its all going my way, sold all sar at 2.8p, happy to wait for lower prices, lloy down, party down, tni bounced, win still below resistance, mks heading toward support. Nice!
just wondered how many seconds would pass till you pop up :) LoL yes i have seen in stores those, at first i thought its chewing gum or something (i dont smoke) but then a friend told me its paper for rolling tobacco :) ok .. MKS , friday got stopped at 343.9 or the resistance line which played as support previously but now sucessfully as resistance. So ... how low would it go? I would favour a tranche at 322 or thereabouts, perhaps 323p. The master support is at 322p get that one lost and i will tell you to wait for 275p next :) But i strongly believe 322 will be hit and then it would explode north. Will watch it closely though ... Watch MRW though, just below breakout, closed right at the resistance line, results reporting on Thursday 10 march, so i expect 300p + which after all is quick 10% + :) I will continue to watch my movie now as i had a small break + midnight snack :) Good night mate
And i will add a almost 100% chance Portugal to be bailed out and we know what effect on european sovereign debt have on banks. Another reason the house prices continue to fall in UK, HBOS as part of lloy is affected by that and the impact is negative. Short to medium term negative house price will keep hurting lloy. And finally there are stress tests to be conducted in Europe for the banks, with new rules and regulations, so dont think all will have positive reports. Combining all that it creates a negative view on lloy, hence me been bearish on lloy. Almost forgot, arkk kept asking about volume, we have not see proper volume for quite awhile, we have not seen large investors popping up, on the contrary some large sells got triggered lately, when large investors withdraw, i always get cautious. I think 60p will be taken out on some negative news and massive sell will push it even further, there are gazillions of stop losses between 58 and 60p. Ideally triple bottom should play out and 80p be hit in 2-3 weeks time but just dont see it happening with low volumes and negative news coming. On the other hand the first sign of bullishness and i am in, happily i bailed out at 63.58p after watching it helplessly fighting that resistance several times. Lets wait and see what happens though, interesting times, and lots of places to be at. I got some other interesting shares like INCH and few others reporting next week, i plan to invest in number of shares with good fundamentals (aye netley, aye) and expecting good results to ride them for a day-two until profit gets taken, tight stop losses of course in place :) Never traded on results only and its a bit risky but lets see what happens, i enjoy trading and its my hobby which might turn into something more serious though :) Good luck all
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 ...
pure undecision by the doji as uwinsome said, the last two candlesticks formed bearish harami pattern, i sold as a saw large selling happening, but more importantly trend stopped, many times uptrend continues regardless of sells occuring, also in the first hours of friday buys were outnumbering sells, yet SP rose about 1p above its thursday close. I am not convinced the bullish run is in place, in fact we had a significant change of SP based on good results, volume was supposed to back up the good results on friday and continue the uptrend. It did not happen so i sold in two tranches, first one after i saw price wont move above 50EMA and second wehn i realized uptrend was halted. These are my views though. I could be completely wrong and monday we could see another 4-5% up, so you guys base your actions upon your views. I would favour a gap fill (yes a small one was left) then go back up. Another possibility is to go to around 180-181p and then go back up, i run a fibo regression thats totally mine i have not seen anyone else doing it this way but it worked for me few times. So what i do is i look for the wave 1, then i run a fibo based on wave 1, which is 50% of the potential target price, wave 2 ends up at 23.60% which currently is 181.47p so this should be the bottom before wave 3 occurs. Again thats totally my idea of trying predicting bullish runs. Dont know if it is in any books. So my idea would be to buy in around 180-182p, then on the gap fill and wait see what happens. All that of course if its going down, if explodes north it wont matter :) But that strategy helped me before.
