+- Stage Analysis Forum - Trading & Investing using Stan Weinstein's Stocks Breakout method (https://www.stageanalysis.net/forum)
+-- Forum: Main Board (https://www.stageanalysis.net/forum/Forum-Main-Board)
+--- Forum: Stan Weinstein's Stage Analysis - Stock Charts, Technical Analysis, Learn to Trade, Stocks, ETF, NYSE, Nasdaq (https://www.stageanalysis.net/forum/Forum-Stan-Weinstein-s-Stage-Analysis-Stock-Charts-Technical-Analysis-Learn-to-Trade-Stocks-ETF-NYSE-Nasdaq)
+--- Thread: UK Stocks and ETFs - Watchlist and Discussion (/Thread-UK-Stocks-and-ETFs-Watchlist-and-Discussion)
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-02-26
A few potential Stage 2 continuations for the UK watchlist - CSR.L, TRX.L, WEIR.L
RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-02-26
A few potential Stage 2 continuations for the UK watchlist - CSR.L, TRX.L, WEIR.L
RE: UK Stocks - Watchlist and Discussion - Lplate - 2014-02-27
(2014-02-26, 10:59 AM)MalcolmSm1th Wrote: I wasn't able to read the FT page, Lplate. But, one has love the EPIC code for Snoozebox...Malc, yes, purely watchlist at moment, and will be weeks before it fits the investor criteria, if ever. I'm watching as is the sort of dramatic move that occurs if a stage 1 is volatile one.
But wouldn't you say that Snoozebox (ZZZ.L) is still in Stage 4 or early Stage 1?
- Malc
RE: UK Stocks - Watchlist and Discussion - Lplate - 2014-02-27
(2014-02-26, 10:59 AM)MalcolmSm1th Wrote: I wasn't able to read the FT page, Lplate. But, one has love the EPIC code for Snoozebox...Malc, yes, purely watchlist at moment, and will be weeks before it fits the investor criteria, if ever. I'm watching as is the sort of dramatic move that occurs if a stage 1 is volatile one.
But wouldn't you say that Snoozebox (ZZZ.L) is still in Stage 4 or early Stage 1?
- Malc
RE: UK Stocks - Watchlist and Discussion - MalcolmSm1th - 2014-02-27
What are your thoughts on the EMS? Surely a stock with an EMS of £200 is going to get bludgeoned by broker's fees as not only will it have a spread to get over but a fee of about £15 is an extra 7% of cost. And then the same to get out.
So add the stamp duty (if applicable) and the spread and we're looking at something in the order of the stock having to rise at least 18% just to break even.
Is it worth looking at these low EMS shares at all?
- Malc
RE: UK Stocks - Watchlist and Discussion - MalcolmSm1th - 2014-02-27
What are your thoughts on the EMS? Surely a stock with an EMS of £200 is going to get bludgeoned by broker's fees as not only will it have a spread to get over but a fee of about £15 is an extra 7% of cost. And then the same to get out.
So add the stamp duty (if applicable) and the spread and we're looking at something in the order of the stock having to rise at least 18% just to break even.
Is it worth looking at these low EMS shares at all?
- Malc
RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-02-27
(2014-02-27, 11:46 AM)MalcolmSm1th Wrote: What are your thoughts on the EMS? Surely a stock with an EMS of £200 is going to get bludgeoned by broker's fees as not only will it have a spread to get over but a fee of about £15 is an extra 7% of cost. And then the same to get out.
So add the stamp duty (if applicable) and the spread and we're looking at something in the order of the stock having to rise at least 18% just to break even.
Is it worth looking at these low EMS shares at all?
- Malc
By EMS are you talking about the normal market size? i.e "A share classification structure based on the number of shares outstanding. This determines the number of shares that a market maker can trade at the quoted price."
I agree the normal market size of 2000 is very small on ZZZ.L, and wouldn't be something that you could trade short term due to the fees and spread like you mentioned. But with a 52 week average true range of around one third of the current price, it seems to have the price volatility to be able to compensate for it in the medium term, and so a position size of two times the normal market size plus spread and fees would cost roughly £560 currently. Which if you were planning on holding for the longer term and think it could make it back to and above 2012 level of 70p then it needs a 500% move.
So, it's definitely something you need to consider with the smaller stocks as fees and spreads will put you at a big disadvantage straight away, and hence why a large increase in relative volume is necessary, which will improve spreads, and you might have to wait a while for the NMS to increase to a more suitable level, and hence not get in at the Stage 2A breakout on some of the minnows.
RE: UK Stocks - Watchlist and Discussion - isatrader - 2014-02-27
(2014-02-27, 11:46 AM)MalcolmSm1th Wrote: What are your thoughts on the EMS? Surely a stock with an EMS of £200 is going to get bludgeoned by broker's fees as not only will it have a spread to get over but a fee of about £15 is an extra 7% of cost. And then the same to get out.
So add the stamp duty (if applicable) and the spread and we're looking at something in the order of the stock having to rise at least 18% just to break even.
Is it worth looking at these low EMS shares at all?
- Malc
By EMS are you talking about the normal market size? i.e "A share classification structure based on the number of shares outstanding. This determines the number of shares that a market maker can trade at the quoted price."
I agree the normal market size of 2000 is very small on ZZZ.L, and wouldn't be something that you could trade short term due to the fees and spread like you mentioned. But with a 52 week average true range of around one third of the current price, it seems to have the price volatility to be able to compensate for it in the medium term, and so a position size of two times the normal market size plus spread and fees would cost roughly £560 currently. Which if you were planning on holding for the longer term and think it could make it back to and above 2012 level of 70p then it needs a 500% move.
So, it's definitely something you need to consider with the smaller stocks as fees and spreads will put you at a big disadvantage straight away, and hence why a large increase in relative volume is necessary, which will improve spreads, and you might have to wait a while for the NMS to increase to a more suitable level, and hence not get in at the Stage 2A breakout on some of the minnows.