logo-loader

NAKED TRADER - Buy when there’s panic in the air

no_picture_pai.jpg

MARKETS

It is easier said than done but the best time to buy shares is nearly always when there is panic in the air, markets are tumbling and traders gloomy.

I find it reasonably easy not to be scared because when I go bargain hunting I go in with the view that I am out of any bargains fast should they start to drop further. However if they start to go up again I can stick with them for a bit.

So I have traded quite a bit despite being away in Spain. But my trusty laptop is there between cocktails by the pool! Just got to make sure it doesn't get wet...

I can't cover everything I did but I'll have a go with one or two. First just to quickly say closed out a few more of the FTSE shorts banking another few thousand and got a wall street upbet opened at 15946 - up a couple of grand on that now, and using a trailing stop on it now. It's pointless mailing me about indicies betting, this is not my forte and I have no wisdom to impart except best place if you do do it is

spreadco.com/nakedtrader ...with a  spread of just 0.8

So I bargain hunted two: I got some more Iomart (LON:IOM) getting some at 171.97 and topped up on Sprue Aegis (LON:SPRP) at 249.

With both you could argue "Boo, Robbie you useless hypocrite you say try not to average down". And that would be fair comment but in my defence neither share in my opinion are high risk and had come down via panicked selling of everything, hence I considered them both a bargain. So there. And I could end up with egg on my face. (Make it fried, please)

But I think Iomart (LON:IOM) will get bid for again around the 300 mark so plenty of upside and Sprue (LON:SPRP) looks cheap.

I love doing seminars, new stuff always comes up I would never have found at home so (thanks Janice!) I bought some Energy Assets, (LON:EAG) 1,000 at 395.25 live at the seminar as they looked an excellent idea. I also topped up with some more around the 400 mark.

Yesterday it announced a deal with N Power. Its smart meters look set to become a standard and long-term these shares look magnificent. Only problem is the spread sometimes but managed to get round that at the seminar getting them at the sell price. 

Room still left at my seminar this Monday if you'd like me to show you live how to do this kind of stuff!! 

Another that came at the seminar, thanks to whoever it was, I forgot to take a note...  was Flowgroup (LON:FLOW).

It's a "jam tomorrow" share, ie loss making but with a good story and lots of cash. So hard to value, but if its flow boilers take off, it could end up a big company indeed. However only a small amount to start with taking the risk into account.

A bit on the high risk side but  I bought Flow live at the seminar. It's very volatile so hard to get the right price.

One where I have built up a nice position in with good profits is OPG (LON:OPG) and topped up there at 84. That seemed a sell off too far. Once it can conquer the 105 area I am hopeful of a move up to 120 for this one.

I bought Regenersis (LON:RGS) after it announced £15 million in new contracts, it's been looking well oversold recently.

The contract for RGS strengthens its position and it looks an interesting play to hit 250 and then 300 again.

Audioboom (LON:BOOM) fell back to its placing price of 12.5 - this looks a fantastic area to buy back the ones I sold off last time for a nice profit so I have bought some back!!

More details on why I like BOOM in the archive when I last bought it. I would have thought they could gradually climb back up from the current 12-13 to about the 17p area.

As I talked about at the seminar I was looking at ways of making money from travel stocks hit by the ebola scare.

So I bought some BA or rather International Consolidated Airlines (LON:IAG) (check out the groovy name) at 349 on a spreadbet at the seminar. A Spread as I can't imagine hanging onto it for ever though I still have it. I also bought IG's Travel sector and that bet is currently up £300.

I've also picked up some Pets at Home (LON:PETS) - this one has been a right dog since it was floated on the market, but it looks like it is turning around with some big support coming in.

Its statement this week was pretty good and it is beginning to look undervalued. No reason why it shouldn't crack on over 200 and up to the 230 area in time. The share price just needs a bit of heavy petting.

The high risk APR trade ended in a loss. It really shouldn't have - I forgot to put on a trailing stop which would have got me out at a nice profit. A silly oversight on my part I ended up taking a £250 loss instead, lesson learned.  Someone somewhere knew there was going to be a warning with sellers crowding the order book for a few days before the announcement. Hmmm....

Well. After being short of Carpetshite (LON:CPR) for a long, long, time I decided to bank the profits, which for me personally was about £25,000 worth.

My reason is despite the fact I think it's probably worth 200p or less, I've made more than 400 points out of it on the downside, and so given the downside is a lot less now and might take some time, it seemed sensible to bank the short at last.

It feels a bit weird to be out - I was surprised to be able to get out of the shorts quite easily as I had a massive stack to exit but it was easy.

So for the website that's a profit banked of £4,585 from betting on the shares to go down. Nice one!

I might be tempted to go back in with a short again if say they headed up towards 400.

I sold half of Pres (LON:PRES) to take a profit of £238 and kept the other half as the share price wasn't moving much.

I also took half profits in the Rightmove (LON:RMV) short to bank  a profit of £744 keeping the other short open now using a trailing stop on it.

I've finally exited the Chime (LON:CHW) spreadbet to bank a profit of £3,120. Though I have kept hold of a few still in the isa. 

New Brit (LON:NBPO) has been bid for at 715p - held on to a small bit of that in the isa which I'd forgotten about and I think I will just take the cash at 715p giving the website a profit of £4,454.

So some very nice profits indeed banked in this update for a total profit of £12,891.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Brickability Group PLC looks to raise £57mln as it lists in London

Brickability Group PLC's chairman John Richards chats to Proactive's Andrew Scott ahead of the firm's listing next week in London. It plans to raise £57mln as part of the initial public offering, valuing it at around £150mln. The Bridgend-based company, which counts Redrow plc (LON:RRW)...

3 hours, 12 minutes ago

7 min read