Vodafone update

Hi all,

As you know I added to my position in Vodafone at £1.34. They have been stuck in a trading range since August. They are undervalued, forward dividend yield was as high as 6.3%.




Today was their trading statement and they popped 4% higher, as they increased their profit outlook above expectations for 2010, with free cashflow rising 0.5 billion above previous forecast in 2010 as well.

They are a strong hold and my 4th biggest holding.

Stopped out on BP and Man Group

All,

Unfortunately I was stopped out at breakeven on BP and Man Group today. I don`t think I wanted to risk staying long on them on my spreadbetting account when I already hold them.

I have another share tip to discuss which I will put up a blog about later.

Move BP and Man stops

Moving BP and Man Group stops to breakeven at 5.66 and 2.40. Lets not take any risks in this market.

Long BP @5.66

All,

BP results lower than expected and overreaction on the share price. I am long on BP at £5.66, stop loss tight at £5.63. Limit order for 5.75

Still long Man group, moved stop to 2.30

Today`s actions

Hi all,

I just wanted to discuss a few things that happened today. I went long on Man Group as per the previous post at £2.40. At an 11.6% yield the highest in the ftse 100 and with the price dropping 41% over 11 consecutive days, I saw an opportunity to go long(buy). I already hold this share as you know from previous posts but I wanted to take advantage of the severe sell off recently, that was unjustified and overdone. Sentiment in the market was changing this morning and I got on board for the short term. Stop loss is £2.20 for now.

On another note, did you see the water companies today?! Wow what a move to the upside. Rumours about a bid for Northumbrian water, lifted up my holdings in United Utilties and Severn trent by 4% today.





Mr Market is realising now that the defensive income shares were or are undervalued. Will Vodafone be next? Their results are this week, watch out for those on Thursday.

Long Man Group@ 240

All,

Just wanted to let you know quickly, I just went long on Man Group at £2.40. Will explain reasons why later.