Do not presume that I do not understand technical analysis, I understand as an investor of over 40 years what everything means my friend. Macd may be in negative territory but if everybody invested according to that we would all be rich. As an accountant of long standing I make judgements with caution and am not inclined to lose hard earned money. Do you think that HG doesn't care a hoot?.....I am sure she would love to hear that!, why don't you tweet her, she would certainly reply with force.................some people amaze me with their comments!!
Before you start criticising board members comments, why don't you go read some books on technical analysis?Do you really think a CEO would give a toot about a 20-30 short term move of the share price? I'm sure Puffy will enlighten us but let me reiterate Puffy's comments since it's obviously not clear. He thinks, fundamentally, Cook is a solid share to invest in. Whilst only 20% gains over near term (it has trended sideways last few months) room to break over 200p in H2 on fundamentals alone. On the technicals and short term, no share goes up or down in a straight line. Open up any charting tool, pro real time for example. On the 3m - macd is still in negative territory and just below it's signal line, on the RSI it's right smack in the middle. Since you don't know what that means, get googling. As Puffy said could go either way at moment and if it's down it will test low 170 high 160's (hint: graphs are great for drawing support/resistance lines). If you want to sell on the dip, in the 160's please do so, I will happily buy up your shares.The S&P has tested it's support level and bounced but could retest again today. US unemployment claims out at 8:30am CET. Watch the market response both in US and here on FTSE at that time. Since here in UK FTSE broadly follows the DJIA, S&P and it's technicals point to a similar position. As Puffy said we're also nearing earnings season which is always a load of fun. This week has been interesting and next few weeks as we head into earning season. I for one welcome Puffy's technical comments.
In reply to Puffy...................you are just re-iterating only what you have read......what you have said is common knowledge, don't profess to know what you are talking about!.....I have followed HG for a number of years and she does not sit on her laurels. The general info on the market will have been digested by her and I have no doubt plans will have been put in motion to counteract the downward views by the professionals. Market sentiment does not bother me, I look at the CEO and view her views much more stable. I have already said that if the SP drops to 1.60 I will sell, unfortunately I took my eye off the ball and forgot to realise HG has her finger on the pulse and instantly regretted what that statement meant. If everybody had more faith HG then there would be no worries, I am looking at £2 + before June.
Cheers puffy, I've stuck with it so far so I'll stay put for now. Not really interested what it does on a daily,weekly basis, although disheartening as it is sometimes, it's long term I'm interested in as just 20% from here would be more than enough by year end for me.
As frustrating as it is sometimes, attempting to sell and by lower then watch it rise while your out would be even more frustrating I guess.
Many thanks for your reply and oh...try not to leave it so long in between posts please, I'm certainly grateful for the informative posts from yourself, Mogie etc.
Hi cat, my best bet is it'll hit high 160s/low 170s before shifting from oversold. Right now it's in between, on the fence if you will. Today's intraday 181.50 is a good example that the bulls are not in charge.
My 31 December 225.7p remains.
From 31/12/2013 close it is a YoY cap growth of 35%. From today's price 26.4% and from 12 month 189.7 high 19%. Not much really and I am sure we'll see >225.7p intraday highs in H2.
Numbers will start to flow in from May and my near term of ~194 has not moved.
Everything is moving a little slower here in Q1/beginning Q2 because of subdued data and much needed profit taking from 2013 winners. After US tax year finishes on 16 April is usually when things pick up (provided earnings season is satisfactory/not too crappy).
I never understand why people dump something just because it trades sideways for a month or two, then frantically tries to get in at a rubbish average when it starts moving again, nothing has changed with this one, then I remember the stock market is just a mechanism for moving money from the impatient to the patient.
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