JANUARY 28, 2016
Something's up with Uranus
Next Website Update Tues Feb 16Th
***
NAKED TRADER 4
Click here to order:
http://www.harriman-house.com/book/view/1040/trading/robbie-burns/the-naked-trader/1317
**** New Seminar Date
ON MONDAY MARCH 21-
Feb 1 Seminar Sold Out
Email me at robbiethetrader@aol.com with "March seminar interested" in the subject line and I'll send you details. More details also if you press the seminars button above.
There's a decent early bird discount off full price.
(Follow up: poss follow up if you have been to a seminar before, a day of live trading with me, thinking Mar 14, mail me with follow up interested... depends on interest in it!)
New offer: £50 or £100 off Stockopaedia and free trial
I rarely do offers - Forex companies in particular offer me eyewatering sums. I turn all this down as I would never put out an offer for a company where I think my reader will 95% likely lose, or be taken for a ride.
Having had lots of mails from people using Stockopaedia and using it myself I am 100% confident.
Stockopaedia is indeed like a stock market encyclopaedia and a great place to scan for new shares to buy, check out fundamentals, discuss on a sensible bulletin board. Each share gets a ranking, you can use "guru" screens to find shares, there is even a stock screen loosely based on my criteria! There are strategies based on ideas from top investors.
There is lots more really fantastic material and I believe access should help investors and I now use it myself.
For your £50 discount off UK sub or £100 off USA
sub and free 14 day trail you need this link:
www.stockopedia.com/nakedtrader/
Next Update Tues Feb 16Th
Anyhow I did book the next date, March 21st at Heathrow so come back to me if you want to come to that one instead. I know it is a bit of a way off but time fiies.
Can't wait for Monday's event and to meet some of you readers, I hope you enjoy a great day, best days are when the market has fallen and I hope we will explore some of the great bargains out there at the moment. And of course I have ideas on what to do should the market tank further.
I hope also we have plenty of fun, there is a great lunch lined up, loads of fab snacks, coffee and tea whenever you want, choc waffles made to order and some surprises. Thanks to those of you who sent in your questionaires and were so honest.
Doors open 9.30 for 10am start.. I'll be sending all of you an email tomorrow with final details. See y'all there....
We just passed the most miserable week of the year...
Apparently the last week or so is when everyone feels p - off. Credit card debt comes in, bad weather, horrid stock markets etc.
As a home worker I'm not usually bothered by it though I do hate the cold and if I didn't have a son of school age I'd be in Dubai or South Africa November- March.
The next door neighbour here has a house in Kenya and he's away for the winter and here for the summer, good on him.
Anyway for me it was a week of .. annoying irritating little things going wrong.
Like... my computer deciding to become very noisy all of a sudden. Having been through this before I decided to buy a new one, they only seem to last 3 years. It'll do as a backup now.
So that was annoying. Then on trying to buy a new one online payment wouldn't go through.. had to call the bank and the store.... etc etc...
Then I got into the car and the battery had died..... The dentist said my twix eating habit was going to cost me as I needed a tooth out and two false ones inserted at the price of... go on.. guess.... I'm not kidding.... £5,750 ! He'd give me a 5pc discount for payment up front...
I switch the heater on and all the power in the house decides to go off... Get a cuppa tea and discover the Twix I was saving has been lifted by the cleaner. Or my son. Both major suspects. Twix Gate.
One of the elderly folk I call for a charity to relieve their lonliness cuts me off quite quick on a call saying he's suddenly a bit busy.. (Am I that boring that a lonely old guy wants to cut me off?)
The Mrs says: "You know that piping I got done in the bathroom, just got the bill and it's (think of an eyewatering sum). I thought piping was to do with the pipes. Turns out it makes part of the wall look slightly nicer.
I wrote half my website update which honestly (sorry readers) I didn't fancy doing, wrote it on an email, went out for a cuppa, came back and my computer had decided to have a nap, switched itself off losing my work.
Still at least it wasn't the new book, that would have driven me crazy..
The really hard to replace light bulb caved in. Then my camera decided to refuse to download the pictures from Dubai, I could go on...
My astrologer friend tells me my mercury is in retrograde. Feels more like something is up with Uranus to me.
Anyway hopefully January will bugger off soon!
Something strange is going on in the house.
My speedos keep going missing. I can't understand it. Yet standard
swimming shorts seem to remain where they are. I think I cut a fine
figure of a man in speedos at the pool.
I mean, I guess some women would consider men in speedos look pathetic but that's the slobs not fine looking figures like me.
