Investors' Room :: ASK a trading question! - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Crocodile - 12 Sep 2003 23:06

We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

ali_b - 13 Sep 2003 00:30 - 2 of 460

crocodile been thinking about trying a bit of day trading the indicies and was wondering about understanding trick/trin how you use it?.Is it even usefull and what other strategies do people use to try and beat the big boys at their own game.
many thanx ali

Zoltar - 13 Sep 2003 12:05 - 3 of 460

I'll ask a few if I may:
1. Do you & the other respected traders at MoneyAM think the rally since March is running out of puff?
2. Is there a good book available on level 2 trading? If not, why don't the MoneyAM team put something together? I have been on the Sharescope/GLOMTC trading workshop which touched on level 2, but I prefer books to courses, as you can go at your own speed and re-read things if you don't understand.
3. Is tape reading worth studying? I read 'tape reading and market tactics' by Humphrey B Neil, but feel that unless you really know what you're doing you're likely to put too many bad trades on to make the good ones pay. Also, and correct me if I'm wrong, but isn't tape reading superior to level 2 trading in that watching the tape shows real trades that actually take place, whereas level 2 shows orders (real or otherwise) at various price levels that can be quickly withdrawn if they were only placed to deceive and prices gravitate towards the order level?
4. What do you think about WMY at the moment? I'll declare an interest on this one; I'm short.
Sorry if I've asked too much, but a thread like this is too big an invitation to miss.
Thanks
ZOLTAR

stockbunny - 13 Sep 2003 13:33 - 4 of 460

Opportunity is just too good to pass up, so here's a question:
The building and construction sector.
Many have seen big rises and thats understandable due to
the property boom and housing shortage in the SE.
But many of these look quite pricey to me so any ideas
on a smaller player - cheaper too-
County and Metropolitian?
Any thoughts appreciated! Thanks!!StockBunny

Crocodile - 13 Sep 2003 18:06 - 5 of 460

Ali B Some interesting info on Tick Trin

http://www.ftsedow.com/ta/ta.htm

I do not use it myself but many of my friends do!

Crocodile - 13 Sep 2003 18:27 - 6 of 460

Zoltar

1: My view is not at the moment.

2: I have not seen any good books or videos on Level 2, most I have seen are very elementary.

3 Level 2 tells you far more including Bots and the risk of not having an escape point in your trade.

Re Level 2

Look at the link below for information on BOTS

You do need Level 2 to see them

http://www.ftsedow.com/info/info.htm

Also see the link below for information by Mike Boydell on Level2 (You can scroll down the page)

http://www.ftsedow.com/ta/ta.htm#level2

4 Regarding Wembley I do not trade it but looking at the graph I would have a stop loss in place and be prepared to get out quick

This one could go either way!

Would appreciate anybody else's views on the above

D.

Crocodile - 13 Sep 2003 21:36 - 7 of 460

Stockbunny
Re construction
A sector I follow myself, Persimmon, Barrats and Wimpy hane all come off highs.
Since the beginning of September all 3 have shown negative chart signals with -123 patterns.
Still the housing market is still strong and the high dividends with low interest rates should insulate from large falls.
Currently I have no position in them at the moment but I do daytrade them quite a bit.

draw?period=1Y&action=draw&startDate=13%

County & Metropolitan, chartwise I would not like to be long on it at the present time.

draw?period=1Y&action=draw&startDate=13%

Mega Bucks - 14 Sep 2003 09:25 - 8 of 460

i have been looking at a company that has taken my eye of late the epic is AFN i dont now much about it,the picture of the share does look good an i have a little money that a granma left me in a jam jar...have you any comment pleese.

thank u a novice just starting out invester looking to day trade fuull time in about 10 years time.i would like to buy about 500 shares for a rainy day some one said phil me boots but i dont want to be to greedy i would like to leave some for other.some people say that a new person has bean in charge for some time and he nows what he is doing after taking over from some one that made a muck up and they called him a bald headed old git....i dont like people bean called names it is not veeery nice.
Have got to get back to my teletext television to update my picture on this firm.

rick a newbie

stockbunny - 14 Sep 2003 10:59 - 9 of 460

Croc, I appreciate your time and trouble in answering my question.I tend to agree with you on the wider basis with construction, many advisors are still encouraging 'buys' in this sector and it may seem unfair but it strikes me a bit like high tech was a couple of years back - being hyped too high and for too long - particularly for those NOT looking at trading on a very short term basis. County & Metro. needs more research on my part, but I have doubts.
Many thanks!! Stockbunny

Crocodile - 15 Sep 2003 12:51 - 10 of 460

Thanks stockbunny

Zoltar - 15 Sep 2003 15:21 - 11 of 460

Thanks for that, Croc. Lots of good info on those links. I agree about level 2 books. There's nothing. I'll just have to try and learn as I go.
Aside from my WMY short (stop in place - only a small trade coz this stock has a tendancy to gap) I'm flat at the moment. I agree the market's not falling yet, but on so many stocks I see bearish oscillator divergence. Also, the LOG charts of many indices (including FTSE, CAC and DOW, but not S&P) are up to, but not beyond, their long term downtrend lines. Am I giving too much weight to these? Should I stay with things while they're still inching up, because if you stay too long you give a lot back before it's clearly time to be out. I wanna go to the party, but I want to leave before there's any trouble, if you know what I mean.
After belatedly joining the rally, I've taken my (small) long profits and I'm just going to wait and see for a while. No position is a position etc.
ZOLTAR

btw my nephew told me a joke a few days ago.....a bloke goes into a cafe and says 'I'll have a crocodile sandwich please, and make it snappy'
Apologies.

snoball - 15 Sep 2003 17:02 - 12 of 460

What does 'cover' mean.
i.e. to cover my shorts or longs etc.

fredbear - 15 Sep 2003 20:19 - 13 of 460

to cover your position means "to close your position"

ie if you are short 'have sold' 100 shares. then, when they have fallen far enough and made you very happy because you are short, you buy them back for less 'cover your short position' and pocket the difference. this is usually done on a mobile phone whilst down the pub with all your mates ;).

To 'cover' can also mean to cower behind the sofa under a very snug warm blanket sucking your thumb whilst the market moves against your position.ie A bit like my SPX shorts are doing at the moment! ;)

fredbear - 15 Sep 2003 20:21 - 14 of 460

Croc

do you do anything with FX at all?? i wouldnt mind hearing how you approach that if you do.

cheers
fred

Crocodile - 15 Sep 2003 20:46 - 15 of 460

Zoltar, :-)

fredbear
Nope nothing with currency trading but my colleauge David Jones (Limpsfield Chartist) was a currency trader in the city, I believe he trades the Euro quite often as it tends to trend very well. I will ask him to say hello on here!
May well look at it the future as the TA I use for indices seems to do the same job.
Thanks
D.

MightyMicro - 15 Sep 2003 23:34 - 16 of 460

Mega Bucks -- yeah, right! MM

Crocodile - 16 Sep 2003 09:40 - 17 of 460

:-)

snoball - 16 Sep 2003 10:16 - 18 of 460

Thanks fredbear.

Mitch1967 - 16 Sep 2003 10:30 - 19 of 460

I got a question for you. Why do most of the stocks on AIM have such lage spread between us the cutomer and the market makers.

Maybe we could set up our own little in house transfer agency adverttising here if we want to buy or sell......the two parties if they have the time could meet up outside fill in the transfer forms sign them them hand over da cash and hey bing no middle man any more !

dannycarswell - 16 Sep 2003 10:38 - 20 of 460

good morning all, how does a company with a market cap of 4 million trade at the same price as a much larger company?

Jeroo - 16 Sep 2003 12:50 - 21 of 460

Mitch1967

Way back, when market makers (ex. jobbers) did exactly what was they were supposed to do - they made markets in securities. Widget plc might have been quoted at say 30 - 36. Six points on thirty is a large turn but it was (arguably) justified when the jobbers were actually making a market. Their profits came from the skill in matching the book over time and the turn could be warranted.

Today when so many markets are in reality matched bargains - and I am talking of fully listed and AIM stocks, not those officially designated matched bargains - there is no justification whatsoever for extravagant spreads.

These days business is simply just not transacted unless the market maker knows or believes he can match his position almost immediately. He will not "go out on a limb", be it short or long, as did the Merchant Ventures of old and that being the case there is today no case whatsoever to be made for spreads of 10, 20 or 30%. Although, at a squeeze, there could be a case that there is a lot of uncertainty involed in buying AIM listed stock, hence the spread.

Limpsfield - 16 Sep 2003 12:52 - 22 of 460

danny

Its all do to with the number of shares in issue.

e.g. co. A and co. B have a share price of 200p.

If co. A has 1,000,000 shares in issue them mkt cap is 2 (share price) x 1 million (no. of shares) = 2m

If co B has 5,000,000 shares in issue then its market cap is 2 x 5 million = 10 million

So the share price is not an indicator of mkt cap

Hotei - 16 Sep 2003 13:00 - 23 of 460

removed - Limpy beat me to it ;-)

TomL - 16 Sep 2003 13:02 - 24 of 460

Zoltar,

Go on one of Croc's one day L2 courses..it costs more than a book but is I believe well worth it. Croc is too shy to market his own services. Limpy and Bullie do very good one-day courses as well..check them out.

TomL - 16 Sep 2003 13:14 - 25 of 460

As to market direction, here's something I posted on the other traders thread this am which may be useful, bearing in mind that the US mkts "tend" to lead the uk mkts...

TomL - 16 Sep'03 - 08:30 - 37 of 140

Greenspan "talks" again today. This reminded me of my favorite American market commentator, Brian Carver of Market Clues.

Below is his take for today (including his words on Greenspan) principally vis the S&P 500. You can get a 90 day (3 months) free trial subscription and the subscription price is not demanding either!

Market Clues website for a free trial is at www.marketclues.net. Here's what Brian had to say today:-

"Stocks: Out of Gas?

The market attempted to continue rallying Monday morning, but ran into stiff resistance at about the halfway retracement of last week's range. Money Flow turned bearish in most indices (it was still positive in the Dow, but didn't translate into higher prices even so).

That turndown at the 50% retracement level is quite bearish because it leaves open the distinct possibility that last week's slide was actually wave 1 down in the second major leg down in the bear market. The implication there is that the rally into the 8th of September completed wave v. Unless the market is able to show more strength here, we're going to assume this more bearish interpretation and expect the market is in a countertrend bounce within what could be a severe move down. That puts stiff limits on the upside here and opens the doors to a strong move to the downside once this countertrend bounce is finished.

The analogy to the Japanese Nikkei chart of a decade ago continues to be eerie. During that move of the 'Nineties, the Japanese market rallied 31% off its low before rolling over and plunging to retest its lows. To date, the S&P 500 has rallied off its low you guessed it! 31%!:

("http://www.constant.com/~bcarver/n22520030915.gif")
("http://www.constant.com/~bcarver/spx20030915.gif")

The piraz.com site took their chart of Fed repo activity down, unfortunately, before some had a chance to view it. We will explore the possibility of tracking this data in the future now that it's clear that Alan Greenspan has become such a disruptive force in the stock market. There was an article published in June which discusses in more detail the close correlatiion between repo activity and rises and falls in the stock market: Repurchase Agreements and The Dow by Michael Bolser

("http://www.financialsense.com/editorials/bolser/2003/0602.htm").

For new subscribers and those who missed it, a link to our weekend comments: Detailed Comments Page . . . ."

TomL....:>)

TomL - 16 Sep 2003 13:14 - 26 of 460

And if you are into position or swing trading, then you all may be familiar with Jim Slater's stuff on stock selection.
PEG Factors (price:earnings ratio divided by growth in earnings)

Fair value on a PEG is 1.0; below 0.75 is regarded as especially interesting (ie definitely a stock to shortlist and subject to other constraints that MUST be passed) and >1.25 is getting expensive.

PEG factors should never be used on their own and the whole process (including all other constraints used with an array of good worked examples) is extremely well set out in Jim Slater's definitive guide, Beyond The Zulu Principle - Isbn 1 85797 552 9 Orion Books priced 19.99 (may cost less now).

Jim Slater's mandatory constraints include:-

1. Does the company have at least a 4 year pattern of growth, even if forward earnings prospects have to be combined with past to achieve the minimum requirement? You see from this if a company has been awarded a PEG that is an achievement in itself. Less that half the all-share constituents qualify. Its quite a hurdle in that sense;

2.A prospective PER of not more than 20?

3. Strong cash flow? ie are earnings being turned into cash..your Enron accounting is out the window (remember this book was first published in 1996);

4. Low gearing (ie not in excess of 50% or if so only allowed if cash flow is very strong);

5.High relative strength? When I first read this some years ago, I gave it a wry smile because it was clear that Jim Slater understood some technical indicator was needed to avoid getting into "value stocks" whose price got stuck in the same place for a long time. The constraint is the rsi in the previous 4 weeks must be positive (ie rising) and the prior 12 month rsi must be positive plus above the 1 month. As you know, he's simply making sure that he's not the only investor getting active in the stock with this constraint;

6. Competitive advantage. This requires no explanation except to say that high ROCE readings and good operating margins are usually the clues to support this constraint. Its a case of seeing whether a stock has these readings and finding out what precisely generates them or, if not, being careful about the whole package.

7. Directors dealings. Buying directors is highly desirable, the absence of selling is mandatory.

There are other constraints which are either highly desirable or bonus factors that he lists.

Hope the above gives you and others a small taster of what's packed into this approach. Sorry if its too long, not intended.

Wishing everyone a very good day.

TomL.

dannycarswell - 16 Sep 2003 13:43 - 27 of 460

thanks limps. it all makes sense now

Zoltar - 16 Sep 2003 15:31 - 28 of 460

Tom.
I plan to do some level 2 courses, but not before I already know a fair bit about it. I can only absorb so much information at a time, and if it's all squeezed into one or two days then I need to be able to ignore the basics so I can absorb the more complex issues. I've already been on some of Limpy and Bullie's courses, and you'd be surprised what you miss if you're struggling with the basics. I went on one course where I thought I'd wasted my money as I had already learnt all that was presented from books. However, a week or so after the course I awoke in the middle of the night with one short sentance in my head that was said at the course that I'd missed; it made the difference between a wasted day and a course worth every penny.
ZOLTAR

WMY :-)

Hamsa - 16 Sep 2003 17:39 - 29 of 460

Novice trader in need of some advice. Can anyone help. I seem to have got myself into a right mess with my AVZ deal. Shorted it at 509 (thought market was coming down) and again at 520. (As pros you wouldn't get yourself into this situation in the first place - should I sell or wait for market to come back down? Double witching on Friday - what is the chance I can get out and not loose too much?) I obviously need to learn a lot but do not know quite where to start. Can anyone suggest basic fundamental info which one needs to know to trade successfully. Good charting packages etc?! What would be good to learn before going on a course?
Thanks very much in advance for any advice.

TomL - 16 Sep 2003 18:10 - 30 of 460

Hamsa,

It is very difficult to give an opinion on another person's position in say something such as avz which I and many others like me trade regularly. Suffice to say that you take a look at the charts below on ukx and avz.

draw?period=5Y&action=draw&startDate=16%

draw?period=5Y&action=draw&startDate=16%

Technically, you will see that both charts 50dma and 125dma have crossed over (not a golden cross) the 200dma with the 50dma riding above 125dma, such that the dmas' are in correct sequence to favour the long side of the mkt. However, at some point, you would expect the price to retest the 125dma particularly after the chart breakouts above recent resistance. When that happens is for you to work out, but an rsi indicator should be helpful to you on this. One thing I am wary of in the ukx is a retest of the kind just described going right through all the dmas'. That would tell me that the "vicious" bull rally in a "bear" mkt is over with a vengeance with the broad mkt tacking back to the short side. If the test (when/if it comes - not guaranteed), as described, holds then this would indicate to me that we have a fully blown broad based "bull" mkt.

Hope that helps and, fwiw, every trader (me included) I have ever known only became successful by learning from their mistakes. Name any invention (technical or otherwise) that ever came about except by the inventor's mistake or some predecessor of his down the chain.
All the best,
TomL.

ps: there is a recent spike on avz at circa 575 - you may want to use that as a useful point of reference in determining your trading strategy from here.

Crocodile - 16 Sep 2003 18:11 - 31 of 460

draw?period=1Y&action=&startDate=16%2F09

Hamsa
I can not tell you what to do. As you know the minute you cover them they will drop like a stone and blame me ;-)

However looking at the chart it has a very stong upward support line which is ttacking the FTSE. If the FTSE falls back it probably will to.
However this is a bull market and personally I would prefer to be long than short.
Of course discipline says you should have had a stop loss in place and never add to a losing position.
If it was me I would get out and cut my losses
Best of luck whatever you do
D.

Zoltar - 16 Sep 2003 19:10 - 32 of 460

Hamsa.
I cannot argue with the above. Your trading strategy (long term plan - long term for YOU, that is) should be to trade with the trend, not try to guess when it will change. However, your question seems to be about getting out of this trade, which is about trading tactics (shorter term ideas to maximise gains/ minimize losses), of which advice is very hard to come by. If you can, instead of closing out and spending the rest of the day p***ed off because you lost, how about putting in a close stop in the market. AVZ doesn't gap too much, and it could drop enough for you to close even and still stay in the uptrend. It means risking one or two pence a point more, and you may close worse than just closing out now, but it could also go 10 or more points down to be able to close at a better price than now. From here, risk reward would be worth it, but, frankly, you should have had your stop in from the moment you entered the trade. Also, if it goes that one or two pence against you, you MUST close and suffer the loss - and learn from the loss so you don't do the same again.
Personally, I think we're soon heading down, but you must wait until it is clear before trading, especially investment trusts that will likely follow the indices. The uptrends are intact which means, as Croc says, it's a bull market, so you should be long if trend following or flat if sceptical of the rally.
But WTFDIK, I'm just a rookie learning too. How about more on trading tactics from the experts on here. If you're in a trade that you wish you weren't, how do YOU get out of it?
ZOLTAR

Hamsa - 16 Sep 2003 19:15 - 33 of 460

Thanks very much for the advice. Will see if market pulls back a little tomorrow am after rise today - otherwise I shall be out and take losses.

Can you tell me what the best indicators to use when buying and selling - any good charting packages or books I should read?

