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"
Meanwhile Thor Explorations (LON:THX) falling for no apparent reason....
About the Author
Wolf Of Small Street
2465 comments
Helvellyn
Good morning Mr.Onions,
I can report a similar stance here, most of my gap up/breakout/momentum trades have been sold as I am reluctant to hold anything over results which has, in the main, proved to be the right call. Very few positions left, which i am happy with, especially as I have had some well deserved time off and didnt want to be market watching during a break.
Re Rank (LON:RNK) I am also watching but am minded to wait until the November budget to see if there are any changes to the gaming taxes.
There is still money to be made in UK small caps but you have to be nimble and prepared to take a profit when you can.
GLA
rmillaree
Looking at where we are now - i think there is going to be a lot of uncertainty until the budget - unless interest rates on government debt coem down we are not in a good place.
Note it might be no bad thing if the government realise that they have to start living more within our means and reign back increases in what they spend. I suspect if they could convince the markets we are living within our means then interst on debt may come back down - and that might then provide a brucie bonus at some later date.
Being frank its just sad that we are where we are where we have borrowed now to live beyond our means.
Perhaps we can cobble together a solution that works - or perhaps inflation issues will go away and interst on debt will come down.
The only thing i will give RR credit for is that they did say at te outset we would be sutainable by end of parliament by not increasing debt in real terms - its easy to say when you go into bat i am going to score a century today - not so easy to deliver.
Ref near term company updates - its almost licence for any company to reduce forecasts and blame the economy for their woes rather than themselves.
Lefty99
I have held NWF (LON:NWF) for a few months, but pretty much treading water. I also don't hold many at the moment. TP Icap (LON:TCAP) largest holding, Journeo (LON:JNEO) cant seem to put a foot wrong at the moment, SDI (LON:SDI) , Ramsdens Holdings (LON:RFX) , and Personal group (LON:PGH) my normal type of holding's with reasonable dividends. Apologies not clever enough to put charts on here.
Douglas1971
Journeo (LON:JNEO) and Ramsdens Holdings (LON:RFX) Just taken small positions in both. May be late to the party but particularly with Journeo cannot see a reason not to buy. Crazy thing is I bought sometime ago at an SP of around £2.50 but something must have scared me off. Oh well that’s trading and investing!
The Phoenix
Totally agree the issue though is it seems they can't even get tiny benefit cuts through as they tried to do earlier in the year, plus its estimated that a 1,000 a day are being added to the Pip scheme and most of the interviews are done over the telephone so the system is open to abuse.
If you assume they all get the minimum pip payment which is roughly £4k tax free per annum x 365,000 on top of all the other existing benefits its eye watering numbers lord knows how much longer it can all go on for.
The flip side is I thought it would all collapse with the massive debts western goverments have over a decade ago but the powers that be seem to have a great left foot for can kicking.
The latest kick being borrowing mostly at the short end of the curve where there still seems to be plenty of demand.
rmillaree
its all very sad - all they really need to do is start spending only what we bring in in taxes and then the debt issue would fade away withn inflation. once we are on track we could probbaly get back to borrowing at uber low rates.
i think even with RR's best intentions at end of parliament it will only be that debt will not be growing in real terms - thats not at all tackling the probel if its still going up by inflation and we will still have sketchy times when interest rates may be high. Thats ignoring any "pre election" splurge to bribe people to vote.
We would be much better off employing 10 dinner ladies from schools and task them with controlling spending only what we bring in unless there is specific need - at least they know how to manage in the real world ref only spending what you have and making it go as farb as you can.
crazy that we havent really had a proper recession since 2008 if you ignore covid which was freakish as many wer awash with cash and not many places to spend it - so god knows how we will manage in a real recession. times have actually been very benign the last 17 years if you ignore covid.
dont get me started on pip :(
Revs8
30% cash.
Shield Therapeutics (LON:STX) is my largest (which is mad for such a small high risk stock but its 3 bagged so far). Sold some but them bought them back when the SP dipped.
Overweight TP Icap (LON:TCAP) waiting for Parameter IPO RNS.
Brickability (LON:BRCK) is the only losing stock I haven't cut at the moment.
2 punts on Power Metal Resources (LON:POW) and Devolver Digital (LON:DEVO). I've mentioned previously.
Also a small position on Advanced Medical Solutions (LON:AMS) looking for the integration of Peters Surgical and Syntacoll plus the restructuring of Woundcare to deliver growth. Interim update on 17th Sept. 20, 50 and 100dMa all supporting the SP which is how I first found it. Looks interesting to me but might not set the world on fire.
Burnt Onions
A little bit riskier than normal but i've shorted International Workplace (LON:IWG), looks like it's formed a pennant at the end of a big drop last month, caveat emptor etc but it could be a good one....
Helvellyn
RJS89,
I dont think there is such info available on Stockopedia, however I have used this site in the past. I cant vouch for it's accuracy though.
Revs8
Having done further research into ECO Animal Health (LON:EAH) (thanks to LeicesterPete for bringing to my attention. I decided to take out a position. I possibly left it a day too late as I managed to get a full position in my ISA at 74p but my larger SIPP orders were not filled. I've had to go piecemeal picking up scraps and placing limit orders with my broker (which were partially filled). Just thought I'd point out that there is limited liquidity in ECO Animal Health (LON:EAH) at these prices which may lead to a rising SP until sellers enter the market.
The clincher for me is the pending launch of ECOVAXXIN® later this year. It may take a while to establish but the company has high hopes and it may give the SP a lift.
Interesting gap overhead. Indicators all trending the right way. Just reaching overbought teritory so SP may take a breather here.
Burnt Onions
ECO Animal Health (LON:EAH) This also appeared on my Weinstein screener, high stock rankings, a big new product in the pipeline, might be another big winner......
RJS89
thanks Helvellyn
will keep it book-marked!
on a brief glance, the largest shorted appear to be correct...
Snooze you lose
Diageo (LON:DGE) and Billington Holdings (LON:BILN)
Not for a faint hearted, but both are on my watchlist for both technical and fundamental reasons.
Any else holding or considering a position?
