Member Info for Icarus42

I usually trade the weekly on a 3-4 yr timeframe.The RSI is resting on support @38 as price approaches major support at 1316, followed lower to 1207 and then line in the sand at 1052 which has held since 2014.If the US lurches lower then 1207 on the cards otherwise one expects 1316 to hold unless market decides to run stops below 1316.
As far as one can tell this is still a solid company and should challenge ATH 2000 in due couse,trend line resistance currently at 1577 is the only area where churn again to be expected.Currently price is below the 20/50/100 MA which is bearish,the cautious/prudent will wait for the 20MA (1485) to be recaptured before entry.I have opened a position today and will scale in at 1200 and 1052 if seen.
Best of luck to anyone trading S&N.

Lonterminvestor,
If one sets Covid and current NIM to one side,it seems to me that geo politics is the main driver behind current poor sentiment.What is going to change the US/China rhetoric,it seems both need each other as the bogeyman for domestic consumption.

Is it possible that an approach has been made that some do not agree with and therefore walked ?
Someone knows but not us.

Until proven otherwise the trading range is 30p-60p.
I am bullish, but I cannot tell or anyone else, if it is going to breakdown or breakout.
If all goes to plan and sales take off,great, but the US market is difficult to gain a foothold in and traders should expect a rocky ride,when has stx management delivered according to plan ?
I would add on a breakout above 70p with volume.
Stay long but patient and keep expectations real,the upside should take care of itself but it is out of our control.

Silv,
We have had 3 weekly closes below the 20 week MA which is rolling over and beginning to point down.The weekly RSI is at 38 and pointing down.Seasonally the next few months are volatile.Under neath 370 there are a lot of stop losses as there is horizontal support here.If the bears can get price into that stop loss zone it can easily run fast and down.I am in no rush here and the cautious trader would wait for the RSI to break 30 and begin to turn up and price to regain the 20 week MA with the moving average turning up.None of this may happen but this is what I look for,there are 1000s of shares out there,if micro doesnt set up right and meet my criteria I wont take the trade.
Best of luck to anyone trying to make money here.

There is always a bull and a bear view on any share.
My view has been cautiously bullish,I am a trader and will hold for as long as there is money to be made.
There is no morally superior position,long/short,bull/bear.
There is only one objective and that is to make money,some seem to loose sight and see themselves as owning apiece of a company at a certain price.The market and in particular company management do not care,I repeat,do not care about individual shareholders ie anyone on here.
This company was loaded with debt by purchasing crap from our American cousins.
An insider sold a large amount of shares at circa £17 and then said all was well with the company.I was short after that.Am I morally corrupt from making money by assessing that the company was not worth the price ?????
Until proven otherwise,I believe Opulentia is being paid to support the bull side and fair play to him if he is,but dont act on what he says or the company info that he promotes and likewise one should not act on what I write because I may not be telling the truth.Who is to Know ????
Looking to re enter as dictated by price action.I use price action on weekly charts,20/30 week MA and RSi
I look at debt level, short interest,flow and overall market context.What I do not do is read company reports as they tell me what I know and do not tell me what I want to know.
Not that anyone is asking ! but I would recommend reading "Secrets for profiting in bull and bear markets " Stan Weinstein.
Far more profitable use of one times as opposed to reading anything here from Opulentia or Icarus 42 !
Best of luck,choppy markets for now.

Agree Scoobydoo 321,
Trading range here is 33-60 until proven otherwise.One can either trade it or hold it.There is inevitable profit taking given the placing price and as you say all small caps have been selling off for the last few weeks.This sometimes foreruns a correction in the larger markets which would add to the downside here.Any one holding should expect high volatility as this plays out and in my view it will take 2yrs for the real picture to be revealed,as always with a high risk share it will either be great or a clanger.
Best of luck,patience required here.

RE:Fres,
Not in currently,I am waiting for 600 ish if seen,small free float, high beta like BIRG.
With regards to UFO,what is the full name ? is it on the LSE or Nasd ?

