RE: Upward Trend29 Mar 2017 20:44
Scubaz, hope this finds you well / other upward trend junkies,
WSG - I now feel that the market cap now is below the value of the assets and PE and turnover value of the company. I am now actively buying SB's at every fall of 0.5p. I am expecting an ISA rally and then news or taken down further than any pre - ISA rally.
My real target is a low of 9.448p but this is on an IG chart on a DFB, so I guess it equates to 9.5 on a PRT chart. I am aware that the wedge goes down further but I think the 'churners' of shares (i have always suspected a combination of our big investor, HH and Darwin and maybe another) will find it harder to take it down further with ISA and possible news on the horizon.
I am also aware that if Darwin have a massive amount of shares left then to rinse any more shares (there are those on the bb who say they have finished already) then selling heavily into the ISA rise would be the way. Then the rise would be minimal but enough for people wanting to average down to jump in.
I think just under 10p pre ISA - then up to ....? could be anywhere but not too far maybe 14-15p then back down sharply to below the 7.5p support and then coordinated news and a big rise back up to the prices of 2 years ago and beyond.
Any charts or synopses welcome.
(also CPX should bounce around 6p)