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This is looking good, boys!
Also, I’ll add to my list.. debt restructuring as remember that happened with superdry when it was at 90/100, it made the price to shoot to 160 on such news.. well, subsequently it hit the floor at 15p but still there’s room for manoeuvre for the board to push the price to 400.
And obviously the idea of takeover which is always just that.. a dream.
Massive gap at 400, all the rating agencies are aware of the gap and it needs to be achieved so let’s wait patiently. All profits I manage to achieve on other shares will be going here as “free” shares to lower the average.
Hi JW
My shining moment yesterday. I went to sell DARK at 356, and bought them instead. DOH! Spent the rest of the day chasing down WIZZ. Not my best moment. Sold the last of my 888.
HI SK
One can dream!
GMHK
In the last 2weeks I have sold at 155p, 153 bought at 147, 141, 135. I have averaged down to 156p. When i reach 156p. I will have 35k. I would have wiped out my loses. Any similar tales out. there. 160 bring it on
I think forecasts of 400p (even in 2 years) are fanciful. Barring a meaningful economic recovery I see this trading in a 110-160 range for the forseeable. The other possibility is an opportunistic bid from the Malays at a low ball price. Pure speculation though
What do you think would push the price up at/from the next trading update in March? My guesses are:
1) info about strong start to the new year trading which would result in the increase of half year estimate?
2) sell of an asset?
3) replacement of a director but i guess the main culprit was gone some time ago?
Any other suggestions?
If the bottom was at 118 and the price doesn’t go below todays low of 131, I’m betting that we’ll see 400 by mid November this year.
We’re getting really close to a rebound. Once this bounces off the low (whatever it might be), we’re going for a mission 🚀
Three short positions. I find these hedge funds a necessary evil. Well spotted. I shall narrow my margins now. I shall do the same with SYNT now for the reason, i can smell victory. 135p to 142p is about wright.
End of day chart analysis:
The price is a bit weak but so is quite a few other companies like dark, fres, JD. I’m more leaning towards idea of printing double bottom or even 100p if we go for a retest of the long running downtrend line… unless we make a sharp jump tomorrow (slim chance).
Then there is next week which worries me a bit more with CPI in the US on Tuesday likely being worse than expected due to Red Sea debacle. That might drag everything down in the U.K. 🧐
Hi WT ... you have shorts increasing at DARK ... I'll buy in the 330s but wonder if this time it will be pushed lower.
I'd agree with you on SYNT ... tomorrow could be the type of day where it hits 133/5 in the morning and high 140s in the afternoon. Live in hope I suppose.
Howdey
Instead playing cowboys and injuns, should have payed attention to my last post. You would have ahead with PTAL
Today I almost bought SYNT, instead WIZZ slid and I bought back. Which brings me to DARK. where are at? If it drops another 5p tomorrow. I might buy back
Of course everyone is entitled to their opinion, GMHK. But when people reinvent history - as JW does - and bash people who call things right, and repeatedly pat themselves on the back for calling it wrong, then they need to be called out. Take everything that poster writes with a big pinch of salt… ATB
I don't think I bashed you GMHK ... might have said it's a ridiculous thought but then 118 was damn close and shows that eventually the London exchange is doomed. I also said there was no way SYNT was going to do an RI!
One thing I am definitely doing is reviewing USA trading. Dabbled a bit and liking it a lot more. The issue is the valuations are so massive on some companies ... complete opposite to UK. Then you get the forex component which the platforms seem to be making a tonne out of.
Leaving Wigwammer to do his thing. I get it finally though ..... Josey Wales a cowboy and Wigwammer is likely native American. I wonder if he's the sidekick who keeps creeping up on me. I'm going to get the big bad wolf to blow his wigwam down.
The reason I keep bringing up your posting history, joseywales, is because you keep misrepresenting it. Your latest post being a case in point, where you claim to have been “in and out” and sold the rights. Actually, you were repeatedly bullish here at lower and lower prices pre RI, and posted that SYNT was a “slam dunk buy” during the RI… Perhaps what you say and what you do are entirely different things, rather like your friend Mr Trump. It is worth people bearing this in mind as they read your posts. ATB
I’m going to get some popcorn 🍿 and watch these 2 argue 🤣
JW bashed me in October for saying 100p is possible but everyone is entitled to their opinion and no one needs to agree with.
Anyway.. 140p reclaimed this morning.. let’s hope for the best (but expect the worst)
Hi JW Wigwammer
You two need to get a room!
Have a look at PTAL, loads of cash, aggressive buy back. 11% div.
Which one of these statements should you ignore and which statement do you act on.
Hmm....just like thrush you just keep coming back. I think my post history speaks for itself. Sometimes right, sometimes wrong. Don't generally dig people out as finished school 30 plus years ago. You obviously read something i wrote , went with it and got burnt. I express opinion, happy to debate but your sort of behaviour is for the PFC board where it looks like you you can spit and scratch at plenty who will engage in you whimsical meanderings.
I would check you have not got me confused with anyone else as right now you are Donald Trump style loco.
Hmm.. If you go back and read joseywales’s posts from pre RI you will get a very different view from the one he/she portrays here now. Buying at 500p new money, buying at 400p, telling people during the RI that SYNT is a “slam dunk buy” at 300p (now claiming he/she sold the rights). The latest is he/she sold at 137p, just before it shot up to 155p (getting it wrong again). Then at 155p saying it was “going for gold” only for it to drop again to 139p now. Then the alleged hindsight buy trades at 122p that were only reported after the shares had recovered. Take everything this person says with a big pinch of salt. In 20 years of reading these boards, I have rarely come across a hindsight trader quite as bad as this one. Ps come on Synthomer and do us all a favour! ATB
You’re put into quite a difficult position when a company has a wrights issue, SYNT RI looking back was a bit smoke and mirrors for my liking. If I had not done this kind of day trading or call it week trading if want. The maths is far too convoluted to do. But if I had not done this I may have been looking at a 10k loss on 15k. Instead of 4K loss 30k. I think it is an easy choice. Either trade your way up. Or just go long. Most of the brokers and pundits rate these shares much higher. I pretty sure JW is doing similar, maybe different times and margins. We seem to targeting similar companies
WT.. oh I see what you’re doing. Good idea
I had these shares years ago whe they were Yule Catto. Also sold them years ago.
I was also late to the game bought in at 70p chased them down to 50p. Tail swallowed, to buy all the RI shares and have chasing them down ever since Taking my cash invested leaving the extra shares building quite a large position. I’m at 159p and 4K down, but I’m sniffing a profit . Don’t despair!
End of day analysis:
weak as usual today. 140 is not supported at all. Right now we’re going down probably to form double bottom at 118. This share disappointed me not for the first time
Yes I was pre-RI but late to the game. I think it was from about 80 or 90p that I bought and then was in and out all the way down to the 60's I think. Sold the rights.
Had also been in SYNT once before when they went from 90p to 170 or similar. I sold out early on that one.
JW and WT, were you invested in SYNT pre RI or it’s only me and LOTM that I know of?