Still long BskyB, added more to Lloyds at 42.7p

I am going to stay in Bskyb(they are currently £7.42) from £6.96. £7 looked like support to me and now there is talk of a special dividend of up to £1.30, as they generate so much cash.

I have now added to my holding in Lloyds at 42.7p. I have taken a beating on them this year but they are trading well below even book value, due to the Europe debt fears. My target is 50-55p before I think about selling. This is a very risky trade to be in but I am a contrarian and go against the trend, when I think a company is undervalued.

Buy BskyB at £6.97

buying now, will explain later

The bull market remains intact (for now)

Hi all,

Sorry I have not blogged for a while. I am still a buyer of dips. The long term S&P bull market channel is still intact, valuations are not stretced and I have been adding longs into the dip. Particularly still favour high yield stocks like Vodafone, AstraZeneca, National Grid etc. But I have also been adding holdings in growth sectors, mainly large caps in the US, like Cisco and Intel.



I will update further over the coming week