Day Trading & Forex Forum

megamuel

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.

megamuel

Anyone?

foredog

[QUOTE=megamuel;614658]Amlin, think they've got a good cash pile and are reinsurance not life insurance etc so should be OK
Antofagasta, Good recovery play if market picks up
Debenhams, Hmmm could double or half if in doubt leave it out
Taylor Wimpey, BYe bye, wait for the debt for equity then buy the new shares, could rally on a bear squeeze but not on fundamentals
Kazakhmys. same as Anto's i'd guess.[/QUOTE]

Just my opinions
no research done just from memory and common sense

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timsk

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.

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megamuel

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.

megamuel

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.

fibonelli

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).

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timsk

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.

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__________________
Great traders and great comedians share a common skill that underpins their success: they're both experts at TIMING.