RE: SLP vs JLP share priceToday 12:33
the sp should be exactly where it is. all of the investment world has access to everything that's out there and this is the conclusion the market has come to. a drop to the 200 day moving average (then at 6.5p) was always on the cards from the recent peak, the 1 year chart was absolutely clear on this when it peaked at 7.5p ish.
there is strong support from this moving average which is now at 6.6p and the sp is hanging onto it. the long term downtrend (remember that) which we broke out of on the last rise is now down at 6.1p to 6.3p depending on which line you choose (i know it can be vague can't it). when i was a forced seller due to my circumstances a couple of weeks ago at 7.35p, there was another asset i could have liquidated, but comparing the two charts it was obvious jlp was going to drop. i'm now in a position to buy some of my shares back and maybe all of them some time next week (need to check with the other half first and she's in surgery). my mind is a bit all over the place at the moment but was thinking of buying a first tranche about 6.4p if i can get them and then adding around what i hope will be the bottom over the next week, averaging in.
anyone else looked at the charts and indicators who could help me out - please, please no ****ging off or name calling - i've come on here to distract myself and don't need any more hassle. any positive help would be welcome.
(as an aside - chrome production and price is up and copper is being produced at an increased selling price, pgm down marginally - in terms of revenue(leon's favourite word) that's looking better but have folks factored in costs and thought about profit? from memory staff costs were up about 15% last year and fuel about 47% - just from memory, not lying if that's wrong, read it about a month ago.) the fuel costs are going to be addessed with solar on the waste rock project so these costs must be at the forefront of his mind.