Help me - I bought these a month ago - when they were being tipped all over the place. Since then the sector has gone down the swannie - should cut my losses (13%) or hold on for the long haul?

when does market close today? Is it 12:00?

are you for real scotinvestor ? not sure what planet your on, but when you do re visit earth, you'll find a far more complicated scenario than your highly simplistic ' 2 type of people ' analogy.

4.30pm ahoj

I agree with scotinvestor two types of people scots who run the country and the english who watch, the big cockup.

Let the scots have independence then Brussels will have to pay for their extra handouts instead of the English.

problem is many of my english friends have fled england.....and gov has brought in several millions of immigrants......and 25% of babies born are from these new immigrants.....so more dilution

halifax........you mention scots......in that case, its australia, canada, usa, nz etc as there are more there than in scotland.....we have 20% english though....go and do some homework halifax before making stupid comments like u do on most threads......oh and scotland gives 10 billion in oil alone each year and its extra 5 billion on top of that this year.....and england has squandered it all as usual like they have done for 25 years........big oil boys have had enough of it and r pulling out going abroad just like most brits........and now gov r realising they need more oil and trying to improve production......it takes time and there is litle incentive.

ps: country is run by advisors.....faceless people that we dont hear about

YEah scottish advisors.PSN 360p

Just gone up 30% presumably on short covering, now in auction.

Direcetor-related purchases amount to a sizeable amount 20kx4 = 80k-ish
However, this is spread over several persons, probably children - so the expectation is their shares are long-term gifts, which may improve on their own.
Normally I discount any Dir-purchases below 50k, so this series of trades should be ignored.

Yes, the current sp is steadying a little above the dip July08(-ish), so that's good, BUT not that good as I see no Long-Term improvements in Housing, land-values. What I do see is PSN having a problem with their Debt - to service the Land-bank and on-going Director costs since building has all but stopped.
Oakdene is another with a similar (Land) issue ( although much smaller Mkt Cap).

Builders need a land-bank but should ahve hived it off to another company, perhaps so it if "off their books" . . .

Persimmon also painted a gloomy picture of the sector in an interim management statement yesterday, brought forward by almost a month because of the financial crisis's impact on the housing market. The housebuilder reported new writedowns of 600m, taking the company's total for the year to date to 640m. Persimmon also said it now expects its homes to sell for 10pc less than they did in 2007, after previously predicting a 5pc fall.

"The uncertainty created in the housing market by the increasingly turbulent and uncertain outlook in financial markets has had a negative impact on all our regions across the UK," the company said. "The availability of mortgages has continued to be very restricted and cancellation rates have increased to about 35pc over recent weeks due to these market uncertainties. Sales conditions remain extremely competitive, while incentives and marketing costs are increasing leading to further margin pressures."

The company said that it was "fully supportive" of Government plans to increase mortgage availability to 2007 levels, as outlined in the bank bail-out plan, but warned that until these take effect "we do not expect to see any improvement in trading conditions".

Despite the writedowns, shares in Persimmon rose 5pc to 227p as the company said underlying trading results for the year to December 31 will be in line with expectations. Persimmon expects to complete 10,000 houses in 2008, 35pc less than last year, and expects to increase sales in the more resilient social housing sector by 25pc.

I'm watching psn and bwy for a entry near the bottom hopefully, these are two housebuilders that seem the strongest.

I have decided to use the golden cross as an indication of when to purchase. Look at the 10 year chart above, and you will notice 3 gold crosses in 1999, and 2000, the sp bounced along the bottom for a few years,and if you used the first signal it would just have meant going sideways before the gains.

Interestingly if you look at the chart today we are still some way off a gold cross, it could be another 6 month's before we see one. We might be near the bottom now I'm not sure, but lets see if history repeats itself from the last downturn.

Tried to spread bet it short to no avail. No market. No way this won't drop during the day from current +11%

Hose price continuing to drop...PSN can't sustain at 245p.


House Prices decline 2.2% in December
MoneyAM
Average UK House prices fell by 2.2% during December, according to the Halifax Building Society. House prices nationally are now 16.25% lower than 12 months ago.

Halifax says that the house price to earnings ratio is at its lowest for five and a half years. At 4.44, this is the lowest since April 2003 but is still above the long term average of 4.0

Housing market now certainly starting to show signs of improvement and recovery albeit at a steady pace.

Perismmon chart looks pretty solid and a rise up to 400p within the uptrend channel could be on the cards and fairly smartish

I'm still waiting for that gold cross, it looks closer now for both PSN and BWY, BWY chart shows the same bull channel as PSN. The reason I'm using this golden cross is that it worked well in 2002/3, and hopefully will work again.

Hi Spitters,

Zak Mir chartist over on tips reckons its already happened.

think hes using 10 day and 20 day MAs. (yep he as confirmed this.

I also like Bellway.

Did a stockscreen and the housing sector came out very strongly hence my movement into this area .

regards.

Bonsoir g/f

Just checked using 9 day and 25 day MAs, and it has already crossed.

I was using a much longer MA of 50 and 200, and expected them to
bounce along the bottom a bit longer.

Noticed that Naked Trader brought PSN last week also.

Robbie Burns, didnt know that, not a big fan of SMIRKEY BURNS and still dont know how he gets away with tipping stocks but is not FSA covered, anyway sorry about that, but yep think both of us are onto winners here. ( watch the crowd follow months after)

Redrow, could be about to spring upwards.

Keep an eye out spitters.

Stay in touch. regards GF.