The right moment for a Santa Rally?

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I topped up on some Game group. It is of course naïve to buy on the basis that some titles this Christmas are going to be the biggest on record, grossing more on launch than even Hollywood blockbuster Avatar, because retailers are out of fashion or more accurately reviled. However I can’t resist companies with billion plus sales and 2 PEs for little more than £25 million. For every one of these companies that go bust, 2 or 3 double or triple. That’s a percentage game I’ll play all day long.
Strictly speaking, I’m on holiday now, but have spent part of the day trawling ADVFN for candidates to buy. I’ve been using FilterX on the Fundamentals page, to screen and scan but have not come up with anything fresh.

© Image copyright tjeerd
Being an investor in the current climate is like being a grouse hunter in the off season. Its frustrating and frankly boring.

It is amazing to sort all companies over £100 million market cap by 5 years performance. Its not especially surprising to note that the credit crunch which is now into it 5th year isn’t very flattering to most long term stock performances. Long term investing lives, but buy and hold must be considered dead and buried by the last decade.

Meanwhile the FTSE is trying to give us a Santa Rally but it still doesn’t feel like the right moment to jump in. 2012 may well prove different, but timing, the hardest of all market skills, will be everything.

With a bit of luck, my Christmas holiday will see me finish my fourth thriller “The First Horseman,” but there is still 30,000 words to go. I better get typing before the festivities break out.

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