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Hi Mikey,
Just about spot on. FTSE flying, this acting like a dog share. With a promoted accountant at the helm, market still has little confidence of a turnaround. If we see another stinker of a report on 26th July, risk of more new long-term lows here. Not a given, but that risk exists. - Regards & GLA.
Hi Mikey,
Thanks. I appreciate it's not one-sided. I've caught similar comments from different posters. To clarify, no problems with your posts about VOD here. As you say, it's a free world.
No doubt we'll all get past this less savoury business when SP finally sees better recovery. - Likewise, ATB!
Hi Mikey,
I know tempers have been raised & I expect that'll continue . Losing money, even paper losses usually leads to predictable outcomes. Just the heightened stress can set things off. Been there myself.
IMO, everyone here has something useful to contribute, be it in different ways. Dan to his credit has been honest with his position & often poses VG questions to others. You too & have rightly questioned the CEO & VOD's ongoing lack of performance as we remain not all that far off 10-year lows.
Believe me guys, the ad hominem may feel good at time of posting due to all the stress, but it achieves nothing more beyond that. I just hope that we can finally see 134 AND consolidation in the days ahead, before 26th July. Otherwise, I still feel I'll be tempted to exit. Not because VOD won't recover over time. But because I might do better elsewhere before this fully recovers, ie. return closer to 200, though 188+ sees me back in profit, NOT counting all the yield taken. - Regards.
Hi Dan & Mikey,
Jesting aside, best to blame no-one bar ourselves. As stated to Longish, we're at a key SP level that's seeing a lot of buying & selling, the balance of which seems close to a stalemate. Hence SP been stuck in a fairly tight range the past few days.
Frankly, agreeing with Trendfriend, as it stands things could go either way. No-one knows what myriads of buyers & sellers will do here over the coming days until we have fresh VOD-specific news to change things. More upside soon by no means unrealistic. - JD still holding on, but far from complacent. - GL to both & all!
Hi Longish,
I hope you're right. FWIW, for my money, we have an intense battle ongoing between bulls & bears around these key levels. As mentioned, one marker for resistance confirmed as broken & leading to more upside is when previous resistance becomes a support level. Like you & many here I was hoping circa 134 would now be support. Alas, we have to wait longer to find out whether that becomes so, or if we fall back.
On the plus side, daily volume behind recent slight dips in SP hasn't been great, so you may well be proven correct.
Frankly, I'm not too concerned whether it happens by this Friday or next week. Key thing for me is that we see it before the 26th July.
PS: Excuse typos & careless punctuation at the end of my last post, but had a busy day & distracted by other things when posting. - Regards & GL.
Hi Trendfriend,
Thanks for elaborating on earlier comments. VG points from you as usual. Thought-provoking. Will make a note of the recommended John J Murphy book for later.
For me, when trading TA is foremost, bar when close to results. If buying more longer-term, then fundamentals come into it more so. I mostly trade UKX & there TA is important, but so is macro economic/political news, for eg. any effect on value of sterling which in turn affects UKX.
As for VOD: when previous resistance becomes support, we have confirmation of resistance broke, In VOD;'s case, that's plainly failed. with today's 132.50 close. - Regards & thanks again.
Hi Mckirgan,
The only ones who need to know them, & they DO use charts, are professional traders, major hedge funds, et al. Most employ computer algos. By far & away most trades today are algo-driven. A lot of it follows TA, unless there is compelling fresh sector or stock=specific news, such as results, to see resistance broken or support give.
As I've mentioned a week ago, TA is a VG side-tool. but it's more useful for traders. For L/T investors less so as for latter type core fundamentals tend to matter more. - Cheers.
"133p resistance broken next resistance is 139p and will it get there next week? "
============================================
Hi Dot,
VOD's SP closed 133.10 & 133.68 on 2 days in early June. Resistance is now 134.
Also kindly note, it is NOT yet broken as closing SP is what counts, not intraday moves. We can only hope for confirmation by the UT at 4.35PM. - GL.
Dan & all,
I don't want to tempt fate with nearly 4 market hours left, but a decent chance VOD may break resistance today if finishing as strongly. That would indicate more upside ahead in this cycle. Here's hoping. - ATB!
Encouraging to see market getting more positive, granted that some of the rise may be related to FTSE 100 at new YTD highs. Though in perspective, TSCO slightly down so far. Would settle for any close above 200 for now. - GLA.
Nuri,
Unless market reaction changes later, a slight drop in sales seems to have been mostly priced in. SP only down a bit. But jury very much still out on Coupe. - GL.
