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Keep Calm, Don't Panic     

Bullshare - 07 Aug 2011 08:20


Every where you look the news is full of doom and gloom about currencies and the markets, and rightly so. But, and it's a big but, some companies will ride out the storm, offer reasonable dividends and offer a buying opportunity. Obviously the 'cranks' will say their small cap tiddler is worthy of a huge upgrade in share price but maybe a flight to quality is where we should be ( I can't believe I am saying this!). Maybe the collapse in share prices might be an opportunity for some quite juicy M&A activity.

So here is my list of a few stocks I am watching for buying opportunities and why:

Misys; M&A activity bidder Fidelity National Information Services (FIS) walked away last week and shares came in for big sell off. Unlikely FIS will bid again just yet but if price continues to collapse might return.

SportingBet: M&A activity bidder Ladbrokes? Still rumoured out there with 70p bid. Perennial bid favourite but might be one to get dirt cheap.

Lloyds. Madness, yes I know, but below 28p I might just put some away for a rainy day, a pure punt.


Anyone else got some stocks to watch?

Dailos - 09 Aug 2011 17:45 - 39 of 104

All the usual suspects/rabble/jocks turning up on this thread!

Ive added MML to med risk and POL to high risk stuff.

Won't touch banks due to Eurozone exposure, there will be a great opportunity at some time for a long term investment, but maybe not yet...

Regards,
Gausie.

Martini - 09 Aug 2011 21:37 - 40 of 104

What the ****!

Last time I peeped at the US it was all negative again and I was doing the usual " I am in for the long term" and "5 years from now this will prove to be a good buying opportunity" you know all the usual self justification stuff but look at that close.


Must be the fabled plunge protection team buying futures :)

What ever. I haven't a clue what's going on.

Big Al - 09 Aug 2011 22:13 - 41 of 104

Gordon Bennett, they've all turned up! :-)

Dil - 10 Aug 2011 00:16 - 42 of 104

This time next year rodders :-)

Spaceman - 10 Aug 2011 00:27 - 43 of 104

Blimey I thought you lot must have all died. Good to see you all.

PS I did buy a few RDSB just below 1800, on Monday I was looking to buy just below 1900 glad I didnt buy then, what a difference 24 hours makes !!! These are mostly for my SIPP so I can still pretend they are long term just like Martini.

Martini - 10 Aug 2011 01:36 - 44 of 104

I find this all very confusing. I have a gold hedge which has so far insulted me from the worst of the stares drop. Today the spot price hit a peak of $1775 an ounce and when the US rally came it shed $53 to $1722. All very reasonable.

However it has since recovered to $1755 against a fairly flat US futures outlook.

Does not feel right but as I type there was a piece on Bloomberg about Chinese (and I assume Asia in general) punters buying gold which I suppose could explain some of it.

Rising gold and stare prices would be a perfect outcome but life isn't like that so I will keep space behind the sofa available

MightyMicro - 10 Aug 2011 01:50 - 45 of 104

I have shooting buddy who is head of a precious metals desk in the City. He told me recently that that a bit of gold in my portfolio these days was unlikely to go wrong. He's been flogging a lot of it in the ME.

Spaceman - 10 Aug 2011 08:21 - 46 of 104

I have some exposure to gold via GBS and also a small amount of gold bullion, its been pretty handy since I bought it in 2007 and 2008.

However gold bullion seems to be a bit of a pain to sell, I am thinking of selling mine at the moment and looked into selling it.

It is nice to get the gold out every now and hold it because it really does seem to have some intrnsic value unlike my stocks which live entirely in the virtual world.

skinny - 10 Aug 2011 08:28 - 47 of 104

I used this lot recently to sell some Kruggerand. I think there are places offering slightly more around hatton garden - if you near London of course!

splat - 10 Aug 2011 08:29 - 48 of 104

I would also like to know the best way to sell physical gold if you discover it Spacey.

Bernard M - 10 Aug 2011 08:41 - 49 of 104

Gold is at its current price by speculation, the world has plenty of it, and it is not much use for anything, so I have sold all my holdings this week as it will fall imho of course.

Bullshare - 10 Aug 2011 08:42 - 50 of 104

Splat: You will get a least 20% of the value of your gold here :-)
http://www.cashforyourgold.co.uk/

aldwickk - 10 Aug 2011 08:58 - 51 of 104

Bernard M

Are you talking about selling your gold mining share's or physical gold

ExecLine - 10 Aug 2011 09:20 - 52 of 104

There's gold inside every mobile phone and the Asian's buy it like crazy for jewellery. Those two things together are what sustains a persistent good demand. IMHO,of course.

I always think the best way to get involved with 'gold' is to buy/sell GBS. The GBS chart almost exactly mirrors the gold chart.

Chart.aspx?Provider=EODIntra&Code=GBS&Si

Martini - 10 Aug 2011 09:31 - 53 of 104

If it is Physical gold and depending on how much you wish to sell why not try Ebay? I know a large precious metals dealer who has sold a considerable amount using Ebay for many years now.

Currently Kruggerands on Ebay are being bid up to 1119.99+ on auction and Buy it Now prices are a silly 1300 + considering you can buy from Baird's at 1141.5

Dailos - 10 Aug 2011 10:09 - 54 of 104

I looked for a gold hedge as Martini has got one, couldn't find a thing so went for this..

media.nl?id=8822&c=1111189&h=e490e9d8f31

Martini - 10 Aug 2011 10:22 - 55 of 104

:)

Haystack - 10 Aug 2011 10:54 - 56 of 104

If you want to sell physical gold such as jewellery then Hatton Garden is the best place. My aunt died and I inhereted all her stuff. She used to make gold jewellery as a hobby and she had a few gold bars (just a few ounces). I did quite a bit of research and there are a numbers of metal smelters in Hatton Garden. The is quite a big one on the east side (quite a way down on the right going down from Holborn). They give a very good scrap gold price based on the gold fix every day. I used to have an office in Hatton Garden for several years and I realised that the worst place to take gold is a jewellers

Spaceman - 10 Aug 2011 15:42 - 57 of 104

I have been told Hatton Garden Metals is good for selling gold, mine is bullion not coins. I bought it on ebay but I am less happy about selling it there.

superrod - 10 Aug 2011 17:15 - 58 of 104

i have been an active investor for 15 of the last 20 years.its my opinion that the gold price is a bubble waiting to burst. my reasoning?
stocks are being sold indiscriminately and punters are going for the 'safe haven' of gold.what will happen when a recovery occurs (as it surely will)? punters cash in gold to get back into stocks/shares.

out of interest i did a mental calculation of the volume of gold good old Gordon sold.it would fit into my garage......btw ...no point in looking there lol
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