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Med term investors - time to consider revising target prices? (INV)     

stockbunny - 16 Jan 2004 16:20

This question is possibly
more apt for the medium term investors - those who are not day trading
but equally are not looking to hold their shares for the very long term
but are focused on selling on growth or upturn or recovery.

The market has altered somewhat in the last few weeks and now
appears to be more positively heading towards maintaining a rising
profile (to say a bull market would tempt fate!) but however you put it
things are looking much better than they were!!

Bearing this in mind has anyone grappled (as I have this week) with the question
of reviewing the price targets they HAD set previously for the share holdings
they have? Considering the general rise most have enjoyed coming through from the market as a whole and in some sectors particularly, it's a question I am
going to continue to grapple with over the weekend.

stockbunny - 16 Jan 2004 16:52 - 3 of 5

Fundamentalist - Good to know I am not the only one to have thought
reviewing matters could be useful.

Alas I only share one holding with
you - or rather did in the past tense, as you have now sold your LLOY
shares! But on that one my target set back in Nov was 495p and at
this stage I am sticking to it, but with a view to seeing where the
banking sector are generally heading when/if the price reaches 490p.



Fundamentalist - 16 Jan 2004 16:59 - 4 of 5

Stockbunny - good luck holding Lloyds. 2 things influenced my decision, the ousting of the FD in a close period and the continued divi pressure. Good luck with them - if they drop again I'll be back in because ultimately they are a sound business, i just feel the valuation is more in line with peers currently

stockbunny - 18 Jan 2004 10:43 - 5 of 5

Got a small way into reviewing share holdings this weekend.
Alterian (ALN) was targeted to sell at 80p now going to review that
to 90p although hopefully that will not be the kiss of death
with their trading up date due shortly!!!

Also GB Group (GBG) was a sell at 40p now going to raise that one to
50p.

I have moved both of these purely because the market has risen
and the sector has also risen, of course should that reverse the
targets will have to be changed again!!

Lastly RTR Reuters was a target sell at break even (401p) in my case
as I bought in around April 2002 and it was basically a bad call
at the time!!

However, with media/advertising looking better and the internal
changes RTR have made plus the rise in the market and the prospect of more
jobs in the sector again (more people = more terminals..) I am going
to totally stick my neck out and say I will hold on past break even
and aim for a target of 450P

Well everyone should knwo by now I am an optimistic Bunny and not an
authority at all, so DYOR!!!!!!
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