Hamsa - 16 Sep 2003 19:23 - 34 of 460

Zoltar do you put in stop loss when you enter order? I shall have to look to see if I can do this - I trade with GNI. I think market is coming down and if it does by the end of week I will be kicking myself for not trusting myself. Nothing worse than being on the wrong side of the market - also ties up margin.

Harlosh - 16 Sep 2003 20:04 - 35 of 460

Could someome please explain the basic concept of 'trading'?
In other words is it spread betting or actually trading shares through a broker. If so which brokers' trade shares. Do you still pay the 10 - 15 cost of each buy and sell as well as stamp duty?
Sorry if this seems a basic question but it would help if someone put me out of my confused misery about this subject. I had hoped to go the NW Traders Day but my transport let me down at the last moment as I am unable to drive any more (a medical condition not drink driving!!)
Regards

richstuch - 16 Sep 2003 20:35 - 36 of 460

A question from another newcomer to trading.

Trading 'long' and 'short' - while I think that I understand what these terms mean, am I right to assume that these terms are used when trading CFD's?

When you are taking a 'long' position but are not trading CFD's, is 'long' the correct term or are you just trading shares and hoping for a move in the upwards direction?

This is a really useful thread for people like myself - thanks to all of those experienced traders who take the time to educate the less well informed. It IS appreciated.

Thanks in advance

Rich

richstuch - 16 Sep 2003 20:55 - 37 of 460

Here's another question

When you hold shares that go ex-dividend, what are the rules about who gets paid the dividend?
Do you just have to hold the shares on that date or do you need to hold them until the payment date? - or is there some other formula?

Thanks again.

Seymour Clearly - 16 Sep 2003 21:05 - 38 of 460

OK

Harlosh:
Trading is, in a sense, whatever you want it to be, but the essence of a trader is that you are not into buy and hold, you're looking to scalp a quick profit, either in minutes, hours, days or weeks and long or short, if long either by buying shares or long or short using a derivative method i.e spreadbetting or CFDs.

Richstuch:

Most of your answer is above,
long - you have bought in any of the above hoping they will go up
short - you have sold stock you don't own - usually by a derivative method, hoping they will go down and you will buy them back later

When shares go ex div, you need to be hjolding them on the ex div date, i.e. own them from any point up to the night before so that at the open on ex div date you own them. It doesn't matter whether you own them on the payment date. However, most stocks will drop by the dividend amount on ex div date but make it up again in the days / weeks following.

Hope this helps.

Gausie - 16 Sep 2003 21:08 - 39 of 460

Hamsa

Get yourself on a 'money management' course.

When you enter a trade you should have a clear picture of your exit strategy - ideally a target price and a stop loss. You should have a feel for the risk/reward that you have exposed yourself to, and have a plan for the trade.

After you've planned the trade, all you have to do is trade the plan.

This isnt a lot of help to you now, because you're drifting rather than following a charted course. What you could do to exit is to retrospectively set your stop loss and target (and possibly your escalation/sizing policy) - and stick to them. In other words, treat it as a new trade.

I do, of course, agree with all the other advice you've been offered above. The message that's coming from all of them is: "Set a stop loss and stick to it"

Gausie - 16 Sep 2003 21:09 - 40 of 460

richstuch

Also consider that if you're short when the market opens on the day the share goes ex, then you have to PAY the dividend! Ouch!

Gausie

Crocodile - 16 Sep 2003 23:04 - 41 of 460

richstuch
Ex Dividend
Use Legal & General's as an example. The share price was 74p paying a 3.25p dividend. Now that was approximately 5% so how can we take advantage of it?
Well the plan is to BUY them before market close on Tuesday and hold them overnight. If you do this through a conventional broker you will get the dividend paid into your account. If you do this on CFD you wil have to check what percentage of the dividend they pay. Usually about 95%
Now as that dividend is paid from LGEN the opening price on Wednesday morning should be 70.75p (74p - 3.25p) to reflect the dividend paid out and consequently the reduction in value of the company.
However often you can get out at a better price next morning as many people have not got a clue they are ex divi. Also it is in the interests of certain organisations with large holdings to try and keep the share price from falling as much as possible.
So if you can close next morning near to the previous nights closing value you keep the 5%. As long as the market itself is not to strong you can alternatively reverse your position and go short knowing they should be 5% lower,

Note: If you are short on the stock on Tuesday night as Gausie says above you pay the dividend! So you should always check this if you keep positions open overnight.

Another interesting point is that the dividend payout affects the technical analysis & sentiment on that share and a 5% drop can often trigger a sell signal. Perhaps dropping it through a support or completing a 123 sell pattern.

kajman - 17 Sep 2003 07:29 - 42 of 460

Croc

I'm suprised to hear that some CFD firms pay less than 100% of the dividend.
If they only pay say 95% then do you know if they only charge you 95% if you are short at the ex-div date?

If that is true then there is a potential arbitrage opportunity by going long with a 100% broker and short with a 95% broker as the share goes exdiv. :-)

richstuch - 17 Sep 2003 09:14 - 43 of 460

thanks to Croc, Gausie and Seymour for that information

shogun - 17 Sep 2003 13:15 - 44 of 460

Hamsa, you are making the same mistakes all new traders do, you must learn correct position size , discipline, and always stop loss when you are wrong, (easyer said than done )

a couple of good books that will help you are,

1/ alexander elder - trading for a living & come into my trading room

2/ tony oz - how i take money from wall street & stock market wizard ( if you can find it )

both of the above authors are actual day traders, the books are easy to follow and understand, they cover the importance of correct money management, discipline, trading rules,

you might have to go to www.tonyoz.com for his books or you see them regularly on ebay just type in the authors name in search,

Crocodile - 18 Sep 2003 12:40 - 45 of 460

ttt

M5artin - 18 Sep 2003 14:37 - 46 of 460

I've just read the post about the witching hour tommorrow and was considering setting a buy limit on a FTSE 100 share. For example setting a buy limit at 5% below the current bid price for, say, TESCO or SHEL or BP or LLOY.
I was wondering what people think is the best one to go for.

Crocodile - 18 Sep 2003 15:09 - 47 of 460

M5Martin
I go for AZN, Logica, Barclays, Diageo, Cadbury, III
A nice mix

ThePlayboy - 18 Sep 2003 15:14 - 48 of 460

M5-SGE and AVZ imho!

zarif - 18 Sep 2003 15:23 - 49 of 460

buy : jarvis hotels at 150p or below
epic code: jvh
bid/offer: 138/142
stop loss: 120
target price: 181
limit buy at: 150
sector: leisure
market cap:147million

I hope this helps and give me some feedback and idea trades aswell:
rgds
zarif

Hamsa - 18 Sep 2003 16:55 - 50 of 460

Many thanks to all for the advice. Closed deal and took losses. Should have bought some as they have risen really well. Perhaps will try in double witching tomorrow. 5% below market price? Closed all my positions today and shall try again tomorrow. Once again thank you very much.

Crocodile - 18 Sep 2003 21:10 - 51 of 460

Hamsa
Best of luck tomorrow!

jules99 - 19 Sep 2003 04:58 - 52 of 460

This again is an excellent thread..many thanks to Croc, Seymore Clearly, Gausie and others...

Keep up the good work, when I subscribed to this site, wasn't sure if it was worth the money, now I realise have recouped 100x over by learning from each others...

Ta..
Jules99.

little woman - 19 Sep 2003 08:54 - 53 of 460

Zarif,

I'm not the right person to ask. I'm not a chartist, more of a fundamentalist!

I buy shares as they drop, not as they go up! (My attitude is I've missed the boat, so move onto a share that I haven't!) Also I only use stop loss to lock in profits! If a share is making losses, I normally just stick it out and collect the dividend!

JVH has generally been a pretty boring share. Until this week it rarely did anything! I bought them because I met the Chairman a couple of times when I was doing some voluntary work for The Princes Trust and had some spare cash and thought why not! Not a reason I'd use today!

zarif - 19 Sep 2003 10:10 - 54 of 460

little woman:
I am a newbie and more often than not take the short position-same as you, Can you give me any links and tips for sites where can get fundamental and chartist advise, I use spreadbetting at present at trade mainly the indexex with occasional shares
good luck for your trading
rgds
zarif

Crocodile - 19 Sep 2003 10:59 - 55 of 460

zarif
Check out my site www.ftsedow.com for some general advice sheets on TA.

zarif - 19 Sep 2003 11:17 - 56 of 460

Thanks croc -ten4

rgds
zarif

Magician - 19 Sep 2003 12:55 - 57 of 460

Zarif,

Good job u didn't employ your trading strategy to Marconi then :-) !!

Caravaggio - 19 Sep 2003 15:54 - 58 of 460

Taken and copied from the LSE official site,thought this would be useful to those who were unsure or confused about Trading Terms when a transaction has gone through.....ie AT /Block Trade/Broker to Broker
Well worth a visit to the LSE site... very useful:)

http://www.londonstockexchange.com/default.asp

Regards
Caravaggio

Trade types

Automatic Trade
An automatic trade generated by the system through automatic execution.

Average Price
The transaction was effected at a price based on a volume weighted average price over a given period.

Bargain Conditions Apply
Certain conditions were agreed between the two participants at the time of trading.

Block Trade
The transaction was reported using the block trade facility, which is at least 75 times the NMS for a security with an NMS of 2,000 shares OR above 50 times the NMS for a security with an NMS of 1,000 shares.

Broker To Broker
The transaction was between two member firms where neither firm is registered as a market maker in the security in question and neither is a designated fund manager. Brokers may also apply this indicator when buying or selling domestic equity market securities through a broker, which is not a member firm.

Contra Trade
The trade was reported for a transaction previously automatically executed through the order book.

Correction
This covers any corrections made to trade reports.

Cross
The transaction was effected as an agency cross or a riskless principle trade between two member firms at the same price and on the same terms.

Currency Conversion
The trade was executed in one currency but converted for trade reporting.

Late Reported Trade
The transaction was not reported in accordance with the Exchange's rules on trade reporting.

Market Maker To Market Maker
The transaction was between two market makers registered in the security in question. This may also include those executed through an inter-dealer broker or a public display system.

Non-Risk Trade
These trades are the same as Ordinary trades but specifically for SEATS based segments only (i.e. SEQ1, AIM, SEAT).

Non-Protected Portfolio
The transaction was reported as a non-protected portfolio transaction or a fully disclosed portfolio transaction.

Ordinary
The transaction was not covered by any of the other trade types listed.

Overnight Trade
The transaction was reported after 17:15pm and before 07:15am the following day.

Protected Portfolio
The transaction was reported as a protected portfolio or, was as a result of a worked principle agreement for a portfolio transaction.

Protection Applied
The transaction was protected at the time of reporting it.

Result of Exercising Option
The transaction was reported as a result of exercising a traditional option or a negotiated option.

Result of Stock Swap
The transaction was reported as a result of a stock swap or stock switch (one report is required for each line of stock swapped or switched).

Risk Trade
The transaction was reported by a market maker registered in either a SEATS security, an AIM security or a covered warrant market security.

Riskless Principle
The trade was reported as a riskless principle transaction between two non-members, where the two transactions are executed at different prices or on different terms (requiring two separate trade reports). OR a market maker is reporting a riskless principle transaction where the two transactions are executed at different prices.

SEAQ Trade
This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SEAQ auction.

Single Protected Trade
The trade was reported as a result of a single protected transaction.

Uncrossing Trade
This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SETS auction

Worked Principle Trade
The reported trade was from a worked principle agreement for a single security.

Zoltar - 20 Sep 2003 16:24 - 59 of 460

If everyone's run out of good questions to put, I can think of a good one:
It's often said that indicators such as MACD, directional movement, oscillators etc are a waste of time. Is this right? How about if you combine them? Or if, instead of using them to generate signals, you use them to confirm that you are on the right side of the market? How about moving averages? All lagging indicators, I know, but are they really of no value at all? If so, it's funny that 'wise' people always recommend reading books such as Elder or Pring or the daddy of them all, Murphy, all of which include the use of indicators as part of a balanced trading strategy!
ZOLTAR

Zoltar - 20 Sep 2003 16:28 - 60 of 460

.

Gausie - 20 Sep 2003 16:55 - 61 of 460

Zoltar - each to his own....

I've put a lot of thought into this over the years, and have come up with the following:-

Gausie's Trading Paradigm

Indicators, be they technical, chart, fundamental or even (dare I say) astrological are, IMHO, a very small part of trading strategy. All they do is give you an objective means of entering a position and building a plan. By making it objective they ought to help to remove the emotion from trading.

In my opinion, there are three (and only three) things that matter:-

1) Understanding and application of support and resistance
2) Understanding and application of money management
3) A good relationship with lady luck

Fail on any one of these and you're done for. Succeed with all three and you've got it cracked.

A lot of traders will tell you that the only three things that matter are discipline, discipline and discipline. They're right in that it's very important, but they can't explain how some undisciplined traders are lucky enough to succeed, whilst other very disciplined traders still fail. I categorise discipline within money management.

As an exercise, try scoring yourself out of 20 for each of the first two, and out of 60 for the third. The result is your long term likelihood of winning, expressed as a percentage.

If you're incredibly lucky (60%), you dont need either of the first two skills - you are a Trading God and have beaten the 50/50 threshhold. If you're incredibly unlucky (0%) it doesnt matter how skilled you are. Even if you hold the title 'Emeritus Professor of Money Management and Support/Resistance' at the university of international bourses, you still wont get over 40% so you're going to do your dough.

If, like most of us, you have average luck (30%) you're still going to lose money without a good grounding in at least one of the other two facets and an elementary understanding of the other. If you're an expert in one of the two then you've reached the bar (30% + 20% = 50%) but you're not over it.

You need at least a basic understanding of the missing piece to clear the hurdle.

A trader maximises his luck by having a thorough understanding of support, resistance and money management. This is the best a trader can strive for. Even the best traders won't win every trade - to do so they'd have to be incredibly lucky. But they'll cut losses early and they'll let their winners run. And they'll come out on top in the long run.

Gausie

Crocodile - 20 Sep 2003 17:17 - 62 of 460

As Gausies says Support and Resistance are King for me as well. Add to this only trading with the overall market direction. If the the market is rising than you will have 90% buyers if its falling 90% sellers.
If you want a long position
1 Buy when the market sentiment is good and the FTSE rising.
2 Make sure the Share is in an upward channel but not approaching a resistance point.
3 Make sure the sector is in favour.

This should give you a 80% hit rate. Fail in any of these and your average will come down markedly.

Also as G says you need lady luck on your side!
D.

Zoltar - 20 Sep 2003 18:06 - 63 of 460

Great response, guys.
I also think risk/reward is critical. It's all very well buying at support, but there needs to be enough potential profit in a trade to make risking a loss worthwhile.
One of my own failings is that I tend to exit too quickly if support is broken, only to see it turn straight around and go up strongly without me on board, a la WMH over the last few days. Maybe setting stops too tight, but things can often move quickly against you, so striking the right balance is tricky.
ZOLTAR

Zoltar - 20 Sep 2003 18:53 - 64 of 460

One other thing, Croc.
When is the FTSE rising, and when is it NOT rising.
What is best to determine this?
Just because it is not rising, doesnt mean it is falling and vice versa. My experience of support and resistance on indices is that it often breaks, returns and breaks again. It can do this several times before establishing direction, by which time it has cried wolf too often to trade.
ZOLTAR

Gausie - 20 Sep 2003 21:13 - 65 of 460

Zoltar - risk/reward is part of money management.

A lot of traders use their stop loss and target (via support and resistance) to determine a) whether the trade is worthwhile and b) how to size their position.

Re: your second point, what constitutes broken resistance/support? This is part of understanding support and resistance.

For example, an indecisive intraday break of support is often a day traders amber light for a long and a position traders green light for a long. Only a decisive break signals the short.

A position trader will want to see a *close* below support followed by an open below support and a falling intraday price to signal a decisive break - so what if he misses the first 2 or 3p? He's unlikely to be whipsawed as described above.

A daytrader will check the strength of the buy side on L2 before making a call. If there's strength below the current price he'll go long looking for an intraday return back through support and a move towards a close above support. He's looking for the whipsaw as a chance to scalp a few.

Gausie

superrod - 20 Sep 2003 21:27 - 66 of 460

Gausie
trying to track you down to find an answer. what did you do to upset that old goat OLDOLIE?

Gausie - 20 Sep 2003 21:29 - 67 of 460

Didn't know I'd upset him.

But I wasn't too happy when he made threats of physical violence to a friend of mine.

His recent posts show him to be a skilled trader with a valid and interesting point of view. I guess back then he was finding his feet and possibly felt he had something to prove.

Strange chap. But water under the bridge as far as I'm concerned.

jules99 - 20 Sep 2003 22:06 - 68 of 460

A few questions related to CFD/sb spreads...also the term 'nibbling'

Take BT for example...

BT SET PRICE shows:180.5-181 What is your definition of nibbling, my understanding would be to Buy (or go long CFD spread given maybe 181/181.5, sell at 186 or around that mark...? i.e for small gains and keep buying as the price rises...(or falls, then u go short...nibbling)

For most tight spreaded FTSE stocks what would you say is correct/fair quote for (BT as example again) CFD spread given by Broker, using example above, would be a 'quarter' or 'half' point above quoted SETS price? I presume it would be a quarter, of course If I am not happy with spread I can just say..No..

I find nibbling risk high at this stage of trading, just my opinion, I know traders do that all the time, some very very successfully I might add, need to gain a lot more experience to do that kind of trading consistently...but I am learning, and want to be confident that the trade I make is my best...by that I mean at least a higher % of success, than failure..

I suppose CFD's can work out very well if u are looking for 3-10%+, going short/long on larger more liquid stocks, say FTSE 100 and some some 250 stocks.

Many Thanks always...

Jules99.

superrod - 20 Sep 2003 22:59 - 69 of 460

ta Gausie
was reading a thread about this site on adfn,which has been frozen, he slagged you off big time.
now trashing threads esp tad fbb.

tx for reply

Gausie - 20 Sep 2003 23:49 - 70 of 460

oooer! whats the url?

Crocodile - 21 Sep 2003 19:30 - 71 of 460

Zoltar Have a look at the chart on th Traders Thread as a good example
Micro trends during the day do break to often and are not worth trading. But the longer term are very reliable as can be seen in the chart.
What do you think?
D.

