Member Info for graysland

Morning mate. Hope you didn't take my post the wrong way. No i absolutely agree. The only thing i was trying to say is at what time/price does the market suddenly decide to 'anticipate' the merger. Now , last week, next week? 190p, 180p or 160p? In my opinion the only way to work that out (or at least get a better guess at it .lol!) is through TA and thus the reason why i personally put so much emphasis behind it. Fundementals haven't changed, so once that has been researched it becomes a touch defunct (apart from reminding oursleves every now and again why on earth we invested in a stock in the 1st place) and the rest is over to sentiment as reflected by TA. Once again TA SUGGESTED that sentiment was still negative most of last week but from Thursday onwards there were signs that sentiment had changed to more positive. Not trying to convert you but maybe give you a bit more information so you can make an informed choice whether to ignore it or not. Anyway, forgive me if i want it down on Monday morning.........but only cos i want to buy in and join the PRTY . lol!!!!

You asked about WIN the other day. Very strong support at 134p and without pi$$ing on your parade, i get a funny feeling you will see it again. Agree about the poor volume, but was repelled exactly at descending trendline at 144p and although some indicators are in neutral territory, the STOCH indicator that i use appears to have slightly overheated and looks like it wants to turn over and go back down. I'm not necessarily saying sell but i am saying that we will proabably see 134p again and i will look to jump back in if we get there. Dont shoot me !!!! and i hope you have a great holiday.

Haha! Nicely put and also agree with the quality of posters on here even if we have differing opinions and strategies. Maybe we can all learn a little from everyones point of view. Pointless in ignoring those we dont like . I respect most opinions. The only ones who wind me up a little are those that feel they want to try and disparage TA without understanding it themselves and then the classic poster who just posts 'next week it will be X share price Y share price' wihout giving any reasoned explanation as to how they got to such a specific price. In fairness, my 55p target price did at least come with a well explained reason as to why i came to that conclusion and that i would probably buy in at around 60p and add if/when we get to 55p, but like you said, no one likes to hear someone slate a stock they have invested their own hard earnd money in...............me included .lol !!!! I hope you at least now know i'm a genuine poster who does not post to try to scare nor tickle the ears of others. I just tell it as it is without fear or favour and one day can be bullish but turn bearish the next day (exactly as the stock market can for that matter). My posts, like my trades, can have absolutely no affect on the share price whatsoever and neither am i tying to. Just trying to gauge the market sentiment on a stock .......whether it be good or bad. Ironically i've turned bullish on PRTY and yet haven't had a chance to buy in yet. Dont get me wrong, there is still a possibility of 160p but as i'll be lynched for mentioning it, i am going to say nothing more other than i will be looking to buy in on Monday and double up if we get to 160p !!!!!! LOL!!!!!

I've just readback my posts and it sounds a touch frosty. That isn't my intention mate. :)

Like the link! You cant beat a bit of sunday morning humour . I can never understand why some people have a problem with someone elses successful trading strategy especially if it differs from their own. Netley - I do take some fundementals into consideration but as you rightly say it is sentiment as reflected in the charts that dictates stocks for most of the year. So for example, this merger (you've banged on about for just as many pages) has as far as i'm aware been on the cards for quite some time not just overnight and yet those same fundementals have seen the share price FALL. Even yourself couldn't have been absolutely confident of them otherwise you would have surely invested at far higher prices and kept them rather than trade for a couple of % profit as you said you'd done the other day. If i'm really honest i have no idea whether the merger will be recieved well or poorly at the moment, although i have your confidence to rely on that it will be recieved positively. So until the bearish sentiment changed on this stock 160p was always a very realistic target (and got within 6% of it) but IF the sentiment has finally changed (which i've explained as to why i feel it has) then i have become bullish and now willing to invest ..........even though the fundemenals haven't changed but sentiment has. Anyway, why i feel the need to explain my trading startegy when i dont ask it of others baffles me but hope it explains my position better if i've not done so in the past!

