Posted by LP12 {ver1.2} on 22/October/2009 at 01:06:
In Reply to: Yep, you obviously know little about indivdual stocks - Cape is an Oil Sevice Co posted by Cockneyrebel on 21/October/2009 at 20:13:
buy shares anymore. Not since i list my money on redstone, and monticello. It was a happy quip re the bananas, what do i care about knowing about one of your oil stocks. Not a fig, and i don't need to.
Don't you keep up? I am not a share trader.
Yes i missed the bounce because unlike you i am not an expert investor. I am a free spirt and independent thinker, and as such am prone to getting done over by stock markets which are run by clever cretins.
Now, this bounce, i wasn't in it because i had exhausted my fund on the drop after an expensive summer. In october when the dow fell to 7800 i lost 7k that week, and that was it. I could no longer suppormyself and four others like i had since the middle of 06 with no other income than earnt from trading any longer (no benefits at all in france). I had to get a job, and luckly i found one.
So in march, when i looked at the market one day and thought, that's a bottom if i ever saw one, i wasn't in a position to do anything about it. Glad to hear you were.
Did you hold all the way down, or sell in July 08 by the way?
If i had bought then, i can assure you i would now be taking some profit. If i had stock in shares like you i would be thinking differently maybe. Look at each on its merit, and then sell the lot.
You're an active trader arent you? What has not buying at the bottom got to do with not selling at the top??????
I was not talking to you specifically when i wrote volume 19.
Next time, when i write volume 20 i will subtitle it: for the attention of cockney rebel.
Don't try and hold the market tide like moses, it'll run over you.
: that aside it really sounds like you missed the bounce and now you're trying to convince yourself that it's all going bad at some point soon.
: How much have you missed? The biggest rally in 100 years. I dare say if you'd been bold enough to buy heavy last March you'd now be taking a different view.
: All those little co's that are doing better than expected add up to indicies doing better. I used individual stocks to illustrate that - there's loads that have been raising guidance.
: Co's have slashed costs and any sales increase will go much more to the bottom line. Case in point - YULC - they will do near record earnings this year yeat the shareprice fell from 250p to 40p. Again if they do 23p eps this year why were they only 40p in April unless the market had oversold in a big way?
: There are loads of stocks on single digit PE's, many on PE's of 6-7. While those ratins are about and while forecasts are rising then the market isn't getting cheaper here if it stands still and if it falls the PE's get much much lower.
: It's not going to happen imo, not while confidence is increasing.
: Pimco, the US's biggest bond fundf managers now want to trade equities - even they can see cash is going to move from bonds to equities.
: CR
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