Crocodile - 21 Sep 2003 19:35 - 72 of 460

Jules99
BT is a tracker and so has a very strong correlation to the daily movements of the FTSE
If you go long BT the majority of the time you are going long on the UK market.
If you trade a few times a day have a look at GNI where you can trade either side of the order book
This means if BT is 185 Bid 186.5 offer you can place an order to buy at the 185 or sell at 186.5p.
Effectively being in profit as soon as your order is filled less your dealings costs. This can be a big advantage!
D.

andrewbertram2003 - 21 Sep 2003 20:28 - 73 of 460

Could anyone guide me to a readable source for option trading and where is perhaps the better traders to deal with or website? thx

superrod - 21 Sep 2003 20:28 - 74 of 460

Gausie
thought id saved it but now missing.
it was a thread about MAM.
will persevere
rod

jgp212 - 21 Sep 2003 21:24 - 75 of 460

Welcome to the LSE Casino All!!!

Sod The Data and all that!!

From a Day Traders point of view BTW!!

:-)

Jeff

jules99 - 21 Sep 2003 21:43 - 76 of 460

Thanks for that Croc...

p.s I heard or read Barclays do CFD's too now...Can anyone confirm and is the service any good?

Ta.
Jules99.

Crocodile - 22 Sep 2003 18:13 - 77 of 460

TTT

Zoltar - 22 Sep 2003 22:43 - 78 of 460

Gausie/Croc.
Great stuff on this thread.
One thing which I think I asked wrong before; How is the best way to tell if the market is trending or in a trading range? Does it even matter? If you have correctly identified support, and your exit point is close, you should still be able to put the trade on. However, if a stock has fallen to support because the trend is down the trade should not be taken, but if it has fallen because we are range bound, it should be.
Also, and this could be a big topic, how can a small guy using a home PC with sharescope EOD hope to develop and back test a system? If, like me, you still have to do that old fashioned thing called 'work', you are not likely to have an army of subordinates to write tailor made software and spend thousands of man hours in system development. Any back testing the small guy does is likely to be of too small a size to be complete, as the data sample will often all be within a bull or bear run. Also, it will contain plenty of errors, omit times when signals are generated and then quickly nullified, and could even be based on erroneous assumptions and principles. Without being able to test lots of data the small guy's 'system' is surely doomed before the first trade is made. Tight money management and all the discipline in the world won't help you if your trading system is flawed.
Thanks Guys
ZOLTAR

Crocodile - 25 Sep 2003 22:03 - 79 of 460

Zoltar
I believe you can backtest your TA trading ideas with Updata
http://www.updata.co.uk/TA/simulator&Community.asp
D.

Seymour Clearly - 25 Sep 2003 23:22 - 80 of 460

Curses! I thought the Crocodile had asked a question. I was all set to give him an answer ;-)

vasey - 26 Sep 2003 14:19 - 81 of 460

Croc: A few days ago I noticed some really dopey sales on DYS. Five trades adding up to about 90 shares in total. Is it possible they were testing a BOT which they switched on yesterday? The sales yesterday and today are suspiciously similar in size and timing. But a BOT on a SEAQ stock?

Crocodile - 26 Sep 2003 16:04 - 82 of 460

vasey
It is indeed very unusual but not impossible. Did the share price move in the that direction in the days following?
D.

roma - 26 Sep 2003 16:16 - 83 of 460

roma - 26 Sep 2003 16:16 - 84 of 460

vasey - 26 Sep 2003 16:19 - 85 of 460

It only became obvious yesterday afternoon. Previous sales could have been profit-taking as the share has recently made all-tine highs. Bargain size was also matching the normal advertised number of shares each MM was advertising. There has been some consistent buying in the last few weeks which has always been mopped up and matched with sells. But yesterday was a sudden attack of sells, causing the share to drop 4.5% in 19 minutes! It has dropped back further today.

roma - 26 Sep 2003 16:24 - 86 of 460

crocodile new investor 3 months fairly good results upto now,but i bought 10000 ams at 13p and 100000 arc at 0.023p as these have now dropped so much should i sell,and take loss or hang in there, your advice welcome.

Crocodile - 26 Sep 2003 16:49 - 87 of 460

draw?period=1Y&action=draw&startDate=26%

Roma

Well done for a good start!

As you know I cant tell you whether
you should buy or sell the stocks above. Regarding ARC the chart looks very weak
with the next stop possibly at 1p. Advanced medical is a little more interesting
in that it is still above its recent support line. If it drops through this
level then you could have problems.

I wish you the best of luck with them
and recommend you apply strict stop losses on all your positions and do the hard
thing which is to stick to them :-)

D.

roma - 26 Sep 2003 16:56 - 88 of 460

crocodile. your comments noted.thanks for your help.

jules99 - 27 Sep 2003 00:37 - 89 of 460

Good Advice Croc...!

washlander - 27 Sep 2003 09:09 - 90 of 460

From another newbie.
If I wanted to take advantage of divedends.
1] How would I know when they are due-Where would I look.
2] When would be the best time to buy.
3] How long would I need to hold to qualify.
Thanks in advance.

Crocodile - 27 Sep 2003 09:22 - 91 of 460

washlander
Some information on on http://www.ftsedow.com/ta/ta.htm#divi

Also the dividends for the week ahead are on the Sunday Traders thread which are normally posted about 1pm. They are also on www.ftsedow.com.
To save you waiting however this weeks are
Ex Dividend: AG Barr (8.5), Amersham (2.85), Amstrad (2.2),Barratt Developments (12.32), BPP (4.4), Capital & Regional (4), Chaucer Holdings (0.65), Daejan Holdings (33), Development Securities (1.8), FKI (0.3), First Choice Holidays (1.6), Henry Boot (4), Hiscox (1.3), Huntleigh Technology (2.7), James Beattie (3.5), James Fisher (2.47), JKX Oil & Gas (0.25), Johnson Service (4), Keller Group (3.45), Kidde (0.89), Kier Group (11.2), MFI Furniture (1.8), Mersey Docks & Harbour (7.1), Metalrax Group (1.65), Ottakars (2), PZ Cussons (21.5), Paladin Resources (0.525), RPS Group (0.88), Rentokil Initial (1.75), Secure Trust Banking (10.5), Travis Perkins (7.6), Trinity Mirror (5.5), Vitec Group (6.1), Weir Group (3.35), Wolseley (15.6)

washlander - 28 Sep 2003 09:48 - 92 of 460

Thanks very much crocodile much appreciated. Not finished with you yet :-)
I am looking at the DATA BANK on Satdurdays FT, showing results due next week. Final dividends and interim divs. Is this the information you are refering to. Also if I buy shares that are about to produce interim divs would I be entitled to the divs or would I only be entitled to the full divs when then became due, of course I would have to be holding those shares on the date.
Finally for now what does "Whipsawed mean"
Really green thanking you in advance.

washlander - 28 Sep 2003 09:49 - 93 of 460

Again while I am on the boil and you being so accomadating :-)
How and where to I go to understand/ learn more about support and Resistance.

terod - 29 Sep 2003 12:03 - 94 of 460

dear croc....

i'd like to buy high yielders for income but not sure how to be certain that i'm buying/making on the reg. in time. also, i have read you tip on ftsedow site (about timing etc.) but is there somewhere/someone who can show chart example re price adjustments reflecting ex/d days. basically, i would hope to buy/sell within 24-48 hours, if that makes sense (and money!).

hope you can help.

ticker - 29 Sep 2003 12:17 - 95 of 460

Anyone know where I can find out about when a stock goes XD, the div yield and record dates etc?

ajren - 29 Sep 2003 12:39 - 96 of 460

I basically forget the Stock Market exists -with its ups/downs- and buy/sell
on my own analysis of the company relative other companies in that field
e.g Pepsi in soft drinks market.

Gausie - 29 Sep 2003 17:58 - 97 of 460

ticker - croc posts all the week's divvies on his traders thread every sunday.

ajren - dangerous. Even the best companys get hammered. And it's not only cream that floats to the surface .....

dalrymp - 30 Sep 2003 09:05 - 98 of 460

Re level 2

When someone writes "There is now 5 on the Bid 2 on the offer"

What does that mean?

Thanks, great thread!

dalrymp - 30 Sep 2003 09:06 - 99 of 460

Re level 2

When someone writes "There is now 5 on the Bid 2 on the offer"

What does that mean?

Thanks, great thread!

dalrymp - 30 Sep 2003 09:06 - 100 of 460

Re level 2

When someone writes "There is now 5 on the Bid 2 on the Offer"

What does that mean?

Thanks, great thread!

dalrymp - 30 Sep 2003 09:06 - 101 of 460

Re level 2

When someone writes "There is now 5 on the Bid 2 on the Offer"

What does that mean?

Thanks, great thread!

little woman - 30 Sep 2003 09:29 - 102 of 460

Dalrymp,

If I get this wrong, hopefully someone will correct me. (Also take a look at "help" at the top right of your screen, and then "level 2" - and scroll down for loads of explantions etc.

I think it refers to the no. of SETS or SEAQ orders at the current bid & offer prices. More orders on the bid, means the MM are looking to buy, and more orders on the offer means they are looking to sell.

dalrymp - 30 Sep 2003 09:36 - 103 of 460

little woman

Thanks for your help.

washlander - 30 Sep 2003 10:48 - 104 of 460

I have level two where do you find "There is now 5 on the Bid 2 on the Offer" using level two? or elsewhere.
Very good thread this thanks in advance

ticker - 30 Sep 2003 11:24 - 105 of 460

Thanks Gausie. I will take a look

roma - 30 Sep 2003 13:50 - 106 of 460

re Terrace Hill shares,I see that the chairman bought 50,000 shares yesterday taking his holding to 128.3m shares 83.4%. Other directors also bought 20,000 shares today. The rest of the directors seem to hold about 1.3m shares between them, does this mean they may take the company private? If so,how would this effect other shareholders?

little woman - 30 Sep 2003 14:25 - 107 of 460

Washlander - I think dalrymp was originally refering to someone posting the information about what they saw on level 2 so that who ever read the post would understand it!

Roma - to take a company private I think they have to hold something like 90% of the shares. You will need to ask them what they are intending to do which you are entitled to ask, but normally they will buy out all the other shareholders at the market rate (small shareholders can be a real pain, even though they don't have much power, so it is easiest to buy them out!)

roma - 30 Sep 2003 14:45 - 108 of 460

CROCODILE Thanks for your help, much appreciated.

ajren - 30 Sep 2003 18:24 - 109 of 460

I work full time as a daytrader.
KEEP THINGS SIMPLE
I bought Corus and made 42 per cent profit in 3 weeks.Some made 700 per cent
in 6 weeks e.g.M.S.made fifteen hundred million-1,500 MILLION.

One of my shares is Wiggins--I have 250,000

Research EVERYTHING about EVERY share YOURSELF and forget ALL experts e.g.
Prior 42 per cent profit 70 per cent of the City said Corus was nearly in
liquidation and ONE valued it at 1p per share.

Crocodile - 02 Oct 2003 16:41 - 110 of 460

Agree with keep things simple. If you have to analyse a chart to carefully leave it!

Crocodile - 06 Oct 2003 07:47 - 111 of 460

.

dalrymp - 06 Oct 2003 08:33 - 112 of 460

Could you please help. On the Trades page what does the letter M mean after a trade? I was looking at the rtd trades. 250,000 M Buy

little woman - 06 Oct 2003 08:57 - 113 of 460

M means: Market Maker to Market Maker. As the name suggests this is a transaction between two Market Makers who are registered in the security which is being traded.

If you go to "HELP" (top right of your screen) then "Trades" and scroll down it'll explain a lot of things which you will find helpful. When I checked it out for the first time, I found that I was wrong in a lot of the ways I was interpreting things I saw, so still go there on a regular basis to remind me!

ckmtang - 06 Oct 2003 10:05 - 114 of 460

I want to ask is it worth to buy some SEO ? but the price of SEO rise a lot today.

dalrymp - 06 Oct 2003 10:43 - 115 of 460

little woman

Thanks...I'll do that.

debuwebu - 06 Oct 2003 12:36 - 116 of 460

I started investing a couple of months ago and have luckily made a couple of good buys with Forbidden Tech and RTD, but these were done through HSBC bank's trading service and buying and selling takes a long time, not to mention commission and problems with selling large blocks. I'm looking to become a day trader through the inter-net, can anyone advise me on how to do this?

Crocodile - 06 Oct 2003 14:02 - 117 of 460

debuwebu
For a broker who allows trading on line, no fees or stamp duty have a look at http://www.uk.cmcplc.com/index.html
Consider doing a training course, there are plenty around but the ones I am involved with are on http://www.ftsedow.com/bigtrain.htm
Best of luck!
D.

Bullshare - 06 Oct 2003 14:34 - 118 of 460

dalrymp;Little Woman has mentioned the market maker trade, but you might also find this useful. Market makers tend to trade competitively with each other so will normally deal within the spread. If you see a deal within the spread, generally ignore it as it means that MMs are happy to trade stock (eg 192/198 spread and a MM trade price at 197p). If you see the trade go through at either the bid/offer price(eg 198) it generally means they are happy to trade but not so happy as to help a fellow market maker. If you see a trade go through at a premium (eg 199),it generally means that there is a touch of desperation about and the price could move quickly from here!!

debuwebu - 06 Oct 2003 15:38 - 119 of 460

David
Thanks alot for the info

kantona - 06 Oct 2003 22:08 - 120 of 460

i have been trading on and off for the last few years and hve only recently got back into the market again.. i have only ever brought shares with a view to them increasing their short/long term value. i.e a long position

i feel i have been missing out on the other side of trading i.e taking short positions .. for a number of reasons a) i don't know how you can short, whether ur broker would allow u to sell something u don't actualy own .. is it legal .. i know alot of these questions are probably very basic .. but like i said i am trying to learn .. i would like to explore this side of trading further .. i currently trade with td waterhouse.. do they allow this .. any advice on this subject however basic vll b immensley appreciated..

i have read the above thread over and over again and i have found it very informative.. not saying that i've understood it all.. i'm well impressed with the contributors and their willingness to share information ..esp croc .. thx in anticipation

kajman - 06 Oct 2003 23:38 - 121 of 460

kantona

I believe some brokers may let you go short by selling stock you don't own - they first have to borrow it from somewhere, but most traders short with either CFD or Spreadbet accounts. These accounts have the advantage of no stamp duty to pay on purchases - and also you can buy stock on margin, i.e. typically you only have to put up 5% of the contract price.
(However margin is dangerous you can easily trade bigger sizes than you should and end up owing more money if you lose.)

Some other points - when you are short the brokers pay YOU interest (but at a much lower rate than they charge when you are long).
Also if you are short when a share goes ex-dividend YOU have to pay the dividend amount to the broker.

Hope this helps.

Crocodile - 06 Oct 2003 23:49 - 122 of 460

kantonaYes it is legal and its an essential tool for traders.
Look at deal4Free http://www.uk.cmcplc.com/index.html as a good broker to start with. No Stamp duty, no charges just the spread.
If they have clients buy 1,000,000 Vodaphone of them and 1,000,000 go short on them they are very happy and pocket the spread. No trades are put through the market!
However if they are not equal then they would place a trade on the stock exchange to cover themselves for the difference.
Good points by Kajman above as well!
Basically going short is just the opposite of going long and most traders do both nowadays.

snoball - 07 Oct 2003 01:42 - 123 of 460

kantona,

try Finspreads as well if you want to start small - for the first eight weeks
you have an account they will let you trade with pennies.

washlander - 07 Oct 2003 07:45 - 124 of 460

Can you short/long CDF'S on any stock ie. Do the companies [I am with comdirect]only deal with the CDF'S they hold,or can I, if I wanted, short a particular company. Will I be able to do so. For example I wanted to short AZM maybe to protect my investment. How do I go about it.
Thanks in advance.

little woman - 07 Oct 2003 09:51 - 125 of 460

Not all companies deal CFD's (They are considered high risk, and the companies that deal in them are required by the FSA to prove - and not just pay lip service - that you understand the risks involved before they give you an account. Also some shareholders make it a condition of thier account that the shares they hold cannot be used by the broker for others to short so many brokers just find it easier not to get involved.) The ones that do, tend to specialise in it.

In theory you could short/long any CFD's but if they are shares that are not traded in large volumes the spreads can be very wide. Don't forget the prices you can get are set by the company you have an account with. The traders room have a few threads on the problems of getting the deal they want etc. etc. Shorting to protect longs, don't really work because of the spreads and costs. CFD's are best for dealing short term. They are more like trading options!

deal4free have a facility where you can try out some example deals to see how it works.

kantona - 08 Oct 2003 21:23 - 126 of 460

thx kajman, croc, + snoball for the words of wisdom ... i vll explore the above sites perhaps start by holding a 'mock' portifolio, get some experience before dipping in.. once again i'm grateful for the advice...

Seymour Clearly - 08 Oct 2003 23:03 - 127 of 460

Kantona, also have a look at e-trade. They deal cfd's, 3k min account balance 9.95 per deal each way, but you can set up a virtual 100k account by clicking on their advert below. They will probably let you run it for longe if you want before you open an account. I don't use them but lots do.

Very few of the "traditional" brokers will let you run cfd accounts, and most share dealing accounts do not have a shorting facility.

ricardopage - 09 Oct 2003 15:01 - 128 of 460

I've a question re trade types.

I see AT trades going through but my list of types doesn't have this one.

Is it 'automatic' where a limit or stop trade has been triggered?

thanks.

IanT(MoneyAM) - 09 Oct 2003 15:06 - 129 of 460

ricardopage:

'AT' is an automatic trade generated by the sets system through the order book.

Regards

Ian

ricardopage - 09 Oct 2003 15:08 - 130 of 460

Thanks Ian.

washlander - 09 Oct 2003 20:37 - 131 of 460

This is for Croc. I think I read somewhere you saying not to hold a losing position. Can you please explain where exactly you would consider a losing position to be. For example below a certain percent or at the end of a days trading when the shares are heading south with more sells then buys.
Thanks in advance.

Crocodile - 09 Oct 2003 22:02 - 132 of 460

Washlander
Big question!
On daytrading I use constant re evaluation. If I no longer would take out the position I close it even if it has not moved! IE a sudden change in the direction of the FTSE or perhaps the Level 2 order book starts to look dangerous. A very cautious approach but it works for me.
On my longer term trading I stay with a share as long as it remains within its channel / trend or it does a 123 movement on the chart which signals a close.
Of course you could use a moving stop loss to achieve a similar result. But I feel this method gives better results as it keeps you in winning positions longer
D.

superrod - 10 Oct 2003 19:49 - 133 of 460

sorry if this has been asked before BUT

how come when i watch SETS stocks, very small AT trades move the price, but relatively large trades ( i presume through mms ) seem to have little or no effect?

excellent thread btw
keep it near the top, i was lucky to find it.

washlander - 11 Oct 2003 08:20 - 134 of 460

Hi Croc,
Thanks for the info, this is Washlander's wife, Liz. What do you mean by a 123 movement on the chart etc..
L.

