Pioedream and charts31 Jan 2018 20:42
Pipedream.......Just my opinion, I dont either understand or believe that charts actually tell us anything.....who would have predicted that TW would fall from 500p to 4p in the blink of an eye...not a chartist that is for sure. .Everyone was saying they were going bust!!....FFS, TW had one of the largest land banks in the UK so how the feck could they go bust? I bought �5K at 4p and sold at 12p making a very quick �8k profit......if only I had held my nerve,my �5K would now be worth �250K.
As for CNA, I have built up a rather large holding here, I thought they were a good buy at 160p, the constant fall to 133p has continued to give me buying opportunities, I now hold �240K at an average of 140p and look forward to collecting an annual divi of at least �20k whilst I wait for the real share price to be realised........as you say your charts tell you that ay be 43p.......my own thoughts tell me that will be 200p. If it takes a year I am happy with that and no one spouting on about charts or any other crap will change my mind.