The summer market continues to be quite volatile though when all is said and done it isn't really going up or down overall!
The ftse seems stuck between 7500 ish and 7800ish. When I return in September it wouldn't surprise me if it was either 7000 or 8000!
Summer markets are notoriously difficult. I've got other things to do so I will try and stay off either buying or selling for most of it if I can.
Problems arise because with so many away liquidity dries up which means small bits of selling or buying can drive a price up or down by silly amounts.
This especially happens with the smaller ones. Make sure you are comfortable with this and decide what you want to hang onto and what looks dodgy.
If you have a great share and it suddenly goes down a lot it might well rebound. There may be nothing to it bar a distressed seller.
Clear anything out that makes you frown, keep the rest. Good luck!
I've taken a massive hit of £187,000 this week from the isas and spreadbets.. that's what I've sent to my son's new school to cover the next 5 years as mentioned above.
It was a bit painful to have to withdraw so much from the accounts. I quietly cried when making the online withdrawals. Amazing how quick they send you the loot. Anyway glad about it too, and I'm able to give him a great education.
A lot of trades/ trade ideas have come up recently because of the two seminars I ran, the beginners and improvers and the returners.
Those of you who came to the follow up did amazing homework and came up with some incredible trade ideas, some for now, some for the future. I hope some of you can come again to the next follow up on Oct 5th!
I can't possibly cover them all here, but will do a few here on the site and one or two extra on the email sub list.
Cakebox (LON:CBOX) we discussed for some time at the seminar. This is a new issue recently floated.
It's a company that produces cakes (obvs!) but these are apparently tasty cakes for those with dietary problems so no eggs involved.
The number of shops is increasing rapidly and I wonder whether at some point not too far away the company will be bought up by a bigger group (Pattiserie Valerie or some such?)
I kind of expected it to come to the market very highly priced but actually the sellers weren't greedy and I thought it was priced reasonably.
So I helped myself to a couple of slices of shares. (Every one a winner!)
I was tempted to top-slice (Gettit?) after the Mail on Sunday tipped it but decided to hold on rather than take a few crumbs of profit.
Recruiter Robert Walters (LON:RWA) was the winner of the top prize of trade idea at the follow up seminar. Well played Ava!
I thought it a good choice as a medium-term investment. It's a tad risky as it is due to report on July 10th. Even if the report is good (I think it should be) shares often fall on even good results day as people take profits (better
to travel than arrive thing).
But I'll take the risk as its consistent profit and dividend increases should continue.
Brexit is not the worry it might be as it has such a wide client base and 78pc of revenue is generated outside the UK. There is a decent growth here.
I can't think of a reason why this shouldn't carry on although the share is volatile it seems to move up gently over time.
It also has a very decent cash pile of £34m. So there is a lot to like here, just the negative of a wide spread. However live at the seminar I managed to get the sell price on dma. If it falls on results day I'll pick some up 1-3 days after on weakness.
Reminder next beginners/improvers seminar is on Sept 24th mail me at robbiethetrader@aol.com for details. Big first ten discount on offer.
I like the cinema sector - I've made quite a bit from posh chain Everyman Cinema and now I have bought some of the much bigger chain, Cineworld (LON:CINE).
Much bigger actually it's worth around 3.5 bill ! An acquisition means profits are expected to be way higher next time round so the net debt is ok compared.
People continue to spend on experiences not things and a lot of its revenue comes from outside the UK.
It should, I hope gradually continue to rise and so the idea is a long-term isa tuckaway.
Please note I avoided all potential cinema puns. I hope you feel grateful.
Xpediator (LON:XPD) is a share that still looks cheap despite rises and this one was brought up at the follow up.
If forecasts are right this one is going to go well. It also has some decent net cash.
It helps to enable consumers to make online purchases.
There is great growth potential here and the sky's the limit. I'll probably carry on averaging up if it goes higher.
I surprised myself by averaging up again in AB Dynamics (LON:ABDP). But this car testing outfit is going from strength so strength and could carry on going a lot higher.
Keeping stops well away as it can move 60 points quickly as market makers try and push people out.
I've shorted IG Group which might seem a bit mean as I use them and think they are pretty good! But I am running a trading business and so I have to be unemotional!
But the price is back to where it was before the authorities clamped down on leverage and that seems high enough for the moment.
I can't see a collapse in the shares but can easily see a drop of a quid or so from current levels. I'd expect to be out of the short sometime over the summer.
I added some more NWF after a mysterious fall. I can't see any reason, and I suspect some small investors just got stops hit. Unless the co is fibbing in its very positive last trading statement, the current price is a steal.
I don't normally buy shares that have really collapsed and I don't like property related companies (find them hard to value) but I broke those rules to buy Countrywide (CWD)
Looks to me as though the sell off is way overdone.
Of course the housing market has tanked and so this sector of the market has problems. But it is one of the bigger ones and should survive to fight another day.
Obviously if it began to fall further then maybe it is in trouble but there is enough institutional support to keep it afloat. So I've bought a few but will exit if there is any further trouble.
I've taken odds and sods of profits a bit of topslicing but only small for moment. I sold all of Redd though for a small profit as the shares seem stuck in a rut.
The portfolio has been brilliant with a lot of things at highs.
But maybe that's a warning to take some care. I'll probably do some more topslicing soon. And any buys will be made with care. the summer. Remember how volatile it can get so make sure you have an escape plan and consider a bit of shorting if needs be.