Member Info for ELSteve

Perhaps the share price went up after the trade as the seller had been cleared out !

Unfortunately not, just someone with a line into a market maker who is not best offer

I actually quite liked the results and the special dividend, I do agree with some of your sentiment and that cost inflation could be looked at as a warning however with the share price a little over half of what it was a month ago surely some of this must be now priced in. I also like the fact that Lindsell Train picked up 5% a few weeks ago and certainly agree that longer term investment is fairly compelling now.

IG will B book all of the trades so you are not trading DMA, the problem here is that when you try and exit a position during a fast market the system cannot cope which is what I experienced whilst trying to sell 88E when it spiked over 4p and my resting offers that were 0.2p below the bid were not getting filled plus their quotation system always fails in a fast market. Trading options with them is probably slightly less enjoyable than Colonic Irrigation, their prices may occasionally resemble the actual market but this is purely coincidental, the bid/offer spread is so wide to make it untradeable and often goes into backwardation. Just a little flavour of my dislike for them and don't want to go on all day.

Sorry but I wouldn't recommend IG to my worst enemy, that would be just too horrible.

Hi Stas hope you are well, or maybe drop the price to try and pick up some cheap stock today and drive it up tomorrow to sell to the dividend buyers !

Thanks for clarifying the dates Stas, that makes more sense now

Thanks Stas, I don't agree with the Head and Shoulder formation you refer to as the formation itself is not clear and also the neckline should slope up when this is not the case. I will defer to your greater knowledge on the fibs as sadly I don't have this function at the moment. Fundamentally I believe the 10.2p was a price representing below net asset value, proved recently by 88E's purchase of 300 bpd for $9.7m and whilst I do enjoy looking at technicals for levels I still believe that fundamentally we should have performed better over the last week and am actually a little disappointed by the share price.

I am also at a loss to explain the share price action. The last 7 trading sessions have seen 6 of those close on a black candlestick and in that time WTI has risen from $100 to $120 just now. The technicals did produce a Tweezer Top last week which does signify some weakness but personally I would have thought fundamentally we would be moving higher.

So Lindsell Train Equity increase their holding by 5% and the share price goes down, time to add a few more I think !

Looks like somebody knows something !

That is quite a bizarre statement you have made. You suggest selling your holding at 45p which has no importance technically but also expect a 25% upside to it's current bid price in a company that you call a joke, maybe you would care to enlighten us as to what will drive the share price to 45p ?

Who ever it is needs to be careful as what they are doing looks like dissemination to me and is covered by the FCA Market Abuse guidelines.

I said that not to be detrimental but because of how I see the market. The only things that move a share price are fundamental news which we had this morning and the share price has not really moved on the back of and a change in sentiment towards the share price. My analysis on the share price is that the market has been expecting an update that would be fairly positive and along with the recent dividend announcement has rallied to where it is now, the news has already been priced in. To push the share price higher I feel we need more updates of which I am confident will happen in the near term.

I also share your misgivings OFR. I would have preferred had they paid the 6 month dividend for existing shareholders and then gone monthly as it does appear that new shareholders are benefitting from the last 6 months. Having said that it might explain some of the recent move up so we have made multiple times extra than the H2 2021 would have been so overall I am happy.

Hi Austin, if i3 were to announce they were making 20% more money then charts become very valuable because traders need to look for entry and exit points and by studying previous support/resistance levels as well as other indicators can help with this. Charts are important because every fundamental price movement historically is mapped onto it so the reaction to the news is there for everyone to see. Some peoples problem is knowing when to buy or sell and charting may not give you a definitive answer it certainly can help when determining the price at what you decide to do,

Fundamental verses technical analysis has always produced an interesting discussion. For me technically the RSI is overbought but that doesn't mean it can't go higher whilst the MACD amongst other indicators suggest there could be a further upside push. Fundamentally the share price has been undervalued for a long time and that continues to be the case and will remain to be the case until there is a change of sentiment regarding the company. Fundamental news will dictate the direction of the share price whereas technical analysis could give us an indication of what levels to expect. Personally I did sell a small amount on Friday afternoon and am working orders below to buy back in again whilst retaining most of my holding so I can trade around the share price a little. Because we broke through last years high so emphatically I would expect a little pullback with the old 14p resistance price being the absolute floor but certainly would be working 15p bids whilst on the upside 23p is in range being the replication of the spike last June. These levels are not recommendations or opinions they are just what the chart tells me.

Don't forget Lithium !

Exactly, all those eco hippies and XR lunatics who seem to think that we can keep warm with using mouldy cabbage have caused a lot of damage. The whole NIMBY greens have made Europe and especially Germany dependant on Russian gas and low and behold Putin now has Europe over a barrel and energy costs are surging but at least we have North Sea reserves to fall back on. Good thing is that at least Greta seems to have been put back in her straight jacket and padded cell for now.

It's Gollum !