lander wont post his charts that show LOGP is "not going anywhere positive without news,its drifting negatively". but I suspect that this linear LOGP chart is one of his charts. It shows an uptrend going back to the start of 2011. However the spike up in early 2012 fell short of testing the resistance of the upper trend line before peaking and falling back to test the lower uptrend line as support at circa 30p in the summer of 2012. Now it's not impossible that the LOGP sp does a similar thing this March and fails to fall back to test the lower uptrend line as support NOT LEAST because these trend lines only exist because of the 30p low of the summer of 2012 and the following high of circa 65p a few weeks later.
This might be another of his charts which shows LOGP in a shorter term downtrend. If this downtrend continues then LOGP could end up below 40p. However trends such as these don't last forever. News this month could easily change the direction of the LOGP sp. Unless PVR put back the Barryroe CPR we are assured of news this month and I expect this downtrend to be reversed. I'm tending to go against the majority of the LOGP charts, such as ichimoku. Only time will tell whether I have made the right decision or not.
Interesting charts, another perspective. I'm still holding. Sliced 5 per cent last summer. I hope your charts and possible further retraces don't happen. Looked at LRL a while back, can't remember why I didn't buy, will have another look. But holding here for next news flow. Good luck
Unfortunately trend lines are often broken. Take this LOGP linear chart. You can see that the LOGP sp dropped below the trend line shown on the chart in early summer 2012 and then rose to re-test that trend line as resistance before falling back to circa 30p. That didn't stop the LOGP sp from then more than doubling in less than a month!!
I must admit that I haven't as many LOGP shares as I did some months ago. I have reduced my exposure to LOGP by half. My largest holding now is LRL. All my charts look very positive for LRL as do the fundamentals.
I'm continuing to hold LOGP, but might reduce further still, perhaps down to zero if the 50 and 100 day EMA's drop below the 200 day EMA.
Unlike lander I don't moan and gripe about LOGP. No one forced me to buy the shares. If my opinion changes I will sell. End of story. No sour grapes from me. Please note lander
previous sp movements wont necessarily be repeated but given sp movements in days before previous rns', and provided it is good news! when it comes im sure we will be back at 60p plus in no time. also remember ii's bought in not so long ago at 55p and im certain they will have seen a lot of info before they committed at that price
im in general agreement with both of you. yes last few months has been disappointing but there is surely a lot of info due which could come in chunks or as 1 big rns. my problem is i dont want to be out and miss it. im now resigned to holding pending news updates.
Well lets see your charts then!! I've posted mine and also posted a contrary view to mine from ichimokutrader.com
Of course the LOGP sp is news driven. You would have to be a complete fool to believe otherwise. However I would hope for some kind of rise in anticipation/speculation of good news coming soon. Good (or possibly bad news) could come at any time. Today is the 11th. PVR has said the Barryroe CPR will be issued before the 31st March. Perhaps the CPR is delayed. If not then it will be issued sometime during the next 3 weeks. City traders often get wind of when an RNS is about to be released so I would expect an increase in volume a day or 2 before the RNS is released.
VOLUME is the most important indicator, IMO, lander and LOGP has been drifting down/sideways on very low volume. Lets reserve judgement on whether my opinion is right or wrong until when the volume significantly increases.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.