Stock Picks | Naked Trader Stock Picks And Moves | Ericb | Page 1

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16th Apr '13 by ericb

48 comments 29876 reads

This is a thread to follow analyse and discuss Naked Trader stock picks. He has certainly proved his worth as a top stock picker and shrewd mover, and has rightly accumulated a popular following.

I would like the discussion to enable participants to learn from his picks and help to find other stocks which would appear to have similar potential to be safe long term growth material or good position moves for market situations.

The website where he posts his trading diary is www.nakedtrader.co.uk - Lets go !

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About the Author

Ericb

Premium Member

48 comments

ericb

16th Apr '13

So latest picks are esure (LON:ESUR) Hellermanntyton (LON:HTY) Greencore (LON:GNC) and a quick short in Ashtead (LON:AHT)

Esure is a recent IPO, one of his favourite strategies is to snap up IPO's at listing. THis one hasnt done so well but its only early days yet.

Hellermann- another classic NT pick, a boring cable company, he reckons boring companies which churn out necessities are good stocks - assuming they are run properly and are making profit etc. This one has been around for years and is a real steady co.

Greencore - this was another classic, it listed onto LSE from Irish markets not long ago, and the price dropped dramatically in the height of the horsemeat crisis when a very small amount of its product was found to contain horse. That was a buying opportunity and he just bought another lot as he reckoned it was showing strength breaking over £1. it could do with getting past the previous high too really.

Ashtead hasnt really dropped much - its a popular stock in the rental equipment game but the chart certainly looks like it might be a bit toppy.

SevenPillars

16th Apr '13

I occasionally write a little about his selections and strategies on my own blog. He's done exceptionally well over the years, so well that he is talking of selling many of his holdings and taking this summer off, no doubt he may want to spend some time enjoying his new house. I bet he doesn't sell Telecoms Plus though.

One thing on Greencore, he did go into his reasons behind buying it a little more deeply in an article in Spreadbet magazine which is worth a read. Fact is, he was catching a falling knife, apparently had tight stops, but it could have backfired because even though the company looks reasonably sound on fundamentals a big bad news story can often hit companies hard as shareholders in Cupid know. I would say that Greencore is a better company than Cupid, but I think you know what I mean about falling knives.

ericb

16th Apr '13

Yes thats right - and since catching the fall in the low 80's and seeing it rebase, hes bought more as it went over 100p. But his attitude to sudden share price drops in good companies, especially based on news events, are that they are a buying opportunity.
Where there have been continued falls his strategy is to have had a tight stop so you can get out and try again further down. Its ok to catch a falling knife as long as you let go if it cuts through your fingers and keeps going. Then you can take another swipe at later as it bounces off the kitchen floor.

Edward Croft

16th Apr '13

Ericb - it's worth having a look at our Naked Trader-esque screen. While Robbie Burns doesn't believe in pure quant approaches we've nonetheless attempted to model some of the more quantitative aspects from his book. The performance of the screen has been remarkably smooth over the last couple of years - http://www.stockopedia.com/screens/naked-trader-esque-screen-164/

ericb

16th Apr '13

Thats useful Ed. I use some of his criteria on Sharescope for basic analysis. But theres also a data mining script for it there too, similar to yours on your NT-esque screen page. Trouble is they tend to be a bit behind as he will react quickly to the latest company reports, and the screeners are often a bit late to the party i think.

schober

16th Apr '13

AHT toppy? ...................... looks hugely overpriced compared to URI, imho

http://uk.finance.yahoo.com/q/ae?s=URI
http://uk.finance.yahoo.com/q/ae?s=aht.l

oh, and not exposed to the uk nor the £

Paul Scott

16th Apr '13

Hi,
Really good idea setting up a thread to look at his stock picks.
I read his Blog the other day, and have recently downloaded his book onto my iPad, as he seems an interesting and bright chap. A lot of his stock picks seem to have been jumping on speculative moves in resources stocks though, although I could also see some excellent GARP picks too.

So I shall certainly follow this thread with interest & am happy to run my slide rule over any non-resource picks he comes up with. I think he's in Vislink (LON:VLK), which is one of my current favourites too.

regards, Paul.

ericb

16th Apr '13

His resource stocks do tend to be speculative but he does say they are punts and a bit of fun for him, but as long as he doesnt over invest and sticks to stop losses he ok with it.
As you say its the other stuff thats more interesting.

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