Member Info for contrarian123

The NakedTrader is the same as everyone who has to make a living though selling lessons and books. He has some duds that you do not even get to hear about. If he was such a great stock picker he wouldn't have to teach for a living.

The old manipulation argument. Market is not convinced that the strategy ITV is embarking upon is the right one in the current economic environment. Simple as that. There is no manipulation or if there is it is obvious. You cannot keep a good company down for years but that is what is happening to ITV. We are entering recession just need the technicals to happen and they will - discretionary spending will be less meaning less advertising (when in fact it should be more at those times but hey ho). ITV with a BoD which is proven to always be behind the curve are getting punished

Ouch - on all fronts

By the way check out SUPreme - Good RNS today but timing very unfortunate

US falters ITV catches pneumonia - The upcoming hard bounce on US equities (it will come this summer in my view) may be the only saving grace but very slim chance of this happening.

The old guard are of the old buy and hold mentality it will come good. These bear markets are swing trade mode only. ITV in particular has been like this since Crozier left - It could have taken one a year max 2 to realise. But 5 it means that there are attachment issues at play.

66p in my view - Every spike in price is being sold to - big spike at 13:30 today - May have had to do with the US abysmal inflation figures - whichever way some day traders I am sure gamble on 68.5 - 70p. The risk is 66.8 as a temp floor to get approx. 1.5p return. Factor in the trading costs and stamp duty on 20K you would struggle to make 300quid.
I guess there are plenty of idiots around not understanding risk reward

Who said anything about shorting? No one in their right mind would short ITV right now - I certainly wouldn't. ITV is playing catchup in an area where it has been saturated. They should have made deals with the likes of amazon Netflix etc to provide content instead they are now trying to compete - Idiots

I see some of my posts have been removed - Clearly the boomers of this board that hold on to ITV for years and are in denial, have stubbornly dug their heels in and just carry paper losses in the hope of a bid materialising (probably when their grand kids grow up), thus reporting the truth of my posts. As always truth hurts (you will also hear the truth from a nutter and children as a saying goes in my country - and both of these I am :)

We are grinding down as predicted (look through my posts) something that others here can't seem to want to accept and talk of bids, speculate about what Liberty are likely to do (I can tell you now sweet FA - they will keep this ship down and control it so that no one else can have it), talk about the World Cup and how this might be able to turn things around (swallows and summers), post ridiculous valuations from automaton websites like simply Wall Street and other clutching at straws articles.

Volume is now diminishing on a daily basis, the price is grinding lower, my investment is barely breaking even however my previous profitable trades are holding it overall up. I am guilty too of buying into the bid rumours that have been circulating for years.
The outlook looks terrible and if my macro view is right the pain trade one October will see ITV getting in to new depths. Do not underestimate the sell-off that is coming. Summer will be sort of a reprieve (opportunity to sell).

Only stocks that will survive are the usual energy, mining of which UK has plenty. Careful with your pickings

Market does not trust Carolyn McCall - She has been presiding over failure since she took over. She could announce the most brilliant strategy no-one buys from her. Simples. A change in leadership is required and more market focus

Volume prior to the big crash on 3rd March was 8-9M avg. Since the 4th April volume has been declining from avg 15M to 13M. Seems that there is more volume on down days than on up days. Before the crash we were averaging 8-10M. So more activity now which the optimist in me suggest some sort of bottom is being built.
There seems to be a point of control at 68.5p which suggest this is the medium term bottom. Unless it clears 76p convincingly we cannot say that it will reach 110p. Big volume parcels between 60.5p and 76p currently stuck in the middle of this range hence why I say it will be going sideways for some time until there are some positive news.

Since the 16th of May ITV has managed 6 days (non-consecutive) above its 8-day EMA and 5 days below it. Todays looks like it a below day so even stevens. Sideways motion and possibly a slow deadly grind downwards until either an activist investor comes in to sort out all the softies in the BoD - thankfully the chairman (another great waffler) is going - or sense prevails and they backtrack on ITVX

Clutching at straws

Amber Rudd purchase is a pittance and probably a condition of her employment

I say incompetents because I still think there is a hidden agenda here but since I have no proof and after all you are dealing with one of the most hated professions in the world, one must choose their words carefully

This is it - Below 16p there is nothing - Maximum fear deservedly so considering the seemingly incompetents that run this co

Rover I would take 2/3rds off at 8.5 as it is resistance and leave the rest on a trailing stop no more than 1.5p in case it jumps higher.

let's get unfiltered at 5.8p or whatever equivalent after the split - still waiting on that one bad news RNS - law of averages says we shall have one - after all it is AIM and it is a mining co

"Equanimity" - your command of the English language is impeccable. Patronised CaneToad like a true Englishman. Do tell us what part of the legal profession space you occupy?

One director has bought out of how many? Jeremy the champion of delay dither has bought none. Like me he is waiting to strike at maximum fear