think-it-thru
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Hello there phoenix25140
Thank you for your post.
I use Sharescope for some research and ADVFN, Yahoo finance , bloomberg.com also.
Im spreadbetting so ill usually open a position for the far quarter.
I look at sectors, leading and lagging. Then I pick a stock whose price is trending higher in a leading stock for a long position, and hedge that position with a short on a weaker (based on price trend) in the same sector. and the opposite for lagging sectors. I dont look at much fundamental, however i am learning that it could be wise to do some, as my FDSA position had a share split recently whic left me in the red a little, and if i had looked at the news and improtant dates for that company i might have tightened my stop.
I guess the likes of Tesco which was a previously strong company could be value for growth.
Another member asked me about Firstgroup in a recent post.
My views on these two at the minute.
They are at lows and TSCO being near a previous 52 week low, so where is the bottom?
I dont know of course and im not about to try and call it.
Im spread betting so I would want to try and catch a trend in motion.
To hold the underlying, might be a place to park your money for a while, but there doesnt seem to be much love for either , price wise.
May be a buy stop above the current price between S/R levels with a stop loss at another S/R level would be good.
However I have no positions in either at the minute, and I am also 24% down, so I havent called Ferrari just yet.
Thank you for your post.
I use Sharescope for some research and ADVFN, Yahoo finance , bloomberg.com also.
Im spreadbetting so ill usually open a position for the far quarter.
I look at sectors, leading and lagging. Then I pick a stock whose price is trending higher in a leading stock for a long position, and hedge that position with a short on a weaker (based on price trend) in the same sector. and the opposite for lagging sectors. I dont look at much fundamental, however i am learning that it could be wise to do some, as my FDSA position had a share split recently whic left me in the red a little, and if i had looked at the news and improtant dates for that company i might have tightened my stop.
I guess the likes of Tesco which was a previously strong company could be value for growth.
Another member asked me about Firstgroup in a recent post.
My views on these two at the minute.
They are at lows and TSCO being near a previous 52 week low, so where is the bottom?
I dont know of course and im not about to try and call it.
Im spread betting so I would want to try and catch a trend in motion.
To hold the underlying, might be a place to park your money for a while, but there doesnt seem to be much love for either , price wise.
May be a buy stop above the current price between S/R levels with a stop loss at another S/R level would be good.
However I have no positions in either at the minute, and I am also 24% down, so I havent called Ferrari just yet.