Member Info for Bluelight

Its dangerous territory to be setting buy and sells in such tight ranges (2%). When you're right great, but I'd imagine you get it wrong as often as you get it right. Also assume you close all trades before close, other wise gaps will kill that strategy (unless its guaranteed of course, but then you pay for that through a higher spread, or trading fee).

Surely that can't have worked today... If the high was 538 and you set a low 2% lower, that's a buy at 527. I've not seen it pop up to 538 today to make a 2% return, unless I'm going mad with my maths... I bought at 520 and I've not seen a 2% gain today, never mind buying even higher. If you'd bought at 517 you might have been able to scrape a 2% gain, but that would mean perfect trading at the absolute bottom, which would be hindsight trading. This kind of limit trading etc in my mind is more work than its worth. I'm happy to dabble on days where I see upside, but over a longer term buying and holding provides a better return (in my view).

I also put on a day trade long at 520 by the way and its made a negligible amount so far. I thought we'd retest the high but it has just sat at 520, which is an unusual trading pattern for PFC, so obviously some bigger deals going on behind the scenes which disrupt it.

That assumes you buy at the lows and sell at the highs. No trader in the world is that good. For example the 538 this morning, was 8am when the market is illiquid, so highly unlikely you could sell there. Yes you could have bought at the 520 low, but most you'd be up is about 1 and a bit % , so not even worth getting out of bed for.

Of course Ifonly, but that's the stock market for you. We are small fish in a very big pond, and when the big fish need to undertake an action they will manipulate the prices to achieve what they require. Its the same in any market, be it financial or physical. Only ever short term impacts, just one of the delights of the market.

Its not a good day trade stock today, its just being kept around 520 all day. Obviously someone getting something done today at this level.

Someone's obviously trying to get a big deal don't today. Usually see big deals have occurred on days where we get weird price action like today. Being kept at 520, my feeling is a broker is trying to fill a large order at this price. Otherwise this would be up at 550 today given the markets.

Given Asfari just bought �10m at around 500 I think the chances of getting anywhere near that are rather slim...

Good setup for a long day trade this. I've picked some up this morning, hopefully make 4 or 5% over the day.

No way Retour sold. Not if his views were anything to go by. He will be gutted if he has, but I doubt it.

Fair play. For me its got 600 written all over it in the near term.

Back in yet ifonly?

Nice start to the week, looking very promising

Indeed. As I mentioned to ifonly, letting daily share price moves affect your trading decisions often costs you money. We all have to learn that for ourselves the hard way, I certainly did in the past.

Lol. Wondered how long it would take to see old news regurgitated. If all the ammunition thats left to try to put a negative spin on this is year old news then quite frankly might as well be firing blanks. Asfaris not just at the helm, he owns 20% of PFC. If hes buying even more its because hes very confident in the company. Anyone not looking at loading up if they havent already done so, is mad imho, how many more positive signals do you need...

That is a big trade! I know being optimistic isn't very fashionable, but everyday this gets more and more positive for me. Just waiting for the sharp drive upwards now.

Sorry, what I meant was. The shorts at around 600 plus (that were put on a year or two ago) will have been put on based on expectations of weakness in fundamentals. The shorts that are being put on now are just based on short term technical signals (and removed when the signals change). So we will always have short term shorts around, but the longer term shorts should be dropping off. Which we are seeing from the bigger shorts which have reduced heavily. To me that suggests the longer term view is now to go long.

Even if they'd been short from 600, paying a 5-6% annual divi payment must really starting to chaff on them, and eat into their returns, especially given the positive fundamental improvements of late. Seems harder and harder to justify a long term short, other than short term technical long/shorts. Much better shorting opportunities out there

It doesn't matter of its a big one time contract or lots of smaller ones that add up to the same value, it's still new business and adds to income, and continues to put to bed all those nay sayers that say they aren't winning new contracts. In fact I'm surprised its not seen as an even more positive that they are winning lots of contracts from multiple different companies, shows that their reputation is strong across all regions and customers. It will re rate much higher soon I believe. Only so long it will keep low when negative views are constantly disproven.

They are really racking up the wins recently