ASK PADDY

silverpaddy

Hi, have worked in the stock market for 10 years, if I can be of help in answering questions please let me know! Paddy.

Smcgie

Ok where your top 5 places for money at this moment in time? Also what do you predict is ahead for our banks SP?

ranger4

Smcgie wrote: »

Ok where your top 5 places for money at this moment in time? Also what do you predict is ahead for our banks SP?

Id like to ask the same questions paddy.

Idu

silverpaddy wrote: »

Hi, have worked in the stock market for 10 years

Doing what specifically?

silverpaddy

When you SK TOP 5 PLACES DO YOU MEAN MARKETS, SECTORS?
ASLO HOW MUCH MONEY ARE YOU SPLITTING5 WAYS, WHAT RISK ARE YOU WILLING TO TAKE?
the irish banks, imo after the recent run up off lows we are back twhere we were early december 08......while this is great given we were expecting complete oblivion, i dont remember anyone being too optimistic back in december.
i dont think at this point full nationalisation is an option. which is a positive not only for those of us dealing in the ordinary shares, but for the taxpayer/country. full gov ownership would result in ireland inc being effectivley a basket case for the next ten years or longer.

i think in the short term the banks will remain buyount and move higher perhaps towards the 3-4 euro mark presuming the international markets continue to show signs of life. however i would be wary of capital raising in this time, the banks will almost certainly have open offers at decent discounts to prevailing prices to help get themselves back in order. if you are day trading or putting all your cash into the banks this may mean a severe short term dilution to exiting shares if you cannot afford the cash to take up any new shares being offred to you. (take a look at lloyds)

Time Magazine

Welcome to the board, sharepaddy. (I've edited your post slightly to remove the caps.)

Just to remind everyone that we'd be shut down tomorrow if we gave formal financial advice here. Anything said here is just the opinion of people on the internet, don't take it as financial advice, even if the poster is legitimately entitled to give financial advice in the real world. (Just to clarify: we're more than willing to talk amongst ourselves about shares. Just remember it's more like chatting in the pub rather than getting qualified advice, and we're grand.)

Sharepaddy, what work did/do you do, do you mind me asking?

ranger4

silverpaddy wrote: »

When you SK TOP 5 PLACES DO YOU MEAN MARKETS, SECTORS?
ASLO HOW MUCH MONEY ARE YOU SPLITTING5 WAYS, WHAT RISK ARE YOU WILLING TO TAKE?
the irish banks, imo after the recent run up off lows we are back twhere we were early december 08......while this is great given we were expecting complete oblivion, i dont remember anyone being too optimistic back in december.
i dont think at this point full nationalisation is an option. which is a positive not only for those of us dealing in the ordinary shares, but for the taxpayer/country. full gov ownership would result in ireland inc being effectivley a basket case for the next ten years or longer.

i think in the short term the banks will remain buyount and move higher perhaps towards the 3-4 euro mark presuming the international markets continue to show signs of life. however i would be wary of capital raising in this time, the banks will almost certainly have open offers at decent discounts to prevailing prices to help get themselves back in order. if you are day trading or putting all your cash into the banks this may mean a severe short term dilution to exiting shares if you cannot afford the cash to take up any new shares being offred to you. (take a look at lloyds)

Hello Silverpaddy, What time frame do you see aib-boi possibly offering rights issue? possibly during the autum when the expected comercial and personel borrowing problem is expected to rear its ugly head?

pocketdooz

silverpaddy wrote: »

Hi, have worked in the stock market for 10 years, if I can be of help in answering questions please let me know! Paddy.

Hi Paddy,

I don't believe you.

Where "in the stock market" did you work?

Thanks

Daragh101

why dont you belive him?

Idu

Daragh101 wrote: »

why dont you belive him?

That's the third time he's been asked where he worked and he's yet to answer. Do you believe everything you read without a reliable source?

pirelli

Is Fyffes a worthwhile investment. Will it move anytime soon.

TTNYWWBM

pirelli wrote: »

Is Fyffes a worthwhile investment. Will it move anytime soon.

Hi Pirelli,

If you look at the past performance of Fyffes and Total Produce attached, in fact put a lot of companies graphs for the past year as overlays on top and you'll see similarities! Dips in March this year as the black pit of depression, and bumpy rises ever since.

This is not a joke when I say "gorillas will always eat bananas!" as it's quite apt here, Death and Taxes are lifes great constants, however so are many other markets, food being the obvious one?

Fyffes and TP I've dabbled in here and there, good companies, but a wise man said to me "which is better 3% in one day or 30% in 30 days? - You do the maths!* " Fyffes and similar are good dependable long term investments (purely in my opinion not as advice) but in there are quicker ways of making money if you have the time to play the market now in BOI and AIB. OMHO

SilverPaddy - without revealing your identity can you explain your 10 years experience. Personally I have invested off and on for 17 years and in the last 2 I have been almost a full time investor making our living, while still keeping a hand in my own company.

* Approx 1% a day accrued.

On the attached graph GREEN is Total Produce, Black is Fyffes, Red and Purple are Bollinger Bands Period 20 Dev 2.0

Daragh101

Idu wrote: »

That's the third time he's been asked where he worked and he's yet to answer. Do you believe everything you read without a reliable source?

well i was just wondering why because i wasnt sure myself!!

MrMatisse

Paddy,

Again, what sort of experience do you have?

Your responses will be more credible if you answer