Crocodile - 11 Oct 2003 10:20 - 135 of 460

Hi Liz Washlander

This is 123 analysis, the 123 is the triangle formation as can be seen on the chart above.

The number 3 point when it drops below the 1 signals a SELL and of course If I was long I would close or go short.

On a rising trend the opposite is true.

Crocodile - 11 Oct 2003 10:45 - 136 of 460

Superrod have you got Level2?

In the L2 example the real power is with the 600 trade BOT (See BOTS) order above.

Every time it is filled it is automatically replaced by another of a similar size.

So although small it has enormous power.

It is filled approx every 5 minutes so

600 share * 12 times and hour * 8 hours a day * 5 days a week * 4 times a month. = 1, 152,000 shares

So these small trades can have far more power than you think!

haines - 11 Oct 2003 12:02 - 137 of 460

Can anyone advise me where I can find old charts with intraday movements. I want to back test some theories but can only view the last 16 days and thats with Deal4free

Thanks in advance
Mike

superrod - 11 Oct 2003 12:03 - 138 of 460

crocodile,
thanks for that, i just wish i had more time ( and shares ) to make L2 a viable investment.
keep up the good work
and a good weekend to all.

terod - 11 Oct 2003 12:07 - 139 of 460

crocodile

as you've a wealth of information at your fingertips....

please can you direct me to where i can see previous DOW intraday charts, say for the last 3 months (tall oder to sift through perhaps but it's the one area i'd like to head, ie start trading, but would like to get a feel for how it moves.

also, is there anybody who offers a good Level2 introductory session (not too basic as i've lots of bitty knowledge).

thanks.

t.

Crocodile - 11 Oct 2003 12:26 - 140 of 460

haines, terod.
Yes I would like historic intraday charts as well for some analysis I am doing. Anyone else have any ideas?

Terod
Yes there are many courses thats cover Level2. I myself do with Global Markets Training in London http://www.glomtc.com/
And one the North of England http://www.ftsedow.com/bigtrain.htm
Ther are a few others as well advertised in shares mags.

Mega Bucks - 11 Oct 2003 12:50 - 141 of 460

http://www.ftsedow.com/bigtrain.htm

The above course comes highly recommended as i have been on it :-)

trouble is cant remember who took it i think it was some bald headed guy called croc or something like that:-)

Mega...

terod - 11 Oct 2003 13:03 - 142 of 460

well, sounds good to me.....when's the next training session! London please.
I'll check the link in case the info's there.

washlander - 11 Oct 2003 17:36 - 143 of 460

I and my wife will have some of the London one please.
my email is
ian.power@onetel.net

Crocodile - 11 Oct 2003 17:44 - 144 of 460

Washlander
Passed on your request to Mike!
Look forward to seeing you
David

washlander - 11 Oct 2003 17:52 - 145 of 460

Thanks croc

Bullshare - 13 Oct 2003 10:46 - 146 of 460

washlander/terod. If you want a London based course have a look at www.glomtc.com. You will see we do a three day course. Or you can take the course in individual days.

Day 1 : Charting (with Limpsfield Chartist
Day 2: Short Term trading (with me)
Day 3: Live workshop (with Crocodile)

regards

mike

terod - 13 Oct 2003 10:55 - 147 of 460

BULLSHARE - thanks, have had a look and will get myself on the 3-day course.

Btw....i'm holding ISYS at present got 12k of them still from last week which is was unable to close on friday for various reasons. i saw the news in the paper on sunday and thought today would see a nice rise.

it's up 2-3% but the volume is huge, largely buys with no 'funnies' to mention. the price is very static - why? i would have thought it would be a bit more 'active' today ?

all comments welcome.

thanks.

t.

zzaxx99 - 13 Oct 2003 12:39 - 148 of 460

-- superrod,

re: the AT trades moving the price. The ATs are by definition happening off the top of the order book, so if an AT trade takes the only order at that price off one side of the order book, the touch has to move (to whatever the next price down is)

To use the example from croc's #135 (and assuming there are no bots acting), if a sell for 600 or more comes in at 320.5 then the touch will move from 320.5/330 to 320/330 (next price down on the buy side)

terod - 13 Oct 2003 13:03 - 149 of 460

zzxx99 - does your 'superrod' post apply to 'TEROD''s question?

t.

zzaxx99 - 13 Oct 2003 13:54 - 150 of 460

No, my spelling's not that bad :-) There was another post further up the thread (#132) from "superrod", about small AT trades moving the price.

Tradman - 14 Oct 2003 17:41 - 151 of 460

New Trading Question for Crocodile

I'm new to day trading and would much appreciate an answer to the following:-

I went long on Bellway this morning after the positive trading news and was suprised to see it go down. Are the results already in the price in this situation and if so how can you get in early enough to benefit?
Hope this doesn't sound a nieve question.

Any comments welcome.

Crocodile - 16 Oct 2003 12:54 - 152 of 460

Tradman its not easy
Look at premarket trades as an indicator and if you have Level2 it can be a big help to gauge sentiment.
Yes the results are often in the price so check if they are below or above market expecations.
Also I always go with th overall market direction as well. For example I shorted the PRU this morning as results were slightly below expectations, market futures were negative and there were plenty of sellers in the order book in case I called it wrong and had to get out quick!
Hope that helps
D.

Tradman - 16 Oct 2003 16:07 - 153 of 460

Crocodile - thanks a lot for your thoughts.

I've been looking at the shares that have risen today (on ADVFN Free level) to see if there is any correlation between rising shares and more buyers than sellers. There doesn't seem to be any relationship. From your comments I imagine that this is like looking at orders on a dispatch desk without knowing what orders are in the in tray (so to speak).
Can you recommend MoneyAM's level2 service?

This thread is extremely useful and I'm grateful to yourself and everyone for taking the time to help newbies like myself.

little woman - 16 Oct 2003 19:42 - 154 of 460

I for one can recommend the moneyam Level 2. But you need to attend one of Bullshares talks to understand the basics to utitlise it properly. I took of several of the free offers first, as I could not justify the cost, but found I missed it when they ran out and I wanted to know what the orders on the books were before doing a trade!

DealerDaveT - 16 Oct 2003 20:13 - 155 of 460

Could someone help me with regard to level 2 i have looked at ADVFN which haseveral monthly plans I want to track ftse100 and other indicies, not sure how far i need to invest monthly to be able to monitor trends quickly what other alternatives are there?

DealerDaveT - 16 Oct 2003 20:15 - 156 of 460

is money am as good as ADVFN?

little woman - 16 Oct 2003 20:18 - 157 of 460

Can't help you there as I've only ever used the Moneyam one. If you ask nicely (and send bullshare an e-mail) I'm sure he'll arrange a free week trial.

zzaxx99 - 16 Oct 2003 21:51 - 158 of 460

-- DealerDave,

I've used both, more so the Advfn one - I much prefer the Advfn one, though it may just be a matter of personal taste. I find the trades much easier to read on Advfn L2 (and more of them) and the screen generally more attractive and easier to read at a glance. The MoneyAM one looks like an old DOS program - sorry chaps, but it does - and I don't find it easy to see what's going on at a glance - there's no clear delineation between different bits of information.

Crocodile - 17 Oct 2003 08:16 - 159 of 460

The new AM terminal about to go live will allow as many L2 screens as you wish. (Click on second image)
They have a simplified L2 allowing 8+ on a single monitor + news, stocklists, web pages with auto refresh and lots more!

For those with multiple monitors.!! Click image for full view

For those horse racing fans.!! Click image for full view

little woman - 17 Oct 2003 08:27 - 160 of 460

Morning all,

Amazing croc (am I too easily impressed)!?

Tradman - 17 Oct 2003 12:53 - 161 of 460

LITTLE WOMAN

I use the moneyAM intraday charts (Free level at moment) and notice that whenever a price moves, the spread betting prices always move first - do you know if on Level2 it is possible to see price movements at the same time as the SB companies? - or is that utopia!

Comments from yourself or from any other Level2 users would be very much appreciated.

PS Like the kicking cartoon - know the feeling!

little woman - 19 Oct 2003 11:23 - 162 of 460

You see the price movements as they happen - sometimes too fast to react to! I find my limit orders on my normal trading accounts can react to these price movements (and I have managed to get some really good prices in the process)
but found my limit orders on my CFD account did not (in fact they offen did not react at all - which is why I've decided not to bother with SB companies.

superrod - 19 Oct 2003 21:48 - 163 of 460

thanks for replies re AT trades. still trying to get my head round it

Caravaggio - 19 Oct 2003 22:46 - 164 of 460

Croc can you recommend any publications on charting...?
Many thanks in advance
C

zarif - 19 Oct 2003 23:23 - 165 of 460

Carvaggio:
Look at "beyond Candleticks" by Steve Nison who is also an author of
"japanese candlestick charting techniques"

I found his language and explanations very detailed and informative.

rgds
zarif

Crocodile - 20 Oct 2003 00:06 - 166 of 460

Carvaggio:
David Jones (Limpsfield Chartist) is the TA guy, I will ask him to suggest a few good TA books.

kantona - 20 Oct 2003 00:15 - 167 of 460

Dil - 20 Oct 2003 00:41 - 168 of 460

Could one of you please tell me a share that will go up at least 20% this week cos I lost a packet yesterday on S. Africa

Cheers

Tradman - 20 Oct 2003 10:27 - 169 of 460

LITTLE WOMAN - many thanks for your reply

Marzipan - 20 Oct 2003 10:32 - 170 of 460

2002/3 Losses v 2003/4 Capital Gains. Do you know if I can offset last years 5 fig. losses against my gains for this year, once my CGT allowance has been used. thx.

Marzipan - 20 Oct 2003 10:45 - 171 of 460

Croc... you mentioned multiple monitors... any info on cost, software and supplier? As I am in my 1st year of full time trading is there an ideal no. of monitors I should consider. thx

little woman - 20 Oct 2003 10:54 - 172 of 460

Previous years losses are offset against current year profit before CGT allowances (Allowances are always the last deduction to be made when working out CGT liability).

Losses are also set off after indexation but before taper relief, so it is alway best to offset against assets with the lowest taper relief. But you can offset enough losses so that you can after taper relief claim the CGT allowance and c/fwd balance to following year. (Although there are other factors that may have to be taken into account)

Now you understand why accountants charge so much to work out CGT and guess what their fee is not tax deductable!

washlander - 20 Oct 2003 11:15 - 173 of 460

When is this new MoneyAM terminal going live do we have a date?

Crocodile - 20 Oct 2003 11:50 - 174 of 460

Marzipan
www.traderpc.com

Washlander It is up and running and if you have MoneyAm level2 and send an Email to mike@moneyam.com im sure he will let you have a beta trial
D,

Marzipan - 20 Oct 2003 12:32 - 175 of 460

Croc / little woman thanks for your quick reply. Its very useful having this source of help when u are sitting trading alone at home and not sure where to get the info. thanks.

guysands - 20 Oct 2003 12:56 - 176 of 460

Ahhhh!

Help! Anyone out there a previous Nothing Ventured user? They've sold out to Fastrade and we've all been moved over to that site.

What a mess - this Fastrade site is crap. I'm so pissed off I can hardly type this message. NV was such a brilliant trading tool and now we've got this. What the hell are they playing at. Couldn't those numbskulls at Charles Stanley see that the NV site was much superior to there own and use that instead and just stick their Fastrade badge onto it.

Any ex-NV users please let me know what your thoughts are today.

I have started a new thread to discuss the NV/Fastrade issue.

Please post your comments there as I intend to email them all to Fastrade to let them know how dissatisfied we are. This is the link:

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1430

or search under the epic code of NV.

The title of the thread is Nothing Ventured vs Fastrade.

Many thanks.

Guy

Stan - 20 Oct 2003 14:42 - 177 of 460

I have just sold a share and noticed on the moneyam live prices that whilst the details are spot on the sell is recorded as a buy,in view of this can we rely on live prices anymore as regards acuracy.

Thank You.

Crocodile - 20 Oct 2003 14:45 - 178 of 460

Stan
There is no such thing as a buy or sell on a list of trades. Ie for every buyer there is a seller. So the software which calculates the buy & sells has to make some guess if the spread is tight and moving.

ricardopage - 21 Oct 2003 09:39 - 179 of 460

Any reason why I'm not seeing any trades going through on my trades screen until about 20mins later?

I've had a look with various stocks eg LLOY shows last trade as 9:05 for me.

was ok yesterday.

thanks.

IanT(MoneyAM) - 21 Oct 2003 09:40 - 180 of 460

ricardopage - e are aware that tere is a problem at the moment, which we are currently working on.

Please accept my apologies for the inconvenience.

Regards

Ian

ricardopage - 21 Oct 2003 09:43 - 181 of 460

Thanks Ian

IanT(MoneyAM) - 21 Oct 2003 09:49 - 182 of 460

Guys,

The live stream on stockwatch and trades should now be back - if you haven't already re connected, please refresh your screen.

Apologies for the inconvenience.

Regards

Ian

hilary - 21 Oct 2003 10:40 - 183 of 460

Dear Dil,

Stick to ironing. Rugby and shares obviously aren't your forte.

:-)

pericles - 21 Oct 2003 11:12 - 184 of 460

Crocodile, Is there a ftse 100/250 constituent which is a fairly reliable Dow tracker ? I have no volume on my index data uk style so am thinking a suitable share wd give some proportionate figs.

Crocodile - 21 Oct 2003 17:05 - 185 of 460

Some Trackers to consider

Caravaggio - 21 Oct 2003 20:07 - 186 of 460

Many thanks zarif and croc...sorry for late reply been away on business:)

pericles - 21 Oct 2003 20:46 - 187 of 460

thanks for that croc, p.

ricardopage - 23 Oct 2003 14:34 - 188 of 460

I have a question regarding warrants.

can I keep my warrants and still excersise them on the relevant dates if I've sold the original shares they were issued under?

thanks.

zzaxx99 - 23 Oct 2003 15:04 - 189 of 460

-- ricardopage,

Yes - there is no connection between having the warrants and having the shares - you may have received the warrants as a result of having the original shares, but that's it.

ricardopage - 23 Oct 2003 15:06 - 190 of 460

zzaxx99

many thanks

Stan - 23 Oct 2003 16:29 - 191 of 460

Why is it that the iShares stock does not carry stamp duty please? not that im complaining that is.

Gausie - 23 Oct 2003 16:57 - 192 of 460

Croc, why is calling an image 'temp.gif' a bad idea?

;o)

Crocodile - 23 Oct 2003 18:06 - 193 of 460

lol
ooops !
Sorted, Thanks G.

manby - 23 Oct 2003 18:27 - 194 of 460

zzaxx99 - 23 Oct 2003 18:49 - 195 of 460

-- Stan

Short answer is that it's not really a stock, it's a derivative (to all intents and purposes an index tracker fund) "packaged" to look like a stock - but "looking like" doesn't make it liable to stamp duty.

Thats a gross simplification of what ETFs are, but it's near enough for most purposes.

Stan - 23 Oct 2003 19:17 - 196 of 460

Yep, That sounds good enough to me ZZ, Thanks a lot.

snoball - 23 Oct 2003 21:22 - 197 of 460

What does 'fade' or 'fading' mean?
As in fading the trend.

Thanks you.

Gausie - 24 Oct 2003 12:35 - 198 of 460

snoball.

fade

( P ) Pronunciation Key (f

d)v. fad·ed, fad·ing, fades v. intr. To lose brightness, loudness, or brilliance gradually; dim: The lights and music faded as we set sail from the harbor. To lose freshness; wither: summer flowers that had faded. To lose strength or vitality; wane: youthful energy that had faded over the years. To disappear gradually; vanish: a hope that faded. See Synonyms at disappear. Sports. To swerve from a straight course, especially in the direction of a slice. Football. To move back from the line of scrimmage. Used of a quarterback. v. tr. To cause to lose brightness, freshness, or strength: Exposure to sunlight has faded the carpet. Sports. To hit (a golf ball, for instance) with a moderate, usually controlled slice. Games. To meet the bet of (an opposing player) in dice. n. A gradual diminution or increase in the brightness or visibility of an image in cinema or television. A periodic reduction in the received strength of a radio transmission. Sports. A moderate, usually controlled slice, as in golf. Phrasal Verbs:fade in To appear gradually. To cause to appear or be heard gradually. Used of a cinematic or television image or of a sound. fade out To disappear gradually. To cause to disappear gradually. Used of a cinematic or television image or of a sound. [Middle English faden, from Old French fader, from fade, faded, probably from Vulgar Latin *fatidus, alteration of Latin fatuus, insipid.]

BarryParker - 24 Oct 2003 13:13 - 199 of 460

Can you explain why for Pursuit Dynamics (PDX), the Buy Volume is currently 181,308 and the Sell Volume is 561,639 and the price is rising.

Barry Parker

little woman - 24 Oct 2003 13:43 - 200 of 460

For someone to buy some shares, someone else has to sell - as all share deals are matched. The computer tries to guess who actually offered to either buy or sell the share first by the price. So if someone selling manages to get someone to buy the shares at a really good price it is recorded as a buy, rather than sell. So buy & sell volume you don't always effect prices.

snoball - 24 Oct 2003 13:56 - 201 of 460

er, thanx Gausie.
I wanted to know what it meant in a trading context.

Gausie - 24 Oct 2003 14:00 - 202 of 460

Barry

Cos it's a top stock!

;o)

Seriously - what Littlewoman says is correct. But I'd also like to add that PDX is traded SEAQ and has a very small NMS. There have been many trades today that are large multiples of NMS. The stock exchange reporting mechanism automatically delays the reporting of trades over NMS to a very strict formula to provide the market makers with a little bit of opaque that they can hide behind. Some of these trades you'll see later, and some you probably wont ever see.

zarif - 27 Oct 2003 14:41 - 203 of 460

hi.Good afternoon
this important thread was lagging behind so decided to bring it at the forefront.

