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The best signs that the market will soon get a kicking are always anecdotal....

The best signs that the market will soon get a kicking are always anecdotal....

Markets The best signs that the market will soon get a kicking are always anecdotal. I've had plenty.

Someone in a pub (who didn't know me) tipped me a dodgy oil share. (I pretended to be impressed.)

I'm getting emails from people about Bitcoin - and the like. Some are boasting on how much they are making and I'm thinking: Watch out for the bailiffs coming to take your plazma TV when it all crashes and you didn't realise how much your spreadbetting exposure was...

A company with no assets said it was changing its name to add "Blockchain" to it and immediately went up 300%. That one reminds me of the internet boom when any company saying they were adding an internet site doubled in a day.

I note a lot of questionaire answers to those I send to people coming to seminars tell me there is tons of crazy gambling going on.

People have lost interest in companies making real money and are after companies trading on massive multiples that haven't made a bean yet.

Most people are sitting on massive debt with no way of ever paying it off. People are using "contactless cards" for smaller items. They basically can't really afford them.

I could go on. Doesn't mean the market will crash anytime soon. It can go a lot higher if this is a bubble.

All I am saying is make sure you get out fast when it starts to tumble whenever that is. If you get left holding the pretend currency baby, you might end up crying like one. Boo Hoo. (Talking of massive multiples).

Interest rates went up today for the first time in years. But don't expect them to rise much more anytime soon.

Can you imagine if they were pushed up to the 5-6% levels pre crash (which is where they would be if we weren't in trouble with debt).

The housing market would crash as those overborrowed would have to sell. So would the markets. But would that be a bad thing long-term? Those in their 20s have little hope of buying property in the south anytime soon.

I've continued heading into some more cash topslicing things that have made me giant profits. More in a mo.

I've bought into gambling company 888. (LON:888). A FTSE 250 company.

This one was as high as 300p but came back after being slapped on the wrist and fined for not being responsible towards its customers. (Frankly: you can't stop addicted gamblers from gambling. It's not possible to nanny them. They carry on till they are broke and they will use whatever avenues open. Trust me, I have met loads of them.)

Then a major shareholder sold out. But the shares have slipped quite a bit, enough methinks to make them a bargain and not only a possible return to 300p but I also wonder that it could be a bid target from any number of bookies - it is an area where there has been some bid activity.

So I have snapped some up. I would probably get out fast if they slipped much below 235. There is plenty of support around the 240 area.

Shares in LON:K3C slipped for a couple of days, I wasn't sure why and researched it again. Couldn't find much wrong so I bought some more.

At its AGM last week it said it was trading comfortably within expectations and achieving solid growth.

A director has bought some shares this week. Results Jan 15th. They should blossom soon.

Packaging group Smith DS (LON:SMDS) shares were hit by a warning from Mondi but I felt that gave a chance to buy.

We talked about these at the last seminar where I said they looked interesting and weren't that far off gaining entry to the FTSE 100.

A pretty decent trading update this week shows the warning from Mondi did not actually extend to Smiths. So to me they look like an interesting buy.

I bought some Somero (LON:SOM)  . The new Barclays account won't allow it as it is down as American (Barclays is now is a terrible offering) but others do including IG.

Its last trading update was encouraging and I made a lot of money on it last time round. Now it is higher of course but I suspect given a strong market it could shift back up to all time highs. Dividend is also up 10%.

What can I say about GB Group? (LON:GBG) It has made me a fortune over the years, first in at 20p and now over 400p! It's time to buy some more. It continues to be in the right area, ID intelligence which only looks set to grow more. A very strong trading update last week prompted me to buy again.

Revenues are above expectations and I like its recurring revenue. I expect to carry on holding this and wonder if a bid could materialise.

And I used a dip in the Zytronic (LON:ZYT) share price to buy back the ones I sold in the last update. A solid and growing company, it looked like profit takers took the price back - an inline statement was perhaps a bit terse too! However it could easily head back over 600.

I bought a spreadbet in RyanAir. (LON:RYA) I find it hard to value airlines so don't often get involved but it has been hit hard recently by various factors however its trading statement seems to shrug a lot of that off so it seems worth a go but thinking of it as a bit shorter term, hence the spreadbet. Its load factor reported today is a touch higher. Shares should take off soon.

I'm on the verge of buying some more Alliance Pharma (LON:APH). A breakout through 60p could see quite a big rise. It tried once yesterday, I'm in if it does.

I continued going into more cash in case of a market correction given we are still close to highs.

Took profits on some of the longer-term trades.

Sold the last of the Sct for a profit of £9,331. Too good a run to ignore a final profit take. Part Renew for a profit of £3,840 after a strong run, still hold some.

SSY got tipped by the IC, so with thanks for that I exited for a very nice profit of £1,915.

If your shares get tipped by the IC or the Mail you often get a massive false rise, worth taking advantage of if you're already in with a good profit, the market makers see the buyers who don't do their research and just buy straight from tips coming and mark the price well up before they can get in.

Part of qtx went for a profit of £9,084. Pay went for a profit of £177. ITV simply kept on slipping and sliding so reluctantly booked a lot less profit that I should have done at £527. Coming back down to a decent looking buy price given the daily small falls so looking to get back in soon.

  The Pets At Home short was a real winner and I have banked the rest of it profiting by £975. All together the short made a combined profit of £1,850.

Purrfect, even though some of you thought I was barking mad. Taking all profits into account that's a total profot of £25,849 to add to the growing cash pile which I am going to keep adding to for fire power when a bear market kicks in.

Good gains continue in a lot of shares. Indeed some of the newer buys have seen leaps on good statements. A great statement this week from ULS sees the shares well higher. Same for Flowtech Fluidpower which have soared after a good statement. Recent buys Numis and Jarvis have both seen very good gains.

Longer-term trades still going higher include Yu Group (LON:YU), Iomart (LON:IOM) , Entertainment One (LON:ETO), Alliance Pharma,. Everyman (LON:EMAN), Morgan Sindall (LON:MGNS0, Safecharge (LON:SCH), Burford (LON:BUR) and GVC (LON:GVC) among others. The short in Devro is close to being closed for a small loss, I wouldn't give it much past 250.

Anyway let's hope the markets can keep going higher till at least the year end! But a reminder when downslides happen they can happen quickly out of nowhere. Have a plan.

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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
 
 

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