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@technie - have a look at slope during the Rights Issue - it was downward sloping ( largely due to issue of new stock as part of the RI) - once we crossed over the 200 MAVG as soon as rights issue closed - sp climbed and continued to do so right to the peak. But I agree current slope looks to have a similar shape to just prior to Skrill. Hopefully it reflects a repeat performance soon as we had with skrill - announcement of an acquisition followed by a 45%- 50% rise in sp
@wolfhound - with the 200MA I believe the slope is vital bit of context and I use the slope to define trend. Price below a flat 200MA (no trend) and we tend to see large moves revert to the mean. The large move after the Skrill announcement did this. Price below an up-sloping 200MA is often a very good long entry and vice versa for a short entry.
I see we now have Morgan Stanley reiterating overweight at 560
It is all relative Technie - nothing has been short on the timeline of PAYS :) ; s.p. should be significantly higher IMHO I still come back to the 200 MAVG - same as now we traded below that level for a few months just prior to Skrill acqn - and then we bounced 50% - if we get the "bold M&A" - then I think that will be the catalyst to really kick the sp on - anyway not far to go to the 7th March. I am hoping that "bold" translates into a double our size reverse takover - or perhaps the buying of a US listed competitor - and get us a NASDAQ listing - that I think will re-rate us much quicker. GLA
I just hope it finishes the day above £3.80 - otherwise we could have yet another week at this level!!
I think we could be in positive territory this arvo
That's a pretty short timeline wolfhound. One day this will finally stop frustrating us and do what it's supposed to. Or get taken out. What I like at the moment is nothing to do with PAYS as such. The FTSE 100 is tryng to hold a breakout above 17 years of resistance. If it can hold the breakout the next move could be sizeable. That might give us the general market conditions for a re-rate. Until the FTSE proves itself though a market correction remains possible. Just watching and waiting as always.
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Cheers Technie - you are too modest. I agree - we are within touching distance of the pyscologically important 400p mark - once through and held we could see sp advance comfortably back towards previous high ahead of publication of full yr results and possibly with the added bonus of "bold M&A news" - we could see a really significant rise in sp - GLA
Thanks wolfhound. As trading unfolded price looked firm ahead of the buy zone I was waiting for. As I had shared it here I thought the right thing to do was to also share what I was seeing. Sometimes these things work and sometimes you end up looking a bit silly. Just got lucky this time. My focus is now on the recent 408 high. I want to see if price can get up there and if so can it move beyond it? GLA
pleasure Skijunky - lets hope it is predicator to some interesting news :) Technie - looks like your graph called it on the uptick - and a v good call it was !!
Thanks Wolf. Thats a penny dropping moment for me :) ... similar volumes to unilever today so yes massive investment
The steam of sellers eased so we can resume the way up.
the signal might be in volume - 750K in the 1st hr of trading ; it would suggest ii buying
All good but does anyone know why? Gla
Didn't expect that, nice surprise but wish i had got my 368p first. ;-) gla
Share price rises without aggressive buy back :) GLA
I agree about being nervous over the shorts at results time. I've said it more than once but the market has come to expect so much with this outfit that even a good update seems to mildly disappoint in recent months. But if we did suffer another shorting attach, would not the large tank of Paysafe money still to be put into the buyback shore us up? If we assume that a lot of the shorters from last time did not cut and run during the rise back to over the pre-short levels, then a further attwck would expose them even more. As far a I can see, if we had a further shorting attack the squeeze to take profits would fly the SP back up again. However, I am currently investigating the best way to fake a covering position for results day, just in case!
@GS - very glad to hear you're having a good holiday. I think you're going to need some more books at that pace! The general consensus is that the other one is going to be even harder to put down.
@Technie - excellent holiday - only on page 297 of John Murphy (many thanks again @jh) so only know half... :-) It was beginning to look yesterday as if the sp was turning to my fundamentalist eye and my elementary chart reading is the same as yours so I added very gently. Today is encouraging so far. However gently is the operative word as still nervous about the shorts and what happens to the sp if the results announcement in early March does no more than confirm what we already know... which will be disappointing to an expectant market. GL GS
Thank you Technie. The graph looks promising. GLA
must learn charts. no for us newbie Technie, what does it mean / show?
The timing chart is in a location where a turn can occur. The usual caveats apply - nothing works all the time, etc, etc. DYOR. https://tc.md.it-finance.com/ProRealTime_V10_2/display_chartimage.phtml?name=q8w897u3zqfcsjhd0lagp6z2y&type=png&purpose=share_twitter
@primitive - many are in the same boat - none of us like seeing the sp significantly undervalued - but the one great thing with this sp is that no matter how they try eventually there is a piece of news that makes it break through the barriers - IMHO we might be seeing that come 7th March hopefu;;ly our patience will be rewarded in another 30 days...or less