What do you think we are going to achieve on the topside on the dow today????

rgds
zarif

little woman - 28 Oct 2003 10:17 - 204 of 460

I've got a question - A "R" trade is a Risk less Principal transaction at a different price trade.

This mean't absolutely nothing to me - anyone like to enlighten me?

terod - 28 Oct 2003 10:19 - 205 of 460

is there any 'site' which will provide a list (or ability to compile alist) of top, say, 30 FTSE/DOW stocks where there is a daily price swing above a specified percentage? I'm looking for intraday volatility BUT ONLY in very liquid stocks, hence FTSE100 and DOW30.

any/all help appreciated. thanks.

t.

dalrymp - 28 Oct 2003 11:50 - 206 of 460

Can a company get a rerating at anytime or does it usually happen when full year results are announced?

zarif - 28 Oct 2003 13:10 - 207 of 460

Hi Croc:
How are u keeping? fine I hope.
What are your views on the dow today.
Seems to be going sideways ast present just like our ftse. I think its going to shoot up a bit to about 9650 odd and then take a downer below 9500 within a short time.

rgds
zarif

little woman - 29 Oct 2003 01:03 - 208 of 460

Lots of questions - but lately no answers!

Crocodile - 29 Oct 2003 01:09 - 209 of 460

Hi!
Still here ;-)
Dow looked very strong on the back of the FED descision to hold rates for some months ahead.

dalrymp
Anytime!

dalrymp - 29 Oct 2003 09:01 - 210 of 460

Crocodile

Thanks

Bullshare - 29 Oct 2003 09:23 - 211 of 460

terod; have not found a site that offers that, but maybe we could see if we could do something here on Moneyam.

Here, under Active level subscription, we have some market scanners which will spot the UK ones.

Mike

terod - 29 Oct 2003 09:47 - 212 of 460

bullshare,

yes please...i had thought it possible to copy to clip board the 'RISERS' and that would give those for current day which are trading +/- X% of their opening price, range etc.

would be nice to then be able to compile a list where a known group of companies REGULARLY swing +/- X%......better still have somewhere were all that is done 'online' thereby saving having to download/excel it etc.

t.

dalrymp - 29 Oct 2003 15:24 - 213 of 460

Anyone

What does BC after a trade (BUY) mean. Just saw it on RTD trades.

Many thanks

little woman - 29 Oct 2003 15:49 - 214 of 460

apparently Bargain Condition - anyone want to explain what it is?

Exotoxin - 29 Oct 2003 16:00 - 215 of 460

Sometimes used to show a T+20 purchase for example - i.e. an exceptional condition.

dalrymp - 29 Oct 2003 16:26 - 216 of 460

Thanks little woman and exotoxin.

There were 2x200,000 buys and a 250,000 buy for rtd, maybe something is afoot!!!!!

washlander - 01 Nov 2003 00:23 - 217 of 460

I trade with Comdirect. They do not do after hour trading. How or where can I learn more about this as I notice certain hugh buys or sells take place after hours and I am locked out.

washlander - 03 Nov 2003 09:53 - 218 of 460

Another question.
If interest rates go up this week. Would I be right in thinking that a there is a good chance of defensive stocks would be the place to be in?

little woman - 03 Nov 2003 10:10 - 219 of 460

The big question is - will the market act rationally?

Personally I don't understand why it should make any difference (Not until the interest rates double from their current level) - it certainly didn't when the rates went down. In fact for example I'd be very surprised if many peoples mortgages will go up much, as they certainly didn't follow very closely the rates on the way down!

With the US interst rates @ 1% and no sign of it increasing, more money should be shifted from the US to the UK if rates do go up (weakening the $) - and in turn strengthing the UK Market!

goldfinger - 03 Nov 2003 10:21 - 220 of 460

Have to say guys that I think interest rates increase of a quarter percent is already priced into the market, the problem would be if we were on the end of a half point rise, but I dont see that coming.

If you are holding in a finance company though I would start to be looking to off load. If Gordon Brown hikes up taxes as is generally thought and we get the rates increase these type of companys will come under pressure.

Three Gurus have warned on this in the last few weeks, David Schwartz the stock market historian, Evil Knievil and Edmund Jackson.

On the market as a whole I am rather bullish and am hoping for an xmas spike.

Good luck to everyone.

GF.

Melnibone - 03 Nov 2003 10:29 - 221 of 460

In fact for example I'd be very surprised if many peoples mortgages will go up much, as they certainly didn't follow very closely the rates on the way down!

Banks look after themselves.
When rates go down they drop them straight away for savers but drag
their feet for borrowers thus maximising their differential.

When rates go up they will raise the borrowers and drag their
feet for the savers.

Don't forget that 0.25/0.5% has a greater percentage effect at 3% than it will
at say 9.0%.

Melnibone

goldfinger - 03 Nov 2003 10:38 - 222 of 460

Spot on Melnibone, and your reasoning also adds weight to the problems Finance companies will face as they borrow from the banks at say x interest rate and pass these onto their customers at xxxx interest rates. I dont beleive the finance companies offer any fixed term loans.

gf.

Many thanks for that, Im going to use your example on another board where too many posters are oblivious to the problems caused by rate hikes. Many thanks again.

easty - 03 Nov 2003 10:40 - 223 of 460

croc hi,
i'm hunting around for a long term saving plan with the best growth potential.
ive looked at fidelity.co.uk at there multimanager growth portfolio which on the face of it looks quite good.
I plan to stick away 1k a month.
i would be gratefull if you or anyone could help me out.
Many thanks
Easty

little woman - 03 Nov 2003 10:43 - 224 of 460

This may be a silly question - but very few varible rate mortgages ever got as low as 3%! Most are around the 5-5.5% level!

Crocodile - 03 Nov 2003 21:47 - 225 of 460

easty I am not the best person to ask on this, according to Radio4 the other day the record on many of these savings plans is awful.
Anybody have any good ideas?

ricardopage - 04 Nov 2003 17:23 - 226 of 460

How do you take a short position on a share?

I use a basic Self Trade account (still!) is it possible to use this type of account to short shares (not CFD's)?

Maybe I should ring them up!

Only asking as it seems much easier (for me) to spot a stock that's about to drop rather than one about to rise.

zzaxx99 - 04 Nov 2003 19:47 - 227 of 460

-- ricardopage,

You generally need an old fashioned dealer for this. Online execution-only accounts don't allow you to short unless you have an account that allows T+ settlement (ie T+10, T+20). In that case, some will allow you to sell stock that you don't have, provided you cover within the settlement period.

However, in most cases, this is either not allowed, or only allowed due to crap systems that don't check your current holding before letting you trade.

Crocodile - 04 Nov 2003 21:34 - 228 of 460

Ricardo
Consider opening a CFD account it can be much less expensive as there is no stamp duty.
D.

dannycarswell - 06 Nov 2003 10:10 - 229 of 460

Morning all, very basic question for the likes of you guys. p/e ratio means exactly what? many thanks!!

little woman - 06 Nov 2003 10:51 - 230 of 460

Price to earnings ratio

dannycarswell - 06 Nov 2003 10:57 - 231 of 460

thanks LW. sorry for sounding really thick but how is that calculated.

little woman - 06 Nov 2003 11:01 - 232 of 460

Sorry - forgot to actual post something!

It'll take me a while to remind my self the exact, but off the top my head its something like the share price times the number of shares in issue divided by the annual turnover

But I'm wrong, and someone beats me to the correct answer please feel free.

Velocity - 06 Nov 2003 11:14 - 233 of 460

I think the important thing to remember with p/e's is to avoid companies with excessively high ones. A company with a high p/e must have incredibubble growth to justify it's high price - so a good starting point can be to benchmark it against it's competitors in the same sector.

little woman - 06 Nov 2003 11:23 - 234 of 460

Velocity - I'm surprised by what you say - as I was always told the opposite! Avoid companies with very low ones! Admittedly with companies with excessively high ones, I would take a second look to make sure that it is not just a temporary thing (It can be high just because they sold part of the company, which would have inflated earnings for that year only).

Fundamentalist - 06 Nov 2003 11:28 - 235 of 460

P/E ratio is calculated by dividing the share price by the earnings per share, where the earnings per share is calculated by dividing the profit by the number of shares in issue.

So in long form, the P/E ratio is the share price multiplied by the number of shares issued divided by the annual profit

ajren - 06 Nov 2003 11:29 - 236 of 460

I started by saying ----keep things simple
On reflection--after reading the posts -- I suggest you keep things simple
AFTER you have reached the stage of knowing above.

Velocity - 06 Nov 2003 11:42 - 237 of 460

little woman - I did a bit of research into it, admittedly a few years ago, but the result was very marked. I looked over a timescale of years at companies with very high p/e's, and companies with very low p/e's - ie the extremes of both. I found that in the case of high p/e's the companies share price consistently underperformed those of the low p/e's for the following number of X years. All I know is that the factual evidence showed that the low p/e stocks racked up superior % share price growth vs their higher priced peers. Saying that, I would be quite happy to be proved wrong & I'm sure there are far better skilled fundamentalists out there than me.

dannycarswell - 06 Nov 2003 12:05 - 238 of 460

cheers everone, it is all so clear now. happy trading all.

chadbukl - 07 Nov 2003 07:54 - 239 of 460

Is there an equivalent of the TICK & TRIN for the fTSE?

JonP - 07 Nov 2003 09:50 - 240 of 460

chadbukl

If you look at 'chart school' - personally I find this site really useful

http://stockcharts.com/education

and specifically:
http://stockcharts.com/education/IndicatorAnalysis/indic_TRIN.html
http://stockcharts.com/education/Glossary/TICK.html

you can find exactly how these indicators are calculated and this can be done for any instrument.

chadbukl - 07 Nov 2003 10:11 - 241 of 460

thxs

Crocodile - 09 Nov 2003 02:39 - 242 of 460

Thank for that link Jon
Also chadbukl have a look at http://www.snappytrader.com/info/info.htm

goldfinger - 10 Nov 2003 00:41 - 243 of 460

Can anybody help me with this one. How do you post a live link on here???, eg, if I wanted to post an article from another board , well on other sites you just make sure that you have the HTTP// in front of the address and then you copy and paste, but on this board it comes out dead.

Its easy with charts you just use the and the chart is transfered but I dont know how to transfer addresses over. Any help please.

cheers GF.

washlander - 17 Nov 2003 15:33 - 244 of 460

Resistant Levels. How do calculate them.
Thanks in advance.

little woman - 17 Nov 2003 15:47 - 245 of 460

Goldfinger

- go to the todays traders thread and on the bottom of the main bit, above the first post is a HTML Editor - click on that and details of how to use it are on the bottom. Once finished - just cut & paste to this site!

Washlander

- go to the todays traders thread and on the bottom of the main bit, above the first post is a pivot calc. You can use this try and calulate Resistance levels.

washlander - 17 Nov 2003 15:50 - 246 of 460

Thanks will do

markp - 20 Nov 2003 01:17 - 247 of 460

Hi everyone - wonder if anyone can help with a spreadbetting question and how to set a stop loss.

If I buy at 1 and want to take a profit at 1.10 I think I set a limit order at that amount and if I want to limit my losses, I think I would set a Stop at say 90p.

What I don't understand is if I am betting on a price dropping, I have already sold the shares, so what do I use to take a profit and, more importantly, how do I stop my losses. I think I would need to use the limit & stop orders the other way round but am a little confused???

Great thread, especilly for me as I am really new to this arena and learning quickly by reading threads like this one.

Thanks in advance.

Mark.

little woman - 20 Nov 2003 08:35 - 248 of 460

I'll let someone else answer your other questions.

But when you think the price is going to drop you sell the shares at say 2. if the shares drop to 1.50 then you can buy them (which clears your outstanding sell) and as if you had done it the other way round - Buy @ 1.50 and sell at 2.00 you pocket the difference. Stop losses on these type are set higher than the sellf price. If the share goes up in price you will have to buy the share at a price higher than you sold.

Crocodile - 24 Nov 2003 13:13 - 249 of 460

TTT

markp - 24 Nov 2003 15:35 - 250 of 460

Croc

I've seen TTT on many posts but don't know what it means?

Have come up with the tut,tut,tut, time to trade, tend to (something), two times two and the thompson twins but don't think any of them are right.

What does it mean?

Thanks

Mark.

little woman - 24 Nov 2003 15:40 - 251 of 460

To the top

dalrymp - 26 Nov 2003 02:16 - 252 of 460

washlander - 22 Jan 2004 10:41 - 253 of 460

Hello can anyone plz explain the little arrows on either side of the buys and sells. I appreciate that blue is up and red is down but a fuller explanation would be appreciated.
Thanks in advance.

little woman - 22 Jan 2004 10:50 - 254 of 460

Not sure which arrows your are refering to?

The only ones I have are the ones on the stockwatch which show the overall direction the share has moved since open.

washlander - 24 Jan 2004 22:31 - 255 of 460

washlander - 24 Jan 2004 22:32 - 256 of 460

Please help. What does LWMA50 AND LWMA10 ECT.. mean in the chart section.
Thanks in advance.

Crocodile - 24 Jan 2004 23:17 - 257 of 460

Washlander
Moving average meaning the average price of a security over a specified time period (the most common being 10, 20, 30, 50, 100 and 200 days)

Seymour Clearly - 24 Jan 2004 23:32 - 258 of 460

Dannycarswell - just to confuse things on the p/e situation. Sometimes a company will have a high pe ratio because the market is expecting strong earnings growth so they rate the shares highly - the pe ratio is historical and does not necessarily reflect the current year's trading. So a growth company could have a slightly higher than average pe ratio yet still be worth buying. Worth finding out brokers estimates of future prospects. Agree with everyone else though that overall low pe's are the best firms to buy into.

FirstCall - 25 Jan 2004 17:25 - 259 of 460

Zoltar

quote: "I awoke in the middle of the night with one short sentance in my head that was said at the course that I'd missed; it made the difference between a wasted day and a course worth every penny."

How about sharing that sentence.

FirstCall - 25 Jan 2004 17:49 - 260 of 460

Croc, here is a question for you. I asked it on another board but got no replies.

I have been looking at the volume of trades in Jarvis on the Money AM site over the last three weeks. The effect I am interested in is most prominent over last weeks trades from 19th Jan to 20th Jan.

In that period the Volume record is listed as follows:
Total Buys Total Sells Total Unknown
12,874,902 9,961,496 1,318,661

The imbalance in buys to sells is 2,913,406.
If you put all the unknowns on the sell side there is still an imbalance of 1,594,745 shares on the buy side. (The imbalance over the 3 weeks is a 141k more than this.) With greater volume on the buying side one would expect the price to go up, but the reverse has happened the price has been falling. Why might this be so?

Does it mean that the market makers are shorting the stock? If so how long can they leave their position uncovered?

Crocodile - 25 Jan 2004 18:17 - 261 of 460

Firstcall
Yep, For every buyer there is a seller and seller a buyer. So when transactions go through the computer it 'guesses' whether it appears to be a buy or sell. For example Company X Buy Price 98p - Sell Price 100.
Last Transaction 500,000 at 98.49p
Is that a 'Buy' or 'Sell'? hmmm. Because of the size of the trade it is probably well over the market size so would have been delayed. If the price has moved up in the last hour it could have been a 'Buy' when it appears now to be a 'Sell'
In any case that was a 'Buy' for someone and at the same time a 'Sell' for someone else!
Often on the BB's you see a statement that "Company X has had 80% buys today so why has the price fallen !!!!!?"
And thats why
Hope that helps
D.

FirstCall - 25 Jan 2004 20:52 - 262 of 460

Croc, yes, that helps a bit. Thanks.

But as I understand it MoneyAM tend to put late recorded trades under the 'Unknown' column. If the exact time of the trade is known then presumably if the trade is nearer the offer price than the bid, it is much more likely to be a buy then a sell.

Would Market Makers sometimes end up short of stock they have sold. If so, how long do they have to balance their books? I mean are there set settlement dates for Market Makers? Or is there Industry wide best practice criteria they might follow?

Furthermore would you be able to explain in plain English what the following trade types mean:

K , P, VW , BC

Much obliged for your assistance.

Gausie - 25 Jan 2004 21:11 - 263 of 460

FirstCall - Jarvis is now a SETSMM stock - when AT trades go through, the moneyam stats add the trade to the side of the person who took the order rather than the person who advertised it.

eg - if a share is trading at 98-102, and croc adds a sell order at 101 which I buy, moneyam will record that as a buy @ 101 in a market thats quoting 98-101, whereas in fact it is both a buy (from my perspective) and a sell (from croc's). If you are trying to second guess the MMs, then you need to eliminate the AT trades, and just look at the 'O's - but bear in mind that an MM can also trade with AT trades if he wants to.

Frankly, the entire exercise is pointless - but people like to do it, so moneyam give them what they want.

Crocodile - 25 Jan 2004 21:15 - 264 of 460

Most of the trade types are here http://www.snappytrader.com/info/info.htm#types
Market Makers do hold long or short positions but they are a canny lot and you can bet they do so at a minimum risk. That means not holding great amounts unless they have a buyer or seller to cover them.
Thanks Gausie, better explained than my attempt!

FirstCall - 25 Jan 2004 21:29 - 265 of 460

Gaussie

Quote, "Frankly, the entire exercise is pointless." LOL you may well be right, But newbies like me are always trying to learn, what effects the market. Nothing beats learning the hard way. Or does it?

Thanks for your answer.

Croc, I copied the trade types listed in snappytrader. The k and P I didn't understand, and the VW and BC I didn't find? any clarification in simple English would be appreciated.

Gausie - 25 Jan 2004 22:36 - 266 of 460

VW is a volume weighted trade - ie a trade where a broker has picked up or disposed of stock in the market at varying prices and then fills his client at an average price weighted by volume (VWAP) -

Here's a likely scenario:

I tell my broker to sell 100,000 FKI at the best price he can because I'm convinced they're going down cos they're pants! (you need to subscribe to the Traders room for more detailed reasons) He sells 25k @ 120p, 50k @ 110p and 25k @ 50p - all in the space of an hour.

The VWAP is ((25 x 120) + (50 x 110) + (25 x 50))/100 - so in the trades you see him settle with me with a trade of 100k @ 97.5 marked as VW.

I then cover FKI at 40p (my target) and everyone's happy.

;o)

Seymour Clearly - 25 Jan 2004 22:47 - 267 of 460

Especially you Gausie!

washlander - 26 Jan 2004 10:30 - 268 of 460

Can anyone please explain how a buy [RTD] at 18.75 on level 11 can be discounted by as much as .08 Is this a deliberate attempt by the money makers to keep the price low?
Also no many how many shares are bought the figures on the buy side never move.

