SEPTEMBER 9, 2021
Back to the cinema
Next update september 24th
*Best Financial Educational Provider, International Finance Awards.**
Upcoming Zoom seminars 10am-4.30pm venue: Your Place!
OVERFLOW SEMINAR DATE: For
beginners and improvers - November 3rd
If you want more than the book and see me do it live, come and spend a day with me and live markets online! See trades from my own accounts, research, level 2, and finding great shares from scratch. Also psychology, websites to use, when to buy and when not with live examples, building portfolios and tons more, no experience necessary and no question too stupid! And chat to me direct. Also chatroom all day. For more details,
costs etc email at robbiethetrader@aol.com with "Nov seminar interested"
FOLLOW UP: new date for those who have been to a beginners/improvers that is on
September 29th lots of trade hunting, supply and demand, screenings and lots more, always my favourite day on the computer as lots of ideas come up. If interested mail me
with "follow up interested" in the subject line. Link is here:
Just like shows on ITV, I am back after the break. I hope you all had some kind of summer even though mainly apart from this week the weather was a stinker. That's all I have in the smalltalk weather department.
Thanks for the feedback on the new podcast - out of 2,000 odd plays only two entries for the £100 comp, neither of which are dead right.
So if you have time to enter - closing date not till month end - just count the number of sun, sunshines and sunny's and you could win that cash - worth a go?
Rules are simple: the person with the nearest to the total of sun, sunshine and sunny's on the pod gets £100. More than one spot on I will contact you with a tiebreaker. Good luck! Link is here:
https://soundcloud.com/thenakedtrader/nt5/
Also includes lots of chat about shares, scams, how to be a dragon to make money, top tens, spot the intros, nostalgia corner and loads of laughs. Plus experienced investors have tips for beginners and investment ideas - settle down and spend
some time with the Naked Trader!
I look forwards to "meeting" some of you online on Sept 22nd - there is still space if you would like to spend the day with me and live markets - email for details. STOP PRESS:
Sep sold out new date Nov 3rd, mail for details.
Claire mailed me yesterday with some feedback on the last one which she attended.
"Thanks for a fantastic seminar, I learned a lot and got every question I could think of answered. I think the most beneficial thing to me was just seeing with my own eyes how you go through the process of picking shares to buy and witnessing your thought process as you go through and also being able to ask questions as they arise. The system you and Elizabeth have for answering all the questions is fabulous & means you depart the maximum amount of information that is humanly possible in one day! The next day I just wished I was doing the course again instead of going back to work as it seemed dull in comparison."
Thanks Claire! It was a lovely group with a great sense of humour. Those of you coming to the seminar on the 22nd will be getting a questionnaire from me early next week, it would be great if you could fill it out as it helps me to figure out what we will cover.
Life seems to be getting back to somewhere near normal which is rather nice. Even had some friends visit - you then remember how nice it is to have friends!
Went to the cinema for the first time in"¦ goodness knows. It was good to be back.
I thought this would be a good idea as a warm up for the long delayed James Bond movie now out at the end of the month. That will be nearly three hours
long so a 1.5 hrs movie seemed a decent warming.
There was some distancing with one spare seat between cinemagoers.
Mask wearing was confusing. There was a sign at reception asking for mask wearing but the receptionist said "It is up to you."
The upshot was no-one wore one. But I think the cinema could take the sign down - either there is a policy or not, it is a bit confusing otherwise and could lead to unpleasantries between pro and anti maskers in cinemas.
We saw the new Jude Law one "The Nest" - reviewed under naked rambling section. There was one annoyance with being back in a cinema - the noisy crisp muncher. He was in the seat but one next to me.
Munch munch, rustle rustle for the first half of the film before mercifully he ran out of crisps. I did have a fantasy of grabbing his monster pack in front of everyone then jumping up and down on it. Sadly, I didn't have the courage but it would have been satisfying for three seconds.
It was nice coming out to think yes, you can actually go and see a movie again and yes it is way better on a big screen and please may they continue and not go bust leaving us just to Netflix and Amazon.
Our younger cat just can't figure out the wave pool in the garden. He spends a lot of time looking up at it, puzzled.
What is it? Why does it sometimes make noises? How come humans get into it, get wet then come out?
He doesn't have the brainpower to figure it out. Which made me think we humans are the same, we don't have the brain capacity yet to figure out why we are here, what our purpose is and what the point of it is.
