MARCH 16, 2011
Hotel masterchef?
** 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
**
** Before emailing me with a trading question PLEASE check FAQ's, it is the button just above as I keep getting the same questions and you would kindly save me at least half an hour a day in sending you emails saying please check FAQ's! **
** Those of you coming to the March 25th seminar should have full details of venue etc from me, if you are coming and have not got them please let me know...
No update on Friday as doing a follow up seminar for a small group of you... see you all there!
Our Florida holiday is nearly here, I can't wait, indeed just found my sunglasses. I'm afraid it will mean the site won't get updated in April but you will have to live without me for a month and a bit.
We're hunched over computers checking the weather over there and all the things we can do. Places to visit, people to see, oooooh so excited.
It's even more exciting as young Christopher is going to meet some American cousins for the first time. Also Elzabeth's sister is flying over from New York.
The one problem on the horizon is... the scary rides that Christopher is going to want to go on in Disneyland.
I can't stand them and always feel sick. Hoping Elizabeth's sister is made of sterner stuff than me and will go on the rides with him.
Christopher knows I'm scared of them and being six, of course there will be nothing funnier for him than to get me on one.
And yes, I know, fear of things should be conquered. But then again, will I really get a positive experience on a ride? Is it worth conquering the fear?
I know what it is: loss of control. Yes, I must be a control freak. Ok, you can all carry on reading now.
I am looking forwards to sunshine and fun and a change of scene. We've got a fab hotel and we're right by Disneyland. Counting down the days!
After the teeth troubles poor old Christopher managed to pick up ear ache.
So we took him to the kids hospital, he's got an infection. The poor lad keeps saying what on earth else can go wrong? He was up a lot of last night and so were we. Lack of sleep again, so tired!
Thanks so much to lovely dentist Gursh for sending the lad a brilliant lego set! Thanks Gursh!
I'm actually going to the seminar hotel tonight, which might sound surprising given the follow up seminar is on Friday.
But they invited me to a "fun dining experience where you will enjoy good food and delightful wines that will complement each course"
"We will be where all the action takes place, in the chef's kitchen where he will be preparing the food in front of us..." (Not boil in the bag chicken with gravy again???)
It kind of sounds like being invited to a live episode of Masterchef where you get to taste the food.
Now we couldn't really turn down the invitation. Babysitter is booked and we're going.
Champagne and a canape start is also promised.
Got to say, a bit intrigued. After all airport hotel food isn't exactly known for its gourmet side. I mean what fare could they possibly russle up at this kind of hotel where real food isn't exactly the top of the agenda.
Oh, and we also get to meet... the head man for the whole group of hotels (ooohhhh!!).
Can't decide whether to moan at him given the hotel seems to be falling to pieces and the lifts are scary. Depends on the food and how much wine I have. He probably gets that all the time so I'll probably leave him alone.
If I'm a little hungover at the seminar, you'll understand why....
(Also makes me wonder that I must be paying the hotel over the odds for the seminars!)
Anyway full gossip and report direct from the hotel kitchen, er, next week.
Look forwards to seeing those of you coming for the follow up seminar on Friday. It'll be good to see some old friends/faces and after this week's turmoil it'll be interesting to look some techniques to use during sell offs etc.
I'm sure there will be a lot of interesting stories and these follow up days are always interesting, I just never know what's going to happen or where the day will take us. And given the volatile market, who the hell knows what Friday will throw up?
Coffee and tea awaits from 9.30!
Anyway see you all there, we're in a downstairs room, just follow the signs to Naked Trader.
Thanks for the great feedback on the last seminar. So glad you found it useful and epecially glad to hear some of you are now finding level 2 invaluable like I do.
If you missed the last seminar the next seminar is approaching fast - indeed it is next week on Friday March 25th, and there are not many seats left. For details that one mail me at robbiethetrader@aol.com with "March seminar interested" in the subject line.
There is a decent early booking discount available but not for much longer given it's not really that early anymore. Beginners and improvers welcome! Come and spend the day with me, the markets and some lovely people - and of course, lunch!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.
Some of you can't make that date so I have now booked the date after that which will be Friday May 13th at Heathrow. Of course a good early booking discount will apply for that, for details on that one mail me at robbiethetrader@aol.com with "May seminar interested" in the subject line.
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 get quite a few mails asking what magazines or news services I subscribe to etc. Well, hardly any! I get the Investors Chronicle delivered.
However I do take (£8.99 a month though take the yearly option at 20% discount to that) a daily email which is my main source of news about such things as broker upgrades, main news items, analysis of stocks and markets, forthcoming company statements and events, stock recommendations and targets from the top brokers, what kind of earnings expected from companies and a whole heap more useful stuff.
