"But whilst we've a gap here at 186.95 which may be filled fairly soon, I'd by no means rule out some gaps below being settled later, for eg. at 152.". Why do you TA guys always try to cover your a@@es? Its like saying.. 'It could go up.. or it could go down'. The more I listen to TA talk, the more convinced I am its all bullocks. And that you TA guys don't really believe your own BS.
I think this gets sticky around 176 and then 187 - surprised by the rate of the rise (always a good indicator to take profit!) pleased I sold out of BP after the rise and bought here 138-153 have recouped losses from last year now! Although haven't actually sold yet!
PP, Thanks. Comments appreciated. Main thing here is overall cumulative gains, accepting one never buys exact lows or sells the high. Whereas I'm glad to sit longer with real shares (for eg. my 164+ buy), I'm gladder still to lock in quick leveraged gains. Market will always provide fresh opps again later.
Also some added wariness with current market highs & recent strength of rise in banks. Markets are strong, but they're behaving almost like ALL of Brexit is priced in, including future complications before complete exit, or that it won't ever happen. IMO, both are risky assumptions.
Still I'm glad to see this over-shoot my latest sell price. But whilst we've a gap here at 186.95 which may be filled fairly soon, I'd by no means rule out some gaps below being settled later, for eg. at 152.
IMO, this bull will run a while longer. From self-interest, the higher it goes, the better. But I also anticipate a return to greater selling later & the bears to still have their day. Such is the market.
Regards & GL. - Catch all later as preparing to leave my desk a while.
Good to follow your deals, you seem to have a good system going on your cfds, not too greedy and making a profit overall ? I know you cant expect to win every deal but overall have you done ok. keep looking at cfds hovering got real barcs share 2.30 2.45 done a few deals to get average down but its hard work when you have to pay stamp duty !
Reasons: short-term target reached, locking in leveraged gains. Markets continue to look toppy, which doesn't assume retrace a given despite strong recent rises in banking, but still something to be wary of. Hence also booked good gains on LLOY's yesterday.
Also need to be out later today & plenty of exposure remaining in BARC with real shares at 164+, 204+ & 223+. The 164+ tranche for 180+ target, others for higher later.
Would re-buy leveraged long again if this retreats a bit under 170. - GLA.
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