Saturday, 8 August 2009

Worth a punt?

For a while now I've been exploring the world of share trading. I haven't participated, but have spent time doing my reasearch, learning about such things as Bollinger Bands and the Relative Strength Index.

I've now decided to put what I've learnt into practice with a fantasy trading account at Virtualtrader, where you can trade FTSE100 shares.

Based on Friday's closing prices and other statistical data, these are my current buy/sell recommendations for fantasy share trading...

United Utilities, Rexam (at 217p).

3i, Admiral, Amlin, Aviva, BT, Barclays, British Airways, BSkyB (at 549p), BT, British Land, Carnival, Experian, HSBC, Hammerson, Home Retail (at 320p), Intercontinental Hotels, Johnson Matthey (at 1458p), Kazakhmys (at 978p), Land Securities, Liberty, Lloyds, Pearson, Prudential (at 476p), Rolls Royce, Sage, Shire, Smiths, TUI Travel, Tate & Lyle (at 377p), Thomas Cook, Thomson Reuters (at 1995p), Vodafone, Whitbread and Wolseley.

Other FTSE100 shares should be held. Given the large number of sell recommendations over buys, my current opinion is that a market downturn is imminent.

My portfolio
As I'm starting my Virtualtrader account from scratch, I obviously can't make any of my recommended sales, so I've only placed orders to purchase £1000 of shares in United Utilities at best price and £1000 of shares in Rexam at up to 217p when the markets open on Monday.

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