claim the deal.
Advfn Silver Exclusive Offer
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.
Selftrade Offer
All deals are just £12.50 with no funny small print. They also charge £35 plus vat pa for all accounts. Follow this link...
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Markets
The market still goes well but various economic events in the States tonight and on Friday could see some volatility.
Tonight the Fed over there makes an announcement on how many new notes might or might not be printed. If he doesn't print enough the market could throw a hissy fit. His talk is due around 6.15 our time. Hey but who knows, maybe he'll give the market more than expected.
So it could be up a lot tomorrow or down, place your bets ladies and gentlemen, the casino is now accepting your bets. All on red, sir?
I'm not updating this Friday due to my talk as explained above but this time next week I would not be surprised to see either big gains or big falls. I'll just do my best to follow what's happening rather than taking a view beforehand.
However for right now I'm a little cautious so more of a topslicer/profit taking mood than a buyer.
However I did nip and buy a few more Devro (DVO) - 1,500 shares at 217.5. This one's fallen a fair bit from 250ish so looks like a good entry price as nothing much has changed. So I've added to the ones I bought at under 200 previously for what I hope will be a turn in the price back up to the 250s. Target 250 stop 205.
At first glance a statement from Alterian (ALN)was no great shakes and it opened lower. No big deal as I was still trebled on my main position and still in profit on the top up. level 2 showed an interesting story - that is of a large number of big buyers sitting there at just over the 180 level. I usually expect others to know more than me so I bought some more getting another 1,500 shares at 184.85p. Apart from level 2 the other reason this could go higher is it looks a likely bid target. I'll probably carry on holding now unless there is a real slide and the buyers disappear in which case I'd obviously reconsider. Target 220 stop 170.
With such massive profits in the portfolio and with November often a rotten month I've topsliced a few profits off the top. Topslicing is jargon for selling some of a share to bank some of the profit but still leave the majority of a stake going. Also because of some sharp rises I've ended up with bigger positions than I would nornally hold. For website purposes (and ease) I'm in the main closing the last site position but leaving all the other positions open.
So topslicing was in Porvair at 78 for a profit of £1,050, some small Dialight at 440.5 for a profit of £1,714, and Photo me at 70.5 for a profit of £1,200. (Halved - weak level 2). Also gone is mmc at 24.5 for a profit of £225 and Huntsworth at 78 for a profit of £450. (Last two finally succumbed to boredom)
Which comes to a total profit bagged of £4,639.
Plenty of decent risers this week so far with nothing on a yellow card which is always nice.
Entertainment One is the star of the week with a really nice rise over 100 and into some very good profits now. The Times ran a story about a potential bid at 130. I always take bid rumours with a large pinch of salt but can't imagine Entertainment taking such a low bid - its library alone is worth 250 million dollars.
Gamble Orosur Mining is the other star up very well this week. And I guess joining them with a good rise so far today is 4 Imprint getting up and over the 260 area - that buy at 214 looks nice now.
Looks like a bit of a shake in Carlco today, I remain a firm holder.
A nice 100 points up on the Betfair short. I do wonder whether to take profits however if it falls below 1400 there is a chance of a dip down to the low 1300s so I won't bank the profit yet. The Ocado shorts continue to deliver (gettit?). Never mind.
Volex produced a very nice statement indeed and it's rising after the pre results profits takers appear to have gone. I've doubled on them and wondering whether to top up with some more while they are back under 300 - they look worth 350 for now.
Hikma came back a bit after the big rise on the acquisition news - been a nice one so far and the rise looks set to continue.
The Vitec Group holds nicely over 500 after succumbing to just a spot of profit taking, I stick in there.
Aggreko is down but looks like profit taking after a good ride as the statement was cracking - I shall carry on holding - still up 400 points and may top up if it weakens any more.
Xaar goes back up again and I'm entitled to some new shares at 170.. The recent sell and buy back in Zotefoams has worked out nicely so far.
Davis Services Group short is about breakeven - it reported yesterday - actually the statement was ok but it's nothing very exciting with only small growth expected and with its massive debt it could drift downwards. It doesn't look like the investor day prompted any big buyers and 435 looks a massive barrier.
Cineworld consolidates nicely after its Toy Story 3 inspired gains. New Brit (nbpo) continues to rise yet again Already in profit by over £5,000 with the current positions.
Yule Catto has slipped a tad after the bid rumours but this looks like one well worth holding onto.
