Member Info for Maximillian

I started the black and blue lines lines on this chart over a year ago and have been back to it a few times. Interesting that today the price bounced off that shorter term red support line recently drawn, as it also intersects the blue line I would imagine stronger support at this point, around 1430. If it falls below this price I would expect support again at 136-1380 range. http://imageshack.us/photo/my-images/841/brby20110802bounceonlts.jpg/ http://imageshack.us/photo/my-images/31/brby20110802bounceonlts.jpg/ The Stoch, RSI and MACD aren't saying a great buy in point as they're not at their lowest values but I'm giving support the value of the doubt. http://imageshack.us/photo/my-images/155/brby20110802bounceonlts.jpg/ The last 3 bounces off this red support line have resulted in swift rises of 273, 205 and 243 points, say an average of 240 on top of today's 1430 low gives a target of about 1670. I will post back with an upper resistance line drawn later. As I bought in today after seeing the price approach that support I'm hoping for the bounce off it.

I've been waiting for a decent dip since about 700 on this one and when they do come along ( rarely ) I've missed them, looking for 10% here in the next few months, hope the Chinese keep buying Burberry goods.

At 297.60, looking for 10% on the back of a lift in the markets and another bull run post American debt ceiling resolution. Its only a couple of months of 10 year lows at the mo, not a definitive buy signal alone but with BAE worth the risk in my book.

glad I wasn't the only one then. Like the tallest skyscraper when it starts blowing in the wind too much best stay outside in case theres the sign of a crack in the foundations.

Looks like my stop will be triggered soon. Half tempted to lower it as it's M&S and some AIM share but for reasons of self discipline I won't.

It's been running down parallel to the channel it broke out of on 8th Feb. I was hoping it would have turned up before now. http://img87.imageshack.us/i/mks20110222channelsuppo.jpg/ I'm hoping it bounces off the support lines shown, if it doesn't I suspect it's going to sail through my stop. Stoch and RSI bottoming out, MACD looking indecisive

Hello maffa, I have been mulling over selling this for the last fortnight so it wasn't a spur of the moment decision. I had it in 2 funds, the original I was in at 38p thinking it was a good price, the second at 24p thinking I couldn't lose and would make up the loss from the 1st fund. Now at 12p you would think it's a good price, maybe it is but could also be a lot lower at some point if there's further dilution, I just don't know but I'd rather not hold until all my investment is gone. I was planning to hold 3-5 years so you could say just ride this out, however with all the debt crisis and upcoming massive public spending cuts I can't see that there will be any upturn in retail this year meaning STY will have burnt the last 4 million of their cash and will be moving to a debt position to stay afloat or issuing more shares resulting in further dilution. This last AGM with a reference to the latter ( I think, couldn't quite understand those legal sentances with 1 fullstop every 10 lines ) is the final straw. Perhaps my outlook is too grim but really I should never have let my position develop such a loss so I have only myself to blame. I don't blame STY, the markets or anyone else and all of this is, obviously, my own personal opinion which I don't want or expect to influence anyone.

No reply to email as usual. I've had enough, I should never have let this get to a 60% loss but I did and I've learnt my lesson. Good luck to all who are going to bear with this.

Mailed STY this morning, keep you posted

Good find, I needed to read it about 5 times to even begin to get a grasp of it and still not sure what it means. The explanatory note on down is a bit better. It looks like they can issue shares to the value of 5 million or 33% of the market cap as of 28/4/10 which was approx 15million, as the market cap is now about 8 million that would make that % a whole lot higher. I would have expected some big reaction just prior to that agm or on the day of the agm but the big drop didn't occur until the 19th May, the market can't be that slow to react surely? It's late and I'm cream crackered but if no-one has posted any explanation tomorrow I'll mail STY tmwr and ask for a plain English explanation. That's if the post box hasn't been boarded up and they've moved to a portacabin in the corner of a yard somewhere.

Hello, do you have a link to the article? I'm only seeing a table from the AGM on the 25/5/10 on ADVFN news

If I wasn't already at over 60% loss on this I'd sell. Seems to plummet on the bad days and just trickle away slowly on the good days when everything else is rising. STY has been my learning share for all the things not to do when buying shares i.e. Not waiting for an established uptrend, buying AIM, Holding..

Most shares are on a downward trend at the moment and as Spaceman stated, have lost large percentages in value. STY is no different. Retail is first to suffer in recession and often last out in recovery. HVE has also dropped from nearly 19 to 13.75 in the last month.

Hello, Yes I'm aware of STY's situation, I have 2K in an ISA at 0.38 I've held for a year now and 2K in a SIPP at 0.23 I've held for a couple of months. I've done my research and agree they are risky as all AIM stocks are and also within their own field of work. Before this last dip all the signs for recovery were looking good, recruiting new key staff, lots of new contracts ( I'm aware margins are tight ), cash positive at 4 million ( although the using up of 4 million in the last year not so good ) and loan facilities available if necessary. McKeever has always said this will be another tough year. I'm in for 3-5 years and yes it's a gamble. If the market turns bearish a further drop will probably happen but I do think they are undervalued at current prices. I wouldn't buy ANY new stock until we see what way the market is going but for my level of investment I'd rather take that risk and hold rather than cash in at a loss. If anything they have to at least be a takeover target at this price even if that is only for the name as others have mentioned on iii they are more management contractors and don't have that many assets. As for the manipulation I do see it going both ways, down as well as up. With a 6% rise today someone is making profit from those that sold last week when the price dropped. It's nigh on impossible currently to find a share that isn't being either directly manipulated by MM's who are the holders of that stock and providing liquidity or indirectly by other strategies such as those employed by Hedge funds. Having said all that I have to say this share can be very wearing and I only hope my gamble pays off in a few years.

You're spot on, I just checked PLUS markets as well, no transctions since yesterday. Actually that makes me feel better as eventually they're likely to manipulate it all the way back up lol.

Someone posted on iii they still have a 10m loan available to them? I haven't verified this but if true this would keep see them through to the last quarter of next year at the current rate of expenditure. Surely things will have improved by then unless all the shops have closed and we're all queuing at the soup kitchen which I suppose is always a possibility.

Looks like you weren't far off when you were asking about a 15p entry point a few weeks back.

Fair enough, I see where you're coming from. I had 2 investments in here, one in SIPP at 0.29 and one in ISA at 0.38. The intention on both funds was to hold 3-5 years. I sold up the SIPP one at a loss, can't remember what price, reninvested elsewhere, made about half the loss back and then reinvested here at 0.23 or thereabouts when I thought the outlook looked a lot more positive.. I considered investing more in the ISA when it was 0.19 but for self discipline reasons didn't. The amounts I now have in both funds I'm happy with. I do personally think this has bottomed out, when it went to 0.20 the naked trader and a lot of his followers would have been stopped out, low volumes on this share cause significant movements hence te drop to 0.19 at that time. As I say if I'm sticking to my plans these days so won't invest any further here on what I've already put in but I do believe this is a bargain price to be getting in at. I think there would be a lot of buyers if it went sub 0.20 and this would keep it from 0.15 which of course is possible if there's really bad news. GL

Anything is possible of course. What made you come up with 15p in particular? No-one has any idea where this headed in reality, I'm expecting a substantial when eventually, decent profits are announced. This might not happen until the end of the year, STY rightly or wrongly don't make many announcements to support the share price so it has tended to drift down on lack of news. I think your own guess is as good as anyone elses.

Yes indeed, your posts injected a bit of life into the board so thanks for that. It was Tumbleweed Central prior to the last fortnight. I'll be on and off here as and when I come across any nuggets of info. GL.