PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Taverham.. Directors buys don’t mean much.. look at synthomer for example. Directors were buying shares like there’s no tomorrow in October, yet the price almost halved since then so I wouldn’t rely on that aspect if I was you.
JG68, I wouldn’t bet on interest cut any time soon either. We’ll likely see a massive shock to inflation print next week due to Red Sea debacle that increased transportation cost of 40ft container from 1300$ to $4k (as was reported today on cnbc). Watch this space. It wouldn’t be stock market if you could predict everything that easily. Twists, turns, fear, greed and… most importantly.. reverse psychology!
🤣 that 15£ was in response to someone saying that throwing target predictions on these boards get posts deleted so it was more to show you can say whatever the hell you want and it doesn’t matter🤦♂️ but yeah.. well done for taking words out of context 👏👏. Shows great level of intelligence.
In all honesty though, I’d be over the moon if Asos jumped to 15£
Taverham.. these are great points you mentioned.. shame that none of them matter the slightest in the world of algorithmic trading. It’s all driven by patterns, it doesn’t matter if pension fund is buying. That might move the price momentarily.
Next update in 7 weeks, can you sustain 7 weeks of falls to let’s say 80-90 or maybe even 70?
I’ll be back to this board when I can see a chance for breakout of this downtrend… 7 weeks sounds about right.
I’m not saying JD is not going to make you money, it certainly will at some point… just unlikely it would happen in the nearest 3 months and also depends how deep is your pocket. You can keep scalping, you’ll probably get lucky few times until you become so confident and arrogant, you’d just “will keep topping up then” - No sympathy here.
It’s really hard to answer questions like “can you suggest something that will make me money”. It’s a 3-6 month games. U.K. market moves particularly slow especially when you load your hard earned cash into early stage fall like JD.
Taverham, I only look at charts and having seen similar patterns in the past, 106 is not a bottom with JD. You can talk about warehouses, global expansion, level3 and other things.. but nothing beats proper chart analysis.
Don’t want to spoil your joy boys.. hopes and dreams are priceless just don’t bleed out trying to catch the bottom
WT, happy for you to make money here. Scalping is not for me though.. it works great until it doesn’t.. we all remember what LOTM tried to do end of 2023. Im after swings.. patiently waiting for the right moment.
I would rather call myself tortoise 🐢 as you seem to be playing in and out game.
What more information do you want me to post? I pretty much posted every time I bought a slice. I would add a picture it was possible to do so here
JW, I’m in MCG as well but much lower with modest £7k with average 122p 🤦♂️ I haven’t looked into it for a while. I’m not as optimistic as you on this one yet though. I think 92 was the local top and we’re on the way to print 70 again (if not double bottom). Not touching that company for now. I made quite a few very chaotic and impatient investments early last year but since then, I’ve upgraded my strategy significantly so slowly getting out of some of those disasters. I’ll start posting on MCG when the time is right
I’ve got carried away and pumped £75k into this share this week alone. That is 3x of my initial investment of 25k. I’m now holding 54k shares which cost just over 100k. The average is just below 186p.
I’m not kidding.. this morning an idea crossed my mind to add more next week 🤦♂️
Since I was ready to wait until 350, I thought it certainly must go through 200p first so pumping more at this stage might be worth it.
This is only possible for me as I’ve just cashed out trustpilot with 75% profit that banked me almost 60k.
I’m not ready to hold synthomer for years.. for me it’s more like 3-6 months play and if the price starts approaching the common banks target of 400p, I’d be definitely out..
Barclays recent upgrade from 187p to 416p looks promising and I’m warming up to this level.
Some recognise it as "by far the biggest upside potential in a recovery".
You have surely seen similarly depressed businesses recently? PFC and SDRY that pumped 150-200% from lowest point in a heart beat. The question is how fast SYNT will get up to 400p?
I reviewed the chart very carefully yesterday, and here is what I see.. 160 is a new barrier for me but I don’t expect it to hold long (if at all). Then, I’m struggling to draw any target levels except one.. that is the massive RI gap between 385 and 445. Therefore, for me, 370-380 is the perfect exit price.
At current share price, SYNT is worth 246m. At 385p, it would be worth 625m which is perfectly reasonable valuation in my opinion.
Just fyi.. that 27.1k shares buy was not mine.. someone else sees opportunity here and is also buying 😅
I have set a limit buy at 145p for another 7000 shares though in case if by any miracle we dip momentarily. But now I’m content with my investment at 189 average
Should I allocate another 20k into it? I can’t see any downside to this share before the final results in mid March. That would only reduce my average to 184.. not sure it’s worth it.. though.. having said that………….. 🤣
Added once again.. 7001 shares (if anyone wants to check on the transaction list 😆). Average now is 195p which is below RI price. Fully diluted shares count 1370.. now 42k shares. Let’s f.. go!
P.S. I might have a gambling problem but the chart is looking ever more and more promising with this little correction😆🤦♂️