Wednesday, 17 December 2008

Comparison website

Do you use comparison website to compare car insurance, best saving rate, energy or cheap mortgage rate? If yes then beware of the information you enter on these websites. Some of the small players can use your information to do a credit check even without your consent. Please note that these website are not regulated.

I also use these price comparison website but I tend to stick with market leaders and give fictitious information just to get an idea on the quote. Then I contact the insurance company or bank to get the deal.

Please note the business model these website use is that they get paid by the providers and not by the consumers.

New to investment?

Are you thinking of investing (not saving) and are lost for options, then this is the book for you.


Please note that this book covers mostly UK stock market (FTSE). It starts with very basic of investing in stocks and then goes on to explain pros and cons of more complex investment options. Some of these options are available to only institutions investing big money.

What I liked about this book was the wealth of resources it provides. I would say everyone should read this book as it helps to clear your fundamentals.

Tuesday, 2 December 2008

High volume breakouts

These are high volume breakouts today

RBS - after US broker Merrill Lynch resumed coverage with a “buy” recommendation and a price target of 93p.

Tesco - Third quarter sales better than expected especiallty in the current market conditions

British Airways - Merger talks with Quantas. Remeber they had been merger talks with Spanish carried Iberia in past.

In normal market conditions these shares would have been a good bet. In current market condition I would say "trade with caution".

BA has been on my watch list when it was 108p. I guess it might be too late now.

There will loads of opportunities to make money when market stabilises....

Thursday, 13 November 2008

Value stocks

These are some to the stocks from my watch list which have rallied 10% or more in last one week itself

British Airways
British Telecom
Vodafone
Marks & Spencer

These as still a good buy on some pullback. They are close to 52 weeks low. These are long term buys. I will be accumulation these in my ISA.

One common factor about these stocks is that all 4 companies are carrying out major cost cutting in next year or so.

Tuesday, 4 November 2008

From Morgan stanley

..."Sentiment was boosted by a note from Morgan Stanley strategist Teun Draaisma who opined that “the severe part of the bear market is over, that there is value, but probably no hurry.” Draaisma abandoned his previously bearish stance after four main market indicators - valuation, capitulation, risk, and fundamentals - all came up as "buy" signals. "

Some pullback due...

Markets around the world have rallied for 6 consecutive sessions. Such long rallies dont sustain very long without some pullback. Many beaten down stocks have rallied more than 50%. So expect some pullback and correction.

If you have bought stocks in last 6 days and have made more than 30% profit and have short term goal, it is time to book some profits. Poeple with long term goal must hold and buy more at every pull back.

Market is in confirmed bull rally mode.

Monday, 13 October 2008

Rebound

Stock markets around the world rebound...this was highly expected after the Govt intervention over the weekend. However the weak economy concerns are still there....so you have to trade very cautiously in this uncertain time. Don't get carried away by today's move....such moves fade away very quickly. What was lacking today was volume....

Some high volume stocks on BSE
TCS
SBI
L&T
ICICI
Punjab LLyod
India Bulls real estate

Some high volume stocks on LSE
RIO
AAL
XTA
SSE
SVT
BLT
NXT
UKC
GOO
VED
NG
ANTO
TUI

As you can see, most of the stocks on LSE were energy stocks and defensive (Utilities stocks). No clear leader yet. Looks like this rally will fade away soon. Stocks are just gaping up after recent fall. Wait for good opportunity. There is no clear direction yet.