Hi Dan,
Thanks. I agree. It has been an odd day. Certainly not good in view of a strongly rising FTSE index, but also nothing alarming.
Today’s news confirming much easier switching for users who want to change mobile phone providers may be a factor? Though it was largely expected, I imagine it just adds another element of uncertainty in the entire sector. - Regards & GL.
https://www.expertreviews.co.uk/networks/1409582/text-to-switch-changing-mobile-networks-just-got-simpler
TLWilliams,
Excuse typo in your alias (missed one "l") as distracted by other screens. Apologies & corrected. - Regards.
Hi TLWiliams,
Thanks. Much agree. Things can change fast within hours. After seeing 132+ intraday, I guess some profit-taking from recent buys at lower levels was always likely. Also, whilst closing SPs are far more telling & we'll probably close down on Friday, it's still far from a fully-fledged reversal. SP about 128 as I write. Still disappointing, but little to get worked up about.
For me, little changes looking ahead. VOD's update on 26th July will be as important as any for a long time. We know those occasions can go either way. A surprise on the upside, then up we go. OTOH, a worse than expected further drop in revenues could well see new 10-year lows. No-one really knows, bar insiders.
With so much at stake, I fully intend to hold on for now. However, I honestly can't say whether I'll still be holding by the 26th. Much depends on SP levels by then & what market volumes are saying if SP is falling before then. If we see SP dropping on large volume, I may well exit.
Big decision ahead but that's applied for a while now & it's one I won't make yet. (Ditching the leveraged longs at huge loss at 133+ a month ago was easier for reasons in my post at the time, not least that I trade UKX & wanted to free up margin).
All the best!
Hi Alan,
Thanks for those screenshots. Appreciated. It's very evident that unless one is after a broker with better research resources & greater access to global markets, these lower-priced brokers are at least as good as those much more expensive over time. X-O remains on my shortlist.
Good rise across the FTSE today on the back of G20 optimism. How long it'll last for seems anyone's guess. But encouraging to see VOD's SP return to 130s. Even better still if we can achieve some consolidation at these levels. - Regards.
Hi Alan & TLWilliams,
Thank you for updating me, Alan. Much appreciated. Glad to know you had a smooth transition to X-O. I'm still trading more than I thought I would, so taking advantage of ii's commission-free monthly trade. However, I'm still planning to move soon.
It was Velo to his entire credit who took time to do a test between iWeb, HL & AJ Bell. He discovered that the cheapest, iWeb, always held their own on execution prices &, in one test, iWeb's execution even got him an extra 6 shares. Impressive for £5 commission, though platform research resources will understandably be basic.
Agree with you TLWilliams, that some posts may be removed for reasons other than abuse. Probably includes broker reccs.
Re VOD: in context a decent couple of days after support at 123+ retested & held. Naturally, the higher the SP is before next update on 26th July, the better. So I look forward to seeing more steady progress over the coming 3 weeks, bar inevitable blips.
PS: I still find this site going down for me for a few hours at a time. Hence some delayed response.
All the best & may all have a VG w/end!
Hi TLWilliams,
A little qualification. Indeed, IMO, Read's used his cash bonus under said plan.. Read's transaction states: Nature of the transaction - Purchase of shares in connection with the Vodafone Global Incentive Plan and purchase of shares as a personal investment.
But at same SP as Leanne Wood: 125:09, who also got a huge award of incentive plan shares. So presumably Read put some of his global incentive cash bonus into adding more shares. That's all. Just another handout. They're not exactly using their private funds so much. But cash bonuses under the plan to add shares, whilst other directors just tok the awarded shares only.
IMO, it probably means little anyway. Their directors got it hopelessly wrong when buying in the 160s. Following them has only cost many holders lots of paper losses. - Regards.
Stewball,
Not many bought at all. Most awarded as bonus shares, not least to Read. Hence same SPs for all directors in initial handout: 125.09.
Also some handout shares just before that at bottom of RNS, again all awarded at same SP of 124.24. Most are basically "Conditional award of shares under the Global Incentive Plan, based on Group performance and local performance respectively." - Cheers.
Hi TLWilliams,
Thanks. Others to their credit have given much more detail on this, but I prefer to keep things less complicated with TA.
Decent day here in context. SP closed 128.66. Things may get more interesting when we revisit 133+. Some charts have 134 as VOD's next key resistance level, mindful of two 133+ closes around the ex-date & intraday rises to 134+ that soon got sold off. If we can re-test that 134 level over the next week or two & finish higher with good volume, it'd augur well for further progress back to the 140s. - Regards & GL.
Compass,
Please note, those director shares are just the usual bonus handouts as part of VOD's "global incentive plan". - Cheers.