Member Info for graysland

Morning mate. I've not actually looked . As you know i'm not normally in a stock long enough to ever qualify. LOL! Hopefully a quick 10%-20% and then get the hell out :) Perhaps one of the other posters could help with it......although it is a touch quiet on here.

Unfortunately the market will decide what is undervalued or not. As for me , i certainly hope they decide it is as i'm now LONG with you guys as well from this morning.

Happy easter. Yes i'm prematurely in POG 537p myslef but quite happy with it for now , especially as many doubted that it would get there. ABG is now on my radar as well. I've had a 360p target for a while and we are now just a couple of % away. http://imageshack.us/photo/my-images/192/abgi.png/ Is that a potentially bullish descending wedge forming within a larger descending wedge? Many technicals are very oversold and have been for some time and possible bullish divergence on RSI and and MACD. Therefore, i have an order put in at 365p . A break of 381 p and we will see 400p quite quickly and a break of that and we will have a decent rally on our hands. Just my opinion though.

Yes i agree that the bottom is around the 400p mark somewhere. I like your chart. Similar to mine and yet a couple of subtle differences which are interesting. Here is my slightly updated chart http://imageshack.us/photo/my-images/695/abgt.png/ I know it looks a bit 'busy' but the important things for me are these: a) Hit all time low b) On even more oversold technical indicators than my last chart c) When RSI, STOCH and MACD were all as low as this ALL at the same time, historically it bounced a minimum 10% but on the majority of occasions it bounced 20%. d) We need to break that SHARP descending channel. That currently targets 409p but getting lower every day. e) When it does it will rise to 430p (another channel trendline) and then 450p (horizontal resistance). 450p is probably where i will take my profits but if history does repeat itself then closer to 500p (in accordance with your chart and the MAJOR resistance on my chart) is a very realistic target. Now just a small word of caution..............until it breaks that SHARP descending channel, this could still fall down to the bottom of that channel.........and that targets as low as 375p. However, with the technicals sooooo oversold, i just cant see that happening and therefore the risk/reward ratio is for a bounce soon. Just one mans opinion.

Thoughts ? Lots ! Without sounding condescending, why on earth didn't you sell at 840p and take your 20% profit? Now you understand why i'm a short term trader. Stocks never go up and down in a straight line and there is an awful lot of money to be made along the way if you know what you're doing and are patient. This is where TA is vital ! http://imageshack.us/photo/my-images/845/egu.png/ A short term (dont get too greedy) strategy and the chart above would say SELL SELL SELL AT 840p, be happy with 20% profit and dont be gutted if it goes even higher. You may think TA is complicated , but sometimes it is as simple as drawing a couple of trend lines in . Now we are back to 750p and as you can see in the above chart, by drawing in another trendline, we finished smack on 'make or break time'. Stoch technical indicator says a bounce is due but can stay low for some time and other indicators say more downside is highly likely. If it goes on any lower, then 700p is almost a given and then 666p...............and a long term target is as low as 600p.......all based on the above chart. Personally, because i'm not invested and dont HAVE to buy, i will wait til it hits 700p, double up it it hits 666p and will be over the moon if i get 10%-20% profit to add to all the other 10%-20% profits i've made on other stocks this year. Anyway, like i say, i hope i dont sound condescending , but it is a good insight into how a technical analyst scary mind works. Lol !

Which is quite interesting. Historically , the majority of times the technical indicstors have been as low as this, it has resulted in a 15-20% bounce. Have a look at the chart for yourself. Past performance is obviously no exact prediction of future movement but it is often a good indicator. If it tries to double bottom at 400p-405p i reckon it is BUY BUY BUY. Thats just my take on it though.

Might not have been a bad idea. However still looks bullish to me. Here's a couple of TA scenario's for you: 1) The share price could still drop back to 405p forming a short term bullish double bottom. 2) It has another go at hitting the bottom trend line again and as it is descending, could target 400p. However, bullish divergencies are forming on many oversold technicals especially Stoch and MACD. What we really need is a break of the middle trendline on the chart i posted yesterday. Classic TA. Hit 433p exactly (which is where it meets that trendline) before being pushed back. When it breaks that , you will see 46Op .

