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Has London Capital Group (LCG) turned the corner?

By on May 13, 2013 in barratt, capital spreads, intertrader, lcg, position trading, pyramiding, stop orders

I ask the question “Has London Capital Group (LCG) turned the corner?” because I have a couple of modest spread bet exploratory positions riding on the hope that it has:

Has London Capital Group (LCG) turned the corner?

Both positions (blue lines) are now in profit, with my common guaranteed stop order (red dashed line) somewhere between the two entry prices… which means that I should now at least break even overall. And if the price continues to go up, I might just be tempted to pyramid my positions like I did with Barratt.

My above chart doesn’t tell the complete story of why I thought this beaten-down stock may be worth a punt, but this “big picture” chart might do so:

London Capital Group

There’s plenty more upside than downside, and the price seemed to have been flatlining (again).
In the unlikely event that you’re wondering what LCG does as a company: their trading platform underpins spread betting brands like Capital Spreads and InterTrader.

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1) Buy the Better Spread Betting Book
2) Sign up with Capital Spreads, IG, ETX Capital, or Spread Co

Disclaimer: this posting is for general education only; it is not trading advice.