I guess that's why we have religion, we split into groups, we need a team and that team is generally whatever we were born into. We all need a team, even if it happens to be team taliban. And many stay in their teams because that's what we know. We need that tribe. Whether it be Man Utd or Man City.
One day I guess once our brain capacity increases we may know the meaning of life. In the meantime, "come on Fulham!"
Over the summer my mind over pain appears to be working! Pain is way down and activity way up and yesterday I swam, cycled and did a long walk. The learned techniques mean no more pills, interventions, or surgeries - through with all that.
Now hopeful at some point the first holiday for a while. But with all the tests, masks, and hassle I'm not rushing it and might have to wait till next year.
Lovely to spend the day online last time with some of you at the zoom seminar.
Very interesting conversations - I noted on a few questionaires the subject of
perfectionism came up. It is impossible to be perfect in markets which makes it
harder if you are a perfectionist! It just can't happen and things will go wrong.
I was delighted as some of you began to understand level 2 and the importance of
supply and demand. And thanks so much for the feedback such as this from Phil:
"The seminar was delivered with huge integrity (there was Zero hidden agenda/ulterior motives, it was simple and open with some great laughs thrown in)
As much as I found myself trying to complicate the process and make it more sophisticated in my own tiny brain.
You brought it back to, Keep Things Simple. Do Your Own Research. Trade without emotion and above all, trade the market you find"¦ not what you or some pundit thinks it should be.
You also took the time to answer "every" question anyone posed. And it was every question.
Loads of shares ideas to boot, but more importantly the process to find your own.
Brilliant!
Big thanks also Elizabeth, you made the whole process seamless and free flowing; and kept the attendees and Robbie on course."
Thanks Andrew - we have got rather experienced at running them on zoom now!
Next online seminar is on November 3rd email me at robbiethetrader@aol.com
with "Nov seminar interested" in the subject line for all the info.
Jas, thanks for your mail as you've been to two zoom seminars.
"Just wanted to say thank you for a couple of wonderful seminars.
Your seminars were brilliant. Delivered methodically and with just a simple honest approach to dealing with the markets. You've helped me immensely in sorting my trading plan out and finding a good and profitable way to trade. After many months trying to figure out level 2, you sorted that out in one afternoon.
Since the seminar, I have placed 5 trades, 2 have closed out with profits and 3 are still running with profits. All trades placed using fundamental research and not Youtube videos
from David:
"Well it doesn't happen often, but I am absolutely speechless! I don't think I have ever spent a more worthwhile day nor spent money more wisely and gladly.
I for one was practically at the point of orgasm all day in my enjoyment and appreciation of what you were presenting! Even though I have read NT time and again, to see you going through the process of stock assessment over and over was incalculably useful and I managed to take six A4 pages of notes during the day. I was fascinated to learn about (and see) Level 2 in action and learn more about Spread "˜Betting'.
I thought the presentation balance was perfection, and Elizabeth was a complete star with her very well-judged handling of the questions....
.....This is a rather long-winded way of saying thank you so much to both of you - today was one of the top five most enjoyable days of my life, and I greatly look forward to joining you again!"
Naked Rambling
I suspect this will lead to a lot of new street muggings - surely easier than breaking into a house? Just mug one person a week, take their mobile and card and enjoy an easy spending spree.
Mainly though it is designed to put the final death onto cash. Those in favour of this have not thought it through.
Once cashless, powers that be have total control. Been bad? Sorry, your punishment is we have frozen your accounts and you have no back up.
Oh and because "The nhs needs more money and social care too" we are making interest rates negative and so will remove money from your accounts every month. Surely you can't complain, it is going to a good cause!
Oh also, debt will mount up as people happily spend on cards they would never have done that wish cash precipitating a debt crisis. That means anyone whon bothered to save for a rainy day will have their savings taken to help those who just spent everything.
More chilling is a firm is already touting a chip to be injected in your finger which in effect will be your credit card.
"Hey folks, how easy it will be to pay for things, just wave your finger!"
Heck, you may as well add in your passport and health records and bank accounts into your finger too!
Social distancing has gone from the House of Commons. I watched PMQ's. OMG. It should be renamed the House of Wan****.
How is it still possible in 2021 that this old fashioned way of doing things this still exists with all the braying and insults and really childish behaviour from all sides.
