Member Info for MarkBellUK

Just bought another £10k

Without a doubt 100 and with many of the sellers gone this will move up quick

We are oversold or very close on all the main indicators now, RSI CCI W%R

Yes the bottom is tough to call...240 takes it to 2011 levels...220 to 2008..I hope it picks up this afternoon as at the moment from a chartists perspective me have a half decent evening star

I think its due to the downward momentum it already had

IMHO now is the time to buy not sell. Im holding quite a lot at 450 but will be topping up quite heavy anytime soon

Its almost impossible to catch the bottom but 300-325 range it was the chart is telling me although I may miss out if we've bottomed today at 351.8

Remember this will climb back to the 450's range just as fast as it went down when the dust settles..beyond that is going to take a lot of time I think..DYOR

>So why are we down 7%? It makes no sense.

We are down because of market sentiment across the board with shorters using this to add into the mix the sale of their holding, adding to the downward momentum

The other problem we have is that technically we are off the chart. You have to go back to 2011 to get 240 or 2008 to get 220 and with fundamentals all over the place, this is hard to value

However IMHO (and all the brokers) this is now very undervalued so I had to top up another £10k in the auction @ 259.2
#
The question is when will the shorts start to close out..I can only assume they are trying to push to 2011 levels?

>How low can it go?!

Trying to work out the exit price for the short funds is the key to that...

The short funds are firmly in control of this at the minute imho

0.27% increase on 15/16 Sept that's 728,263 shares!

Definitely Im looking to top up and average down my price asap

You would like to think this will push up at some point if oil keeps moving up as well as it is

In full

LIBERUM RAISES REDROW PRICE TARGET TO 460 (410) PENCE - 'HOLD'

JEFFERIES RAISES REDROW PRICE TARGET TO 666 (653) PENCE - 'BUY'

JPMORGAN RAISES REDROW PRICE TARGET TO 520 (510) PENCE - 'NEUTRAL'

* Redrow Plc : Jefferies raises target price to 666p from 653p
* Redrow Plc : JP Morgan raises target price to 520p from 510p

I just read that rdw did not use the furlough scheme

Well done!

yet not pass anymore back to its shareholders...

Trading update from IG tomorrow

Redrow: Canaccord reiterates buy with a target price of 550.0p.

Neither did I gg buy

"Elad's bonus resolution withdrawn for now but will be revisited at the remuneration EGM following discussions with major shareholders."

Reaction to the special bonus I think...Plus500 is seeking approval at its annual shareholder meeting today for a special bonus for Elad Even-Chen, its finance chief, to reward him for helping it pay less tax.

The $1.23 million one-off cash payment comes on top of Mr Even-Chen’s pay package, which this year could reach $4.86 million in salary, bonuses and share awards.

Market markers fishing for stop's @ 440 so be careful if you have them

Come on old girl

Might even open in the mm's stop messing about

lol as im typing it did