OCTOBER 29, 2010
Talking turkey
** 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
**
Blimey it's been a tough morning playing hide and seek.
Takes me 15 mins to find him and it takes 15 seconds for the 5-year-old to find me. Gotta love half term!
Hold on, I'm coming.. ready or not .... (that sounds rude for some reason and I can't quite put my finger on it...)
Once again apologies to those of you I had to turn away this week because the November 26th seminar got sold out all of a sudden.
However it appears most of you can make the Dec 13th overspill event I booked instead which is great.
As a consolation I'm going to attempt to fix up a Christmas lunch for the Dec 13th event!
(Maybe a glass of something as well though maybe not a good idea to get your audience p***** too early - could encourage heckling).
If you'd like to come the Xmas seminar on Dec 13th then there are details a bit lower.. come and have a fun and hopefully instructive day with me.
Talking Xmas lunches...
"Which Xmas day menu do you fancy?" asks Mrs NT.
Who is remarkably already organising our stay in South Africa. Lucky she is because if it was left to me I wouldn't have organised anything and we'd end up at a takeaway for Xmas Day.
We're off for pretty much the whole Xmas holiday, we're off on Dec 14th and not back till the new year. Ah, sun and warmth and light and no cheesy TV shows. Fab!
Hmm, so which menu? Should I go for the Yellowfin? The beef? The really posh restaurant or the informal one? Or shall we go for the hotel menu and then wander down the beach in the afternoon?
Decisions, decisions. Of course (trying not to make you all jealous tee hee) it's hard to remember it will be a summer's day so maybe go for something light.
We've had a lovely half term and it's been fun having Christopher around.
It's slightly scary the way he's getting to know all about the computer. He's not even six yet and he's already saying things like "google it". How scary is that? He's already more adept on a keyboard than I am.
Still, I guess he's my upgrade and soon I will be redundant. Oh well, nature must move on.
We had a fantastic night last night.
We went off to the opening night of my sister's new show. She owns 5 West End theatres and obviously if she gets a good show in, the money rolls in!
And this one - at one of her theatres - the Garrick is really really entertaining - it runs till February.
It's "To Be Married" by JB Priestley and is a fabulous old comedy which is a stream of laughs from beginning to end.
Plenty of famous faces in it like Maureen Lipman and Michelle Dotrice - but star award goes to Roy Hudd who is brilliantly funny.
It's one of those plays where you can relax and not worry about plot and what's going on. Really relaxing night out.
So if you're coming to London for some shopping one weekend book it! It's at the Garrick Theatre! Wonder if I'll get any commission from my sister?
The Times gave it a very good review this morning so it looks like the punters will flock in till February.
My sister laid on a very good beer, wine and pizza party afterwards though of course we couldn't stay too late because of the babysitter.
Reader Kristian is raising money for prostrate cancer - I donated £50, why don't you if you can afford it, here's the link:
http://uk.movember.com/mospace/669540/
It's something all men can get very easily and I'm moving myself into the age range where it could affect me.
Give a little something if you can.
Thanks for the continued feedback on the last seminar. I'm really glad to read some of you are already using some of the techniques I showed you.
As I mentioned above, the Nov 26th seminar is sold out - if you want to go on a waiting list for cancellations let me know - however I have booked a new date which is Monday December 13th - The Xmas Seminar!
So if you missed out on Nov 26th this seminar don't despair!
Booking now open for December 13th so mail me for details at robbiethetrader@aol.com with "Xmas Seminar interested" in the subject line.
Those of you booking at this early stage will get a very generous early booking discount!
Beginners and improvers welcome! Come and spend the day with me, the markets and some lovely people - and of course, lunch! Hey, maybe a Xmas lunch, turkey etc!!
If you mail me I will then send you details and a full agenda of what is covered. Also more details below somewhere.
My seminars are designed for beginners, dabblers and improvers and deals with everything from how to look for winners, how to research, spreadbetting, level 2 use how to time trades and short, how to use advfn properly and run your portfolio without having to spend money on systems and tipsters.. and tons more.
A lot of the day comes directly from the live markets and I show you many of the tricks I use to get good prices live. And there might even be the odd live trade or 2!
