Member Info for marfthew

Hi Teslo,

Thanks. Yes I agree, I’m pretty sure quite a few stop losses for the big boys we’re going off yesterday which just compounded the buying and what should have been a maybe 6-7% rise turned into 25%, in other words a short squeeze.

Still a little bit of euphoric hangover today and the price held up and closed where it started bouncing off that 210/211 area. I was surprised it bounced back to 219 to be fair.

However I’m not sure where the buying will come from now over the next couple of days to hold this up. No one wants to buy in after a 25% one day melt up.
And yes as we both said, short positions will be getting placed again by the big players.

Check out July the 22nd last year on the charts, short interest dropped as low as 1.57%, the following days the share price dropped off a cliff and short interest rocketed

Okay sure. Erm why different to today then. Ended where it started.
Can’t see the Royal Mail being at the height of City chat either.

Seriously after a 25% 1 day pop and all technical indicators are massively overbought.

Clearly Blackrock have unwound half of quite a large position the past 48hrs, accounting for said 25% pop off of slightly better news but nothing to warrant a half billion rise in market cap in 24hrs.

Blackrock and more will probably start reloading their shorts tomorrow and the next day given the technicals. I’m sure you’ll see the short interest starting to rise again. Some air needs to be taken out of the very sharp 25% rise. Seems to be some decent enough support at the £2 mark, once it breaks through the £2.10 area it will be interesting to see if the £2 handle holds

Coff,

I’ll be buying more at around 2.17-2.18, good support there and for a day trade a seller at 2.42.
But that depends what your strategy is and whether you want to hold over the weekend and the newspaper articles, which there’s probably some more of yet..
I bought some more at 2.24 and will top up again at 2.17 - 2/18 if it hits that support today

Thanks

A nob who got it spot on. Don’t be bitter fella

I said get out at 2.42 this morning because there was a lot of resistance there and it will drop and then rise again.

I’m in again now at 2.24, will see how it goes.

Hey Nick88,

How did the finger in the air work out for you this morning. Please re read my post below from last night. Technicals are rubbish you say hey??
I just got out at the very top as per my post last night and have started buying in again much lower.

“”Why are there a majority on here wetting themselves that this will go to auction first thing in the morning over the directors buys???

This news was out with nearly an hours worth of trading left this afternoon, yes it moved the share price but not massively.

Did you all miss that and think this is new news???

On the hourly it’s just entering being overbought, a lot of resistance at the 242/243 area, may go up and hit that and have a drop before going up again.

But may gap up and if you’re lucky fill the gap all the way up around 278. But I think that’s being very ambitious.

I’m in at 210 btw today. Which was a resistance I said I’d buy at””

Hey no problem and good luck with your trade.

I was just saying that as the news was already out with an hour of trading to go this afternoon and most of the big players would have already been in, probably unlikely it will be going to auction in the morning.

Yes and I bought at 209?? What are you in about?
I didn’t fill my boots, as yes I thought there was a possibility of it going to resistance at 180. But I bought a fair share and happy enough with buying at 209.

Also I’m long here so not sure what anyone’s problem is. There are some very odd characters on here and pretty dim at that.

I will stick with my technicals. I bought pretty much at the bottom off the back of them and I will stick by them.

Good luck with your fingers in the air.

And FYI, I am worth quite a bit more than someone has stated. Not sure why I can’t post constructive comments on here. Seems unless you scream and shout auction and buy buy buy you just get ridiculed.

So I won’t bother. Good luck to those with your heads screwed on correctly and the rest of you. Well good luck with the fingers in the air

I hear you. Just saying that it going to auction is being a bit dramatic. That news for the big buyers not retails is now old news. It’s not going to move things as much as some on here are stating.

Just being realistic and agree it should be an up day tomorrow with a drop somewhere along the line also. That’s trading

Yep I’ll put my finger in the air. Thanks for the advice.

Erm yes but you can still see what time that news was released very simply. Perhaps you could start with that. Get to the technicals later hey

Well thank you sir. Good luck to you

Why are there a majority on here wetting themselves that this will go to auction first thing in the morning over the directors buys???

This news was out with nearly an hours worth of trading left this afternoon, yes it moved the share price but not massively.

Did you all miss that and think this is new news???

On the hourly it’s just entering being overbought, a lot of resistance at the 242/243 area, may go up and hit that and have a drop before going up again.

But may gap up and if you’re lucky fill the gap all the way up around 278. But I think that’s being very ambitious.

I’m in at 210 btw today. Which was a resistance I said I’d buy at

And btw it never ran upto £2.50 from that point either. So you either got stopped out or are holding a loss from £2.34. You certainly haven’t bagged another £42k profit. Utter rubbish

AXECAPITAL

think your maths must be out given what you last stated. Or you’re just talking nonsense. So you went long at £2.34 and stated you’d made £248k.
Now you state you have made £290k and the share price is now 10% lower than your long entry. Go figure??
Of course you’ll state that you then got straight out of your long position and decided to go short. Stop talking rubbish. Your previous post below

13 Jul 2020 08:28
Full exit from my at £2.31 from £3. Back in average £2.34 for run back up to £2.50. £248k in 14 Days!

What are you on about? This is your way of investing, coming in here and saying we need 5 positive posts to every 1 negative post. On the hope this will somehow make the share price go up.

Are you kidding, I’ve seen it all now. You shouldn’t be investing, scary. How about technicals? There’s a start.

It has hit by first technical I posted about 2 days ago at 210, and I have bought some here.

Will buy again at 200 and then 180 of it gets there.

Wow yes brokers forecasts are always so accurate. Never ever do they make forecasts for their own gain only. They are whiter than white

Good advice, just ignore the technical key support areas for a bounce, instead I’ll just put my finger in the air and have a guess

Silence the noise of the rampers on here for a moment.
Technically in the coming days this will either do a double bottom around 199, or find support at the 180 area or lastly bounce off the March low around 136.

My pick is 180 but there is some support around the 209 area where I’m going to start slowly buying in and I crease that around 200 down to 180

Why call them a chancer? It’s just a different opinion. In these scenarios stocks can go down far more than anyone expects.

Technically it hasn’t even hit any major support for a bounce. This lies at around 180 and then the March low of 135.

Personally I don’t see it hitting the March low again in the short term. But in the next few days it could definitely visit the support at 180 before a substantial bounce back from a oversold position. The RSI has just come into oversold but this can run for another few days no problem until a bounce.

Yes and that’s the problem, the market isn’t reflecting anything that’s going on at the minute.
I sell barrels of oil but the price of that barrel of oil I can get next month and the month after doesn’t matter, yeah okay.

Same with the S&P, hey we’re at the same level as this time last year, yes that’s right the same level, erm the World has stopped for 2mths months, but hey we don’t see that as a problem, same level as this time last year when everything was great.

The markets will wake up soon enough. This putting your head under the covers and ignoring everything going on can only last so long.

I’m not short on anything, I will buy as close to a true bottom as I can. IMO that bottom is a long way off. The pain from this is going to roll and roll. Wait to the banks start feeling the pinch, which they will soon. Defaults are going to be coming at them from all directions