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supergroup was an absolute cracker, i only managed to ride it twice from £14 to £1650 then post drop after results from 1250 to 1650 in less than a week. all sort of upgrades going on with it now with £24 targets. happy with my fill though so cant complain. retailers are catching my eye at the mo, reckon the likes of dems and m&S will be on the radar in a couple of weeks
Thanks for your fundermental and rizla analysis of BVIC. I hope we do have a slight fallback as i will jump in if it happens, not sure it will though. Where can i get some of them rizlas that give these predictions :) When i used to use them many years ago they only clouded judgement!
Thanks for the responses guys, one of the reasons i like this stock is the fundermentals. They have had massive growth and have also stated growth in the first quarter will be good. They have a lot of business in australia and i reckon the massive floods Aus have had is going to cause fenner order books to go bonkers. I reckon a retest of the highs will be on the cards and who knows they might even get broken :) hope so because im in for the ride!
ive a limit order at 62.25, feels like a double bottom from July at 61.5 to me. so i'm in for a cheeky limit order. we will see.
technically, Fenner is a wee bit iffy, the high was on a fairly hefty divergence on EVERY indicator including volume. that said, it has just broke that desc wedge so there could be room for retest of the highs i guess. last year i didnt trade supergroup, asos from 600 on both due to divergences, how wrong was i !? so it doesnt always work out! as the naked trader says, check out where your mrs or kids spend their money and invest there! hence the supergroup and asos trades!
Think i will be looking to get in TNI monday - good potential there if it holds major support.
Personally i'd be very cautious about FENR but i've already taken a position in TNI at 67p and watching closely to add some more shortley
Gents - Thoughts on this? technically i fancy it to make a good recovery. The drop was caused when they posted their results. Results seemed ok but they hinted material costs were going to rise due to metal prices etc. Netly perhaps your fundermental magic or rizlas might helpmake a decision :) http://img853.imageshack.us/img853/7132/bvic.jpg
Really fancy some of these - http://img852.imageshack.us/img852/6772/tni.jpg
Really like this - http://img155.imageshack.us/img155/5281/fenr.jpg
Eastern side of Saudi arabia is loosing its cool already and the minister of interiors declared protesting to be illegal. if Saudi is next then Oil price might hit . . . 500 bucks or something!
thanks for your opinion mate. i agree with you totally. i would also add the reason of "low volumes" to your list of reasons. if the triple bottom was real then volumes would have been large enough to support it. but i missed the boat many times with lloyds as a result of waiting for very low entries and decided not to squeeze every penny out of the SP. as you said the worry is once/if 60P gets broken and becomes resistance then it would take ages for it to be broken again.
I dont think he necessarily intended to alarm you. Perhaps he was concentrating on the 10 negatives you were referring to. From a TA perspective i can give up a few reasons why 55p could be hit and as 50p is only a further 10% from there and major support in that region i would say that it isn't impossible. We are smack on a couple of trend lines support. Any lower and 60p is the obvious next stop and if the well anticipated and talked about support/triple bottom doesn't kick in then masses of stop losses will . Often the more anticipated something is , the bigger the shock if it doesn't happen and therefore the reason why 60p is pivital. The problem you would then have is , that since 60p acted as such huge support , unless it jumps back up very quickly, it could be weeks before it breaks back through it. LLOYs always been a great 'trading range' stock, even going back years when the share price was alot higher. Probably manipulatd that way by the MM'S for excellent trading profits. So if it does break 60p there is always the chance that it could trade in the new 50p-60p trading range for months as it has done during the 60p-80p range. Now of couse none of that might happen , especially if 60p DOES hold. But for me if you're bullish the FTSE then you have to be bullish LLOY short term.Likewise if you are bearish the FTSE you have to be bearish on LLOY and unfortunately i am bearish on the FTSE short/medium term, so for that reason i am using caution on LLOY. On the plus side a number of the technial indicators are or close to oversold which would suggest limited downside.......but of course cannot be guarenteed. Just my opinion though.
actually bought this on feb 14 after candle bounced off convergance of of the descending lower channel and what i hoped to be master horizontal support but then dipped again but confirmed 170 ish is a very strong line so held with stop just below that,now moved it up to 185.more a spinning top than a doji in my opinion on friday,could go either way but very dissapointed it didnt go on,coz that could be it
sub 50s for lloyds? mate i was hoping to learn more about fundamentals from you but its extremely hard to do so when you do not back your predictions with more info. i can mention 10 reasons why lloyds should be sub 50 and ten other reasons why it should be above 80. it mostly depends on what we choose to see. the world is still in a mess yet the US is "growing" and we've been in a bull market for the past 2 years. guys, no more sub 50s predictions for lloyds plz it makes me nervous! lol oh man if this happens i would quit trading for ever. .