Oh i'm a big believer in averaging down if you know what you're doing and that is where TA comes into its own as it gives you the skills to trade your way out of bd positions into profitable ones. All i can say is buying in at 430p instead of the 500p's was a great entry price and there are reasons why 400p will be even better. My personal opinion is that a bounce is coming, even if its just to relieve the oversold technical indicators and its a matter of being well positioned to benefit from it when it comes. Each must do what they feel is right but i have put my money where my mouth is regarding what i've just said and think i am well placed.. As ever though that is just my opinion

Hello guys . I thought i'd join you on this board now that i've plowed in at 405p and have an average of 430p. My personal opinion is that we are now bumping off the short term bottom and selling should start to dry up from here. Strong trendline running through 430p which is why it was my target but what it has actually done is go for the absolute EXTREME channel trendline which target approx 400p http://imageshack.us/photo/my-images/707/abg.png/ At that price and with massive oversold technicals it's a given for a 10% profit i reckon. Resistance now at 460p area but given the right conditions 500p isn't impossible. Either way i'm happy with 430p average but i must stress i am a short term trader and not a long term investor.

By the way.......did'nt be do bloody well on ENEG. Look at it now !! This money is burning a hole in my pocket so i couldn't help myself and so i bought back into ENEG at 15p. Could there be another 30% round the corner?? LOL !

Not trying to disconcert you but i feel very cautious over LLOY as you know. I just posted this on the LLOY board and thought i'd post it on here as i know you and a few others are interested in LLOY ''' Now that LLOY is fast approching my 1st target of 57p i'm getting itchy fingers to buy. The only thing is , i cant help thinking that the next leg down on the FTSE is just days and as little as 20 points away. http://img688.imageshack.us/i/ftse2.png/ Short term bearish Ascending wedge meeting a longer term descending trendline along with very overheated STOCH indicator makes me feel that the rally is going to struggle from here and odds favourt that the next big move will be DOWN targeting 5600-5400 and inevitably affecting LLOY along the way. http://img861.imageshack.us/i/lloy2.png/ We have now broken 59.20p and although we didn't get the big sell off, if we dont get back above it soon, it could now act as a ceiling. Obviously LLOY has shown some divergence from the FTSE in recent weeks........but not in a good way. I'd be much happier if it had gone UP whilst the FTSE has gone DOWN but the opposite has happened showing just how weak LLOY is. Technical indicators are close to oversold but still room for further downside . With all of this in mind i will keep my powder dry and hope to get in closer to my 2nd target of 53p as indicated by the bottom trendline. '''' Just my thoughts though and may never happen but people laughed at my 57p prediction some weeks ago and look how close we are now. Uwinsum- Yes i'll have a look at those tips of yours and will post later today. All the best all

Agree with all Uwinsum and Netley say and extra point to add, is that personally from a traders perspective, i love the volatility of the sector. Bigger profits........but of course if you get it wrong, bigger losses. Thankfully i've managed to dodge those or trade my way to a better average (HAWK being a good example and now feel i have an excellent price on that). Uwinsum - Did you notice that my 7p back test target on YELL was hit perfectly yesterday. Decided to buy back in yesterday at 7.05p as it's turning out to be a great little earner. Still early days and another go back to 7p-6.90p cant be ruled out, but if it holds then it could produce another spike. Tight stop loss might be needed below that though as if it doesn't hold then 4.50p isn't out of the question. Next few days should tell us one way or another.

Sold my ENEG at 19.75p on limit order. 30% ding dang do ! Netley.,i'm not sure if that experiment is still working but you might aswell put my paper trade in with that equation aswell although i know i bought the paper ones at about 17.25p or something rather than 14.75p. Anyway, think i might have the rest of the day off. LOL !