i would buy WIN after it closes above 139p + confirmation, dont want to risk it, i would like to buy in when resistance is gone then i am ok, got tired of chasing bottoms,i will relax for awhile so instead of risking and chasing i will leave the stock come to me. For this stock sirbob i care about breaking through resistance, nothing else, no indicators nothing, just the resistance to be gone ;)
its Netley's rules, i and graysland made that point that chartists benefit from frequent trades not long term shares but thats life :) For examlple today i day traded twice sar, bougth in the morning at 1.1 sold at 1.4, then saw it was stupid and something big is coming and i bought at 1.85 sold at 2.65, oh almost forgot the small stupid trade, the share drifted for some time between 2p and 2.3, bought at 2p and sold at 2.20 and watched it go to 2.40 about 5 min later cursing for missed opportunitity ... anyway great day for me today Btw i should of traded xch at 72.25 when i had the chance ... uwinsome on a strong bullish run, indicators are almost useless as they exhaust way too early, i never pay attention to the stoch btw, i use just the fast stoch for confirmation on entry prices but thats all, my exits are based on support , resistance, waves and fibo, no stoch or macd will make me sell or buy, could sound strange from a chartist but thats the truth :)
i got sar real good today mate 2 day trades, second one very,very close one to miss the train, got greedy for a minute and thank God it let me sell not on a NT as it happened a month ago NT on a spike bought at 4.1p and then sweating like a horse to get myself out of that crap, imagine tried to place the trade at 1.95 and it triggered on 4.1. Jesus Christ!! Anyway,its history, got myself out clean + some free share left and small profit which is not bad from a huge loss lol Netley in regards to our competition i am already searching another share as monday on the spike i would "Sell" You guys coming or what, leave me alone on the top? :)
i got some more of tni at 64.50, mad about xch .. call it a day
sold my party, lloyds is going down,traded sar one more time bought at 2.00 sold at 2.20 (yes could of waited for 2.35), win still frozen, NWS in the fridge as well, been below 100 for month and a half, XCH bounced off 72.25 should of bought and i missed YELL, bizznizz seems yesterday was the bottom, i always hate when i advise people and i am right but for some reason i dont trade, oh well YELL is a nasty share agreed ... too much risk but definitely will hit 8p probably monday if not today ...
spoke too soon mate :) xch dropped 3p, i am glad it dropped just before i bought so i waited, now i will keep waiting. WIN seems frozen in time ..
2.05 - 2.01 (GBX) at 12:04:10 on Market (LSE) sar, bid and ask lol
i doubt mate, its heading for the gap fill, this will be strong, for the next week as well and will fill the gap, its a steady strong rise, another 2 days by 10% each on the upside and gap will be filled!! I will take a risk and will jump :), keep watching the screen closely though, if it drops then i am out. It is a good bullish run, resistance is far :)
PartyGaming FTSE 250 Consumer, Cyclical Underperform 193.2 Davy
cheers mate, happy birthday, i am in Jesus Christ age 32 :) Turning this board to knowledge board was my aim though, (i quit posting elsewhere just once in awhile though) and i am really glad quaility posters joined here to exchange thoughts, like netley,graysland, seb, uwinsome, arkk,sirbob,mikepenny,you, superwhip. Its a great place and i really enjoy it :) I am watching closely MKS as well.
true, true, what i wonder is will it be carried tomorrow as well, last time it lasted 3 days before retreating the third day, excellent opportunities for day trading though, regardless of the huge spread. I will sell some of my holding though as i do expect it to retrace again, lets see if there is any true about TO as well. I will surely keep 2000 pounds there long term if i make more successfull trades i wil leave even more. Good potential with second positive programme.
i know uwinsome and grays got some of XCH but bailed out, actually i think of joining, this stock is heading strong and will fill the gap it left, potentially 40% rise, above 20EMA , still good 13p to reach next resistance at 50EMA at 186 Hmmm want to see how it fairs on the downside, but it moves really strong!!
hold on mate,i had intense morning, day traded again sar, in at 1.85 and out at 2.65, man that was close, finally i wiped ALL my losses there, i have been watching closely sar mate, i am invested there long term, i hear some people talk about TO, got to read the news but too busy trading. Sold yesterday lloy, all of it, sold 80% of party at 193.1, i will play the resistances now, and with quick moves get few pences here and there. Lloy might go below 60, then i am in for sure. TNI plays fantastically waiting for sub 65 for my second tranche, possibly 52 week low? WIN is still fighting, closing above 139 with confirmation and i am all in, resistance line keep dropping which is really good, it will explode soon. YELL turning the tide finally? Lets see the close, but i am still AFRAID of this stock :)
lets see, good buys still coming, falling below previous open will make me sell them all!! SAR rocks , sold at 1.40 for a 26% profit, wiped out almost all loses from previous buys. Irony i bought 5k only, while for the competition i am "in" with 10k wish i had bought in reality 10k instead of 5k .. and i sold too early looking now ... phh , well cant win them all! Lloy is up 1% but still volume is low
stockster good deal arkk: gapped down as lots of sells yesterday, assuming some for the open (need to get lvl2), you all right mate? Good week so far, eh? mulledwine: thanks for the info, especially if its a positive one :) Party is right at the EMA50 resistance, keeps hovering around, if it starts running out of steam i am out. Got first good resistance at 196.96 then 202.99 and finally 207.76 which is 23.60% fibo. We are a bit out of BB,so price correction to get the price back into the bands could occur, but will it be today or tomorrow? We are about to see. good luck all