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Remember when shares also went up as well as down.....

Remember when shares also went up as well as down.....

Hey! Remember when shares also went up as well as down?

A decent few days then (even though there is a special placein hell reserved for some people).

At least we hope Brexit might get resolved sooner than later.

Markets just want to know, in, out or compromise. Just do one of them, adjust prices accordingly then move on.

I suspect given my bike accident if I hadn't braved doing the seminar in pain there wouldn't be any trades given I am just sitting around the house feeling sorry for myself and not wanting to do anything.... (you know what us blokes are like).

But we got some interesting ones so here are a few more tentative buys. However I remain in a lot of cash as those of you who came to the seminar saw! In the main isa my cash holding is close to £700,000. Plenty of firepower in case of the worst.

The BOE today slashed its growth forecast for the year blaming Brexit uncertainty which has caused a bit of a sell off.

I bought some Rosenblatt. (LON:RBGP) I lost as few quid on this a while back buying at a totally wrong price.

This one is a legal firm that floated last year. However it kept coming down - looking back on it the entry to the market was just too high for the time.

However, taking a good look at it at the seminar it looks too cheap to ignore and have bought some.

The trading statement was positive, there's a 5.5% dividend. it's got a cash pile for acquisitions.

But could it be a target itself? DWF is coming to market, a massive law firm and refers to a "large consolidation opportunity" in the legal market. RBGP would be peanuts for them.It simply looks under the radar, for me too cheap and I am in! I

One I did make a lot on before is Computacentre (LON:CCC) which came up on the radar at the seminar and bought some live.

I think it's come down way too much and deserves a re-rating.

This provider of IT infrastructure services gave out a confident statement - last year was really good, this year will be hard in comparison but cash balances are above expectations and its purchase of Fusionstorm will aid profits.

The fall from 1600 to a tenner looks overdone. According to an investment bank it has the best total return track record of any UK listed tech company from the past decade.

An entry price is difficult it is a FTSE 250 share so very volatile. And there is risk: some of its markets have softened, but is
that in the price?

Another live buy was IG Design. (LON:IGR) A gift company that had cash but spent a load on buying a big US company. So it now has big debt, but offset by profit forecasts which show likely substantial new profits.

It seems to have a trading range of 515 ish to 610 ish so I am hoping the uptrend is in play again and lookingto exit in the high fives soonish. Hey! High Five!

Redde also came up - this one looks ultra cheap and is gradually on the way up. It is Jeremy Corbyn's favourite share "Redde under the bed".

I think Redde (LON:REDD)should be more highly rated. A fantastic 7pc dividend, low debt, trading on a modest multiple.

I'm going to join Corbyn and tucked some Redde under my bed inside a google chrome laptop.

I averaged up my buy in Kainos (LON:KNOS) as it was rising to good strength. Nice, as a very decent trading statement nothing like seeing "ahead of expectations".

It needs to break up through 450 for 500 next stop. Nice company with decent management.

It has a trading range of 500-610ish so I am looking for a ride up to the 600 area.

And I picked some more XP Power (LON:XPP) as I onlygot quite a small amount last time.

I covered this one in the last update. It seems to be finding a firm bottom at 2000 and appears to be picking up a little head of steam.

It could easily go up 100-200 points quite quickly though it does remain on the riskier side of things.

I shorted some more AO World (LON:AO) (betting on it to go down). We had a good runthrough it at the seminar and it is trading on a massive multiple for what it has achieved.

And even using forecasts which show a decent profit in a couple of years doesn't make it any more expensive so looking for a fall to about a quid.

I've top sliced some Hat. I dithered on it as it looks strong still and there might be more to come. But, it's been a decent rise fairly fast so sold half for a profit of £570. And a little slice on Abd to bank a profit of £1,850.

I've noticed Next Fifteen (LON:NFC) one of my nice long-termers is on the move. This one can get re-rated all of a sudden quite fast and I might put in a sell price order as the spread is big - it could be heading for 600 again.

Right I am off to carry on feeling sorry for myself and my knee.. and given political uncertainty happy for now to keep the big cash pile.

Reminder if you want to spend a day with me the next beginner/improver seminar is March 18th. Large first ten to book discount. Mail me at [email protected] with "mar seminar" in the subject line.

Nakedtrader  was created after I left my full-time job as a finance editor for BskyB to trade full-time. I had been writing an diary page for its teletext service since 1998 and decided as I was leaving to transfer that to the internet.
 
These articles are simply a "diary" of my life, or what you would now call a "blog". I detail what I've bought, sold or shorted and briefly why. I use various spreadbetting companies and stockbrokers to carry out the trades. I ignore commission but also dividends and I reckon the two balance each other up.
 
So you should be aware this is not a "tipping" site and I do not consider myself, nor do I want to be, a "tipster". In other words tipsters will urge you to "buy" something - and they generally are regulated to do so by the FSA. I simply state I have already bought or sold something personally. Because of that I am not "regulated" - so I am not an authorised "tipster". I am simply a trader who states his positions.
 
That is quite a big difference. I am not allowed to give what is called "Individual investment advice". And quite right too - I am not trained to do so. What that also means is if you e-mail me and ask me anything along the lines of "Should I buy or sell this share?" I cannot answer you except to say it is your choice! Of course I am more than happy to answer anything to do with general market/educational questions.
 
You should understand I always have an interest, and sometimes a big interest, in any stock I talk about. For website purposes my buys will often be to smaller stakes than in reality. So although my buys are real enough, as are the prices, I can and often do buy much bigger stakes in the shares. I may also "top up" in shares without declaring it and I will  sometimes deal more often than I mention on the site - mainly because of time pressure, if markets are busy. So though the buys on the site are around the £5,000 mark I may well deal in reality is sizes of £10,000 - £30,000.
 
My reasoning for this is I simply do not want to encourage people to blindly follow me into something when they do not understand the potential risk. It's ok for me because I can afford to lose money I put into the market. It may not be the case for you.  I am generally a medium term investor holding my shares usually between 1 week and on occasions up to 3 years. Average holding time is probably about 3 months.
 
So one of my main messages is: don't be tempted to follow me blindly into my choices. Quite often, as I play momentum, a share I have bought may already be much higher than when I bought it, especially as I do not update every day. If you follow me blindly you may be buying at a much higher price and you may end up selling at a much lower one.
 
You should ALWAYS do your own research and come to your own decisions on share purchases. If you follow me into something and lose money, you only have yourself to blame and not me. You should learn about markets and understand what you are doing before entering them.
 
The most risky way of trading of all is spreadbetting, which I do quite a bit. You should carefully read all the warnings that the spread betting firms issue together with all the warnings in my books. And never, ever, play with money you cannot afford to lose.
 
The aim of this site is to entertain, and perhaps stimulate debate, and that is the condition of entry !I really hope you enjoy reading about my triumphs and mistakes, but please, just watch and enjoy my triumphs and learn from my mistakes. Consider this site as entertainment. If this is your first visit to the Nakedtrader website site, I thank you for visiting me, and hope you will find this site useful. 
 
After reading and agreeing to the disclaimer, click the "I accept" button below. Please remember, I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.
 
"The investments and other products referred to on the Naked Trader website should in no way be considered "advice" to buy or sell anything.  Naked Trader information is given in general terms only and does not constitute personal advice to any individual.  Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money.  Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment
 
 

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