Proactive Investors - Run By Investors For Investors

The markets have certainly had a good run......

The markets have certainly had a good run......

I see that IG are now trading Ripple.

I don't like Ripples (too crumbly) so I have shorted.

I have asked them  to please also make markets in Twix and
Kit Kat where I would like to go long.

The markets have certainly had a good run and are due a bit of a correction. It looks unlikely there will be a major crash though who knows. The FTSE has given up some gains.

Anyhow I took out the FTSE short as signalled in my last update. Going very well so far and even better I now have stops at break even and some in profit. So with a bit of luck I can't lose now. It  could easily rebound which is where stops would bring be out at a profit of some kind. If it kept going down would gradually move those stops down to lock in more profit.

I still feel for now any buys have to look really good and have everything going for them and it they don't out they will get axed quicker than Cersei orders revenge on an enemy.

I'm also vaguely looking for shorts too, anything with a high debt or rating, these will get hit hard in any slowdown.

I bought some Future (LON:FUTR) though, hoping there is some future in it.

What's bizarre is I never realised I had them first of all.

I'd put in a direct market access order live at the then sell price at the last seminar but didn't check it had been filled as obviously was rather busy that day! I've also bought a few more as a normal order.

An interesting company, profits seem to be on the up, debt is lowish which is good considering they have spent a bit on acquisitions.

It didn't make much of a profit last time but forecast looks very good for this after
some acquistions.

If it makes forecasts, then the shares look good value. Doesn't look like any statement is due till April but would be interesting if the shares went up prior to that. It's quite volatile but would exit if it went down much to be on the safe side. Then I'd try again a bit lower should that happen.

I added some more Sopheon (LON:SOPH)

What more could you ask for than an amazingly bullish statement with all the buzz words I fall for.

It expects pre-tax profits to be "significantly ahead" of expectations and on top of that has more than doubled net cash.

Licence deals are  marching up and I liked that they actually gave out some figures in the statement unlike most companies who leave it so vague.

Shares are rising nicely at the moment and any move above 600 could see a more deserved 650p rating. The spread can get a little wide which is annoying but sometimes it closes up.

My gamble stock Ab Dynamics LON:ABDP fell quite a bit and stupidly I kept hold of it way too long exiting for a profit of £1370. And now I have bought back.

That profit should have been way more, at least a grand more.

However it has now come back further and now looks worth going in for again. So I bought back into ABDP this week. See comments on it in the archive for reasons.

I shorted (betting on the share price to go down) Pets at Home (LON:PETS).

Made a lot of money on this one when it was going up a while back. For now though it looks unconvincing, despite sales being up. Probably its best chance of improvement is via its
vets practices. The CEO left and the has sold a massive 12% of shares.

I'm aiming for around the low 160s as there is plenty of support for the shares around there. I suspect it wouldn't fall much below that and indeed I might be tempted to buy at that lower level and might switch to a long at that point. Debt continues to sit around the £150m level, quite high.

I've shorted Conviviality (LON:CVR) which I know is not very convivial of me.

On the face of it half year results look ok. What I don't like is the massive debt that is building up in the business.

And on top of that I would think a lot of its customers might well be struggling. If a few of them go under, it will affect things, and there could be some pressure on margins.

Given the valuation looks pretty full anyway with that debt, it now looks
overvalued. It came down a lot after the statement then rose a bit so looking for a push back to the 300p area.

I shorted Boo Hoo ( probably get some hate mail but good at pressing the delete button ) - I know many are in this. Had a discussion on this one at the seminar.

The rating just looks too high. It's been really well run. The site seems to have a lot of "one day sales" which miraculously get run again the day after with a countdown clock. That's a
worry. It relies on one or two brands. if the fickle youth market decides it is bored with the clothes here they could go elsewhere. And if there is any question mark at all the shares will slump.

Given there is an outside chance of a bid (Asos?) a short carries some risk which is partially
negated by a guaranteed stop.

I've been taking some more profits. Indeed been looking to cash in on some longer-term trades.

Morgan Sindall  has been a lovely longer-term winner but I'm out as the sector is out of favour and I have banked a profit of £1,460.

Same with Rnwh (LON:RNWH) where I have banked a long-term gain (over 4 years) of £19,570. Thanks,
loved you both!

Elsewhere las week's buy Abcam (LON:ABC) has flown higher and there seems little stopping it right now despite market falls. And some magnificent rises for K3C as it pushed on up through 200.

Nicely under the radar and has potential to head closer to the 300p level. Avon Rubber won another defence contract in the US.

The market liked Entertainment One's (LON:ETO)  buyout and the price is pushing up nicely. Surely a bid must come this year! Taptica (LON:TAP) holds at a higher price. T Clarke put out a decent statement, looks like it's well run and it hasn't really been affected by Carillion

Overall then I continue to be cautious and I don't want to give up some marvellous recent gains. So for now, more of a seller than a buyer!

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

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use