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...and the support did not hold, so more tech retrace. 4.15 pm now in HKG
Let's hope it's a nice long trip!
...eventually the Sp is breaching the important 3.70 support. So lets see. Off now to Hongkong for a while!
...and back to 3.80p. Still just the normal TA retrace after a too steep rise. Also remember that the main markets could put more and more pressure on weaker (high debt) shares. Especially technical stocks. - IMO it is important now that 3.70 are maintained. - If breached, then retrace to 3.40 and 3.20 - If breached, then retrace back to 2.50p
Neatly and nicely PEB now regained our highs from last year summer. 4.16p +0,26 (6,64 %) Could it be that last years sudden month long rise was because PEB almost secured financing? But then negotiations got delayed... with the respective price crash. Interesting theory IMO.
Still posting irrelevant technical Charty? Astonishing.
...and good afternoon too. The Sp remains neatly and nicely well above that crucial 3.50, and making attempts at the 4ish barrier. Moreover the spread has finally narrowed. Lets see if there is more into this. After all (a few) have been at this level the same time last year.
Robert_tb, at the moment PEB keeps bouncing at the long term upper barrier. Basically where its taken us during the rally in summer 2017. - First good sign if 4.15p climbed. - The spread needs to narrow down from that 10% - New wave of buying only if 4.35-4.40p are surpassed & maintained (mid price).
I'll just say this one more time to see whether you are able to understand. You invest largely using technical analysis, which requires some understanding of stock price historical behavior, and that a stock will to some extent behave in a mean reverting way within a normal distribution of returns. However, Vislink/Peb had become a binary stock ie no normal distribution, and historic pricing not going to help. Either the banks say no, and stock worth 0, or banks say yes, and you see a healthy bounce (and I literally said this months ago!). This was not a risk-adjusted opportunity that I fancied as the outcome was not, IMV predicable. I'm a fundamental investor who hopes to be right more than he's wrong based on predictive skill over the long term. Simply put PEB didn't fit my investment criteria, and still doesn't - its a punting stock, and technical analysis will not help you one jot! My issue with you was that you were telling people to buy based on technical analysis - nowhere did you say, that you believed that the stock was s buy because the bank would extend credit facility, or that it was a risky play. I simply ensured that potential investors on this Board had knowledge of the overall picture which for some reason upset you, and seemingly, continues to do so. Want my trading history, bought at 9p (when it was still Vislink), sold at 18p, bought again at 9p, but then sold again at 9p when I realized the depth of their financial position. All of this I posted on at the time (where were you??) So, no humble pie for me, but can I suggest fish pie for you - good for the brain cells apparently...;-)
Off topic. This probably sums it up: -------------- Fr, 3.20 pm: "I see your old friend on Pebble Beach is eating humble pie, after todays rise - lol."
MattTheCoward, have you ever heard of Vislink?? I have been a yearlong holder of Vislink shares, and some of my last Vislink sells were 30ish and 15 ish. And with Pebble Beach it was 4ish and 3ish last summer. You are constantly negative about PEB, right? Last year when you popped up on this bb - moaning about PEB for month - many PIs joined the PEB rise. You seem to be the only one not buying these shares and actually you seem quite angry about this company. Plse do everyone a favor and filter yourself away and flush down the toilet. Thanks!!
Actually, you don't even hold any shares do you - you only invested for about 5 minutes last year. I think we can add lying to unintelligence. Starting to feel a bit sorry for you TBH.......
What do we all think today, another spike maybe.
What�s everyone�s best guess for Monday, I still think this stock could rocket. I hear the negative factors but the amount of volume going thought the company as created so much volatility.
Monday morning Couldnt buy any last half hour
On Monday will be very surprised if we hold 3s....took a lovely top slice so more than happy if we do indeed stay at current levels.....debt has been moved not extinguished
...IMO the next buy signal only IF the Sp climbes above 3.60 (mid price). New long term bullish signal onlyIF the massive 4.10 and 4.40p barriers are climbed.
Robere_tb, well then, there are still several negative factirs at the moment! - PEB has accumulated huge debt, and now merely shifted and refinanced it. - The main markets face difficult times in the next few weeks. - The selling of technical stocks (Nasdaq) could signal a broad market selloff to come. Another good indicator is the sudden krypto selling / profit taking. - PEB-Vislink former management could be still liable for fraud
So guys after a massive rise and a fall back what are your predictions for Monday I think it will bounce
...now at 3.50p, with the 3.45p line nicely holding. So lets see. Always good to have a few "punts" in your wallet - in my opinion.
You can't blame anyone taking huge profits...it always happens on all sharp risers. Monday early will be crucial, gla
The Sp must now try to hold up above this current 3.45. If this line is breached (confirmed as from 3.25p) then TA retrace to about 2.75 and 2.50p.
"So, not a technical bounce, but a fundamental one..." Ha ha! So this is what its all about, MattTheCoward. A discussion whether a PI should purely act upon fundamental signals or purely on technical signals?? I take both. Technically 1.75 and 2.00p barrier have been the new entry. if you had the guts MattTheBrave (what a plon ker!), then you would have placed AT buys on the chart. What are you talking about, a few bob...? This is a substantial rise for a serious investor who works with decent amounts - never mind the long term PEB outcome. Today I sold half of my holding and will either sell more next week or let the rest roll. Bye, MattTheBrave! (Sorry to say, but you've brought zero contribution for PIs who made money with Pebble Beach in 2017 as well as in 2018.)
Very admirable. Get stuck in!!!
Charty, you moron, if you'd actually had the sense to read my posts you will know that my view was (and I quote) if it survives you'll make a few bob, and if not, the SH's get nada. It was clearly touch and go with the banks there for a bit, and it is clear that if Santander had said no, that would have been it. My issue with you was that you were just spouting a lot of technical nonsense, when it was a highly risky stock with a binary outcome. Today, the fundamentals just got significantly better with the Santander news and righty, the stock has jumped So, not a technical bounce, but a fundamental one, you nitwit. Now off you go to find where you left those missing brain cells and let the adults talk.