**I'm now taking bookings for the technical analysis seminar on Sat Dec 4th with top trader Susan Marmor and myself. Learn to take the emotion out of trading by using simple TA techniques... you must have been to a previous seminar of mine to qualify unless you can persuade me you are already a reasonably experienced trader... Mail me at robbiethetrader@aol.com with "TA seminar interested" in the subject line.
An interesting email from a reader. The thrust of it was he was going to buy a share after doing a lot of research but then it went up 12% and he hadn't bought it yet. So he felt angry.
How does he stop/halt the feelings of anger?
Well, you have to take the emotion out of trading. Which isn't easy.
I suggested he should read this book.. by Jason Zweig
http://books.global-investor.com/books/256158.htm?ginPtrCode=10453
This is the one to read on psychology. Great read.
Fancy getting the naked trader updates direct into your inbox? And a bit before it gets updates on the net including news from my pension trades made from my SIPP?
All you have to do is take a phone or energy service from the Utility Discount Warehouse at www.telecomplus.org.uk/fabdeal.
I get some commission and you get the service! On top of that you ought to make some amazing savings on your phone, broadband, or energy use or all! There's even an internet phone where you can make free calls from wi fi hotspots!
Prices are guaranteed lower than the top 6 suppliers but even better you can get huge discounts on your energy/phone bill if you shop at places like Marks and Spencers, Boots, Sainsburys and a whole load more. 5% of your spend comes directly off your billl. Many are saving a fortune from their energy bills.
So save a few quid, and get my stuff in your inbox! A win win? Mail me at robbiethetrader@aol.com with "mail service" in the subject line and I'll send you details.
Spreadbetting firm Tradefair Spreads has upped its offer exclusively to Naked Trader readers to a £100 credit. This offer is exclusive to me and not available anywhere else...
I've been using them for a few weeks to check that I'm happy with the service. As you know I don't take ads or allow referrals on the site unless it's a company I've used and I feel confident about.
What I like about it is it's easy to use, spreads are surprisingly tight on the smaller companies and interestingly an automated stop loss is applied to each trade - so beginners know what their max loss is from the outset.
Anyway they now offer a £100 credit as long as you deposit £100. You get the credit after you placed 5 trades (Terms and conditions apply)
If you'd like to apply for an account with Tradefair Spreads and get the freebie click this link:
http://www.tradefair.com/promo/spreads/nakedtrader100/
The number of emails to me is nearly reaching saturation point and I'm struggling! I'm getting 100s which is lovely in a way but killing me in another.
The main problem is the length of some of them, indeed some run to the length of novels, so, please, help save my eyes and please keep mails to under 150 words.. you can do it! It's close to the stage where I am going to have to say I will answer all mails but those over 200 words will get deleted. Keep them short and sweet, please!!
Also, it's possible the answer you seek from me is already in FAQ's. And do remember I can't discuss individual shares with you as it would be classified as investment advice which I'm not authorised to give.
Many of you enjoy the cheap advfn toplists bronze deal through me as do many of you with the cheap level 2. However many of you say you want a half-way house to include real-time share prices always on.
So I'm pleased to announce I've managed to seal a new deal with Advfn for its "Silver" service - that's always on real-time share prices for a good saving (Bronze toplists etc are included in this).
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me for full details if you'd like it with "silver" in the subject line.
They've just re-published "The Zulu Principle" by Jim Slater who's written a 2008 update at the beginning.
This is a brilliant classic book. Reading this is a real pleasure and it was a great idea to republish.
Jim believes like I do the best gains can come from smaller stocks and in an easy to read style takes you through how to evaluate smaller companies that are about to become bigger ones - he uses some excellent examples.
Really this is a must read for all more longer-term investors or anyone looking to grow their money... a number of you have also written to me about this book and praising it.
Here is the link to buy it:
http://books.global-investor.com/books/167207.htm?ginPtrCode=10453
Here's a very topical one: The Little Book of Bull Moves in Bear Markets by Peter Schiff.
The book is all about how to keep portfolios up in a down market. He focusses a lot on how to play commodities and win with some sensible advice especially on natural resources and precious metals. He is very much a realist and there is no rubbish here: some straight talking and some interesting strategies.
