Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
good start to week ,like a blue start to week
Give it a go, it really helps to understand the market better - you look at all the bids waiting and see lots lined up, even tells you on some of the bids which finance company is putting the bid in, really interesting. Even if you run it for a month worth it just to see what level 2 is about and if it’s for you.
I hope we get some good news this on BUR this week.
TWT - Thanks. LSE seems the cheapest my a reasonable margin. I shall just try the month as not entirly convince it will help due to the number of algo trades taking place on a daily basis. Pretty sure they will be set-up to out fox people like me. Time will tell. Sorry couldn't resist!
SD is you want to have a look at Level 2 just pay for for one month on LSE. It shows all the orders stacked up, really interesting I used when I use to trade, rather than invest and would go back to it if didn’t have such a demanding job as does take time and capacity to monitor. Level 2 for Pro traders you need to have some training really to make sense of it - lots of videos on line! Mainly by the Blue board who also offer level 2. Thing with charts / level 2 data it does not account for news flow but does help to see what the MM are doing bidding and trading between the buy/sell price!
It was a UT trade and nothing extraordinary
share price dropped by slightly under 3%
looks like a big sell of 52,543 shares at 16:35:25 at a price of £259.04k
with a sell like that out of way
will a tick up be seen in future days ,or ,weeks
how many more now might be researching bur
Its something I recommend you google. I've never used it and wanted to know its usefulness in relation to predicting Burford price movements. I think it will give a better insight into the market at a particular time, reducing but not eliminating the market moving against you/me.
You have big kahunas playing with the amount you are doing without this knowledge. That said you seem to be doing something right.
Hi Jammy,
you will have to explain further as I don’t know what level 2 is,
BBH - Are you using level 2?
BBH - If you've made 20% you've made more than my holding. C. 5000 at the moment and wanting to build, although currently find the downward swings painful enough. I sold 750 @ 5.70 believing we were heading down. The next day we were immediately up and bought back @ 580. I should have held my nerve and belief. Thankfully I managed to recover those lost over the previous days with a buy at the bottom, a sell, followed by a buy at the bottom. Pure gambling but I won on those occasions. I think I should be getting tips from yourself rather than the other way round!
Thank you sharehunter3 for being a really good investor in burford, we like investors like you. Keep spreading the good word.
CHEERS sharehunter3
hoping might see more of a move up again ,
shorters might be better closing their shorts if a bounce might be seen soon ,a good example is ncyt with the number of buyers moving in there currently and such a drop with share price
hoping for a move up here ,and that more people may research bur after reading British Bulls
Hi Jammy,
Will be interesting to see the trend today. Will take a look at the two suggestions you made regarding technical analysis, although this area is new to me, my past trades are all based on judgement, reading etc. I guess we have made above 20% on trading Burford compared with our total holding, but our current holding is in excess of 36,000 shares so a good return since March, but also risky having a large holding
It's an area of like more knowledge too. I use stockcharts.com for free charting. Research tree looks like it may be worth subscribing to as will give the heads-up as to any research that may stimulate moves.
Have you managed to gain a reasonable % of your holding from day trades? I'm exactly even with mine. I personally think my weakness is believing to much in Burford and the rationality of the market. I need to play the channels more, but at the same time scared to miss out as so much potential positive drivers just around the corner. Thankfully I believe this has now turned and we will see upwards movement, so no pressure to sell any for a while. Unless maybe there's a huge spike ??
Thanks for this,
have been day trading Burford since March. Got in at 318p but sold and bought many times on the way up, have some sort of a feel for the movement and background of the company now.
Hoping to keep my lot longer term now, accumulated a large holding now, so could be large gains, or large losses, who knows but learn a little more each day, on another note, I use my instinct and a fair bit of background reading, but am thinking of getting some software or subscribing to a site to get to grips with the more technical analysis, could you recommend anything in this field ?
BBH, I see you posted before and agree with what you've written. Bur is very volatile and its possible you could get stuck in a trough. I was concerned a couple of days ago (despite seeing this as an investment) as thought the upwards trend had broken as we had broken past support, bottom trend line and the 50 day MA. Today I feel the uptrend is to be maintained and think we will go higher, maybe past 550 and towards 600 without news. With positive news much higher but should the news not be optimal then the SP will suffer and momentum could swing again. Pretty much as you stated.
In honesty? I don't use it as i'm a long term holder rather than an out an out trader. If you look for the ticks and the crosses you can see historically when they have read the signals correctly and incorrectly. Correctly appears the most frequent, however, its still a gamble.
Better to have a look a look at the links I and FFC posted earlier today and make sure you understand what the company is about and make sure you would be happy to hold long term - rather than buy on the BB signal and then sell on their advice.
I'm a long term holder and believe the company has a bright future, but I could be wrong. You need to do your own research.
Hi Jammy,
never used this site before, how reliable do you find it ?
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=BUR.L