My lovely long-term winner BTG Group is rising very nicely and now I'm up more than 100 points on the first buy, looks set to be a doubler if it goes up a bit more. Up yet again today.
E2V produced a very powerful ahead of statement and once profit takers are out of the way I hope for this one to power on and upwards through 100p. However for now 100p looks a barrier however there seem to be some buyers around so a push through 100 looks possible quite soon. It might need some patience.
Xp Power consolidates its recent big gains I bought this one at 164 a year and a half ago and it's now around a tenner with a profit of £13,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time!
Recent top up Alternative Network is beginning to move up again but finding 200 sticky and looks worth at least another 40p in my view. And that's without the bid potential where I see take out as high as 300p.
Microgen produced another excellent statement and it's risen yet more and it continues to look exciting and having doubled now hoping for the treble and it doesn't look far off - if as I suspect it will carry on being re rated as a tech stock it should head up to at least 120.
IG has risen nicely recently.
.Lovely Petrofac has surged again after a bullish broker note and now tries for 1500! Together with spinoff Enquest sees me sitting on profits way in excess of £25,000. Of course it's volatile but a strong uptrend remains intact.
Hyder climbs again after its excellent statement. - a bid still looks like it's in there for nothing! It's pushing upwards towards 400 and very strong today.
Spirent has doubled for me and there recent top up is in profit. It goes higher and trying for 150.
Still waiting on Nestor news. It seems to be taking ages, I guess there must be some very long meetings but would imagine a statement either way must be imminent. The AA has raised its bid for Nestor to 100p - My profits currently are well over £20,000. Worth holding to see what happens.
Mulberry continues to rocket after results with the spreadbet up nearly £5,000 now - indeed it has doubled and with Mrs NT and friends continuing to buy their handbags and boots there I continue to hold! So thanks again for this one to Mrs NT for Mulberry bags and boots appearing at home was a big buy signal and B) - thanks to the ladies at the July seminar for agreeing Mulberry was the hot place for the ladies to be.
I've been getting e-mails regarding my use of direct market access and who I use. I've tried a few and for me the easiest system for me is here:
http://www.igmarkets.co.uk/?QPID=1079&QPPID=1
Direct market access means you can place orders directly onto the order book bypassing brokers and market-makers with a chance to buy at the "sell" price. I would suggest you ensure you know what you're doing first but IG does provide much education with its "tradesense" educational tool which comes with it.
I also use its spreadbetting service too along with other firms like Tradefair because it now provides trailing stops which to me is a pretty sensible way of trading. Link is here: -
http://www.igindex.co.uk/?QPID=1078&QPPID=1
that also includes a pretty decent educational programme. As usual before opening accounts please read all the warnings on the sites. You can lose a lot of money if you're not careful so pay close attention to them and make sure you always understand what you are doing and what your potential losses are.
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply).
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
E-mail subscription service
Telecom Plus Offer
You get to sell great broadband, phone packages and energy to friends, relatives, contacts and anyone else you find and you get cash for each sale but more importantly you get a cut of their spend EVERY MONTH for as long as they are a customer!
It's called residual income and is a far better way to enjoy a ripe old age than relying on a pension. Because even after you stop selling the money STILL comes in!
I still get paid EVERY MONTH for sales I made back in 1999! Every time a customer uses broadband or the phone or switches on a light you get paid.
It's a great business and backed by a stock market company (Telecom Plus), a dedicated team of advisors.. and me to help you on your way!
Not only do you get paid out every month for each customer you can take on distributors. encourage them like I do and get paid on their sales as well.
One day, say you could made redundant, needed a year off or wanted to retire early can you imagine what joy it is to have the regular income coming in. It's wonderful.
You have to work at it, but if you do genuine repeat wealth could be yours. I did it. You can too. For full details, why not email me at robbiethetrader@aol.com.
An overview is also available at http://www.telecomplus.org.uk/fabdeal you can sign up directly there but do tell me!
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Trade tables follow! Trades are current open and recently closed trades. Closed trades feature the closing price and the amount I won or lost. All others are open. Trades get updated a little later than the narrative. Trading costs are ignored, however I also do not add in dividend payments and with the kinds of companies I buy, dividends tend to equal or outweigh costs. Spread rollovers ignored for web purposes. Tables as accurate as poss however a mistake or two can creep in and very occasionally if I forgot I sold or bought something it will be added at a later time.
Trades first reported Weds and Fri afternoons under "Markets" section.. afraid I can't do live trades as that would turn me into a tipster and I'd have to be regulated!