Rhigos
16 Apr 2015
Re: Funnily am long at 1900 onedb1,"I reckon this is about to break out ."I agree.Yesterday their was a buy signal in the form of a golden cross (rising 20 day EMA breaking up through rising 60 SMA). SP at yesterday's close was 12.4% up on low of a week before.
onedb1
15 Apr 2015
Funnily am long at 1900 I reckon this is about to break out . So just a small long for now , but should this rise further I will add to the position .
LK Hyman
27 Mar 2015
Re: P/E really 52? Harold,"Just because a company has been around for a long time doesn´t appear to mean nothing these days."So it means something, then?Weir is takin' a bit of a caning today, but it don't signify to me, 'cos I'm out.LKH on the flybridge
Hardcore Uproar
27 Mar 2015
P/E really 52? If it is all I can say is incredible. The chart is 20%+ from its highs around about this time last year, that is bear territory. All the indicators look to be a sell. Just because a company has been around for a long time doesn´t appear to mean nothing these days.
Rhigos
26 Mar 2015
Re: But greed, Rhigos I echo LKH, FTSE 100 down 106, -1.5% yet WEIR up 2, +0.1%.WEIR have a wide product range yet are being assessed mainly on fracking pump sales. I think they were oversold and will go up more. They have been around since the steam age and have proved themselves resilient and adaptable. I am happy to have 2.12%, by value at yesterday's close, of my share portfolio in WEIR.I do however agree I can be too greedy but on the flip side sometimes sell too early. I note with dismay that the 5,000 ARM shares I sold in Feb 2006 have gone up 725% (They would now be worth £47,473 instead of the £6,767 I got for them). I bought back into ARM in Feb 2012 at 574.9p over 4 times price I sold at in 2006. Traded ARM at a profit 6 times since Feb 2012.
LK Hyman
26 Mar 2015
Re: But greed, Rhigos Hardcore,"Who says history cannot happen again?"Obviously it can do, but Mr Market is rejecting your argument so far as Weir is concerned pretty robustly, today anyway.LKH on the flybridge
Hardcore Uproar
25 Mar 2015
But greed, Rhigos This is where most investors come unstuck as in real life itself. People are never content with what they have even though it may be more than sufficient, they always want more money & take higher & higher risks. A profit is a profit at the end of the day, if the SP goes up another 10% from where you sold, so what? No one guesses bottom & tops (if they do it is an absolute fluke). Think of the initial positive.I think you´re trying to install false confidence about your investment in Weir. The sectors that Weir operates are not in the slightest healthy, the mathematical chance/probability of a profits warning must be statistically high. Does the current SP take into account risks? You need to take into account debt on Weir´s balance sheet & how lower revenues would affect this.I think there must be a considerable chance of another financial crisis. Look at what happened to Weir, in 2008. Didn´t it fall back to 250p or something? So hyou´re saying history cannot repeat itself? The events of 2008, unfolded pretty quickly, all systems went down mainly because the buyers went. Who says history cannot happen again?
Rhigos
25 Mar 2015
Re: Hollo! LKH,"Looks as if Weir is takin' a bit of a caning today!"Down around 0.7% at 13:45, not that bad. My feeling is worst is over for WEIR, SP has started to trend back up. Profit forecast to increase from 2015 last reported of £149.1 million to £315.19 million in 2016. They have cut back on production costs in USA by reducing capacity. This company has been around a long time and can adapt to changing markets. They have a reassuringly progressive dividend policy that will help to support SP. Regret failing to take profits last Sept but not ready to give up on them yet. It would be interesting to know how many WEIR shares are out on loan to short sellers.
