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.
ichimokutrader.com have LOGP as a Strong Bear since the 4th February on their Ichimoku Kinko Hyo chart.
However I'm still hopeful that LOGP is at or near it's bottom. Today the LOGP sp dropped marginally below the lower Bollinger Band, but it did so on low volume so it's likely that todays fall is only transitory and that the sp will be back within the BB's very soon.
However back in 2011 and 2012 the LOGP sp went below the 200 day EMA temporarily and each time the sp bounced back and approximately doubled each time in the short term. Whether history will repeat itself again in the short term is anyones guess. I'm still hopeful of a good rise from here on the release of the Barryroe CPR, but of course I have no inside knowledge so it's only a gut feeling.
come on, stop kicking someone seemingly posting useful info. are you in here? if not are you shorting this and genuinely expecting it to continue falling? if yes when do you reckon it will stop and sp start increasing again?
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