I don't suppose the disappearance of speedos could be linked with certain comments made my the Mrs about older men in them? She didn't mean me surely....
I also noticed my trakkie bottoms are also hard to find. I mean, frankly who would bother with trousers unless it had to be worn by the suckers who have to go to work?
Would you wear trousers at home when you could be wearing a lovely pair of elasticated branded trakkie bottoms? Of course not!
I am going to have to do some detective work. Perhaps the cleaner has been up to no good. I already know she's a fun size Twix thief ... I turn a blind eye to that, it's a hard addiction to kick.
We're off to see the movie The Big Short on Saturday, all the news on what it is like next time!
If you would like to come to the next seminar the new date is March 21st- there is an early bird discount on offer, so please claim it.
Mail me at robbiethetrader@aol.com with "Mar seminar interested" in the subject line.
Beginners and improvers welcome! Come and spend the day with me, the markets and some lovely people - and of course, lunch, lots of sugary snacks, and even live chocolate waffle making in the teabreak!
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!
Here's some feedback from from "D"
'It's obvious from his site Robbie Burns is a good market analyst and shrewd stock-picker. He is also a highly opinionated commentator on everything from TV shows to food. Therefore I expected his seminar to be 75% entertainment, 15% general exposition for beginners and-- if we were lucky-- 10% of something I could use to help me invest. But I could not have been more wrong.
The opinions on food and politics etc. though genuine, are I believe a bit of disguise or misdirection for there is a real touch of rebel genius here. And in the seminar, which is 95% hardball, he actually takes you candidly right into the mental process involved in his successful trading, making it a pretty amazing display, even showing his own investment accounts right there on the screen. You can see at once why so many of us are merely stabbing in the dark with our investments.
This is a genuine coaching session in how to trade like him if you put in the graft. I have only bought one stock since, as I am waiting for the tools he recommends, but I got the price down by using his tactics and I cannot recommend the seminar too highly if you are going there to learn. It must be taxing on him to let us at such length and in such detail into the process, which has made him so much money (for--unlike so many other so-called experts the seminars are not a day job). My advice therefore would be to sign up for this while he is still prepared to do it.'
****
When I left my full-time job to trade it really helped having another income: this I got from part-time selling energy and phone services to people and getting a cut of their use of their home services forever! I still get enough from it now to pay all my bills. I am a great believer in multiple incomes and this is a great one in my opinion as anyone could do it.
If you'd like a second part-time income click here
http://www.utilitywarehouse.org.uk/237058/opportunity
This will explain what you can expect to earn and how it all works. If you sign up there you'll be under my wing. Any questions just mail me and if you sign up please let me know.
Get My Updates And Free Lightbulbs Fitted For Life
All you have to do is take a phone or energy service from the Utility Discount Warehouse you can order at http://www.jointheclub.org.uk/237058 - let me know if you do it.
Become a double gold customer and the company will change all the bulbs in your house to new led ones worth an average £500 and continue to fit them free for life!
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!
Prices are guaranteed lower than the top 6 suppliers for energy and lower for mobile, home phone and broadband with some amazing prices and great service from a UK call centre.
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 Capital Spreads offers a great book on how to spreadbet for readers via this link http://www.capitalspreads.com/ntrader
Its spreads are surprisingly tight and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset. A super site for beginners.
I use IG Index for betting on the very small companies, the only spreadbet firm I can find that does the smaller ones making it possible to trade AIM cos tax free.
To sign up and get an excellent weekly education programme use this link:
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 £145 inc vat via me instead of £173.71
Just mail me for full details if you'd like it with "silver" in the subject line.
Naked Trader Seminar Latest News
(FEBRUARY SOLD OUT)
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 March 21.
Price is £650 plus vat. However as it is miles away there is a substantial early bookers discount on offer. Mail me for details.
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 "Feb 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!
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?
Capital offer
Its spreads are surprisingly tight and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset. A super site for beginners.
I use IG Index for betting on the very small companies, the only spreadbet firm I can find that does the smaller ones making it possible to trade AIM cos tax free.
To sign up and get an excellent weekly education programme use this link:
If you like to trade the FTSE, Dow, or currencies then Spreado has an outstanding tight 0.8 spread - that is incredibly tight. The platform is very good and robust and have used it to great satisfaction and profits.
You can sign up at this link which includes a decent market commentary:
http://www.spreadco.com/nakedtrader
Naked Rambling
How is it possible not to score when there was so much to have a go at Cameron about?
He had six penalty kicks to take and dribbled his balls away from the goal.
Labour is like a school where the head has left and the supply teacher is in charge. The kids are out of control.
