I have changed my methodology slightly. This time, I am looking at 4 weeks worth of data (the weeks of 31-May, 07-Jun, 14-Jun, 21-Jun) from TD Waterhouse. The same principle applies: I look at the top 10 buys and sells, and eliminate shares appearing as both buys and sells. Here are my results:
Buys:
- CWC - Cable & Wireless Comm - 40.62p
- NG. - National Grid - 614.32p
- PIC - Pace - 107p
- VOD - Vodafone - 164.26p
- ANTO - Antofagasta - 1408.18p
- EO - Encore Oil - 63.50p
- SOLO - Solo Oil - 1.40p
I am happier with the way the list has turned out this time, as it shows some more consistent themes, rather than a lot of to-ing and fro-ing within the same sector. Commodities is out the window, and investors have opted for techie and/or safety. Will investors be proved right in dumping their junior oilies? Will Pace finally sort their supply issues out and resume growth, or was that delay in a customer contract an ominous sign of things to come? I'll let you know in 6 months time.
In the meantime, happy and prosperous investing.
Edit 08-Jul-2011: FT-ALLSHARE corrected from 3210 to 3120.
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2 comments:
As I've just sold NG because I suddenly noticed how much debt it had and couldn't see any upside anymore and PIC because I wanted to get off the rollercoaster, I'll be interested to read your follow up. I did just buy some Vodafone though, so hopefully I won't be completely wrong.
Many thanks for your comment, Camalot94. I personally hold PIC and VOD, and none of the others in the list.
I agree that NG has a lot of debt, and it's in a stodgy regulated sector. VOD seems more interesting.
You're certainly right about the rollercoaster that is PIC. I continue to hold because I think (and it really is just a judgement) that the risk/reward looks acceptable. The company has some operational issues, which look temporary. The question remains as to whether the deeper-looking issues are serious, or not. It's not without its risks, I'll grant you that.
It's interesting to see that people bought CWC (C&W Comms) but not CW (C&W Worldwide). CW has had some stinky old problems lately, which investors seem to have avoided.
I'm quite interested to see how things pan out; although we wont for some time yet.
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