graysland6 Mar 2011 00:41
yes sar was chosen purely on fundamental reasons as i did good research on them, and i think even the entry price would be on fundamental reasons lol :), they issued 50million shares at 40% discount on the price at that time which was 1.60 or 1p so i thought 1p would be the master support as going down will put this big investor down and would be a bad signal for future large investors. So 1p held two or three times i think and i decided to buy which coincided with the positive RNS the same day, strange eh?
Good luck with yell, seems i will watch like the last time from 10p to 15p ... thats what i hate about when i am right, i dont get in, the next day when it rises massively i wonder will profit taking occur and i miss, the next day i think its getting too serious it should drop but it keep rising ... several times it happened to me where i stood on the sidelines watching and do nothing, bad bad experience.
In regards to ENEG, i just added to my watchlist, mate there is huge support at 15.79 which i think will hold but definitely buying above 16 is NOT RIGHT, on a spike it could hit even 15p, but i think thats the absolute bottom for now unless negative news come in then it could fall off the cliff. Strong resistance line, closing above 17.30 would be really good, price got stopped on friday EXACTLY on the resistance line, it hit it 4 times now, so its considered strong, lower lows keep coming so i would favour sub 16p. Strong support at 15.79, get that failed and my oh my, it will strike down big time. I would personally wait for breakout either north or south, it is too dangerous though ...
WIN ... on the weekly the BB have a huge downside, actually i can tell why, if it does not break out north it will head toward previous low of 107, looked at my favourite channels and potentially it could drop to 117-119, and whats another 10p down between friends? :) All i am saying i will buy in WIN only after a breakout with confirmaiton, friday closed right at the resistance line so interesting week ahead.
About TNI, i got two tranches already in below 67p on average, which was a bit stupid but my second tranche was based on the idea 64p will hold, and i do really think it will hold, but if it does not then 61.5p has to be tested, once it holds i am in, if it fails, i am ALL OUT as 50p is coming for sure. Majority of indicators however tell me its a buy.
LLOY: rbs got it upgraded to a buy with target 90p which will definitely happen sometime this year, what i think in short term though is a massive fall, 60p wont hold and we will probably see 55p or maybe lower. Why would i think this way?
First i will paste what RBS thought about lloy:
"1) the lack of FY11F PiP momentum; 2) a leadership change with no clarity on group strategy until end 1H11F; and 3) regulatory concerns (eg, the interim report by the ICB expected in April)."
continue ...