Member Info for bewareshadows

I'd say it's too late, the smart money will have shorted some weeks/days ago. Similar to the oil price going up in advance of the announcement. Just remember shorting, carries unlimited losses

Brilliant, the shorts can keep adding as far as I am concerned. The price is holding stable as they keep adding, so bit of a duff move on their part. All the more to be bought back later. Building in a bigger support level.

Place your limit orders.

Seems that the announcement will be timed after UK markets close.

Pretty muted response today

Bit of a flat start this morning. ;)

Well I may have little idea about this company, but so far so good. A strong week considering it started with an ex dividend and Gold has been pretty flat.

Do you have that on cut and paste? ;)

Or any day

I'm in the middle of moving money between accounts otherwise I'd be tempted with a small top up myself.

I think the wink suggests this is a comedy post.

Have you set any targets that you are looking for?

Opportunity for a fast buck.

There are other opportunities out there, if you are unsure on pfc. Gsk, is a fairly steady share pays quarterly dividend and is probably average price at the moment.

That's an interesting question for me. I bought at 659 originally and even when it dropped to 400 I thought it would recover. At the time I was long in everything else so had no money to average down. As it turns out I sold one stock at a loss to average down on pfc. However, it has recovered to 600 even faster than I thought it would. So clearly yes I would have bought at this level as I was in far higher. However, I feel I work on a different time frame to you. I'm happy to leave money in a share for years, were as I feel you may want a quicker return than that.

But then all profit is paper, because the next trade could be a stinker or a winner. Until we all cash out no one knows the final account balance.

I'd say yes it has peaked. I think this share is now more likely to ebb and flow with the oil price until we have significant news. This have moved from 400p-600p which is a 50% rise since the early months of the year. Any share rising that much is going to reach a point were buyers and sellers level out. If you have a substantial wad you can probably still make some money on the daily fluctuations. I still expect further capital growth, but not in the short term trades, I'm holding for 800-900p which for me can take 1-3 years and I will be more than happy as I will have doubled my money. In the meantime I'll take the 20% capital growth and 4% dividends. Looking forwards I'm hoping to see debt reduction and more contracts, either of those will give that next up lift to the SP. SFO would be good if it could be resolved but at least the worst case scenario has already been disproved. As a holder it feels like a good place to be, if you are looking to buy then timing will be everything. You could buy today and a RNS tomorrow could add a quick 10-15% to the SP. Alternatively you could buy today and the oil price could drop to $68 and you will be stuck in or around the 580's for a while. Time is everything. If you can leave it and wait then invest, if you want a quick buck then I'd say it's evens.

Have to say I was a bit worried on the Q1 tree shake. In the morning the SP had reached 1470 and I was considering selling a few. When it hit 1400 later in the day I was kicking myself. Just goes to show even with a long term share it can have its moments of erratic movements. My average is 1550 so a little way to go yet till I recover my capital.

It's a pretty picture to be sure, but I am never certain about charts. For example: RRL a share I dabbled in the past shows that its a 75% buy or something according to some charts. The share is stagnant at it's lowest ever levels and has about 14 trades a day, has never turned a profit and never paid a dividend since I have known it. Conversely HGM which I know very little about is down as a 50% sell according to the same charts. Yet it pays 7% yield and like PFC rose into +ve on the ex-dividend day. I opted to throw a little money in the direction of HGM rather than rely on the charts.

No need to justify your pension pot. It's money you have earned. All I would say is be careful as at that age I would be moving more towards lower risk investments, so could be worth keeping some in income low risk assets.