Member Info for chrishutch

:-)

To be in here or there, or both would be sensible play in my book. Good luck all.

Thanks mate, as I said before, my holding here is small by my own standards, so it is quite easy for me to be optimistic. Really should have closed my position on the first close below 160, but decided it looked oversold and could not identify a reason for the slip below 160 plus as you know the misses holds these and in her words I bought to hold for the summer and that is what I am doing.. So I figured if I got to keep an eye on them I may as well be holding some. Thought I would let it roll a little longer, looks like we might finish the week back at 160. I want this one to win more for you and my other half than me. I like smaller tech companies with growth potential and retail is not something I normally get involved with.

I guess you have to ask yourself, would i still go on the rides at A.T. Will this hurt bookings, probably in the short term.

should be back at 160 by end of week. :-)

:-)

We should bounce off this level... If we make a new year low on close, I would consider that overly bearish and look to exit. I still think we will probably bounce from here though.

We appear to be range bound between 160 and 172(ish) hopeful we should move towards the higher figure now. There is uncertainty which way to take it, so being cautious but also think the fact we are consolidating at what i call a strong support of 160 is bullish. In my opinion if it fails to close below 160 again, then the only direction it can go is towards 172(ish) I could be completely wrong but that's my take on this, how do you see it?

lets attack the high again. be nice to break out on this attempt. Anyone else have a view?

i imagine we will open up but if not will be looking to exit.

:-)

:-)

I see where you are going we did test 160 in the past that is why some of us think it should hold on the close, we tested the low attempted to climb run out of steam as in tested the high and return to test the low. We could do this many times until a direction is chosen. The it will either break out to the up side or move lower. Personally I think we might see this drop to 157 close above 160 again and then continue upwards towards the 175-188 level. My TP or at least the point I reassess the trade is 188-200 as you know. If it closes below 160 then I am probably out and moving on. HOWEVER I am not a market expert, just some bloke on a bb sharing how I see things. But I think you are investing too much energy into one company. I am not suggesting you buy/sell/hold your shares here. I am simply saying that it would be less exhausting if this trade is one of a few you hold. Diversity and good risk management are key to winning this game. If you have got five trades with a nice entry and good risk to reward ratios, it doesn't matter if 1 or 2 don't do as you expected, because the other 3 make up for it. Depending on how set up your trades you could still make profit even if 3 of the 5 lose, as the two winning trades took more percentage wise than the losers. I personally don't trade with a fixed stop more of a mental one. But I tend to have a plan for each trade, and by having that plan I can almost switch off and let the market do its thing, if I come out on top great if not oh well. This doesn't work if you attempt to go all in on one company. The market is uncertain, it is a place where the professionals or criminals as you put it, are trying to take your money and so is everyone else. Proffesionals would never be all in on a trade. They also don't make all there money from one trade. If you are 'all in' I suggest reducing the position and either staying in cash or spreading it around a bit. No single trade should be capable of destroying your account. I also note that you seem to be focusing on where the share price was and where it should be. Remembering the past is important, but remembering where we currently are is also important, in terms of fair or intrinsic value, that is great in the longer term, but if you are watching every tick up and down the only price that maters is todays. There is a good audio book that might be of interest called the Trading for a Living: Psychology, Trading Tactics, Money Management. I never have time to read so bought the audio version for the train to work from a well know audio website. . I want to stress that I am not giving you direction on where this trade is going just what my plan for it was.

I thought you sold your shares? -and got out at break even? I would not worry mate. A simple trading plan would eliminate a lot of your concerns. For instance this is mine. Entry = 164 stop = close below 160 and take profit 188-200. If you accept that you may lose a certain amount I think you can relax and and let the share price do its thing. We look like we are testing 160 again which if holds again will indicate a strong buy and I imagine shorts will be closed at this level. I think we are down albeit only slightly based on the ex divi. Some who were holding out for the divi closed their positions once achieved. The market volume tails off for the next month or so, meaning their isn't the volume holding the price up. Small intraday movements aren't of real concern unless you are day trading, e.g making profit and closing your positions daily. Which in my opinion is a sure fire way of losing money, as spread and dealing costs would most likely eat away any gains. As they say the ball is still in play and until the final whistle it's not over. In my book this is a buy at this level, but a buy based on accepted risk and a diverse portfolio.

Holding

Would have thought given the value in the share price and ex divi date as highlighted by Volcano we would see a little rise today and tomorrow. When you are ready HOME. :-)

This is in strong demand IMO

I will be holding it for similar but at the same time it doesn't hurt to remind those day traders that it has legs left in. I consider this and CTP to be worth holding for the longer term. I think both could be life changing shares. It is almost free money getting at both their current SPs. As always everyone should do there own research n' make their own choices.

Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 02/04/2015, 40 days ago, when the stock price was 2.7375. Since then MXCP.L has risen by +36.99%.Market Outlook The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.

hit 188-200 mark. Good luck all.