Had a quick look at ENEG and BMR as you asked me to. ENEG - If you managd to get in on ENEG on Thursday at 16p then i think you've got a great price and well done for spotting it and you'll already be sat on a 10% profit. Looking at that board (very quiet there so i thought i'd catch you on here) Sebwinder also identified this as being a share to watch out for. http://img696.imageshack.us/i/eneg.png/ We saw classic volatility that you often see before a trend reversal, hit resistance perfectly just below 16p and looks like we have or just about to break out of another bullish descending wedge. I cant rule out one more attempt at 16p (which i hope it does because i will definetely buy if it does) but it looks like you are ultimately going to see higher prices. 20p for sure, 23p likely and 28p not out of the question but i would have sold up at one of the other levels well before them. As for BMR i'm not so optimistic i'm afraid and would use caution. This is forming more of an unpredictable sideways triangle indicating indecision and nervousness in both camps. http://img191.imageshack.us/i/bmr.png/ A break of 6p and then 5.50p and you could see a sharp drop but a break of 6.70p area to the upside and you will have a return of the recent highs. Problem is we dont know which way it's gonna go til it happens. I personally favour downside as the STOCH is overheated (which makes it difficult although not impossible for the rally to continue) and looks like its about to turn down and plenty of room left in the other indicators for a lurch downwards. Just my opinion though Bizz, but ENEG looks the better play at the moment Linton- Yes i'll have a look at VGAS tomorrow for you. Apologies for talking off topic

Sirbob- Haha. Nice one. No i wasnt shorting this stock as it was too close to call. Infact i have now turned very bullish on this stock because of Fridays positive share price action. Ivaylo is correct and it definetly looks like we brokeout of that descending trend on Friday that i have been monitoring for a few weeks. http://img819.imageshack.us/i/prty6.png/ Odds favoured a bearish descending triangle and when we dropped to 169p the other day it looked like it could be fullfilled, however, it is now my opinion that it was a 'fake' breakout and the quick recovery now suggests that this is going to turn out to be a BULLISH descending wedge instead. Fantastic example of what i was saying the other day about how flexible a technical analysts has to be . Now i will be desperate to buy in on Monday as i should have put in an order to buy on the break of that trendline as i had promised myself to do for days. By rights Monday should be a good day for PRTY but i may get one chance to get get in before it does as stocks almost always back test that breakout. So i'm hoping we might see a small drop in the morning giving me an opportunity to buy in before hopefully rising upwards.......but it is not guarenteed and it might be UP from the off. Schlepper - I'm not too sure how you've come to your 250p target and not saying you wont get it ,but big resistance will come when we meet that top trendline drawn in on the chart, so i will be bailing out when we hit it (current target 230p) but that is just the way i trade. Rudy- hope everyones advice has helped. Uwinsum is correct that i use big charts. com but there are far better ones out there. I use it because it's one of the 1st ones i ever used and actually it's relatively basic (compared to some of the websites the other posters use. Showoffs !!!! LOL!!) but that is the very reason why i use it.As said before , in my opinion you often get the best results from keeping TA as simple as you can and i found that some of the more complex websites 'fogged' up my thinking,if that makes sense.

God you were up late last night. Couldn't you sleep! Ivaylo's comment was a slight exaggeration but i understood what he meant as i agree with him. No need to show us your trades Netley as you sound like an honest man. You get a feel for those who are bull****ers and those who are not. Same goes for Ivaylo! Always a touch crass about who's made what , but as a fellow chartist, i can also vouch for what Ivaylo's trying to say. I made 120% profit last year and only LOST on 1 trade. That was VEC. Bough 47p sold at 45p (after it dropped a further 30% ,abit like YELL, before bouncing back to 85P and obviously wish i'd held on) all thanks to TA and most of it on smaller companies. Now dont get me wrong, i'm on a 30% loss (different to LOST !) ON YELL at the moment so doesn't mean that you're never sat on a losing trade but personally (because each to their own) i feel TA gives me the skills to trade my way out of that and i will claw it back. Thats the kind of confidence it gives you. Thankfully my gains on SBT ,XCH, WIN AND POG since the start of the year along with my shorts on BARC and LLOY have more than made up for my YELL loss so also gives you the comfort barrier to remain calm on my losing ones....... I also agree about quality stocks being safer............but by god you tell that to someone who was holding LLOY at 500p a few years ago and they may tell you something slightly different . Ivaylo - interesting that you've gone long on LLOY. I've shoterd the ar$e on both of them recently and have just closed out for some great profits. Dont normally short anything but just too irrestible. It was crying out SHORT. Doesn't mean that i'm bullish on them now though. Just locked in profits. I have 55p as my target. People laughed at me on the LLOY board, so i left 'em to it, but not so far away now afterall.

Gosh , whilst i was typing all that **** out you just posted a chart with my 140p possible scenario on it !!! You swine ! Netley - Spot on about YELL but as you proved with your trades with PRTY doesn't mean that there isnt big money to be made even in a down trend or a stock with bearish sentiment ( PRTY i include in that at the moment).