Everyone who invests should think seriously about keeping portfolios up in bad times so this book should be read.
Well worth picking up at this link:
http://books.global-investor.com/books/271958.htm?ginPtrCode=10453
To order my new book Naked Trader 2 for next day delivery click this link... or the cover of the book top right!
http://books.global-investor.com/books/27120.htm?ginPtrCode=10453
Several people have asked me for a recommendation on a book which shows how to study accounts in a reasonably easy way. The one I like the most is http://books.global-investor.com/books/15717.htm?ginPtrCode=10453 by Robert Leach. Ten crunch questions to ask before buying any company.
It' s a decent easy-to-read book with several key chapters and it's highly recommended. It's one I keep and dip into from time to time. To order, click this link... http://books.global-investor.com/books/15717.htm?ginPtrCode=10453
The best book on charting and easiest read on the subject is http://books.global-investor.com/books/15618.htm?ginPtrCode=10453 by Alistair Blair. Click here -> http://books.global-investor.com/books/15618.htm?ginPtrCode=10453
Another good one is the second edition of http://books.global-investor.com/books/23792.htm?ginPtrCode=10453 by Peter Temple. Included in this one is how to use spreadbetting, CFD's warrants and trackers to reduce risk. And there are some decent trading strategies too.
This is an excellent book for new investors and also experienced ones. It explains all the things you may not be sure about in the markets and will explain the tools that are there. To order The Investors Toolbox by Peter Temple (new edition) click the following link for delivery in 24 hours... http://books.global-investor.com/books/23792.htm?ginPtrCode=10453
Naked Trader Seminar Latest News
(NOVEMBER 26TH SEMINAR NOW SOLD OUT - SORRY)
Fancy spending a day with me, learning all the ways I have learned over the years to find good shares and play the markets? Well, you can at one of my seminars!
Booking is still open for the Naked Trader Xmas seminar on Monday December 13th
Price is £495 plus vat. However right now there is a generous early bookers discount!
That includes three course lunch, coffees, snacks etc.
The seminar is mainly aimed at beginners and dabblers though improvers are welcome too.
Topics covered using live market feeds all day include: Market psychology, level 2 - a simple guide to how to use it for better timing; how to value companies; finding companies that are about to rise. I will also cover techniques for handling events such as the recent meltdown and volatility.
Spreadbetting: How to use it to gain an edge and go short. Market makers - how they work and how to beat them; how to stop losing money and make it instead and plenty more.
How to plan trade entries and exits - how to research companies and understand reports, plus all those niggly questions you always wanted to ask. How to set stop losses and targets. Charts and how to use them.
Also covered: Market maker tricks: How to spot tree shakes and use them in your favour, How to tell when NOT to buy a share. I use live ADVFN all day with lots of level 2 and looks at all kind of live market data.
The idea behind the seminar is SIMPLICITY. I don't use jargon or fancy words - everything is in PLAIN ENGLISH! No question is too stupid and the event is held in a friendly relaxed and supportive environment.
The idea is you will come away from the event I hope a wise and better investor with lots of new ideas. I try and translate complex topics into easy bite size pieces. I also aim for it to be entertaining as well as instructive.
If you are interested please e-mail me at robbiethetrader@aol.com with "seminar interested" in the subject line and I will send you full details of the event including comments from those who have come to previous seminars and you can then decide whether you would like to come. See you there!
One seminar attendee Clare wanted to write a testimonial about her experiences at the seminar which follows now!
"I've just come back buzzing from one of Robbie's seminars. What a day! He's just brilliant, and manages to pack an awful lot into one day, and with his enthusiastic and humorous delivery the day just flies by. There are no gimmicks, no sell, no "˜get-rich-quick' promises, just his own solid, sound approach which he has learnt over the years and which works.
He shows you how to minimise the risks and maximise the profits and points out the banana skins on the way. Where the seminar really comes into its own is when he teaches using live level 2. Hearing him talk through his thought processes and reasoning is invaluable, and really brings home everything from the book. He has endless patience answering peoples' questions, and really seems to care that everybody understands.
On top of that, you meet some really nice like minded people and swap e mail addresses, you're plied with
chocolates and coffee all day, have a great lunch and spend the evening getting tiddled with Robbie in the
bar afterwards! You might even get to see the amazing crocodile boots . . . .
