Candlestick Charting Beazley…

Posted: September 9, 2013 in Beazley

After mentioning my portfolio errors with Beazley (BEZ:LN) after my abandoning all sense and logic and cancelling the stop-loss, I have decided to stick to it out rather than crystallizing a loss now.

Making sense of this madness and trying to rationalise a crazy decision is I know an investing error, however it is true that this “sticking-it-out” on Beazley is going to present me with a real opportunity to first-hand experience, and trial some candlestick charting techniques.  As I posted on an earlier blogpost I am using technical analysis to assist me in my investing, but I am only going so far as the basics, i.e. sticking mostly to breakouts, moving averages, and resistance levels etc.

Candlestick charting isn’t something I am going to put too much faith in, (although I have spent quite a while researching and reading about) but nonetheless when I am watching and directly involved in a sliding share, which has now no more planned key announcements to make until November, it gives me a nice window to observe how investor psychology and habits, might be translating into candlestick patterns that might be of use to me in the future (applied elsewhere).

True I could do this by picking on practically any other share, I feel however that since BEZ:LN is a share I own, and one that I am already holding as a loss making position. It will sharpen how I behave, and analyses the data.

Basically what I am trying to do, is observe a reversal of the bearish pattern which has set-in.  So far a resistance around the 200 mark appears to be the limit where the bears have no further appetite.

Barring further negative news, I imagine this will continue its longer term climb in line with the growth of the business, and I can see no reason why this wouldn’t continue.

Author can be contacted: Investing1234@hotmail.co.uk
Please read the blog Legal Disclaimer.

Quite possibly another mistake…

Posted: August 27, 2013 in Beazley, Companies, Portfolio

One of my recent portfolio additions Beazley (BEZ.LN)  has been skidding along the bottom range of share prices I considered natural volatility, unsurprisingly since around when I stocked up for my portfolio. This was due to an RNS indicating that interest rate changes were impacting this quarter’s revenues from their financial investments, when compared to YOY figures.  

This might possibly have spooked me more than it did, but I supposed that it was probably not really a big deal given the bigger picture of the future longer term impact which should be positive.  And not much of a concern against the backdrop of improving data on most of the other Insurers financial measures. 

Maybe though this was not a view shared by many others, as recently the share price has continued to fall and has now crossed over into my stop-loss territory.  Strangely though rather than allowing nature to take its course, and the stop-loss to occur as one should do using sound investment philosophy.  I have decided that I know better, cancelled and have held-on way past beyond where I should have got out to protect my capital.

Now having made this error,  I have the dilemma of biting the bullet and jumping out now with a bigger than planned erosion of capital (and loss of pride), or remaining patient and riding this one out back into the black. Which will surely happen. I think.

Incidentally the riding out of troubles of my speculative shares held in Ruspetro (RPO.LN) hasn’t exactly gone swimmingly well.   In fact it is still languishing as a 40 something % loss. Which is why I am already regretting what is possibly another silly mistake albeit of a much smaller magnitude.

One thing is for certain though, this is the last time I am going to interfere with a stop-loss. 

Author can be contacted: Investing1234@hotmail.co.uk
Please read the blog Legal Disclaimer.

Fracking pointless or worth a look…

Posted: August 12, 2013 in Alkane Energy, Companies, Elementis, IGas, Watchlist

Having read a few recent articles on fracking.  And just this morning hearing about the recent backing by no less than our PM who was more than upbeat about the possibilities, that the UK shale gas deposits represent.  I can’t help but wonder if some UK shares which are directly or indirectly involved, are going to be the beneficiaries of any future booms in this sector.

So with this in mind and after doing a bit of scouring around on the internet, I have added Alkane Energy (ALKN.L) and IGas Energy (IGAS.L) to my watchlist, along with another share I have more than a passing interest over Elementis (ELM.L).

I am not sure how things will playout in the UK shale gas scene, but I expect one or more of the above to figure somewhere when the dust settles.

While I don’t have any definite plans, to add any to my portfolio, I would be foolish (I think anyway) not to at least keep a very watchful eye right from the start.

Author can be contacted: Investing1234@hotmail.co.uk
Please read the blog Legal Disclaimer.
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