This stock has been on my watchlist for sometime however i remained cautious because a number of trendlines pointed to the 160p AREA (forgive me about not being too concerned with decimal points but its often hard to calculate from longer range charts and irrelevant to me anyway as i'm looking to get a good position rather than the EXACT bottom) including this possible channel. http://img703.imageshack.us/i/prty3.png/ Add that to the fact that this could potentially be a short term bearish descending triangle forming (not to be confused with a bullish descending wedge) and we are walking a tightrope. Target would be just below 160p and technical indicators are entering oversold but not low enough to stop for one more push down. We nearly broke to the downside the other day but it fought back brilliantly. http://img263.imageshack.us/i/prty4.png/ That was the bearish case, however, keeping an open mind there is an excellent bullish case right now. http://img716.imageshack.us/i/prty5.png/ This shows exactly what a fine line there is between a bearish descending triangle and a bullish descending wedge. Technicals still entering oversold but with bullish divergencies on most of them. Which way will it go? Who knows? I only know our relatively small amount of shares will not decide it. So what to do? My thought process is either a) buy half now and buy half if we get 160p b) wait to see if it breaks resistance and drops to 160p and then buy in c) wait til we see if we break that top descending trendline and buy in then (also very close) Either way, everything considered ODDS favour we are close to a short term bottom (although i have another scenario targeting 140p but thats another story). I personally will monitor how any upside progress but ultimately will be looking for a target at the top of the trendline channel on the 1st chart posted above (currentley about 220p). Now of course the chart could morph into something else but in MY OPINION they are the 2 favoured scenario's at present and remember some people will be thinking everything i've just said is all b0llocks (good luck to 'em) but thats the kind of thought process that steers my thinking.........for all it's worth of course !!!! LOL!

More than welcome to butt in but what a big question. I've also found that Ivaylo, Uwinsumulosesum, Sebwinder and Bizznizz (to name a few) are also well repected TA guys aswell.........in my book anyway, but will also find that they will all have slighly differing ways of trading it. Personally, a few quick tips that i use are these a) there is almost always a bearish and bullish case for every stock. At anyone stage the 'odds' will favour a certain scenario but can often change in an instant. b) TA changes hourly and daily and therefore those who follow it should review their opinions accordingley. c) never become emotionally attached to a stock. Be bullish one minute and bearish the week later if you have to. You are here to make money not 'pride' or friends. d) You can often do toooo much research on TA till it makes your mind spin.Often keeping it simple gets the best results. Personally, research about the most obvious chart patterns, simple trendlines (there can be loads on the same chart but try to work out the important ones) MAJOR resistance and support (personally not too bothered about the dozens of smaller ones) and how a few of the technical indicators work ( i almost exclusively use just RSI , MACD and STOCH and divergencies on them) E) If you have the patience, wait for the buy/sell signal to be confirmed (often a breakout of a trend or resistance before acting) but patience is very hard to teach and i'm sure there are better at that than i am. F) If in doubt or it doesn't look right then avoid or move onto another stock. There are 1000's of them afterall. g) Work out what your strategy is and be happy with it. I am relatively short term, others are longer and others longer still. Work out what your happy with and whats successful for you. H) Above all you cant beat experience. Paper trade whilst you learn is the best advice of all.There is no rush. If you get to grips with it , there is a lifetime of profits to be made even with the odd losing trade along the way! God so many but i will try and apply a few of those to my thoughts on PRTY in the next post. Doesnt mean i'll be proved right though (i'm 30% down on YELL at the mo to prove that but made massive profits last year and a good start to this year to counteract it) but is soooo much better than tossing a coin that alot of investors do !

Hope you dont think i was taking a pop! I wasn't. Just explaining my personal strategy of share dealing to hopefuly an 'open mined' board which i believe it is. Trust me there are plenty who aren't and who just dont get it!

Hey dont knock it ! They all add up! Lol ! Yes i did. Must admit when it spiked i thought bad news was on its way but it could just be that type of quick 'throwunder' that marks a share price bottom? Ironicaly similar type of price action on XCH. Maybe more of a rise on the way. I'll check the charts out in more detail when i get chance tomorrow. All the best mate

To be absolutely honest, i'm not that kind of an investor. You've probably gathered that by now. I'm not actually bothered if it becomes the next best thing since sliced bread or not. As long as it aint going bust and you guys on fundementals telling me that it's good value for money, i'm just using the charts for the best entry price possible and only in it for short term profits. So differing strategies and differing expectations and hopes is the only difference between us. If it makes me 10-20% then i'm happy and will be equally happy if the rest of you make 100%. So you understand why i try to use caution , sometimes unsuccessfully like everyone i guess, and doesn't mean that you're never sat on a loss of course, but works more times than not. Thats just me. So for example i bought XCH and SBT a couple of days ago and already looking to take 10% profit on them both. Doesn't mean that i've turned bearish on them just that the charts helped me identify a good place to start buying and now wondering whether to take £2k profits or leg it. You'll be glad to know though that my finger is hovering on the BUY button for PRTY. As explained charts are suggesting to ME that something will possibly give very soon ........and it could well be up. I have the pivital points i'm waiting for and they are not very far away. A bit like life mate...........each to their own !

