Opinions on these:

Amlin,
Antofagasta,
Debenhams,
Taylor Wimpey,
Kazakhmys.

I have my own opinions but being a newbie I am interested to hear what others have to say about the future of these companies. I'm interested to know your opinion of where the share price might be going over the next few months. Including any technical analysis you might be able to share. I don't know much about Amlin but the share price seems to be in a strong uptrend. Anto also seems to be trending upwards. Debenhams seem to hold up relatively well in all the bad retail sector news. Taylor W, risky buy? Kazakhmys seems to be stuck in a range, where is it heading next? Any thoughts would be greatly appreciated. Thanks,

Sam.

Anyone?

Hi Sam,
DEB, KAZ and TW. are all scraping the barrel, so I guess you've looked at them and words like 'cheap', 'oversold' and 'reversal' came to mind. All three words could apply to all three stocks. On the other hand, maybe they're all about to go tits up. All that can be said for sure is that they are in strong downtrends and, while they theoretically can't fall much further, that's not - in and of itself - a buy signal. I wouldn't buy (or sell) any of them yet, but watch them to see if they consolidate and show signs of reversing. If the market as a whole picks up and they start to tick up, consider buying on a shallow pull back accompanied by weak volume.

ANTO is in no-mans-land with clear resistance at a major round number just overhead at 500. On the current chart, I'd say a continued move down is the most probable over the coming months.

AML is the only chart in a clear uptrend with strong support around 340. Of the five charts, this is the only one I'd consider trading and I'd go long. That said, I don't like the look of the huge spike up in december. (Now watch it tank ;-)
Tim.

Thanks for the replies guys! I'm actually already long on Amlin with a target of 379 and also long on Anto. I got in at 409 so in a fair bit of profit already. I have a target of 515 but not sure if it will make this because of the 500 level resistance. Hit 501 today then dropped. Will see what happens tomorrow. Anyway just keeping myself busy while I'm working on my PROPER strategy Hope everyones trading is going well...

Sam.

Amlin just hit 379. Took profits AND look what happened to Debenhams today! Nice bit of profit there too! Right, back to bed now I think Damn I should start giving tips!

Sam.

Amlin - Lloyds Insurer benefitting from AIG's nationalisation. Huge Bond Portfolio. Risk of Major Claims from Hurricanes etc.
Antofagasta - Copper Mining in South America (Chile).
Debenhams - Purveyors of, ahem, "designer goods". Unexpectedly good results.
Taylor Wimpey - Oh dear......
Kazakhmys - Copper Mining in Kazakhstan (aka Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan).

A Rising Tide Floats All Ships . . .

megamuel said:

Amlin just hit 379. Took profits AND look what happened to Debenhams today! Nice bit of profit there too! Right, back to bed now I think Damn I should start giving tips!

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Hi Sam,
Well done if you made a profit on all three stocks!
Without wishing to dampen your enthusiasm, I suspect the rise was more likely due to market sentiment as expressed by the FTSE than it was due to the stocks themselves. Given that the main index appears to be hitting a zone of resistance, the gains of the past few days may well be short lived. In the event that any of the trades are still open, if I were in your shoes, I'd probably close out all of them. Failing that, I'd at least move my stops to b/e and, if possible, lock in some profit.
Tim.

Thanks for the advice Tim. What if the index was to break through the resistance? Or do you not expect that to happen in the short term?

Sam.

megamuel said:

Thanks for the advice Tim. What if the index was to break through the resistance? Or do you not expect that to happen in the short term?

Click to expand...

Hi Sam,
I can only speculate as to what it might do; better to watch and see what it actually does! The news about M&S isn't very encouraging and with all the doom and gloom talk generally, I'd expect there to be at least a pause in the first week of broadly bullish trading. A good place to do that would be at a zone of resistance.

This is only my opinion and I'm often (usually!) wrong. My last post being a case in point when I suggested that the moves up in the three stocks yesterday were due to market sentiment rather than anything intrinsic to do with the stocks themselves. Not so in the case of DEB, which rose because its results weren't as poor as the market expected. But that's luck. Had the results been bad, then the price may well have fallen and if you're long the stock ahead of the announcement, a trader could easily come unstuck.

All I'm really trying to say is that the individual stock price is only half the story - or less. What the sector is doing and, most importantly, what the market as a whole is doing, is every bit as important.
Tim.