An educational forum for investment, trading and charting ideas.
All constructive ideas and thoughts are welcome.
No need to get too serious its only money!
"Avoiding stupidity is easier than seeking brilliance"
Spot on Helvellyn hopefully at some point the same analogy will apply to Brent and WTI all be it not whilst the old boy keeps doubling down and Israel wipe out anyone on the Iranian side you might be able to negotiate with.
have to agree with Revs8
UK stocks have been selling off for an entire month, and have gone wild the past 2 weeks
to give some examples of the sell off:
Fevertree Drinks (LON:FEVR) now sitting at an RSI of...16 lol. Pets at Home (LON:PETS) at 20
i mentioned Funding Circle Holdings (LON:FCH) the other day - 30 RSI after their monster results
even Hunting (LON:HTG) the momentum tank of the last 9 months has given back 10%...now sitting at 38 RSI
Saga (LON:SAGA) the multi-multi bagger of last year at RSI of 41
Goodwin (LON:GDWN) down 30%-40% today also i notice
Applied Nutrition (LON:APN) who reported today and are growing revenue at 50%(!)...down 11% lol
complete meme market!
I really don't think 99% of people realise yet how dire the situation is for the UK.
We have become too reliant on imports. While our gas usage is dropping, so is how much gas we produce. In a few years time we will be relying on imports even more and where will we get it from? Russia? Nope. Gulf? Even if the straits open up today, there will be no gas to export for at least 2-3 years. The irony is, by stopping our own production in the North sea to become more green, we are actually increasing CO2 emissions world wide, while making our energy costs one of the most expensive in the world, then making it harder for UK companies. So we end up importing more of everything. And that in itself creates more CO2, albeit, not in the UK but across the world. It's ok to use more biomass, but only if it is produced in this country, but it's imported too and that creates more CO2 and expense.
Then we have the prospect of deglobulisation, where countries are starting to restrict exporting.
We are in a proxy war with Russia and our defence is inadequate. Oh people go on about how bad the regime in Russia and Iran are, but Iran has not started a war in over 200 years. Our agreement with Russia after the cold war, was to not expand NATO towards Russia and not to put any military bases any nearer to Russia. Guess what, we broke those agreements.
Things are going to get tough in the UK in the coming years, and we are simply unprepared for any of it.
Think the obliteration of Iran's power stations has been put back a week (maybe) bonkers isn't it.
I dare not say that Anpario (LON:ANP) might find some support hereabouts. Volume in the wider panic on Monday. Earnings release coming up on Monday. Broker EPS upgrades through the last 12 months. StockReport in general decline. Second half TU in Jan was AOE. Health warning: Anpario is listed on AIM.
Morning Revs,
If you have access, John Authers (Bloomberg)Points of Return morning email gives his opinion on the reasons Gold has fallen since the Iran situation started. Worth a read as always.
The macro situation in the Middle east seems to have to improved slightly, but this could reverse at any time obviously. Because of the recent sell off charts are not giving easy to determine direction. The following are just some ideas I have been nibbling at over the last 2 days. Relatively small positions just in case. The criteria is companies that have had very positive or 'ahead of ' RNS's recently but have still been sold off.
ASA International (LON:ASAI)
Elixirr International (LON:ELIX)
Quartix Technologies (LON:QTX) I got lucky with this one buying yesterday afternoon .
Tribal (LON:TRB)
I have an idea that oil and uranium stocks are running against each pother at the moment.
I was a little puzzled why Uranium stocks were doing badly when energy was a growing concern. It appears that money has been flowing towards oil stocks and away from uranium miners. I've noticed that as oil prices ease there are more bids for uranium stocks and hence Geiger Counter (LON:GCL) and Yellow Cake (LON:YCA) have done well this week. I hold both.
You could say that oil is the short term energy play whilst uranium is for a longer term.
Good to see some bounces today. Finding out which stocks to hold and which to ditch.
If the US market could escape the current Bad Regime (weak index) then I would be looking to buy Ciena (NYQ:CIEN). The fact that it has made recent gains in spite of the market makes me wonder what it would do in a bullish market place. It passes my QM Growth Blueprint screen
Here's a view with the Bad Regime overlaid on the chart as well as the Ichimoku data. It's taken off after an earnings beat in early March. KJust the type of stock I like
Yellow Cake (LON:YCA) is on my watchlist, bounced off 78 fib, 200ma and a trendline 3 days ago.
Welcome Phil and thanks for posting,
Re Ciena (NYQ:CIEN) I think what you're saying is bad regime = buy ban, therefore not buying in a bad regime is an insurance policy against the share price tanking in market turbulence, the insurance premium being the loss of any upside in the meantime while you wait it out?
Ciena has a 72 (albeit rising) StockRank. Your QM Growth is QM and Q led but do you have any pause for thought if the StockRank is lower than 80 or do you just consider it a factor of high QM stocks often being low or very low on V?
TEIN
Hi Andrew,
Yeah we are far from out of the woods with respect to Iran, so I'll wait for a non-negative index.
I'm not worried about the Stockrank in this approach or the Value Rank. This High Q, High M and High Growth mean the stocks (especially if US based) are expensive from a traditional Value Rank perspective.
HTH
Phil
I think Ceres Power Holdings (LON:CWR) is worth a look. I have held since early Feb as a LT position. Think of early Bloom Energy (NYQ:BE) Good chart & just broken out and a close above 330p would be good. The need for all things energy is obvious & they just announced a new partnership with Centrica (LON:CNA. Decent progress with the others. An IMC presentation starts in a bit for those who want to join
Not much to be positive about at the moment and the S&P looks set to head lower unless there is real positive news from Iran. I'm generally exiting some of my stocks that have failed to regain key supports. Its hard to sell at a loss, but much better to ditch them and keep the stocks that have been more resilient. They are the ones that are being held despite the turmoil. At this point in time risk management is important.
I missed out on the New Year bounce in Kromek (LON:KMK) but have looked at what it does and really like the technology. I have detailed knowledge of gamma ray spectrometers and Kromek (LON:KMK) appear to have a technology moat. Their technology can be deployed in gamma scanners for security and for medical applications.
The chart is in a Wyckoff trading range. The usual question is - "Is it accumulation or distribution?" At present my inclination is the former, so I have seen the recent price weakness as a chance to acquire a position.
The price has regained the range. We may next see a retest of the support. Most encouraging to me is the falling volume. This is sometimes an indicator of supply drying up and therefore accumulation rather than distribution.
The indicators are all showing signs of turning up.
Although we may stay in this range for some time, looking at the last time Kromek (LON:KMK) traded in the same range.
If there is a break higher then my price target would be in the region of 15p.