Eyup uwinsum- Sorry for not replying to your email yet. Will do it tonight Mike- Thanks for bringing this one to my attention. Now 10% up already and 10% up on XCH aswell. Thats £2k bagged if i sell now in just a couple of days. You boys receommend me hanging on then for a bit more or shall i take my short term profits as is my stategy? I haven't had time to properly work out the charts for my exit plan yet but didn't expect to get it after only 2 days. LOL !

Interesting point ! Any info on what the buys are? For me I'm not sure its a sign particulary that bears are losing it, but the fact that sells are stop losses indicates that they know we are at a pivital point and potentially could be going down and they can buy back in cheaper. To be fair my target is still only 160p - 158p so we are only talking 7% to the downside. Still wondering whether to buy now (so as not to miss any rally if we break 176p) and top up if we get to 160p as i'm confident that any share price movement will go through my average of 166p if it does. Decisions decisions!!!!

Uwinsum - Well done. I think you've got some good positions there. Finally learning that patience game eh ?! LOL ! Seb- You're more than welcome to jump in whenever you want. Respected posters always welcome. Yes that Yell board is a scary place at the moment. Dont bother. Far better posting your points on here and anyone who wants you can always track you down by looking at the boards you post on most. Sirbob - many apologies. I do feel a bit of a traitor. LOL ! But just the way i trade. I'm not into long investments, unless i'm sat on a loss and then hold or trade my way out of it. Mike - Yes just how i feel. I'd love to get the exact bottom and top of every stock everytime (who wouldn't !!) but as you say , it's about getting close and being happy with your position. I'm perfectly happy and feel well placed with most. Just Yell that i feel unhappy with as acted too aggressively on that but only a couple of pence away so worse things happen at sea.I have taken everyones points on board though about a possible further decline..........which makes me feel uncomfortable cos i like to think i'm ALWAYS right. LOL. The mrs will tell you otherwise. Haha!

Nice to see a bit more commentary on here. Mike- Re : SBT - I do normally put it on my watchlist but liked what i saw and though i'd put in an order just below by target price at 142.50p. Had some spare cash as WIN was boring me to tears so sold up on that for breakeven (although i did get 10% profit on her before) and now 50% of that invested in SBT and 50% invested in XCH yesterday. Happy with both prices at the moment. Uwinsum - Morning mate. Hope your well. i did see exactly the same potential 'h & s' play but i negated it as not only could i just not see that target price being a realistic one but that it just doesn't look right. Right shoulder just looked toooo stretched for me........but you never know. You know my theory about EXTREME price targets !!!! SirBob- Dont think PRTY swings yesterday had much to do with the FTSE but more to do with it's OWN chart pattern that Ivaylo and i have been debating over the last couple of days. I think the bulls and bears are just nervously waiting to see which way this will break in the short term . Are we going to see 160p or are we going to break out to the upside very soon. The debate continues and reflected in what we saw yesterday in my opinion. Seb/Ivaylo - RE: yell - aaaahhh that trendline. It was just a bit confusing how you had written it. Come on Ivaylo get that software sorted out. Lol. Personally i've been concentrating on the 'channel' and with the indicators so low, i'm favouring a break of the downward channel before we get to that 5.50p price target first and enough for a couple of pence rise to get my profit. Point taken though and i might use a touch more caution than normal when i get my profit/breakeven. Well good look all for today

I can tell you're not the biggest fan of this stock. Have you had previous with some of the posters on this board in the past?

Bizz - Nice of you to say. Doesn't mean i get the best entry price every time (look at YELL in down 25%) but very rarely lose money and i WILLl get my money back if not make money on it. Ivaylo - Agreed on PRTY. Too close to call. Its a fighter i'll give it that. I have now tweaked my target breakout. A break of 175p (and getting lower everyday) and i will BUY BUY BUY! Something has just got to happen sometime this week. As regards your YELL target, i'm stil struggling with the 5.50p price target. Looked really hard and must be missing something. Personally i think we are days away from a 2O% rise. Looks like a short term bullish descending wedge forming, with a potential DOJI candlestick created today and a break of 7.90p and we could see 10p again soon. I'm not bothered about a £1 (infact think we will never see it) but just need 10p to make a profit.......amazing how you look for the positives when your invested in something and negative when you're not. LOL !!!