UK 100
Latest price: 6,947 (-0.04% Descending)
52-week high: 6,950
52-week low: 6,183
UK 100 - 1 year chart
UK 100 - 1 week chart
Advertisement
The Naked Trader

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.


Proactiveinvestors highly recommends that you read these books: Naked Trader 3The Naked Trader's Guide to Spread Betting and the brand new product, The Naked Trader Diary 2013.

Fancy spending a day with me, learning all the ways I have learned over the years to find good shares and play the markets? Well, you can at one of my seminars! Email me here for details.
Pdf

Naked Trader - I just try to follow the market - not try and guess it

February 19 2015, 4:06pm

MARKETS

Considering all the Greek malarky and the fighting in Ukraine and all - you'd wonder why the markets are pushing highs.

They seem to be taking more notice of falling inflation and some decent figures around the place rather than worrying about anything else.

The Greek problem looks like it will just be pushed down the road a bit but it isn't going away and I suspect at some stage markets will take fright.

When markets are at highs it seems nothing will push them down but it is amazing how sentiment can change so we have to be careful. However they could keep pushing on up. 

As usual I just try to follow it and not try and guess it. Many commentators have been predicting massive falls but they just haven't happened. For the moment I still have ftse shorts in the 6900 area but I will dump those if an obvious break up and breakout over all time highs in the 6930 area happen. 

TRADES

When a company gets bid for and then it is turned down, it's amazing how often said company falls to a bid again at some point in the future. I've had quite a few of these in particular Kentz (LON:KENZ) where I made many thousands.

Iomart (LON:IOM) where I made quite a bit when it was bid for before managing to sell before the bid fell through I think is one of those and been building a stake in it.

It's six months since the last bid for it and it would be little surprise to see another one come along - the last bid interest was around the 300p mark and I suspect the company could be bought for that. Or 270 will do! Hell, I'll take 250 !

So I have bought a few more IOM, and noted the price has been steadily rising since it hit around 170. Looks like others feel the same! Even if it isn't bid for it seems to be reasonably priced around 2 quid. I hope to hold now and be patient.

Talking of bids 888 (LON:888) was the subject of an approach by William Hill - I gratefully 

sold taking a profit of £1,686. Reason was the mooted bid was at 220 with rumours the family holding the main bulk of shares wanted 300 so it was unlikely to happen.

However once William Hill pulled out I bought 888 again on weakness as there is little doubt I think that 888 will end up bid for with any number of companies in the frame and I suspect one of them will go for it and would have thought a compromise price of 250 could be reached so I reckon the shares  are worth holding.

I think it likely 888 will have been taken out by someone by year end and now just a question of holding them for the rewards.

I bought a few more London Capital Group (LON:LCG) - the shares have been stuck in the 28-30 area for a while, I sense there is a share overhang (a lot of shares that need to be cleared) - once that happens there could be a nice 20-30% rise all of a sudden. New management is in there and I noticed a lot of action (for example helpful phone calls from them). Given they have tons of cash they are worth at least 30p where spreadex tried to buy them a while back.

 

I picked up the shares I'd asked for in new issue John Laing (LON:JLG) at the price of 195p which looks a reasonable price for a good growing company with a nice dividend and tempted to get a few more.

 

JLG looks like a nice long-term ISA tuckaway and a reasonable sleep at night type. It's currently available around the issue price.

I do like Sprue Aegis (LON:SPRP) the health and safety company and I bought some more this week even though I've made quite a bit on them already. Averaging up has worked a lot for me.

And Renew (LON:RNWH) has come back quite a bit from the 300 area to the 270 area and that was enough to tempt me into buying some more this very morning. A company with a great future - once it gets back to 300 any push above that and 320 looks a good target area. 

Caretech (LON:CTH) just wouldn't shift higher than 230 so I took a small loss of £276   selling at 220. Took a profit on Utw of £778 as it climbed nicely higher after a decent statement.  Since then it has come back a little and hoping to repeat the trick buying again in the low 200s if I can... finger on the buy button!

