Member Info for meatfish

They are still showing on L2 here and there isn't a negative trade in to cancel any of them. 4 trades around 8am and 8.01am at 2.64 and 2.65p

That might explain the random small buying. It seems like someone is building a position but in lots of small trades of a few set sizes.

Volume is picking up -someone is buying up lots of small chunks and the SP is rising on nothing -back to 2p at least today

13.41.24

Yep, now that we've seen a further drop I'd say the next support is mid 40s for a 50%retrace of the rise, which is pretty common.

The 51.8p trades look like buys. This looks like the new support so a strong buy again up to previous high.

Latino, I suggest you reread my post as you have missed what I was saying completely. I was talking about the OTHER main riser today, GRL. It has risen on no news whereas ABZA has risen on a positive RNS. They should be due a speeding ticket if the BoD of GRL aren't sitting on news. Perhaps take a little more time reading before you dive in?

Just looked at the other riser and they must be due a speeding ticket any minute. No news means it will plummet. The RNS here gives figures (unlike Fitb on wednesday) so everyone knows what is going on. This is by far the safer option right now.

Bid is rising on dummy sells so there's a big buy out there. 5.222p right now

One support line I looked at earlier suggested a potential dip to 1.43p Monday, but after that we should see it shoot back up. The trouble is the dips tend to be based on a widening spread whilst the Ask stays high, so it hasn't been worth trading in and out as it rises. I'm not sure how useful TA is with a stock like this where the loss producing element has been dumped and there is everything to play for. Classic case of it being better to sit on one's hands until at least after the update, regardless of when it comes in.

Higher than 1.575p. There are a few key dates between then and now, of which the full year results AND the announcement of any nominations for the BAFTAs in March (likely to coincide in date around the 28th) should lead to the largest potential boost. Of course, if a Zinc programme is nominated and subsequently wins then that will have an even greater effect. If all goes well then in 6 months I predict we will be in a lull, and sitting at the 5p + area, having been higher before that and then be higher again on the next trading update if positive. My thinking of 5p as a lull shows my confidence in the company going forward.

As far as I can see there is only one negative and it's fairly significant. If you use the EPIC to create a search tag on twitter of #zin, you have to wade through hoards of fluorescent loving Zumba ladies (and some men, but mostly ladies). It's definitely a trade-off worth making looking at the potential upside here but still, not when I'm eating breakfast please.

British Bulls suggested yesterday that a Bearish Harami pattern has formed indicating a change of trend. As far as I'm aware, they follow TA only and ignore the fundamentals (such as the expected trading update this month) I feel they are wrong on this occasion. However, what they are seeing on the charts might also be causing other's who invest solely on TA to bail.

It's all good. Just thought you might like a gander.

Fantastic volume today here ;) I just have to keep reminding myself that boring is good and wait for the trading update

Yes, and the SP is being lowered by increasing the spread. 1.75 is definitely a buy as the 13807 one is mine

You are of course right, especially if one isn't day trading. L2 is also wildly addictive. I never thought I could get excited looking at little more than a colourful spreadsheet of changing numbers...

troutisout, which l2 do you use? LSE reliability issues are annoying me and it sounds like you get more data back than I do here

I've been slicing off gains elsewhere as I hit targets and adding here. It keeps ticking up gradually which is perfect for my needs. As soon as the update comes in the herd will likely lumber on over and we'll all be in multi-bag territory. What's not to love?

Logically I would assume we will see one or more delayed sell later