Thanks in advance.

little woman - 26 Jan 2004 10:34 - 269 of 460

When I look at L2, I always enter a figure in the filter as there are orders which are there to distort what you can see and this removes them!

At the end of the day a MM is there to make money - and they do sometimes play against each other.

washlander - 26 Jan 2004 10:38 - 270 of 460

Thank you little woman

washlander - 26 Jan 2004 10:41 - 271 of 460

Can you please explain how I can use the filter as I cannot find one on the level 11 screen and what figure would you use. Is the filter on the level two screen?
Thanks again

washlander - 26 Jan 2004 10:51 - 272 of 460

dominic - 26 Jan 2004 12:00 - 273 of 460

washlander, trades inside the dislayed bid offer spread with no associated trade code are often trades executed via a retail service provider and are often small trades (NMS or below). If you use an execution only service like comdirect or idealing, you will almost go through an RSP or 'price-improver' although the 'improvement' in price is often modest.

little woman - 26 Jan 2004 13:07 - 274 of 460

Washlander - I presume you have Moneyam L2 screens? On theirs (I've not used anyone elses so don't know if they are the same) above the actual orders are the words BUY ORDERS Filter (%) & SELL ORDERS Filter (%). Next to both is a box - you can enter a number in this box and as you do it watch the change at the bottom of total orders & depth. Some shares you can use whole numbers, whereas others you need to use fraction. Just experiment.

Zoltar - 26 Jan 2004 15:02 - 275 of 460

Firstcall.
The sentence was 'It should jump out at you'
Make of that what you want to....
ZOLTAR

washlander - 26 Jan 2004 15:05 - 276 of 460

Thanks Dominic.
Hello Little woman. I have level 11 [i paid for the top service with moneyam]. However I do not see anything on the level 11 screen other then the edit display that I can enter anything in. This only appears to allow me to change the default colours.
Sorry to be a pain.

little woman - 26 Jan 2004 15:15 - 277 of 460

Washlander - can you see the words "BUY ORDERS filter(%)?

Bullshare - 26 Jan 2004 15:20 - 278 of 460

Washlander. On the image above you will see 2 white boxes under the yellow strip on SETS stocks only, these are the % filters for the order book.

Mike

little woman - 26 Jan 2004 15:34 - 279 of 460

Just click your mouse in the box and you can then enter a number

washlander - 26 Jan 2004 16:36 - 280 of 460

I do not have that on mY screen. Is that because I am lookig at RTD? and not at a blue chip stock.
Thanks again.

Maggot - 26 Jan 2004 16:46 - 281 of 460

Washlander - yes. It's not on SEAQ stocks.

I was caught out with this one, though. You just put in the figure in the box (on SETS and SETSMM screens only) and it automatically cuts out the prices below that figure. I tend to use 1 or 2 per cent for quick day trading, to show just the offers and bids that are really interested in the current price or thereabouts. It depends on the likely swing in the next five or ten minutes or so; I gauge (guess) this from the five-day charts. For longer-term trades you will probably need a considerably larger figure.

FirstCall - 28 Jan 2004 08:37 - 282 of 460

Zoltar

Quote: "It should jump out at you"

Very enigmatic.

Has it really made a difference to your trading?

Zoltar - 28 Jan 2004 11:00 - 283 of 460

Yes - as far as stock selection goes....I can whizz through stock charts on Sharescope to see which ones I'm interested in.
Still got to get timing right though....which is easier said than done!
ZOLTAR

FirstCall - 28 Jan 2004 19:27 - 284 of 460

Zoltar

Would you then reccomend the course you went on to others?
Who ran it?
How much do they cost?

Has anyone else found useful training anywhere?

Gausie - 28 Jan 2004 20:47 - 285 of 460

Firstcall

http://www.glomtc.com

Zoltar - 29 Jan 2004 15:42 - 286 of 460

Firstcall.
It all depends how much time you want to put in and how much you want to spend.
I like books.....you get much more for your money, and you learn at your own pace. Courses are much more expensive, and you get lots of information put in front of you in a very short time - easy to miss things.
I went on the GLOMTC trading course, which cost 350. It was very good, and was run by David Jones (limpsfield chartist) and Mike Boydell (bullshare).
Was it worth the money? hmmmmmmmmmmm???? On balance yes, even though I'd already learnt lots from my books - I've got most of the common ones that everyone talks about. But they emphasize which are the most important things.....coz there's lots of 'non information' on trading that just acts as a distraction.
In this game knowledge is power......and there's lots to learn and lots of traps and pitfalls.......which I've been caught in many times......and still do......I'm only just learning that spreadbet companies are b******rds, especially their rip off spreads.......and put a stop on something and it becomes almost magnetic for their quotes...but enough moaning...
Overall, it depends how serious you want to take things and how much money you want to spend.
Hope this helps
ZOLTAR

Zoltar - 29 Jan 2004 15:56 - 287 of 460

.....and one other thing. You need your own software. Sharescope is the best use of twelve quid a month I've ever spent. It's all too easy to just rely on a few people's postings on a bb, but you need to do your own thing to ever make it trading...not that I'm saying I have coz I haven't.....but I know you won't ever improve at all, not even on to the first rung of the long learning ladder, if you just take others' tips. And sharescope gives all the fundies and charty stuff you need....
ZOLTAR

cladisporium - 30 Jan 2004 12:05 - 288 of 460

Can you please explain why, after acting on your tip (Cytomyx Holdings), It would seem I have lost substantially as a result of consolidation. I originally tried to purchase 8000 of stock at the end of Dec 2003, however I could at that time only purchase blocks of 25,000 shares @ 1.65p (412.50)
Two days later I found I could purchase 8000 of stock which I did at 1.75p.
The following day I received a letter from my stockbroker informing me that subject to approval at an EGM to be held on 12 Jan 2004 that the ordinary shares would be consolidated at 2.5p for every 25 ordinary 0.1p share. This effectively valued my holding at approx 6500 a loss of nearly 2000. Surely this cannot be correct. can you comment please

little woman - 30 Jan 2004 12:29 - 289 of 460

All shares are given a notional value when they are first issued, which never changes. What you pay for the share is the traded price not the notional price.

You bought ordinary shares of 0.1p for for the amount they traded at of 1.75p

The consolidated shares are just the notional price being increased, to reduce the amount of shares in issue.

I was looking at the share price, and in dec 03 it was trading between 30-40p so I don't understand how you paid 1.75p

You should expect the trade price to change in line with the change in shares in issue.

little woman - 30 Jan 2004 12:59 - 290 of 460

For anyone who needed proof of why looking at the buys & sells trades are misleading, take a look at TGM.

Currently only two trades. The second one is recorded as a sell because of the price. I infact bought 582 shares @ 149.50 for my long term portfolio. I saw the price my broker was prepared to sell the shares for and I couldn't refuse.

I suspect the broker had some shares he wanted to sell, and thats why I got such a good price. Prices are dictated a lot of the time by how much stock the broker has available, within the bid & offer prices which are dictated by the MM.

washlander - 01 Feb 2004 12:23 - 291 of 460

Anyone suggest a good book I could buy that would show me how to use graphs properly. I intend to go on a one day course in the near future and feel it would be beneficial if I had a basic understanding, when it come to reading resistance points in realtion to volume and price.
Thanks in advance.

Grandma - 02 Feb 2004 14:37 - 292 of 460

(New user) How do I find last reference to a Company from the very long list in Investors Room? Is there an index ? eg today I looked for Vislink.

IanT(MoneyAM) - 02 Feb 2004 14:40 - 293 of 460

Graandma,

If you click on the Search button at the top you will be given a number of options to search for.

Regards

Ian

Grandma - 02 Feb 2004 14:47 - 294 of 460

Thanks for prompt reply. xx Grandma

little woman - 02 Feb 2004 14:50 - 295 of 460

You may also find the EPIC box is case sensitive!

Grandma - 02 Feb 2004 21:32 - 296 of 460

When VLK at last found, found the original title no longer appropriate. Can it be changed, or does one start anather thread?

snowballroller - 03 Feb 2004 00:43 - 297 of 460

refer to CGT rule- about last in first out(share dealing),say if i made 3 different lots of buying "xyz" as following 1) apr/03 100k cost 3,000; 2) may/03 150k cost 4,800; 3) Dec/03 250k cost 7,375. And i sold 300k shares
at Feb/04, i understand that i sold the 250k bought on dec/03 plus 50k from may/03 `s stuff ,but not know the cost base of the block sold.Is it 7,375+
1600= 8,975 or the pooling of all three transctions and take a avg @price
*300k; =9,105 ? Please any one know the answer.

little woman - 03 Feb 2004 08:46 - 298 of 460

You take the actual cost of the the shares. You would actually break the sale into 2 transactions, prorata and then put it againt the purchases. The reason for breaking it down is incase you have taper relief (or what was in place prior to taper relief) to claim etc.

Also the reason for breaking down the deals is in case you purchase the shares back within 30 days then, then it can become very complicated!

Fundamentalist - 03 Feb 2004 08:46 - 299 of 460

You work the cost out from the specific shares sold - hence you are selling 250K bought at for 7375 and 50K bought for 1600 hence 8,975 - the cost always stays with the specific share

snowballroller - 03 Feb 2004 10:29 - 300 of 460

little woman & Fundamentalist; thankyou for the help,very much appreciated.
rgds SBR

dominic - 06 Feb 2004 16:52 - 301 of 460

Cladisporium & LW, re Cytomyx,

LW, Cytomyx wasn't trading at 30-40p in December, you are looking at a chart that has already adjusted for the 1 for 25 consolidation on 13/01/04. Today's closing price of 32p is equivalent to 1.28p.

1.75p purchase price late Dec means you are in at an equivalent of 43.75p now.

little woman - 06 Feb 2004 17:00 - 302 of 460

Thanks dominic - I wondering about the difference!

dominic - 07 Feb 2004 19:13 - 303 of 460

The trade example in post 265 isn't strictly a VWAP trade, it's a trade that has been executed in parts and then booked out to the client, although it demonstrates how VWAP is calculated. A VWAP trade (marked VW) is where a broker is given an instruction to execute a trade against a VWAP benchmark for a given period and a full explanation can be found here.

http://www.moneyam.com/TradersRoom/ShowPostList?fID=1&tID=2057

Gausie - 08 Feb 2004 10:21 - 304 of 460

Thanks for the clarification dominic - and I hadnt been aware of how VW was used for benchmarking until I read the link you've just posted. Very informative.

Nice article on the IG website, btw.

superrod - 09 Feb 2004 22:53 - 305 of 460

washlander

try "TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS" by john j murphy. had it for Christmas. very readable as well as informative. hope that helps. im sure MAM has a bookshop...other sites do.

washlander - 10 Feb 2004 09:34 - 306 of 460

Thanks supernod

washlander - 10 Feb 2004 16:36 - 307 of 460

What is a protected transaction in level 11.

dominic - 10 Feb 2004 22:46 - 308 of 460

G, yes I was asked to review the L2 dealer, which I was happy to do. There's a possibility that I'll have an opportunity shortly to review all three DMA platforms simultaneously shortly back to back and compare and contrast. Looking forward to it. A little healthy competition never did anybody any harm.

little woman - 11 Feb 2004 20:52 - 309 of 460

ttt

FirstCall - 13 Feb 2004 00:17 - 310 of 460

A question for Croc

Lloyds is due to go ex-div on a 23.5p dividend payment in the next two weeks or so. This is approx. 5% of current share price. How would you play this stock?

1 Buy now, hope for it to go up and sell just before ex-div date?

2 Buy after ex-div date if the fall is overdone?

3 Leave alone because the chart seems to be forming a head and shoulders pattern?

chartist2004 - 13 Feb 2004 14:04 - 311 of 460

Crock's still in the swamp not come out the read your post yet:o) I also await Dave's reply. I think he may charge for advise like that, imho dyor..

FirstCall - 13 Feb 2004 14:28 - 312 of 460

LOL! Worth a try anyway.

Stan - 13 Feb 2004 14:59 - 313 of 460

Good Q. First Call, with a divi as good as that i think that there is sure to be an awful lot of interest in this one, so i too will be interested in Croc's reply.

There has been much speculation on a possible divi cut in the future with Lloyds, but am i right in saying that they cannot touch this 23.5p 0ne?

Regards

Stan.

FirstCall - 13 Feb 2004 18:30 - 314 of 460

Well he does say:
"We have lots of experienced traders on MoneyAM who would be glad to help if you have ANY trading questions."

Anyone out there who can help on this one?
Results are out 8th March and ex-div date is 17th March

I bought in at 408p and sold out at 454.5p after it droped from 174p.
Now I'm wondering if to buy in again before the div or wait and see what happens after. If price remains at 455 level on ex-div date it should drop to 431-435p ex div. That would put it on an prospective PE of 10 and yield of 7.5% (with Div cover at 1.33). Hmm! looks to be good value.
.
It would then appear to be one of the cheapest banks. For the PE to adjust back up to say 10.5 (still not too expensive) the price would have to rise back up to 455p.

On this line of thought buying at 454p now would seem a relatively safe bet.

Against this, looking at the chart, a head and shoulder patern seems to have emerged. This is indicating a drop of 23p as being imminent (i.e. same as div value). Question is, is this likely to happen before ex-div date or on that date?

Gausie - 15 Feb 2004 10:23 - 315 of 460

Firstcall and others - there's a thread running on Traders BB that discusses playing dividends - some of the content was recently summarised in Shares magazine which bullshare posted on the investors BB here (Click Me).

If you're interested in generic tradings issues such as this, risk management, techniques and others then perhaps the Traders BB is the place you ought to be. Investors room threads tend to focus more on tactical instruments - discussing particular stocks, whereas TradersBB is more about strategy and pilchards.

Gausie

Martini - 15 Feb 2004 11:31 - 316 of 460

G
I thought Pilchards was a strategy as well :)

hijeff - 15 Feb 2004 11:40 - 317 of 460

Croc,see on snappy site you have BB as reporting tuesday and wednessday,must mean results are so good the report twice then?

Crocodile - 15 Feb 2004 12:07 - 318 of 460

First Call,
Sorry for the delay but I have been away for a few days.
Yes an excellent play but I will not buy until a day or 2 before. The reason for this is that Lloyds is a 'tracker' and the FTSE does seem top be quite weak at the moment.
On the Wednesday morning I hope to get out in the auction for a quick profit but if not I may leave it for 1 or 2 days for the tracking computers to lift it off its lows.
www.snappytrader.com for more info on divis & trackers

Hijeff, checking :-)

washlander - 17 Feb 2004 13:34 - 319 of 460

What is the difference between a cash dividend and a script dividend

FirstCall - 17 Feb 2004 16:56 - 320 of 460

A scrip div is where u get shares instead of cash

FirstCall - 17 Feb 2004 17:02 - 321 of 460

Croc

Thanks for answering my question.

washlander - 19 Feb 2004 08:13 - 322 of 460

Thanks all. It did seem logical but I needed it confirmed. Great thread u started here Croc.

Tokyo - 19 Feb 2004 14:33 - 323 of 460

I'm looking at moving my portfolio into an online account for easier trading as I am now working overseas. I have been looking at comdirect, does anybody have good things to say about this company or can anyone suggest a better one?

hijeff - 19 Feb 2004 14:39 - 324 of 460

any1 confirm next weeks XD's for me,and is barc one of them?

snoball - 19 Feb 2004 14:42 - 325 of 460

hijeff, you should find a link to the calendar on crocs site from the header in the daily traders thread.

Tokyo - 19 Feb 2004 16:34 - 326 of 460

I seem to be using this website more and more each day. There are alot of good tips, etc. I am thinking of up grading to level 2. What exactly do I get at this level. Will I have access to shares magazine, etc?

Felix(MoneyAM) - 19 Feb 2004 16:48 - 327 of 460

Tokyo,
If you click on the 'Our Services' link at the bottom of this page you'll see
a complete list of all our subscriptions and services, saying exactly what
you get at each level and how much it all costs.
The *only* way to get Shares online is to take out a subscription with them
I'm afraid (99/year). Once you've done this just let us know your subscriber
ID and we will fix up your account so you can view the online version.
F

Tokyo - 19 Feb 2004 16:59 - 328 of 460

Thanks Felix
Will take a look at it as soon as I have a chance

little woman - 19 Feb 2004 17:18 - 329 of 460

Tokyo

I have two accounts - one with comdirect and one with hoodlessbrennan. I use comdirect for my longer term investments, because they let me set up orders (limit & stop loss) which can cover up to 90 days. (Usefully if you don't have the time to keep an eye on them). But hoodlessbrennn for short term dealing because the dealing charges are only 7.00 against comdirects 12.50, so I don't need to make as much money before selling!

I have other accounts before, but always had some problem or other, which I won't go into. If you want to take a look go to: http://www.comdirect.co.uk/ or http://www.hoodlessbrennan.com/

Also on both accounts I get stuff sent to me in the same way I get with certificates. HB does it automatically, and CD did it after I requested it.

brianl - 19 Feb 2004 17:18 - 330 of 460

where can you find best site for market expectations please

Tokyo - 20 Feb 2004 02:03 - 331 of 460

little woman

thanks very much for the info

hijeff - 20 Feb 2004 07:22 - 332 of 460

for those interested BARC xd 25th for 13.45p

Seymour Clearly - 20 Feb 2004 12:07 - 333 of 460

Tokyo, I have used ComDirect for a few years now. Not the cheapest but very reliable. I wouldn't change for something slightly cheaper.

amberjane - 20 Feb 2004 13:12 - 334 of 460

I am a relatively new trader so advice please....V pleased with Petra Diamonds over last few weeks with over 1,000 profit on 4200 shares! Do I sell while they are so good and take profits or do they have further to go? I am trading on money I will eventually need to take out over the next 3/4 months so can't wait longer than that anyway, unless they double!!!!!!! comments please.

snoball - 20 Feb 2004 20:36 - 335 of 460

amberjane, your dilemma is common. Knowing what will happen in the future is tricky to predict though some seem to have the knack. All I can suggest is that you decide how much profit you want to make (your target) and sell them then. Also decide how much you are prepared to lose (your stoploss) and sell them then. Best of luck.

