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I have been here since Feb and entered at 105.1and it's been a long journey. My view on support at 160 was after not much time whereas it seemed to take ages for a consistent support at 140. I don't know why it shot up to 171 yesterday but was pleasantly surprised. You may be right Storm that it will reach 200. The charts for the last 3 years would suggest that it will reach 250 next year, although there was some dilution last year to deal with the crisis. I hope you get back in again at the right price Sinbab because this is a company I have always had confidence in. Like Storm says though I can see this moving up quickly around the end of the year. ATB
I'm kicking myself today after being tripped out last Friday and then waiting for a good re-entry price. I thought 160 would do only to watch this run-away to the 170's. I didn't mind coming out last Friday on both my CFDs thinking BARC could provide a better short-term gain this week. Its early days but it sure looks like I got that one wrong. Oh well, here's hoping it will retest 160 for support in the coming weeks which is when I hope to get back onboard! ATB&GLA
Maybe a little higher than that. Providing there isn't a double dip or something equally untoward, I see these at over £2 in the near future.
I don't want to speak too soon but we seem to be establishing 160 as a support level!! ATB
Just been doing some research and they are getting excited on the iii board about the possibility of GKN joining the FTSE. Could be September recview or end of December review. If that was the case then it is likely that more institutions etc would start buying in which would send sp up!!
I am really pleased withthe way things are going.I have seen broker forecasts of 170-185. Obviously if the FTSE keeps going then I think it won't be long before 170 is breached. The news has all been good over the last 3 months and although people are taking profit this still remains a strong buy from the majority of brokers. I will not be selling before the start of Oct as I am waiting for my shares from the divi but there are some who see 250 next year., I think that depends on the year end results. If they are better than expected then who knows. ATB
I sold one CFD last minute on Friday and the other first thing yesterday. I then picked up two more when she fell back to 158. Do you have any idea where this SP is heading -we seem to be in uncharted territory!! I'm thinking 190-200!! ATB
Thanks for that, good day today, I hope you didn't dell on Friday!!
Its one of the technical drawing elements I have available on my CFD account from PureDeal (Ig Markets) which can also be got using ProRealTime. PRT charting is free with end of day data.
where do you gat your fibonacci info from, please?
I ain't complaining and I took the 140.5 CFD off the table. Too many times I have held out for more only to find the next day the SP gaps down and I lose my profits!! ATB
You will have done well today GL
I bought two CFDs at 140.5 and 145 but cashed them both out last week at 151 and banked the profit. I then got back in this week at 150 and today at 155. ATB
I thought you were going to buy at 144! ATB
Hi Guys. I reckon she has breached and tested 154.8, my upper resistance line. I've piled in for another CFD hoping this now acts as support. Lets hope she has put the 140s behind her. ATB&GLA
I think that this is a 52 week high!!!! Go GKN go :)
* Credit Suisse starts GKN Plc Fenner Plc with outperform ratings Probably explains the jump firsat thing, just want it to continue not fall back
To buy at this price is sensible but I don't understand how you are going to make a mint. This is a top 250company on the road to recovery and doing well. However the share price tends to follow the FTSE and we are still waiting for strong supportabove 150. Luckygold and I have reinvested our divisin shares and POSSIBLY next year MIGHT see it above £2 but that is a big might. GL
Looks like the americans are back filling the gap on their indices from last Friday's opening, esp the S&P500. Once this is complete I will then get back in as I expect the indices to then rise and gap fill the fall from yesterdays opening regardless of whether GKN gap fills. I'm now in NZ visiting family and friends and I was watching an aussie equivalent of gloomberg and they were predicting there is going to be a rush back into the equity markets before the year is out and that they see Sept as potentially being the best month on record for gains. I cGLA&ATB
I happen to live near one of the GKN plants and they are busy. Keep buying at this price and make a mint. Trust me, I am THE TOASTER.
I think you may get in at 144 depending on general conditions, if the market falls sowill GKN but if itcontinues to hold 150 then like youi say you may need to reappraise. I am still hoping for onwds and upwards ATB
I'm still hoping for gap fill back at 144 but if she breaks and holds 153.5 I may need to reappraise when I get back in as i don't want to get left behind!
There seems to be some sort of resistance at 153.5. Otherwise we have started the week well ATB
Hi guys. I see we hit 153 this morning before dropping back. I keep reading more and more good news so I have decided to hold until next year at least. Sinbab patience in this game is something I am learning the hard way but it is coming gradually.ATB
Testing 13 week highs this morning and hopefully will break the 1.53 and stay above it today