The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is getting obliterated at the moment. Looking to place a long bouncer day trade here.
Came in here today at 232, it rose to 245 and I set my stop at 240p which was triggered. I believe this will rise tommorow as the market has pulled itself back up a little.
Anyone want to give me 304.5p for 6000 shares. Other traders looking to get in catch my pullback 'cos there's still more legs here.
If this breaks 302.50p again it will rocket.
Getting annoyed with this now, I am paying a daily financing charge on a long position in this, the RNS seems positive but what do you guys think. I have little knowledge on the government in Madagascar and to be honest the whole operation sounds Mickey mouse. My broker thinks there might be a way to write my CFD holding off, obviously I'll loose 100% but 100% loss is a lot better than 100% + infinity!
Decided to close my short here. Managed to catch some of the trend down but getting nervy.
I brought 1.2k (my standard trade size) worth at around 78p. I'm not bothered if I loose these shares as my trading strategy can afford the odd 100% loss here and there, obviously my profits for december are very little now. This is my first ever share suspension and anything less than 100% loss is a bonus as far as I'm concerned..
Guys, in case anyone is wondering what happens here, I've spoke to my CFD broker and if the shares become unsuspended we will be given the same amount of shares back at whatever price they open at. So it would seem we are locked in here now, so I guess the only thing we can do now is hope that MOIL win the legal battles, Obviously the reason why we invested in this company is because they are sitting on East Africa's biggest oil resource. Hopefully the government will realise how bad this is for business. If we are lucky here I imagine the share price will be seriously devalued, I may even sell my holdings at a loss however I still think there is a huge opportunity here if things come good again.
I'm confused, have MOIL done something wrong? That RNS doesn't say much. Why would the governing body be interested in aquiring the licenses?
How do you know it's city group buying, are you looking in BATS?
Any ideas why there is hardly any volume at all. Considering the prospects of this company you'd think people would be flocking.
Nicely ticking up. If you are thinking of selling use a hidden limit. I setup a limit order to sell at £10.42 and the market makers instantly brought the price to £10.40, when I removed the limit the price went back up. Co-incidence? I think not. Anyway, I'm holding, plenty more upside here.
Out of here with a small loss.
Looking for entry of 46.6
OMG Somebody just brought 9025 shares for the bargain price of ...... 185p!! WTF???
As it stand today XCH look horrible (good for shorting) break it down like this: It's in distribution, it's a chart breakdown, it's below the 50 day ma, it's overbrought, it's MACD crossover down.
looks like a breakdown from the H&S pattern to me. I came up with the same H&S pattern and was considering shorting this stock.
I've decided to short this stock, H+S pattern was confirmed. Bulls should take note of the resistence at 73. If that breaks, I'll be having a party, if it don't I'll take a little bit of profit from this short and walk away.
Head and shoulders pattern (daily chart), I hate these damn patterns, they always spoil my fun! I was looking to hop on the bandwagon, think I'll sit this one out and see if it bounces off the neckline, if it does, down trend city. One thing I have noticed with this stock is the extraordinary acuracy of the candlesticks on this stock, looking at the history this stock LOVES green, in fact I've never seen anything like it before. Anyway lets see what the next few days brings, that'll answer wether to short or long this stock.