Don't worry about the cost, it's easily worth it, and you'll soon make it back with your new-found investment skills, and in what you're no longer losing. If you're thinking of going along to his next seminar, whether you're a novice or an experienced trader, don't hesitate ""just go!
Thanks Clare, did you want the tenner in cash, or will a cheque do?
Exclusive One Point Spread, £250 Cashback Offer
Still a massive response coming in for the sensational 1 point indices spread offer plus £250 cash back on losses - my mail box continues to be full of enquires - don't miss out!
I have arranged a deal with a spreadbet company that gives you just ONE POINT spreads on all the major indices and very tight spreads on everything else. A one point spread is just amazing and you can use it on the FTSE, DOW, Nikkei etc...
Not only that, I can offer those of you interested a fantastic £250 cash back on any realised spreadbet losses made within your first 8 weeks. That means you get back any losses up to £250 which could come in extremely handy.
If you'd like the details of this offer just mail me at robbiethetrader@aol.com with "£250 cashback offer" in the subject line. This really is a great offer which will have a limited lifespan so if you want it, get cracking!
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply)
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
Naked Rambling
Personally I'm more than happy to go onto special planes marked "I'll take a chance". There's just a basic check using quick scanners. That'll do for me, guv.
The continued silly liquid thing and the shoes and the laptops and the differences between airports are all mad.
They ought to start again with the whole thing and get a sensible regime going. The whole body scanners should do it anyway.
And they ought to train some of the security staff not to become power crazy the moment they get into a uniform.
Both the awful Moyles and Evans have lost shedloads of listeners. It's not surprising.
Both seem obsessed with themselves and talking about themselves rather than in what the listeners might want. Which is more music and less talking crap for hours on end.
I can't understand why both BBC stations have seemingly the exact same shows so there's no alternative.
I'm sure for example most radio 2 listeners would prefer something a lot gentler without a manic DJ shouting at them - some upgraded gentle relaxed humour would surely be better than the current offering.
Another fabulous Apprentice and it was obvious that it was time for loudmouth Melissa to take the bullet.
She's a very familiar type, I used to meet them when I was a boss and did interviews.
Totally full of herself and completely unaware of her own lack of any selling talent.
She really thought she was the bees knees of pitchers when in fact she's one of the worst I've ever seen.
Which does make great entertainment for us. But also it is a business lesson that you have to listen and understand what the customer wants. It was silly to try and sell garden equipment to Debenhams.
Looks like the understated Liz is going to win the show hands down. I wonder if I can get a bet on Betfair on it? Must take a look!
Haven't seen Mad Men yet so don't tell me what happened - going to watch it over the weekend!
You wouldn't want to be Wayne Rooney right now.
Looks like his Mrs continues to give him grief in Dubai. While she, er.. continues to tuck into £250 worth of chicken nuggets.
Let's hope he doesn't eat too many nuggets. If I were he I'd get onto the training ground fast. He needs to score on the pitch now rather than elsewhere...
The spreadbetting firm I use for sports betting is here:
Via this link Open a Sporting Index account and there's a £200 total goals offer (Or £100 cash alternative) please check terms and conditions which apply.
http://www.sportingindex.com/?tpid=6755
Do remember if you do bet you ought to treat sports spreadbetting as entertainment - and expect to lose! Also with spreadbetting work out what your max loss could be and make sure you can afford it! In other words if you say backed the favourite at 15 for a fiver and they come nowhere your max loss is £75.
Naked Mail
Not sure if you realise how great this quote of yours is:-
"...Good poker players are far more likely to make good traders than clever economist or accountants.... They don't realise trading is like a card game, it's you against others. Economics doesn't come into it"¦"
Oscar Wilde would've liked that one for himself. I hope you don't mind, I am now using it along side Warren Buffet's and George W's greatest one liners
Gosh well that's kind of you but I am no Oscar Wilde, or Warren B! I do believe it to be true, however!
Duane writes:
Wanted to say a big thank you to you and Mrs NT for an amazing day of learning and fun at your Septemnber seminar.
The way you explained the share trading from start to finish was understandable and really interesting, well worth the seminar fee!