AROUND THE PORTFOLIO

Recent trade shoe zone's shares have been well heeled since buying moving nicely upwards. Dividend on the way too.

Al Noor (LON:ANH) has given me a nice 100 points but more to come I think

Pets at Home (LON:PETS) doing well and now up more than 30% on the initial buying, being a bit greedy and looking for 250. Those of you who came to the seminar saw the real giant spreadbets I have in it where I am up more than £13,000.

Carclo (LON:CAR) shares continue to motor. Amino too. 

Entertainment One is starting to rise again after its recent acquisition - well underpriced at the moment, and should soon go back over 300.

Dignity (LON:DTY) is really flying high for me trying to push up through the 1900 area, nice and now doubled on my first entry point. Today it seems to have pushed through quite decisively. There is money in death you know. 

Optimal Payments (LON:OPAY) is rising very nicely indeed and looks about to head back to the 400 area.

Servelec (LON:SERV) yesterday issued a statement that it was awarded a position on a new procurement framework and that sees the share price head back up to near the 300 level again.

Nakedtrader  was created after I left my full-time job as a finance editor for BskyB to trade full-time. I had been writing an diary page for its teletext service since 1998 and decided as I was leaving to transfer that to the internet.

These articles are simply a "diary" of my life, or what you would now call a "blog". I detail what I've bought, sold or shorted and briefly why. I use various spreadbetting companies and stockbrokers to carry out the trades. I ignore commission but also dividends and I reckon the two balance each other up.

So you should be aware this is not a "tipping" site and I do not consider myself, nor do I want to be, a "tipster". In other words tipsters will urge you to "buy" something - and they generally are regulated to do so by the FSA. I simply state I have already bought or sold something personally. Because of that I am not "regulated" - so I am not an authorised "tipster". I am simply a trader who states his positions.

That is quite a big difference. I am not allowed to give what is called "Individual investment advice". And quite right too - I am not trained to do so. What that also means is if you e-mail me and ask me anything along the lines of "Should I buy or sell this share?" I cannot answer you except to say it is your choice! Of course I am more than happy to answer anything to do with general market/educational questions.

You should understand I always have an interest, and sometimes a big interest, in any stock I talk about. For website purposes my buys will often be to smaller stakes than in reality. So although my buys are real enough, as are the prices, I can and often do buy much bigger stakes in the shares. I may also "top up" in shares without declaring it and I will  sometimes deal more often than I mention on the site - mainly because of time pressure, if markets are busy. So though the buys on the site are around the £5,000 mark I may well deal in reality is sizes of £10,000 - £30,000.

My reasoning for this is I simply do not want to encourage people to blindly follow me into something when they do not understand the potential risk. It's ok for me because I can afford to lose money I put into the market. It may not be the case for you.  I am generally a medium term investor holding my shares usually between 1 week and on occasions up to 3 years. Average holding time is probably about 3 months.

So one of my main messages is: don't be tempted to follow me blindly into my choices. Quite often, as I play momentum, a share I have bought may already be much higher than when I bought it, especially as I do not update every day. If you follow me blindly you may be buying at a much higher price and you may end up selling at a much lower one.

You should ALWAYS do your own research and come to your own decisions on share purchases. If you follow me into something and lose money, you only have yourself to blame and not me. You should learn about markets and understand what you are doing before entering them.

The most risky way of trading of all is spreadbetting, which I do quite a bit. You should carefully read all the warnings that the spread betting firms issue together with all the warnings in my books. And never, ever, play with money you cannot afford to lose.

The aim of this site is to entertain, and perhaps stimulate debate, and that is the condition of entry !I really hope you enjoy reading about my triumphs and mistakes, but please, just watch and enjoy my triumphs and learn from my mistakes. Consider this site as entertainment. If this is your first visit to the Nakedtrader website site, I thank you for visiting me, and hope you will find this site useful. 

After reading and agreeing to the disclaimer, click the "I accept" button below. Please remember, I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.

"The investments and other products referred to on the Naked Trader website should in no way be considered "advice" to buy or sell anything.  Naked Trader information is given in general terms only and does not constitute personal advice to any individual.  Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money.  Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment