After falling off a cliff in January of last year, the Tesco share price traded sideways in a range from (about) 305p-per-share to (about) 345p-per-share throughout most of 2012. I told you before how I had managed to buy long towards the bottom of this range at 309p-per-share on 5 October 2012, and how I […]
Archive | trade of the week
Trade of The Week on Centamin
By Tony on December 17, 2012 in centamin, etx capital, ig, position trading, stop orders, trade of the week
Choosing the example for this week’s “Trade of The Week” feature wasn’t easy. Not because there were no good ones to choose from, but because there were too many to choose from. I’ve chosen Centamin, not only because it’s been an “exciting” (read “volatile”) stock of late, but because it provides me a chance to […]
Trade of The Week: Two-Bagging Thomas Cook
Do you remember that a couple of months ago I talked about the “flatliners” — those stocks that have fallen a long way over a long period of time and whose price is just bumping along the bottom now that all the sellers have sold and no-one (for the moment) wants to buy? One such […]
Trade of The Week: Tesco
By Tony on December 5, 2012 in capital spreads, ig, intertrader, position trading, stop orders, trade of the week
What was the most important news story today (5 December)? Was it something in George Osborne’s autumn statement? No, it was the news that Tesco is thinking about pulling the plug on its loss-making Fresh & Easy chain in the USA. This was good news because it caused the Tesco share price to “gap up” […]
Trade of The Week: Skyepharma
You may remember that previously I had a couple of nice trades in Skyepharma documented here Having last stopped out of this stock at 95p-per-share, I noticed that today (22 Nov 2012) I could re-enter at about 70p-per-share; a discount of about 25%. I knew this because the “Stop-Out List” explained in my Position Trading […]
Pyramided Trade of the Week: on Bowleven
By Tony on November 6, 2012 in boeleven, motley fool, position trading, pyramiding, spreadbet magazine, stop orders, trade of the week
I was first alerted to Bowleven as one of the “conviction buys” listed over at Spread Betting Magazine. I got in at a similar price, too, at 60p-per-share. With both Spread betting Magazine and The Motley Fool today reporting a tie-up between Blowleven and Petrofac, and with the share price gapping up as a result and […]
Trade of The Week: Centamin Sentiment
By Tony on October 30, 2012 in capital spreads, ig, intertrader, spread co, spreadex, trade of the week
Not so long ago I edited a book (not this one) for a guy who postulated that one sure way to make money in the markets is to bet against the recommendations of a particular investment bank; not straight away, but a few weeks later. It is in this context that I re-read this article, […]
Trade of The Week: Has Lonmin Bottomed Out?
If like me you’ve been trying to catch the Lonmin falling knife, you might be just about ready to throw in the towel. But you might be doing so at exactly the wrong time, just as the price has bottomed-out. I’m not in the prediction business — especially about the future — but I think […]
Trade of The Week: Sometimes It Pays to Average Down!
Most seasoned spread bettors and other traders will tell you that it is usually a bad idea to “average down” by adding more funds to a losing position, despite the obvious temptation to lower your overall purchase cost and therefore to break-even much sooner. I said as much in my Position Trading book. Then I […]
Bonus "Trade of The Week" on Petropavlovsk
By Tony on September 21, 2012 in capital spreads, etx capital, ig, ig index, petropavlovsk, position trading, stop orders, trade of the week
Since nobody likes to see a losing trade (whatever you argue to the contrary) I have supplemented this week’s original “trade of the week” with this one featuring gold miner Petropavlovsk. Here’s what the result of the opened-and-closed trade looked like with IG Index… and I must remember to start calling them simply “IG”: It […]