LK Hyman
25 Mar 2015
Re: Hollo! Rhigos," In same sector I have thought about buying Croda International."Me too, but it's too expensive for my taste, though I've regularly thought that with other companies such as Rotork and Reckitt Benckiser and should have just bought them when they first swam into my ken.You say that TET is a fledgling. It is small, but it has a history going back 128 years, so it's not a Johnny Come Lately. Also I make a point of ignoring all so-called "patterns" in share prices, even when they resemble a parrot sitting on a clown's shoulder.Looks as if Weir is takin' a bit of a caning today!LKH on the flybridge
Rhigos
24 Mar 2015
Re: Hollo! LKH,Yesterday market kind to me for change and my portfolio outperformed FTSE 100 due to mining sector out performing. VED going up 8.86% certainly helped. I also got cash for my Fortune Oil shares yesterday from buyout. I bought 5 years ago and made a very small profit of 1.24%. Very slim chance of further payout in the future. I dumped that last of by BG shares in Mar 13 and made an overall loss on them of 13.8% on peak investment which was not a big amount in cash terms. "... have upped my already chunky stake in Treatt (now 13% of my share wad)"Well done for buying below CEO. I have never looked at TET before but as you have such confidence in them I thought worth a look. It is very brave of you putting so much into a fledgling speciality chemical company. There is a repeating pattern to share price that suggests SP will rise for 3 months then fall sharply back down. Might we prudent to sell at least some if not all in May. I note profit increased by about 45% in 2015 forecast but profits have been volatile since 2010. I will keep eye on TET but not tempted to buy. In same sector I have thought about buying Croda International.I am now fairly relaxed about holding WEIR, in the long term I believe they will outperform and I'm still up about 10%.
LK Hyman
23 Mar 2015
Re: Hollo! Rhigos,"perhaps even a parrot sitting on a clowns shoulder"LOL, m8. Yeah, I can understand you criticising me for acting out of character by jumpin' around with my BG and Weir stakes. Don't know what came over me. Perhaps it's spring or summat.Anyhoo and whatever, I am completely out of Weir (but feeling your pain today ... miiiaaoowwww!) and a bit lighter on BG (I foresee Brazil getting worse before it gets better) and have today taken an initial small stake in Jimmy Choo (rationale on that board) and, again in contrast with my normal behaviour, have upped my already chunky stake in Treatt (now 13% of my share wad). It was good to see that the Treatt CEO came in for some more shares this afternoon, after I had bought, and paid a higher price than I did.So, all in all, a most satisfactory day.LKH on the flybridge
Rhigos
20 Mar 2015
Re: Hollo! LKH,"... till about noon .... then it suddenly took off like a rocket."The same thing happened to VED but VED had much more powerful rocket fuel, at 15:40 was up over 26% now sliding down fast at 16:22 only up 14% on the day. Now that is beyond volatile more like explosive!Regarding your earlier post saying you had taken profit on WEIR you replied to one of my posting expressing view that you could not understand me selling if I was able to make a certain percentage gain but you appeared to have done that. I have still got WEIR so befitting from today's 3.2% rise. Perhaps there are a lot of believers in technical analysis who have spotted head and shoulder or perhaps even a parrot sitting on a clowns shoulder as in Dilbert cartoon!
LK Hyman
20 Mar 2015
Hollo! What's going on? This puppy continued its seemingly inexorable decline this morning till about noon .... then it suddenly took off like a rocket. I do hope I didn't make a mistake by switching into BG LOL.LKH on the flybridge
II Editor
16 Mar 2015
NEW ARTICLE: Chart of the week: A head and shoulders reversal? "John C Burford, author of Tramline Trading, and Editor of MoneyWeek TraderIn these weekly articles, I will highlight a share that I believe has an interesting chart pattern. I am primarily a technical trader and use the methods I have ..."[link]
LK Hyman
16 Mar 2015
Re: weir Hardcore,For once I agree with you. I've taken my modest profit in Weir and flipped back into BG, which I now regard as oversold. I don't think that a Weir takeover is on the cards, indeed I feel it more likely that Weir will go on the acquisition trail, and will thereby destroy value.Good luck to the remaining holders and goodbye.[link] on the flybridge
