Richard, my friend, if you think using the word "poppycock" constitutes "abusive language" and undermines my credibility, then you really do need to get out more! And gloating about the accuracy of your predictions and constantly posting in a smug, know-it-all tone is equally a good way to repel people!
"be aware that today everyone has much more info to hand than even the elite fund managers of the 1980s".
This is soooo true. Was thinking about it as I read off charts for RMG (and some other stuff, in nanoseconds). Charts had to be paid for in the 1980's and posted on to you!
We are indeed truly blessed with the abundance of freely available information compared to then, but then again so is the whole world today, so it's back to a level playing field. It's like having guns when past generations only had bows and arrows. You've got to be able to time travel with all your gear, to get an edge :)
dfslicker - I'm not denying the bear signals generated against RMG are quite powerful and sustained, at the moment, so my hoping the bottom has hoved into sight is a fingers crossed estimation. But low 390's is a helluva good place to hide out in until recovery..
MACD not offering much comfort either.
It's not over yet. And the fat lady stage singer is not even on stage either, let alone start singing.
just because one person tries something and fails doesnt mean others will.
with any share, a lot of the time you cannot predict anything. but there are certain times when you can predict.
there is always uncertainty and chaos, eg the BP oil spill, but even with that one needed to sell ASAP.
as regards your anecdote, be aware that today everyone has much more info to hand than even the elite fund managers of the 1980s. and in the 1920s of your anecdote things such as intraday graphs and the data of the specific trades was just not available. RNS also was unfeasible, in fact the transparency announces were only begun after the great crash. JFK's dad was brought in to reform the markets, he was an insider trader and brought in transparency rules, where big cumulative changes had to be announced publicly.
I have noted your post and will return to it when the time is relevant. eg I clearly cannot reply to your rejection of waiting till after the general election until after the general election.
feel free to test out my theory that ramping causes prices to plummet, and deramping escalates prices. some small print: people need to put money on your ramping/deramping, the hype on its own isnt enough, anyone can hype, but not anyone can hype successfully, ie convert the hype into money.
also there is a time delay, the rocketing/plummetting only occurs when the selling/buying reaches some tipping point. until the tipping point, the price will often be volatile near some limit.
you said the price would plummet because of your ramping at 5:34 am, well it did plummet from 398 to 390, which is some -2%, but I doubt it was because of your ramping. Your post lacks credibility because of the abusive language. You need to behave professionally if you want people to accept what you say, abusive language is a good way to repel people!
Bought in at 3.91, been watching all day has not moved much in either direction, could this be the bottom, only time will tell, got a lot riding on this share, last time i bought and sold i was down 600 pounds, so hopping its now time to get some back in return.
Just bought another share (which shall remnain nameless) and as I' was becoming familiarised to all the new stocks in my account, that I've added this past week, my eye was drawn to the almost constantly flashing SP change on RMG.
No Sooner dropping tp 391.9 than it instantly flipped back up 392. I watched this for as couple of minutes entranced, and then it settled at 391.9 for several seconds. As I reached to log out, the screen flicked back to 392.
Dare I say it? Touch the wooden table as I do, then -does 391 look like the bottom? Because as soon as it's available at that price, people start buying it. (Which begs the question - so who's selling at 392's?)
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