Member Info for contrarian123

Bwana
It was low 90's high 80's but now I need to re-consider. I honestly do not know. I prefer not to buy in a downtrend. Time is on the buyer's side here. I need to read the RNS's

waiting room - I will wait to see the price action as always. This fundraising has surpassed my bad news RNS expectation. I was expecting some sort of engineering trouble not a fundraise. This indeed puts a spanner in the works however I want to understand also the extend of the directors commitments to this placing.

As I said only a couple of days ago. I also said I am waiting on the narrative.
There you have it.
I am sorry for the people who got sucked in at a seemingly low price in the hope that there would be a bounce. Despite my best efforts many of you did.

I use TA which has been discredited by many and it was obvious to me that we were at a critical stage - I never hid it from anyone here. Couple that with the wider economical context which I always emphasised and there you have it.
Dilution.

Now I very quickly scanned through the placing RNS and I noticed that certain directors want to participate but I think I read it was to the tune of 56K.
Can someone confirm this is indeed the case or more?

Finally I see a lot of people are angry and especially Mr Martin who a few months ago all I could re3ad here was praise.

Believe me this is AIM none of these characters care about you. They view this co as the cash cow that will provide for their retirement. We all exist so that they can milk us. The Stockmarket wants to take your money - it's up to you to invest it wisely

even TESLA the darling of the battery boys/girls reported missed earnings from estimates that were revised down by the MM's. When TSLA and APPL fall they drag the entire market down.

of course back in the days of 5p when HZM seemed to be a bargain, there was no fears of recession but yolo time from investors who took the lows of COVID and brought the stock market to dizzying heights.
Now we have fears of capitulation (not recession we are in one despite what every one says), credit events from big banks (Credit Suisse, Deuthche Bank to name a few) and a serious debt pile. Elections in Brazil where a populist government (as it is the norm these days for populists to rise), may do or promise whatever it takes to appease the masses.

Fundamentals do not matter so much as market psychology, which when negative leads to indiscriminate selling

Remember that on the 2 previous occasions the price reached the bottom of 97-100p the next trading day there was a positive reaction. This is the 3rd time and nothing so far.

Remember that price always leads narratives. I am just waiting on the narrative to come along now. Could be something negative from Brazil, could be something from the company that is delaying again (typical BoD) to produce an update, could be anything. There could even be something positive. Who knows.
Gamble responsibly

In the interests of balance the 200 week average is still pointing upwards.

The first time HZM did broke its 200 week moving average was in November 2011 had a brief fake breakout above it and stayed in a downtrend below its 200-week MA until September 2017.
Since then it has broken it downwards twice and recovered. This is the 3rd time and it has been hovering around the 200-week MA for the last 13 weeks and a good break to the downside today.

Just reporting facts. Buyers exercise caution

Be vary wary of afternoon RNS's Slurms...

Exactly Clever. In a downtrending market never buy at support wait for a breakout and/or positive news.

I would have read it all your post Nigel but I snoozed half way through it. Good luck

Nige - Have not been consistent all these years by saying and warning everyone that what you were posting about fair value was simply your average and it was just wishful thinking on your part in order to exit? I have
Have I not been warning a few months ago that you should plan an exit? I have
A few days ago I said there will be a bounce and there will be one just be aware that Q1 more pain.

All you do is point out how bad Tom has been doing in order to hide your denial about loosing money and credibility in ITV share board here. So please do me a favour...

Also there is no need to quote and write below - it's boring me to death

Nige you are the polar opposite of Tom - He teases and you bite. You have been on the wrong end of predictions/projections for over 2 years claiming ITV has fair value, depending on the prevailing wind and simplywallstreet (of all credible websites!!), of 1.60 to 1.90 I think.
I have been warning everyone that this was not the case and fair value is of low importance to price action and market sentiment.
Tom teases and you bite. I think you need to be more constructive especially if he is gone now thinking that his postings here have influenced the share price. A great imbecile!

Tom you seem very angry. If you feel superior to the likes of solely janus Nigel etc. you should rise above them. My views on ITV were similar to yours in that it was going down as well as the poor management. But you are very bitter because you felt attacked. Don't be it helps with you mental strength.
Also you have timed your entry wrongly. You are catching a falling knife. There may or may not be a further fall but to increase your chances of a good trade buy in an uptrend. For instance look for ITV to bottom out for a few days and then do a close at least above its 8-day EMA.
All you are doing now is gambling

woodster - the price has been showing nothing BUT weakness. Pops to 115ish and then back down since June - Anyone with their head screwed on, unlike many here in the echo chamber with their confirmation bias , would see that it is inevitable it breaks down. Barring of course some unexpected news of a buy out. I prefer to live in reality rather than dum Spiro spero

The directors are very good traders they see the chop and are waiting for confirmation of a breakout (lol) ??- This is why they are still not buying even though the project is not of strategic importance to Brazil (bigger laughs here-slow news months...)
Looks like it is heading back down to 100. Will it break this time to get to the high 80's?

they said - well f**cked off with this one. Just cant get a break

Higher rates will be here for longer. Unless they want to crash the pound into oblivion and UK to become more of a banana republic than it already is.

Yes I was right to predict it but now if ITV and the general market finds support here there is an upwards path to the end of the year with a few dips. I don't advise anyone to buy but there may be further opportunities to exit if you so wish. By no means a recovery

A strong dollar is not the policy of Fed as it inhibits exports. The dollar is strong because all debt holders outside of US are rushing to buy dollars to make their interest payments. Eventually it will stop well before HZM starts actually earning