Member Info for E_AL

"Coolebenji : This one is for you E_AL:

2 hour chart for day's end... resistance becomes support... support still valid ...micro analysis today’s low was higher than yesterday’s low...

https://pbs.twimg.com/media/ECCw0EcXkAAiAgI?format=jpg&name=4096x4096 "

Thanks mate !

Hi benji ! Glad to see 6p maintained its position as a support point over the past two days . Shorters tried on several occasions to break it but as soon as the sp hits 6p buyers show up. I was a bit concerned that the sp will slide to 4-5p zone similar to last month but technically July’s drop is different to the recent one because in July the sp dropped from teens straight to 4-5p zone while this week it dropped to 7s and since then selling volumes has been decreasing (today we receached a matching point , Sells=Buys) & the sp bounced back up from 6p on several occasions , which seem to be the new support point. We got a couple of bullish signs here so let’s hope for a blue day tomorrow !

Good thing about today is that the sp ended flat unlike the past few days and the overall buying volume almost matched the selling volumes.

# Trades 424
Vol. Sold 6,633,303
Sold Value £398.66k

Vol. Bought 6,186,554
Bought Value £371.81k

Comparing these figures to the past couple of days :

Monday (RNS Day) : 23M Buy vs. 30.5M Sell
Wednesday : 14.9M Buy vs. 18.9M Sell
Thursday (Today) : 6.18M Buy vs. 6.6M Sell

Sp kept bouncing back up from last July’s drop support level (6p). so fingers crossed for a blue day tomorrow.

First day since the drop the sp ended 'almost flat' ! I think the sp will start to show recovery from here.

adzy2k11, Selling pressure decreased since the recent RNS day .....

Monday (RNS Day) - 30M Shares were sold
Thursday (Today) - 6M Shares sold so far

TCG shares are unborrowable atm so its getting more difficult to shorters to keep the selling pressure on...

Yes Dan, this is what I am doing here but again its your money your decision.

Dan, no one could tell where the sp will be tomorrow (TCG or any other company listed on LSE)

Again, I am here to trade TCG not to hold till OCT unless BOD willing to explore an alternative deal with NK. If I was you then 6p seems to me a good price to avg down then to cash out once you get the chance to break even or with some profit.

But its your call really......

Dan , whats your average ?

Dan.p the sp is really cheap at this level for the brand name and the company's assets but the problem is I dont think that this BOD represent the best interest of the shareholders so unless something changes before Oct, I wont hold a position here waiting for a miracle.

Having said that, I strongly believe that at this sp level you could easily make some money trading TCG....

Oh and if you are new to this BB , my advice is to ignore the paid troll (illbetabuck) and his multiple accounts ... I filtered him a couple of days ago ; )

Atm there is around 1.2M on the BID above 6p !

Fingers crossed......

I am not here till they the end unless they are welling to explore alternative deal with NK ...Anyway, imo its a share to trade atm so I am waiting patiently for the sp to climb back up to 9-10p which is very doable from this level (or more if NK releases any update about the deal which he would like to propose to TCG)

@Dan.p, I agree and there is a nice support on the BID atm , around 800K in total above 6p

Seems to me the sp is ready to bounce back up from the last month's support level.

Check Benji's chart : https://pbs.twimg.com/media/EB68F_BWsAA3dai?format=jpg

Nice buy just gone through : 12:59:48 6.50 370,027 24.05k

Puss1984, I asked TCG IR about the Daily Sabah article and they refused to comment. According to LSE regulations any price sensitive info. MUST be shared with public so they cant inform their employees one thing and hide it from the market. They could have passed me the exact same alleged announcement sent by BOD to their employees...

Around 800K currently on the BID just above 6p.

As I mentioned earlier this morning, not sure what the shorters' plan for today but the sp trend has been moving slowly since the opening and differently to the past couple of days since the recent drop. Maybe because the sp trend has reached last drop's resistance area so shorters becoming a little bit careful now & bargain hunters have been picking up any Vols just above 6p? anyway, we'll see.....

I hope you are right VCB2.

Not sure whats the shorters plan for today but the sp trend is moving slow &very different to the past couple of days. No big Vols being sold/bought since the opening apart from the ones you pointed out and another £9K buy I spotted ... . Maybe because the sp has reached last drop's sp area so shorters being a bit careful now ? We'll see.....

Thanks Lawson for the clarification ! During the auction period, there may be a point (or price) at which the best BID and best ASK match and an afterhours trade takes place, this trade on the London Stock Exchange is known as an Uncrossing Trade : )

I didn’t say it’s a buy (or sell) .. I just said it’s a nice trade !

Great if it was a buy, if not then it’s better to get rid of 100K worth of shares in afterhours ; )

Benji, I agree the chart is still valid & its good that volume is back to the average daily average (Yesterday we had only 50% of the average daily volume). I think many bought around 6p in the early morning knowing it was a good support then sold for easy 10-15% profit... Lets see how it will go tomorrow..

Nice afterhours chunky trade :

16:35:20 6.15 1,628,834 100.17k

Thats a good idea Amers ! Thanks