Xcite Energy Share Chat (XEL)

I like his videos etc... but surely as a chartist you have to consider the fundamentals as well. As you rightly said the slip is due to production in 2015 - that is a fundamental consideration not a TA consideration.

Like wise the reserves upgrade will effect the TA etc etc etc

Zak Mir is a professional chartist so his interpretation does carry some weight when considering price movements and predictions. Since most automated trades rely on chart data to predict and place trades it is likely that the price will move in the direction he has suggested. I know holders will oppose his views purely because it goes against what their 'emotions' tell them.

The hard reality is that the BoD are responsible for the SP as it is now. I have no doubt that we would have been in the 140p region or higher had they not changed the production date to 2015. Most people would have had no problem with waiting until end of this year or middle of next year, but now the goal posts have been moved another couple of years.

This change in timescale has delayed the uptake of shares by institutions and ultimately will depress the sp for a while yet. No ii will want to lock up their cash for 3-4 years without a return.

Earlier - could see a late report trade, which will now show as a sell ???

http://www.spreadbetmagazine.com/blog/zak-mir-xel-milk-snatching-the-heckler.html

He has still failed to acknowledge thought that the TA playing field has been rather changed for XEL since the RAR update, and whilst he is quite right in saying that when supports are broken there is likely to be a downside, he fails to mention that the old channels and supports were based on the companies old data, so we are essentially starting from scratch IMO.

Still a good read for a Friday chuckle

Thank you mm's for putting the price up today :)
(sick of hearing comments how it is their fault when the prices go down)

GLA and a happy "bonking" weekend!

Milchirs has this one nailed on so far - did not see you call 98p for this Friday so apologies, but you are down for that next week GL

I guess it has to close first...I'm getting all carried away...I'm nearly as cheery as you!

Predictions, who was closest?

I'm off for a week, so I know it will torture me all week.

I'm going for 98 AGAIN for close next Friday!

cheers you to and with a bit of luck the XEL show can get on the road over the coming weeks

lol, job for life. Yes we are boring in comparision.... Sounds as if you have a lovely weekend ahead, enjoy !