I sometimes get ideas from this for companies to watch or monitor or even buy. And it's handy to get a summary of what the brokers are saying and looking at future earnings etc.
It usually arrives around 5ish every day.
I contacted the people that put it together and they offer a free 14 day trial of it to my readers - so you can cancel after 14 days if you don't feel it's useful enough.
Once you cut and paste this link into your browser, click "uk 14 days free trial" then I would go "yearly option" which gives a 20% discount making it just over £7 a month, as you can still cancel seems worth it. Hope you find it useful like I do. It's one of the few paid for news services that has really impressed.
http://bit.ly/eBPXuG
Head honcho of advfn Clem Chambers has released the third in the current trilogy about the adventures of the best trader in the world!
For those of you who've already read Clem's first two, The Armagdeddon Trade and The Twain Maxim, this is a must buy! Our rich trader just can't help trading even though he has more money than nearly everyone else.
This time he buys a golden box worth countless billions and of course gets a bargain. Problem is a lot of people want this box, really badly which leads to some terrific page turning drama, and not forgetting a bit of comedy too. A great read, I was hooked and read it in two sessions!
Link to Clem's books is here. It's worth buying all three in the trilogy starting with The Armageddon Trade
http://www.advfn.com/ct.php?ct=NDI0NTM=
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
** Also now available for booking MAY 13TH **
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 open for the Naked Trader seminar on Friday March 25th
Price is £550 plus vat. There is an early bookers discount currently available although it is about to disappear given it's not really early anymore!
That includes three course lunch, coffees, snacks etc. There is an early bookers discount currently available.
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?
£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
There is so much bad news around the world at the moment it's depressing watching the news or reading the papers.
There's so much that even the Mid East crisis is knocked off the headlines.
What can I possibly say about the awful events in Japan?
All our hearts I know go out to the suffering of the people. The money some of us may have lost on the markets this week is meaningless in comparison.
Let's hope the ticket touts really can't get their hands on tickets for The Olympics.
Touts really are the lowest of the low. You wonder really if their mark up is really worth them doing it for a living. I suppose it must be.
Wondering about getting some tickets, after all I live in London. Hmm, what to apply for? Athletics I suppose. Or maybe the football?
Saw Oscar nominated Social Network on DVD.
A really good and watchable movie so I would rent buy or however else you can get it!
Some very good movies this year... True Grit and Black Swan both enjoyable too.
Still hooked on Air Crash Investigation. This week's was about the amazing captain who landed his stricken plane into the Hudson River. Such a brilliant water landing, everyone survived.
Reason for the crash? A massive bird strike. Huge birds that had migrated and were flying close to the airport. Bad news? It's impossible to say it would never happen again.
But they have started tests on bird radars around the airports that need them.
Boardwalk Empire continues to be a great series on Sky Atlantic. But the number of ads! It's every 5 minutes, must record it instead of watching it live.
The spreadbetting firm I use for sports betting is here:
Via this link Open a Sporting Index account and there's £100 cash offer - 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
This is only my second email to you since last September's seminar, promise. Catching up on one of your archived diaries, for a laugh, I have to disagree with your comments re the royal wedding.
I am much looking forward to it. And Prince William was great in Christchurch last week at the Memorial Service, all my many friends living there have commented on his presence, some attaching photos they had taken! But do, please, keep writing and rambling.
You're allowed to disagree with me if you want. But I think the Royal Wedding is more of a girly thing isn't it?
I don't think us men are really that interested in the whole thing. But I hope you enjoy it, they appear to be a nice young couple and wish them all the best.
But it must be a little strange at that age that whereever you go, people wave at you and you don't see any real life..
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.
Malcolm writes:
A thousand thanks for the seminar, which I found both informative and inspiring. If I can keep my own psychology somewhere near balanced I can make steady money at this until I pop off.
I was particularly pleased to find your approach so simple. This chimes with Warren Buffet, who of course says,
'If calculus or algebra were required to be a great investor, I'd have to go back to delivering newspapers.'
It also confirms my own prejudice, and what my friends in the City have told me, namely, that the financial complexity is unnecessary, only there to bamboozle the unwitting public, and doesn't make it any easier for the City boys to make money. Hence nine out of ten funds haven't beaten the index in any four year period since 1914 (Motley Fool).
Thanks Malcolm. Glad to hear and hope you don't pop off just yet. I agree: simplicity is best and all the jargon tends to be just there to make the jargon talker sound important or that they know what they are talking about.
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!
Stephen writes:
I read your book and did the course - and I wasn't sure if I'd recoup the cost, it's been 2 years and I've made £38k + saved a loss transferring a Jupiter ISA heavily invested in BP. I can't tell you how important this is or how grateful I am. That's just me, who knows how much people have made with your help and saved by not making mistakes. I wanted to get into shares as they recovered after the crunch, but I assumed I had to put a large amount in one company I thought would make a big jump.
