Member Info for MarkBellUK

Patience needed

>. Amazing that Mcro is now back to a level before the Amazon selection was announced.

IMHO looking at the chart the main issue is that the trading range we are currently in, is so large. I have support at circa 380 and resistance circa 515, so we will get tossed about in that range. We are currently in a retracement which you would expect given the +100% rise in just 4/5 weeks. As long as the retracement doesnt turn into reversal we wont hit support (although there was 3 line strike in a uptrend (10th,11th, 14th)) within proximity to resistance, which is quite accurate and of concern,

The good news is once it breaks 515 the next resistance is circa 800 (and thats debatable some would say its not formed there and that would put R @ circa 1040)

The bottom line is PATIENCE and my weakness!

In case anyone hasn't worked it out Clemec is also thetwopp , Apendragon and probably other new posters that have appeared deramping.....the spelling gave it away on thetwopp:-

"I think I told you guys, but the math genious Mark didn't get it"

Unfortunately now the MCRO forum clown, full of lies and fantasy trades please do your own research and dont be persuaded by his views. For the record I say the same about my own posts - DYOR. I dont always get it right but I do genuinely try to help people and post my opinions and back them up with investing or trading what ive said

Not that anyone is interested but for the clueless traders amongst is this was my first mcro post when I INVESTED:-
MarkBellUK

Posted in: MCRO

Posts: 2,572

Price: 295.80

Weak Buy

RE: RNS03 Sep 2020 08:12
Solid RNS..hopefully see this push through resistance now

>This share is v odd at times.

Exactly when its an investment share rather than trading!

The Art of Execution is a superb book imho

Ps Exchange rate was 1.29 1/11/17

8.8/1.29 = £6.8m so only £800,000 out!

Up 4.7% USA .. Close that short quick unemployed thetwopp

>1. $8.8 billion = 6 billion GBP

OK I will just stop you there. Absolute horse why bother reading anymore if you can't do basic math

>I am..one of those ex-employees -> . Because of it many people, including myself quit the company.

See above

Thank you YourNameHere for saving me the typing and saving lazy arse the research time

Nice double bottom on the chart people

Upcoming Events for MCRO

Tuesday, February 2nd 2021
Full Year 2020 Micro Focus International PLC Earnings Release

PS Where is the retrace specialist JollySpeculator??? Is the retrace over? Its starting to look good IMHO

I believe your humble opinion is correct!

Definitely Im topping up x 3!

>I agree that downward drift will always be the order of the day whilst waiting for news and results.

And what about the buying pressure replacing the 7,000,000+ borrowed shares (aside from PI's etc etc)???

>'no news' for this stock means slowly going down.

As thats a "given" you best increase your short and leverage to the max!

Q2 Rev £207m / Q1 Rev £209m. (not far off a strong Q1)

Looks like PLUS500's number will be strong also

It could be Clemoc as the purchase of 530 never happened...we max'd out at 510 so Apen makes up trades like Clemoc at least...

Apendragon I would strongly recommend a Stockopedia subscription . Plutus Powergen has a rating of 3/100!! as does Angus Energy!!!
It shows all the fundementals, accounts, charts etc etc

My best GUESS is It looks like a tug of war between people taking profits, people trying to trade it and investors coming in for the long term (whilst the short funds watch from the side lines and consider their next reduction point)

The entire market looks at 6's & 7's today