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its starting to look like a reversal now on nasdaq, but as always could be wrong, its early yet
I dont disagree stevie, just wondered ;) 90 is playing hard ball at the mo, looking like a worn out friday
is that reverse psychology, or has your analysis led you to that conclusion :)
can't see it making 600 in the next couple of weeks . . . . ;)
so you not selling at 520 anymore?
Our £5 for the bank hol weekend as predicted , should hover here before next move up , well that is my plan lol
so whats cramer saying? "GW Pharmaceuticals: "GW Pharma is incredibly speculative. This is a play on the ultimate legalization of pure marijuana as a drug. I have liked it as a spec. but understand that this is not a market that is favorable to speculation."" great timing cramer, http://www.cnbc.com/2016/05/26/cramer-my-speculative-play-on-pot.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=103669466
so whats cramer saying? "GW Pharmaceuticals: "GW Pharma is incredibly speculative. This is a play on the ultimate legalization of pure marijuana as a drug. I have liked it as a spec. but understand that this is not a market that is favorable to speculation."" great timing cramer, http://www.cnbc.com/2016/05/26/cramer-my-speculative-play-on-pot.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=103669466
here you go, read that, then tell us how it works, im not a city boy. http://www.theel1tetrader.com/2013/01/lse-closing-auction-how-it-works.html
what you are seeing is the market makers auction, i dont understand how it works tbh, but there are always wide spreads, i would love to spend a day with a market maker, i cant really find any info on how they work.
LSE is funny sometimes. Looking now it says BID 529 and ASK 503.5. Imagine if that was the case; buy sell buy sell all day as many shares as possible and pocket 25.5p per share bought/sold. Still, looks like we are closing at 504 which is a blue day. All good. More tomorrow pls....
very slim chance of us not dropping now..imo
ftse looking weak...
one market crashes, all markets crash, just like the china thing, so it matters not about the BoE, most of the traders on the US cnbc say fed rate hikes are not priced in, we will have to wait and see though. it could all be scaremongering.
Well, I don't know too much about the Fed, but I would be very surprised to see the BoE raise rates here his year. (Although I guess once the US does it we'll probably follow suit however later on). But looking around in the City I don't see that it necessarily follows that a Rate hike would lead to a Market Downturn. Most of the Multi-Nationals here trade primarily in FI, so any rise in base Rates would have a positive impact to the P&L. Still, who knows how markets work really? 14 years experience working in them and I ain't figured 'em out yet.. ... Que sera, sera....
i agree DRichi, no one other than the mail has mentioned the 28th, and its a saturday which makes no sense. trigger could be oil hitting $52, but without a clear idea about brexit and fed rate hikes it would be pure speculation. it is a fact that the markets have not priced in two rate hikes this year because traders dont believe it will happen, so we will have to contend that a drop is likely at some point for the markets unless the feds are just all hot air.
I don't think that any serious or respectable commentator has predicted a crash soon, let alone being so specific as naming the date. Out of interest though, why 28th? Is that when Hodgson decides on the final 23? Anyway, Re: Wider Market- nothing much can happen till 23rd June anyway. Then hopefully everybody is smart enough to vote Stay, and our economy can kick-on after that… Nice to see GWP holding above £5. Looks like our speculation a week ago was right (so far anyway), hope she stays over £5 and kicks-on a bit…..
this just reminded me of the crash prediction for the 28th, http://www.bbc.co.uk/news/business-36386626 what do you think guys, will we wake up tuesday to find the markets crashing?
I'm looking for it to hold 495, even better if it holds over 500. have to watch the markets for clues today.
lol his investments' looking safer . . . says towards the end that Insys may have the advantage ! re. mass roots nasdaq rejection : http://stocknewsnow.com/commentary/ANEWSID24052016100002/WSV-MicroCap-Investing-in-Cannabis-Update-Alan-Brochstein
even todd seems to of had a slight change of heart.. http://www.fool.com/investing/2016/05/24/this-marijuana-stock-takes-a-step-forward.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2
that end bit sounds wrong, so let me elaborate.. we were in a tight ascending range which was good, but limiting, we have now broken through that range, which is a bullish move, and if we crack 92 i will be a very happy bunny ;)
well that is still possible, as we are in the overbought range, but if the markets continue to rally hopefully that wont happen, 92 is resistance, and we need 86-88 as support to keep us in the up trend that we just broke out from.
I was waiting for 5. 20 looks like not gonna happen yet , last time it sank from here back to 440 ish
yep ,i'm holding all the way, as long as the pull back bounces off 86-88, we are golden