For several years now I have been attending a very good little Conference thing that Shares Magazine and Cenkos organise in Islington at the Business Design Centre (same place as the Master Investor Show), and I have signed up to show my face there again in 2020. It is on Tuesday 11th February and is FREE to attend which of course is always welcome, and there are usually quite a few Companies attending and you get presentations by them and they usually have a Stand outside as well. It is in a side room at the BDC but is still quite large and it’s a very pleasant event I find.
From the list of Companies on the website I particularly would like to talk with DUKE to really figure out what they do and I note that IXI are there and also VEL who have had a torrid time as a listed business but might have potential hidden away underneath. I have just spotted that MANO will be there as well which might be interesting.
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It’s not difficult to have noticed that the Video/Computer Gaming sector is utterly flying at the moment and sadly I have missed out on the run so far, but I suspect there might be more upside if the right Stocks are chosen. Before writing the recent Stock Idea Blog about Gateley GTLY, I had a quick look at some Video Gaming plays and ended up dismissing them and deciding to work on GTLY instead. Anyway, since that I have reconsidered the situation and if I can find something suitable then I might put some dosh into the chosen Great White Hope.
My thinking for this Blog is to do a very high-level look at the potential Video Gaming Stocks that I can identify and after this I might decide on a particular one and do a further more detailed Blog about that chosen Company. I am not sure when this will happen and of course it is highly possible that I decide that none of them really grab me.
I’m starting this blog much later than I usually do on a Sunday night simply because I just seem to have been chasing my tail all day and getting nowhere. I guess watching hours and hours of MotoGP from Valencia didn’t help but it was the last race of the season and the final race for the legend Jorge Lorenzo who is retiring at the ripe old age of 32 after 5 world championships. I have several subjects etc. I want to cover and I also want to shove some Stock Charts in so I need to attack it with much gusto.
Last Tuesday I went up to Chiswick for the Mello Event and had a really fun and useful day out. I ended up leaving after 10pm and totally lost track of time although of course the big advantage was that traffic was very light on my way home to Windsor. It was great to meet up with loads of people that I have met over the last 5 years of doing the WD thing and these Events are increasingly a big social occasion where loads of us meet up from all over the country – the Company Presentations and stuff are much appreciated from what I can tell but the social side is also a huge attraction and a good reason to take advantage of these opportunities to meet up with like minded people and to bounce ideas off them and suchlike.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
This is Part 2 of these GTLY Blogs and you can read Part 1 here: http://wheeliedealer2.weebly.com/stocks--markets-blog/stock-idea-gateley-holdings-gtly-part-1-of-2
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
It’s been playing on my brain for a while that I fancy scribbling a Stock Blog and I guess this is it !! Or at least Part 1 of it. I like doing these because they give me a very structured way to do research and I know Readers like them and of course it is exactly this kind of thing that attracts new Readers to read my twaddle. I like to keep my hand in on writing about Stocks as well and I don’t feel like I have written many of late as the Markets being what they are I have not felt a great impulse to buy much, and therefore there is not a huge need for me to do research. But it is good maintain my questionable ‘skills’.
Yet more farce in Parliament on ‘Super Saturday’ then and yet again the Meaningless Vote has been delayed but it is looking like it will reappear somehow in the next few days and one promising outcome from the Letwin ‘Weasel’ Amendment is that it has highlighted the size of the Rebellion against Boris and it looks like the Meaningless Vote will pass.
Clearly if a Deal gets through Parliament then there will be plenty of political theatre from the Opposition Parties who have really been entirely hopeless all round with regards to Brexit (I am sure this is something that both Leavers and Remainers will agree on), but it is a step nearer the Exit Door and even if Brexit does not officially occur on the 31st October, it will pass in a matter of days or weeks afterwards. There could well be a small Extension to get the Legislation technicalities through but the EU is entirely fed up with the ongoing saga and it is unlikely they will allow a longer Extension unless there is a General Election or Referendum – but both look unlikely.
I really don’t get on with tech and IT in particular. This was highlighted this week when Peter @Conkers3 and myself recorded another TPI Podcast and we thought it was all in the can, only to find that nothing had recorded and we had to do it again. Exasperating.
The sad thing was that the original recording (that wasn’t actually a recording !!) was utterly brilliant and without doubt the best thing we have ever created. In fact, I would say it was the best Podcast in the history of Financial Podcasts and it was incredible as it contained loads of future multi-bagger ideas and now we can’t remember what they were !!
It just seems such a strange market at the moment. We are up near All Time Highs across many Indexes (ok, that is more in the US and not so much in Europe), yet the stack of Macro issues just seems to get ever larger and the potential impact of each new factor just seems to get worse.
Of course in the UK the big story is Brexit and we are getting down to the final weeks and it is still not clear how this will play out although there does seem to be a sense that a Deal with the EU is going to happen but this is not certain and even if it does occur there are no guarantees it can get through Parliament. We also have the new issues where the Iran / Saudi rivalry has gone up a notch and there are lots of fears of potential military action but it is probably an outside chance still as the US is unlikely to get involved with a Presidential Election soon and Iran lacks the capabilities to fight on a large scale and it is more likely that they will continue with proxy wars using the likes of Hezbollah etc. I can’t imagine the Saudis starting another Front when they are rather busy in Yemen and we can be fairly sure they will be defending their Oil facilities a lot better from now on.
Last week I finally bit hard on the lead bullet and Closed (bought back) a large part of the FTSE100 Short Position that I have been battling with all year. If you skip over to the ‘Trades’ page which sits on the WD1 website then you can see more gory details and I have put some reasoning there with regards to why I have taken the action.
I will get on to the Charts later in this Blog as per normal but the key driver for my decision to reduce the Shorts is because most of the Major Indexes and now the FTSE100 as well have done ‘Bull Crosses’ on the 13/21 Day Exponential Moving Averages and I find that this is a hugely reliable and predictive Indicator that suggests weeks of gains ahead. It has been obvious to me for most of 2019 that Autumn would be my best chance to reduce the Shorts if we did not see a significant drop before then (I was expecting some drama around the original Brexit date of 31st March but of course the Government and Parliament bottled it and gained an Extension which they then went on to waste with their constant bickering).
I heard that quote on the ‘Andrew Marr Show’ paper review on BBC1 I think and it did make me giggle. Pretty much sums up the whole Brexit menagerie and without doubt after a truly bonkers week at Westminster just gone we can expect many more such weeks up to the middle and end of October and I will be staying very cautious. In theory the Remain MPs think they have ruled out ‘No Deal’ but Boris doesn’t seem to agree and the Government’s Policy is that the UK will be leaving the EU on the 31st October whatever happens.
It is impossible to know how this plays out although we can be certain a General Election is coming very soon and that will pile on yet more uncertainty and reasons for the UK Economy to struggle and for Stocks to find few buyers. |
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