Yes i notice that we have similar strategies and yet not exact. The obvious one is that we are both traders rather than investors and that we both prefer slightly different TA that works best for us. Personally my average trade is about between £5 -£10k depending on my confidence or volatile nature of a stock. Any more than £30k (often in 3 trenches) in any 1 stock and i start to get twitchy . I noticed how you like the small profits paricularly on the banks. Hey all those 3%ers add up if you get enough of them and ofcourse even breakeven isn't bad if i'm feeling really nervous about a stock but on the whole i do prefer 10-20% and of course i wouldn't refuse more LOL! Been another great start to the year though . Haven't had a loser yet (although TNI at 53p and HAWK at 10p means i am sat on a couple of paper losses at the mo) year great . Now over 60% in cash and looking to put it somewhere and thus why i'm going to do some TA on Netley's tips when i get chance and i've privately e-mailed Uwinsum as he has been unusually quiet recently and he's always good for a few excellent TA tips to look at. ENEG is on fire at the mo and i'm looking to sell that as close to 20p as possible, although it often has a large spread to timing or limit order maybe the way to go on that. As fro TNI. Very annoying . I'm sure i have a good price but what is frustrating is that nthere isn't anything over obvious on a chart perspective in my opinion. It feels that i am trading purely on oversold TA indicators only which always makes me feel nervous. The best i can come up with is that there is a potential trendline targeting atouch lower (perhaps that 42p you've talked about), that it appears to be stabalizing and POSSIBLY a short term round bottom forming........but to be honest i dont think i've EVER traded based upon a 'round bottom' and when it starts to feel that i'm trying to make the charts fit what i want it to say , alarm bells start ringing. For now though i'll stay put and only hve £15k in it in 3 trenches so i hopefully will have bigger fish to fry elsewhere soon. Anyway, just my thoughts. Have a good day

Cheers mate. I've been keeping up to dat with your post even if i haven't been posting too much myself. Just a flying visit for now, but yes had a great day today. I've just sold my latest PRTY for best part of a 15% profit and YELL for a 10%'er. Not saying either of them haven't got further to go but just the way i trade and i'm not around too much today. Still kept my ENEG with an average of 14.75p but if i get a good week on that i might take my profits on that later on in the week. Just need TNI to pull it's finger out now. Now i've reduced my holdings elsewhere i might have a look at some of Netleys tips from over the weekend. i haven't had time to look at them yet. Have you managed to do any TA on them yourself? Have a good day all.

Haha! Thats because with 15,000 posts under your belt, we all know you're never that far away. LOL ! You're like part of the furniture now. LOL! But we wouldn't have it any other way !! Have a good weekend mate!

God i cant remember the last time i posted on here at this time on a friday nite .....but the mrs is pi$$ed and asleep.........slightly worrying that i use this time to post rather than look at internet p0rn but i digress....... Netley- Good to hear from you. I'm good thanks mate. Slowly getting back to normal and i'm sure you'll know what i mean by that with the lost loved ones you've experienced over recent years. Cheers for your input. We kind of agree on most despite our differing strategies. TNI i will stick out for a touch longer though. Not saying you're wrong but as you know by now, i'm not that bothered about what the long term future of this stock will be , just whether it will be over 53p in the next few weeks/months which i'm confident it will be. Now you've given me the thumbs up on a few stocks from your mastery of fundementals , i will see if i can pass a touch of wizardry TA over them aswell to see if there is anything that takes my fancy. LOL! Must admit, that is the beauty of the posters on this website at the moment. Arkk/Sirbob - Yes I'm alive (albeit a touch tipsy) and I honestly hope you get your 65p. I think you know me well enough by now to know that i'm not trying to pi$$ you boys off , just expressing an opinion that can be equally respected or ignored depending on your view of my opinion. Good night fellas and will speak soon