But what happens when you make £1m on the website, will you still do courses? I don't know how you do your ISA and SIPP investments, write the website, books, courses and answer e-mails. But please don't give it up. Couldn't you do the courses and have a standing website which gets updated with your trades say once a month so people can see what you do..
Stephen thanks so much for such a nice mail and much appreciated! Dunno about the future, I feel like I'm getting jaded. It's possible I might just reduce it all at some point to twice a month after going weekly - that would probably help. The other problem is other people's angst is getting to me and the email workload becoming overwhelming. I think after ten years it might be time for me to quit. Anyway good luck with your trades and hope you make a lot more.
I have 3 great offers from ADVFN.
ADVFN level 2 offer
First great deal: If you want level 2, though me it is only £305 for your first year including VAT!
This compares to £432 direct from advfn so this deal saves you over £120! 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 gives you access to all the market maker positions and the order book and I would not trade without it! More on level 2 in my book and I spend hours on it at my seminars.
ADVFN Bronze Offer
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.
Bronze is included inside the level 2 deal.
Advfn Silver Exclusive Offer
The deal is via me you can save nearly £30 for your first year by paying just £141 inc vat via me instead of £169.20.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.
Selftrade Offer
All online deals are just £12.50 with no funny small print. Charges for phone deals are higher, check terms and conditions. They also charge £35 plus vat pa for all accounts. Follow this link...
http://tinyurl.com/57hp4n
Markets
***** this
market is **** and it's impossible to *****
**** .
One minute it's
up then down then
all over the
place.
Arrrggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!
That's better.
First thing to say I suspect nearly everyone reading this has probably taken losses this week or at least lost some paper profits due the black swan event in Japan outside our control.
But remember: you still have a house (well, I hope) , money in the bank and somewhere safe to live. You're not in fear of your life from an exploding nuclear plant or radioactivity, or fearing another earthuqake.
You could have just had your life totally devasted like the poor souls in Japan who have literally lost absolutely everything.
So if you are upset about any losses, consider how great your life really is here in the UK and in reality the money you lost is irrelevant over the longer term as long as... you really were using money you could afford to lose.
And we should also be grateful that despite its faults, we live in a peaceful democratic country that doesn't have earthquakes.
I know I am very grateful, however dire our politicians happen to be.
Now you know why I as well as many others always repeat this (don't use money you cannot afford to lose) and why my books contain so many stories of people losing nearly all their money, often in the main because of overusing leverage.
Also the market for investors anyway, should be considered a medium to longer term thing. If you didn't sell at the top, consider whether your favourite company is likely to be higher by the end of the year.
I've certainly lost some great paper profits this week by staying in some things, but my thoughts are they will be higher, and in some cases, much higher later this year. So I'm pragmatic about it. And also I've lived through similar crises and lived to tell the tale.
And like the website I don't ever consider a profit a profit till it is well and truly banked.
Markets have surely tumbled more than they should have if there weren't so many robot traders and leverage trading on CFD's and spreadbetting.
With I suspect so many investors and traders having overleveraged or borrowed money to trade they didn't have, the whole situation has been made a lot worse.
Margin calls will have forced many to sell most of their holdings, the good with the bad and so the good gets hit indiscriminately.
There's so much fear about at the moment. But remember when the papers and the TV says "fear of"... it is just fear. It fills airtime and inches of newspaper space which lots of lovely drama which gets bigger audiences.
I absolutely hate getting suckered into selling stuff at the bottom of fear selling. I saw an interesting chart somewhere on the net, can't remember where showing how markets bounced back after a nuclear incident, and pretty much each time the market sold off heavily, and then after about 4 days it began a bounce. Also on each occasion after a few weeks the markets were way higher than when the sell off began.
So how did I handle the nightmare week so far? Well, I tried to keep my nerve and hold onto what I consider are my good companies with the help of some FTSE shorts and the 2x super short for my isa. I also shorted a few bigger shares and short-term made a decent sum.
I got a decent couple of grand with quick shorts on Fresnillo and Asos and another couple on some hefty FTSE shorts. These really helped me to hold my nerve. I chose Fresnillo and Asos just because they trade in the thousands of points so easier to get say 100 points of downside.
I'm not going to claim any of those profits here, they were short-term and this site is all about medium-term investing. I'm glad though I shut down a number of spreadbets before this happened and ended up with some cash on the side.