It was great to hear such down to earth and honest assessment from a successful trader like yourself. The way you explained everything was good revision from your book and gave further insight into successful share trading.
I particularly liked your live trades and going through your accounts when you gave snippets of why you invested in certain shares and why you kept/dumped them. Also helpful was the way you searched for prospective shares and within minutes discounted them or put them on a short list for further examination and correct entry points. Amazing!
You could really tell that you loved doing what you do and your energy levels to keep going till 10pm was well....... I had to leave at 9pm I was shattered!
Thanks again Robbie I am keen to put into practice what you have taught me. Even though you make squillions from your trades and I am sure don't need to do the seminars for financial gain, but please keep doing those seminars for newbies like me!
Thanks Duane! Don't expect to be doing them foreever but very rewarding for me to help people so expect to carry on for a while longer.
Mike writes:
I would just like to thank you again for the great time at the follow up seminar and would like to report that thanks to your methods of teaching I have completely changed my investing style and since my first seminar a while back my fund is now nicely up which is a complete turn around from my day trading the FTSE days!
Mike glad to hear of continued success! It does take time to figure out what works for you. Some can make money day trading but it isn't for everyone and investing can be easier for some, including myself.
Terry writes:
Fantastic seminar.
I have always been sceptical of the public testaments you see on web sites
saying how great an event was. Now I'm one of those people!. I
genuinely believe that the tips and techniques as well as the overall
approach you demonstrated will radically improve my trading performance
Thanks Terry, well all the testaments are real but know what you mean and glad you feel it was worth it!
John writes:
Thanks for a great seminar last Friday, everyone I spoke to enjoyed it and marvelled at how you kept going so long; you certainly gave value for money.
If the seminar taught me anything it was how to trade in a more professional and detached manner. I realise up till now I was just playing at it.
Thank you once again for a fantastic day that will remain with me for the rest of my life.
Thanks John, though my wife sometimes complains I go on for too long.....
Advfn Level 2 Exclusive Offer
This compares to £360 PLUS vat from ADVFN direct (£423) so this deal saves you over £100! ADVFN level 2 also includes all the live trades made through Plus Markets which I find invaluable.
To accept this great deal just e-mail me at robbiethetrader@aol.com with "Level 2 offer" in the subject line and I will tell you how to get it. Level 2 for only £299 for a year (including vat), or under £25 a month!!
ADVFN Bronze Offer
Plus you get ADVFN's premium top lists which I talk about in my book and think are a must for finding great stock picks. That includes great lists like ex dividend dates, market maker buys plus chart breakouts and downs.
To take up the offer, e-mail me at robbiethetrader@aol.com with Bronze in the subject line and I will tell you how to claim the deal.
Advfn Silver Exclusive Offer
The deal is via me you can save £30 for your first year by paying just £138.06 inc vat via me instead of £167.47.
Just mail me at robbiethetrader@aol.com if you'd like this deal with "silver" in the subject line.
Selftrade Offer
All deals are just £12.50 with no funny small print. They also charge £35 plus vat pa for all accounts. Follow this link...
http://tinyurl.com/57hp4n
Markets
Next week looks like it could be a mad volatile one with all sorts of happenings over in the US. There are elections and some kind of decision on printing more notes.
Could be an excuse for a quick savage sell off - but I guess it could go the other way too. It's going to be brilliant for short-term traders, investors might need a hard hat. If Bennie boy doesn't go for it with more notes the market could throw a big sulk. I'm vaguely tempted to stick on a ftse short.
For the moment I pretty much stick with things but with a view to keeping a wary eye on next week which could produce some fireworks (gettit?) one way or another.
Entertainment One (ETO) was screaming at me to top up on so I did, getting a new lot of 4000 at 98. I discussed this in depth when first bought a couple of weeks ago at 84. It's trying to get through 100 at the moment and you often find shares that can close once or twice over 100 can zip up to 120 afterwards quite quickly. Target 150 stop 83. Its sales of shows to the US looks to be a winner.
