i mean with current SP and dividends its about 60% yield!! Whats not right with this company then?
why people are so obsessed with HMV? Lots of people i talk to have bought at some point HMV. Is it because of dividents and low price, that there is such huge interest? Any idea? Also i notice people taking interest in jjb and yell a lot as well.
indices tanked, correction is definitely in place. Bank sector is down, and a nice rally is coming. Will stan hold above 1600? RBS above 38? And lloy above 60p? We are about to see, today ftse dropped 1.55% while lloy only 1.35%. I doubt ftse would go lower than 5650 think around that there was a good support. So if ftse drops 3.5-4% at the most i think then even if lloy follows it should stop to around 58p but lets say with stop losses triggered it could go down to 54-55p and well maybe on a spike could go to 52, i really dont see anything lower than 52 for lloy happening at that time around. Unless lots of banks fail the stress tests that are coming and Portugal gets bailed out. Or credit rating of UK to go down. If those things dont happen 50's will be forgotten. TNI - keep tanking but lots of buys today, we could test 50p and bounce i dont see it falling below 50p then in less than 4 months period we would hit 80-90p (needs further evaluation once the fall stops and rally start) WIN - could not be mor undecisive - stopped right at the end of the triangle!! When i looked i could not believe it. It SHOULD fall as its a descending triangle but by the volume coming and looking at some indicator wont be surprised if it heads north, although my initial call is 117-120 could be even lower as uwinsome said below 110. Prty - volume sold is almost DOUBLE the volume bought, this still has a way down the road, glad i got out on the top. Next stop 175, then further evaluation but i think below 170 would happen again, and well i will be ready and fully loaded again :) Might take a bite at 175 though for a small spike up but it could be a nice steady free fall ... VED - got auto buys for 2151 and 2099 and hopefully the support will hold :) Honestly my top pick is lloy, my average is below 62, will top up on every support coming down the line and NO stop losses here, its a winner from every point of view in short-medium term, with offloading taking place at 69-70p then rebuying on breaking through the resistance, followed by next offload 78-80p and final sell at 88-90. I do strongly believe that lloy will hit 88-90 this year in fact it will be sooner rather than later, the channel gets even higher if later so 100p as has been recommended by santander i believe is highly possible, and come on easy money on a strong ftse company!!
another tranche of tni, on the weekly shows its a buy
WIN seems have lost the small support it had, the descending triangle is playing out perfectly, like i said 117-120p would be my target entry price. Its turning into a prty :)
20EMA just wont let go the party, its proving to be a good support 180-182p, closing below 181 would invite another 6p drop for sure.
another 30 pips to drop and a buy? arkk: dont remember the name of the book, have to look it up, i have books in pdf format only
is a buy, right at the support, i am in with a tranche, tight stop loss as next support is 100 pips below
i personally dont feel attracted by indices, shares do me well. DES is a buy at 31-32p yes,they get the rig soon so this time the rally could extend, i would buy again into des when it gets there for a quick 15% or more. I read a book written only for trading on volume, its fascinating, and its an indicator overlooked by many traders, reading the volume in debt not looking just positive negative buys/sells or low/large volume is a wonderfull tool. I am getting better there too.
i am fine mate, going to bed now as again early morning 8 am wake up , damned markets could not they open 1-2 hours later so i can have enough sleep?? I see your point about TNI and i agree, but bouncing back to 80's or higher will definitely happen sooner rather than later, TNI did it before, it will do it again so i want to try my luck with it :) Its 50% or higher potential profits, so i dont want to miss it. Only problem is HOW LOW will it go?? Cant imagine this share has been 5 pounds 5 years ago , lol, yeah i know yell is a better example lol In regards to lloy, well i look at my charts bud, true SUB 50p could happen as its 52 weeks low and could test that low but currently i doubt it will happen. Doubt does not mean it wont happen lol :) I am concentrating on two shares only now , lloy and tni, and i will top up all the way down to whatever numbers come in, then just wait to get profits and take a good time off share dealing. Btw will keep an eye on SAR too, got still shares there and will top up again and sell on tops, its been good to me on day trading. You doing all right, mate?
tomorrow WIN's faith would be decided, make it or break it, stopped today right on the support of 135p. The descending triangle has closed today so tomorrow would be interesting, since its a descending triangle and looking at the bigger picture i think below 120 is coming. I said it earlier i wont buy in until support or resistance is broken. Catching falling knives is ok but one share at the time, played the party, now i am playing TNI, so one at a time :)
grays is right about lloy, his scenario is very possible, 60p wont turn into huge resistance as we wont stay in the 50-60p range for long and we will fastly recover back to 60p perhaps in less than a week maybe 2-3 trade sessions even. The big sharks will jump in big time at those levels and will lift the price up quickly. Btw my bottom would be 52-54p of course depending on the timeline so from those levels 10% down is noth a big deal. I still have my tranche at 61.28 and i will top up on the way down with 58.5p next top and possibly last one at the bottom of the channel, whenever that comes (think 52-54).
see why i dont trade indices? My prediction of 50 pips up turned to be almost the same amount but on the negative side :) Btw, there are talks that once middle east ease, dow and ftse will skyrocket, i am talking about 5-10%, so i do believe the correction will continue now, bank sector was down 1% today and should continue the correction together with the ftse.
welcome to our small but powerfull community :) true chartists prevail here but we have strong fundamental type of traders as netley.
true, still party got stopped today by the 20EMA, if closes below, another 5-6p down will come in 1-2 days for sure, then below 170 for sure.
in regards to lloy, triple bottom was up until 3 days ago, btw what i comeback today for lloy, got my stop loss removed there though, and TNI .. bought in the morning as i saw it stood well but still i am not selling. As long as we close above 61.06p i am ok with lloy, closing below i would be worried.
dont know if you guys are football fans but i am, what a great game tonight!!! I am bullish on ftse,i expect at least 50-60 pips up tomorrow, bullish on lloy as well. For what is worth Oriel Securities have mentained their BUY on LLOY and PRTY with 100p and 260p respectively. However on the party i am short term bearish, toay 20EMA played as support, if that fails then there is minor support on the gap fill if not, then definitely we will see 166-168p. Lets wait and see though :)
you have been on fire mate :) About TNI I got my stop losses triggered all over the place so i am out but i will ge in first thing in the morning as its a good price here. Hoping for a "hammer" candlestick tomorrow to reverse the trend or a bullish counterattack. HOIL looks interesting, seems the bottom was on 25 feb, still not too late to get in, DEFINITELY a gap fill for the next 2-4 months so i am looking at a guaranteed profit here of over 50%, Netley subscribe me for this one for the competition :)
arkk: yes its one of "those" days... well not bad for everyone see graysland all smiling though :) grays: i remember your tip on CHL but i was busy then forgot to look it up and well ... would u say its too late for a tranche in?
party got another lower low, stopped sucessfully today by the 20EMA, another sell off day although with some nice buys as well. Definitely first entry would 175 then we will see (perhaps another stop loss lol) Btw lloy held, which is really nice, held above the support line formed by the triple bottom, no sell off at the end of the day which usually cuts 0.5p from the price, + the 17pips lost from the ftse and lloy held? That is something! Changed my stop loss there though. WIN still in the middle of nowhere closer to the resistance then the breakout south, although it could change really quickly there, above 150 though i would be uber bullish sirbob :) BB band is closing the range which is positive, same as TNI, going down in price increases the upper line which is better than following south forming a south channel. Well nice one was the HAWK, good luck to all in there. Going out now, hope the game tonight between barca and arsenal be a good one and well i am a barca fan so sorry to all arsenal supporters :)