Member Info for Chartist2

...and 865p tested again. Its still holding right now, but if falls, then retrace down to 850p where last week Fridays gap would be filled. Down at 850p or 835p basically all new value from last weeks RNS has evaporated. Good for everyone who has kept the powder dry and can come in freshly. Good for those who managed to trade quickly in- and out in the high 900`s and aren't locked in right now. Good for me maybe, as I am seeking the main purchase of 3-4k shares around or below 850p. Just my opinion. Astonishing how the Sp is being driven down day by day, as not many shares on the LSE retrace two or three percent every single day, right? You can assume that not many (large) holders can have survived such a price crash from 930p, or even 950p, down to 860p, 850p or even 835p. Shorters dream this week?

And and again they are trying to drive out investors. Same procedure as every week. And this time they will try to breach with a final target of 850p. (But I would not bank on that if I were a shorter...)

Yes those are interesting sudden announcements! After all, someone needs to buy-up those 306,000 shares of the crook :))) No, honestly, Fastfood: I've learned that a sudden news (good or bad) is often followed by more news. Directors buying is good news, although mosty used for company PR. Their main objective today in my opinion has been to show something to the market - anything at all. In the meantime: More news is likely to be in the making, such as for eg the search of a new company CEO. How to tell? The share price always speaks the truth. Take a look again at this one: 1-Month High: 955.076 This means that something is afoot. Of coure you could say its been simply Woody & DB increasing their holding. Yes, but if the share price stays above last months silly lows (792 / 836 / 856 / 865) then expect a decent stabilization around 880-908p and continued announcements. How to ride this nasty bull? IMHO if the drip drop continues: I will only pull out 50% of my inestment and remain invested with the other half (part of former gains) through thick and thin and see where Woody is taking us. Lots of talk between Invesco - Woody - Deutsche right now.

jetcrowts, Your gut feeling now? Pulling the plug... or staying until the maximum lows are tested? As for the chart: - mid term support lines keep holding - new long term up-trend has been paused with the breaching of 908p - major bullish alert only IF the 925p wall is climbed, then rise to the mentioned 1060-1090p

Same news, but different: Love the expression "star fund manager". By Jessica Tasman-Jones 17th October 2017 8:33 am Neil Woodford has upped his stake in Provident Financial as shares in the consumer credit company double from their August lows. According to a regulatory filing published late yesterday, the star fund manager increased his stake from 19.1 per cent to 20.1 per cent. Provident shares jumped 12 per cent on Friday morning when the company released a trading statement regarding its recovery plan, which involved devolving responsibilities back to regional managers. In August, Woodford said he was �hugely disappointed� by Provident Financial issuing its second profit warning in three months, which saw the company lose two thirds of its value in one day. Hargreaves Lansdown senior analyst Laith Khalaf says there is a still a �rocky road� ahead for the company, noting it doesn�t have a chief executive and its credit rating is �teetering on the edge of being downgraded to junk�. It is also being investigated by the FCA for sales of a PPI-like product. Provident reiterated that 2017 losses from its consumer credit division could reach �120m and that it would not be paying a full-year dividend. There are still reasons to be cautious though. Companies in recovery can go one of two ways, and the rewards, or losses, are usually high. Provident still doesn�t have a CEO, and the financial watchdog is investigating sales of its Repayment Option Plan to Vanquis Bank customers, a product which looks a lot like PPI. https://www.fundstrategy.co.uk/woodford-ups-provident-stake-shares-double/

...and 875.50. Someone suddenly stopped the slideshow presentation as from 866p. Quite some testing today! So it looks like 865p and 875p will be the key figures for all future calculations.

...and 866.00, one tick and that 865p target has been reached. Will it mark todays low? (Within only three days of trading, Invesco & Woody have seen a substantial decline of their companies mcap.)

...and 867.50p. Target almost reached.

...and 873, 872p, so here comes the slide to about 865p. jetcrowts, win some lose some? Will you try to buy a decent lot at around 840p with me, in case that 835-850p gap is closed in the next days?

In the meantime, since a few days, you can see a massive double bottom formation on tradesignal-online, which indicates the end of this month long wobble. - First bullish alert if 900p is climbed - New, long term bullish signal if 925p is climbed - Then rise to about 1060 - 1090p within one month timeframe DYOR anyway!!

Same pattern as las week: Monday, 9th October; rise to as high as 900p, and then pushing out holders to as low as 800p and 790p until Friday. This week: Rise to as high as 955p, and the drop by drop retrace that could continue until Friday. Either down to 850p, but there is a large chance for PFG to hold at the confirmed 875p.

...and 875.50p for a second. Another good day for shorters actually. Or is it another trap, to spike them out later? Lets see.

Now that 880p is breached, PFG is headed to the intraday low from last week Friday, 875p. If that fails to hold, then finally 865p. Just in case anyone looks for shares cheap as chips : )) (jetcrowts, you have probably placed an AT sell-order in case of an intraday rebound, correct?)

...880, if this is breached, then it will go to 865p and very likely hold there, on the intraday low from last weeks share rise.

...882p, probably testing 879p soon. jetcrowts, very good gut feeling of yours with that estimated 850 Pence! I usually do one or two "test buys" when investing and later buy the two main chunks. So why not place a buy at 850p right now , even if its only for an intraday downspike? (The last chunk even placed lower.)

Same like last week, "they" could be driving this down the entire rest of the week. (Renard, one of the key factors is to hold only what you can afford to...)

...887p, ...885p, so its testing the lows from last week. (Will I get the 845 - 850p gap filing I was waiting for on Monday...?)

jetcrowts, and what does your gut-feeling tell you about today? :)) Actually this could retest the latest 887 - 884p lows. But then I think they will flush out shorters again like they did over the past few weeks. On the one month chart this remains in an up-trend ...and even the lowest lows around 10th October were just temporarily and probably meant to kick out a few holders.

...and again at the 907 - 908p support. Jetcrowts, are we staying in overnight? Or did you close your position with the intraday downspike?

...and back above 920. RDR, its all about the amount that you are willing (able) to place. - If you are the average investor and handle 5 or 10k pounds, you will easily survive all swings. Fifty Pence? Does not change much for a PI. Lets be generous and think what you can lose (thus invest). IMHO a 10% stop loss does not make sense for a share like PFG. - If you are a daytrader and shift around 50 or 100k for just one share (or even borrow money), then every hour in this share must feel like a prison, and you can't wait to sell at 950p. Quite a few pro's risk being kicked out at 880p, like it happened this morning. As for me: I am undecided if I should sell at 950p. Its too much hassle for my currently 2 x 250 (yesterday) and 1 x 1000 (today) on its way up to the valid next target of 1,039p and later 1,190p. Moreover I prefer not to suffer from a nervous breakdown. Go take a look around: There are very few calm and balanced pro's out there, who will hangout at Holmes Place later on this afternoon with me. (Will you, jetcrowts? :))