Member Info for Chartist2

What counts for now, my2penneth, is to see the trading pattern with ALWAYS LOWER LOWS. Even today. Everything is back above 920p. This already is a big step in the right direction. (Or do we fancy 790p again?:)) @Retour_du_Renard, Care for some input from the news-research front? Where the hekk are you anyway??

...915.50p. - today only little volume - In my opinion safe to hold as long as 908 is maintained - if breached, then another slide to 870s - first bullish alert IF 925p is climbed - long term buy IF the massive 935-940p wall is climbed

Judgemental, Thanks for this wonderful five min laughter!!! -------------- "...cloudy with a chance of top up is my view."

TheTraveller, while long term this share should be okay, expect to see some nasty down-spikes - even at the opening on Monday. IMHO. How to protect? Its been very difficult to keep track of PFG and avoid our stoplosses beeing taken out. PFG managed to shake out some of the early investors, simply by spiking down to 700p again. Some peeps have been shaken out with a substantial loss, while this share is back to 900p. As you have such a large sum invested (and market makers can see your stops), expect them to try to trigger your sell as low as 870p or even 860p. Given your very large entry - and your late buy as from 920 or 930p, any sudden intraday 80-100p downspike would mean a substantial loss. Corre. ust keep this in mind next week. Even during a wonderful bullrun to 950p, PFG has recently seen nasty intraday lows. It will happen again and again. I still planned to pump in 3,500 shares, to 5,000 altogether, but at the mo I only hold what can afford to lose. Can you?

@Traveller, Very risky thing you are doing with such a large amount of shares! IMHO whatever you do, be prepared for a bumpy ride ...and even to see 850 Pence again. Looking forward to 850 Pence? Not really?:)) Then just remember that here you have to endure a 100 or more points drop, as it happened again and again. Anyway, I assume that you have large cap investor anyway. Have a good weekend everyone!

John, Nice joke :)) But that's a bit to general formulated. So how about this one: - bullish alert if 925p is established as the new base - buyers are fighting fight hard right now to claim the 934p wall - if 934p is climbed, leap to 940p and 960p - as soon as 960p is climbed, expect an upleg to 1060 - expect more rise on Monday. Always DYOR anyway! And hey, don't bother with too many silly details, unless you sell and buy back shares on a weekly basis. I suppose you don't :))

------------- "There can be no rise this week Friday, because there are no news whatsoever scheduled. it will take many weeks before PFG will be able to make more announcements." Retour_du_Renard RDR, I would like to understand your second thoughts about this share, transforming from PFGs biggest supporter in Aug. 2017 over to its biggest skeptic right now.

Renard, TomE, jetzcrowts, Where are you guys!? Turned your back forever??

...and back to 929p, strong bounce at the massive 934p wall. If 934p is risen on Monday, expect a rise to 960p.

Fastfood, Your posting from Thursday (Thu 08:01) was very very clever! 935p climbed just now. Now lts see if it holds this time. If it holds, then expect a share spike come Monday. Next spike will be to 960p and the mentioned upper 1060p levels.

Right now bouncing at the former 934 barrier. Could take a while until it is climbed. - if 934p is climbed, then new, long term rise ahead (confirmation at 940p) - then quick rise to 960p - if 960p is breached, then rise to 1060 - 1090p

...932p, something is afoot here, folkies! (Maybe CEO announcement imminent.)

Volume breakout / spike only a few minutes ago. This could re-establish at 940p today. And what is happening behind the scenes? Maybe they found their new CERO...

...and 922p. Quite amazing actually if you think about that ridiculous 862p level yesterday.. Someone was "gold digging" for some more shares! Okay, if this closes above 925p, then expect two or three days with rising price next week. That 1,060 could be a near target. (jetcrowts, are we selling as from 900p and 904p?)

...and 897 - 900. IMHO the next short term bullish alert comes if the psychological 900 mark is climbed. Confirmation when 908 is breached. Here comes the next attempt to take - and establish - 925p.

...and 889p, something is afoot here.

Speaking of: Expect strong profit taking a long time before the mid term 1,100p target is reached. Just pointing out the difficulties to join/trade a sudden bullish ride. If tomorrow morning this spikes to 955p again, you will see quite a few people selling and taking profit. More shares for Woody & his billionaire boys club. That's the meaning of it. So even during a marvelous up-trend, a share will shake off and flush out weak holders.

...and 883p, something is afoot. Yes, Fastfood, from one day to another you could see a substantial spike here. My humble worthless opinion for the next steps ahead: - stable sideways as long as 865 - 875 is maintained - first small bullish alert if 885 is climbed (almost reached this minute) - bullish alert when 908 is climbed - long term bullish alert when 925 is breached - then sudden rises to 1060 - 1090 likely. Looking at the sudden plus today (classical bearish attack and then bullish reversal) the rebound could start as from tomorrow, Friday. History tends to repeat itself. We can expect a gap up opening tomorrow morning.

...and 879p, back above the crucial 875p, and even reaching out for 880p again. Also the buy-sell ratio is balancing for the first time in weeks. Sells: 105,128 Buys: 117,298 Whoever hasn't been flushed out after this weeklong pressure either has nerves of steel or a super low average (or simply a super low amount invested:)) In any case IMHO its best to ask yourself why you are in this share? How much am I willing to risk? If you cant survive 50 or 100 points retrace, then you either work with silly crazy leverage - or have simply too much short term cash invested that you cant afford to lose. I for one see the recent dips as an investment that I make for the upcoming rebound, which is a substantial new level (very likely between 1060 - 1090p). PFG will not go out of business, as some thought/feared/assumed/hypnotized over one summer weekend. PFG will continue as per usual over many more decades. If the worst news right now is that they haven't found a new CEO yet - and that the company will be fined another 150k Pounds... then I can live with that. Looking forward to the Christmas season and the new amount of lending!

Hi tinlid, please take a look at this nice simple chart on LSE uk and click on "candlechart" and then "redraw". There you will see a gap from Thu, 12 Oct to the opening on Fr, 13 Oct. A share normally tries to close the gap that is created by sudden (unfounded) movements. And if you look at the recent days, syou see that we have come very close to that. http://www.lse.co.uk/ShareChart.asp?sharechart=PFG&share=provident_fin So there has been a chance that the gap from the high on Thursday (804p) and the opening on Friday (850p) will be closed. Right now it is unlikely because it seems that Woody & club have placed large BUY orders at 865p where the Sp seems to have reached rock bottom.