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Robbie has been trading full-time since 2001. His book The Naked Trader has become one of the biggest-selling finance books, reaching the top 150 books on Amazon. Trades made and published by Robbie’s have amassed profits over £600,000. You can read about his buys and sells daily on Proactive Investors.
January is a tricky month....January 22 2015, 4:37pm
In my books I do bang on about being careful with "leverage."
"Leverage" is just a spreadbetting firm giving out credit so you trade more and so they make more money.
The amount of leverage they give out is way too much and with the news of the Swiss Franc sudden massive change loads of trades got totally wiped out.
Not only were traders wiped out but some spreadbet outfits that allowed too much leverage meaning their traders can't pay their debts and so they have to take the hit.
Alpari was badly hit, pretty much wiped out, IG lost £30 million and London Capital a modest £1.7 max.
The lesson here for those of you who use spreadbetting is, do NOT over borrow.
Imagine what would happen if some of your positions went wrong/bust. Your losses might be massive, could you afford to pay them?
Spreadbetting debts are liable to law, so they could send the bailiffs round. Beware!
Always only use a bit of leverage if offered. Please! I have heard enough stories of people being wiped out. As they always say, only play with money you can afford to lose and can cover with real money.
It's time for a bit of caution at the mo - what with money printing and the Greek troubles and the Greek election this weekend
Expect probably a lot of volatility in the next few days. It was pretty volatile after the QE announcement this lunchtime as traders tried to make sense of things.
Of course the fact they are having to do the QE is because things aren't exactly great so we ought to bear that in mind as well as the market has had a good run for the last week.
January is a tricky month anyway which I'm wary of and I don't take on unnecessary risks.
However I have made one or two trades in some favourites.
I've more than four timed my money on this company making me more than £30,000 and more than happy to top up with more.
If you go to the cinema these days chances are Entertainment One will be the first thing you see on the opening titles. It also makes popular TV shows like Peppa Pig.
And not only are profits on the up but so is the valuation of its catalogue which is worth a fortune.
I think eventually the shares will go to a fiver but the first target which should be obtained this year is 350.
I had a very nice run with Spire (LON:SPI) and so lobbed a few out at 341.96. The shares went down due to a placing at 315 - shares often go down to a placing price and then go back up again so I gratefully bought them back at 314.4 and 314.7.
It's a big dodgy touching anything oil related right now but Pressure (LON:PRES) was probably hit way overhard and I have bought some .
Shares have more than halved so I've bought some on a little bottom feeding (Sounds horrible) - it's bought its Sheffield base to cut costs which was announced this week.
New stores are opening but I especially liked the revenue increase of 26% from its joint vet practices.
Most traders shun this kind of share as they perceive it as boring but I don't see why this one shouldn't have a good year with current increases it looks worth more, and no reason why it shouldn't head back up to its float price of 250ish. It's also a nice sleep at night one.
I sold and then re-bought London Capital Group. (LON:LCG). It started to tumble as it got hit by the Franc debacle and I closed for close to break even. However the shares tumbled this morning so I bought some this morning with the view the markdown has been totally overdone. It said up to £1.7m of losses at most could occur and given the masses of cash and that it is going into profit means to me it's a buying opportunity today with very limited potential downside unless I am crazy.
Finally I picked up some 32 Red (LON:TTR) - this one has been well oversold on new gambling licensing regimes and in my opinion and today's very bullish statement shows why it has become very cheap now.
It announced record gaming revenues and a very good performance in Italy. A strong start to the year already, it has to be worth more. It looks a good gamble for recovery!
Let's have a look at some shares in the porfolio that have had statements..
Servelec's post year-end statement was confident and bullish and all seems on track so see no reason why not to hold it for as long as possible for gains. It also has to be on a potential bid list.
Sprue Aegis (LON:SPRP) put out a fantastic report, expecting to beat market expectations - a really strong update. Plenty of profit here now but there is more to come. If it were not for weak currency it would have galloped much higher.
A good trading statement from KBC (LON:KBC) this morning. Results are in line and when you look at those the shares look mighty cheap and directors are piling in. It won a good contract extension and has a record order book.
Quartix issued a steady update, nothing remarkable but nothing bad either.
Energy Assets (LON:EAS) has won a decent metering deal with Westminster Council, one of many to come I suspect and directors are buying after it said revenue was up but its meter deal with BG was moving slower than expected. I am staying put for the long term here.
Regenesis put out a decent trading statement and with directors buying straight after the shares have gone up nicely.
GVC (LON:GVC) reported well last week, very strong sales indeed and a wonderful dividend, it went ex today which is why it is down a bit but a nice dividend has arrived in spreadbetting accounts and soon to be in the ISA.
Xeros Tech (LON:XSG) has boomed higher last 2 weeks... As those of you who get my SIPP email know and those of you who have been to seminars also know I have been buying these for the pension since 70p and have now trebled on them making massive profits. Hard one to call as it's a jam tomorrow story but the jam could end up being thick.
Cranswick isn't doing much but a statement is due soon