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That's alright Stoodio. I hit the road next Tuesday so probably my last post for a week and a half after next Tuesday, so might as well finish off. (Can read, but will only be free late in evenings, but unlikely to post anything useful.).
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First off, Long term trends are all good and that's all that matters - as everything below intermediate I regard as compromised until further notice.
Interesting side note -
The day's price action has closed on a very bullish candlestick and even if you don't read candlesticks the bare data is plain bullish, but taking out 66 from this morning and putting the pre-66 price in, and it's 100% different. NOT a bullish day, but between neutral and bearish. Hmmm.
All trends are bullishly up, so that's what I'm compelled to say.
Monday's intraday pivot points, not joyful looking, in fact they look tired to me and support the view that today's price action is not all it seems and are a bit 'neutral-ish'.
So, on the face of it, bullish going into Monday but won't be surprised at all if Monday turns out bearish.
Best to hold no firm opinions and just keep an open mind for Monday. Could go either way.
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SLP Currently -
Price to 200 day ma trend .= BULLISH!
Long term trends . . . . . . . . = BULLISH
Medium term trend . . . . . .= BULLISH
Intermediate trend . . . . . . = BULLISH
Short term trend . . . . . . . . = BULLISH
Ultra-short term trend . . . . = BULLISH
You’ve already given enough velo it’s the weekend relax and enjoy :)
At last 69 close! Took your time LSE. It was showing 69 everywhere but 68.5 here. And on tonight's closing compromised data is a bullish close achieving the first intraday resistance level.
Prior to this it was always hopping over and sitting up in the next one. Got some stuff to do but will finally respond to Stoodio's request for the full week's perfomance later tonight.
" Velo, obviously in respect of the below one mans change and all that, so it's obviously subjective :) "
Appreciated, but I've been doing a lot of navel gazing over my own investing recently. And by focussing on safety first, I've moved too far away from risk.
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" and I'm intrigued to know what your computers tell you regarding this weeks action "
I reacted badly in the minutes 52 was on the screen, and the sudden drop to 66. A loss of control seeped through my psyche. Control is an illusion, but still I reacted badly to it. All accepted now, but it rankles. If price moves dramatically like that, then it should (later) be reflected in volume too. I accept the mantra that "price precedes volume". Many say no human judgement can match the uber powerful algo bots employed by the big companies - and that's true.
But I like to quietly boast I can see the effects of what they've been up to on the variety of longer term trend lines I deploy. And also through volume. Volume plays can be manipulated but the beasts of the investing world are highly visible in volume.
I also use a little metric known as the "accumulation/distribution" metric which measures volume but doesn't resemble traditional volume's up's and down's.
I've always found it tells the 'truth' for that particular job in isolation. The original specialist designer gurus even claim it can be predictive, 'appearing' to pick up, off book movements yet to be registered. I've often seen it soar skywards on a poorly performing SP for days, week/s even, and I'm thinking tsk! Piece of rubbish - only for that stock's SP to unaccountably shoot up several days later, with no results or major news.
And all through 52 and 66 it kept on rising, suggesting volume was being accumulated somewhere. So was the sudden screen 52 and 66 something new that outwitted that metric? Or was that metric being truthful and volume was increasing despite 52 and 66 saying "Ha, ha, you've lost it mate"?
Suggesting that something we are unaware of, is going on behind the scenes, judging by today's bullish performance, which based on the compromised data was showing as another achievement in cracking another intraday resistance, but is coming off that and looking like entering the neutral area . The long term trends can not and never will be denied, they regard this as mere noise as all trends are pointing northwards Ho! and match the balance sheet fundamentals beautifully,
Don't think tonight's close will be any use to you, as that 66 is in the system and has compromised the lot. Monday's close will be a different kettle of fish, because 66 will be bled out, but I need each day's open to get any traction and the highly dubious 66 is showing as this morning's open as well as last night's close!
Is it manipulation to 'blind' all attempts at tea leaf reading by fking them up? Is that how good the operators of these algo/bots are getting? I'm not having it that they were b
Velo, obviously in respect of the below one mans change and all that, so it's obviously subjective :) It was enough for me to consider how much of the company I actually owned early this year though, having not really given it a thought prior!
In other talk, this had better finish above 70p please, and I'm intrigued to know what your computers tell you regarding this weeks action at some point, cold one on me in future as previously promised :)
Thanks for replying Stoodio. Interesting.
I think your strategy is a bloody good one. I just see very few downsides here, I really do. There’s risk of course, but no less risk than J-walking on Regent street.
Sure Velo no big deal, it was the latter :)
" SLP is my largest holding by a country mile and ..."
