Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

mudhoney - Tom Bulford's tip to sell and take profits came out in the RHPS weekly alert (I assume via e-mail) on Thursday, so I'm told.

There's a general view that because RHPS have given some poor tips this year (sounds as though you chose the best ones), that selling RTD now makes the RHPS portfolio of tips for 2004 look much tastier.

RTD is rapidly zooming out of the penny shares category, TM100 entry is expected in early January, Goldman Sachs and other funds are snapping up huge chunks of shares, RTD announce full year profit "materially above expectations" a whole TWO MONTHS before year end - this suggests that profits were well up even at that time - and what's going to happen in November and December ? Oil prices still relatively high helping along the Oz fuel card profits and Christmas online sales breaking all records.

With this level of good news, I'm sticking around for the journey to 1 and beyond.

OG

Well said - i think all the points you make are valid although 1 may be a tad optimistic - ill be glad to be proved wrong on this though

Mudhoney - Bulford advised on thursday after close of play that this was a sell. The very tenuous reasons he gave were that he had made 50% and that the tracker funds buying in had inflated the price by 2-4p. He gave no attempt to justify it upon valuation grounds or based on recent news flow.

I think until further news comes out there will be some taking profits (its gone up 100% in less than 2 months) that said there is a chance on Jan 5th RTD will enter the TM100, first week of jan should see a results update and full year results are due in march - thats without any further institutional holding or new contract announcements.

For me this still remains a long term hold

PS - Fred if youre around are you still holding?

Fundy, Hello there. Yes I am still holding. I expect a price of about 34p will be a little bit of stumble. But I have put a stop loss of about 24p. I will trail this stop loss but I only have the facillity on a portion of my holdings. But having review my holdings after being kicked in the teeth by TEP and TFC and a little uncomfortable by BPRG at the moment I feel I am not very confident about any of my holdings at the moment. I am still wondering if the decision that BPRG can't be held in ISA or PEPs may drop BPRG price more. If it does I may stick my neck out a little further and buy a few more. Although my major holdings seem a little diproportionate in size. Oh to have the confidence of a fortune teller.


One of the problems I have at the moment is guessing the effect of good results have on share prices. TEP results are not as bad as all that and don't merit a drop from 410 to 202, interesting that the volumes on the 13th time of drop from 260 to 202 is more or less the same as on the bounce on 14th to 227 with reduced selling on 16th but one of the problems with TEP is the wide spread. TFC has botched its supplies but if judged over a number of years appears to be doing the right things, but has been overcaned due to a what I think is a short term profit warning which has been recognised and accepted by the board. ie the first step to finding a remedy. BPRG is responding to being played by traders. (I would try to do the same if I could only get my timing right.)

The only good thing to happen in my holdings this week was that I had put a stop loss on some TEP triggered at 266 for a profit and I am not to far out on the other TEP holdings. ( I had forgoten that I had put a stop loss on them. Thankyou COMdirect. Sod Barclays.

I would not like to influence anybody about holding on to anything at the moment other than a glass of Brandy.

Happy XMAS.

Before somebody jumps on me. I know the market is always right even when it disagrees with me. But at the moment I wish it would march to my step a little more often!!!

morning all :-|

Thanks for that Overgrowth, I stand corrected!!
I think you are right that there is too much good news around RTD to start selling now. A little down this morning but nothing to worry about, nothing ever goes up in straight lines.

on its best days it didn't rise as fast as this fall on this vol. !!! ;-\

still 'tiss harder to uphill than down....so holding and hopeing, don't want to regret not taking profit again.........

Douggie - Buys are almost up with sells now for today's trading.

The selling volume is caused by just a bit more profit taking from the folks who received their RHPS update on the doormat rather than by e-mail.

mudhoney - It'll require nerve from all of us to avoid selling RTD too early when we start to make sizeable profits and don't want to lose them. If there was no discernable news in the pipeline I'd be selling to get a Christmas "windfall", however there is so much going on and FY results to come in March which we know are going to be spectacular. RHPS can provide some good tips and if you back them up with your own research then you really get to reap the benefits - I think there are a few too many "armchair investors" who follow blindly what the RHPS tipsters (and those of other tipsheets) say.

as a matter of interest what is RHPS?

Red Hot Penny Shares - probably the best known small cap. tip sheet.

thanks. Lets hope it is wrong on this occasion.

Roro

Just in case you were thinking of subscribing, look at the thread "Is there a good tip sheet".
I've brought it to the top for you.

WT.

Nice to see a million shares bought at close again !

Hi All

Just dropped back to wish you all a Merry Christmas and a Prosperous New Year - Unfortunately I don't hold any of these atm (wish I did) but I still read the thread from time to time with great interest. Thanks for keeping the thread going and for all the research and input from you all, too many to mention.

Good luck to all

NF

Nitefly

good to hear you are still about - shame you are not in!

OG - same old story - the small investor sells with the herd while the big boys mop up the shares

thoes 4x 500.000 should give us a blue open tomorow I hope. ;o\

I agree Douggie, there were only 1 million bought when I looked, the delayed reporting now shows up an even tastier 2 million buy at close of play :-)))

I think you'll find that at least one is not a buy but a broker to broker to fill one of the buys - there may have been 1m or 1.5m bought

Personally think we will see continued volatility if the mms are still filling large orders - is this GS still accumulating and if so - who for?

0n this volume yesterday we were down a lot more than the 0.25p rise today ;o\
still blue is nice!!!!

Douggie - and getting more blue by the minute :-)))