I thought the results yesterday from Capital Drill (CAPD) were excellent, good improving profits and a swing into net cash too and an excellent outlook so I bought 4,000 yesterday at 80. (Well actually 80.01 but if it's ok between us I'll ditch the .01)
Even better, it's bounced off this level before and looks good to me for a rise back up to at least 100p. Target 100 stop 73.
I think Capital Drill was unlucky to report on a bad day yesterday as its good statement just got passed by. However I think CAPD will gradually get rerated.
I sold Acal at 340, it didn't quite get into the smallcap.. for a profit of £398. I do like this one and would look to rebuy soon especially as it would hopefully get in in June.
I sold Encore at 112 for a loss of £180 as support had been around 115 for so long and bought it back at 102 where the value looked too good. Some smoke still around about a potential move for it from Premier.
I sold Macfarlane at 28.5 for a profit of £100. Just finally got bored of the non movement. And I sold Wood at 624 for a profit of £1,040. Actually kind of wishing I hadn't but there we are. Probably re-enter it at some point. XChanging went at 77 for a profit of £350.
Total profit banked for the site is £1,708.
To the rest, overall of course I've lost some decent paper profits but actually it could have been an awful lot worse so for now I feel it was just about ok to dump some of those spreadbets while in the main hanging onto the ISA positions.
Big shout (who do you think you are, Pete Tong to those shares that held or only fell a little during all this turmoil. To me it shows they are very resilient and makes me more determined to hang onto them for more gains.
Recent buy Alternative Networks never moved a muscle, looks good for more gains. Indeed rising again today, a lovely share. I think 230 likely here in time and with patience.
Volex managed a gain up to 290 but fell back again but still strong support at 250. The recent Dignity short is now in profit. The website ftse short at over 6100 is bringing home some profit.
Kofax held pretty well too but does need to conquer the 500 area. Dropped into the 480s today so need to keep an eye on it. It came up at a seminar about a month ago where I made quite a lot on it in my pension fund, buying at 350ish and selling at 470ish.
Micro Focus dipped and then rebounded. The short in Ocado goes well.
Dialight held reasonably well too. It said today its pension scheme has been bought out at a better price than thought which has given the shares a new lift. The website holds profits of nearly £40,000. In reality, as those who've come to seminars have seen, my profits actually way greater than this. I'd expect to continue to be patient and would hope to see a tenner maybe by year end. Potential as a bid target too.
Filtrona..so annoyed I never took the profit! Still, good support at 290 star mover is Xp Power has kept its value well and looks like it could take it to 2000! I bought this one at 164 a year and a half ago with a profit of £15,000 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!
Character Group surprisingly got hit. Not a clue why, maybe the Japanese buy a lot of toys? However I have stuck with it but in a loss now. I'd be surprised if it didn't go higher from here.
Yule at last looks like it has bottomed and seems very undervalued. Devro has moved smartly higher it produced another fabulous report and it remains a brilliant long-term bedrock with great profits already and I think more to come. Can it push through 300?
African Aura hit 300 but has come back since then. It's confirmed it will split into two separate companies sometime next month. Up more than £4,000 now and a lovely near trebler. I think I will stick with it. Continued excellent statements and possibly more to come. Indeed one broker is targetting 400 which would give me a four timer! However for now hope it can consolidate after its retrace. Up well today.
Entertainment One continues to be a star performer, it has got hit a little by the downturn but I suspect is is overleveraged spreadbet forced selling that has done it. Profits close to £5,000. It's raised some more money for acquisitions and it announced institutions have really backed the placing at 160. I would not be surprised to be still holding this one in a year's time.
Microgen has held its own throughout and some lovely profits of more than £20,000 for the site. What a lovely share this has been since I bought it live at a seminar at 45p. It hasn't budged during the turmoil/
Oil gamble Cadogan has risen quite nicely and sits a bit higher for now. Seems happy sitting in a 35-42 range for now. Waiting some news soon. Of course it is a gamble and could just as easily skid down as hike up.
Exillon showed great resilience in holding over the turmoil. Porvair too has held well wow, what a share that is proving and I've now doubled! It produced an excellent statement which produced profit taking - that often happens on even good results - but one to stay with I believe for more upside.
AZ electronic got hit badly and after being in a good profit now breaking even . The weakness looks overdone.
Telecom Plus is always a lovely share to have in a savage sell off. It It has made it onto the FTSE 250 reserve list. . Website profits are up and over £25,000. And it's starting to move higher again today. This is also my big dividend earner which brings me cash of more than £15,000.
The Vitec Group has held well. Petrofac has come back on middle-east worries but remains a core hold. Though easy for me to say that as I bought in the 350 area. Together with spinoff Enquest sees me sitting on profits way in excess of £30,000.
Well, who knows where we go from here? All eyes on Japan. But if it goes down much more at some point there will be a monster rally.
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!
****
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!