Member Info for jamesslater

confirmed, but I don't see any massive rush to buy.

If it's THIS MUCH HASSLE, why bother with it? different if you're in already, but it has been pretty clear reading between the lines that someone has made some money here getting rid of their holding. (a rather canny, clever felow, whoever you are I take my hat off to you sir.......ooooops, wait one sec while I put a hat on, so I can take it off. Actually, can you give me an hour or two? I need to go shopping for a hat because I don't actually own one)

Even If I spoke to the director personally, it would still only constitute a very small part of the overall decision to buy. A director could be lying............or more likely, not lying but putting a good spin on things, as is his job!!!!

I've been looking at this as I look at all high risers. Didn't you con yourself by not doing any research? I didn't buy (or do any research) because just on the face of it it all looked too good to be right. at the very least there is a massive hassle factor involved. If you blindly took the word of someone you've not met saying he's speaking to the director, is that not your own issue? Taken in? No, you walked in!

I never mentioned selling these shares. selling a share totally depends on your entry point. My point and ONLY point has been that this is not an ENTRY point.

I am confident that there is no dramatic improvement on the immeadiate horizon, we shall have to see who is right. Only time will tell. As i have said, this is a good day trade opportunity, but I wouldn't buy long on this yet. I do think it's one of the better placed companies. But still, there is no confidence in the housing market, even with rate cuts. I also just did a quick search on money supermarket for a mortgage on this basis: income 50k Property value 180k Mortgage 162k Deposit 10% There were NO providers available. I had to got to 20% deposit before there were any providers listed (this is not based on personal circumstance, just an example) So, before the recession people were complaining that they could not afford deposits. Now during this recession they are being asked to come up with at least 15% and no more than 3.5 times annual income. I don't see where your increase will come from.

we shall see. regardless though, my method of buying will only lose me a very small percentage if it did go up..................but will net me a much bigger percentage if i am right and it eventually falls further. I totally agree it may go up in the SHORT term...............which as i've said is great if you're day trading. But for the longer term, I really can't see why you think there is some recovery in the offing when all the signs say otherwise.

I don't disagree that PSN is one of the more sound companies. I do disagree that rate cuts are the leading factor in a recovery. This recession has a long way to go yet, more job losses, lots more market volatility, the housebuilders will indeed be the first to show signs of recovery................but not for a LONG time yet, so unless you are day trading, why buy now?

I think this share has done well! I sold mine at a loss when they started going down. I think fair play to those who stayed in................and this share now reflects a reasonable level. I MAY even buy back in again shortly, if it holds. I think it has done all the right things to try to stay in business. It's recovered well, what more do you expect of it! If it holds, great. If not, well........that is the risk and chooice we make when we buy isnt it? I made my choice and took a loss. a mistake as it turns out, but it is my strategy not to follow a share down and it's worked for me.

People keep saying this about rate cuts, yet we've had some of the biggest rate cuts in history and it has had no positive effect. Even if the mortgage rate follows the base rate (as far as it can of ccourse) People are simply not buying right now because most beleive prices will fall further. I fall into this category, I want to buy an apartment in Manchester, but won't even contemplate it till mid next year. also, even if you WANT to buy now, there is the little matter of the fact that lenders are only lending with the strictest criteria to people with good credit history and generally at least 10-20% deposits. all in all, there is little positive to be said for the housing market in the near future. Call me a pessimist. But I call it reality.

I think it's a bit early to consider this an established support. I like this company and want to buy again (I sold a while back after buying on one of it's lows, made a little on it, but that low would be almost a 60% profit on it's current high!!!) That is my point, tthis SP is consistently going lower and lower, so for me to buy I want it to stay where it is for quite a while. Lets face it, if it does rise, it isnt going to be any rising star! I am not predicting it will go lower, but think it well might, though essentially a sound company. If you're talking day trading...............different matter.

the spread is decreasing a bit. which is nice.

In my opinion, these will be a good day trade opportunity quite soon. They will probably go a lot lower, but will rebound I think because unlike companies like TW, it will not be a real value.

the fact that it opens and closes is no cause for concern, this is something which we call hysteresis in engineering.

opened a little wider, but even so its quite small!

Lol, what are you all on about? the spread is 1.28% which is actually very, very small.

Well, I'm slightly flumoxed to be honest. i called the support level wrong and was lucky to leave even.....then day traded a little and made some. Overall, I think it is WAY oversold, unless I am missing something basic? It seems to still have a healthy order book, will not generate profit this year, but doesnt have major debt.........it seems to be in a very good position. I can only assume that it's the sector generally people have no faith in. I WILL buy back in, but only when a support level has been established, and currently it's just in decline. So basically, I hope it works out, I really want to buy it, I beleive in the company and the fundamentals.......BUT, it gets none of my cash till the price stabilises!!!

Lol, that sell was me. Yesterday that £415 was 1.2k or so. I sold at 0.5p and Virgin share dealing couldnt fulfill it and sold it lower. Oh well, we all lose money sometimes. Better than losing all of it, which is the feeling I get from this!

212 at the moment. May look to get in here later, see if there's a bounce back in the next few days. worth a punt.

Yeah, I figureed that, but I still bought this morning on the basis that such good news would produce a bit of a flurry that I could day trade on. Hasn't materialised. Oh well, I haven't lost, but have at 5% will only make a little after costs