I guess a bit like the Hatton Cross jewellery gang who had one last heist, the old gits in Labour are in the same position - one last job. I suspect secretly they are having a bit of fun.
I kindly watched Bake Off with the Mrs last night. This was a big concession on my part as I only like shows with plenty of sex and violence in them.
Cameron's wife turns out to be a decent sort. You can quite imagine her as deputy head girl at school. Very likeable - the only thing she let slip is Dave disappears when there is washing up to be done. See, he is like a normal bloke and we are all in it together...!
At last someone agrees with me that it is time to do away with 80% of traffic lights!
A respected think tank reckons lights cause economic delays of uo to £16 bln a year. They also increase pollution.
Studies show in countries where lights are being axed there is also a fall in inujuries and accidents when space is shared.
Drivers take more care and without lights traffic flows better.
I would also do away with most street furniture and signs - where this has been done again we get the same results.
Let's clear the streets of all this silly local government clutter. Out with lights! Out with signs!!!
We all know women own at least 200 pairs of shoes. Astonishingly men own an average of 9 !!!
I have one pair. I only wear them if I'm going somewhere they might chuck me out for wearing trainers... I might dig them out for the seminar on Monday as my trainers are a tad muddy at the mo...
The new Dad's Army movie is about to come out and I wonder if it is any
good. I bet it isn't.
After all the TV series was brilliant, did they really have to remake it?
There are good actors in it so maybe it will be ok but I'm going to avoid- why watch a fake when the real thing is still out there to be enjoyed.
Come on filmmakers come up with some new stuff!
The dearth of anything decent on TV continues.
Two bright spots though: deutchland 83 is a fine piece of cold way spy going ons with a sense of humour.
And Norwegian drama "Occupied" continues to occupy the attention
Celeb BB has tailed off, all the interesting oldies have gone leaving the young,, horny and tedious left. Time to wrap it up.
I've had a bet on Darren to make it into the top 3 though.
Better Call Saul is back on Netflix shortly though and about to to try Making of a Murderer as apparently that's good.
Good place for spreadbets and fixed odds for sport is here...
http://www.spreadex.com/nakedtrader/sports
Good quick execution of bets and a great range of markets. Recommended!
Naked Mail
Dave writes :
I agree with comments about Dr Who and Breaking Bad. I used to enjoy Dr. Who years ago but I think it's worn out, it's all about celebrity now, like everything else on telly.
I recently was enjoying the Sopranos a friend let me borrow (fascinating story lines) and my son Rob in Australia (an irrelevance to you of course), he said if you like Sopranos you'll love Breaking Bad. Wow was he ever right. I got the full set from Amazon (apart from the last season). I'm having to eke it out it's so brilliant I don't want it to end, that's the sad bit. What about the uncle in the desert in the wheelchair with the bell strapped to the arm of the chair, the missus and me just fell about and many more just brilliant set ups dragging out every emotion.
Agree Dave, love Breaking Bad. Only five to go for me and I won't spoil what happens for you except it gets more and more addictive!
Gary writes :
"For throwing your heart, soul and energy into one fact-packed, full-on and exhaustingly educational day: FIVE stars with no hesitation!!
Met some really nice people too - like me, nervous that it was the most we'd ever spent on a whole day of anything (had we made arses of ourselves?) But no one felt short-changed, especially when you were still going strong when we all wanted to go to bed! One of your delegates, Susan, back for a second time, said to me unequivocally, "you will go away absolutely inspired." I can't disagree.
Thanks Gary, hope you make some money!
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.
Gabriel writes:
If you are reading this, you are perhaps considering going on one of Robbie's Seminars. You maybe asking yourself (like I did) the testimonials are all well and good but once the euphoria and excitement of attending a Seminar has died down ..... and I am back home in my normal routine and faced with the "graft" of putting it all into practice... will I become a better trader and be financially better off?
Let me tell you that in my case it certainly has!
Book your place pretty sharpish....... is what I say !
Thanks Gabriel!
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!
Dan writes :
'It's obvious from his site Robbie Burns is a good market analyst and shrewd stock-picker. He is also a highly opinionated commentator on everything from TV shows to food. Therefore I expected his seminar to be 75% entertainment, 15% general exposition for beginners and-- if we were lucky-- 10% of something I could use to help me invest. But I could not have been more wrong.
The opinions on food and politics etc. though genuine, are I believe a bit of disguise or misdirection for there is a real touch of rebel genius here. And in the seminar, which is 95% hardball, he actually takes you candidly right into the mental process involved in his successful trading, making it a pretty amazing display, even showing his own investment accounts right there on the screen. You can see at once why so many of us are merely stabbing in the dark with our investments.
