focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Strong finish today.. didn’t expect the pump last 30mins after poor PPI data from the US which caused it to go lower midday. We’re now well positioned into next week, just slightly above my key moving average which currently sits at 154p.
I’m pretty optimistic here. Hope we’ll print higher high on Monday around 160p 🤞
It is moving slowly but I’m extremely optimistic about the price now. We should see over 200p at some point next week.
If it goes below 170 at any point within 5 trading sessions, I’ll need to adjust my outlook but I think all the bad news are out there now incl. U.K. being in recession (yeah whatever)
Plan for today would be to get the price well over 155 (might be too much to ask for in 1 day) which is **moving average** level that hasn’t been broken for ages. It would mark a significant progress in price recovery process
U.K. GDP tomorrow morning should push everything up. General expectation is for GDP to be negative whereas I go opposite and think it will make tiny positive print to surprise everyone.
CWR is well positioned for a bounce right now. Patience here!
It happened to me with SYNT.. messy rights issue in September last year destructed the value of my holding by 95% at the lowest point (£25k investment left me with under 2k). Once I saw the light in the tunnel, I pumped 3x of initial investment to significantly lower my average. Go to my chat history to see the timeline of events and what I did (September 2023 - ongoing). I’m still under water 20% but there’s a high probability of imminent rebound.
There’s hope in this one too!
If SYNT finishes today close to 150, it will be very good sign!
JW.. with regards to WINE.. never came across this company. It seems slightly overbought to me and it might hit some resistance at this level but definitely, this is what we’re waiting for SYNT to print
Good for you WT. Scalping isn’t my thing.. can’t be bothered to chase 2-3% at a time. Tried that in the past and concluded that scalping on small positions would never match swings on large amounts.. but yeah well done if you’re happy
Now, I want to see what tomorrow brings with US inflation print expected to be bad. Doesn’t really need to have any negative impact on SYNT and AIM in general though (probably FTSE100 will get a slap), as the chart is looking very optimistic. I don’t even think that 160 will have any resistance so off we go to RI price 🚀 algo trading is a beauty.
Also, I’ll add to my list.. debt restructuring as remember that happened with superdry when it was at 90/100, it made the price to shoot to 160 on such news.. well, subsequently it hit the floor at 15p but still there’s room for manoeuvre for the board to push the price to 400.
And obviously the idea of takeover which is always just that.. a dream.
Massive gap at 400, all the rating agencies are aware of the gap and it needs to be achieved so let’s wait patiently. All profits I manage to achieve on other shares will be going here as “free” shares to lower the average.
What do you think would push the price up at/from the next trading update in March? My guesses are:
1) info about strong start to the new year trading which would result in the increase of half year estimate?
2) sell of an asset?
3) replacement of a director but i guess the main culprit was gone some time ago?
Any other suggestions?