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Thank you fourier. You have produced an eloquent summary of the main frustrations experienced by retail investors, who understand how markets work but lack the judgement and finesse of professional investors. I can relate from my own experience to all your points. All the best to you.
It's a difficult one TLWilliams. I bet you've also purchased shares after a dramatic fall and they've done handsomely? If you don't buy, you might be sitting by idly while a great opportunity unfolds. I've also been jumping in a bit too soon on some shares. The opposite sometimes happens too - selling after a rise and then it going on rising. The truth is nobody knows. Good luck!
Looks like 28 November. ( Google FTSE 100 rebalance) https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.ftse.com/products/downloads/FTSE_FAQ_Document_UK_2017.pdf&ved=0ahUKEwisxbC-mpvXAhWHORoKHcA7AksQFggkMAA&usg=AOvVaw1th1h9F44oWXDoqx6gkgLD If you're looking for long term buy and hold , have a shufty here https://www.lemonfool.co.uk/viewforum.php?f=15&sid=19bf0dfc168e7f9397b13e72bf3c6631
Thanks for that my2penneth. Do you have any idea when the next promotions and relegations between stock indices will occur? I am under the impression that the last ones happened recently.
Thanks downbutnotout. Your pseudonym describes my position with regard to this share, and one or two others, at the moment. However, my investment strategy is long-term and profit-orientated. I have jumped in too early with three share purchases of late, but will hopefully turn a decent profit in the end with some dividend income while I patiently wait. It is mostly about being annoyed with myself for making elementary errors of judgement. All the best.
moving up off the lows very strongly now. think a bottom could be put in today. hang in there TLW!
Need to be careful - after the share price drop CTEC is in the FTSE100 danger zone ( position 100). If relegated, the SP will fall further because the tracker funds will automatically sell... triggering a further SP fall. There is a degree of danger here!
The share price has declined - almost in a straight line - negatively sloping with a gradient of 5.47p per day since trading opened last Friday. In other words the share price is uniformly dropping by 2.71% per day. Does anyone have an explanation?
Congratulations to the poster on this board who successfully predicted that the share price would dip to sub 200 levels when it was still at c.216. I have learned a hard lesson with this share in that I bought way too soon following the initial "collapse" of the share price (@217).This having been said, I have done this too often lately and missed out on potentially higher profits as a result. In future, I will be watching and waiting for share prices to bottom, rise and stabilise before purchasing.
huge UT trade to close below �2 16:35:21 199.6000 3,347,169 UT 199.6000 200.1000 Sell not sure what to make of that. II dumping over a couple of days and its just reported now?
someone is buying 16:24:48 203.3690 200,000 O 200.9000 201.0000 Buy
big ut trade 204.60p. consolidating around the �2 level. wouldn't like to see it go much lower though.
sorry i meant 205p being the support level. below that maybe 198p if it gets back there. i see some support around 203.5p. thats price i got in at a week or so ago. then sold to buy back today.
Its already below 215p downbutnotout..............
squeaky bum time if this drops below 215p...
@ 205.34p, bought back 43% what i sold near 215.
Its called "pre market trading" lots of II's, large players and even small punters can pre trade and post trade. If activity is positive or negative in the 10 minutes prior to the bell then the sp will be reflected in that activity on opening. Why do you think sp's open lower on bad news......pre trading is a big factor in that, it sets a down trend which in turn frightens investors which in turn forces sells, drives down the sp and then you get the stop losses triggered and so on.
:)
i disagree. after i bought at 16:28 (paid 203.47) the SP opened next morning around 198p c.3% down! how do explain that??
Nice post , dispels the mad mm s theory correctly.
Correction to the post below "algorithm" not "logarithm"
You do realise that it is an electronic order book run by a sophisticated logarithm program and not controlled by MM's...............This is a phase of adjustment where the sp will be between a range until the next trend appears. A kind of no mans land. Stop losses do get triggered along the way and you will see them executed at a particular level which was probably why it dropped quite a bit yesterday afternoon. Most chancers / traders probably got in low 200 - 210p and most will have set stop losses mid to low 200. It may well dip below 200 but rest assured the investors on here who invested between 200 and 225p will be comfortable towards the March 2018 as this will quite easily climb its way back to the high 280's an drive even further on the back of satisfactory news and continued growth.
one of my better trades this one.. bought at 203.50p sold at near 215p. MMs will want to close this below 205p today IMO. then opens the door to a revisit below �2.
The ask porportedly dropped into the 190's on two consecutive trading days last week. But in truth I think it was very difficult either day to purchase shares at the reported lows. I tried both days and the best I could do was 205p. It may well be that we revisit the 190's if so I shall buy again. The supply problem will be solved, the lost customers will be lured back and the profit warning will be alleviated when we actually have something to sell again, or am I missing something! !!!!!!!! D.
Yes it looks like I jumped in too early on Convatec - bought the day the shares plummeted for 220p. I thought they were a "safe" bet as I was getting in at below the IPO price and it was just the market over-reacting. Now they seem to be trading between 200-215p so this is what people are valuing the shares at. There is a big bid/offer spread again at closing which is unusual for a FTSE100 company - was saying share price was 208, bid 223, ask 193p.