It has the feeling of a nursery full of badly behaved kids. Boris is full of bluster and doesn't answer the questions. And Lord Sir Keir seems out of his depth and incredibly dull with a feeling he is just acting out a role. I've given up with the whole thing, I shall just pay whatever tax I am asked and expect not to be able to properly use any of the services I paid for.
You have to admire the guy who raised funds for charity with a tour of the UK's rudest places.
Stops included Ass Hill, Pishill, Willey and Cockfield. I had a look at the tube map to see if there was anything close to home but could only come up with Cockfosters.
Looking further afield you could have great fun visiting rude places. Such as Sh1t and Ars in Iran, there is Titz, Turda, Minge, Windpassing, Twatt, Climax, New Erection, Bob's Knob among many.
Perhaps the best place for me to live would be Bald Knob (Australia).
There is really a place in Turkey called C*nt.
I put an asterix in there or else those of you who get the site stuff on email probably wouldn't get it due to the auto censoring of email providers these days.
I reckon C*nt would be a great place for Dominic Cummings to retire. Perhaps with Dominic Raab next door.
Onto the arts and right at the same time two series launch, both about rich people with massive problems having bad times at an expensive spa place, what is not to like about that and both series are great.
The White Lotus (*****) Sky Atlantic
My first five star award of the year. After a summer of eff all worth watching this is top form entertainment. All about a bunch of stressed rich people trying to relax at a resort in Hawaii. Of course things go wrong for most of them and there is nothing like watching the spoilt and entitled get their comeuppance. Star award goes to the on edge resort manager who has to handle the entitled like children. Second award for the singleton on the edge of a nervous breakdown. The plot builds nicely and lots of great fun, entertainment of the year! Go watch!
Nine Strangers (****) Amazon
Meanwhile in the other series about stressed rich people trying to relax at a resort ..this one is more of a thriller than a comedy though it does have some fun too. Again some rich ones go to a wellness retreat led by a mysterious Russian. It is a shame they cast NIcole Kidman as I keep thinking "It's Kidman pretending to be Russian". All the characters have back stories which are explored and they are all deeply flawed spoilt rich plus a teacher on a freebie. Lots of fun and intrigue. And a decent soundtrack too. Probably best to binge both series separately or else given they have a similar premise it could get confusing after a Pimms.
The Nest (****) In cinemas
Jude Law plays a mid 80s trader who buys a grand house he can't afford and gradually his debts catch up with him and his family and we watch him implode. Always fun watching people having a bad time as it isn't you!
It's well paced and Law does well here. There is a well chosen 80s soundtrack and it is highly entertaining. If you can't make it to the cinema make a note to watch when it goes on one of the streamers.
The Vault *** Amazon
A fairly standard heist movie which bubbles along fairly entertainingly though there is a feeling it's all been done before. If you have an hour and a half to waste it is pleasant enough but don't expect anything great.
Vigil (****) BBC1
Ignoring some massive plot holes, unlikely events and portraying those in the Navy as crazy sociopaths, oh and the woke casting, it's entertaining.
I wish they would give some actors you never saw before a chance. Because we've seen every one of them dozens of times, sometimes it gets difficult to remember which show you're watching. Oh yeah there's the bloke from Line of Duty. And what the hell is Johnson from Peep Show doing running a submarine? Anyway all the characters are dodgy and to find the killer concentrate on the bit part characters who seem innocent. Or could it be the murderer is actually "H" from Line of Duty?
Joe Lycett's Got Your Back (**) Ch 4
This is an uneasy mix of comedy and consumer crusade, the modern version of "That's Life"
And while Lycett is a funny guy and there are some witty lines it is all a bit forced and long-winded with way too much padding which quickly becomes tiresome and it's all a bit on the smug side. Some of the consumer stuff re the scamming that goes on is interesting and my cup of tea but It needs to be half the time and edited leaving 30 mins on the cutting room floor.
Back To Life (**) BBC 1
A comedy about a woman who murdered someone and is now out of jail. While there are some decently observed bits like her mum and dad's life I actually found it quite depressing. Indeed rather than comedy it left me feeling a bit sad particularly the supermarket scenes. I'm out.
