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i bought into these at 871,i am not sure what sort of prospects they hold in the short term or more.they reached a high of 825 recently,having had a downfall.maybe should have got out then,just dont know if they can go up higher than 825 or not?
almost all big miners had a small bounce back at the same time 4pm any idea what happened then?
the only upward price movement in the miners as of late seems to be mainly on the back of broker upgrade and all you hear is analysts voicing caution about the high price of commodities and that they are in for a big correction,ie price of gold,platinum and oil(according to soros giving evidence to american congress).hope for the best...
themoneyman wrote: You can also learn here how mm's inflict a massie spread to shares that they don't think are going to move up! Therefore tying shareholders in for a certain period! It can also, granted work the other way where they don't want day traders ruining and crushing the sp! But here, get out!!! so is this true for all/most penny shares?how do you know which shares are going to be like this?was going to invest in this with big sum for short term gain...
thanks herring.i know shares that are about to be promoted to ftse 100 from 250 rise considerably a day or two before the quarterly promotion day.so if you spot these shares and find out the dates you have guaranteed yourself a profit. if you have more info please do give since i am a newbie! yes falling in and out of ftse 100 has a definite effect on sp.you can use this as a guaranteed way of profiting every quarter in a similar way to what mark-expat uses before and after going ex div. via cfd's.i am sure he must know this too!
but how much more is it going to rise?dont know if you heard george soros's comments on the commodity boom last week,that this may be a super bubble,waiting to be burst.it has risen today but will it continue?i do like miners but have to be carefull,look whats happening today to rio and bhp.
however sp has bounced back to 250 from around 200 3 times in the last three months and decline in oil was nt the reason everytime,rather than pilots strike ending and others.if this repeats it can be a good earner.if you can predict when sp has hit bottom.good luck,hope the trend stays like this...