This is a genuine coaching session in how to trade like him if you put in the graft. I have only bought one stock since, as I am waiting for the tools he recommends, but I got the price down by using his tactics and I cannot recommend the seminar too highly if you are going there to learn. It must be taxing on him to let us at such length and in such detail into the process, which has made him so much money (for--unlike so many other so-called experts the seminars are not a day job). My advice therefore would be to sign up for this while he is still prepared to do it.'
I have 3 great offers from ADVFN.
ADVFN level 2 offer
This compares to £ 567.60 direct from advfn so this deal saves you £147.60! 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 £35 for your first year by paying just £174 inc vat via me instead of £208.43
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.
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. This includes asking me what to do with a share, what I might "think" about a share, or deconstructing any of the buys I mention here. I would be grateful, see FAQ for more on this. Of course more than happy to answer general questions not related to specific shares.
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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
New offer: £50 or £100 off Stockopaedia and free trial
I rarely do offers - Forex companies in particular offer me eyewatering sums. I turn all this down as I would never put out an offer for a company where I think my reader will 95% likely lose, or be taken for a ride.
Having had lots of mails from people using Stockopaedia and using it myself I am 100% confident.
Stockopaedia is indeed like a stock market encyclopaedia and a great place to scan for new shares to buy, check out fundamentals, discuss on a sensible bulletin board. Each share gets a ranking, you can use "guru" screens to find shares, there is even a stock screen loosely based on my criteria! There are strategies based on ideas from top investors.
There is lots more really fantastic material and I believe access should help investors and I now use it myself.
For your £50 discount off UK sub or £100 off USA
sub and free 14 day trail you need this link:
www.stockopedia.com/nakedtrader/
****
NEXT UPDATE TUES FEB 16
I'm totally engrossed writing a book on trading psychology. Hours go by and writing it and reading stories and other stuff and I am fascinated. I have a deadline of Monday week (15th) so hoping to make it! That means I won't be updating on the Thursday as usual - next update will be Feb 16th when hopefully the new book is done!
it seems to me now there are certain types suited to trading and certain types aren't - and women are generally MORE suited to it.
Thanks so much for stories you have been sending me -
Your trading mistakes, failings, mishaps and why all welcome and also if you fixed certain things that were stopping you from winning.
Anything on why your brain stopped you, or whether you figured out something about your own personality..
Free copy of the book if I use your story, please send to me at robbiethetrader@aol.com with "story" in subject line. Please include your postal address if you want to be considered for free book. Entries deadline Feb 13th.
Once it is finished I'll be posting bits on pieces here in advance till it is published. Next after that is an update on my Spreadbetting book and then.. my debut novel (fiction comedy-thriller).
Hopefully all three will be coming out sometime this year.
Crazy volatility continues on the market and it seems to hinge on the latest oil price or China or whatever it is people want to gamble on or not.
If you're in reasonably good companies there doesn't seem much need for panic and I've been using FTSE shorts and ETF's in my ISA (see my book chapter What to do) for more information on how I handle a market downturn.
All in all during a tumble it seems best to concentrate on not losing too much capital rather than expecting to make much.
A mix of covering shorts with judicious buys on weakness seems the way to go.
Volatility seems to drive even the most sensible crazy as they start overtrading, trying to second guess what will happen next, crazily trading indicies up and down or buying gold. Selling up in a panic, even good stuff.
Remember newspapers, twitter, and the rest of it all sell on fear.
Panic and selling everything on that is crazy. A bit of short covering is fine but there are also lots of bargains appearing all over the place. I have taken
profits on most of the shorts for the mo.
Way too many bargains actually and the weakness has made me feel quite contrary and I've been buying. You might remember I have loads of cash sitting and waiting and I spent a bit of it in the last few days.
I made a lot with trades on Pets At Home (PETS) last year and definitely time to get in on market weakness.
We're about to get a new kitten and pet owners like me will simply spend whatever it takes on our pets!
I've bought quite a few in fact and I'm interested in a run up in these
shares back up to the 290p area where they got to before. There doesn't seem to be an awful lot of downside from here.
It's a good time to pick up defensive shares (ones that should keep up in a down market) so I picked up a couple.
The management behind Tritax Big Box (BBOX) really seem terrific. A great business, even one that is relatively safe in choppy markets - it's a real estate investment trust but you buy it like a share. Its big thing is to return fantastic dividends (at the mo 5 pc plus)
If you had held this last year overall which I did in my sipp as a safe one you'd have made more than 20%. Not bad,
So hoping in 2016 for 20% including dividends!
it lets warehouse space to big companies (like Tesco) on long-term leases so there is good visibility on earnings. The price tends to be based around the net asset value.