Seymour Clearly - 20 Feb 2004 22:40 - 336 of 460

amberjane, the other way is trailing stoploss. Decide where you would sell if they fell back - and stick to it. You might not make so much, you won't get the top but you will guarantee some profit - and if they continue to rise you should get your profit at least where they are now.

And ALWAYS look at the 7.00am news / RNS's every morning - if it's bad news get out fast.

snoball - 21 Feb 2004 01:02 - 337 of 460

Seymour, quite right about the trailing stop. I suppose I should've said, decide your stoploss every day.
Of course that leads to the next question: how do you calculate a stoploss?

amberjane - 21 Feb 2004 01:23 - 338 of 460

Thanks as today was very nurvy but then that's what it's about, very addictive. After my first message they went a further 120 so glad I didn't sell (thanks Hilary). As I have 4200 shares and they have now doubled, what about taking half?
I'm not sure about this 7.00am....but what is RNS, sorry I told you I was a novice!!

hijeff - 21 Feb 2004 10:15 - 339 of 460

amberjan,if your shares have doubled,you sell half run the rest for free.if you click news on header you will see all the early news company anouncements etc,as said ealier the best time to look is 7 to 7.30am.

Crocodile - 21 Feb 2004 13:12 - 340 of 460

Aberjane
The posts given above about a moving stop loss is the best advice.
Look at say a 5p stop loss which is approx 10% of the current price (or tighter). If you are lucky and the share goes to 1 you keep the stop loss at the same ammount, ie 5p. This means as a % the gap narrows as the share climbs maximising your gains.
Warning, When you set the stop loss stick to it and do not cheat like I do!

Socrates - 21 Feb 2004 19:22 - 341 of 460

Bollinger Bands
When Bollinger Bands narrow, sometimes for short or long periods, it usually presages a price breakout. Have you an opinion on which is the best indicator of:

a. Which direction the break will be, North or South, and
b. The likely magnitude of the break?

Seymour Clearly - 21 Feb 2004 23:24 - 342 of 460

RNS = Regulatory News Service

Most significant company announcements are made between 7 and 8 on a morning before the mkt opens. On Stockwatch there's a little N in a box if there's any new news. Click on the N and it brings up a list of the news for that stock. New ones are at the top and have today's date. Click on the summary and you have today's news. Now all you have to do is decide whether it's good or bad - don't forget how very contrarian the market can be!!!

Yoyo - 23 Feb 2004 08:11 - 343 of 460

Question for The Playboy, can you please tell me which method you prefer (cfd's/futures/etc) and which Broker when trading the DOW index?

ThePlayboy - 23 Feb 2004 08:28 - 344 of 460

YOYO-I trade futures now, trade cfds last year but have had a change for the better, suits my trading style, only one was to trade futs and thats Direct access, I use Gni, other IB, if not CMC as a spreadbetter have the tightest spreads for ftse 2pts, I don,t trade the dow but same rules apply for co,s as for ftse traders i would have thought, hope this helps!

Yoyo - 23 Feb 2004 08:41 - 345 of 460

Many thanks

Crocodile - 07 Mar 2004 15:12 - 346 of 460

FTSE Cash & S&P cash, found its far cheaper than spread betting.

Pumacat - 07 Mar 2004 19:43 - 347 of 460

Hello

I was wondering if someone here could help me out on an issue

I have read on a number of occasions about "closed periods". I understand that this is aperiod where officers of the compnay are prohibited from trading. Often they are pre-empted by heavy buying or selling of stocks by directors and other compnay officers.

What I would like to know is how can one ascertain when a closed period is approaching?

fulhamken - 12 Mar 2004 15:41 - 348 of 460

Can anyone help please

i wanted to open a cfd acc at my online broker - thats ok but i am classified as "intermediate client" -this means if they go under my funds are not safe - ie no money in a segregated account - does anyone offer a "private client" cfd service ???

thanks in advance
ken

Crocodile - 12 Mar 2004 20:07 - 349 of 460

Ken,
Most of us are in a similar situation but do not put all our money into the account. Even with a small sum they give you at least 10X equity. So you can deposit 5000 and are still able to buy 50,000 of stocks. You are then using their money and not yours so you can minimise the risk.
D.

Seymour Clearly - 12 Mar 2004 22:11 - 350 of 460

Pumacat, the closed period is always ahead of results, I think by 4 weeks but happy to be corrected on that, so if you know when a company's results are due then you can work out when their closed period is.

Pumacat - 13 Mar 2004 09:11 - 351 of 460

Thanks Seymour

dominic - 14 Mar 2004 18:12 - 352 of 460

Puma, closed period: generally the two months leading up to results. There are restrictions on directors dealings but contrary to popular belief the company CAN still talk to the market. Details in the Model Code, part of the Yellow Book. Do a search on Google for Model Code and FSA.

DC

zarif - 14 Mar 2004 21:28 - 353 of 460

Hi
I have come across this from Trendwatch.I have never bought shares before and as you know am mainly a s.bet and Index person -but want to try other things aswell.
Can you give me "idiots Guide" as to how i go about buying this share.

The Select Media Group (TSMG) -they plan an AIm float in late may or june this year.The shares are selling at present around 67p and proposals are that the TSMG will list on the AIM at a multiple of this price.

My questions are:
How and where can i buy these shares NOW. and who should i use.
What is the normal buying size usually.(max/min)

Sorry to ask such dumb questions but am sure u will help.

eckoh - 14 Mar 2004 22:04 - 354 of 460

eckoh - 14 Mar 2004 22:07 - 355 of 460

I hold my shares in certificates. If I sell a portion of my shares and submit my certificate do I then have to wait for my new certificate to be returned before I could sell more of the shares?

Thanks.

little woman - 15 Mar 2004 09:14 - 356 of 460

Eckoh, depends on your broker but mine used to insist I .wait to received my new certificate because their admin couldn't do it any other way.

I always stayed certificated to get info and vote, but I have opened accounts which are supposed to allow me to "receive corporate actions" so as I have started to lodge the certificates in the accounts that I intend to sell sooner or later - and reduce my dealing charges too. This way I can sell immediately and not have to worry about certificates.

little woman - 15 Mar 2004 09:23 - 357 of 460

zarif, If The Select Media Group (TSMG) is currently not listed then it is very difficult to buy their shares until they are. When they become a AIM share thats when they first get listed.

I'm having problems tracing this company, so I presume the only way of buying some of their shares is either directly from the company, or from an existing shareholder.

You can keep track of AIM new issues from this site: http://www.londonstockexchange.com/newissues/default.asp

little woman - 15 Mar 2004 09:34 - 358 of 460

Zarif, I did a search at company house and The Select Media Group is a new Limited company registered 20 Jan 2004. I would have expected them to be a plc, if they intend to list. Also they have no trading record, as the are a new company.

I presume they are currently trying to raise money privately - but unless they are a plc, they cannot promote private share sales......mmmmm I would keep away, they may be breaking the law promoting themeselves and anyone investing would have no way of getting thier money back if they just wound themselves up!

Fundamentalist - 15 Mar 2004 09:34 - 359 of 460

The close period of a share for directors starts the day after the end of the trading period they are reporting for. i.e if the annual results are for the period ending 31st December 2003, then the close period starts when trading ceases on the 31st December and re-opens when the results are announced

amberjane - 15 Mar 2004 09:38 - 360 of 460

Hi LW, Seem to have had a COLD for the last few days....but feeling better now. I had a problem last week where I had sold and sent my cert. back but they hadn't received it so hadn't released the money!!! Wanted to buy so after pushing them they 'lent' me the money, although by the afternoon they HAD found the cert. I'm going to change accounts so I wondered who you had changed to and the charges per trade. (12.50 & .5% was Nationwide/Stocktrade that I was thinking of). Many thanks and it was great to meet you all, only half way thru my reading matter.

little woman - 15 Mar 2004 09:50 - 361 of 460

Hi amberjan - hope I didn't give you my cold!

I have 2 accounts - one with Hoodless & Brennan (https://www.hoodlessbrennan.com/index1.htm) They charge 7 a deal, (everyone charges 0.5% as thats stamp duty) which is my short term portfolio. What I really like about them was in the first month all I paid was stamp duty - I did over 50 deals in the my first month! Limit/stop loss etc orders can only be entered for 14 days. (Hence short term portfolio!)

My long term money is with Comdirect (http://www.comdirect.co.uk/) A bit more expensive 12.50 a deal but you can put limit orders in for 90 days.

I've had no problems with either accounts (which is more than I can about other accounts I have had in the past!)

little woman - 15 Mar 2004 09:53 - 362 of 460

Before I forget, amberjan - although many people have only one account, if you ask the traders who they use, they often have several accounts, so if one is having problems then they trade one of the others. Also it keeps the companies on thier toes if you have a problem, and you can say that you don't have that problem with your other account!

amberjane - 15 Mar 2004 10:10 - 363 of 460

Thanks Little Woman, I will look at both these accounts although I probably need to do some selling now, I've been listening to too much on the boards!
No I'm sure I picked up the cold elsewhere, was I insinuating.....no, I did go to an Orchid show(another of my obsessions)last week with hundreds of others, prob got it there, I'll have to stay in next to my computer in future. Cheers.

little woman - 15 Mar 2004 10:23 - 364 of 460

Both accounts only took a couple of days to set up, and both accept switch payments into the account, which lets you trade immediately.

zarif - 15 Mar 2004 13:25 - 365 of 460

Little woman- thanks for your kind answers.
I recieved this from the Trenwatch Publication that i subscribe to (as i intend to get on the shares bandwagon soon).This is the write up that came with it.

The select media group(TSMG)plc:
Scales and shopping precinct plasma screen directory manufacturer TSMG plan an AIM float in late May or Early June this year.The directors will be at the meeting to discuss the companys future and to answer any questions(4.30pm Monday 29th march at the committee room,RAC,Pall Mall,London)
The company has just landed a scales order from Asda.Now may be the chance for suitable investors to get in on the ground floor and make some real money.The international potential for the company is enormous;the 3yr projections for the Uk alone indicate significant profits.
The shares are selling at 67p present and proposals are that the TSMG will list on the AIM at a multiple of this price.

The above presentation is being organised by the Guild of Share holders.

I hope this helps.

rgds
zarif

little woman - 15 Mar 2004 13:41 - 366 of 460

http://ws5info.companieshouse.gov.uk/info/

Zarif if you go to the above link you can do a free basic search on any company (Limited & Plc in registered in this country)

Even the FTSE 100 companies can be found!

But The select media group(TSMG)plc is not there. Nor is TSMG. Something is wrong with this....

little woman - 15 Mar 2004 13:50 - 367 of 460

Zarif - that was interesting - I rang the Guild of Shareholders and they gave me a contact number for a Mr John Kottler. The phone was answered as "J K Property" (JK for John Kottler?). He's not available as he's never in the office, left him my mobile number to see if he'll ring me back! The girl on the telephone admitted it wasn't a plc, but a ltd company!

All I can say is, the Guild of Shareholders should check out the companies before they promote them!

zarif - 15 Mar 2004 13:54 - 368 of 460

Thank u very much Little Woman.
I think as u correctly said is to give this a Wide Berth.

Ps: since i dont do shares but am wanting to can u advise me as to which companies are good online and also if they do AIM listed shares.

Thanking u in advance.

zarif

little woman - 15 Mar 2004 14:13 - 369 of 460

Both the companies I use do AIM shares once they are issued. (See my posts to amberjane)

Go to go out until later now.........

torquay - 15 Mar 2004 17:41 - 370 of 460

First time ever Ive contributed,
late on the scene but my main acc is with T.D.Waterhouse whom allow a substancial credit limit(once you have a track record with them)whereby you can use your limit up to T25 without any cost.
For any size of deal they charge 11.95.
As a point of interest(I hope)had a minor hick-up which was their error,to compensate they gave one months free of all charges other than stamp duty.The month being January I traded 176 times without any problems.

Crocodile - 15 Mar 2004 18:38 - 371 of 460

torquay, welcome!
Do they allow you to get inside the spread when dealing?
Also look at Barclays ay 7.95 a trade
Or Deal 4 Free (No charge but spreads widen on shares outside the top 25)
D.

little woman - 16 Mar 2004 12:57 - 372 of 460

Zarif -

I have received first a phone call from John Kottler who was worried that his company was being misrepresented by The Guild of Shareholders and Trendwatch. He insisted that he never said the company was a plc, and it was just trying to raise funds to start trading and didnt need to be a plc. He is asking 67p a share to new investors.

I then received a call from Trendwatch (Rob Cullum?) assuring me that the company was about to become a plc, and it is a great opportunity for investors to get in, as they propose to become AIM listed at the end of May or June.

zarif - 16 Mar 2004 13:44 - 373 of 460

Little woman thanks very much for all your info and hard work.
Philj -from GF thread replied and sent me an internal mail aswell -he has bought some and if u send me internal mail i will forward it to you to look at aswell.

rgds
zarif

little woman - 16 Mar 2004 14:14 - 374 of 460

zarif, I've e-mail my personal e-mail via the internal mail (I don't think if you reply from the internal mail I will get it!)

I tend to be very wary of these type of investments as they are incredibly high risk. I don't want to discourage investment, but having been involved in this type of thing is the past - it made me realise how easy they fail. I was took over as accountant of a company that had a lot of private investor money as start up and they lost everything because:

1. The directors underestimated the professional costs in setting up & running the business - which the complained was not thier fault!

2. The directors were poor managers & had no track record managing staff so off course it was not thier fault they had a high staff turn over and unreliable staff!

3. The directors had little experience - running a business and knew nothing about putting proceedures in place - so it was not thier fault they couldn't keep proper records and were ripped off by the staff.

3. The directors overestimated the sales and was unable to make a profit because it wasn't thier fault there was too much competition and thier costs were higher than expected.

4. The directors couldn't get credit because they didn't pay thier bills because they didn't have the cashflow which also was not thier fault.

I could go on - but in the end the directors sold the assets and cleaned out the bank account. By that time I had stopped working for them - too fustrated in trying to get them to act properly and of course - I knew I would not get paid. I believe the directors just walked away......... (I know this because I still had the company register and they never made any effort to collect them from me.) I think the company didn't even trade for a full year.

zarif - 16 Mar 2004 14:58 - 375 of 460

thanks LW;
sending u mail soon.

rgds
zarif

amberjane - 16 Mar 2004 21:27 - 376 of 460

Hi zarif

As I'm also interested could you please send me the e-mail as well? Many thanks.

aldwickk - 17 Mar 2004 22:24 - 377 of 460

what do the abbreviations on the streaming trade prices mean such as bc,o,n,l,at,wt,vw,ut.

little woman - 18 Mar 2004 09:12 - 378 of 460

aldwickk - if you click on "help" (top right corner of page) then under "user help" - "trades" there is a full explanation

little woman - 24 Mar 2004 15:37 - 379 of 460

Could someone answer a question for me?

Can anyone explain why the bid & offer price on CYH offered by brokers is below the mid price quoted? I know brokers can offer any price they want - but the difference between what you see quoted on L2 and actual quoted by brokers doesn't seem to bare any relation to each other! Anyone got an explanation, or can shed some light/speculate?

ajren - 24 Mar 2004 16:25 - 380 of 460

Good question.It is strange.
rgds aj

little woman - 25 Mar 2004 08:54 - 381 of 460

Any of the people "in the know" like to answer my question or are the brokers just ignoring the prices we see on L2!

longinvest - 25 Mar 2004 09:02 - 382 of 460

Fortune Oil - FTO

I have been monitoring the share volumes of Fortune Oil over the last 3 to 4 weeks and there is a three to one bias in favour of buyers on most days yet the shares tend to fall, why is this surely such positive demand should be pushing the price up? Can anyone explain what is happening?

little woman - 25 Mar 2004 09:51 - 383 of 460

longinvest - take a look at Crocs post no: 260 and my post No: 289.

Crocodile - 25 Mar 2004 12:53 - 384 of 460

EMail sent to me this morning with no reply address

"Hello, I read often your articles and it sounds like I can ask a question about trading: i am very new in trading but what mystify me is that some days they say shares are mainly a sell day and other days they say everybodey is buying- that does not make sense to me because if somebody sells somebody else buy which is the same? Cheers sconra"

Yes of course you are right! But it can give some indication to market pressure / sentiment.
D.

Legins - 25 Mar 2004 22:36 - 385 of 460

I found this on another BB. Very interesting but do not know who the author is. Explains alot!

MARKET MAKER SPEAKS OUT: Ways of a Market Maker

I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.

They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.

So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.

If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.

Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.

As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.

With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.

Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.

But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".

Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is).

Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.

Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.

Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.

Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.

Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.

This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."

gallick - 27 Mar 2004 00:55 - 386 of 460

Croc

Can you give us one or two pointers on how trading in the daily auction works. Are there any good articles or references that you have seen? Is it true that you make most of your gains in the auction? I understand that you may not want to give away your secrets to all and sundry!

Regards
gk

Crocodile - 27 Mar 2004 09:58 - 387 of 460

Good post leggins!

Gallick
There is very little information around on using auctions. I was about to put an article together for SnappyTrader on so leave it with me and I will post it ASAP
D.

seawatcher - 27 Mar 2004 22:48 - 388 of 460

Hi,
Where can I find the Nikkei Index futures? Thanks to whoever replies.
sw

jeffmack - 27 Mar 2004 23:44 - 389 of 460

I think you can get them on www.futuresource.com

Tellon - 29 Mar 2004 15:55 - 390 of 460

Croc,

You mention your articles above, Where are they located?

Thanks

little woman - 29 Mar 2004 16:29 - 391 of 460

Theres a link to crocs page on the traders thread.

Tellon - 29 Mar 2004 20:25 - 392 of 460

Do you have any links to some good Tick and Trin charts? Ftse if pos as well as the tiki for the dow?

Thanks

dominic - 30 Mar 2004 09:01 - 393 of 460

auction explanation:

http://boards.fool.co.uk/Message.asp?mid=8460428

webmeister - 30 Mar 2004 11:49 - 394 of 460

Berometer is 32long ..Put your targets @ 4280 mkt is short ..

cashcaptain - 02 Apr 2004 11:40 - 395 of 460

CAN YOU PLEASE EXPLAIN TO ME WHAT IS GOING TO HAPPEN TO MY 500 I HAVE INVESTED WITH mAYFLOWER CORP PLEASE! THEY HAVE GONE INTO RECEIVERSHIP AND IT LOOKS AS THOUGH "MELROSE" AIN'T JUMPIN IN, SO ANY EXPLANATION WOULD BE APPRECEIATED!