Carlco (CAR) is another of mine that's been zooming up and I've done a devil may care top up this time with a spreadbet as my ISAs are fully loaded, got £20 on at 192. Making good money on this one now with buys in the low 100s - its new technology looks set to be a winner and I think it's not long till we get a re-rating up towards the 300 level. Great thing about this one is it's under the radar, when eventually the radar finds it, there could be a massive rise. Target 300 stop 170. It will be interesting to see if it can get through the 200p barrier currently sitting there.
I chatted about Betfair (BET) last time, wanting to short it as the valuation looked high. I took a chance in the end and shorted for a fiver at 1510. Target 1300 stop 1550. I don't feel the shares are worth more than 1300 but as I said last time that doesn't mean I'm right and they could still go up sharply. So really for now it's a very short-term trade with fingers crossed and ready to get out fast at a small loss if necessary.
And talking shorts as I mentioned when I took part profits on the Ocado short it was looking like time to short it again so I did getting a new £30 short at 146. Target 120 stop 155.
TT Electronics produced an ahead of statement but as the shares had run up already before the statement I took profits at 171 for a nice quick profit of £600. Looks a good growing company though and I'd be interested in getting back in after profit takers like me have gone! The Savils short has got stopped out at 325 for a loss of £100. Comme ci, comme ca.
I sold Promethean for a loss of £170. It produced a statement that was actually fine at first read and the shares looked cheap - but I sold rightaway because of slowing sales in the US which is supposed to be its major market. The company hadn't mentioned this before so despite some sales in Italy it looks worth waiting for the next report to see if sales pick up. Disappointing but almost always worth selling shares when question marks appear. Worth looking at again in the future though once the dust settles. Profits minus losses then work out at a profit of £330 for the site.
Star of the day goes to the recent trade in Hikma - up 40 points today on acquisition news - been a nice one so far and the rise looks set to continue.
Well, actually joint star with recently topped up The Vitec Group which has been rising all week and right now shows no sign of stopping - can it get through 600? I think 700 looks possible here for this underrated company.
Aggreko is down but looks like profit taking after a good ride as the statement was cracking - I shall carry on holding - still up 400 points and may top up if it weakens any more.
Xaar is down a tad on profit taking but still mightily up quicktime on it.
The recent sell and buy back in Zotefoams has worked out nicely so far.
Davis Services Group short is into profit and Ocado begins to slip which is good for the short I have left in it.
Cineworld consolidates nicely after its Toy Story 3 inspired gains. Orosur Mining is nicely in profit now but of course a risky miner which could easily end in a loss. New Brit (nbpo) continues to rise. Already in profit by over £5,000 with the current positions.
Yule Catto has slipped a tad after the bid rumours but this looks like one well worth holding onto.
Volex has slipped back below 300 the last couple of days - looks like nervousness ahead of Tuesday's update which was then made worse probably by stop losses getting hit, which pushed it down more which triggered off more stop losses. That's the problem with the electronic robotic trading in smaller stocks. It's the robots taking over I tell you! I checked the fundies and they still stack up for me as long as there are no outlook question marks in the next statement so I just stayed with it. Which is pretty easy given I bought in the low 100s! Let the robots and stops do battle with each other, I'll just drink some tea.
My lovely long-term winner BTG Group is rising very nicely and now I'm up more than 100 points on the first buy, looks set to be a doubler if it goes up a bit more.
E2V produced a very powerful ahead of statement and once profit takers are out of the way I hope for this one to power on and upwards through 100p. However for now 100p looks a barrier however there seem to be some buyers around so a push through 100 looks possible quite soon.
Xp Power consolidates its recent big gains I bought this one at 164 a year and a half ago and it's now around a tenner with a profit of £13,000 plus. It goes to show if you can hold the good ones for a bit and resist the take profits temptation it can pay off big time!
Recent top up Alternative Network is beginning to move up again but finding 200 sticky and looks worth at least another 40p in my view. And that's without the bid potential where I see take out as high as 300p.
Microgen produced another excellent statement and it's risen yet more and it continues to look exciting and having doubled now hoping for the treble and it doesn't look far off - if as I suspect it will carry on being re rated as a tech stock it should head up to at least 120.
African Aura has rocketed this week there was a bit of a shake but is on the way back and a quick star performer! It's quiet today though. Decent announcements keep coming. Photo Me continues a brilliant run - looks like it will shortly be a doubler - it's not sure currently in the 70s so it might take a while before a possible next step up.
