camem' Posted October 4, 2005 Share Posted October 4, 2005 now I know the market can remain irrational longer than I can stay solvent, however... with tech floats enjoying a revival surely it's a fair bet that a fair few city boys *still* (see .coms) can't see the difference between a floated tech stock that has a real business behind it making stuff people want (eg CSR), and a tech stock that won't make serious money because (for the next few years at least) people don't want the service it provides (eg Rightmove) this is supporting the countrywide price, as are American investors who are 9 months+ behind us in the cycle. Predicted outcome; a bad float for rightmove as property becomes recognised to be off the boil before the float, and a death in the countrywide price same day. However, nervous about a shorting spread across an IPO as a stop loss would have to cover an opening day peak (even when lastminute bombed it doubled first), and I've not done it before. any thoughts from you clever people ? justifications for rightmove business plan ? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 6, 2005 Share Posted October 6, 2005 any thoughts from you clever people ? justifications for rightmove business plan ? All I know it touched 400 recently then fell to about 380 then went back up to around 397 ie it didn't pass the psych 400 level. Presage of things to come - hope so. Quote Link to comment Share on other sites More sharing options...
abroad Posted October 6, 2005 Share Posted October 6, 2005 One piece of advice, don't fight the trend however irrational it may seem. The market will make its own rules, don't try and be too smart and guess the exact high or low. Watch for a trending decline. Then short....or go long dependent on the trend Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 6, 2005 Share Posted October 6, 2005 All I know it touched 400 recently then fell to about 380 then went back up to around 397 ie it didn't pass the psych 400 level.Presage of things to come - hope so. 380 again... Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted October 6, 2005 Share Posted October 6, 2005 380 again... Yes, down nearly 3% on the day. Quote Link to comment Share on other sites More sharing options...
andrew_uk Posted October 7, 2005 Share Posted October 7, 2005 Keep out of CWD unless your lucky. It's a share designed to drag money out of shorters. It'll drop big one day but that day might be a year away. Remember if the estate agent business plummets then all the competition will go out of business and in ten year time CWD will mop up. And yes investors take a ten, twenty even fifty year time frame into account. Pension funds survive for centuries. Quote Link to comment Share on other sites More sharing options...
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