Billions (****) Sky Atlantic (New yesterday)
Billions is back, continuing series 5 after filming got interrupted by Covid. First thing what the hell happened to Chuck? Most people put on weight during lockdown but the actor who plays Chuck has lost so much weight he looks like a different person. And the beard has gone, all a bit weird. He seems so different!
Axe continues his war with new adversary fellow billionaire Mike Prince first failing to get him for illegal sports betting (do not bet on sport, you will lose!) but ending up with a great blow at episode end. Meanwhile Wendy gets rather excited watching her painter man splashing paint on his canvas. Taylor looks like she/he/them has found a new love interest with a bright employee though Chuck has ditched his girlfriend after a disappointing threesome. Still never mind, Chuck has a reason to go after Axe again which is what us viewers have wanted for some time.
Lots of fun, and some cracking fun and sharp lines exploring, well frankly how sh1tty, jealous and horrible some of us can be. Billions still has it providing superior entertainment.
Aren't you fed up with clicking on every website to see "We value your privacy".
Then you are forced to tick a box which means:" Forget your privacy you agree to let us spam you, pass all your details on to the dark web where they will steal your bank details, and we will send all the info we collect on you to anyone that will pay".
Here at nakedtrader we really do value your privacy, no box to tick here and nor am I interested in putting cookies on your computer. I have no interest in selling any of your details or passing on email addresses for money. So those on the email list have no fear, you are safe with me.
Most boring ever email subject line I have ever received award goes to:
" PLSA comments on TPR's TCFD guidance consultation".
I bet whoever wrote it was wearing a marks and spencer suit.
Oh no there is a shortage of McDonalds milkshakes. I was wondering which ingredients they were short of so checked them. Here are the ingredients I found:
Milk ingredients, sugar, modified milk ingredients, glucose, mono and diglycerides, guar gum, dextrose, carrageenan, cellulose gum, natural flavour, sodium hydroxide, sodium carbonate Cream (Allergen Ingredient:MILK), Allergen Ingredient:Skimmed MILK Powder, Glucose Syrup, Whey Powder (Allergen Ingredient:MILK), Stabilisers (Guar Gum, Carrageenan, Locust Bean Gum), Natural Flavouring.
Yum! I really feel I am missing out on locust bean gum..
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***
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Research Tree is a site that offers broker notes on shares, indepth with all the financials and target prices. So if a company reports, you can see what the brokers think - and you can also see the upgrades and downgrades. Plus the top shorted shares, a news feed and lots more.
To access the discount, set up a free account at research-tree.com. To get a full account click "upgrade" to the package you'd like and for the 20% discount type "nakedtrader" into the discount code box. Enjoy!
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Stockopedia is indeed like a stock market encyclopedia and a great place to scan for new shares to buy, check out fundamentals...there is even a stock screen loosely based on my criteria! You can try it for free too.
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ADVFN offers
This compares to £ 638.88 direct from advfn so this deal saves you £176.88!
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ADVFN's bronze subscription - normally £97.53 pa - available from me for only £66! (inc vat) That's a saving of £30! You get ADVFN's premium top lists which I think are a must for finding great stock picks. That includes great lists like ex dividend dates, plus chart breakouts and downs. All as explained in the book.
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The deal is via me you can save nearly £40 for your first year by paying just £186 inc vat via me instead of £229.30
Just mail me at robbiethetrader@aol.com if you'd like any of these with "advfn offers" in the subject line. Please note if you want to discontinue the sub you need to give a month's notice by post. L2 offer includes silver and bronze.
This Site To Your Mailbox
Website to your email PLUS extra trades which do not make it to the
website for my pension
If you'd like the website material sent to your mailbox so you
get everything before the site itself is updated every other Thursday
plus one or two exclusive extra higher risk trades not featured on the
site mail me at robbiethetrader@aol.com with "email" in the
subject line and I will send you details on how to subscribe.
Markets
EMAILS: I do beg you not to send me emails asking me for advice on a particular share. It isn't legal for me to give you individual advice and all I do is send you a mail saying that, which wastes a lot of my time and yours too.
****
COPYING TRADES: I can't stop you from copying a trade I made but remember the price may already be a lot higher than I paid indeed I hope it is as buying at good prices is what I do for a living. You may be buying at the top and could easily lose money. Also I can make terrible mistakes and have done in the past. I could also sell before you or before the share tanks. I may still be holding in a year when you sold at a loss. Always do your own research, don't jump in blindly. Market makers are very clever at knowing how to make you pay top dollar and then push you out at a loss. This site is about sensible investment and learning how to trade sensibly and is not a tipping site. Beware. Never push buy on anything till you've done proper research and got yourself a sensible price.
