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THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
This should be a fairly quick WheelieBlog with an emphasis on the Technical Timing Indicators really. Twitter Followers and Readers of the ‘Changes List’ on my Homepage may have noticed that I bought more AstraZeneca AZN via a Long Spreadbet at 4415.9p on Tuesday 26th May 2015 early in the morning. I already hold these in my Income Portfolio (please see my ‘Trades / Portfolios’ Page of this Website for more details on the other Holdings) and I decided on Monday Night to add to this Position after quite a drop in recent Trading Sessions.
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If you follow me on the Tweetster and / or have read my Blog about Stoplosses - www.wheeliedealer.weebly.com/blog/to-stoploss-or-not-to-stoploss-that-is-the-question - and seen some of my other comments in Blogs, you will realise that I have a major Mental Internal Battle with regard to Stoplosses. In essence, I can see their appeal as Logic tells me they can avoid Big Losses, and probably the Best Investor / Trader I know, Robbie Burns (www.nakedtrader.co.uk) uses them religiously. However, when I try to use them, I just end up taking lots of silly small losses and days of Quality Research is binned because I am out of a Great Stock………and you can guarantee that just after Stopping me out, the Share Price rockets up and I would have made a packet !!
…..and to compound my Frustration and Mental Anguish, the Stock I moved the Cash into no doubt goes down !!
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Back on Thursday 14th May 2015 I added to my existing Holding in Quintain Estates (Epic Code QED) because it still looks good value and is due to produce Final Results on Friday 22nd May. I expect the Shares could rise in the days running up to the Announcement (this often happens) and it is worth noting that the Share Price appears to have Broken Out of a Sideways Range as I will explore in the Technicals bit. All the ScreenShots where taken at the Close of Play on Wednesday 13th May 2015 - so these are the Charts I was looking at when I made my Buy Decision that night. As regular readers will know, I try to make all my Buy and Sell Decisions outside of Market Trading hours as it removes a large element of Intraday Emotion.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
This morning I sold about 2/3 of my RCDO position (held via Spreadbets only) and this is a very quick summary of why I made this decision last night after the markets had closed. I think RCDO is a World-Class business and of the utmost quality - however, it has just run up quite a bit and I am nervous on the Markets in general and happy to bank some profits and reduce Risk. As I only hold this as a Leveraged Position, I am running a Higher Risk on it than if I had normal Shares.
THIS BLOG IS ESPECIALLY IMPORTANT FOR YOUNGER READERS
I fancy working on an easy Blog after a few recent ones on Stocks where I have had to use my Brain - I am in full Summer Mode now and there are plenty of more interesting things going on than the Stockmarket and all its accoutrements. A while back someone asked me to do a Blog on how much Money you might need to give up Work. I have been thinking about how to write this one and got distracted quite a bit, but I reckon I have the shape in my mind now. However, in order to write that Blog, I need to write this one first - i.e, I am still ducking the Request !! |
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