Long time no speak. Just thought i'd pop in to say hi. Hope you have all been well. Sold out of my initial holding in PRTY for only a 5% profit a couple of weeks back but glad i did as i managed to by back in again earlier this week. Now contemplating selling again and taking another 10% profit. Any suggestions? Still staying away from LLOY. Looking really weak to me. FTSE has had a great little recovery but look where LLOY is????? I've now turned bearish on the FTSE once again after hitting my original target of 5600 and bouncing back up. STOCH on the FTSE has massively overheated,pretty much hit the 61.8% fib retrace of the recent fall and if you even want to throw in a bit of e-wave (although least of my favourite bits of TA) we could possibly be about to start wave 5 down with probable targets of at least 5600 and possibly as low as 5400. I have 3 possible scenarios for LLOY but none of them are that good . http://img819.imageshack.us/i/lloy1.png/ The best is that we actually go back to the recent highs on the FTSE dragging LLOY up but wont go any higher than 65p. The other 2 are that : a) we slowly drift down to that middle trendline channel targeting 57p (possibly in a bullish short term descending wedge type pattern) b) that if 59.20p doesn't hold, another set of stop losses will kick in and trigger a quick target to the bottom channel trendline at 52p. Either way, risk reward is to the downside for me and certainly not enough potential upside to merit risking it and of course just my opinion. I am also in TNI. Annoyed because i should have put a stop loss in place if it didn't bounce off of 67p (which of course it didn't) but i now have 3 trenches in that stock with an average of 53p and with the technical indicators so oversold and looking like they want to turn up and also looks like it is trying to find support, i'm confident that i will make a nice profit soon. HAWK is finally looking interesting aswell. Looks like we are on the verge of breaking out of a short term symmetrical triangle one day next week. Unclear as to which way it will break, but i believe news is imminent on that stock and alot of people (those wierd fundemental types. lol) believe it could be good news, so i'm hoping it will be to the upside (or has that got something to do with the fact i have a reasonable size stake in it at an average of 10p. LOL !) Any TA's out there that like swing trading should have a look at POG. It's a great stock to chart and made35% profit in just 3 trades over the last 3 months. So much better than the banks. Finally bought into ENEG at 15.50p and doubled up at 14p. Really think these are excellent entry prices and if it can just get some momentum going it could be a nice little earner. Certainly advise buying in on any further weakness. Anyway, enough waffle for one post but i though i'd just catch up with you all with a few thoughts. Any tips from you guys?

Yes you are correct and one of the reasons 50p cant be ruled out completely but that could take along time and as you say may never be hit. It is just a target (with some support to it aswell) that i think many bears will be happy to take profits at, and cautious bulls (like me to be honest) would be happy to buy in at , in line with that descending channel. Impossibe? Well personally i dont think so, especially when you add that to the fact that if 60p is broken (perhaps combined with some major world economic event or FTSE drop) that soooo many stop losses would kick in, that it isn't impossile to see a very quick spike down of 10% on the share price within a day or three.....thus hitting that bottom channel perfectly before recovering. However, i have always said that anyone who buys around now and doubles up if it does hit 55p will always see a profit at the end of the day anyway.I also have been tempted to do that on occasion recently but have resisted mainly because of concentrating on stocks with bigger swings at the moment and trying to put it to better use elsewhere. Anyay, gotta go and have a good day mate.

Forgive me. Just one last comment on LLOY. Although Ivaylo is bullish short term FTSE I am bearish. Not overly bothered about an extra 100points or so but more concerned about a possible 500 point drop instead. It just looks like a topping formation to me before it gives up the ghost. As for LLOY i do obviously have to keep that in the back of my mind. http://img683.imageshack.us/i/lloy4.png/ As for this anticipated triple bottom (more uncommon than most think) i just dont see it. In fact it has hit it now FOUR times according to my chart and in my experience the more times it hits support the more chance that one day it will break. Lack of volume if it was a triple bottom should be very concerning and share price should have been bought up by now. I'm not saying that LLOY wont go up short term but nothing to do with a triple bottom in my opinion but something else playing out. Finished smack on a short term decending trendline yesterday, so any kind of positive day today will negate that aswell. Technical indicators clearly closer to oversold to overbought but enough room for a move down,but what you dont want to see is a sideways to slightly higher share price whilst the indicators reset themselves, otherwise that almost guarentees the next move will be down and the longer term channel targeting 55p-54p is still on the cards. SirBoB - Not trying to p$ss in your parade just a point of view on the whole debate .Im still confident we will see 55p before we see 80p.......but i'm not invested yet so it's easier for me to say these things, but looking for a nice entry price. Ps Another nice start from HAWK but CHL reeeaallly starting to pee me off now. lol !!!! Wont be around today, so hope you all have a good day and i'l catch up with you tomorrow.