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Investec plc will be a good tits up 20% :P
You make me laugh :) love it
The Sp imo is ridiculous should be much higher.. but I will ride the waves till this has got to its port!
Had a cursory glance at Investec. The CEO's parents had a sense of humour didn't they? As if having a child bearing the family surname of Titi wasn't bad enough I just can't believe they went and christened him with the forename Fani.
So the CEO is a Mr Fani Titi.
Just imagine you're on a visit to Investec's HQ and you want to conclude a services deal at the highest level and you approach the desk in the lobby:
Hello, I have an appointment with your CEO today, Mr Titi.
-Oh we're a company that believes in opportunity for all and everyone is on first name terms here, so you'll be wanting to see Fani then?
That's right won't take long just a bit of time.
The conseirge turns and shouts "Anyone seen anything of Fanni? This gentleman says he only wants to see a bit of Fani so if in a meeting it's okay to interrupt.
There's no answer. And you then ask:
Look I've never met him before so I'm uncomfortable addressing him for the first time by his forename would he mind if I called him Mr Titi initially?
The bored concierge once again shouts out:
- He's changed his mind. He doesn't want a bit of Fani now, he's a Titi man, anyone seen anything of Titi?
Haha Velo ;)
Now. How are we all feeling about this SP?
Hahahh .. tip for today Investec plc :P
"I have nearly 1m shares"
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I am a former Nigerian government finance minister and am looking to deposit £10 million in a British Bank account for which I am willing to pay you 10% of that amount for furnishing me with your account details in order for me to deposit the £10 million into your account and.......
"I have nearly 1m shares "
- Gulp! Bl@@dy L!
I've got shares I follow waiting to buy into, that have been overbought on RSI of 70+ for over a month, if the fundamentals are right they can stay this way look at ATYM as one example. I've said for a while to many people I know, this is generating $40-50m in free cash and worth an easy 80+p. I have nearly 1m shares and would not invest on that scale without weeks and weeks of digging and being sure there was 100% to be made at 38p-40p. Its been a slow starter but its moving now.
If you are seeing a daily RSI at 70 as overbought, a look back at previous sustained periods of this share being overbought are when the price experiences steady or high gains (ie Jan/Feb this year and last July). Such periods are an indicator to many buyers to step in
" Time nearly up velo! Stick or twist!? "
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Proper answer: 56 is only the % increase for the month END.
In between, throughout August the SP could go sky high or down into the dungeons, so 56 was a guesstimate of the wacky seasonal chart findings.
So as long as the SP stays north of 56 and trends stay bullish the decision is to hold until month end.
- But should it rise significantly above 56 I will be forced to act on any pullback down towards 56.
Ha! hee hee, no early decision yet. Need to run and errand so what's the betting it'll hit 56 when I'm out, no doubt? LOL!
Right now it's just stepped on to the border of overbought territory, although not as terminal this time, but still it's a warning shot across the bows.
So, no pressure then :)
Decisions, decisions, decisions.
Interim: Following the trend as it hasn't crossed 56 yet.
Time nearly up velo! Stick or twist!?
Can't resist a little top slice ....even though this should be way above 70p ....
Velo my good friend, I posed the question as I knew exactly what you were thinking.... :)
Stoodio, you just caught me self admiring my holding page on SLP showing my profit. I was holding the phone this way and that, oohing and ahhing at the size of the profit. Most on here have been in profit all the time. But I've only just entered the profit zone and your question is the very take-a-look-in-the-mirror question I've just challenged myself with.
I can practically anticipate my likely behaviour as I fight with declining self discipline if it gets to 56p early, s/discipline would start to crumble. I'd say the trend is still up, so hang on. What does it matter whether I sell or not if Aug is right and autumn is right then it's likely that Jan and Feb will be right too, so why put myself through a gamble?
- and that's when the discipline crumbles away. We'll just have to see. All my problems have been self identified around self discipline and thinking I can forecast the next move of trends instead of following them after the fact.
Velo, this is looking good abd we’re drawing rather close to your 56p. My question is, if it hits today or next week; what’s your next move ? :) Winky face ;)
" The only question is whether it indicates gold is over-priced or.."
- I'm not a gold bug afficiando, but IMO gold is overbought and due quite a pullback. Can calculate likely dates from it's chart but in general not a rare metals man.
But for fun when I get a clear 'traditional' signal from the charts I may/ may not drop a post of the gold pullback commencement when I think it is days away from getting underway as a counter to the opinion that it is the only safe place and other posts highlighting experts saying gold may even be under valued.
Just my opinion but I believe gold is way, way, overbought and will almost certainly experience a pullback sooner rather than later IMO only. Evidence? Basing my assumption purely on technicals and chart behaviour.
There's another chart on that page which gives a good indication of how under valued gold is now and which is why many expect gold to go to $3000/oz
https://www.macrotrends.net/1486/fed-balance-sheet-vs-gold-price
That's a great chart. The only question is whether it indicates gold is over-priced or platinum under-priced. Looking at what happened to Platinum in 2008 makes me pretty nervous about my now very substantial holding in Centamin.
A poster on the other board picked up my post about the long term ratio of platinum to gold being about 1.3:1 (with +0.6 correlation), and put up a link to this chart:
https://www.macrotrends.net/2541/platinum-prices-vs-gold-prices
Essentially, the Pt-Au ratio is at an historical extreme right now. And extremes do often tend to revert to the mean...
(I can think of plenty of other good arguments for investing in PGMs, but (IMO) this is worth bearing in mind!