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30m trade ? Some big boy moves afoot
Some people got fleeced yesterday afternoon and allowed a large buy order to be filled... onwards to 540 and close the gap...
Good job Gary, but you can do a little bit of trading while waiting for the next dividend too. Of course it's a risk for selling if your timing is wrong though. So, I am still learning my day trading skills. Just took profit again before closing and made only £216 this time. Will buy them back again tomorrow if the price is right....hahahaha..
Yes SIDI & Nervous a profit is a profit. I purchased 1,004 of these babies this morning at £5.13 & my folio is now showing at close of play today a healthy £42.01 profit after expenses. I won't be selling any time soon as I'm here for the + 10% dividend. God I love the stock market!! Good luck all.
Lol yes, I am trading mainly with my ISA account. My trading account so far for this year from April 6 already made over £2700 profit, nearing to the max CGT allowance. The rest are in my ISA account, up to now just made over £13k of profit. So, there will be no tax liability so far, but still 11 months to go yet for the current financial year. To avoid CGT, I may have stop trading with my trading account.😂😂😂
I'm with you SIDI. A profit is a profit. After fees/spread/taxes still over 3% assuming you have a reasonable number. I'd take that all day long. Just unfortunate for me I was not able to sell on Friday.
Then compound tax free for ever more in the ISA. Love it.
Well, I am a part-time day trader. Only make small profit every time. 😂😂😂
Well that wasn't that lucrative given the spread and tax etc ..
Bought my shares back at 506 after selling them at 524.4 last week. I knew it would fall back after a sudden spike. They usually/always do.
Its about the only one going the wrong way. i think by this afternoon it will correct. a bit more negative insight and updates on the economies and shares will be up and away as QE gets closer, interest rate reduction!! the irony that this market now represents free/cheap money rather than actual economics
Otherwise, I think DramChart is right with his algorythem theory. It is interesting that the sudden rise in the share price did not occur until a few hours after the major buy.
Probably nothing more than some good old fashioned manipulation.
In the absence of new, I'm beginning to suspect phat fingers or algos responding to the 200-day moving average. But I'm holding long term for the divi and would be happy to top up again below 480 :)
Pump and dump, somebody is making good money out of these shares!!!
Perhaps a bit more of a drop first for those of us who want to replenish what we sold.
That's the traders and news speculators out of it. hope for steady rise from here now
Early doors..... oh er ! :)
Lol yes. Not the phrase I would have used.
But je suis ready. We have had a golden "once in multi-decade" opportunity to build up a Portfolio of UK Stocks and lock in superb Yields. Blue chips such as PHNX. BATS, LGEN, IMB, HSBA and others, that offer between 8-10% yields. Thank you very much, Mr. Market.
A ticking time bomb?
Sean1986 agree 100 %
I think a lot of Friday was to do with several factors.
The £250,000,000 debt reduction in on go was significant, not just because it saves interest but it also proves PHNX is generating the cash to do so, and pay the dividend. Algos take time to reflect these facts, hence the delay.
Other factors include the US starting to notice the bargains here. PHNX is a small fish to the US funds, and if it is eaten up it may be that the shares are bought by cash generating funds to supplement growth.
We are sat on a ticking time bomb, let’s hope we are ready.
Agree someone is happy to buy some £ 50M/10m worth of shares either they know something or they covering their shorts..
I'm hoping to see 530 Tuesday...
Still no logical reason for that huge 13m of traded shares last Friday?
GLG increased their short on 2nd May. Ouch!
Trek
Thanks Slikoil and bro-ken-broker for advice re reducing the adverts on here and I'll try your suggestions later. I don't get them on my laptop, which I'm currently on, because I've "Ghostery Tracker Ad Blocker" Chrome Extension blocking the adverts, but this and similar others don't work for smart phones !! And I'm not paying to block them !!
Looking forward to see what happens with PHNX tomorrow re why large price rise 3/5/24 and what if any action our Shorters take !!