The Official MT Stockmarket thread :-)

My understanding of black markets is an area where you buy items that are illegal or restricted such as conflict diamonds drugs arms etc. Maybe im missing the point not someithing i would want to invest in personally unless there were good gains.

Wheels what do you do are you a banker ?

Ras

Rasputin


My understanding of black markets is an area where you buy items that are illegal or restricted such as conflict diamonds drugs arms etc. Maybe im missing the point not someithing i would want to invest in personally unless there were good gains.

Wheels what do you do are you a banker ?

Ras

Doh! Should have seen that lol, here was I thinking it was a ufimism for off-market trading or emerging markets.

And no, I'm not a banker, just a part-time investor/trader.  My main work is engineering.

Constantine

LMAO!

Who skipped breakfast Lunch today? As we know it's for wimps! LOL

Banks may still be worth buying - I am looking at some atm purely based on their dividend yield (assuming the dividend holds) some are over 30% atm.

Some REIT's maybe interesting on the same basis but a risky punt. Real Estate Investment Trust - REIT.

I would imo if not day trading look for high yielding dividend stocks where a share rise is an added bonus.

Wheels

Rasputin


My understanding of black markets is an area where you buy items that are illegal or restricted such as conflict diamonds drugs arms etc. Maybe im missing the point not someithing i would want to invest in personally unless there were good gains.

Wheels what do you do are you a banker ?

Ras

Doh! Should have seen that lol, here was I thinking it was a ufimism for off-market trading or emerging markets.

And no, I'm not a banker, just a part-time investor/trader.  My main work is engineering.

For all i know you may be right mate i was just guessing yeah the area im tryingt o get into is emerging market economies good money will be made in these areas over the next few years soon as the legal systems in countries gets up to date and compatible with ours. Studied emerging markets alot during my degree very interesting especially eastern europe atm

Ras

The Guvnor


Banks may still be worth buying - I am looking at some atm purely based on their dividend yield (assuming the dividend holds) some are over 30% atm.

Some REIT's maybe interesting on the same basis but a risky punt. Real Estate Investment Trust - REIT.

I would imo if not day trading look for high yielding dividend stocks where a share rise is an added bonus.

Bank dividends will be under threat from the govt, I can see them being cut almost completely for a couple of years for the bailed out banks.  Agree fully with the yeild play, telcos's are looking nice too me as a long term buy.

One of the Irish banks already cut it's dividend by 50% but because of the depressed share price the yield has doubled to near 20%. The ADR (American Depository Receipt) for the same bank has a yield over 40% atm.

Sorry if it seems obvious but the guys at work, (RBS), say they won't be receiving any dividend payments from their shares.

I'm really tempted to go and buy some RBS shares outside of the company scheme at the moment, just a case of seeing what is the best price I can get em for! We've opened up 20 times more ISA's and savings accounts than estimated during the last 3 months so hopefully that may have a bearing on prices when they release official figures in a few weeks!

The Guvnor

Constantine

LMAO!

Who skipped breakfast today? As we know it's for wimps! LOL

"Lunch"

If I had some money I would have a look at a few banking stocks.
 
Compnaies that have made that much profit may not be a bad investment although you can obviously raise an eyebrow where alot of it came from.

where's the bottom going to be? that's the thing

like someone has said this could be a very rare buying opportunity, especially for long term gains, sectors like mining and natural resources seem to have been hit hard (check out aquarius platinum/ rio tinto etc.)

still could be a good market for shorting as well, the fluctuations at the moment in th index as a whole are massive and a lot of shares seems to be bobbing with the tide

tuc biscuit


where's the bottom going to be? that's the thing

like someone has said this could be a very rare buying opportunity, especially for long term gains, sectors like mining and natural resources seem to have been hit hard (check out aquarius platinum/ rio tinto etc.)

still could be a good market for shorting as well, the fluctuations at the moment in th index as a whole are massive and a lot of shares seems to be bobbing with the tide

Quite frightening to think that if it hasn't bottomed out, then what its going to take to make that happen.

Constantine

The Guvnor

Constantine

LMAO!

Who skipped breakfast today? As we know it's for wimps! LOL

"Lunch"

I thought it was wrong as I typed it! Explains why my search on youtube came up with nothing!

Mining & Natural Resources are well down as everything is - TransOcean (RIG) is another one.

Who knows where the bottom will be - thing is not to be too greedy imo.

looks like 7500 on the dow could come knocking soon.

the market is in a terrible state, who knows where the bottom is, considering we have more than retraced 50% of the stock gins since Black Monday back in the late 80's we are setting into new territory here, the only thing that can compare is the great depression and no one knows what happened there in any great detail.

The difference now to then is technology. People are so highly plugged in across the world that any reaction to an event, headline, eco number or anything can set the market spinning. Today the S&P lost another 90 points, it's an incredible phenominon , but it's happening.

I'm a prop trader so i can invest or day trade, but the movements in the market are so severe and there is no rhyme or reason to some of the moves really, so i feel like shutting down my book and sitting it all out until the market stabilises properly and trading normalises.

any traders who work in the City on here?

No mate dont work in the city but am a day trader, do you use your own funds or the firms? I agree with sitting some days out, seems to be getting a little better but then you think perhaps not!

i think everything will pick up mid 2009.
signs at the moment are looking a little better (short term anyway)
ill add im no expert though.

I work for a German bank so i use firm money. It's very difficult at the moment. I trade credit, most credit derivatives and bonds. The liquidity in the market is very thin and bid offer spreads are so expensive at the moment that i makes it very difficult to cut positions that you know are money good in the long term...I seriously thought that post the capital injections and bailout packages the market would stabilise, guess not, it's seriously getting very critical now. It feels like we are standing on the edge of the obvilion and peering over the edge.

A complete collapse of the financial system will send us back into the stone ages.

Early rally today folks. I was trying to call this yesterday evening and got caned. Had I used cmc for the trade I'd have been stopped out overnight but paddypower don't action stops out of hours so it ran to the tune of £3k paper loss at it's worst. Luckily the wave looks to be in place. £400 paper profit atm. Stop now set at b/e

I learned another good lesson last night. Tighter stops required when you are trading against the general trend.