IAmShareCrazy
22 Aug 2017
Re: Short doing well here I think it's actually being quite stubborn. Been a a few weeks only like I have been with Countrywide which seems to be taking off
onedb1
22 Aug 2017
Short doing well here Time to really push towards 75p hereDefence is useless lol. I mean look at that chart. Where are the bullish signs ? Nowhere !!
IAmShareCrazy
02 Aug 2017
Re: 89.5 the fall is at last starting But Countrywide is quite a bit below it's net asset value of £2
IAmShareCrazy
31 Jul 2017
Re: 89.5 the fall is at last starting That all makes sense. Net asset value seems to 50p. Just by looking at charts is like gazing into a crystal ball. I think a turn around in the fundamentals needs to tie in with the charts. Although the charts usually give the first signs...
onedb1
31 Jul 2017
Re: 89.5 the fall is at last starting I have not yet seen the technical insighit but maybe 13p is a bit OTT .A fundamental viewer would point out book value and 13p equivalent is far below I'd be happy with 70-75p with a quick stint at around 60 if one joins the lower trendline projection. From there I'd expect a bounce . I was chatting to the old Lambrini a while back about Foxtons , she seemed to agree 75p and even 60ish using her diagonals system . Time will tell , most important aspect of trading is managing risk and position size . If I get this wrong (currently doing well ) I don't want it to cost me too much
IAmShareCrazy
27 Jul 2017
Re: 89.5 the fall is at last starting Well I don't know how realistic 13p target is long term for this? See technical insight. I will have to give spreadex a call as I usually use them. IG take it automatically if you have a daily position, but quarterly contracts are factored into spread. Spreadex seem slow at executing orders.
onedb1
27 Jul 2017
Re: 89.5 the fall is at last starting i just get the divi taken off my short automatically , my short stays and am still short.Not my best performer as I have been short for quite some time now. But the trade is in the money for now . I don't think Foxtons is in a position of strength , not on the chart and not on fundamentals. Am happy to be wrong . My 2 big shorts this year have been Foxtons and Acacia Mining (this last one has been a bumper short . From nearly 500p to current 154p) Some go well some so so . KAZ minerals was one that went horribly wrong for me, I lost 10p as I was closed out . ( short at 290 aiming for 260 , but then it moved to 300 and nowadays 710p ! ) I lost 10p in real money but over 400p in potential gains ! A massive lesson there to take on the chin and remember . Stubborn traders can make big mistakes lol
MyHobby
27 Jul 2017
Overexpanded, overtraded Foxtons is not seen as niche nor as the go-to estate agents for the middle classes with their £1m+ houses. The Foxtons in Enfield is the wrong end of town (location, location, location) and is eerlie empty. Bad business model
IAmShareCrazy
19 Jul 2017
Re: 89.5 the fall is at last starting Strong volume when the price was below all moving averages. So just a matter of time before a big fall. How do you work this when shorting because they pay a dividend, so when ex dividend you are debited a fair amount. Do you have a rolling contract close before ex dividend and then reopen?
onedb1
26 Jun 2017
89.5 the fall is at last starting In line with my long term view that Foxtons is in troubled waters and given its market headwinds it will go through some tough times IMO . I don't care much for fundamentals and views usually and stick to the chart only. But I'd be insane to not look at fundamentals . When the 2 agree then my conviction rises .
onedb1
23 Mar 2017
Re: Still short at 95p still see 75p At last drifting towards target .Took its time !!
onedb1
18 Mar 2017
Still short at 95p still see 75p But to my dismay the short is not performing well so far Sorry . I am going to stay short though and will review charts tomorrow night That bounce off 93p level was weaker than the previous one and it makes me wonder if the Bulls or those wanting in are getting weaker. Surely with most MAs not pointing up am not enticed to change my view so far . Those wanting to catch a falling knife or swing low have more 'balls' than me . So for now I stay on the prevailing view of mine which is short . If 93 gets broken then I will know am probably right too . I prefer Longs normally as clearly over the long run they perform better usually No comment on fundamentals . ATB
onedb1
23 Jan 2017
Looks like the big boys are not loving data coming out of Foxtons , [link] by Blackrock clients are rising , just a bit Am still short at 95p . Still the same SL . same target .
triceratops
17 Jan 2017
Re: Where's the bottom.. first tranche bought at 92.5p. Next one will go in at 80p..
onedb1
17 Jan 2017
Re: May renew my short( renewed now) Am short at 95 target same as before 75p SL 99 , RR 5 to 1 Just my view no advice intended . My previous short went well and I should have left it open .