It did a fund raise this week and I get an extra one share for 11 held at 124. BBOX shares go ex dividend on Feb 11 th for 3p so expect a 3p drop on the open that day (beware stop losses!!)
Also on a similar theme ESP pays out a lovely dividends and I topped up on that. Traders seem to ignore these types of shares, considered boring. Well, if you consider 20% over a year boring good luck with finding that elsewhere.
Now going anything but safe!
I've bought a few FXI after a massive tumble.
I had a few still knocking about the Isa from years ago and frankly as they hadn't moved for so long I'd forgotten about them. But noticed a statement which seemed fine and I took no notice but then the shares tumbled, I was a bit late
and ended up with a loss of £232 and profit of £757.
But when they went down to the 120p area so much was knocked off the market cap it seemed worth the risk of buying. Worries are over cash collection. I am not clever enough to know anything about balance sheets.
But at this very low price and with directors buying it looks worth a try, bearing in mind it might be higher risk. I'd probably sell up if it did another big lurch down but for now looks more reward than risk.
There's a full page feature in Shares today on why they think FXI is a buy at these levels. They reckon the cash collection worries are a red herring.
Less risky I bought some Xaar (XAR) which seems to have come down to a reasonable entry point. Bought a couple of times, best price was on direct market access (we'll talk about this on Monday for those of you coming to the seminar).
It's around the prices I got today. It's come back from 550 and that's what I am targetting. It's in an interesting sector and in particular I like the big cash pile - £70m which it could use for new acquisitions. Its packaging revenue has offset China weakness and inroads into 3D printing could pay off.
So I'm in for a potential ride back to the 550 area, possibly could stay with it longer-term. Obviously if the market melts down I'd take a small loss and try another time. The spread is wide and trying to buy another 1,000 at the sell price right now! No luck so far.
I added a new lot of NCC (NCC) - it is in the hot area of security and I think this one could have a great 2016, I have now stacked up on quite a few including in spreadbets and expect to hold for some time to get the best value.
it's been buying up other companies and at some point hoping it will become a bid target itself.
After banking many thousands of profit on Iomart (IOM) I bought some new ones on the market meltdown weakness. After selling a load at just under 300p, a price in the low 200s becomes tempting for a potential ride back up to 300p.
And I made a (probably) final buy on Paysafe (PAYS) Now my biggest holding, unless there is a meltdown this position should continue with a good long-term view for eventual buyout.
I bought Goals on the thought that Mike Ashley had bought in and so perhaps he might be wanting to take it over.Well, that was the thought but the actual statement wasn't very promising so I took a loss of £720. I gave this one too much space and actually could have taken a good profit on it earlier. Feels like a loss of 4-0 on that one. Still, being a Fulham fan used to losing on football!
I sold some of my Kainos and that went for a lovely profit of £3,000. I will probably buy the sold ones back. RBn was falling in the run up to a statement which can be a bad sign so exited with a profit of £175.The report was mixed, looks like a potential buyback at a lower price
QTX has seen strong updates all the way, I topsliced a little to bank a profit of £3,626. Only reason for the topslice was I was getting a touch over heavy on them.
Elsewhere shares in the portfolio have been bouncing up and down with the market, in these conditions I tend to try and stay put if I can. Most have lost a bit of ground but nothing to be especially worried about yet and a hefty short has brought in some profit to cover.
So there isn't an awful lot to say.
ETO continues to be a disappointment. Some rumours one of the bigger shareholders want it to put itself up for sale. Cyprotex seems on the move back up.
Those holding up well include mcCarthy and Stone which proved a lovely recent buy and is near highs. Paysafe and Worldpay bobble up and down in tune with the ftse.
A shout for unsung hero Renew, another great statement, shares are near highs and profits for the site are over £20,000.
So for me right now, relaxing with feet up and see which way things go. If the FTSE sinks below 5700 ish, 5500 is the next stop, below that the feet might have to come down to land some more shorts and some topslicing
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***
If you like to trade the FTSE, Dow, or currencies then Spreado has an outstanding tight 0.8 spread - that is incredibly tight. The platform is very good and robust and have used it to great satisfaction and profits.
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***
I also use IG's spreadbetting service too along with other firms. Great execution of trades and nice trailing stops which to me is a pretty sensible way of trading. Also with this link there is an excellent education programme and it offers the biggest range of smaller shares.
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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.
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E-mail subscription service
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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 in the diary under Markets every other Thursday afternoon.