Someday soon the Dow will drop 500 +,bounce and then crater.
Today,it aint over yet,as most days this year,retail jump on any drop,its like a pavlovian response.The day of reckoning approaches. I think in the next few months a 10%-15% has a 70% probability
Birg at 4 and again at 3 if met should be bought.This bull market will not end until 6000 or 6666 (the yanks that kind of numerical symbolism).I am bullish here in spite of current bout of profit taking and expect £8 in due course.
Best of luck to all

£3.75 25th Jan

B Crader,
Thanks for the reply,I am not as bullish as you are,it certainly has price momentum.
I have had it on my watch list since the Ipo,so I am trapped out for now.Will have a look in a few months.
Re Fres,I a have a buy order @712 to begin scaling in here,market has always loved selling Fres,great trading share but not a long term hold.
Best of luck.

B Crader,
Re:Thugela
Are you concerned about short seller Boatman Capital allegations that the coal miner has environmental allegations exceeding its market cap.I an aware that Anglo has denied it,could be that Anglo dumped this mess on the market thus escaping from future liabilites and perhaps its v. cheap for a reason not withstanding its rise from £1.40 ipo to todays £1.90.

Price is Price and is the only truth in trading.Birg is in profit taking area and any overall market weakness could see Birg test 4 and 3 in a severe pull back.Todays tick up is due to anticipated increase in NIM in banks generally following a policy shift by the Fed where interest rates are now seen rising in 2023 rather than 2024.Any weakness in US indices will be reflected here.
Best of luck.

On the Weekly 3yr timeframe,wait for RSI to pierce 30 and turn up and S/P to hit 112p and hold.Ideally wait for the S/P to regain the 20 week MA and turn up as it churns forming a base.No rush here folks in my opinion,long summer ahead.
The above should provide a decent entry and protect the downside.Price Action is king.
Best of luck to all,patience is usually rewarded.

Silverhorse,
I tend to usually stick to sectors I think I know something about.
I sold Greencore before recent results,I mention 112 as this was the placing price and support,if it gets there then I will buy.
I have been at this for many years but wisdom,I am afraid, continues to elude me.
I have a decent size in STX @34p and would add on a break above 70p.I trade with stops and my stop on the 34p tranche is now 25p.I have a big stake here in BIRG circa 150 and will unload when/if £8 is reached.
This is a tough profession and one needs to make it when the bull is giving.
Best of luck.

There will be a lot of churn between 4.50 and 6,one should expect a 10%-15% pull back in US indices between now and Sept.
My view is that a decent pull back in BIRG should be bought.
There is more to go in this bull market 6k S/P 500,8k + FTSE 100 and £8 + here are the targets.
Greencore @ £1.12 is good value and for the Gamblers STX (Shield Therepeutics) worth a small gamble,very high risk.
Best of luck and the above are only my opinions not advice etc.

In the inevitable scenario of funds being required,what is the considered view of posters on the price of a Placing/Ri.
An easy one for a Sunday morning !
Best of luck to all.

Clearly the risk here is that any rise will be sold into by founders,in fact they have implied that is their plan.
Only for that ,Stagecoach is a good recovery plan.
So how can this be resolved ?
The founders believe that anything around £1 is worth selling.
My view is that unless the founders can place their shares with an institution (presumably at a discount) or the company is taken over,it is difficult to assume a resolution to this conundrum.
I am thinking out loud here and would welcome any input.
Disclaimer :I am not a current holder.
Best of luck.

I agree Paddyboy 1,I expect this to drift lower.
There is possible support at 130p which is a breakout area of previous resistance.
After that there is nothing until 112p,the placing price.I doubt if it will get there unless there is general pull back.
I tend to trade weekly charts with approx 3 yr timeframe for swing trades.Greencore has dropped below the 20 week MA and the RSI has turned down from 70,currently 46,minor support.I will wait until the RSI gets closer to 30 and hopefully the 20 week MA is recaptured.
Great trading share to watch,Best of luck.

Mystic Mick,
How are things looking for SIG in tea leaves land,May has come and gone so just wondering how June looks.
It has to be some month/year I guess.
Let me know when I should sell everything,again !
Best of luck Mick,at least you are making some money in the building side of the business.