Buying into London business

My trade this week is to buy Workspace Group a leading provider of commercial office and industrial space in London. Although I have in recent times been a property bear, the graph of this share price is compelling:

  • steady upwards progress

  • the ma20 is above the ma50

  • it is trending upwards

2015 02 01 Workspace Group

My concern is that this trend has been going well for the past 2.5 yrs - is it peaking? Of course, I don't know. My only consolation is that the trend has not been parabolic, in which case I would pass it by. High prices can go higher.... I will set my stop just below the ma50, and see what happens as the months go by.

If you are interested in other trades that I considered this week watch this video (7mins).

If you are interested in my views on the market then look at this video (6 mins).

There is a video here discussing my open positions (6 mins)


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