Member Info for DrJamain

...of broker downgrade. Brewer Dolphin recommending sell with target of 10p. Would seem comic if it weren't painful for many - I assume the ROK/CNT fears will spread for a time. I think I am right in thinking this company does have some assets?!!

currently seeing it as gap filling - the next few days will confirm or deny a new range/trend change.

going like a train today. Feels like a pretty definitive trend change

Yes, the volume around 28p got my interest. I usually mistrust a technical uptick without volume so that was reassuring. Just got into SDY for a similar reason - nice volume recently suggests the floor's established. Check it out and see what you think.

I'm wary of a rise before results suggesting a rise after results so I'll be cautious here, but having been oversold since April the uptick on the stoch/MACD combined with this price movement is pretty bullish. The chart's looking really good. I'm hoping to ride this one up to results and then make a judgment.

Got out at 50p ages ago and have been waiting for the floor to be established. Got in at 29p last week and am hoping that was it - nice bit of volume last week below 30p and now a rise suggests I may be right. Time will tell. Given the economic situation and the dependence of the sector of public expenditure I don't see a huge correction but I think 40p is not too ridiculous, especially given that people will continue to grow old so demand will not go away. I'll just monitor the charts to judge an exit point. GL.

Thanks chaps. RPT did work out really well so that's more than made up for this one. I'm going to stick to my guns here - the fundamentals and media mood music for SCHE are underwhelming but, to me, the volumes in the last few days around 50p added to the fact that it hasn't really broken that level in spite of really nasty market conditions suggest to me that this is the bottom. As a result I got in today. It may bounce around the 50p mark for a time but I'm expecting a retrace to 68p and, if it breaks that, to 79p (retesting the recent flag formation). In the meantime I'll be looking for another RPT (or even RKH - wouldn't that be nice) GL - may get some sunshine this w/e.

Cheap as chips and big volumes. Results were just not this bad and it's hardly as if the sector is going to be wanting for business! There may well be a squeeze on margins but not to a degree that warrants this sp. As for the IC article it's just a bit of mood music to get people to panic. Looking for a buy signal in the next day or two.

It has been really painful but I doubt there is that much downside from here. I see no point in dumping this unless you see an opportunity elsewhere with better medium term upside (RPT?). This is oversold and undervalued. If I'd never heard of SCHE and saw this chart I'd be looking to get in. Chin up, it will repair in time.

Beginning to like the look of the chart: RSI and stoch showing a little life after flatlining recently and good volume over the last few days. Started tiptoing in on Friday and may buy more if trading tomorrow confirms that Friday was the bottom and this is the start of a trend change.

I'm unconvinced about this reaching 40p. This has tested 45p for a few days now and is yet to breach it. If it does so then maybe 40p, but the pick up in volumes and the stoch moving up suggests to me that we'll soon see a rise. I'm in at this level. Here's hoping.

Sound company, chart looking v-promising with stoch, MACD and RSI pointing up, high volumes for last 2 days. If this isn't set for a rise then I really do have to go back to the drawing board! Here's hoping!

Fancy meeting you down this dark alley! Results promising but unspectacular as far as I can see. Pretty much the case for the whole sector. I don't see much downside is left for the builders and am betting that a decent spring will put some momentum into the housing market and have an positive efect on SPs. Technically I see them all pretty near the bottom of their ranges in wedge ot triangle formations so something will give fairly soon. What's you take on the builders currently?

I'm in BVS and other builders as well, and I agree with you about a potential fall to 260 support if results poor, however the sector is long overdue a rise to test resistance levels and I expect not to have to wait too long for that. Maybe if decent results later today that will spark a rally. We'll see. GL.

It is true that Punch has been the target of shorting from time to time (e.g. late Nove 09), however I looked at the recent rally of Punch and Enterprise with mistrust and am glad I didn't buy into it. Given the balance of risk I'm waiting for a clear buy signal. At the moment the stochastic, PSAR and MACD are negative. When they provide a positive signal I'll look at the price, fundamentals and FTSE and decide. Until then I'm waiting.

I've been in and out of PUB for a time. I'm out right now. I'm concerned about the level of debt they carry, and spending on drinking/pubs is discretionary so is highly vulnerable if the recovery remains fragile or falters. That would also have implications for their property valuations. I just think it's a pretty risky share currently. Having said that it remains on my watch list and I'll get in at the right price. GL.

Yesterday's volume was the highest since June 09, the volume occured shortly after the dip into the 45p+ range, stochastic looking up and about to cross 20 line. That suggests institutional activity to me. This may well be the trend change. Looking to get back in.

Got out at 54p taking a significant loss from 73p. Glad I did. I see this as a company at a competitive disadvantage against the Chinese in an oversupplied industry where grant/govt support is being stripped back and where technological innovation can make a company obselete very quickly. The situation in Spain will not help so I'll be waiting on the sidelines for significant institutional activity signalling a trend change. Sorry to be down on PVCS but there are good reasons for the constant falls.

Fair point but they are one of many leveraged companies who got caught out. The key thing is whether their current situation represents a serious risk to their survival, whether the management are up to it, and whether the current SP is a fair valuation. The performance of the sp over the last week suggests to me that bullish and bearish sentiment are about equal. However for my own peace of mind and sleep patterns there are probably less stressful things to be in at the moment.

If you believe, as I do, that the economy will recover at some point, that pubs will remain a key part of the leisure industry, and that property valuations will not always be this low, then what matters here is Punch's ability to manage its debt over the next year or so, and its ability to rationalise its business model to survive and then maximise opportunities during the recovery. That they have raised money throught the RI, are using the downturn as an opportunity to rationalise their portfolio, have reduced their debt somewhat, and cite declining estate valuations as a key component in their current situation, makes me feel that the concerns are overplayed.