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Traders Thread - Wednesday 2nd August (TRAD)     

Greystone - 01 Aug 2006 22:02

hewittalan6 - 02 Aug 2006 08:37 - 6 of 12

BTW, LW.
You seem to be in the know on charts. Have you seen the HYC chart? Golden cross approaching, but i cannot see how it can then maitain momentum from there. What do you think?
Alan

partridge - 02 Aug 2006 08:56 - 7 of 12

Endorse fully LW comments. Compounded dividend growth really adds value over time. Held BP BAG BARC HLMA KIE and PZC through thick and thin and overall return excellent - occasional sales/topping up, but would have been much better if traded regularly at or near high/low points. That is beyond most to gauge (including me). On the rare occasions I have invested in companies short of cash/not yet profitable almost all have cost me money.Only "decent" one to fail was Marconi and worst mistake was to sell 150,000 Ashtead for a small loss at 15p!

partridge - 02 Aug 2006 09:06 - 8 of 12

Should also have said don't believe in using charts (possibly because I don't understand how they are supposed to work) but do believe in cash flow analysis and getting to AGMs to see what the management looks like face to face. Easier to do this now retired from full time work. (Missing HLMA today for first time in years, but chairman's comments look reassuring enough!)

Stan - 02 Aug 2006 10:19 - 9 of 12

Morning All,

Some wise words above for any people looking in who are not very savy IMHO.

little woman - 02 Aug 2006 13:34 - 10 of 12

I only use charts for spread betting intra day. I struggle to read them, except for the "obvious" general trends! ;-)

I have shares that I have watched for years, and follow the trends of those. From time to time I add a few, and lose a few - but I'm no longer going to "add" any AIM shares and certainly keep well away from anything "tipped".......

little woman - 02 Aug 2006 13:41 - 11 of 12

Do you know the worse thing about this!

I'm sure I've said something like this before - but like many I keep forgetting to learn from my mistakes.

partridge - 02 Aug 2006 13:54 - 12 of 12

To err is human - and everyone does it.After 35 years of dealing, most difficult decision still is to sell at a loss. LW - think there is value in some AIM shares if selective, particularly some of those previously with full listing. I am very pleased with LTHM and hopeful that RSG will be a winner in 2007 (two years after moving to AIM, with elderly Chairman holding 70%). Favourable IHT and CGT situation also makes looking at (and holding for 2 years or more) better quality AIM shares a consideration for anyone whose estate faces substantial payment to Mr Brown.Funny how you start looking at these things a bit more when you get past full time work.
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