Markets
Upcoming Zoom seminars 10am-5pm venue: Your Place!
NEW OVERFLOW SEMINAR DATE: November 3rd For
beginners and improvers -
If you want more than the book and see me do it live, come and spend a day with me and live markets online! See trades from my own accounts, research, level 2, and finding great shares from scratch. Also psychology, websites to use, when to buy and when not with live examples, building portfolios and tons more, no experience necessary and no question too stupid! And chat to me direct. Also chatroom all day.
Details from me at robbiethetrader@aol.com please
put "Nov sem interested" in the subject line.
There is a new episode of the "Naked money" podcast. A series where I teach a novice trader how to do it and
every week we pick a share.
The new edition is available whereever you get your podcasts under "Naked Money"
or here is a link:
!!!
It's new!! Podcast no 5 is ready!
https://soundcloud.com/thenakedtrader/nt5/
Includes lots of chat about shares, scams, how to be a dragon to make money, plus a £100 competition, top tens, spot the intros, nostalgia corner and loads of laughs. Plus experienced investors have tips for beginners and investment ideas - settle down and spend
some time with the Naked Trader!
NEXT UPDATE SEP 24th
Feels like a while since I updated but it's only been 5 weeks. And really, over August not a massive amount happened.
Markets remained steady with indices stuck in a tight range and investors seemingly mainly just holding. Day traders and more frequent traders had little to get excited about and with no volatility spreadbet firms reported a quiet summer.
Having had so many bids for my shares causing some brilliant gains I mainly spent time looking for some other potential FTSE250 bid targets. I must have had bids for ten or more companies this year and I am greedy for more while the going is fair.
Indeed I am mainly still in shares because of this as honestly, I have never seen so many red flags knocking about. For me it is a question of when rather than if there will be a crash in the US especially. I still feel we are like a game of Jenga and the whole lot will come down.
What red flags am I talking about? Lots of anectodal. Smug traders/investors bragging about their gains (yes that does include me). Kids getting into trading. The bitcoin madness. Shares in the States valued at crazy levels nothing to do with their actual profits. The US indices at highs. Shortages in shops. Things like "Karna" offering buy now pay later deals (always a sign). Contactless going to £100. Inflation building. Supply problems. Potential China problems. I could go on. (Shut the f up Burns).
For me, having been through quite a few crashes "¦ I am very experienced at crashes .. I feel like I am gradually preparing for one using lessons learned.
I remember sitting there in 2008 finding it next to impossible to sell small cap shares. In a crash liquidity goes and even selling small amounts of small shares is tough.
So I am going to make sure any small caps held will be to smaller amounts enabling a swift exit if necessary. I am currently more interested in the liquid FTSE 250 shares where even in a crash an exit to decent amounts is possible. And I am and will be holding more cash.
I am experienced at shorting so will definitely be doing that. Those of you coming to my live zoom seminar on the 22nd, I will be showing you exactly how to cover yourself in a crash and how to use shorts. I made nearly £250,000 from a ftse short in the crash last year. We will be looking at ways and means to make on the downside very closely! (Still space by the way, join me on zoom for a day and you can even see what's in my accounts, and the spreadbet ones which aren't on this site. Mail me..
Crashes always come when least expected, I suspect this one will either be caused by a sudden problem with the Chinese economy and/or sudden sustained inflation causing interest rate rises.
By the way don't read the above and panic. I am not saying it is going to happen today or tomorrow or even this year but it is better to be prepared for one after a sustained profitable run and I am looking to short the US market more than the UK one this time. But I am still up for buying value. It is the US that is overvalued not so much the UK. I really think it is also worth being in a bit of cash.
So, are you pissed off with my gloomy start? I am sorry!! Let's see what I have been up to.
I have this week put on a first FTSE short for a long time. Just because the markets look a touch wobbly this week. Quite tight stops so if just a minor wobble no damage done.
After a break it is hard for me to remember what I have done or what shares were on the website but I will do my best and anything I forgot will try and mention next time. When you hold as many shares as I do it isn't easy to always track everything.