just wondered how many seconds would pass till you pop up :) LoL yes i have seen in stores those, at first i thought its chewing gum or something (i dont smoke) but then a friend told me its paper for rolling tobacco :) ok .. MKS , friday got stopped at 343.9 or the resistance line which played as support previously but now sucessfully as resistance. So ... how low would it go? I would favour a tranche at 322 or thereabouts, perhaps 323p. The master support is at 322p get that one lost and i will tell you to wait for 275p next :) But i strongly believe 322 will be hit and then it would explode north. Will watch it closely though ... Watch MRW though, just below breakout, closed right at the resistance line, results reporting on Thursday 10 march, so i expect 300p + which after all is quick 10% + :) I will continue to watch my movie now as i had a small break + midnight snack :) Good night mate
And i will add a almost 100% chance Portugal to be bailed out and we know what effect on european sovereign debt have on banks. Another reason the house prices continue to fall in UK, HBOS as part of lloy is affected by that and the impact is negative. Short to medium term negative house price will keep hurting lloy. And finally there are stress tests to be conducted in Europe for the banks, with new rules and regulations, so dont think all will have positive reports. Combining all that it creates a negative view on lloy, hence me been bearish on lloy. Almost forgot, arkk kept asking about volume, we have not see proper volume for quite awhile, we have not seen large investors popping up, on the contrary some large sells got triggered lately, when large investors withdraw, i always get cautious. I think 60p will be taken out on some negative news and massive sell will push it even further, there are gazillions of stop losses between 58 and 60p. Ideally triple bottom should play out and 80p be hit in 2-3 weeks time but just dont see it happening with low volumes and negative news coming. On the other hand the first sign of bullishness and i am in, happily i bailed out at 63.58p after watching it helplessly fighting that resistance several times. Lets wait and see what happens though, interesting times, and lots of places to be at. I got some other interesting shares like INCH and few others reporting next week, i plan to invest in number of shares with good fundamentals (aye netley, aye) and expecting good results to ride them for a day-two until profit gets taken, tight stop losses of course in place :) Never traded on results only and its a bit risky but lets see what happens, i enjoy trading and its my hobby which might turn into something more serious though :) Good luck all
yes sar was chosen purely on fundamental reasons as i did good research on them, and i think even the entry price would be on fundamental reasons lol :), they issued 50million shares at 40% discount on the price at that time which was 1.60 or 1p so i thought 1p would be the master support as going down will put this big investor down and would be a bad signal for future large investors. So 1p held two or three times i think and i decided to buy which coincided with the positive RNS the same day, strange eh? Good luck with yell, seems i will watch like the last time from 10p to 15p ... thats what i hate about when i am right, i dont get in, the next day when it rises massively i wonder will profit taking occur and i miss, the next day i think its getting too serious it should drop but it keep rising ... several times it happened to me where i stood on the sidelines watching and do nothing, bad bad experience. In regards to ENEG, i just added to my watchlist, mate there is huge support at 15.79 which i think will hold but definitely buying above 16 is NOT RIGHT, on a spike it could hit even 15p, but i think thats the absolute bottom for now unless negative news come in then it could fall off the cliff. Strong resistance line, closing above 17.30 would be really good, price got stopped on friday EXACTLY on the resistance line, it hit it 4 times now, so its considered strong, lower lows keep coming so i would favour sub 16p. Strong support at 15.79, get that failed and my oh my, it will strike down big time. I would personally wait for breakout either north or south, it is too dangerous though ... WIN ... on the weekly the BB have a huge downside, actually i can tell why, if it does not break out north it will head toward previous low of 107, looked at my favourite channels and potentially it could drop to 117-119, and whats another 10p down between friends? :) All i am saying i will buy in WIN only after a breakout with confirmaiton, friday closed right at the resistance line so interesting week ahead. About TNI, i got two tranches already in below 67p on average, which was a bit stupid but my second tranche was based on the idea 64p will hold, and i do really think it will hold, but if it does not then 61.5p has to be tested, once it holds i am in, if it fails, i am ALL OUT as 50p is coming for sure. Majority of indicators however tell me its a buy. LLOY: rbs got it upgraded to a buy with target 90p which will definitely happen sometime this year, what i think in short term though is a massive fall, 60p wont hold and we will probably see 55p or maybe lower. Why would i think this way? First i will paste what RBS thought about lloy: "1) the lack of FY11F PiP momentum; 2) a leadership change with no clarity on group strategy until end 1H11F; and 3) regulatory concerns (eg, the interim report by the ICB expected in April)." continue ...
Thanks for chart, i was looking at a £1.85 entry, so not a million miles away. Mike - are you up on prty yet? as i know you bought in trenches on way down? agree CTH do look of interest, but i think it was netley, so its him we sue if it all goes t@@s up, not me!! lol DYOR lol!
Another down day monday and we will be back to 60p, and uf it does not hold???? http://img197.imageshack.us/img197/8555/lloy.jpg
12 month chart for Marks - 325 would be a nice entry http://img856.imageshack.us/img856/9704/96220134.jpg
yeah,ive noticed when any share has a big drop,there seems to be a lot of bickering and arguments. but it got too much...yeah he was a right tool,deserved to get banned ...again! doubt if ngog2 will re surface much now after the big rise. hoping to see a good week next week. sorry guys and girls for hijacking the party board tbh though,im starting to watch this one as well. gl all
52 trades sounds good to me. Here is a chart ive got on PRTY, shows 186 as support now so we may get a back test but as long as that holds i will be fairly comfortable with holding this one to 213. http://img811.imageshack.us/img811/7287/prty.jpg
Sorry to hear that mate,,,,,,,,,but what is it they say about death and taxes....... To be fair that sounds much more reasonable but will put it to the vote so it doesn't become the grays/netley show.LOL! Capt -Did he? I'm not surprised. Complete tool ! I felt i had to go as it was his 'stalking' me that was spoiling the board, so when i lost the bet i kept to my word and left. Some , like yourself, are here to make money and hopefully help others along the way, whilst others are just cOcks and have probably never traded a stock in their life. I'm glad the board has quietened down for you and will think about returning when it has quietened down sufficiently enough to guarentee that prick wont return........a nice rise on YELL share price often does that .lol !!!
hi...just letting you know someone posted on the yell board,asking you to start posting again. btw if you didnt know, random got banned...shame eh?