Recent top up Alterian is having a good go at holding above 200 and some nice buying there. It reports soon
IG has risen nicely recently..
.Lovely Petrofac has surged again today after a bullish broker note and now tries for 1500! Together with spinoff Enquest sees me sitting on profits way in excess of £25,000. Of course it's volatile but a strong uptrend remains intact.
Hyder climbs again after its excellent statement. - a bid still looks like it's in there for nothing! It's pushing upwards towards 400 and very strong today.
Spirent has doubled for me and there recent top up is in profit. It goes higher today after a broker upgrade.
Still waiting on Nestor news. The AA has raised its bid for Nestor to 100p - Nestor appear to be playing this very well! They now say kind of grudgingly that they will meet the AA again to discuss but 100p still undervalues the company. Looks like some good long negotiating going on there - if I was going to bet on it I reckon they'll get it to 110p. Which is just fine. My profits currently are well over £20,000. Worth holding to see what happens.
Mulberry continues to rocket after results with the spreadbet up nearly £5,000 now - indeed it has doubled and with Mrs NT and friends continuing to buy their handbags and boots there I continue to hold! So thanks again for this one to Mrs NT for Mulberry bags and boots appearing at home was a big buy signal and B) - thanks to the ladies at the July seminar for agreeing Mulberry was the hot place for the ladies to be.
I've been getting e-mails regarding my use of direct market access and who I use. I've tried a few and for me the easiest system for me is here:
http://www.igmarkets.co.uk/?QPID=1079&QPPID=1
Direct market access means you can place orders directly onto the order book bypassing brokers and market-makers with a chance to buy at the "sell" price. I would suggest you ensure you know what you're doing first but IG does provide much education with its "tradesense" educational tool which comes with it.
I also use its spreadbetting service too along with other firms like Tradefair because it now provides trailing stops which to me is a pretty sensible way of trading. Link is here: -
http://www.igindex.co.uk/?QPID=1078&QPPID=1
that also includes a pretty decent educational programme. As usual before opening accounts please read all the warnings on the sites. You can lose a lot of money if you're not careful so pay close attention to them and make sure you always understand what you are doing and what your potential losses are.
£100 Tradefair offer
So there's now a £100 credit on offer for anyone opening an account via me. You get that after 5 spreadbets (terms and conditions apply).
To get the offer, click here:
http://www.tradefair.com/promo/spreads/nakedtrader100/
E-mail subscription service
Telecom Plus Offer
You get to sell great broadband, phone packages and energy to friends, relatives, contacts and anyone else you find and you get cash for each sale but more importantly you get a cut of their spend EVERY MONTH for as long as they are a customer!
It's called residual income and is a far better way to enjoy a ripe old age than relying on a pension. Because even after you stop selling the money STILL comes in!
I still get paid EVERY MONTH for sales I made back in 1999! Every time a customer uses broadband or the phone or switches on a light you get paid.
It's a great business and backed by a stock market company (Telecom Plus), a dedicated team of advisors.. and me to help you on your way!
Not only do you get paid out every month for each customer you can take on distributors. encourage them like I do and get paid on their sales as well.
One day, say you could made redundant, needed a year off or wanted to retire early can you imagine what joy it is to have the regular income coming in. It's wonderful.
You have to work at it, but if you do genuine repeat wealth could be yours. I did it. You can too. For full details, why not email me at robbiethetrader@aol.com.
An overview is also available at http://www.telecomplus.org.uk/fabdeal you can sign up directly there but do tell me!
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Trade tables follow! Trades are current open and recently closed trades. Closed trades feature the closing price and the amount I won or lost. All others are open. Trades get updated a little later than the narrative. Trading costs are ignored, however I also do not add in dividend payments and with the kinds of companies I buy, dividends tend to equal or outweigh costs. Spread rollovers ignored for web purposes. Tables as accurate as poss however a mistake or two can creep in and very occasionally if I forgot I sold or bought something it will be added at a later time.
Trades first reported Weds and Fri afternoons under "Markets" section.. afraid I can't do live trades as that would turn me into a tipster and I'd have to be regulated!