One of the most asked questions I get is "why did my share go down so much when the report was so good?"
The answer is profit takers come in on the day of the report, shares go down, stops get hit. Shares carry on going down for a week or two, then they rise again. Because after all the report was good! So these days I tend to sell most of anything that has risen a lot in the week leading up to a statement. Wait for the drop, then buy back.
It was so obvious this was going to happen with two of mine that produced fantastic gains, Lucedo and Gattaca. Between the two of them, in real life, I was holding profits in excess of £50,000. I knew both statements would be good but also they would likely tumble after the statements on the "buy the rumours sell the news" thing. So my plan was to sell most of both before statements then buy back lower.
So, I spent the week before statements selling off both in 5-8k chunks, and then the idea was to buy back lower. I have done that with Gattaca, and waiting on buying back Luce. I will try dma to buy Lucedo to get the sell price as the spread is often wide - those of you coming to the seminar on the 22nd I will show you live how to do this, there is nothing more fab than buying a share with a big spread at the buy price therefore not paying the spread.
On website trades then bagged profits on Lucedo of £3,007 and on Gattaca
of £9,645.
Gattaca looks great value after the fall and should be more upside, Lucedo waiting for the profit taking to die off. Being able to buy after profit takers have gone usually means you get a great new price, and profits have been nicely banked too.
Alumasc was a different kettle of fish. That actually fell before the results - if it had risen a lot before there would have been a sell off on results day, so that was a totally different play so on this one I bought more before results. Does this make sense? Results were very decent and it looks undervalued still. So unusually for me I bought more ALU on the weakness. It really does look cheap! More on this one in the last update.
As I mentioned I am now looking at more FTSE 250 bid target shares after
so many great bids this year.
I wonder if asset managers could see a takeover or two? One firmly in the frame for me is Ninety-One. N91.
This looks like a very decently run asset manager with fingers in lots of pies.
It has recently reported consistent rises in assets and directors last month bought more than a million quid's worth of shares, a vote of confidence.
This one looks one to stick with in a decent market, however I would dump it fast should the markets turn down. For now, looks like a cracker. If I were a bigger asset manager I would be running the rule over this.
Also now on my list of potential bids is Morgan Advanced Materials. MGAM.
This one is another with lovely rising profits, lowish debt - the kind other companies might just go for and valued
It's an engineer of ceramics, carbon and composites with 85 sites across 30 countries. The half year report a month ago was extremely promising and it looks ripe to be snatched by a bigger rival.
The chart shows a lovely gentle rise and not very much volatility so it looks like a nice safe one as a tuckaway and hopefully await some action.
Spirent (SPT) looks more and more like a potential bid target to me. It has lots of assets and great potential that others you'd think would want to snap up and I have bought quite a few.
Its testing applications have big demand at the moment and it has substantial resources including a giant cash pile.
Talked about this one before. Even without a bid it looks to have some superb revenue streams and if it can get above 300p which is a barrier at the mo there could be great upside even without a bid.
I was looking for another recruiter to add to Gattaca and came across Hays (HAS). A FTSE 250 stock the last results were extremely strong.
Hays recovery after Covid troubles is exceptional with profits rising fast and a mounting big pile of cash which will be partly returned via a special dividend going ex dividend on Sept 30th.
I reckon I might be able to get more capital growth plus the dividend as recruiters continue to be in high demand. I reckon that demand could well continue for the rest of this year.
As you know I am an average upper and couldn't quite resist the urge to top in the lovely Sureserve (SUR) which I talked about on the podcast as one of my lovely boring ones.
Which indeed it is, and shares keep gradually rising. To hear more of my views on Sureserve it is on here,
I've also averaged up in Science (SAG) and Caretech.
Science looks to be really going places - it is trying to buy TP Group and this week raised £18m easily this week at a fantastic price above the market price. SAG is one of those to simply hold and enjoy!
Caretech's shares continue to head upwards after some very decent reports and it seemed sensible to average up.
I've now collected lots of profit on more of the lovely bids I got over the summer.
As those of you who came to the last zoom seminar saw live I banked more than £50,000 of profit selling Ultra Electronics as the price was pretty close to the bid price and there was a chance of Government intervention.
I ended up taking most of the profits from Ultra as spreadbets.
Anyway I am all sold up - why bother waiting for a bit extra?
For the website trade then the profit from Ultra is a nice £3,115.
I've also taken profits on the bids for both Sumo and Avast. Again I didn't see the point of holding them and waiting maybe 3 months to get the full bid prices.
So banked profits of £1,920 on Avast and £1,853 on Sumo.
I can't even remember all the bids I've had now this year but it must be at least ten!
It's always tricky when a long-term trade keeps going down and Avon has been in a tailspin for some time with worries over orders. I didn't even notice the trailing stops gradually getting hit - but this meant some losses on more recent averaging ups and some giant profits from earlier trades. The tl's have stopped me out on about 70pc with some still left from long ago when I was buying at 800p.
However the falls I reckon are now overdone and I have bought some back. If orders start to come back there could be a massive re-rating up in Avon over time and it announced a substantial contract yesterday. The de-rating means Avon now looks excellent value.
I have closed out some of the website entries which all tallies up to a profit of £19,013
Including the losses from the two average ups.
The last cmc I had was stopped out (funnily enough with spreadex) for a profit of £4,767. It really wasn't surprising August trading was bad for spreadbet companies and the selloff has been well overdone. If I was IG I would be considering a bid at this kind of level. Considering getting back in soon. As soon as autumn volatility picks up they will be winners again. IG was stopped out by a tl as the shares came down after the cmc statement - still a decent profit despite not getting out before the drop - a shame as they would have been a lot more. Profits for the website then of £4,255.
I took profits on Fonix after some decent rises - profits for the site of £2,100.
Same for Calnex - £1,000 are the profits there. Moneysupermarket has gone nowhere so exited for a loss of £241.
All told then after some giant profit taking, profits banked for the site of £50,434. In reality it is a lot more than that on the real holdings well over £100,000.
I know it is annoying as it seems like I am showing off, which I am, but just wait till a bear market kicks in. Hah watch Baldie Burns get a kicking and about time too..
I think I might have actually covered most, anything I haven't will catch up next time.
Bits and pieces from over the summer. Long-term hold Sopheon enjoyed a rise after the market liked its summer statement. This under the radar one some brokers have targets of 1200p which seem reasonable to me, and another where a bid has potential.
888 produced a sparking set of figures and continues to be a great one, again talked about this a lot on the podcast. It has been successful with its bid for the William Hill Euro sector and there could be substantial upside once a fundraising is done.
Up Global Sourcing's statement went down very well with the acquisition of Salter getting the thumbs up with a very bullish tone. The trade in Ince is losing and I've been close to taking the loss - but another close look at it shows it is so cheap I will carry on with it unless it takes a dive from here.
The short in the con that is robinhood is going well. Buys in Clipper and Clinigen have all worked out well.
Generally then, although I personally think markets should be heading south I always follow the market which despite today's fall is still in a big uptrend.
But I am in a lot of cash after all the bid targets got sold and I will use the cash to go short if I need to should the worst happen.
I already have a FTSE short open and will increase should markets begin to fall, especially if it falls below 6,950.
I wish you all the best, see some of you online on Sept 22nd!
Don't forget my new podcast here -
you could even win some cash.
https://soundcloud.com/thenakedtrader/nt5/
£100 podcast competition rules: Count the number of times you hear Sun, Sunny, Sunshine or the plural of those words and send your answer to "podcast comp" at my email address.
Closing date Sept 30th. If more than one have the right answer I will contact you with a tiebreak question.
There is a new episode of the "Naked money" podcast. A series where I teach a novice trader how to do it and
every week we pick a share.
The new edition is available whereever you get your podcasts under "Naked Money"
or here is a link:
Money Week offer:
Money Week is a decent magazine which I get as well as the IC.
Shares wise there are quite a few features every week including what a fund manager is buying, all the tips from the papers are covered including places like the Telegraph, Times, Mail, Shares Mag etc and also IPOs are covered.
There is also a decent property and travel section. Also coverage of topics like pension planning, tech, spending and current and future economics.
The kind of mag I enjoy reading in the bath and I always find something that makes me have a think, and that's quite hard for me..
On the link there is also a decent discount so it's around £28-£32 for 13 issues depending on whether the mag is sent to you by post or digital or both. Personally I like an old fashioned mag for bath reading!
So- if you want the free six weekly issues and a discount the link is here:
https://www.moneyweek.com/TNT
Do let me know if any probs with getting the discount or freebies.
