Member Info for ma5k

Although there was a dramatic fall last week the SP nevertheless remained firmly within expected margins. Although charts are limited when it comes to predicting the immediate future I believe they are often useful for identifying established underlying trends that are rarely broken regardless of news: http://www.tellas.co.uk/Charts/HOC_17-08-20.jpg Obviously charts are open to interpretation and often disregarded by many, but personally I would be very surprised by a drop to.£2 as suggested. IMHO, DYOR, GLA etc etc

moniman "As for chartists', then you definitely have more chance of predicting the share price using a crystal ball, and that is a fact." Charts are only a tool but many professional traders use bots that rely on artificial intelligence algorithms that are based on the same historical data interpreted in exactly the same way as manual chart analysis. While historical data can't predict events like unexpected news, events such as this usually trigger short-term volatility whereas the underlying trends that drive longer term movements usually follow clear patterns that charts can help identify. Each to their own but personally I find charts very helpful,.. I suspect the chart I posted on how this might play out could prove reliable and while I wouldn't rely on it entirely, it certainly has some influence on my overall strategy. If you prefer crystal balls then fair enough & very best of luck to you! :-) GLA

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=YOLO.L

The Ask seems to have stayed at 0.75 while the Bid increased from 0.65 to 0.70... transactions at the lower advertised Bid showed up as buys and at the higher as mids, although they all went through at 0.725. In that basis I'd say I was wrong before & they were all more than likely buys?!

pumpky - I'm guessing they're all sells (getting out in case it opens lower on Monday?) Personally I think there's a good chance it will rise from here! IMHO, DYOR, GLA etc etc ...

Sorry, my mistake, looks like increase in shorts was a couple of days ago!

Declared shorts risen above 13% again today: http://shorttracker.co.uk/company/GB00B06GM726/all Still a long way down imho

ADVFN showing slightly more buys than sells overall today - pretty close but certainly not the anticipated mass panic sell-off reaction to a malign spike... held this level pretty strongly most of the day & looking like it could just be a normal modest retracement before possibly taking off again on Monday?! Got a suspicion the bulls will have at least the NAV (1.5p) in mind! IMHO, DYOR, GLA etc etc...

Looks like this is as likely to fall below 100p as rise above 200p in the coming weeks. Personally I reckon it will slip downwards until at least September & then perhaps start to recover at the tail end of the year... 2018 should hopefully see better results driving the SP up again. In the meantime certainly seems like one for the brave (or perhaps foolish?)! IMHO, DYOR, GLA etc etc

Korg "If your on the sidelines, it might be worth a punt." But only if we've hit the bottom & I suspect this may have a way to fall yet... if it was primed for a strong recovery that would surely have followed Monday's rns - as it stands it looks like this may take some time to play out with the distinct possibility of downwards movement before the anticipated up. I'm guessing the big shorters haven't closed their positions yet for a reason? I believe there's a good chance of a recovery from Q4 on through 2018 but entry now could be premature so sidelines it is! IMHO, DYOR, GLA etc etc

Ionic - looks like you're not alone in your assessment: https://www.barchart.com/stocks/quotes/TCM.LS/opinion

Ionic - looks like you're not alone in your assessment: https://www.barchart.com/stocks/quotes/TCM.LS/opinion

RichinMinerals "See you all in September, by that time any open shorts will have been put to sleep" I think this might well take longer to play out than many seem to expect. This came to my attention when it first fell dramatically before the further Katz induced drop. Taking fundamentals & shorts into consideration I did a quick technical analysis & came up with the following: http://www.tellas.co.uk/Charts/TCM_17-08-07.jpg Obviously charts are open to interpretation and at best give a crude insight into possibilities which might or might not materialise depending on how the wind blows, however it seems reasonable to assume the considerable shorts have not yet been closed as they are in the firm belief this has considerably further to fall and are no doubt holding out with a target (sub 100p?) in mind. IMHO the significant volatility we are experiencing is a fairly well matched fight between the shorters and those impatient for profit through a quick recovery... I suspect that over the coming months both might get their way! IMHO, DYOR, GLA etc etc

chilting: "Anyone who states differently clearly has their own agenda" ________________ Not necessarily true - I for one am watching this with interest but so far have no stake or even intention. While I see potential for a strong recovery at some point in the future it is far from clear that now is that time. I believe the uncertainty in the market to be well founded and think there is a very real possibility this could drop significantly further over the coming weeks. As things stand I remain sceptical that the problems are as yet satisfactorily resolved and would be very cautious to buy in at any price level until the dust fully settles.

I'm sure the big boys won't take their shorts off for the likes of you Richin! :-)

"No decent professional investor or trader uses them" ---------------------------------------------------- On the contrary many professional investors, and traders especially, rely on automated bots which use artificial intelligence algorithms that are programmed to interpret historical data in exactly the same way as manual chart analysis. While past data can never predict future news events and their immediate effect on SP (usually seen as superficial volatility), the underlying ebb and flow of finance often follows a fairly consistent pattern over time. IMHO, DYOR, GLA etc etc

This is what the bots think... https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TCM.L

Regardless of news which can directly affect sentiment and drive the short-term SP north or south, there is always an underlying trend that drives a share and dictates long-term outcome. Although the last few months have been testing, the weekly charts give a much more optimistic outlook revealing an unbroken underlying growth trend since early 2016 http://www.tellas.co.uk/Charts/RGM_17-08-12.jpg It's all to easy for surface volatility to undermine confidence but at such times it's worth revisiting historical data and reminding ourselves of the clear direction this has been consistently heading. From this perspective the future here looks very promising! IMHO, DYOR, GLA etc etc

Thanks for the courteous reply zumore If someone is winding you up imho best leave them be... I agree that diverse opinions are healthy but these BBs seem to work best (and attract valuable new input most) when they remain on topic and avoid personal conflict. Best regards and good luck to you too! :-)

When this came to my attention on Monday due to the spectacular fall I did a quick technical analysis taking into consideration the potential hinted at by the rns and fundamentals (this was before Wednesday's further decline): Here is a simplified chart: http://www.tellas.co.uk/Charts/TCM_17-08-07.jpg While I believe there is massive upside potential here I personally believe it still has some way to fall before making a strong recovery. The fact that professionals are yet to close their short positions despite the dramatic decline seems to reinforce this. http://shorttracker.co.uk/company/GB00B06GM726/all As a result I am holding off making an entry. Obviously charts are open to interpretation and I would welcome your thoughts... IMHO, DYOR, GLA etc etc