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Keep an eye on what the mad king tweets ...

Keep an eye on what the mad king tweets ...

Quiet time for me. I try not to do anything on hols if I can avoid it and there wasn't much calling out to me.

I was away for a few days travelling in Spain and if I can, I leave things alone but make sure stops are there on the shares higher up the market.

A bit like Brexit where nothing else matters or is happening the latest China Vs US Trade war seems all that matters to shares!

Keep an eye on what the mad king (sorry just watched Game of Thrones) D.Trump tweets!

He'll move a share price for you just by writing something that he just thought!

Let's all hope it's not "Let's nuke China".

Hey man... I'm feeling all laid back... hey I can see the colours, dude.. can you see the colours?

Yes, I bought some cannabis. Not from the dodgy guy down the road (at that price, you've got to be kidding).

Well, the cannabis index provided by IG. It's like the FTSE 100 of cannabis shares.

It means I can have exposure to cannabis (!) without having to pick a specific share. (Search for cannabis index).

Though frankly I've not made enough to buy a single roll up yet. I'll let you know how it goes - when I can be arsed to.

After selling ITV (LON:ITV) (well the computer did it for me on a stop) I bought some back yesterday, it looks on the ropes which is the exact time you might expect a bidding war.

I was in Spain on the ITV report day - I'd put stops around break even and that paid off. Well, kind of, I could have taken a nice profit just the day before. So the final positions were taken out in my absence at around break even. (one slight loss one slight profit). I'm glad, as without stops the temptation might have been to hold on. But, I did pick up a massive 5p dividend on them so in real life, the trades yielded a reasonable profit inc the div.

I always feel with ITV once a bidding war starts the bid price could be huge. To add live TV and new production facilities should be very tempting for any number of big money cos.

However if it obviously continues sliding then I'll be out.

I added some more Synthomer (LON:SYNT) on current weakness.

They seem to be building support in the 390s and as long as that holds I'd be hopeful for a move up to 450.

I left a few buy orders on direct access on Gamma (LON:GAMA) (communications not the air one!) and only just noticed I got some the other day at the then sell price.

As mentioned previously I like this high quality company but the shares aren't cheap. However right now the market seems to want to pay for quality.

It's been knocking around 11 quid for a while but there seems to be sellers in the 1120 area. I'm hoping those get cleared for a move up to 1200.

I've bought some Andrews Sykes (LON:ASW). I like the rising figures, the nice 4% dividend, the cash, and it gets 100/100 at stocko for quality (never seen that before) but there is a problem.. it's hard to buy a significant amount. And the spread breaks my usual rule - though only just as actually when I bought this morning it was showing 610-670 but you could sell at 630 and buy at 665 (up to 500 shares)

I wanted to get 1,000 shares but that would cost 680p. So I got the 500 shares instead at 665p today but for my pot it's a small amount. If anything bad occurred it would be hard to sell the shares and if I want to buy a decent amount I'd have to pay way over the odds. It is really annoying as it's not a tiny small cap - the market cap is nearly £300m half way to being a FTSE 250.

Most shares at this level would have a much smaller spread and easy to buy and sell in bigger quantities. It seems a shame for the company as most will avoid because of the poor liquidity. Shame, as otherwise would have bought a much bigger lot.

Anyhow I'll stop moaning. It goes ex dividend for a very nice 11.9p on the 30th of this month, the payment will be received with thanks.

Uber joined lyft as a short on the US market. Both companies look massively overvalued for now, anyhow.

888 had to be axed for a loss of £160. I really should have sold it much longer ago and raised the stop. Bad boy. Naughty boy. No twix for me.

Ig Design (LON:IGR) went for a profit of £760. It just couldn't get above 610. Sadly it came down a bit before I sold, but I rarely get a top as I'm usually waiting to see if there is more. 

Elsewhere AB Dynamics (LON:ABDP) is a top performer with a profit of many thousands for me having doubled and a lot more. Obviously its rating has moved up but looks like traders are willing to pay for the quality and likely future prospects.

Sopheon (LON:SPE) shares are heading up again - yesterday it announced a further foothold in Asia - its softwarewill be used at a Thai petrochemicals firm, could be a lot more upside.

Cineworld (LON:CINE) shares are on the up again after a decent update yesterday. Network Int spiked up and down but for the moment it looks like a nice uptrend.


XP Power (LON:XPP) shares still power on with 3000 looking a likely target.

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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