MARKETS
The idiotic volatility doesn't really affect me much, my lot don't move like the
FTSE shares to and I'm not into the volatile ones. It has been bonkers
In my opinion most of it is caused by computers, geeks, algorithms and madness
of crowd stops.
Stuff goes down then down more as the machines hit instructions to sell. Stuff then
goes up and then up more as the opposite happens.
If you can ignore all this nuttiness you'll find in the end, if you're in a good one
it's a matter of patience waiting either for a bid or for the right price to eventually
emerge.
The market right now is determined to be a casino and take your chips - best to get out quick if you're in volatile stocks without letting stops being hit first.
I've bought some Avesco (LON:AVS) yesterday.
It provides services to the corporate presentation, entertainment and broadcast markets.
It has some very lucrative contracts including sports events. It has
had an amazing few months and leapt into a very good profit from a loss
and looks like a company on a roll.
Despite recent rises it still looks very cheap indeed. Even better is that the next report should be good as they've said current trading continues ahead of expectations.
The fly in the ointment is net debt is on the high side however it is well covered
by its net assets so it isn't going bust. All in all it looks like it's about to get another
re-rating. Currently it's in a trading range of 200 ish to 230 ish - a break up through
230 would be a very bullish sign. Directors have been buying recently.
As usual at seminars one or two shares come up I'd never have found lazing around at
home...
Diploma (LON:DPLM) came up as a potential recovery play and I snapped some of
them up the day after the seminar.
Tough industrial markets have hit this stock but it looks overdone and I'm looking
for a rise back up to 720-750 ish.
Directors certainly agree and interesting that they have been snapping up shares. Interestingly
for me this is more of a shorter-term play for me and I'd expect to be out quite soon.
I also liked the look of Gama Comms (LON:GAMA) - another one that came up late on
at the seminar and which I bought the day after.
Gama is all about internet connections for businesses. What I like especially
are the recent bullish statements coming from the company.
I am also keen on the very nice cash pile it has to perhaps acquire other companies,
any statement to this effect could give it a sudden nice re-rating upwards..
**Next Seminar Nov 2nd for beginners and improvers, email me at robbiethetrader@aol.com
for full details with "Nov seminar interested" in the subject line.
There is a decent early bird discount.
I like the look of Next Fifteen (LON:NFC) and I've also bought some of this one.
This digital communications outfit, like Gama Comms, keeps producing very bullish
noises - strong revenue growth is coming from their north american businesses.
There's also better margins coming in the UK and Asia. All in all looks like a lovely one.
I took up my rights for new ETO (LON:ETO)shares at 153p. Rights issues are a bit confusing
- you get offered new shares in a company at a way lower price. But the headline
price comes down quite a lot too.
So while it looks like in your account you have a heavy loss you don't really. You
can either sell your rights in the market or buy them. As I took mine, I will have
new shares in ETO at 153p.
Same thing happened recently with Optimal Payments (LON:OPAY) - what tends to happen is
the share price is depressed for a while but as long as it's a decent company it soon
goes back up.
With Optimal when I took up rights it all looked a bit bleak but a few weeks later,
the shares have surged, the same I think will happen with ETO. A bit of patience
and there is tons to be made,
I think buying up Peppa Pig is a good move for ETO. I bet Mummy Pig bought some...
(Daddy Pig obviously is too stupid and would have sold his shares and not realised
he had the rights either. Silly Daddy). (Thanks goodness I don't have to watch it
anymore). With the price depressed, there is a chance I think of bid action too.
Why not have a go at a lower price if you're a big media or TV company looking
for assets like this on the cheap?
I bought back into Poundland (LON:PLND) on the dip as I mentioned I was looking to do
- looks good value under 3 quid. This morning I bought a few more Energy Assets
(EAS) on a strange dip - I put a direct market order in at 475.25 and got them,
thus no spread for me, effectively getting them at the sell price. I couldn't see
any reason for the drop so assume a fat finger trade or a messy seller
in a not so liquid market.
I top sliced a little Nah as it's done so well but held onto most of it. So for the site
I took profit on one of the positions making it a profit of £748.
The Dominos spreadbet has gone well, and I think the time has come to take profits
on it so I did banking a profit of £1,420. That's total profits for the site of £2,168
Recent buys are going pretty well. Powerflute has gone up nicely and should
get up and over 100p at some point soon though will probably take some pushing.
Regenersis (LON:RGS) trade has worked a treat and already up very nicely indeed.
The same for Alumasc (LON:ALU) which continues with its rerating and seems to be settling at
over 200p. Kainos too is on a nice upward curve after a bit of a wobble.
Photo-me (LON:PHTM) is holding nicely in the mid 150s after a little riseand P2P2
has been rising gently. Iomart has released a tremendous statement which I
thought was very bullish and has pushed the price up nicely this week.
Now us holders are very glad the previous bid never went through.
Any bidder will have to be looking at 350-400.
Renew (LON:WIND) has done well now over 300 and holds nicely in choppy markets..
it came up with a good enough statement this week, more than enough to keep e in.
Pets at Home (LON:PET) has made me purr this year personally up more than £20,000
as those of you who came to the seminar saw on the spreadbets!
Optimal Pay has had an excellent few days - seems to have left 300 well behind. The lovely GB Group just keeps on going and been in since 20p.
To see it with another nought on the end is sensational. I still think it will end up
being bid for - but in the meantime sits at highs.
A long-termer Avon continues to put out decent statements and
have made a fortune from it though a shame I sold out of some of it lower down