mattbird55
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Hi guys, was wondering what your thoughts are about some of my investments and the general state of the economy. I trade regular shares and when i want to short i generally use spread bets.
After making a little money shorting oil/mining stocks i am now pulling out of that as im not sure how much lower its gonna go. personally i think that oil is now historically fairly priced, if you look at a long term oil price graph and draw a best fit line then oil should be about 50-60 dollars a barrel.
I think if the FTSE and the DOW can stay above 3800 and 8000respectively till christmas then it might be a good buy signal. was even tempted to have a punt at the end of year footsie in anticipation of a small rally.
Also I bought some shares in barclays a few weeks ago at 190p as i saw these as having a good potential risk reward for the long run i.e 5 years, they have dropped 30% since due to the shinnanigans with the arabs dealings :-( but i think potentially in 5 years or so they could be back to 600p or so which would be a pretty good return.
I think there will always be big profits to be made in banking even if it will become more tightly regulated.
In terms of the overall ecomomy i can see light at the end of the tunnel, although we are hearing about firms going under and unemployment rising i think that this is basically a clearout of dead wood in the economy, and the firms that remain will stand in good stead for the future.
One thing i cant get over is how negative the press is. one minute (month to be precise) they are moaning about prices going through the roof, the next month they are worried about them falling and informing us about various senarios that MAY end capitalism as we know it.
After making a little money shorting oil/mining stocks i am now pulling out of that as im not sure how much lower its gonna go. personally i think that oil is now historically fairly priced, if you look at a long term oil price graph and draw a best fit line then oil should be about 50-60 dollars a barrel.
I think if the FTSE and the DOW can stay above 3800 and 8000respectively till christmas then it might be a good buy signal. was even tempted to have a punt at the end of year footsie in anticipation of a small rally.
Also I bought some shares in barclays a few weeks ago at 190p as i saw these as having a good potential risk reward for the long run i.e 5 years, they have dropped 30% since due to the shinnanigans with the arabs dealings :-( but i think potentially in 5 years or so they could be back to 600p or so which would be a pretty good return.
I think there will always be big profits to be made in banking even if it will become more tightly regulated.
In terms of the overall ecomomy i can see light at the end of the tunnel, although we are hearing about firms going under and unemployment rising i think that this is basically a clearout of dead wood in the economy, and the firms that remain will stand in good stead for the future.
One thing i cant get over is how negative the press is. one minute (month to be precise) they are moaning about prices going through the roof, the next month they are worried about them falling and informing us about various senarios that MAY end capitalism as we know it.
