Dove andrai Touchstoni?21 Sep 2020 04:56
A bit of culture for you to start the week.
Imho, one of the best operas ever written is Orfeo ed Euridice by Gluck, you may have heard this tune.
https://www.opera-arias.com/gluck/orfeo-ed-euridice/che-faro-senza-euridice/
Here is the link to what it's all about. https://www.opera-arias.com/gluck/orfeo-ed-euridice/synopsis/
Not to be confused with Orpheus in the Underworld, famous for the can-can. https://www.youtube.com/watch?v=grtFa34EdgI
So what is my point about all this? What has it got to do with Touchstone?
The words of the song are Que faro sensa Euridice, dove andro ... which translates as What will I do without Euridice, where will you go Euridice..? One of the poorer translations is https://www.youtube.com/watch?v=qQuahSdTvU4
Okay then here's the answer, in a very circuitous way, I was asking 'Whither goest thou Touchstone, or Where are you going?
I hope that you enjoyed the cultural diversion, if you ever get the chance to see the opera on stage (preferably at Covent Garden) grab it, you will remember it for the rest of your life.
The same with Touchstone, you will remember this share for the rest of your life too, the same as I do with Dana Petroleum.
This week we will open strongly.
Last Friday's closing price was 75 pence as an uncrossing trade, whereas the bid/offer spread was 76p to 78p which means that the closing price should have been 77 pence, so that's our base level. The reason that it was 75 pence is that there must be a large limit buy order at or below 75 pence.
Add into the mix the fact that we closed in Canada at CAD$ 1.38 which is 81 pence, and we are looking very strong indeed
https://uk.tradingview.com/symbols/TSX-TXP/technicals/
The London open later on this morning should be in the plus 5% to 7% range. Not at the top of the Risers' board, but possibly in the top twenty. Paul has told us that there will be no news until the end of September, so my guess is that it won't be before next week, unless, of course, there is a massive flarestack showing after the drill has been completed.
My Trinny friend will keep us informed.
Week SP open - 78 pence. Prediction.
Week SP close - 83 to 85 pence. Range estimate.
AIMHO and DYOR
Let's hope that the market will do as it's told
Enjoy the ride
Dana