Avanti Comm. Share Chat (AVN)

pretty sure they were saying 360 a couple of weeks ago, this guy is tom winnifrith's pal, so no surprise he is also bullish.

anyway they stole my 380 number :(

Satellite operator Avanti Communications is one of those companies that clearly divides traders and investors right down the middle. This point is illustrated in the wake of the February update where the group delivered deeper losses for the half year, but promised to be cash flow positive in H2. I have to confess that while the promise of jam tomorrow may be all well and good, it is the charting position that really makes the shares a buy currently.

The usual rule as far as chart configurations is that the best moves to the upside usually stem from an unfilled gap to the upside, with this frequently occurring near or through a key moving average. In the case of Avanti it was February’s unfilled gap to the upside through 260p which did the job for the stock, with the story since then being that of consolidation of the move within a flag formation. So far the floor of the flag has come in at 280p plus, with the message being that while there is no end of day close back below this level we can regard the stock as having the most bullish of prospects – waiting on a fresh leg to the upside.

The situation is complicated just a little by the presence of the black 200 day moving average currently at 302p around which the shares have been whipping around quite wildly, but the overall flag argument is so far intact. Indeed, the suggestion currently is that we would have a decent momentum buy opportunity for a 380p target at the top of a rising trend channel from December he next time the shares clear the flag top at 320p. Ideally, the consolidation would end and 380p would be hit by the end of June.

nice top up price wayodi

agree this consolidation is taking a long time, it will be interesting if we can close above 305 today and retain this tiny upwards trend that has started to form.

patience all, there are many stocks going downwards on aim and it might be boring to stay at the same level for a few months but i'd rather that than the 'excitement' of a drop.

Just topped up with 1,931 shares at 299.5 .. keeping an eye on next two weeks on interim statement with a steady rise to 340-360

Is the company still in business? You could be forgiven for asking . The SP is being bounced like a tennis ball before the first service . Oh for some action!

I don't think the competition is boring per se, it's the share that is boring as it is going precisely nowhere !

I am beginning to think that I may have over estimated somewhat!!
Although it is possible for the SP to jump to 343 by close of business tomorrow!
I think this competition is boarding now, we need new ideas, how about the minimum and maximum the share price reaches in a month? Any ideas?

looking rather good for Bordersman - a 5% rise tomorrow would turn it for the boule player though!!

Yes, momochi, but the 4 x 320s cancel each other, and what's going on anyway their Ask shows 296 and the Bid's HIGHER at 304! More Day release, work /experience trainees?? Despite that, all the better that Gambit managed a mini 'coup' - lowering his Total price per share, AND slightly increasing his holding at the same time! Cautionary Note: Toying with ones main interest is not generally recommended for the reasons stated, far better to have other, short term 'eggs' .that can be redeployed when profitable, creating 'cheap' money for the main interest ....IMHO.