THANKS THE CASHCAPTAIN!

chartist2004 - 02 Apr 2004 12:13 - 396 of 460

You don't need to 'SHOUT'ie use High case'
Ref Mayflower, think you'll need to replace your nickname!

brain2brain - 02 Apr 2004 16:37 - 397 of 460

Could someone please explain the meaning and implication of the following.

Does it mean that the company wants to issue more shares? If it does mean this what is the effect on shares already held? Will they be devalued by dilution?
Thanks in anticipation

B2B

Patientline plc ('the Company')
Additional Listing

Application has today been made to the UK Listing Authority and the London Stock
Exchange for a total of 42,425 ordinary shares of 5p each in the Company
('Ordinary Shares') to be admitted to the Official List and to trading on the
London Stock Exchange's main market. Of the 42,425 Ordinary Shares being issued,
40,231 Ordinary Shares are being issued pursuant to the exercise of options,
with the remaining 2,194 being issued under the Share Purchase Agreement for
TVTEL BV dated 1 December 2001.

Admission of all the Ordinary Shares is expected to become effective on 8 April
2004.

2 April 2004

little woman - 02 Apr 2004 21:33 - 398 of 460

cashcaptain - You will find this at "News" on the 1st

LONDON (AFX) - The appointment of administrators at vehicle manufacturer Mayflower Corp PLC has scared off bid interest from Melrose PLC as the AIM-listed cash shell said it no longer wants to pursue acquisition talks.

'Melrose reserves its position to make an offer for the shares in the event that Mayflower shares are re-listed,' it added.

Mayflower's financial crisis has been well documented and yesterday it called in the administrators after it was unable to persuade its lenders to give it a stay of execution.

It's self-explanatory about Melrose. At the end of the day what happens is dependant on the administrator. Worse case - your money is gone. As a shareholder you are at the end of the queque when it comes to being paid.

little woman - 02 Apr 2004 21:39 - 399 of 460

brain2brain - In theory it could do what you ask, but the amounts are quite small so I doubt it.

brain2brain - 02 Apr 2004 23:02 - 400 of 460

brain2brain - 02 Apr 2004 23:03 - 401 of 460

Little woman

Many thanks for that.

B2B

snoball - 04 Apr 2004 20:49 - 402 of 460

Tellon, try this: http://stockcharts.com/gallery?$TRIN

You can find lots of others here: http://stockcharts.com/charts/catalog/09.html

kantona - 09 Apr 2004 23:09 - 403 of 460

i wonder of anyone can assist pse ...

Q. What is significance of the 'close period' and what is it's relevance i.e when a company issue's a Pre Closed Period Update . I guess it's to do with the end of a certain trading period etc..but half knowledge can be dangerous so vll be grateful for the correct info.

Q.On the companys account's this does appear alot .. don't suppose anyone know's what these terms mean
i.Goodwill amortisation
ii. Goodwill impairment

many thx in anticiaption

Seymour Clearly - 09 Apr 2004 23:20 - 404 of 460

kantona

The company cannot issue any trading statements but can issue significant news, also directors cannot sell / buy shares in the close period. Hence pre-close trading updates.

2nd Q - not at all sure!

jeffmack - 10 Apr 2004 08:28 - 405 of 460

kantona
Goodwill is something that can be on a balance sheet but is not a physical asset. If you bought a shop and its stock that might be worth 50,000, you might have to pay 75,000, the 25,000 being for the reputation that the shop has built up in the area. There is no physical asset but it has some worth in terms of potential sales.

Most analyst when looking at a company's balance sheet will strip out the goodwill, therefore companies look to reduce that value on their balance sheet either in one hit over a period of years (amortisation)

Crocodile - 10 Apr 2004 18:52 - 406 of 460

Good answer Jeff ..

kantona - 11 Apr 2004 12:58 - 407 of 460

thx everyone ..

Zoltar - 11 Apr 2004 13:26 - 408 of 460

Croc.
Re post 002 question 2
Do you think this is likely to be any good?
http://store.yahoo.com/onlinetrading/eltradguidfo.html

dominic - 14 Apr 2004 17:16 - 409 of 460

The close period is defined under the Model Code, part of the Yellow Book, which you can find by doing a search in the UKLA part of the FSA website.

There is also some information here:

http://www.moneyam.com/sharesmag/edition60/?page=letters

The close period restricts dealings by directors, the company itself and related persons in the company's own securities in the period between the close of the accounting period and the publication of results which is usually but not always around 2 months. The company usually can't buy back its shares either, like Northern Foods at the moment, although there are exemptions.

Contrary to popular belief it is nothing to do with the company updating or releasing statements to the market. There is a continuous obligation under the Listing Rules to keep the marketplace informed of anything like business performance which would have an effect on the share price if released.

brain2brain - 18 Apr 2004 19:11 - 410 of 460

Can someone please give me some information about dividends please? I bought some shares in Domino's Pizza a couple of months ago. Unfortunately they have slipped off their previous growth trend so I am looking to sell them. At present they are ex-dividend. The dividend date is 29th April. My questions are.............. How do I receive the dividend? Is it sent by post to me or to my account with my broker? Is the day after the dividend date the earliest I can sell the shares without losing the dividend? Lastly, in my complete ignorance, when a figure is quoted for a dividend is it a percentage or is the figure in pence per share.

Many thanks for any replies.

B2B

38 - 18 Apr 2004 20:09 - 411 of 460

you should be able to sell them now and keep the divi (of 2.18p per share) which will be paid on the 30th April.

If you hold the stock in your own name you will rx the divi.

If you have a nominee account with your broker they will collec the divi on your behalf.

If you want it paid out to you it is probably worth while letting your broker know, otherwise it is likely to sit on your earnings account with them for a while.

cheers

apple - 20 Apr 2004 11:14 - 412 of 460

FirstCall

Interesting to view your question in hindsight after LLOY fell to 405p

torquay - 20 Apr 2004 14:42 - 413 of 460

I have for many years played the divi's to give a guaranteed return as well as making a capital gain.I have bought as late as 4.29pm the day before a share goes ex-divi the next day,then sold(very rarely as price adjusts for the divi)on the ex-divi day.
The normal ploy is to get a good divi then keep enough funds to pound cost average in order to get out with the divi and also having covererd your costs.Along with in nearly all a profit in the shares.
The period usually is anywhere on average between days to 3/4 weeks.
This has recently worked on BARC LGEN LLOY SHEL which all paid a good percentage return against annual Building Society rates.

brain2brain - 20 Apr 2004 18:40 - 414 of 460

Many thanks 38 / Torquay
Your comments have been most useful.

B2B

Marzipan - 22 Apr 2004 09:46 - 415 of 460

My 1st Divi play.
Have just tried the divi play for the first time. Did not do well.
BA and Logica paid 1100 and 510 but the drop in share price represented 2200 and 3000 pounds respectively.

What I would have done differently would be to have sold both shares on Tues when they passed their peak, then shorted overnight, paid the 1620 divi so I would have made 5200 less divi = 3580 profit.

I would also be in the position of being able to buy both shares at a cheaper price... BA Tues peak was 226 and Wed went to 211. Log peak was 260 and Wed went to 238.

Will possibly try this next week .... GKN (3.31% divi)

torquay - 22 Apr 2004 13:46 - 416 of 460

Hi Marzipan
Which method would you have used to short?
It appears you have a different approach to me.

Suhsia - 22 Apr 2004 14:32 - 417 of 460

I have been reading Elder's book Trading for a Living. I was reading about how he rates his trades (if you know or have the book it is on page236-238). Anyway he talks about recording the channel but I can't figure this out. It seems really important to him because he talks later about using this to calc the trade grade and says it is more important than profit.

Does anyone know what he means by channel? Perhaps an example might help me?

Marzipan - 22 Apr 2004 16:03 - 418 of 460

Hi Torquay... not sure if this answers your question, but I should have shorted after both peaks at 11am and bought back on Wed at 8 ish or later if still declining. They have still been declining today (Log now 234 from Tues 260 high). Had I closed the short today on just Log the profit would be c16p.
Be interested to know your approach as this is still a poss plan for next week.

Oakapples142 - 22 Apr 2004 16:14 - 419 of 460

Re: CST

Can someone who is perhaps from "outer space" explain to a mere earthling why on buys of 75m against sells of 4m Constellation Gp falls 32% ?????

MrDavis - 22 Apr 2004 16:20 - 420 of 460

Guys this is a really stupid question, but i've just started using a broker who issues certificates rather than a nominee account, and i hold 25k in a company now if i buy another 25k will i then have two seperate certifcates with 25k on each? or will i get one for 50k and the old 25k one become invalid...?
cheers in advance...

torquay - 22 Apr 2004 16:26 - 421 of 460

Hi Marzipan:Not quite answered but I guess you are actually selling shares and not using CFD's or spread betting.I tend to buy the shares(eg TSCO 4.77p ex-d net week)normally will fall 4-6p at this point pound cost average to (1)at least get all if not part of the divi after all costs.Providing no market shake-out over the period I stated most shares(I only use FTSE100) tend to recover divi and go above original purchase price.With the likes of TSCO because there is less volatility it is quicker and if correct more profitable to have a 3/1 CFD gearing.The reason I have always played divi's is that if the market goes against us we have losses but at least a divi has been generated.

torquay - 22 Apr 2004 16:28 - 422 of 460

Hi Mr Davis;It's easier to change your broker,as you will get 2 certificates,unless you want to mess about with registrar's.

Dailos - 22 Apr 2004 16:34 - 423 of 460

Oakapples
The price action is on most occasions the guide to the trades being buys or sells, the info you get on sites like Money Mayhem is a rough guide only on penny stocks such as CST.
Trades over NMS are delayed, hence buys show as sells and vice versa.
I took a 1m cross at 0.07p in CSTa while ago by the way.
d.

Oakapples142 - 22 Apr 2004 16:37 - 424 of 460

Dailos - Thank you. I now see a 75m sell in "drinking up time" which explains a lot too. Much obliged

Marzipan - 22 Apr 2004 16:57 - 425 of 460

Hi T, yes I have traded CFDs for last year, 80% ftse 100. Hope to see my TSCOs CFD price climb (hopefully 260ish)by Tues am.
Guess the prob I had was the US drop (after Greenspans speech) followed by the FTSE drop which screwed prices somewhat on Wed. I will, however, work on this divi play and try to get it right next time.

Dailos - 22 Apr 2004 21:20 - 426 of 460

Hi
Just noticed this thread today, can some kind soul tell me if this is a long or a short and why?

Zoltar - 27 Apr 2004 08:10 - 427 of 460

Any spread betters out there?
What happens to a spread bet when a stock goes ex dividend?
I have been long of Fleming Mercantile Investment Trust (FMN) since the beginning of April, and notice that it has gone xd. Isn't there supposed to be some sort of adjustment to the bet when this happens? I have read that if you have a spreadbet short open when this happens you have to pay the dividend, so surely if you are long you should get a favourable adjustment......but I'm not really sure how it all works. Can anyone help?
Thanks
Zoltar

zarif - 27 Apr 2004 13:48 - 428 of 460

afternoon everybody:
Just got back home and opened the post.
Guess what I have been sent a Contract Note by international Equity Consultants( these are the guys who rang me last week sometime trying to sell atlantic poly plants at USD 8 and who have applied for certification but are notr listed on the Yankee stock exchange as yet)
I had a phone call from them yesterday and was asked on the update on my side -I asked them to send me more info than i would make up my mind-which would be in a weeks time.

Anyway no info arrived but a Contract note for "you have bought 650 atlantic polyplants inc (common shares)reg s144 at USD 8 comm USD 50 total due in USD 5250 on or before 30th april 2004. payment to be made by telegraphic transfer to: Melon United Bank,boca raton,florida.aba nbr:067009646(swift) acct no: 0221002762. beneficiary account: Poly financial services inc: ref: IEC.

Their covering Letter has a Barcelona address.-but was posted from Taunton.It says its from their settlements dept but no signarure or name.

So guys any ideas or do i have to leave the country!!! I am absolutely fuming but am posting this in case their is a spate of this going on and nobody gets these "CON -tracts".

rgds
zarif

snoball - 27 Apr 2004 17:19 - 429 of 460

Dailos, the chart is showing the levels at which to go long or to short.
The price is consolidating and a breakout could occur in any direction.
If it breaks above 20,000 then is long and should be bought. If it breaks below 15,000 it is short and should be sold (or shorted).

snoball - 27 Apr 2004 17:21 - 430 of 460

Zoltar, your spreadbet firm should be able to help you with that question.

Marzipan - 01 May 2004 21:19 - 431 of 460

Share Holders Discount Benfits:
Does anyone know of a web site that lists companies and their share holders benefits, e.g. Holding shares in P&O allows a discount for channel crossings.

Seymour Clearly - 01 May 2004 21:59 - 432 of 460

Zoltar, if long you usually get 90% of the divi the day it goes ex-divi, although some spreadbet firms may wait until the date the divi is actually paid. If short, the opposite.

Zarif, can't help but I would be fuming as well. Guess you have no obligation to them and it would be up to them to prove you had offered to buy which you patently haven't. Do they record telephone conversations? My guess is they'll push you as far as they can to try & get money from you - but it'll be like taking hostages. Once you've given in once there'll be no stopping them.

Marzipan, can't help on the companies front but you will need to have an account where the shares are listed in your own name rather that the more usual nominee account that most of the online brokers do, where the shares will be listed in the broker's name.

Gausie - 02 May 2004 11:09 - 433 of 460

Dailos - it's a long to 20 bucks, cos the risk reward is in your favour. If it sails thru resistance then it's an add, raise the stop loss, and a long to the big number. But, you knew all that, so, whats the catch? Other than that they broke down hard, stopped the longs out, and formed lows around $6 which is where they are still trading today.

Gausie - 02 May 2004 11:45 - 434 of 460

Zarif - be sure to drag the argument out.... just in case the share price rises :o)

amberjane - 02 May 2004 11:50 - 435 of 460

Sorry wrong thread but morning anyway

Dailos - 02 May 2004 17:21 - 436 of 460

Gausie
Sorry didnt read what this thread was about, just thought i'd ask a question to see how it was answered, didnt realise its a "help" thread.
Your answer is perfect by the way! (its the add and trail the stop most dont seem to consider).

*i see PDX are in the poo regarding the leak thursday, 2nd warning coming i suppose, i thought the news was quite good, still holding quite a few*
Have a good weekend.
d.

superally - 03 May 2004 12:21 - 437 of 460

I Have old share certificates from 1983-1984 and the company is not listed
now, how do i find out what happened to it?

Rudolph_Hucker - 03 May 2004 12:35 - 438 of 460

Superally

What are the company names? Some of us may know if theyve changed their names (in which case you will have shares in the newly named company), been taken over (in which case you'll be the beneficiary of whatever corporate action took place), or gone belly up (in which case - tough luck.)

superally - 03 May 2004 12:45 - 439 of 460

The company name is W.E.NORTON(HOLDINGS)PLC
THank you for your help Superally

little woman - 03 May 2004 13:03 - 440 of 460

Just did a search at company house, and theres a company called W.E.NORTON(Machine Tools)Ltd, based in Cheshire.(Co number 00506601)- incorporated in 1952. It list its business as "other financial intermediation & other business activities" which is interesting for a company that has machine tools in it's name.

The company number will be on the share certificate - check if its the same? If not, if you post it here, I'll do a search from the company number for you.

Iain - 03 May 2004 13:04 - 441 of 460

Rudeold.I have 500k of Jus shares.Ideas?:-)

superally - 03 May 2004 13:12 - 442 of 460

The number on my certs is 649540
Thanks Superally

little woman - 03 May 2004 13:18 - 443 of 460

Found it - I'm afraid it was dissolved in November 1996. It was called Barbican Holdings plc when it was dissolved. The records have been archived so if you want to find out more, you will need to ring the call centre on Tuesday (0870 3333636) and they may be able to tell you why it was dissolved if you're interested.

superally - 03 May 2004 13:23 - 444 of 460

Great work Little women thanks for all your help
Superally

little woman - 10 May 2004 10:18 - 445 of 460

Thought this needed to go back ttt

Fred1new - 12 May 2004 17:06 - 446 of 460

What exactly does protected transaction mean on the Trades screen Just noticed a 200,000 share purchase of BPRG.

Does it mean its protected from the price dropping? -(:-<) (If only)

little woman - 06 Jan 2005 16:08 - 447 of 460

I hope no-one minds, but there are lots of good questions & answers here to
help anyone who wants to read all the posts.

Also some may have new questions. (?)

Stan - 26 Jan 2005 16:53 - 448 of 460

I want to find out the previous daily volume of certain shares sometimes say for the last couple of weeks.

Where can I do this for free please on here or elsewhere?

Thank You.

gavdfc - 26 Jan 2005 17:04 - 449 of 460

Stan,

This link may help.

http://uk.finance.yahoo.com/q/hp?s=SIA.L

If you go into the quotes and info for the share, then you can click on the historical prices to get the data that you need. Not sure how you do it on Money AM, others may know how to.

Cheers

Gav

Stan - 26 Jan 2005 17:25 - 450 of 460

Gav,

Thats just the job.

Many thanks

Stan.

Fundamentalist - 26 Jan 2005 17:27 - 451 of 460

Can anyone explain all the trades gone thru RTD after hours with no time attached???

goldfinger - 25 Mar 2009 12:09 - 452 of 460

Id forgotten about this thread (late great croc) so ive brought it back to the top.

The Other Kevin - 25 Mar 2009 13:04 - 453 of 460

I'll re-open the proceedings then. Is it better to trade the index cash markets or the futures? And why?

The Other Kevin - 26 Mar 2009 08:56 - 454 of 460

ttt

jeffmack - 26 Mar 2009 08:59 - 455 of 460

TOK
Advantage of futures market is that it is 24 hour, while cash is only during market hours.

The Other Kevin - 26 Mar 2009 11:06 - 456 of 460

Thanks Jeff.

emailpat - 18 Apr 2011 14:09 - 457 of 460

Has anybody heard of Tunnel Trading by David Gregory?

skinny - 18 Apr 2011 14:17 - 458 of 460

Contact him directly - Tunnel Trader

emailpat - 18 Apr 2011 14:43 - 459 of 460

Thanks skinny. Do you know anything about this system? Does it require Spread betting a/c?

skinny - 18 Apr 2011 14:46 - 460 of 460

Sorry, know nothing about it.

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