Feel free to post any charts, trade ideas or market related comment.
No need to get too serious its only money!
"Avoiding stupidity is easier than seeking brilliance"
Gaming Realms (LON:GMR) I'm hoping it can at least hold up here for a bit to firm into a more stable base - wondering if the buy backs have been helping with this most recent push so fingers crossed
Costain (LON:COST) That is an interesting chart and they've had a few modest upgrades, would be nice to see some volume now but yes...maybe a good spot, cheers.
Gaming Realms (LON:GMR) FWIW I wouldnt buy until it broke above 42p, it has found this as considerable resistance for the last 12 months, having said that it has looked steadily stronger since it released FY24 numbers, no scheduled news now until a July TU so if it does move above 42 it will be purely down to supply/demand. It is easier to analyse a stock when you dont hold as there is no emotion involved. I would be a buyer over 42.
Marks and Spencer (LON:MKS) the Marks's chart looks very buyable, SP at a near 10year high, a recent double bottom, lots of momentum, MA's heading upwards . BUT I wouldnt be a buyer ATM, my local Foodhall basically had no stock yesterday, their POS stuff is obviously out, this must be costing them a fortune, at this high share price it is more a short than a long.
EDIT - I imagine that M&S will have insurance in place to cover the cyber attack, however no retailer wants their customers to go to a competitor just in case they find something they like, price-product-customer service, and most Marks's customer, especially food, will have to find an alternative for something and as Waitrose is trying to claw back the customers it has lost to M&S the situation is far from ideal.
Nightmare scenario for every big business Helvellyn, and a potential momentum stopper. The Marks and Spencer (LON:MKS) SP has held up quite well considering, but the question is to what extent trade is being damaged both now and in the immediate future, and to what extent customer and investor confidence eroded. Personally I still have alarm bells ringing for retail in general around the impact of the last budget, and other headwinds like equal pay, and in M&S's case they now have the cyber attack compounding matters. In the immediate term the company needs to overcome the problem and then surely has to provide an update to the market and make clear the cost to overcome, and sales and profit impact.
Speaking to my neighbour who works at one of the Marks and Spencer (LON:MKS) stores, they are giving away loads of the food to the staff and she is shocked at how badly the company is being affected by this online attack. She thinks the company will be loosing millions. I'm sure they will have some sort of insurance, but it never really covers the full loss.
Lots to like about this one, less of a technical analysis trade but its popped up on one of my screens.
Foresight group (LON:FSG) an infrastructure and private equity investment manager
Struggling to find whats wrong with this but happy to make a small allocation, stop loss in probably at -10% around 333p - any thoughts on this? The only discussion I can find looks to be a mistaken trade by gmtrader!
Costain (LON:COST) just came up on my visual search for breakout chart possibilities.
It flirted with closing over 112 on March 11th when it released its FY24 numbers, intraday it spent some time at 113-114 but closed at 111.5. The next news will be an AGM TU on May 15th. If the market is still fairly positive by then and it breaks 112 I would be interested.
Creightons (LON:CRL) A spike up in Creightons sp today on 2x normal volume. The shares have just been admitted to the AIM market ( March iirc) so maybe some tracker fund is buying a stake.
Inspecs (LON:SPEC) 2 x 2.7 million share trades printed today. The sp had bounced 25% from it's low in early '25 but then got sold off over the worries about Vietnam (where it has it's new factory) being highly tariffed. The stock hasnt recovered any of the drop yet. I am watching and waiting ;-) .
I thought Trump sounded as unsure as I have ever heard him yesterday when trying to justify his tariff policy, maybe he will capitulate?
Bear market bounce or not?
Some pretty bullish moves in UK indices/stocks this week have encouraged me to cautiously start adding to existing positions. I am hoping we get a UK base rate cut next week that should help the mood. Added to Fonix (LON:FNX) International Personal Finance (LON:IPF) ME International (LON:MEGP) CMC Markets (LON:CMCX) Smiths News (LON:SNWS) and new positions in Creightons (LON:CRL) and Frp Advisory (LON:FRP) .
GLA
B&M European Value Retail SA (LON:BME) edging up nicely, almost closed the gap down and now above 150MA
I'm glad you decided to stay on Stocko, Helvellyn. I'm enjoying reading your comments and musings. That's two of my longer-term holds you have bought into now - Made Tech (LON:MTEC) and Creightons (LON:CRL). I was intrigued that Creightons moved to AIM from the main market, when most companies are considering doing it the other way round. It makes sense from a financial perspective but leads to extremely high spreads and is not a highly-regarded market, to put it mildly. The CFO has now been made a board director and I get the sense that their board and management team is becoming quite solid. Their financial year has finished and I am looking forward to seeing how they have done. The beauty industry seemed to have been struggling but Warpaint London (LON:W7L) results showed a useful expansion of their European operations. I have occasionally wondered whether there might be some synergies there but I guess Creightons, as a UK manufacturer, is too expensive for them.
Thank you for that Roger, as a few people find, for me it concentrates my mind and strategy when I put it into words. Creightons (LON:CRL) more volume today, there is no scheduled news until July, so I think we can maybe assume that it is buying by some AIM focused ETF/Fund that is pushing the price higher. Hopefully they are not affected too much by the M&S situation. Stock wise M&S seem to be really struggling with fresh/date sensitive produce and not so much other goods.