Spreadco is still paying 2pc interest up to £20,000 free cash which I enjoy getting and as we saw at the seminar its spreads on ftse 350 shares and the ftse always seem to be tightest.
https://www.spreadco.com/nakedtrader to open an account under Akeel.
**NEW OFFER: Research tree discount offer: 20pc off.***
As most of you are aware I don't take ads or recommend anyone apart from the
couple of firms I use all the time and trust.
I could probably make millions from agreeing to deals offered by forex cos,
dodgy systems et all. They're all con merchants and I would never ever sleep
at night if I just took their money, so I don't much to their bewilderment! That's
why you don't see any ads on the website.
However I actually approached a company to suggest I recommend them as long
as they gave my lovely readers a decent discount and it agreed.
The site is called research-tree and I really can recommend it as it is a big
help and complements the brilliant stockopedia, the only other site I recommend.
It is very hard as an investor to get hold of brokers notes/recommendations, their
in depth research on companies. Either it is expensive or there are silly rules re who
can access them.
So this site has broker notes on companies, plenty of in depth research. You can find things such as pre-tax profit forecasts and the most shorted companies. There's an easy search facility and also a news feed.
So for example on the morning of a share result or statement you can get a broker report on that share, it is really useful! Broker reports are usually very in depth and I especially like being able to see a full year pre tax profit forecast which seems impossible to get elsewhere.
You can get a limited free account - for full access if you like it - click "upgrade" and there is a 20 per cent discount if you type nakedtrader into the discount code box.
The address is research-tree.com - for the discount remember the code nakedtrader after you ask to upgrade. If you upgrade let me know if the upgrade thing works well and is easy or if you encountered any probs getting the 20pc off.
Ig created a stir among traders by axeing coverage of 900 odd shares. Customers were forced onto 100pc margin and many have not long to close them out,
It said it was forced into it by its own broker - I suspect sb firms are alarmed by the Gamestop palava and they've been inundated with too many new accounts chasing the same pump and dump shares.
Out of the 900 axed shares I only held two and am allowed to hang on as a "pro" trader.
Actually an interesting list of mostly rubbish and I suspect those forced out might be glad eventually!
There are some surprise bigger shares in there that IG will no longer deal in so for those of you who mailed me re other accounts I suggest
https://www.spreadco.com/nakedtrader
for the top 350 shares, spreads are often the best and it will deal in most 350 shares and some that IG won't. It also pays 2% interest on free cash up to 20k paid monthly.
For small caps try http://www.spreadex.com/nakedtrader. Spreadex say for the moment they will carry on with most of the shares so that could be another place to deal in shares IG won't.
Those who moan about 100pc margins, well I do suggest in my SB book not to use margin much - the sb firms can any time ask you to go 100pc. If this is a worry and you do not have the money to cover look on it as a warning and stop using too much leverage ok! (Yes Robbie stop being horrid to me).
Trades made for my sipp are exclusively available on my
email service (this is the website stuff plus exclusive trades mailed
to you earlier on update days). For subscription details mail me
with "email interested"
Podcast With Dj Naked Trader
NT Radio show 5, the latest: https://soundcloud.com/thenakedtrader/nt5
The Naked Trader Radio Show number four
https://soundcloud.com/thenakedtrader/radio-show-4
Show three is here:
https://soundcloud.com/thenakedtrader/radio-show-the-third
The second show was here:
https://soundcloud.com/thenakedtrader/christmas-newyear2019
The first show: https://soundcloud.com/thenakedtrader/radioshow2018
Stockopedia as ever is SO useful. It really is a must have! And some fantastic talented writers/commentators too like Paul Scott.
Brilliant stats on all shares, amazing stock screens and even
discussion boards that are actually sensible and not barmy
blokes having a go at each other as if they were pissed in
a pub. Or weird obsessives.
https://www.stockopedia.com/nakedtrader/
gets you a big discount and 14 days free trial.
If you are thinking of A ftse trade try https://www.spreadco.com/nakedtrader
as their spread is the tightest at 0.8. Also very pleased with execution - FTSE cos the cheapest spreads there too.
It is hard to find a firm that does prices on the very small companies but this company does: https://www.spreadex.com/nakedtrader
****
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 in the diary under Markets every other Thursday afternoon.