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Stoodio - as this is a public forum please don't mention actual amounts or £££'s & pence etc., but may I ask you:
- Is it your largest holding because you initially invested a modest amount that has since grown exponentially over the years to its current valuation or did you invest a seriously substantial amount in the first place?
I ask, because accumulatively, by this year end I intend this stock to become my largest holding by two country miles :)
- but it won't all be from profitable exponential growth, but large infusions of funds, not enough to cause me sleepless nights, but a decent enough slab of funds.
Don't reply if you feel uncomfortable with my question, as we now know for a fact that there's people we never dreamed would have, who read our posts.
" Hi Velo, absolutely amigo was all a load or rather bizarre rubbish! Or was it? No idea honestly but hopefully a finish above 70p is in order! "
Hi Stoodio,
There's "damage" everywhere due to that 66 closing mid price.
My chart platforms are showing a % rise from 66 to the current price now - as they all are on various sites around the world.
And some sites that I check to see if they are similar to some of my personal assessments (USA based sites) are still showing 66 this morning.
I am NOT convinced it was a mere glitch. Nor am I convinced the results day intraday flash-crash low of 52 was a glitch either.
I DO however, believe they are connected. This is AIM the home of such notorious goings on.
On the other hand, they do add to my assertion of a lacklustre performance of these upcoming autumn month-endings that may somehow, materialise out of nowhere at the 11th hour.
We're all entitled to the odd conspiracy theory here and there. It keeps you sane in inexplicable situations :)
Hahaha Velo, hilarious broseph!
It's funny how you form opinions on people - I try to refrain from all that and honestly just wish myself, and everyone else good tidings :)
SLP is my largest holding by a country mile and admittedly I check in here all too often. I talk to myself mostly here as I said just to keep the board going. That said, there's certainly a few more holders out the closet in 2020 than ever before. Great stuff :)
Being a Jerseyman myself I know a fair few hedge fund managers! A funny old game that :)
Trading haha. I know my strengths and my weaknesses. Trading aint for me!
Buys at 70p here... come on princess SLP lets all head into the weekend happy please :)
" Bangrak, words are hollow on boards, but if you're referring to me in your post, as much as I'd like to be able to, I'm not a trader whatsoever "
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Hee hee Stoodio, I bet there was a dozen or so posters also thinking the same:
Does he mean me?
I thought he was aiming at me too; so thanks for taking the hit :)
In fact, I bet it's easier to count the posters who knew for sure he didn't mean them.
And who's saying the original poster is any more accurate than anyone else in assessing situations?
Anyway, some way to go before you match one of my accusers -
I was once accused of being nothing more than the frontman for a multi billion hedge fund operating out of New York. I was going to reply, but he had his compelling "evidence" so let the accusation lie there, as everyone is entitled to their opinions :) :) :)
Besides there's bad - and then there's real bad. What would you prefer to be accused of: a two-bit criminal, or a matermind criminal straddling the underworld?
I rather fancied being called the frontman of a multi billion dollar hedge fund. My accuser who was serious, must at least have seen potential in me LOL!
Yeah I could do that job - if I wanted, it's just that I'm too busy, but I could yeah, run a hedge fund!
(Head supported in hand whilst off daydreaming for 5 minutes)
toptiger, very high buying volume here today now outweighing sells by 13:1. Decent chunks too, all good in the hood :)
lots of 50k buys today, unless there is a big seller in background, not sure what is holding the price back ?
of course maybe few are reluctant because of the "6 %" rise which due to that crazy 66p close isnt a rise at all.....
Buys streaming in and still outweighing sells by 10:1. They cannot possibly hold this from moving up to a 70+ finish surely. Would be nice :)
Buys streaming in here, and outweighing sells 10:1 currently!
The margin % pread is creeping up once again. Almost 3% !
Hi Velo, absolutely amigo was all a load or rather bizarre rubbish! Or was it? No idea honestly but hopefully a finish above 70p is in order!
Bangrak, words are hollow on boards, but if you're referring to me in your post, as much as I'd like to be able to, I'm not a trader whatsoever. Never have a never will trade a stock as I know NOTHING about the discipline and f**k all about charts - sometimes they look pretty, that's my limit or knowledge on them!! I only ever purchase stock for a mid to long term hold. But absolutely you're right, even I myself have been watching and commenting on the macro movement with SLP, frankly out of sheer boredom! Along with doing my best to keep the conversation going :)
Well what a carry on!
Was seeing 66 from my usual sources whilst others were posting the correct situation on here. Confused I did a brokers dummy price entry (no mid prices with HL) and they showed the 69/70 split. So went racing back to my price only sources and now they too were in synch with all mention if 66 as a mid price gone!
Think the whole thing has messed up my spreadsheets etc., so tonight's close may well get things back on track.