Member Info for Chartist2

...Sp probably going to 938p in the next few days or two weeks.

buller, this weeks strong opening, but later with difficulties to maintain the 1000 level is pointing to a retrace in the next few days. Expect 950p as the next step. (I for one would only short a share that I do not hold - and sometimes do not like. Or I try to appreciate from a sudden - sometimes unjustified - up-spike and short this way) From my pro-trader friends those who trade bullish are much more successful than those who go short. Easy to be caught on the wrong foot there. Why is that? - Because if you are "short", then you are on your own out there - joined only by a few other sharks. - If you are "long", you will be assisted by the normal shareholders who often use a price weakness for a large top-ups, thus maintain the price.

TheTraveller, good man. I am very happy for you. Bravo! Basicaly those shorters from Liberium Capital paid for your profit :)) Of course my posting about that late reported share buy was meant to be a joke :)) No advice meant of course! IMO you should think about building a decent portfolio of shares. Like a gardener you will take care of your PF every other week and swap here and there if wished or necessary. With a decent ten, twelve or fifteen shares in your portfolio you will always some sort of "iron in the fire", where from month to month some of your shares outperform the others and so on. And if one share lags behind again (or sucks like PFG) then you live worry free, because your will be occupied with several other winners. Best to sort it through different amounts: 1) Large 30-50k gbp stakes in FTSE blue chips 2) Large stakes in foreign bluechips recommended in your newspapers 3) Normal 15-25k stake for large-cap opportunity shares like PFG or some large gold miner 4) Mid sized 10-12k for medium risky shares like ARS or N4P 5) Small 5 - 7k stakes in risky shares like EUA or WRES 6) Ignorable silly small 2k amounts for some high risk betting 7) And always a decent amount of cash in your backhand to be able to top up etc. This example is for a 500k portfolio, including 75k cash reserve. If your overall capital is somewhat less, simply take the above figures and adjust them accoringly. The average european shareholder only has around 35 - 70k Pounds in stocks. No advice meant, but we are ought to keep an eye on the financial news right now!! The interest rates are set to rise globally, which will not be good for certain stocks. ---------- I sold 9578 shares today (am) at �10,12, profit of �6976. i did input 9580 off but for some reason they only sold 9578,, still holding 2 off at 9.40.

And the winner is... Provident 1,002.00 70.41% Leisure 0.915 48.78% Amedeo Res 14.50 38.10% Sky Plc 1,331.50 20.50% Marechale Cap. 2.45 19.51% Abaco Capital 1.475 18.00% LSE.uk

...also the spread has eventually entered civilization! One is getting tempted to top-slice a few... Someone must be looking for more shares. Spread as %: 10.42%

Well done, DD77! Especially with your patience down at that totally unbearable 550p price line!!! @TheTraveller, was that you...? 27-Feb-18 / 17:11:17 / 1,002.00 / 6,300 shares Buy* 998.60 - 1,000.00 / 63.13k gbp

Well said, MrCautious. They did... And now lets see how the FTSE will like todays Dow Jones retrenchement. @Fahad, yes, the participants eventually can add s substantial amount of new shares to their current holding. I guess that Woordford & Invesco will fully participate :))) "...it is completely illogical, RI is set in 300's but share price is trading over 1000, go figure!"

Everything above 9.70p means nice and stable on the long term trend line. IMHO the next bullish alert when 10.65p is climbed (confirmed at 10.80) Where are all the news-digs all of a sudden? Mindanao...? Anyone?

GrumpyScouser, no problem! IMHO you can come back at some later stage. No share rises in one straight line. Furthermore PFG will offer many more trading opportunities, whether you are a weekly or monthly holder. Right now its trying to breach 30's, but the wall is tough. New up-trend alert as soon as 1,042p are climbed ------------- "Sold out a while ago with a safe yet modest profit. Took a peek yesterday and thought 'blimey......right down there!' So stayed out and worked hard today..."

...and that mentioned 20ish line is nicely being climbed this minute. (Wow, 1,029p!)

As to some questions about the "new economy spikes": 1) Todays rise is first of all a re-buying from the II's. I think that in the next few days we'll be informed about a percentage increase. 2) Moreover today is a massive shorters squeeze, and all those gamblers who didnt manage to close their positions, lost 430p per share as of this minute :))

Now as one or the other cockroach finally left, the mentioned 1,000 line is being firmly established. Moreover PFG is making attempts to climb 1,020. But all in all still too early.

That 1,000p mark still seems to be supported for now (1,010 - 1,015). Quite a struggle there. Sold: 3,521,830 Sold: 3,407,881

One strategy could be to bet on a retrace to 940ish and 920ish where it might reconnect with the former trendline.

Dec 2017: "Liberum Capital believes there's no reason to change its view that Provident is a conviction sell. Analyst Portia Patel said Liberum had previously raised concerns about Moneybarn's lending approach and rising impairment rates. She added: "We see no evidence as yet to change our view that the home credit business has been permanently damaged." https://uk.linkedin.com/in/portia-patel-cfa-762aa84b Sorry to say, but some of the shorters (or their consultants) are out on the street today. This is a bigtime wash-out and could damage some of the early shorters forever. Always a dangerous game :))

So who are the shorters who got heavily burned during those up-and-down wobbles in recent weeks? Some of them might have lost their job today... ------------- Dec 2017 "Liberium Capital have nothing to do with shorting. They are merely advising shorters who want to short." WiganWarrior

Well done, my good friend! And I am very happy for you!! Later I would come back and work/play with normal market size, lets say 3 x 750 shares or something like that, that you can easily sell. (IMHO also remember to only invest lets say 30% of your net worth into shares.) (Remember to have some free money for other punts. Right now ARS/Asiamet has nicely retrace and could start its rebound. The same for GENL which are making first moves forward once that 133p are climbed.) (PFG could actually see a retrace down to 900 ish and 800 ish again. We might buy back in togetherm ha ha!) ---------- "Out now at �10.12 will wait and see where it goes and hopefully get back in. Only put in say 30k this time." TheTraveller

Well done Thebaker! very well indeed! And well daid, the buller! HeadingNorth-HeadingShouth: The Sp has mostly risen because of a short squeeze. Professional shorters from Liberium Capital have lost a fortune this weekend. The Sp will likely remain in a decent high average. If 1,000p is breached, then normal technical retrace down to maybe 950 ish and 900ish. Right now the 1,000p holds persistently well. ------------- "They plan to issue another 104,998,731 ordinary shares at massive discount of 315p per share!. This should be a warning. They are desperate for cash it seems. Im staying out of this as I expect a further drop towards this 315p price. I think it will settle somewhere between its previous 588p price and 315p new shares price. I might buy at around 450p in coming weeks if it drops that low."

And where is our friend Retour_du_Renard...? On holiday in France? ---------------- "Where shall the good news ever come from...? PFG is going down down down, and nothing but down." Renard

Omedome, you've been lucky 8and smart as well)! Your new current short could work nicely. Right now the Sp has problems at the 1,000p barrier. If this 1000 is not climbed, then slow steps back down, probably to 950 ish at first. (TheTraveller, did you sell a few shares and lock in a fat gain as high as 1,100p...?)