Current Affairs Stocks and shares and stuff

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catcherintherye said:
A P.E ratio of 1.5 is very very appealing. Does it track the biggest Russia equities?

I have no idea if we rally, butbthere are some great prices on offer currently.
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I'd take the P/E with a pinch of salt. It's cheap but I don't think its that cheap. Russia stock market is on a p/e of about 8 or 9, so as long as its in that ballpark then that's fine.

Frankly, I have no edge at all in trying to pick out the best Russian stocks, so perfectly happy to pay a fund manager to do it for me.
 
evilwebby said:
I'd take the P/E with a pinch of salt. It's cheap but I don't think its that cheap. Russia stock market is on a p/e of about 8 or 9, so as long as its in that ballpark then that's fine.

Frankly, I have no edge at all in trying to pick out the best Russian stocks, so perfectly happy to pay a fund manager to do it for me.
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I've just seen the P.E is close to the 6 mark, not sure why a website showed 1.5, which would be ludicrously low. But yes anything sub 8, is an appealing level

Sberbank got down to around P.E of 1 the other day, and if they get booted from SWIFT will probably get back there. I think at that price, will be hard to resist.

I've seen what's in RSX, and you are getting most of the biggest holdings. I think your approach is pretty sound, and I will probably emulate it. A P.E of 6 is low for me, and the shiller indicator has them trading below where they would.

There is one exception (aside from Sberbank if it collapses) of a utilities company trading at around 0.2 P/B and below NCAV. I want to do a little more digging on the commodity, but essentially if it's still at that the start of March I'll be opening a position as it's an insane deal. Unlike Chinese stocks, theres not really the same risk the data is skewed either.
 
catcherintherye said:
I see.

So essentially you are looking at trends, and use Fibonacci to decipher when to exit/enter?

Are you working off daily charts? Weekly charts? It all sounds really interesting and probably a bit complex for me.

I use options a bit myself, but within value investments we seem to do it the opposite way. Once you work out a company you would buy, at say 50, you will sell puts at say 45. If it hits that point you buy it and have the asset. If it doesnt, you keep.the premium (which is actually quite a handy way to add 8-10% p/a).

Laddering in trading is buying as it goes up isnt it? Up to what, say 2% of your portfolio? Again its mad, as I'd do the opposite but downwards with fundamentals. You want the stock to go down to buy more. We are a weird bunch though!

Any reason you never fancied fundamental analysis?

I quite like the concept of technical analysis, but it's just information overload for me.
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See I find the opposite. There is too much info in fundamentals and you can always find strong arguments for the market to go in either direction. Technicals, for me are more black and white.

Ladders are when you but a put or call strike and sell two other higher or lower strikes to fund it. So can be cheap to enter but can be lumpy on margin calls.

The thing with technicals is you don't need to know anything about the underlying.

Look at the picture and pick your levels.
 
Yid4life said:
See I find the opposite. There is too much info in fundamentals and you can always find strong arguments for the market to go in either direction. Technicals, for me are more black and white.

Ladders are when you but a put or call strike and sell two other higher or lower strikes to fund it. So can be cheap to enter but can be lumpy on margin calls.

The thing with technicals is you don't need to know anything about the underlying.

Look at the picture and pick your levels.
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I think you are right on that. I like the objectivity of technical analysis, you do y in situation x. Not much is left to judgement which is good. As a rule, I like as little decision making as possible.

I suppose on fundamentals, I am really talking about micro, bottom on fundamentals. Really looking at things one company at a time. I don't understand macro fundamentals people employ. If that's what you mean?
 
catcherintherye said:
I think you are right on that. I like the objectivity of technical analysis, you do y in situation x. Not much is left to judgement which is good. As a rule, I like as little decision making as possible.

I suppose on fundamentals, I am really talking about micro, bottom on fundamentals. Really looking at things one company at a time. I don't understand macro fundamentals people employ. If that's what you mean?
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Yep. Macro. Too many ifs buts and maybes.
 
Russian related stocks getting slaughtered today
POLY down 50%

My falls in JRS seems relatively mild at only -25% ^_^
I have been adding to my holdings this morning. Tune out the noise and sit on them for 3 years and I think you will be very well rewarded. I have 2% of my portfolio in them, prepared to go to 3%.
 
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